, 1866-05-28

dGcmn1 |. bosf r. x;o1I ..t,n ,.in,r. na i.,ns
of tLe Sccretnrv 1f thc Treasure on, ~
clinel 10 doubt that the matorifr of the Sem
nte will be disposed to net upon this theory
ofthe infallibility Of the head of the Treasury.
l did not deem it necessary to allude to
the argument that the exemption OF the pro-
posed nve per cent bonds from all Federal
thautnos inc!uduE Tue income TAX, W0a!a IN
ouCe thc noi0els o. sl4 per cents anu s-ooS 10
SSua,ES tue1 w .AS lolluef. ,hF' snefsua1
ann.,s,tta ~, Iaa. ny n'nou.t ~ teoGIaI
roCn-,,a S.o,4, ~ ~ ns.!ua.ln ~ M ehI
thot ~, r-,nosoa ttni or.1rt;o' ~ ~ ,,n,s1.t
ofTnr6 M onof1 erronrI ~ nF,nos,,;o, -
thaf nnrt ri =the MI
Especial Despatch to the Chicago Tribunal
WASHINGTON, May a3.
AMENDING TUE NATIONAL CURRENCY ACT.
4 bill 10 amend The National Currently Act, p,c-
pared by Comptroller Clark, will he introduced in
The Ilousc next week The following ts m ab-
stract OF is provisions; It authorizes The jssue of
one hundred millions OF dollars Of circulation in
addition to the three hundred millions OF o1lars OF
circulation now prosided tor to be secured in tn.
samc manner not more than ten millions OF tue
aad,slousl amount may be issued within six months
from The plssnge Of the act. and not more Than tour
millions within ouy one month thereafter, Exist
Ing Stag banks oi good standing, which apply for
authority to become National Banks before the III
Of OCTOBER 1866 ehalf receive such authority, pro-
vidtd that such banks IN States ahlch have
heretofore secured tue leaet satatle amount OF cir.
culstins notes. shall have preference in receiving
such authority; the entire circulation allowed 10
State hanks becoming Nnttonal hanks NOT to cx,
coed fifteen millions Of dollars In organizing new
bsnks, preference shall be given to tuch states and
teah"oHss NJ oAse ue3etolcsc Ia1ted 10 eecurc
tae'F saiao'e proportion OF Circulating notes. 80 as
to eqnalf7e thu apport.oaEnrnl Of The whole four
hundred millions. Every National bank In New
1osk, boIon ano ln'hdeIphta foa1l Keep On hand
m amount equal to twenty-five per cent Of Its CIR
cuat!on ard deposits, and when this reserve shall
lail below twenty-five per cent such bank shall not
iGcryasc its liabilities by new loans or discounts,
otheFM1fe than BY dtsconntlrR or purchasing bills
OF txcharre. payable at sigh', nor make any diSi-
ocnd Of liz profits. but Clearing House certificates
lepfeecuunc money deposited Tor Clearing House
pusposes, may be deemed la"fu1 money on hand.
oahI fha' 1all ior thirty days. aflcs notification
~ 'he Compuol'ee 10 make good It's resolves, the
comptroller may appoint receiver to wind mp Its
busnc:s Each a:tociation IL req1in.d to select an
association In New YORK, Boston, and Philadelphia,
at which II will redeem its circulating noles at par.
For any nstoc1ation failing 10 redeem its crcu.
atinc notcs. The Comptroller may appoint rcctiv.
CT; bnt national banks arc not hcrcby relieved from
liability TO redeem their circulating notes at th-lr
own counters, In lawful money, on demand.
GEN. vASnErEE APPOINTED.
The President, IN one case, has entirely departed
from his custom Of disrcsardinc The term. Of his
own circular regulating appointments, By seudInr
In the Fame Of Gcttral EandeSer az Askesaor at
Hamilton, Ohio, fo!cly upon bis brilliant record
ns soldier. The General will, undoubtedly he
confirmed.
INTERNAL, R97rs,r
The RECEIPTS from .c,e,ual revenue du.lnr the
week were upwards of three millions.
