The New York herald., 1868-06-17
NEW YORK HERALD WEDNESDAY JUNE H. 1sea-TRRLE SHEET

reporter, but which caused general amusement
Mr.. HENDERSON paused moment, and then asked
the cause OF the merrment.
Mr.. CAMERON rose readily and said he had made
the remark In reply to the Senator, ~ hope to
God he won't occupy much more time than he has
done in the senate.N Gaughterl
Mr.. HENDEksON-Ths session.
Mr.. CAMERON-To-day.
Mr.. HENDERSON said he had not occupied much
time recently In speaking and that the Senator from
Pennsylvania lMr. CamerOn) had occupied more this
session than he, and since recent event he had
heretofore not participated in debate at all. He
OF free banking. and closed by expressing the opinion
that TO force speedy resumption Of specie payment,
as seemed to be the prevailing policy, would surely
Mr.. CoRBE1T, Qep1 of Oregon, insisted and argued
that the $40 600 900 increase was nothing else than
Mr.. PoMER0Y, (repo OF Kansas, made a few re-
marks IN reply, when the Senate proceeded to vote
on Mr. Davis amendment and 1t was agreed to as
fOlOws:-
o FSsy Hs" % % Ms
S Su wsos 0 rum
NAYS Sn.hony, % cate @ Chandler crasn Fe.sen.
s oT y,1 MS .na q
Mr.. SHERMAN rose and said The Senate having de-
cded to prohibit any increase of bank circulation,
except Withdrawing 1t from three or four New Eng
land states, he had carefully prepared an amend
Rsnt Rsnuefy Sav ss' SheS S The wss Senator ae o% I'M
hoped that the pS Senator would Withdraw for such
purpose. He read his substitute and continued,
saying that While he was glad the senate had de-
cded TO Withdraw small percentage OF bank cir
. culation frQp the East he could assure them that
II they should adjourn without giving an increase to
tne West ana south j. would give rise 70 spirit OF
States having none now would have local circulation
by slow and gradual process. According to law the
Comptroller OF the Currency was to distribute the cir
culaton, onehalf according to population and one
half according to business requrements, and the re-
suit would be that New York would be found to have
affected would probably be Massachusetts, Connecti-
cut, Rhode Island, and possibly Maryland and ver-
mont. Certainly not more than six or seven States
would be called upon to furnish cent.
Mr.. BUCKALEw reminded the Senator that some
days since he had said that he would regard certain
vote to postpone as test vote on the proposition
contained In the first section OF the bill forbidding
one national bank to pay interest on the balances Of
Mr.. SHERMAN explained that several Senators had
thus voted merely to give time for examination.
Mr.. CHANDLER moved to lay the bin on the table,
In order he said to avoid three or four days discus
cusson. Rejected, 81 to %, as follows:-
ApaSny
Ser sa
Sccree % aosssn S NORTH w. Pa,sssoH
fson Van SS
MI. CHANDLER then moved to strike out the first
section OF the BILL and proceeded to argue the nus-
employ their surplus capital to advantage, advanc-
ing substantially the same considerations urged on
previous occasion.
Another motion to adjourn was lost-15 90
Mr.. CATTELL rep.l of n j., defended the section,
insisting that it Is iegitmate banking to pay inter-
that the Bank Of Commerce Of New York has REUSED
to do such business and that the best bankers are
opposed to it. He quoted tho opinion OF the Comp
troller of the Currency (whose recent report he
highly euloglZed) to the same efIect
At haf-past Ave O'Clock Mr.. CHANDLER again rose to
reply put motion to adjourn ma p prevailed despite the
five O'Clock the Senate adjourned.