The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1866-06-15
Consre..iosaal Preceding. ing :.
5'l ga 9WAsH1NaroN, June IL

1 read GW1co ana reI6If6u 10 tuo COuulbttS
on Military Affairs. y -' - - -
| A substitute for the House bill for the
reorganization of the army was reported
back, and ordered to be postponed until
next Tuesday.
The Senate bill to authorize the Com
missioner of Patents to pay those per.
sons employed asexaminers and assist
ant examiners the salary fixed by law
for the duties. performed by them, which
was before the House at its adjournment
yesterday, came up in order, and Mr.
Harding, Of Kentucky, withdrew his
motion to lay it on the, table, when the
bill was passed-64 to4.a.
Mr. Whaley presented the credentials
of Lewis Hares, claiming to be elected
to Congress from the 5th CongressIona
District of North Carolina, which was
referred to the committee on Recon
struction
The House resumed the consideration
of the bill which was up yesterday, to
establish assay officers at Portland, Ore
gon, and Bois City, Idaho, and to dis.
continue the branch mints at Dallas
City, Oregon, Charlotte, North Carolina,
and Dahlengore, Georgia. G
Mr.. Henderson concluded the speech
which he had commenced yesterday by
Offering an amendment to strike ont "all'
| in the bill referring to Oregon, and add a
section amending the act OF July 4th,
1866, by transferring the branch mint at
| Dallas City to Portland. The debate
was participated in by Messrs Allison,
Morrill, and Thayer.
Mr.. Henderson's amendment was re.
jected by vote of6 to 73, and the bill
was passed. r.- r-o
Mr.. Hooper from committee on bank
ing and currency reported a bill to
amend the national currency act, which
was read twice and recommitted with
| leave to report at any time.
The bill amends the sixteenth section
of the national currency act in the fol
lowing particulars
Section eighteen gives the Comptroller
of the currency additional power to pro-
ceed summarily against any bank which
may be found, or which he may have
reason to believe has been guilty Of any
violation of the banking law; he may ap-
point a commissioner to investi-
gate the affairs of any bank, and upon
satisfactory proof that any bank is not
carrying on a Legitimate business of
banking, he may appoint reliever to
close up its affairs. 90
Section twenty one reduces the circu'
lation of all note banks whose capital
exceeds 100000, to ten per cent, and
provides that no bank shall have circu'
| lation Of more than one million dollars.
Also provides that such reduction may
! be enforced by a retention of the inter
est Of any bonds deposited in the treas
ury The reduction must must t"ho
place by the nrSG or January, eighteen
hundred and sixty seven.
1t provides further that there shall be
100000 900 additional bank circulation,
in the place of this reduction of SIS ,000,-
900, to be used for the conversion of old
State Banks into National Banks, and
SIS 100000 for new Banks in the South
ern and other States which have secured
thus far the least noticeable proportion
of banking capital of the total amount
which is not to exceed the present limits
of $500, 100000.
Section %, Provides that no
person, firm, or corporation shall be
come the debtors Of any bank to an ex.
| tent exceeding one-tenth of its paid up
| capital stock, unless such liability is
secured by United States collateral, or
bona fide bills of excha nge, OF of regu.
larly made and discounted paper actu
ally owned by the party for whom it is
discounted; and the officers and direc.
tors are made liable for any violation of
this section and the bank is subject to a
penalty of one thousand dollars.
Section 80. Continue the present
system with the additional require.
ment that the redeeming banks in the
several cities as now provided, shall he
| required to redeem its own notes and
| the notes of any association for which
| it creates redeeming agency in the
cities of New York, Philadelphia and
Boston, thus establishing what has been
known as the Suffolk bank system
throughout the country.
Section "a, Requires the monthly
returns from each bank to the Comp
troller of the Currency to be sworn to
by the president and cashier, and the
quarterly returns to be verified under
oath by majority of the board of direc'
tors. The details of the returns are
also considerably increased.
&Section '6l, Reduces the tax circula'
tion from one-half of one per cent semi.
annually to one-sixth of one per cent,
and also takes off the tax on the capital
leaving the tax on deposits as at present
and making no change in the local
| taxation.
Section As requires the Secretary OF
the Treasury to withdraw from any
government depository, any public mon,
ey in excess of the amount secured by
the amount of bonds deposited, to secure
the safe keeping of such public money.
Mr. Julian from committee on confer
ence on the bill for the disposal of the
public lands for homesteads and actual
settlements in Alabama, Mississippi
Louisiana, Arkansas and Florida, made
report which was agreed to.
Mr. Window introduced bill author
izing the Winona and ST, Paul railroad
company, to construct bridge across
the Mississippi river, and to establish il
a post road, which was read twice and
referred to the Committee on Posta'
Affairs.
The House then proceeded to the con
sideration of the bill for restoring the
| States lately in insurrecion to their full
political rights e .---
Mr. Window addressed the House il
support of the bill.
Mr.. Harris addressed the House in op
position to the bill. He declared that
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