The New York herald., 1868-05-30

III default OF winch De sofa
at auction in New York and the proceeds applied 70
the payment OF their outstanding circulation; that
any association which has heretofore gone into qui
daon under the provisions OF the section now amend
ed shall take up Its bonds within thirty days from
the passage of this BILL unless its liquidation be for the
purpose OF consolidating with another bank. That
receivers of national banking associations shall be
considered officers OF the government and have the
right to bring suit in the United States courts and
shall receive salaries OF 500 per annum with COM
missions Of three per cent on the first hundred thou
sand dollars OF their recepts one per cent on sums
thousand and One-haf OF one per cent the excess
above the last named amounts also that the Limitation
which restricts est the liabilities o. 3 Of Cpp0
oneenth OF the capital Of said associations shall be
extended to deposits made by such associations with
private bankers brokers or associations not organ
ized under the National Currency act.
These provisions are substantially in accordance
Of Currency to the chairman Of the Finance Com
mittee. A recommendation to make provision for
allowing the national banks to change their name
THE COASTING TRADE.
Mr.: CHANDLER lrep.l Of Mich, called up the bin to
eastern and Northwestern frontiers.
Mr.. FEssENDEN, (repl Of Me-, made some remarks
intmating that the bill had not received sufficient
consideration from the Committee on Commerce. as
had been ntmated by the Senator, and ought TO be
referred back to them. He thought the opinion Of
the Custom House officers on this subject should be
considered in regard to the great reductions made In
the revenues. He hoped it would be recommitted to
Mr.. CHANDLER said the Senator could make any
deductions In whatever language he chose; he would
make no objection to anything he lMr. Fessenden)
might say The BILL he repeated, had been carefully
considered by the committee for about three months
and he had brought it to their attention at nearly
the Treasury ON the subject had been received
though they had doubtless deferred somewhat
to his greater familiarity with the subject, ne
the last thirty years. The committee had reported 1t
Unanimously. He Ndr. Chandler) understood the
subject much better than did the Treasury clerk who
had made the adverse report. He explained the
course OF commerce on the lakes saying 1t s entirely
different from ocean % navigation boats having to
ten barrels OF freight The Custom House officers OF
Michigan approved Of the bill, and they received
ample compensation. The reductions made by the
bill were trinng, averaging not over five per cent.
Mr.. TRUMBULL, (rep) OF ILL.,, urged the passage Of
the bill. II any Objectionable features appeared
amendments could be offered.
THE WASHINGTON CITY CHARTER.
At this point the bill to extend the charter Of the
city came from the President with the announce
ment that it had become Q law by the lapse Of ten
days since Its receipt by him. The announcement
ELECTED smile on the republican side.
CONSIDERATION OF THE COAsTING TRADE BILL RE-
sUMED.
Mr.. FEssENDsN replied briefly to Mr.. Chandler,
saying he had been told by members Of that COM
of the chairman S man Sr Mr. cSsndsT upon which, stand
action lie sent TO the Clerk to have read the opinion
The CHAIR-The morning hour has expired. and
the unfinished business Of yesterday is before the
THE ARKANSAS RksroRITIoN BILL.
MT HAELA ep OF Iowa W. tn the ss senate mate
sideration of bills relative to the District of Columbia
MT. TRUMBULL hoped the Senate would not ad-
journ tonight until the pending bill to admit Arkan-
Mr.. HARLAN moved to lay aside the Arkansas bill
for the purpose Of considering bills OF the nature In
Mr.. SUMNER favored the motion, saying that q
number Of Senators now absent desired TO address
Tho IN sioof nf IN afr oQ1n nj r.
kansas,
Mr.. WILSON hoped the Arkansas bin would be
datsy uP by aan the other SIX
in order that the loyal people may be protected.
Compared with this the business Of the District was
Mr.. MORTON, (repJ Of Ind, took the same view,
adding that II 1t proposed to legisate in regard
to the streets Of washington he would be willing to
mr.. BUcKALEw said that he intended to ask unani-
nous consent to oer resolution calling upon the
General of the Army for further Information IN re-
gard to the election in the State OF Arkansas OF the
existence Of which information he only learned re-
Gently. He hoped that the bill would be laid over
until tomorrow for the purpose Of procuring the In
Mr.. TRUMBuLI asked what further information
was required than the report OF the general COM
manding the district and the constitution before
themf This said he, is the great question that the
WarMtRe Reorganization Of these rebel states. /
listened yesterday to two hours speech made by
senator ITO from s,nq, &c sss S
States-teing Of military rule and despotsm and
disorder and violence. Now, let the Senator from
nise sivii I'M form m Of government tn in T Arkansas
and the other six States that shall dispense with
what they call military u A dssPotism; Congress y
To the earliest reeetablishment OF civil government
in the rebel States that is practicable with safety to
Every consideration urges It, and justice requires it
Justice to the loyal people whom We have encouraged
Of s State &c governments When they have made that
laws, got through with their labor Of
Conventions to form constitutions, and have com.
| piled with every condition which you have pre-
Snr that I Wss possbc for them To do under yog
laws, with what face can we sit here and lay aside
this question which we have oil sought to bring TO an
ton that has been imposeds what win you
have these nsSpf r% this wsC
ernment, and how, let me ask, Is gov
to mpose new conditions or reject this new constu
ton refuse to act upon II; viii you pass another
law and tell the people OF Arkansas TO form another
constitutionS When they have done IL will they be
in any better condition than they are today vii
the Congress then in session consider Itself under
the the measures that we shall inaueurates Mr. Trum
| bull closed by again calling upon Mr.. Buckaew tS
specify what further information ne desired and by
Of this the most important question that could come
i before them.
Mr. BUCKALEw replied that General Gleu
had not reported the constitution adopted, but onl,
that according to the returns sent him particula
result Is reached and that without waiting further
he forwards oil papers In his possession on the sub
ect; but II was known that that gentleman sent al
| officer to Little Rock, who made some importan
| Inquiries, the result OF which, from the date OF th
| report could not have been included In It. II,
| (Mr. Buckalew) understood also that part OF tht
documents submitted in the report were not official
Mr. Buckaew cited other instances OF Irregularities
| and said he believed the additional Information
could be furnished in q very short time.
After some further debate upon It's propriety Tn,
motion Of Mr.. Harlan was reected-yeas IL, nays "a
Il INVITATION TO VISIT MOUNT VERNON
The CHAIR laid before the Senate communication
from the Regent OF the Mount Vernon LADIES' Asso
cation rendering TO the Senate invitation to vsi
| Mount Vernon tomorrow, leaving at four O'Clock
M. and returning by moonlight. Laid on the table
II THE RESTORATION OF ARKANSAS.
II Mr.. RnCKALEW offered the following. To which Mr.