Evening star. [volume] (Washington, D.C.) 1854-1972, 1868-06-02
FORTIETH CONGRESS,
This Afternoons Proceedings,
TuEeDAr, June 2.


nual report Of The Commissioner Of Educatiou
printed. '' 60
Also, communication from General Gran,
that no papers whatever relating 10 the Ark
ansss election hae been received al the Arm,
headquarters since May4.
Mr. Sumner, from the Committee on Foreign
Relations, asked to be DISCHARGED from the fnr
ther consideration of the resolution giving m,
consent of Congress to the acceptance by Mr
Buriingame Of the mission rendered him by th,
Chinese Government sF
Mr. Sumner said Mr.. Burlineame had re
sig ned the omce which he held under the Uni
ted states, and was q private citizen when b,
accepted the Chinese mission, and Congres,
had nothing to do with it.
The ccmniftsee were also. on motion Of Mr.
Sumner, discharged from further consideration
OF number of memorials and documents
Mr.. Conness asked what had been done with
the House bill to protect the rights of natural
lied citizens, and when the committee would
report on It. He had many ANXIOUS inquiries
on the subject. 'rs -
Mr.. Sumner replied that the events of tins
last few weeks had somewhat retarded the La.
bors Of the committee. but he would cay thai
the committee proposed to take up the bill n
their next meeting. r.
Mr.. Morton, from the Committee on Militarv
Affairs. reported, with amendment the ioin,
resolution to authorize the distribution of pub.
lie documents to the National Soldiers Asv.
inm The amendment was agreed to, and the
MIR. TrumbuM, from the COMMITTEES on the
Judiciary. reported. with amendments the
bill to admit to representation in Congress
North Carolina, South Carolina. Georgia Al
ALBANIA, Louisiana, and Florida
Mr.. Patterson IN H. introduced a bill sup.
Elementary to the act incorporating the News.
boys Home. Also, bill 10 incorporate the
America Fire Insurance Company OF Wash.
ington; both of which Were referred to Com.
mittee on District OF Columbia
Mi. Edmunds introduced q Joint resolution
to exclude from the Electoral College the votes
m
been reoi ganized. Referred to Committee on
Judiciary art.-s s.- =
MIR. Sherman called up the bill supplements.
nv 10 the act TO provide a National Currency.
secured by pledge of U. s. bonds, &C., with
amendments. n ~ 80 = $50
Mr.. Sherman stated that the Finance Com.
nItee proposed no radical change in the act as
II now stood, but had reported these amend
mests to correct abuses which had grown up in
the Banking System.
Mr.. Cameron moved to postpone the bill
Mr.. Cattell said it was very important tha,
the bill should be taken NY al once
MIR. Cameron said the Senator Mr. Cattell)
lived in the city, and was of course Interested
in the matter. but he Mr.. Cameron lives in the
country and did not care about il.
Mr.. Sherman said there was NO prospect of
acting en- this bill at all. without il was taken
up al once The whsle system depends upon
The prohibition of the payment of interest on
the bank reserves. The bill was not i'm the in.
terest OF the city banks; 1t was for the protec.
tion of the country banks. If something was
not done there was imminent danger that the
whole system would perish.
MIR. Cameron wanted the whole question of
finance and currency to go over until next
year. The country was getting along very
well now; our bonds were daily going nm.
there Were demands for them, and we had bet .
ter let well enough alone.
Mr.. Frelinghuysen hoped the bill would NOT
be acted upon this session. He thought it
would inevitably destroy the country banks
Mr. Sherman said the Senate had SO tar re-
fhsed TO act upon financial legislation, and
seemed disposed to avoid ii this session. The
Finance Committee had considered all the
propositions with care: some OF the proposi.
uons We're revolutionary. but this one had been
reported at the earnest solicitation of the Sec
Ietary OF the treasury and the Comptroller of
the Currency. If the Senate postponed il now
be should not attempt to call it up again. All,
the money Of the West was now drained TO New
ork, the banks violating the law by loanine
out their reserve. and il we were apywhere
near their payment this fact itself would blow
up the whole system. One of the most palpa-
BILE abuses Of the banking system ls the fact az
national banks winding up without paying
their liabilities. Their circulation is dostins
all over the country: they draw interest on in.
they come here and draw the rold interest on
their bonds, and all the time they are NOT doing
any business at all He had now letter from
the Comptroller of the Currency to this effect.
Again, the amendments propose to limit the
salaries OF receivers of banks. The State courts
now allow enormous commissions to receivers
not q single national bank, and were cryip9
out tor an equalization Of the circulation. and
the committee had reported in favor of
increasing the circulation to the amount of
S2O,OOO.OOU. There would be much more clamor
il this necessary legislation was avoided thai
II IL should be taken up. He was in favor OF
taking up this question OF the finances, and
debanng II fully and fairly. 1t would probably
be better to discuss At time when 1t could BE-
separated from politics, but the situation of the
country would not now justify any postpone.
ment. The adoption Of this bill would restore
the banking system to what II was intended To
be. Ii simply corrects gross and paIpable
abuses which have come to light, but made NO
radical change in the system. and this attempt
to postpone the bill as dodge
Mr.. Cameron did not like the word dodge
He was not engaged IN stock specuIauons. So
that if the Senator referred to MIN, he was
mistaken.
Senator. but to the banks.
Mr.. Cameron.--At all events, it is not very
polise to use such word. -
Wr. Z. then replied to the arguments of Mr..
Mr.. Corbett moved to make the hill the
special order for tomorrow.
MIR. Trumbull hoped there would he no
special order for To. morrow as il was very m, :
portant that the bill for the admission OF tns
rebel states should be taken up. He hoped the
Senate would 60 on with these bills as rapidly
as possible.
Mr. Corbett then withdrew his motion: and
the motion of Mr.. Cameron, to postpone the bill
until Tomorrow, was agreed TO.
Mr.. Trumbull introduced q bill in addition
to the act of 1874, to punish certain crimes
against the United states. Referred to the
judiciary Committee.
Mr.. Morgan introduced bill in relation to
nsolyent banks, which was laid on the table
and ordered TO be printed. -
Mr.. Edmunds called up the bill to provide
tor appeals to the Court of Claims.
Mr. Edmunds moved to amend by providing
for the appointment of two assistant attorney
generals, and to abolish solicitors and deputy
solicitors for the Court of Claims; which was
agreed to.
HOUSE OF RRPRRsENTATIvEs.-Th Speaker
lald before the House q comm nication from
the General OF the Army, transmitting the fur
ther report Of General Meade in relation to the
election under the reconstruction laws in
Georgia, and two general orders relative 20 the
elections in North and South Carolina. Refsrrrd
to Committee on Reconstruction.
Also, presented the annual report of the Com.
missioner Of Education. Referred to Com.
mittee on Education and Labor. fTr :
Mr.. Upson (Mich.) presented q minority
report in the case Of Mckee vs.. Young Laid
on the table aud ordered 70 b prinrad.
I Mr.. Washburne wis. presen ted q ,oint res
Foreign countries. Referred 70 COMMITTEES on
Mr. PoIsley fW. Val introduced a Joint reso.
lution providing for the removal OF TIE q iect-
rnent suit in rvlation TO the Harpers Ferry pro.
per ~. from the Circuit Court Of West Virginia
to the United stars Circuit Court. Referred to
Corumiuee ON Jvdicsary. - <iis "a d :
On molten OF Mr. Schohsld. {Pa-) the House
proceeded to the consideration Of the resolu.
don reported from the Oommiitee on Elecfions
declared Mr. Dehno entitled to the sat ro-
held by Mr. Morgan from the 18Th Ohio IIis.