New-York daily tribune., 1866-04-07
XXXIXTH CONGRESS.
FIRST SESSION.
SENATE. - WASHINGTON April 9, lsee.
PINaI0NS

PENSIONS.
Mr. VAN WIxKLg West Va.) reported, with
amendments the BILL supplementary to the several acts
relating to pensions additional section of the act Of
July H. ls6 10 entitle any 10 two pensions at
the time Another section repeats the auth0riza
ton to detail clerks In the Pension Office and EN-.
powers the Secretary OF the Interior to detail clerks for
the purposes of said section or TO secure the more
ehectual execution OF the pension laws.
TIE NATIONAL CURRENCY.
Mr.. FEssESDES introduced bin to amend the act TO
provide a national currency. by q pledge Of United
States bonds which was referred to the Committee
Finance. 1t amends section II to make it read
follows:
And be- further enacted That upon the transfer and de-
livery OF bonds the Treasurer provided In the foregoing
section the association making the same shall be entitled to
OF different In blank and registered aud
tergned hereinafter provided, equal In amount to 10
bonds Transferred delivered but not exceeding 30
per Of the amount Of said bonds at the value
thereof beang interest at rate not less than five
centum per annum and the amount Of such circulating notes
to be furnished each association shall be In proportion
esch association whose capital exceeds $4,000, but
does not exceed 100000. 80 per cent Of such
100000 but doe. not exceed ocoOoO IS per centn Of
such ea,a to such association whose capital exceeds
such capital to such association whose capital exceeds
81 900 exceed s3Oooooc 50 per cenum Of
0 % per centum Of such capital and it shall be tho
duty Of the Controller OF the Currency to retire and withdraw
from circulation all muaed notes returned by any
association whose ulang notes In Of the limit
herein prescribed until the circulating notes Of zach asocs
ton shall be within the ratio prescribed for It's cspa and
existing bank banking association organized under the
any State which shall apply for authority to become
National Bank under the TO which this section 10
before be lot day Of October 1866 and shall
ply with all the requirements Of said act shall such bank bs
found By Controller the Currency to be In good stand
ing and credit receive authority to become Nations
Bank provided that banks OF unmpared capital In State
which have heretofore secured tho least raabe amour. Of
circulating under tho provions Of said act shall have
preference in receiving such s,thorty and provided further
that Of circulating notes to be delivered to
banks thus converted from State banks to National asocia
tions shall not exceed millions Of dollars And ssoc
atoms may DO organized 10 States and Territories which have
heretofore secured the least rstabe proportion Of circulating
notes under the provisions Of said act provided the total
circulating notes to be delivered to asocaons
shall exceed fifteen millions Of dollars until after
the lat day Of October 1866 when II portion OF the ten
uons Of circulating notes allotted for the conversion Of
State banks shall remain unsppropraed the amount so
shall be used for the organization OF new assoeis
ions under this section.
CoN2ITION OF SOUTHERN REPRESENTATION.
Mr.. LAsy (Kansas) introduced the following joint
resolution, wsh was ordered to Lie op the table and be
artnted,