The daily register. [volume] (Wheeling, W. Va.) 1863-1864, 1864-05-25
HOUSE.

Adjourned, ...t
ut,#
HOUSE.
WASHINGTON, May "a.
The committee on elections requested
in favor of giving the seat for Dacotah, to
J. D. S. Todd.
The Senate amendments to the national
currency bill were then taken and an effort
to have them sent to conference commit
tee failed.
MIR. Holman, of Indiana, moved that the
amendments be laid on the table. This
was decided in the negative, by vote Of
Sc 10 80.
The Senate had amended the 18th sec
ton of the bill which provides that share.
holders shall be held individually response
BILE, by adding an exception that the
shareholders of any banking association
now existing under state laws, havin, not
less than 100000 of capital actually paid
in, and surplus of 20 per cent. on hand,
both to be determined by the comptroller
of the currency, shall be liable only to the
amount invested in their shares, and such
surplus shall be kept undiminished, and be
in addition to the surplus provided for in
this act, and if at any time there shall be a
deficiency in such surplus of 20 per cent,
the banking association shall not pay any
dividends to its shareholders until such de-
ficiency shall be made good. And in case
of such deficiency, the comptroller of the
currency may compel the banking associa-
ton to close its business and wind up its
affairs.
Tho House conquered in the above, 50 to
81.
The House limited the entire amount OF
circulation to 3O0,000,000.
The Senate had amended by making the
limit apply to either the circulation of cap
ital stock.
The House now concurred in this amend
nent by vote of57 against II, leaving
the limit to apply 10 the circulation alone.
The Hause Sc against %, concurred in
the Sanate's amendment, the comptroller
upon the terms presented by the Secretary
of Treasury, may permit an exchange to be
made of any of the bonds deposited with
the treasurer by an association, for other
bonds of the U s, authorized by this act
for circulating notes if he shall be of opinion
that such an exchange can be made with
out prejudice to the . S. The House had
fixed the rate of interest at not exceeding
per cent. per annum.
The Senate struck this out and substitut
ed that the associations may charge the
rate allowed by the state or Territory where
the bank is located. The rate 80 limited
shall be allowed for associations organized
in any such state under this act and when
no rate is fixed by the laws Of the State Oh
Territory, the bank may receive or charge
Il rarte not exceeding per cent
The House concurred in this.
Mr.. Stevens said that the most impor
tant part of the bill had thus been strick
EN- out, and he therefore moved to lay it or
the table Disagreed to.
The senate had amended the taxation
section by providing that in lieu of existing
laws every association shall pay duty OF
half per per cent each half year from Jan
nary la,t upon the average amount
of its notes in circulation and ais,
a duty Of one quarter per cent each hall
year On the average amounts of its depos,
its. and DUTY of "a per cent, each hall
year on its capital stock, beyond the a
moant invested in e. S. bonds Nothing
is to be construed to prevent the market
value Of the shares, and the real estate o
the associations from State or municipa
taxation. The Senates amendment was noI
concurred in, 81 to G..
The House acted upon all the Senate
amendments Those to which the aous,
disagreed to will be sent to the Senate 70
further action.
Mr. Patterson of II reported bill t.
incorporate the newsboy's home in the Dis
trict of Columbin.
Mr. Brooks of N wished to know whs
would be the use Of such homes if tn
newspapers were to be suppressed. In tina
case there would be no newsboys.
4 Mr. Cox of Ohio expressed his surprise q
the gentleman from NY (Brooks) for
the newspapers were suppressed, not onl
the boys themselves, but the gentlema
himself might want home
MIR Eldridge of Wis wanted the gentle
man from N Y (Brooks) to inform hir
whether the government was not now ful
nishing homes to editors Of newspapers, i
the forts Of the North. .....-
Mr. Brooks replied that perhaps som
gentleman on the republican side of tn
house could give the information, as fc
himself Aewas not an organ Of the admin:
tration .,.......
Mr.. Herman, of New York, desired to sa
few words, coming as he did from Stat
here the people are greatly aggrived frol
a spasmodic energy which trampled dow
the rights of some of her citizens
Mr.. Morrell, Of Vermont, suggested 10,
the discussion Of the suppression Of Il
! Xarld as,d IournaI Of Camnnarca ma no.