The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-18
CONGRESSIONAL.
WASHINGTON, June IL.
SENATE.

Tho Chair submitted O communion
ton from the Constitutional Conven-
tion of Texas, transmitting the resolu-
tions adopted by the Convention re-
euesting change in the law at the
earliest moment, authorizing the com
Mander of the district to appoint regis
tiers of elections. Referred to the CON-
mittee on Judiciary. sust
Mr.. Trumbull, from the committee on
Judiciary, recommended the indefinite
postponemcnt of several bills in relation
to the establishment of uniform sys7
tenn of bankruptcy. Agreed to. +
On motion of Mr.. Sherman, the bill III
relation to national currency was again
taken up.
Mr.. Cameron denounced the first Sec
ton, forbidaing any national bank from
paving interest on the balances of any
other as shaving loan got up for the
purpose of enabling the city banks to
use the funds of country banks without
paying for them. He would prefer that
the subject should be deferred until the
next session, but since it was to be con-
sidered, he moved to strike ont the first
section. .
Mr.. Chandler also opposed the first
section.
Mr.. Sprague took the floor, but was
shortly interrupted by the announce
ment of the Chinese Embassy.
Mr.. Summer presented the guests, and
the President, pro tem., made a brief
speech of welcome. Seats were as
Signed them, and business was sus-
pended for twenty minutes, dur!aE
which time there was a general h&DS
shaking and COMPENSATION through az,
terpreters with the Orientals. The k&
&ident, pro tenn. again called the Sg&Re.;
to order and the I&b&sy .retirearitS
slt ceremony.
SiraSprsgue resumed the floor and
spoks}against all propositions of inffa-
Ton He would vote for the motion to
strike ont aud hoped the whole subject
would be tabled.
SMr. Hendricks would also vote to
strike out the first section, as in his
opinioD~tte matter should be left to the
banking interest to regulate for themt
selves. ="
Shortly before two o'clock tbe'Cb<fr
laid before the Senate telegraphic>dis-
patch from the Constitutional COnven-
ton of Texas, dated Austin, June Is, for
warding the resolutions jdst adopted,
on which they ask the action of Con-
gress. -
The resolutions, after reciting the
lawlessness existing in certain portions
of the State, urge upon Congress the
necessity of authorizing the organiza-
ton By the Convention Of military
-, ha N m
connection with the Military Com
mander, in whom they express their
confidence, for the purpose OF protect
ing the lives and property of their citi-
zens, now preyed upon by assassins
and robbers, and assert that otherwise
they will be obliged TO organize for
their own defence.
The matter was referred to the CON-
mittee on Military Affairs.
After further discussion, the first sec
ton of the currency bill was struck out
by vote of 26 to IL.
Mr.. Sherman then offered his substi-
tute for the fifth section, providing that
for the better distribution of national
bank currency, an amount not exceed
ing twenty millions may be. issued to
the banking associations organized in
States and territories having less cir
culatiou that S. per inhabitant, and
that within one year the same shall be
withdrawn pro rata from the banks in
the States having an amount in
excess of their proportion under the act
of March Sd, 1864, to ascertain which
the Comptroller of the Currency is to
make statement showing the amount
he retired by each of such banks and to
make q requisition upon them, COM
meBcing with those having the largest
excess, and in case of failure to furnish
it, it is made the dnty OF the Comp
troller of the Currency to sell at auc.
ton sufficient amount of the bonds
held TO secure the circulation of such
banks.
Mr.. FesSenden moved to amend by
adding the following:
Provided, That the circulation herein
authorized shall be issued only as the
circulation is Withdrawn, so that the
aggregate circulation shall not at any
time exceed S500,000,000.
Which was agreed TO.
Nlr. Sherman's amendment was also
agreed to.
The bill then passed.
The bill now goes to the House.
After a short executive session the
Senate adjourned.