Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-06-15
XXXIXthC Congress.
WAsHfSeT6s, June "a.
fidttst.

1
bill for the creation OF National Bureau
Insurance, and to provide for funding th
1 Indebtedness of the United States, which wa
read tHice end referred to the Committe
on Finante. 49,
The Committee on Military Affairs re
ported back a substitute for the House bil
for the reorganization Of the army. II wa
ordered postponed till Wednesday next.
The Senate bill 10 authorize tie Commits
sioner Of Patents TO pay those employed a
Examiners and Assistant Examiners tn
salary fixed by Law for the duties performeC
by them, which was before the Eouce Ct il
adjournment yesterday, came up in order
and Harding. of Kentucky, withdrew hi
motion to lay on the table, when the bill
passed by 65 to Al.
Mr.. WHALEY presented the credentisl:
of Lewis Hans, claiming 10 be elected t
Congress from the 5th Congressional Dis
trict Of North Carolins, which was referred
to the Committee on Reconstruction.
The HOUSE resumed the consideration
of the bill which was up yesterday, to es-
tsblish Assay Offices at Portland, Org and
Bois City, Idaho, and to discontinue the
branch mint at Dallas City, Org, ChariotteJ
N. c., and Dsholenga, Ca 1-e
Mr.. HENDERSON concluded the speech
which he had commenced yesterday, offer
ing an amendment 70 strike all out in the
| bill referring 70 oregon and add a section
amending the Act of July 4, 1854, by trans
ferring the branch mint at Dallas City to
Portland. The debate was participated in
by Messrs. Allison, Morrill, and Thsyer.
Mr.. Henderson's amendment was rejected
| by 81 to 70 and the Bill igas passed.
| Mr.. HOOPER, from the COMMITTEES On
| Banking and Currency reported a bill,
termed the National Currency Act, which
wss read twice and recommitted with leave
to report at any time. The bill amends the
section of the National Currency Act in the
following particulars 10
Section eighteen gives the Comptroller OF
the Currency additional power to proceed
sUmmarily against any bank which may
/ be found or which he has. reason to believe
has been guilty Of eny violstion Of bank
ing law. He may appoint Commissioner
at any time TO investigate the affairs of any
bank, and upon satisfactory proof that any
bank is not doing legitimate business Of
banking, he may appoint Receiver to close
up its affairs
Section twenty one reduces the cir
culation Of oil National Banks
whose capital exceeds 5000, ,OgG, ten per
cent, and provides that no bank shall have
a circulation Of more than 81 900 900, and
also provides that such reduction may be
enforced by a retention of the interest of
any bonds deposited in the Treasury. The
reduction must take place by the Ist Janu-
ary, 1867. It provides further that there
shall be thirty millions additional bank
circulation in place OF this reduction Of
Sl5,O0O,00O, to be used for the conversion of
all State banks into national banks, and
$4,000, 600 for new banks in the Southern
and other States which have secured thus
far the least rateable proportion Of banking
capital Of the total amount, which is not 10
exceed the present limit of $500, ,OOO,O 900.
Section twentynine provides that no
T-5E1vIIJ ia US,E FvEGrtiuEz siIs-IH bv-sg--
debtor of any bank 10 an extent exceeding
tenth of its psid-up capital stock, un-
less such liability is secured by United
States collateral or bona ide bills Of ex-
change, or Of regularly made and discount
ed paper actually owned by the party for
whom it is discounted, and officers and di-
reetors are made liable for any violation Of
this section, and the bank is subject to a
penalty of 81 ,00O.
Section thirty two continues the present
system of redemption, with additional re-
quirements that redeeming banks in the
several cities as now provided, shall be re-
quired TO redeem its ov7n notes and the
notes of any association for which it creates
a redeeming agency in the cities Of New
York, Philadelphia and Boston, thus estab-
fishing what has been known as the Suffolk
bank system throughout the country.
Section 81 requires monthly returns ttOm
each Bank to the Comptroller of Currency,
to be sworn to by the President and Cashier
and the quarterly returns TO be verified Un-
der oath by a majority of the Board of Di-
reCtOrs The details of returns are also con-
slderably increased.
Section Al reduces the tax on circulation
from one-half of one per cent, semi-annu-
ally, TO one fourth Of one per cent, and also
takes off the tax on the capital. leaving the
tax on deposits as at present, and no change
is made in local taxation.
section - requires the Secretary Of the
Treasury TO withdraw from any government
depository any public money IN excess of
the amount secured by the amount of bonds
deposited 10 secure the safe keeping Of such
public money.
Mr.. JULIAN from the Committed ou Con-
ference on the bill for the disposition of
public lands for the actual settlement of
Alabama, Mississippi, Arkansas. Georgia
and Florida, made a report, which was
agreed to.
Mr.. WINDOW introduced bill 10 author
ize the Winona and st. Paul Railroad Com
pany TO construct bridge across the Missis-
sippi river, and to establish it post road,
which was read twice and referred TO the
Post Office Committee.
The House then proceeded to the consid-
Grafton Of the bill for restoring the States
lately in insurrection to their full political
rights.
Mr.. WINDOW addressed the House in
support of the bill, and said that the real
issue between Congress and the rebels was,
Shall traitors rule the nation they fought
four years to Destroy II was a question
whether the South should be represented,
for all agreed that she must be, and all de-
sired that she should be at the earliest pos
sibIe moment consistent with the public
safety, but the question was shall her rep
resentatives be admitted here at once with
out the imposition Of any condition what
ever The President and his supporters
insist upon immediate and unconditional
admission, without any protection to the
freedmen, to whom the faith Of the govern
ment is pledged, without any change in
the basis of representation whereby the
gross irregularity Of making the vote of a
Southern rebel equal to the votes Of two
Northern soldiers shall be remedied with
out any disfranchisement of leading per-
iured and dangerous traitors, and without
any prohibition against the assumption and
payment of the rebel debt, or Of rebel
claims for the loss of slaves. The Union
party demand that the pllghted latin Oi
the nation 10 the humble freedmen shall
be maintained; that the basis of represent
alton shall be made just and equitable;
that prominent traitors who once swore
TO support the Constitution Of the Union
and violated their oath, should not be allowed
to make or execute laws for loyal men, that
the national debt shall never be repudiated,
and that the national obligation 10 pay pen
sions and bounties to soldiers and sailors,
to their widows and orphans, should not be
questioned; that the rebel debt shall never
be assumed or paid by the Federal or State
governments, that the guarantees snail De
embodied in the firm foundation OF the re-
publics. where neither treason or rebellion
shall ever reach them, and that these shall
be made condition precedent 20 the tull
restoration of the rebel States
Mr. Window proceeded to argue from
these premises in support Of the bill. he
concluded by saying that the power OF this
nation is yet in the hands Of the loyal peo-
pie. They have purchased it at a ieG-tul
cost. They will keep it until equal and ex-
act justice is secured to every citizen, and
until the Republic, free, united and pros
porous, shall have achieved its glorious mis-
sion among the nations of the earth.
Mr.. HARRIS addressed the House in op
position. He declared that in principle he
now stood as he had stood after war was de-
elsred; as he had stood in the last Congress,
when he received its crown Of censure, as if
-