Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-06-15
CONGRESSIONAL.

funding the indebtedness OF the United States
which was read twice and referred
The Committee on Mail Affairs reported back
substitute for the House bill for the reOrganiza-
ton of the army. Ordered postponed until next
Tuesday.
The House resumed the consideration of the bill
which was up yesterday, TO establish assay Of
fee at Portland Oregon, and Bots City, Idaho. and
to continue branch minis at Dallas City, Oregon :;
Charlotte n. c., and DOlenega, Georgia.
Mr.. Henderson concluded the speech which he
had commenced yesterday, by offering an amend
ment to strike out from the bill that portion re-
ferring to Oregon, and add section amending the
act of July 4, 1864, by transferring the branch
mint at Dallas City to Portland.
The debate was participated in by Messrs ALI
son, Morrill, and Thayer.
Mr.. Henderson's amendment was rejected--6l to
63, and the bill passed.
Mr.. Hooper, from the Committee on Banking
and Currency, reported bill TO amend the Ma
tional Banking act which was read twice, and re-
committed, with leave to report at any time,
The bill amends the National Currency act in
the following particulars
Section Is gives the Comptroller of Currency
additional power to proceed summarily against
any bank which may be found, or which he has
reason to believe has been guilty of violation of
the banking law. lie may appoint commissioners
ut any time to investigate the affairs of any bank
and upon satisfactory proof that any bank is not
carrying on the legitimate business of banking
he may appoint receiver to close up its af-
fairs.
tional Banks whose capital exceeds 100000 at ten
per cent, and provides that no bank shall have
circulation of more than 100000, and also
provides that such reduction may be enforced by
a retention of the ntest of any bond deposited in
the Treasury. The reduction mast take place by
the LIST of January, 1867.
II provides further that there shall be $50 900 900
additional bank circulation, in place of the re-
ductiOn of SIS 100000 to be used for the CONVEX
sion of old State banks into National banks and
Sl5000.000 for new banks III the Southern and
other States which have received thus far the least
proportion of the banking capital of the total
amount, which is not to exceed the present limits
of SS70,0OOOOO.
Section ~ provides that no person, firm or cor
poratiOn shall become the debtor of any bank to
an extent exceeding one tenth of its paid capital
stock. unless such liability is secured by United
States collateral or bona tide bills ofexchange or
of regularly made and discounted paper actually
owned by the party for whom it was discounted.
The officers and directors are made liable for
any violation of this section, and the bank shall
be liable to a penalty of $1,000.
Section 81 continues the present system of re-
demption, with the additional requirement for
redeeming bank in the several cities now pro-
vided: shall be required to redeem its own notes.
and the notes of any association which it creates
or at the redeemlng agency IN the cities of New
York, Philadelpeia and Boston, thus establishes
what has been known as the Suffolk Bank system
throughout the country.
Section "a requires a monthly return from each
bank to the Comptroller of the Currency, to be
sworn to by the President and Cashier, the quar-
tery returns to be verified under oath by major
ity of the Board Of Directors. The details of the
return are also considerably increased.
Section Al reduces the tax on the circulation
from one-half of one per cent spontaneously to
OnefOurth per cent. and 1t also takes off the tax
on capital leaving the tax on deposits at pres
ent, and making no change in local taxation.
Section 45 requires that the Secretary of the
Treasury withdraw from every Government de-
pOsitOry any public money in excess of the amount
received by the arrival of funds deposited TO Sc
cure the safe keeping of such public money.
Mr.. Julian. from the Committee of Conference
on the bill for the disposal of public lands for
hOmesteads for actual settlement in Mississippi
Alabama. Arkansas and Florida, made report
which was agreed to-.
Mr. Window introduced bill authorizing the
Winona and st. Paul Railroad Company to con
slruet bridge across the Mississippi River, and
to establish post road, which was read twice and
referred to the Post Office Committee.
The House then preceded to the consideration
of the bill for restoring the States lately in rebel
hsl % their full political rights.
Nj Window addressed ID ttohssln support 81
the i'll. He said that the real isssTs7 -pes"sf7i
Congress and the .c.sls was 70 allow traitors 90 |
rule the nation they had iygsht four years 2 I
destroy. 1t was not question whether tie south !
shall he represented, for all agree that she must
be- and all desire that she shall be at the earliest
moment possible, consistent with pubic safety I
but the question was whethss gep fesentatiyes ne
- here at onss, Fitteif th0 iInPesitior 2,
any oast 4istTfsr. lle Pres l..,nL an0
fhs nYei > insist 49, a 5.a. u tl ~
ditioilA sgnds,sa. ss...o. ~ Tow. ..s,,sat
t9edneR N=oa tho iaiif in the IL
nss beer -..vqt anF eAan6 me- 3
OF rem escltauIon, .:ssehy tho Govesas- "a irrs,
ularities OF making the vote OF "a Seuliiern re5tI
equal to the vote Of two Northern soldiers shaii b.
remedies, without any disfranchisement e -
iaf ggpured q dangerous tTaitqrs. sad tsiiaont 4
n ptnitIon AGAINST aSSulaption aud payn1ent AZ Z
rs rePsl 4ebt q Of rebels fer abe los q sares
g. ~ ~ .l Pfi.s s'adtoed that the.--t 80
ialth Of the pst tam lne nas u representation
De mare made iust aad oses..sls, tiIat prominent
traitors who have once sworn TO support the Con-
stitutiOn of the United States and violated
the oath, shall not be allowed to enact
laws for loyal men; that no National debt
shall be repudiated, and other National obiiga-
tons to pay. the boqnties and pensions to
soldiers ard sailors and their widows and orphans
shall not be questioned; that the rebel debt shall
never be assumed or paid by the Federal or State
Governments; that these guarantees shall be EN-
bodied in the firm foundations of the Republic
where neither treason nor rebellion shall ever
reach them, and that these shall be made condi-
ton precedent to q full restoration OF the rebel
States.
Mr.. Window commenced TO argue from these
premises in support of the bill. lie concluded by
saying that the power of the nation Is yet IN the
hands Of loyal people; that they have purchased
it at fearful cost that they will keep 1t until
equaliyed justice be secured TO every citizen, and
until the Republic reunited shall have achieved
Its glorious mission among the nations OF the
earth
Hede2lared that in principle he now stood as he
had stood after the war declared, as he had
stood in the last Congress, when he received Its
of censure as he had stood in prison before
the internal instruments of tyranny, court mar,
tlal, and as he stood IN principle, so ne 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 it. each acting for
itself BE declared his belief that usurpation had
been practiced aud threatened to so great an ex-
tent by the conservatives and psrtizans in this
Government that the Southern States were justi-
fed in going out, and his further belief that by
thereby become to the Union foreign States.
These convictions he could not change, and he
Gid not expect they would ever beremOved. lie
by them as long as q single citizen of the C0nfed-
States was in chains or subject to penalty for