The national Republican., 1867-11-30
propo..d I.e,sia,,on for the District.

Proposed Lsgisiation for the District.
Senator NrN Of Nevada, introduced in the
Senate yesterday the following bill. II was re-
rcrred to the Committee on the District OF Co.
iumbiai
An ACT 10 regulate the selection OF ofcers IN the
city Of Washington, District Of Columbia, and
BE- easeiis, H. Tha, 81 shah be the duty of
Columbia, the Board OF Aldermen, and the board
OF Common Council thereof, to assemble In joint
convention at the City Hail. in said city. on the
hrst Monday In August in each year, and select
by ballot all officers whose appointments are
now authorized by the charter, or by any law OF
city, or which NAV " hereafter I N 0s be- authorized
thereby Provided That when so assembled they
may abolish any Of the offlces now established
the duties connected Herewith, or fie compen-
sstion thereof, as they may deem proper or nee
essary. for the interests Of said cityi And pro
ridei further, That no person shall be regarded
as Incompetent to hold any Of said otfiees, or be
disqualified therefor, who is qualified eleetor
SIC. 2. And BE- q further enacted, That In all the
meetings of the Mayor Of the city Of Washington
and Of the Boards of Aldermen and Common
section Of this act, the Mayor or the president of
either of said Boards shall preside, and the sec:
retaries Of said Boards shall act as tellers, and
keep record Of the proceedings; and the Mayor
or any member Of either Of said Boards may nom.
mate one or more persons for the Offices required
TO 1s ~ Snd me SG ss
lected, and a certificate of his election shall
within five days be made out and be signed by
the presiding officer and secretaries, and be trans
mitted to the person selected, who shall within
ten days thereafter enter on the discharge OF the
duties Of his office.
SEC. 8. And be Il further enacted, That all ques-
tions arising In the joint convention authorized
by this act shall be determined by majority of
the votes OF the members thereof present at any
Of its mpptinRas and ~ ahall have IN ad-
journ from time TO time, until all the duties i'm
posed upon II shall be completed, and to require
OF the persons selected for any office security, as
Sec. l. And BE- Il Further enacted, That all acts or
parts of acts inconsistent herewith, and the
same are hereby, repealed.
Mr.. Morrill,, of Vermont, yesterday introduced,
In the Senate, the following bill; which was Or
dered to be printed and laid over for further con-
sideration:
Be u enacted, &C., That after the 18th day of
July, 1859, the Secretary OF the Treasury be, and
he Is hereby, authorized and directed to pay In
coin all United States notes not bearing interest
and commonly called "legal tender" notes which
may be presented for such payment at the
other places as may be designated, ofwhich pub
lie notice shall he given by the Secretary Of the
Sec. 2. And be Il further enacted, That hereafter
and until January l, 1899, whenever there shall
be In the Treasury Of the United States, after
the lst Of January and July OF each year, and
dedueting gold certificates Of deposit, any excess
OF coin over and above the sum OF seventy-hvt
millions of dollars, the Secretary of the Treas
| ury shall be authorized, and is hereby required
| within thirty days from the lst OF January ant
July as Aforesaid, to sell the same In such man
| ner as In his judgment will best promote tn,
public interest, and may receive in pay therefor
| United states notes, notes of National Banks o.
the United states, compound interest notes, ol
| United states three per cent certificates.
| Sec. .. Be II further enacted, That all NhtionA
Banks having less than 20 per centum in speci,
| on hand OF their respective capital, shall here
after and until July LIST, 1sG9 be required to keel
and to hold In coin all interest received on Uni
| them, according to law, with the Treasurer o
the United States: Propided, That this shal
| not be so construed as to add anything to tn
amount OF the reserve now required to be he'll
by said banks,
See. I. And be u further enacted, That on and al
ter the 4th day of July, 1909, all National Bank
| shall be respectively required, and hereby ar
| required to redeem and pay in coin on demanI
all their bills issued as currency of the denom
| nation Of Ave dollars and under when presente
| higher denomination so issued and so presented
may and shall be paid either In coin or in Unite
States legal tender notes.
| Sec .. And Dc further enacted, That any Ma
| tionnl Bank which shall fail to comply with tn
provisions Of this act, so far as the same ma
be applicable, shall be deemed to have forfeite,
| Its charter, and the Comptroller OF the Currenc
| upon receiving satisfactory evidence OF TIL
same, shall proceed to close and wind up tn
| same as In other cases Of forfeiture provided b,
law, and in lieu OF any such bank may authoriz
| new National Banks, with an equal amount o
capital to be located in such States as may hav
less than their proportion Of the whole amour
now authorized by law provided that this shal
gregatc amount OF circulation OF the NatlonR
| Banks.