New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-06-07
HOUSE OF REPRESENTATIVES,.
r,,,,.,- M pr-pTTC FINDS.

regulate and secure the safe keeping Of public money en-
trusted discussing officers Of the United States Inc
amendments agreed TO- ana ALSO al ahehumen'
offered by Mr.. Wilson of Iowa
Mr.. Boutwell, Mass called attention TO the Necessary
of such change in the National Banking system as VIII
prevent Collector, of Internal Revenue rom dep0siuh-
money In the National Banks Instead OF sending 10 e
Treasury at once The Government was nov paying M
erest on large deposited IN the National Banks oI
purpose whatever except 10 stimulate speculation anu
endanger public and private credit ,..
Mr. HOOPER stated that the Committee had that subject
under consideration. and would report an amendment
the National banking act which would remedy the dh-
MIR BouryELL expressed himself satisfied with that
rauee and bsaucd the case OF one Collector who had
deposits in i've National Banks, on which the banks were
receiving interest while the Government was paying IN
terest on its certificates lie thought 1t time that THIS
whole business was ended.
the views Of Mr.. Boutwell, The Treasury was the Ony
place in which public money should be deposited ne
Drcut system ONLY tended nce speculation, ana 10
produce dcrafgemcut Of trade That system was this;
The National Banks 60 into the market, and, with the
money Of the Government deposit with them buy up
the due bills Of the Government drawing six per cent H.
terest So nehrious a system could not last longer
Mr. FARyswoaTH ull mentioned circumstance
which had 10 his knowledge, where disDurslng ON
Ger in the Clty of New drew check on the treasury
for So 100 OF 800 600 deposited the amount in bank,
vhsc thecupon turned right around and lent n 10 the
Government IL is high time such system should be put
"a stop 90. The public funds should be deposited ID SUD
TT aud transferred 70 the Treasury, where inc
money could be used needed instead Of being used by
banks for speculation. ,.,
was merely 10 regulate the safe keeping of public money
intusted to disbursing officers. The Committee would
soon report bill 10 amend the National Banking law and
the discussion would apply to H. lie thought however,
that there were some purposes for which 1t was expedent
to use the National Banks repositories.
The bill was then passed
Mr. DEIANO offered resolution which was adopted, IN
sructng the Committee on Banking and Currency TO IN
nuie into The uroprety and necessity of amending the
Ranks Organized that the
rate of interest charged by such banks shall be UNIFORM
and 20 as 10 inHct upon any association attempting 70
charge more than the legal rate of nterec such penalty
a, NAV be deemed proper for the purpose of enforcing
compliance with the legal rate
A NAVAL STATION AT CLEVELAND.
Mr. BRASDAGEE, from the Committee on Naval Affairs
reported bach bin 10 authorize the President in case Of
public exigency Ia establish naval station al CcFCauui
Ohio or At other point on the north western Lakes
which was rreOmmitted aud ordered 10 be printed.
WASHINGTON TERRITORY.
Mr. WILSON lIowal from the judiciary Committee, re-
ported back bin in relation 20 tho courts OF Washington
Territory, which was read the third time and passed
AMERICAN STATE PAPERS.
Mr. HAYES Ohio, from the Committee on the Library,
rco-tod Joint resolution 10 authorize the distribution OF
sample copies OF American State papers IN the custody OF
the Interior Department II directs the Secretary TO dis
tribute 400 copies second series, II volumes as follows 10
each senator and Member set and TO such public col
lege libraries as may be- designated by the JOINT Commit
tee on the Library, set. 1t read three times ana
passed.
