The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-06-13
THE F0RTIETH CONGRESS.
SENATE.
WASHINGTON, June 70, 1858.

WASHINGTON, June IL, 1858.
CONVERSATION FOR NAVAL SERVICES
Mr.. SUMNER (rep.) of Mass, from the Committee
on Foreign Anairs reported bill granting CON-
pensation to Walter Lowe, of Nashua, N. H., for
services rendered the United States gunboat TOga
THE CASE OF FATHER MMAHoN.
Mr.. MORTON, rep.) of Ind, reported from the same
committee a joint resolution requesting the Pres-
dent to ntercede with the Queen of Great Britain to
secure the speedy discharge of Rev. John Mcmahon,
convicted Of treason-felony and now confined at
Kingston, c. w., which was passed.
THE ELECTION TROUBLES IN WASHINGTON CITY.
Mr.. HARLAN, (rep.) Of Iowa, from the Committee
on the District of Columbia, reported with an amend
ment the bill to regulate the contested elections in
Washington, D. G. He urged its immediate con-
sderation for the purpose Of preventing anarchy in
the city.
Mr.. HENDRICKS dem) of Ind, objected and the
bill went over
THE ELECTION OF SENATOR'S.
Mr.. EDMuNDs, trep) Of W.T. introduced bill in adj
diton TO an act to regulate the time and manner Of
holding elections for Senators in Congress
SHIP CANAL FROM THE MISSISSIPPI TO LAKE MICHI-
GAN.
Lands, reported bill to aid in the construction Of
ship canal between the Mississippi and Lake Michi
gan.
WESTERN PACIFIC RAILROAD.
Mr.. CONFESS rep) OF CAL, called up the bill in re-
lation to the Western Pacific Railroad Company II
houses &C., such portions of Yerba Buena, or Goat
Island, In the Bay OF San Francisco as may be neces
Mr.. MORRILL,, trep of Vt, moved to strike out the
following words:-"And the United States shall pay
to said company, their successors or assgnees such
sum as may be reasonably due for such use and 0ccu
patton thereof-namely, of the buildings, &c.-in
time OF war;"
Some debate ensued during which Mr. MORRILL,
denounced the provision as Yankee tricS in coui-
pelling the government to pay for their own pro
perry.
Messrs. HOWARD, lrep) of Mich, and NYE, (rep.)
OF Nevada, defended the BILL the latter asserting
that the company will make improvements worth
two or three Millions and that they should be remu-
nerated for such occupancy
Mr.. CAMERON, rep.l of Pa, also opposed the bin,
giving notice that when II Is in order he will move
To amend, by allowing all railroad companies alike
such occupancy. He produced the report OF General
Humphrey, Chief OF Engineers, on the subject, which
After a few remarks from Mr. CONFESS in defence
Of the BILL defying scrutiny as to its Justice it was
laid aside at the expiration OF the morning hour.
THE NATIONAL CURRENCY BILL.
On motion Mr.. Sherman's bill, supplementary to
IAN act to provide national currency secured by
pledge of United States bonds, and to provide for
circulation thereof" approved June 1864, was taken
up. The question was on amendments by the Com
mittee on Finance. The first amendment was adopted,
making the limitation restricting the liabilities OF in
dividual companies &C., for money borrowed OF
the national banking associations applicable to de-
posts made by such associations with private bank
ers, brokers, or banking associations not included
under the National currency act.
The second amendment provides that within ninety
days after the notice Of vote to quidate by share
holders of a national banking association 1t shall
United States Treasury and take up Its bonds which
otherwise are TO be sold by public auction in New
York. the surplus TO be paid to the officers The as
sociatons already in liquidation under such act are
TO pay over IN thirty days, under the same penalty;
the notes TO be then redeemed al the United states
Treasury and the associations to be discharged from
liability.
1t was amended, on motion Of Mr.. HOWARD, by
making the auction at the Stock Exchange, and
adopted.
Tie third amendment provides for compensation
TO receivers OF national banking associations OF three
NOR cent IN no
per cent upon larger sums not exceeding five hun
dred thousand dollars and one half of one per cent
| on sums over five hundred thousand dollars coec-
tors TO be paid out OF the receipts from the assets
one half Of the commissions 10 be withheld at the
Comptroller's discretion until the affairs OF the bank
c.osed such receivers to be considered as gov
ernment agents, with the right to bring suits IN
| United States courts, the district judge to nix the
fees for such receivers.
| Mr.. CAMERON moved to reduce the percentages
named TO two one and one-qnarter OF one per cent.
| Mr.. SHERMAN, (repl OF Ohio said the committee
had settled upon the commissions given to collectors
| Of internal revenue as proper
| Mr.. WILSON. (rep.l of Mass, moved to strike out
millions for States and Territories having less than
So per inhabltant, and insert clause increasing II &c
one hundred millions and reducing greenoacks one
hundred millions.
Mr.. MORRILL, prep.) Of Me-, opposed It, and moved
TO add proviso that the Secretary of the Treasury
| shall be authorized to withdraw an equal amount 0
| United states notes.
A long discussion followed. and the amendment
was adopted by the following vote
YEAs-Messrs Anthony, Buckalew, Cameron, Chandler
Cole conking oraEn 6sv,s Ldmsnss Ferry POWER
| Yates@2s
Fessendcn Freinghuysen, johnson, Morgan NORTH q "
Morton Ross sherman, sumner mayer van "nAe
| Mr. FERRY, rep.) Of Conn.,, moved to amend BY
| inserting after the provision authorizing the re
cevers to bring suits the words and may nnv ,s
United states while the AFFAIRS or the pahk are no
| In liquidation, which bonds shall be deposited VIII
the Treasurer Of the United states, subject 10 I'M
| order OF the Comptroller Of the Currency; ant
| the receivers ehall also make report 70 th'
Comptroller OF all their acts ana am
| from time 10 time In order TO make the dIVdenu
and payments provided for In the hftieth section 0
the act to which this act is Supplementary
The amendment was agreed 10 and the section a.
amended was agreed TO.
| on the last amendment, TO increase the nationa
currency circulation by the Of $40 900, 0O0 to bt
| confined to States and Territories having circua
tion Of less than So for each inhabant Mr. Wii.sol
| moved to amend by inserting after the WORDS TN
| sum Off the following
One hundred million dollars and In issuing said crcuatin
sn a be Country 70 not s
With banking facilities but, whenever the amount Of Unite
IN; q @
saa cancel zee states sSs
!snt Of s, such excess until the whole amount 9
.s sasss:s md afss '; %'Iea:: q Collar: Ana
.Snpon specie ,ST :as pS Interest
each Sanfns s.soc,on upon bonds owned and deposs
ciaton shah be held fund until the said banking
association shall redeem In coin the currency issued BY
and said specie fund shall for otbe
purpose than for the redemption Of said currency.
The amendment discussed at some length b.
| Meesrs Sherman, Conkng, Fessenden, Wilson
| Pomeroy and others.
Mr.. WILSON asked division Of his amendmen,
the question being on the first part which was los
| without division.
Al the suggestion Of Mr.. SHERMAN Mr.. wiLsol
| then Withdrew the latter part
l MT MORRILL,. OF VT, moved to amend by addin
AT the end OF the section the words and on the
Of any increase OF national circulation provided 70
y | in this section the Secretary Of the Treasury
l. l hereby authorized and required TO permanent
withdraw an equal amount OF United States notes.
After further discussion, at hali-past four O'CLOCK
i Oar W int