The New York herald., 1868-06-18

The motion TO strike out was agreed 10 BY Q vote
OF 70 to II, as follows m
c, Anshon B.cfssw Chandler
.,oSn hs1Sss' Howard Howe nScrss 1S maro o.
sprseas sssSar TrunSu viessss, Wade and Yass~as
Sls Cs,ss rsssenSsn Hsnds5s0n hSTysn,
and WiIson-ii '' '''"''' 'p''"' :" "'-''' "'''
Mr.. FEEYLINaHuYsEN, lrep.) Of NJ J., who would
Mr.. williams, who would have voted nay, with Mr..
Thayer.
Mr.. SHERMAN then offered his substitute for the
fifth section, providing
That for the better distribution OF the national bank
rency an amount exceeding twenty millions DO
tories having banking circulation dollars per
sSa ss % Ss n w
an amount IN excess Of their proportion under The ACT OF
renew is to make statement showing the amount TO be re-
In case Of failure to furnish made the duty of the Comp
Of the bonds held the circulation of such banks
The bill having passed through the committee Mr..
MoRRlLl, OF w., again offered lls amendment,
and insert THAT upon the issue of any such national
circulation provided for in this section the Secretary
OF The Treasury is hereby authorized and required to
permanently withdraw an equal amount OF United
States notes."
Rejected without division.
Mr. FEssENDEN (rep.) OF Me-, moved to amend by
adding the following:-"Provi that the circua-
tion herein authorized shall be issued only as crcu-
shall not at any time exceed $500, 100000" which
was agreed to.
Mr.. RAMSEY, (repJ OF Mnn., offered an amendment
proposed, he said, by the Comptroller Of the Cur
rency as an additional section, authorizing changes
OF name or location by national banks upon applica
tion to the Comptroller of the Currency and public
notice given, which was rejected bya vote OF II to
Mr. DAVIS offered the following as an additional
section -
Ths! ali laws imposing any "a. upon the srsaaSn notes
the same are hereby repealed.
IL was rejected without division.
The bill then passed by the following vote
YEAsaM Messrs Bnckaew, Cattel, Chandler Cole Cragin
Daais, Doo;tle Ferry Harlan, Henderson, Howard Nc
@ Ross shsrmes Stewart Sumner Van winke
NXls-Messrs. Anthony, Bayard, Cameron, Conking,
Edmgnss Ts,ssndea Msadrics; Howe Morgan sbrasns
Mr. Morrill,, OF Vt, who would have voted aye was
paired with Mr.. Morrill,, OF Me-, opposed.
The bin now goes to the House.
The following is the bill as passed.
SECTION Be enacted, &C., That every national bank
ing association selected depository of public moneys
rensy deposit United States security for
such deos: and whenever the public moneys deposited In
yHpe Of ne bends held S The sa,Sser
ceedns ninety per cenam Of the bonds Deposited as herein
for he Of obsna or renoa Gr
public moneys If any agent OF the government
% s % nS oh o
such & oaer or sn. be deemed guilty Of mist
Of less than $1,000 imprisonment for not ess
osoo as1 ons Of s so more than e or 0 in the dis
sTo 3 And Dc further enacted, rha. foy-two of
the date Of the notice served the Comptroller
section the said association shall Of
in lawful money. OF !he United States and take
with the treasurer for the security Of s aeRUs,. erc
a'ips notes which bonds shall 6s assigned bank
y defaul! which the Comptroller shall sell said
in the city New York and from the proceeds thereof shall
over % the Treasurer Of the United States
such az and h s psy
ton which gone into aiaon snder
the provisions .s. Sf the section t9 =, which Gi.
equal IN a%oans,o its outstanding CIRCULATION within
fault Of which sold as above provided and
from that time the shall be the
the sharshodsrs thereof shall be discharged from ali liability
affairs for the purpose Of consolidation with another BANK M
shall not IT, Dc % to pay to s 0 the United
money, shall bonds be sold provided
pointed ia sceOraance with The provisions Of the National
OF s56 per and in addition thereto commission
onesa upon sidSS 1''n'SD not es
ssssns q % a aS OF be-
Iscea, which salary and eO%msslon shall 6s paid
moneys froW bank so in the hands
S s may % n s M o. s the
until the affairs Of the bank finally closed which
oe has shall be Se
a. sD BY ~ The S of s according e
be considered ia as officers or agents Of the govern.
the %sn "a haze the and sh m.y se tn: suit: in
q the ban bank in their S hand. in bonds Of the United
bonds shall be deposited with the Treasurer Of the United
and the receivers shall also make report Compoer
Of all their acts and proseednss and the Comptroller shall
make dividends payments provided in the ftetb
q the ret o se hs S
which such suits are brought shall hx the fees
due to the amount OF labor performed and to the
That 70 better distribution Of the national
banking curreMy there be issued circulation notes
having ess national banking circulation than hve dollars
exceed s9o0OOooO circulation herein authorized
SHALL within one year. be withdrswn rata from banks
Sided !oT BY The act o March s. 1850 entitled IAN act to
% By pledge ' of GG s and 10
provide for the circulation and redemption thereof ascer
statement showing circulation retired by
the largest OF crcuaton and upon failure of such
s % be- the y OF the he yna
roer of abe Currency to osn, ss public ,n aSs
deposited by said bank security it's circulation equal to
the to redeem 50 many Of notes Of such bank
they into the Treasury will equal the
lied shall Sc issued only as the circulation is Withdrawn 90
the aggregate Of circulation shall any exceed
S3OO,0O0,00O
EXECUTIVE SESSION.
Mr.. HOWARD, trep.) OF Mich, tried to call up the
bill relative to the Union Pacific Railroad Company,
but motion to go into executive prevailed.
In the meantime the bill for the removal of polit
cal disabilities came over from the House with the
request for Committee Of Conference the amend
ments, which was ordered
After short executive session the Senate ad-
journed.
HOUSE OF REPRESENTATIVES,
WASHINGTON, June II, 1865.
KENTUCKY CONTESTED ELECTION CASE.
Mr.. Cook, rep.) OF ILL.,. from the Committee on
Elections, made report in the contested election