Tho IlOUsf then proceeded 10 the tousOtfhloh nl
bin reported on the Sd Of April by Mr. Kelley from the
Committee Oh Naval Affairs TO authorize the Secretary Of
the Navy accept League lsland IN the Delaware RIVER
Mr.. KELLEY addressed the House in advocacy Of the
bill. ,
Mr. BaAyDAGEE followed in opposition describing
League Island 80 acres Of mud bottom tnree zee, De-
low M surface OF the Delaware River al Ordinary high
tide and 100 miles from the ocean, ard quoting the resO
luton of the Naval Board which had examined II, that
IN tie opinion of the Board the public interest would
he u~0muod title To League lslaNu
naval purposes" lie represented that League isahu
would require filling Of nine or ten feet over ITS whole
area 30 a. 20 bring ~ 10 the light OF day and make rea
an island: that that filing alone would involve an eN
pcndture of million Of dollars that for all buildings
plies would have 90 be- sunk 20 great depth ana al 10
man could live the island without shaking the cOlhes
of lis back with and ague. lie moved substitute
for The bill requesting the President 10 appoint cOmnls
.ir ~ MOI less than seven compctent officer, and eug!n
cers 20 make careful examination and survey OF such SITES
AS have or nav be- proposed for an ronclad station, ana
% report t. nrres the corresponding advantages ana
ms snbsute ho said lac had submitted 70 the gentle
man from Pennsylvania Kelley, and he had then ac-
cepted b. 49,
cr,c4 nm gross and grave MISREPRESENTATION.
Mr. BRAsDAGKE asked what Misrepresentation the gen
tcman referred 20.
Mr. KELLEY replied that they were those which the gen
u.man 0iundaece. had made to him
Mr.. BRANDAGEE remarked that the matter was getting
tile personal, and was rather apart rom the SUBJECT
But be- would state that after the gentleman lheey
had presented MS bill he lBmndacee drew up his substi
gte and submitted It him. and urged on him BY the
considerations which he now urged
Mr.. KELLEY added: And by consideration llch inc
gentleman does not nov urge. He Kelley subsequently
xUued the circumstances under which he had agreed 10
accept the substitute, and had ailer"ard Withdrawn hls
acceptance He said n had been represented 10 nun tha
the OF her members Of the Committee were against he
Nm and m favor Of the substitute but he aieward found
ha thew were against the substitute and IN favor Of the
bl Ills assent had thug been procured fnudulentiy,
rs ne that word in u technical sense only.
Mr. BRASDAGEE closed bis speech by representing the
folly and absurdy Of shutting the roncad heel IN uu
hole 100 miles up the Delaware River, from when they
cod not get TO the in less than four days and
where in Winter they would be locked up IN ice: why
ne asked should they be kept therei For safetyi II
bev were competent defend themselves they could de-
fend the station where they were located Any honest
and competent commissioner would say that the irocads
should be- Kept where IN the day of naval attack they
could get ~ The defense of the coast cities for whose de-
Tense they designed and for which alone they were
of any use. . ,
the bill arguing upon the advantages OF League Island
aud the advantages Of NewLondon US station Tor IRON
clads. .,,,,,
Mr L. BLOND tOhiol. a member of the Naval Com
nittee explained that the real question at issue vas
whether or not would be of advantage 10 the Govern
ent 70 abandon the Navy Yard at locate
IN ON the new site at League Island. The Philadelphia
NavvYar was now badly situated the city having grown
bcvcnd H. The citizens anxious for IFS removal the
naval authorities were favor of It's removal and the
CITY of Philadelphia offered 10 present League Island
gratuitously 20 the Government That was the whole
question involved. and II ana not IN any sense INTERFERE
with the project of ron-clad station tai New-Lond0n
rAIr. BRASDAGEE interrupted him, TO state that the
IDEA was not simply 70 change the Maryland from one
point TO another but TO make League Island place TOT
The construction, repair and safe keeping OF ncaus'
CONTINGENT EXPENSES.
Without disposng Of the bill the House passed ron us
consideration, and Mr. Raymond from the committee on
Annronretions reported bill making appropriations TO
sv deGciencies for contingent expenses OF the House
fol he fiscal year ending June 80 1866 which was read
three times and passed appropraes for miscellaneous
items 100000; for folding documents, S7 800 for tuni-
uro and repairs and packing boxes for members sOOOO
fo1 stationary, $4,000.