Drros17s u TIE sA71oxAL pErosr1os,rs,
The paymas,cr General. at The reoue4t Of the
Committee on Banks and Currency. has nrro,red
statement show inr the amouu. of deposft On The
various National repositories 10 the crrcit Of pav,
masters. The rcpoft thoHs Tint there An, unward,
c, fifteen millions In thetc institutions. Ia ,hr r,,
OF 1bc Tay Department. lor which ther. Is nor ope
collar Of security.
A National Uauk at Leaycnwortb. Kacsas. which
has capitol Of one hundred thous and dollars. bas
tss1ly one million On deposl, and auo:bcr nt Se,s
Or,,a1s. who.e csp,,al Il 1h,ec hupL "a ,honsend
millions 10 tho credit Of Goyernmen, dl.,ur*,nr,
officers and o.erts. In on;er ,o 70, ;I,c ,.x,cf
amount Of dc,,ost, Ia The ya,ous o1,cs an,
snh treasures aud the d,sburxirc offices thr tem
n.,cc have Addressed c;rcu,ars to all those .n.,,.
,u,ions directing them 10 .rpost wha. amounts
they han m fprosft nm the TAT fnsf
' 80 -, . - =. s - '"s. ~
1ns eh,eAoo hs' HSeE COLLECTOR.
ihe SENATE Committee or Finance have uusnl.
monsy agreed 10 report ravorably upon the no,ui-
| ust,t,n of General Mann. fnr Int, rnat Rrycnn,
TENN, or The chIraro t,.,rirt .,d fc ri,,
~eai1se so@e' y. tte eo'enI" b!eu4ct aeo ~ Will
coub;!ese he confirmed on Mondsy.
SAI1oSAL BANK SECURITIES.
The ltn,c, >,,,aa Trc-.nr,.r ho,a. ~ tor
| >,+,or,l p,nts ,a.,,r.+a =, ss,.os,,.,tos -,
@toat .'4'Nt, "es'iust.o sa utles''ofteS+ 1a'se
aosonns Of ccrtfeates Of Indebtedness, roftlcn os
which msturc prior to August 81, 1sc6, Or which
pprhen In aecnrdsnec v1f ro,yr,, r,.renJr c,re,,
ps,no ,a,s." ~ a.esu ~ w. w uoet l.sss e'ea
] ~ 'Ae osGet0-s " tae tteasu'e. 'aiefcs' ec4ses
lfosa 1ht 3lst o. May. BAhks which nave On &C.
aosI the latter cla-e of cc11featcs should, there
fo In ortipr Tint fhty mar 1nt ]o<c 1nt..ts, snh
tt,n,a n,ho- fr.,,s3 S...o .s.rI,,.. ~. 80 -.
.u.s ~ otnet eA,e1 taEs sesa4'.1ss '"' s"sn ess'
| "teates Prior 10 the oist 'nsl.
AMOUNTS TO BE rirD.
! The fourth Ardi.os eIa:ct that lwr1ty-,hfec mil
hone " III h. ln,ye. tn r,r c IN r1.,. ,,o~ ",
! "SN w ~ tsa ~ ~ W eAs I4a.us w" -.
LUTTE y! seH4e1nent ID 1'e hn1eAu. IN 3he second
Comptroller Office, The amount required tor the
same puypo.e Is e-timated at upwsru. ot ouc hnn.
| AID and ANY rn;,l,nox IN ,ha s..o,a Ar5,,.,..
l ~ 49, 49, 80 ~: AS =. 'ae ss>o"a a.u4.o'
oo1eat. "uIea nss enatse o. tne seiuealeEt OF
c1ame for back pay, &C., the nlaouul Is double the
| Inst neul1cred .uu
| rrur. ,,rs,r,sern
-,,
| 1hc1 tna' loul-nlsas Of toe e1efks olsIlsseo
from the rsasur5 lat week were Eadfeals, and the
| remainder Wefe 1ucompe,ent Eonperhe.,da
| r.xp,,,
| wAsp1s11os. Msy s8-Tne only .nbiect of r.cn.