The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-30

hand. on their respective can tai. shait
hereafter and after July lst. 1863. be, and
are required to keep and to hold in coin
all interest received on United STATES
bonds. which may be deposited by them.
according to law, with the Treasurer of the
not be so construed to add anything to the
amount of the reserve OF said Banks.
Sec. 4th. Thaton and after the 4td day nt
July, 1859 all National Banks shall he
and hereby are, respectively required 10
return and pay in coin, on demand. al
their bills. issued for currency, Of the de-
nomination of -five dollars and under,
when presented At the counters of sai'
Banks, aRd all bills of a niger denominn-
tion so issued and presented may a.
shall be paid either in coin or IN United
States legal tender notes.
SEC 5. That any National Bank which
shalt fail to comply with the PROVISIONS oi
cable. shall be deemed to have forfeited p
charter; and the Comptroller. upon r--
cetving satisfactory evidence Of the sa5 a5nc-
shall proceed to close and wind up the
same as in other cases OF forfeiture pre-
vided by law, and in leu OF any sucA
Bank may authorize a new MAI t0u1t
Bank. with an equal amount of capital,
70 be located in such state as may have
less than theirdue proportion OF the whole
amount now authorized by law: Procided
this bill shall not authorize any Increase
of the present aggregate amount Of circu-
lation of the National Banks.
Mr.. 10 orrill stated that he should press
the bill at an early day. He was in favor
of complying with all these difficulties OF
lQaHce, anu ne Iau-n no QOuDb OF eALneE llt
purpose or the ability of Congress to so adj
just the system and pass such measures -
would, in the end, prove more satisfactory
than the present state of affairs in the
country. He hoPed all these matters
would be referred to the Committee on FL
nance. Bill laid on the table and ordered
printed.
A resolution was offered by Conness. ana
adopted, calling on the Secretary Of tie
Treasury to inform the Senate whei her
the sum of S334, ,529, ,O34 received by Colone,
Hubbard. as the proceeds of sales OF cap
tured and abandoned property, had been
charged to the Quartermaster-Genefa erals
Department; If not. what legislation was
necessary to effect that object
A bill was introduced by Mr. Nye. to reg
ulate the selection of officers in Washing
ton, and referred TO the Committee on the
District of Columbia.
On motion of Edmunds, o. q. Du bar
was released from arrest, having purged
himself from contempt on appearing be-
fore the Committee on Retrenchment,
POmeroy introduced bill similar To one
heretofore introduced by Hili, pr vidfng a
new mode of selecting the principal Off
GERS of the coporatlon of Washington. ke
ferred to Committee on the District of Coz
lumbia.
On motion of Fessenden, 1t was resolved
that all subjects before the Senate on The
close of the present session, including those
before committees, shall be continued TO
the next session. and then I've continued
IN the same manner as II no adjournment
had aPen place. and the papers which had
been referred to committees. and may be
in their possession at the Close OF the ses-
sion, shah be returned to he sec efary,
and by him restored to committees when
appointed at the next session.
On motion OF Yates, the Senate went
into executive session, and soon after ad-
iourned. 6srf ~