The Portland daily press., 1866-12-13
WASHINGTON.
THE CASE OF sURRATT.
amendments TO the National Catr-
gency Lars. Daa

WASHINGTON, Dec T.
III Is understood here in semi-official circles,
tnas tne criminal Surratt will be offered his
pafdon on condition that he will testify as
ialtnlul witness against all the parties who
knew or had connection, either directly OF, in
directly, with the atrocious plot
The frst case to be called by the U. S. Su-
Prene Court Tomorrow, is that OF Frederick
n. Slciles vs. Boyden w. Evans, after which
the case of the Union Manufacturing Com
pany VS. John d. Loundsberry. Judge Curtis
and Mr. Kelley will appear for plaintiff COM
pany, ana MIR Stoughton for the appeal
Ihese are Important patent cases. The dock
et mas peen entirely relieved of Southern cases
pending nom the commencement Of the late
rebellion, they having been continued or suh-A
mltted. The Court will now resume the call
OF the regular docket. ttG .qN
Inc Committee on Banking and Currency
to,day agreed upon various amendments to the
bhl reported last July, but not then acted upon,
TO amend the national currency laws Among
other things, they provide that the officers Of
every association shall be managed by no less
,nan =, nye directors, one Of them the President.
Every director during his entire term of Office
must be citizen of the United States. and at
least three-tourths of the directors must have
resided in the State or district in which the as
sociatOn Is located one year. Each director
must own all east ten shares of stock Anoth-
ler amendment proposes the words ..'Philadal
phla and Boston" shall be stricken out of the
present law, SO that New York mayb be the only
place OF redemption Anew section is added.
yiz&"No o association shall allow any member
to withdraw, or permit to be Withdrawn. any
portion of the capital, and if loss be sustained
by such association equal to or exceeding its
undivided profits then on hand no dividend
shall be made, and no dividend shall ever be
made by any association while it shall con-
& nue. its banking operations to any amount
greater than its net profits then on hand.
and deducting therefrom its losses and bad
debts. L ne Comptroller of the currency, with
the appreciation of the Secretary of the Treas
ury,as oiten as may be deemed necessary and
son to make an examination of the affairs of
every banking institution. Such person is not
TO De D1recter or other officer in any associa-
ton whose affairs he shall be appointed to ex-
anime. NO association is to be- subject to any
other vlsit0rial power, except such as is vested
IN the several courts OF law and chancery 1t
is proposed to substitute o new section for the
list OF the ahlendatory act of March, 1885, SO
that upon transfer and delivery of bonds to
the Treasurer the Comptroller of Currency
may furnish to the association making the
same circulating notes of different denomi-
nations in blank, registered ahd oountersigned
equal in amount to so per centum of the cur-
rent market value of United States bonds so
transferred and delivered, but not exceeding
w per centuln of the amount of said bonds at
the par value thereof IF bearing interest in
com at a rate of not less than five Lec centum
per annum, the amount of such circulating
notes to be furnished to each association shall
not be more in proportion to its paid captal
than as follows: ssr.. each association whose
capital shall not exceed 100000, ninety per
cclltum of such capital To each association
whose capital exceeds $3OO,0OO but does not
$5OO,OO0, eighty per centum of such capital
10 each association whose capital exceeds
S5O0,000, but does not exceed 81 600 OOO seventy
per oentum OF such capital To each associa-
ton whose capital exceeds one million fifty
per centum OF such capital but no association
shal! nave an amount of circulating notes ex-
ceedIng one million, and every association hay-
ing larger amount of circulating notes than
IS herein prescribed SHALL as soon as practical
BILE, Withdraw from circulation and return to
the Comptroller of Currency to be cancelled,
an lts circulating notes in excess of he limits
herein prescribed; and in case any association
shall be unable to return its own circulating
notes as herein required, it may return the
circulating notes at any other national bank
ing association. Any existing bank OF bank
ing IN assoaiatloa Organized under laws of any
state not having it's propOrtionate share of
banking capital, which shall have applied for
authority to become national bank or, being
organized, shall have applied for an increase
OF capital before July 1st, 1865, SHALL if found
by the Comptroller of currency he in GOOD
Standing and credit receive authority to become
National bank, and new associations may be
organized in States and territories which have
secured the least rateable proportion of cireu-
lating notes, providing the entire amount of
oiouuaei"S hotes 70 ne uellVefed TO banks con-
verted from State to National banking associ-
atoms, or to banks whose capital shall be found
as aforesaid shall not exceed $15OOOO00. The
total amount of circulating notes to the new
associations so organized shall not exceed S15,-
100000 until after the 1st of January, 1866 when
II any portion of the $15000O0O circulating
notes allotted for the conversion of existing
State banks shall remain unappropriated the
amount so remaining may be used for the or
ganizatiOn of banks, and the increase of circu-
lation of National banks is to be restricted as
now, and it is not at any time to exceed the
sum of 100000. The remainder of the new
bill is substantially as reported last July
The House to-day, on motion of Mr. Hooper,
who has the bill in charge, ordered it to be
printed.