The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-11-30
CONGRESSIONAL.
WASHINGTON, November 30.
SENATE.

Mr.. Sherman presented petition OF
the City Council Of Cincinnati against
any further contraction of the currency
and in favor of having the national debt
paid off in. greenbacks excepting such
bonds as are expressly pay&ble i'll gold
on their face. Referred 10 the Commit
tee on Finance.
Mr.. Pomeroy presented a petition OF
forty citizens of Wilmington, Delaware,
for immediate legislation to secure TO
women equal suffrage with men in the
District of Columbia. Referred TO the
Committee on the District.
Mr.. Morrill, introduced the following
bill
Be iteRacted, That on and after the
4th day of July 1869, the Secretary of
the Treasury he and is hereby author
lied and directed to pay III coin all
United States nOtesnnt bearing interest
and commonly called legal tender notes
which may he presented for such pay
ment at the Treasury Office at Wash
,ington, or such places as may he desig-
mated or shall be given by the Secretary
of the Treasury.
Ind be IL further enacted, That hereaf-
ter and until January lst, leg, when
ever there shall be in the Treasury OF
the United States, after paying the in
tercst and coupons falling due on the
LIST of January and July, IN each year,
and deducting from the gold certificates
of deposit any excess of coin over and
abeve the sum of seventy-fve million of
dollars, the Secretary of the Treasury
shall be authorized and required, with
in thirty days from the LIST of January
and July, as aforesaid, to sell the same
in such manner as, in his Judgment,
will promote the public interest, and he
may receive in payment thereof United
States notes of National banks of the
United States, United States compound
interest rotes, and three per cent. cerii-
ficates.
Section Third, That all national banks
having less than twenty per cent OF
specie on hand on their respective CAPT
tai shall hereafter and after July LIST '69
be and are required To keep and hold in
coin all interest received on the United
States, provided that this shall not be
so construed as to add anything to the
amount of the reserve of said banks.
Section Fourth That on and after
the fourth day of July, 1869, the national
banks shall be and hereby are respective
ly required to return and pay IN coin
on demand all their bills issued for cur
rency in denominations of five dollars
and under, when presented ut the coun
tiers of said banks, and all bills of a
higher denomination so issued and pre-
sented may and shall be paid either in
coin or United States legal tender notes.
Section Fifth, That any National Bank
which shall fail to comply with the pro-
visions of this act, so far as the same
may be applicable, shall be deemed TO
have forfeited it's charter, and the comp
troller, upon receiving satisfactory evil
dence of the same, shall proceed to
close and wind up the same as in other
cases of forfeiture provided by law. On
and in lieu of any such bank, he may
authorize new national bank with an
equal amount of capital, 20 be located
in such States as may have less than
their duo proportion of the whole
amount now authorized by law, pro-
Vided that this shall not authorize any
Increase. of the present aggregate
amount of circulation of the National
Banks.
Mr.. Morril! stated that he should press
the bill at an early day. He was in
favor of Congress graphing with all
these difficult cases of finance, aud he
had no doubt of either the purpose or
ability of Congress TO so adjust the sys-
TEN and pass such measures as would
Gn the end prove more satisfactory than
the present state of affairs of the couu-
try. He hoped all these matters would
be referred to the Committee on Finance.
The hill was laid on the table and-sr-
dered to be printed.
A resolution was offered by Mr. Con-
ness and adopted, calling on the Score
tary of the Treasury 70 inform the Seu-
ate whether the gum of 1884, $40, 03t, re-
ceived by Colonel Hubbard, as proceeds
of the sales of captared and abandoned
property, had been charged to the
Quartermaster Generals Department,
and if not, what legislation is necessary
TO effect thai object.
On motion of Mr.. Fessenden, it was
ResoIred, That all subjects before the
Senate at the close of the present ses-
sion, including those before the CON-
mittees, shall be continued to the next
session, and then be continued in some
manner as if no ADJOURNMENT had taken
place, aud the papers which had been
referred To committees, and may be
in their possession ut the close of this
session shall b. informally returned to
the Secretary, and by him returned to
the committees, when appointed, at the
next session.
On motion of Mr.. Yates. the Senate
Syent into Execntiye SESSION and soon
after adjourned.
The House was not in session to-day.