The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1866-06-15
CONVERSATIONAL. PROCEEDINGS.
WASHINGTON, June IA.
HOUSE.

bill for the creation of National Bu-
reau of Insurance and to provide for
funding the indebtedness of the United
States, which was read twice and refer
red TO the Committee on Military At
fairs. He also reported back a substi-
tute for the House bill for the reorgani-
zation of the army 1t was ordered to
be postponed till Tuesday next.
The Senate bill to authorize the Com
missioner of Patents to pay those en-
ployed as examiners and assistant ex-
aminers. The salary fixed by law for
was before the House at its adjourn
meut yesterday, came up in order and
Mr.. Harding, of KY, Withdrew his mo-
ton to Law it on the table when the bill
was passed by IS ayes to Al nays.
Mr.. WhaIey presented the credentials
of Lewis Harris, claiming to be elected
TO Congress from the 9th Congressional
district, of North Carolina, which was
referred to the Committee on Recon-
struction.
The House resumed the considera-
ton of the bill, which WAS up yester-
day, to establish assay offices at Port
land, Oregon, and Boise City, Idaho,
and TO discontinue the branch mint at
Dallas City, Oregon, Charlotte n. ca
and DahIongona, Ga. Mr.. Henderson
concluded his speech, which he had
commenced yesterday, by offering an
amendment to strike out all in the bill
referring to Oregon, and add to the sec
ton amending tue act of fully, 1864, by
transferring the branch mint at Dallas
City to Portland. The debate was par
ticipated in by Messrs. Allison, Nor
rilI and Thayer. Mr.. HendersOn's
amendment was rejected by vote of
81 to 10, and the bill was passed.
Mr.. Hooper, of the Committee on
Banking and Currency, reported a bill
i Of
which was read twice and recommitted
with leave to report at any time. The
bill amends the section of the National
Currency Act in the following Particu-
lars
Currency additional power to proceed
summariIy against any bank which
may be found, or which he has reason
to believe, has been guilty of any vio-
lation of the banking law He may
appoint commissioner at any time to
investigate the affairs of any bank, and
upon satisfactory proof that any bank
is not CARRYING on the legitimate BUSH
ness of banking, he may appoint re-
ceiver to close up its affairs.
SEC. 81. Reduces the circulation of all
National Banks, whose capital exceeds
$500. 900, ten per cent. and provides that
no bank shall have IA circulation OF
more than one million of dollars. IL
also provides that such reduction may
be enforced by retention OF the inter-
est of any bonds deposited in the trea-
sury. The reduction must take place
by the first of January, 1867.
1t provides further that there shall be
$50, DOC, 600 additional bank circulation,
10 be used for the conversion OF the old
State banks into National banks; and
SI5. OOO, 600 for new banks in the South
ern and other States which have secur-
ed thus far the least ritiable proper
ton of the working capital of the total
amount, which is not to exceed the
present limits of $500, 100000.
SEC. 20. Provides that no person,
firm or corporation shall become the
debtors of any bank to an extent eX-
ceeding one-Ienth of its paid-up capi-
tai stock, unless such liability is Sc
cured by United States collateral of
bona fide bills of exchange, or of Iegn-
larly made or discounted paper actual
Iy owned by the party for whom 1t is
discounted; and the officers and direc
tors are made liable for any violation
of this section, and the bank Is subject
to penalty OF 81 900.
SEC. 81, Continues the present sys-
tenn of redemption, with the addition
al req uirement that redeemlng banks
in the several cities, as now pro-
yided, shall be required to redeem its
own notes and the notes of any associ-
alton for which il creates n redeeming
agency in the cities of New York, Phil
adelphia and Boston, thus establishing
what has been known as the Suffolk
Bank system throughout the country
SEC. 81. Requires monthly returns
from each Bank to the comptroller of
the currency, TO be sworn TO by the
president and CASHIER the quarterly re-
turns to be verified under oath by
majority OF the Board of Directors.
The details of the returus are also con-
siderably increased.
SEC. IL. Reduces the tax on circula-
ton from the half of one per cent. semi
annually to ne-Gourth OF one per cent.
and also takes OF the tax on the capital
leaving the tax on deposits as at pres
ent and making no change on the local
taxation.
SEC. As. Requires the Secretary of the
Treasury to withdraw from any Gov
erumenT depository any public money
in excess OF the amount secured by the
amount of bonds deposited to secure
the safe keeping OF such public money.
Mr.. Julien, from the Committee on
Conference on the bill for the disposal
Of the pubic lands for homestead aud
actual settlement in Alabama, Missts-
sippi, Louisiana, Arkansas and Flor
ida, made report which was agreed to.
Mr.. Window introduced bill to
authorize the WinOna and st. Paul
railroad to construct bridge across
the Mississippi river, and to establish
il as "A post road, which WAS read twice
and referred 10 the Committee on Post
Offices.
The House then proceeded to the con-
sideratiou of the bill for restoring the
States Lately in Instruction TO their
full political rights:
Mr.. Window addressed the House in
support of the bill Mr.. Window said
mat the real issue between Congress
and the rebels was, shall traitors rule
the nation they fought four years to de-
stroy. II was not u question whether
the south shall be represented, Tor all
agreed that she must be and all desir-
ed that she shall be at the earliest mo-
meut possible consistent with the pub
lie safety.
Mr.. Harris addressed the House in
oppositiou. He declared that in prin-
cipIe he now stood as he had stood after
war was declared; as he had stood in
the last Congress when he received its
cenRure; as he had stood in person be-
fore that Internal instrument of tyran-
ny--a court martial; and as he stood in
principle SO he would stand in practice
whenever occasion might require. He
declared himself an old line Democrat,
believing in the doctrine of secession
believing that the several States OF the
Union have the right to separate from
IL, each acting for itself He de-
clared his belief that abuses and
usurpations had been practiced
and threatened to as great an extent by
their associates and partners in ms
Government that the Southern States
were justified in going out, and his
| further BELIEF is that by their ordinance
of secession they did go out and then
became 10 this Union foreign States
| These convictions he could not change
| and he did not expect they would ever
| be removedi he would want, assuredly
| TO proclafm them and stand by them as