New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-06-03
xIrn CoNGRESs-sEcoND SESSION.
Senate. .WAsHINoToN, June 2, *

SENATE. WASHINGTON June 2, 1868.
The CHAIR laid before the Senate the re-
port OF the Commissioners of Education, which laid
the table Also communication from the General Of
the Army acknowledging the receipt Of the Senate resO
luton calling for copies and papers relative to the cleo
tons in Arkansas since May T. replying that none have
been received since that date.
Mr.. SUMNER Rep., Mass.) reported communications
in regard to exclusive privileges in the fisheries OF Alias
asked its reference TO the Committee Terrific
Tes AT his instance the same Committee was discharged
from further consideration OF the following bls Tesoin
lions, ec resolution respecting the security OF mer
citizens IN Paestne Joint resolution 10 send grain
against the recognition of the Ottoman Empire law
full Government; communications from the President
inclOsng the correspondence with Mr. Motley Minister
at Vienna and having information in relation TO the par
cpatOn by the Consul at Rome in the recent troubles in
RIGHTS OF AMERICAN CITIZENS ABROAD.
Mr.. CoNNEsS rep, Cali inquired when the Commit
natnrailzed citizens abroad
Mr. SUMNER replied that the business of the Commit
tee much behlndhand and that the last business be-
fore them was the various bills and propositions on that
subject; among these the one in question, which would
be the subject OF consideration at their next meeting
THE STATES LATELY IN REBELLION.
MT. TRUMBULL Giil from the Committee mi, on the
presentation In Congress of the States OF North Carolina
South GaT0pa anoer 3 On tbe sne snS %
Mr. FDaoHDS Rep VIZ offered the following Joint
resolution which referred TO the Committee on Judi
Resolved virginia North Carolina South Carolina
Georgia FLORIDA Alabama Mississippi Louisiana Arkansas and TEXAS
% he . choices SS Of PeseS and Of The
and 10 electoral y s be yS 81 S0. s s e
4 R ., Sn s''s s 's 20 &sb S
CODuon aDder which State government shall
organized and shall be peaceful operation and such state
to Ibe acts Of Congress IN that behalf
ENVOY BURLISGAhB.
Mr.. SUMNER asked to DO discharged from the con
sdoraton of the resolution 70 allow Mr. Burngame TO
accept mission under foreign Government He said
that when this resolution was introduced, 1t was sup
limited States IL IS well known that he is longer in
the service OF the United States, but merely citizen
ne Is at liberty to enter any Service that he
CoNFIRMATIoS OF LAND TITLES Tiles, IN SEnR4 ,',I5
firm the title Of certain lands in Nebraska, which was
passed. --.. u,..,....
Mr.. SHERMAN rep. Ohio called up the bill supple
to an act e states Sond and To
for the circulation and redemption thereof He explained
that intended TO correct abuses that have grown
Mr.. CAMERON dep, PENN moved that the bill be
postponed saying he desired to examine the amend
ments that had been made by the committee In ms
opinion the interests Of the country Danks were sacrneed
Mr. BUCKALEW dem, Penny urged postpone
ment. r, .,,.,..
applied TO the body Of the BILL which he had had three
months to examine and he added that the bill is of vital
importance TO the banking system The country banks
IN his Judgment as much interested In the Dill as
the city banks. -, .,,,, -
better condition Congress should go home at once as
he hoped would that month"; and reflect on the affairs
twenty per cent above par III few days Mr.. Cameron
more medicine would kill him, WHILE II left alone,
nature his constitution would triumph disease
In his Judgment would destroy the country banks, and
materially igture the country, II passed g..
from Ohio allow the bill 10 be postponed saying that he
desired TO call up the bill to continue the Freednes
Mr. SHERMAN repeated that the bill the result Of
desire 70 correct certain abuses that have grown np
and laa heCD
Treasury and the Controller OF the Currency He objected
we ,G aSceS Nv b On srme the
double use OF capital drawing Interest twice over He
banks deposit than per cent of their capital
with brokers' He said the Senate could refuse
which capital was deposited with ifresponsI
bic brokers' who falling caused the failure Of the banks
The next amendment that banking association winding
up its affairs shall redeem Its circulation corrected one
OF the most palpabie abuses Many Of them sought
evade the responsibility, under the Banking act by
giving notice OF their intention 20 wind upDevef paying
IT, Another Pe s et e
eeycrs TO tho amount allowed TO Collectors OF Internal
TO single receiver and COoo attorney fees had been
allowed for nine months, under the existing law
rather be attorney for banks in the City OF
kewsfork than hold any Office under the Government
Again, certain States In the Union had not single Mt
tional Bank, while Massachusetts, Rhode Island, and
Connecticut had from $50 to E6 per nhabtant and a
other amendment allowed limited amount, not 90 ex
coed $40 100000 for organizing banks la States and Terri
tories where the banking circulation IN Ices than " per
head TO allow these abuses and defects to continue Tor
political reasons he said would be gross neglect OF
duty, aud, instead Of sencing popular cIDOr would ex
cite IT, This bill would Increase the confidence OF the
people In financial system. The banks In Ohio lend
every dollar at their command TO New-York under the
present system receiving four i've par cent interest
while they refuse to the farmer produce
dealer any accommodation The dyersity of interest
between the city and country banks alluded
20 by Mr.. Cameron was n misapprehension
The adoption OF bill would restore banking sys
tenn 70 its legitimate purpose in distributing circulation
the country.
Mr.. CAMER0H-The country banks are obliged TO
keep portion OF their capital ia the elites To redeem
tho notes The natural laws Of trade take capital the
cities at particular or the year. and the banks
have light to use best they eau. The Senator Is
mistaken In suppOsing that he borrow money n New
York at per cent though t Is lent at that rate per