Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-11-30
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WASHINGTON, Nov. 29.-Mr. Sherman
presented petition from the City Council
of Cincinnati against the further contrac,
tion Of tho currency, and in favor Of having
the national debt paid off in greenbacks,
excepting such bonds as are expressly
payable in gold on their face. Referred to
the Committee on Finance. .sI-
Mr.. Pomeroy presented petition Of
forty citizens of Wilmington, Delaware,
urging immediate legislation to secure to
women equal suffrage with men in the
District Of Columbia. Referred TO the
Committee on the District of Columbia.
Mr.. Chandler offered the following Joint
resolution
Whereas, we are at peace with all
foreign powers and States, and hostihties
have unhappily commenced between Great
Britain and the King of Abysinia aud,
whereas, We being at peace with the gov
ernment of Great Britain and the King of
Abysinia, therefore, "'
Resolved, That we do now declare
our determination to maintain a strict
and impartial neutrality in the con-
test between the said contending par.
| ties, granting TO the flag of each bellige-
rent the same rights, privileges and immu-
mites, both on land aud water.
Mr.. Chandler said that is a verbatim
copy of proclamation issued on the l4th
of May, 1861. Simply change the names
| of the United States to that Of Great Brit
! ain and the Confederate States to Abysihia,
and presume there will be no objection to
| it. '@s7i
The resolution was then read second
time.
Mr.. MurrilI introduced the following
bill:
Be it enacted, that on and after the 4th
day of July, 1867. the Secretary of the
Treasury be, and is hereby authorized and
donated to pay in coin all United States
notes bearing interest, and commonly called
legal tender notes, which may be presented
for such payment at the Treasurer's Office,
at Washington, or such places as may be
designed or shall be given by the Secretary
| of the Treasury.
Section 3D. Be it further enacted, that
hereafter, and until January lst, 1869,
| whenever there shall be in the Treasury
of the United States, after paying interest
on coupons falling due on the lst of January
and July in each year, and dedueting
from the gold certificates of deposit any
excess of coin over and above the sum of
! $25, 1000, 900, the Secretary of the Treasury
shall be authorized and required, within
thirty days from the lst day of January,
| and July. as aforesaid, to sell the same in
such manner as in his judgment will best
| promote the public interest. He may re-
ceiye in payment thereof United States
notes and national banks of the United
States, United States compound interest
notes, United States per cent certificates
Sec. 8. That all national banks having
less than twenty per cent. Of specie on
hand on their respective capital, shall
hereafter, and after the LIST of July 1867,
be and are required to keep and hold in
| coin all interest received on United States
bonds, which may be deposited by them
according to law, with the Treasurer of
the United States, provided this shall
not be so construed as to add anything
to the amount of reserve of said banks
Sec. 4. That on and after the 4th day of
| July, 1869, all national banks shall be and
are hereby respectfully required to retain
and pay on demand all their bills under
| the denomination of FIVE dollars and under
when presented at the counters of said
banks, and all bills of higher denomina-
ton so issued and printed may and shall
be paid either in coin or United States Lee
gal Tender notes.
Sec. 5. That any national bank which
shall fail to comply with the provisions OF
this act so far as the same NAV be applica-
bic shall be deemed to have so forfeited lis
charter, and the comptroller, when
receiving satisfactory evidence Of the same
shall proceed to close and wind up the
same as in other cases of forfeiture pro-
| vided by law, or in lieu Of any such, may
authorize a new national board, with an
equal amount of capital, to be located in
such State az may have less than their due
proportion of the whole amount now au-
thorized by law; provided the bill shall
not authorize any increase to the present
aggregate amount of circulation of national
banks.
Mr. Morrill, stated that he should press
the bill at an early day. He was in favor
of complying with all these difficulties OF
finance, and he had no doubt of the pur-
pose or ability of Congress to go adjust the
system and pass such measures as 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 Finance. The bill
was laid on the table and ordered to be
printed.
A resolution was offered by Mr.. CONFESS,
and adopted, calling on the Secretary of
the Treasury to inform the Senate whether
the sum Of So, 345 1904 received by Col.
Hubbard as proceeds of the sales Of cap
mred and abandoned property, had been
charged to the Quartermaster Generals
Department, and not what legislation is
necessary 10 effect that object
The bill introduced by Mr.. Nye. to reg
uate the election Of officers in Washing
ton, was referred to the Committee on Dis
trict Of Columbia. es.t-5l.
On motion of Mr. Edmunds, o. &. Dun
bar was released from arrest, having purged
himself from contempt on appearing before
the Committee on RetreEchment.
/ Mr.. Pomeroy introduced bill similar
to the one heretofore introduced by him
providing for a new mode Of eleeting prin-
cipal officers of the corporation of Wash
ington. Referred to the Committee on Dis
trict Of Columbia
On motion of Mr. Fessenden, it was re-
solved that all subjects before the Senate
on the close of the present session, IN
GLIDING those before committees, shall be
continued to the next session and then be
continued in the same manner az if no adj
journment had taken place, and papera
which had been referred to committees and
may be in their possession at the close of
this session, shall be returned to the Score
tary and by him restored to committees
when appointed at the next session.
On Emotion of Mr.. Yates, the Senate
went into executive session, and soon after