Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-01-22
LATEST TELEGRAMS.
MIDNIGHT DISPATCHES
ooNaREssIoNAL raocEsprNas

F.a senate.
WASHINGTON, Jan. 2I.-Ar. Wilson
presented petition from members of the
Georgia Constitutional Convention, asking
Congress to authorize the establishment Of
provisional governments in the South. Res
ferred to the Judiciary Committee.
Mr.. Patterson, of New Hampshire from
the Committee on Retrenchment, reported
billto amend the tenure of Office act, and
gave notice that he would call it up at an
early day.
Mr.. Conness offered the following resolu-
ton
Whereas, 1t is stated that American
citizens have been deprived of liberty upon
suspicion Of conspiracy to, and the COM
mission of overt acts of hostility against
the peace Of the British government and,
Whereas, The first duty of State is to
protect its citizens against hostile acts by
foreign nations; therefore,
Resolved, That the President be directed
to cause investigation, and if such persons
are found to be guilty of no such overt acts,
then demand their Immediate release, and
if necessary call out such portion of the
land and naval forces as may be necessary
to inforce such demand. Laid on the table.
Mr.. Henderson introduced bill to fund
the public debt and 10 amend the banking
laws of the United States referred to
Committee on Finance. II provides that
for the purpose of paying off the compound
interest notes, three per cent. certificates,
and other outstanding of Indebtedness pay
able in lawful money. The Secretary Of
Treasury shall be authorized to issue and
pay out such notes as were authorized by
the act ofFebury %, 1862, providing their
whole amount shall not at any time exceed
over one hundred millions of dollars, in
Guiding those already issued, except in
cases hereafter specified. The Secretary
of the Treasury is further authorized to
issue coupons or registered bonds to the
amount sufficient to cover all existing
obligations which bear interest at not more
than three and half per cent. per annum,
principal and interest payable in coin to
be due in fifty years, but redeemable in ten
years after date, at the pleasure of the gov
eminent. They are not TO be exchanged at
not less than par value for any bond, GER
tiieate, note, or other evidence of indebted
ness of the United States, except legal
tender notes, which are not TO be funded
until decided by Congress, and new bonds
shall be exempt from all taxation by State
or local authority.
Section three provides that the limit of
$500 600, the amount Of circulating
notes, shall be removed, and any national
bank may receive 80 per cent. on the value
OF the new bonds deposited with the Treas
urer, in notes for circulation, provided
this does not exceed 20 per cent. on its
paid up capital. Existing banks are re-
quired tosubstitute bonds Of the new issue
for those now deposited, and equal TO the
outbearing, and the same relation TO circu-
lation and capital as required by this Sec
ton in case Of new banks, under penalty of
a forfeiture of the old bonds, and the Wind
ing up of their affairs by the Comptroller
of Currency, in which case their notes are
to be paid by sufficient legal tender notes,
which may be issued in excess to the $780,
600, 600 heretofore. authorized, but if the
amount of United States notes and national
bank notestogether, shall not exceed $780,
000, 900, the bonds deposited by the banks
may be devoted to them on receipt by the
Treasurer, of the amount of their outsand~
ing notes in United States notes.
The fourth section provides for the crea.
tion of sinking fund by a retention of
two-sevenths of the interest accruing on
bonds deposited to secure the circulating
notes, In consideration Of which the capital
of banks to extend the same as in vested
in bonds 30 deposited, all shares of stock
therein and their circulating notes shall
be exempted from national, State and
municipal taxation. The bill further pros
vides that, from July l, 1868, to January
/, 1869, one eighth part, and after the last
date, one fourth part of import duties may
be paid in United States notes; also,
whenever the amount of national bank
notes shall exceed $500, 600, 600, the Sec-
rotary of the Treasury, with the sslvice and
consent of a majority of the following
named persons, viz: Comptroller of the
Currency, Commissioner of Internal Rev
enue, Chairman of the Senate Committee
of Finance and the Chairman of the House
Committee of Ways and Means, shall re-
tire an amount of United States notes equal |
to such excess, so that the whole amount |
of circulating and legal tender notes shall |
not exceed 500, 100000, until the legal |
tender notes outstanding shall be reduced |
to $200, 600, 600.
Mr.. CONFESS gave notice that he would |
call up, at an early day, the resolution |
requesting the President to inform the |
Senate whether J. A. Seldom was Secretary /
of War of the Confederacy while Henry |
Wirz was the keeper Of Andersonville prf- |
son and prscticed eruelties resulting in the |
death Of many Union soldiers. Also, how |
many soldiers died there of starvation.
Mr.. Stewart called up the bill removing
the disabilities from Gov. Patton, Of Ala |
bama, bat it was postponed until to-mors
row.
Messrs. Howard, n. Wilson, Morrill,, of |
Maine, and spoke against the admission,
and Mr. Williams in favor.
Mr.. johnson gave notice that he would |
press the vote tomorrow.
The supplementary reconstruction bill |
came from the House and was referred.
The Senate then adjourned.
House ef Representatives.
The bill for the appointment Of COM
mission to examine and report upon spirit |
meters, was taken up. The Question was
upon the amendment by the Finance Com
mittee, providing that the present Com
mission on the Academy of Science shall
be added to the commission.
After some debate, Mr.. Dawes, from the /
Committee on Elections, closed bis report /
on the contested case from The second Kea-
lucky district, with resolution that John
Dung Brown IL disqualified on account Of |
iisloyalty, and that Mr.. Smith is not snfi-
led to his seat, not having received ma
ority Of The votes and directing the Speaker