Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-02-14
CONGEESSIONAL
HOUSE.
WAEHTEnT

WAsHISoToS, February d.
Mr.. Hooper, from the Committee on
Banking and Currency, reported g bill
regulating the reports Of National Bank
ing associations, and after an amend
ment and some discussion, the bill
passed.
The following are It's provisions:
That every National Banking sssocia.
ton shall make to the Comptroller, on
the fist Thursday in every month, ex
bibItiDg, IL detail, and under appropriate
heads the resources and liabilities Of
the association, before the commence
menJ OF business on the morning OF the
day aforesaid, and shall transmit the
ssme to the Comptroller of the Currency
within days thereafter, sad such re-
port shall be in the msnns and form /
prescribed by the Comptroller, and veri.
lied by the oath or affirmation OF the
President and Cashier Of such ass3cia-
ZION, or oy either one OF them, and tua
OF the Directors, and snail be in lien of
the quarterly reports or quarterly state
meDts required by the 81 b section of the
ailonal Currency Act, approved June
s. 1861. IhS return OF each association.
on the hfst Monday Of January and
july snalI be verified by the oath or af.
hrmatiOn Of the President or Cashier
and attestsd by the signatures Of at least
three of the Directors, testifying thai
they have personally examined the re.
sources and liabilities of the association.
as set forth in said report, and hsve
found the same TO Be correct; and such
reports for January and July shall con-
tain 3 statement OF the gross earuIDps
and profits OF the previcGs six months.
and be published IN a newspaper, where
sucn association Is established, az the
expense OF the association making the
same and II there be no neRspa-
per published at such place, then
IN some newspaper to be designated hv
Comptroller Of the Currency within
the county or State where such sssooia-
ton Is located, and every banking ssso-
citation shall make ard transmit 10 the
Comptroller Of the Currency, 8 special
SIS aforesaid, OF its condition on |
any day specified, whenever required bv
.he Comptroller and shy association
to make and transmit such report ;
be subject to the penalty Of 300 |
'ur each day, after five days, such bank !
snail delay 70 make and transmit as
Aforesaid. And in case any sssocia- ]
ion shall delay or refuse to pay {
he penalty hertid imposed, when =
same shall be assessed by the 7
comptroller OF Currency, the amount L
i u Q penalty may be retained by the :
Treasurer Of the United States, upon the =
rider OF the Comptroller OF the Curreney.4
ut Of the interest which may become
Iue to the association on the bonds de- :
vita hiH to secure the circuls- =
ion snd all sums OF money collected :
1r penalties under this sct shall be paid =
1to the Treasury Of the United States.
Mr.. Hooper, from thsSsme com mittee.
3 Dill pFohititing United States
anss from certifying checks when thev
ave not the deposits Of the psrties COW Il
ring the amounts certified. Passed, s.
Mr.. Barnes, from the same committee.
ported q Dill to prevent national banks
'aniDg money on United atstss notes. d
on national bank nOtsa as collateral
=
AIR. Barnes explained the object of the :
ii, which is to prevent the loaning Of
Ioney, and thus making q corner on the
market; and after some discuss
On and veroiage, the bill passed. q
Nh. Judd, from the same committee D
ported y bill TO regulate the method OF
.nverti-g gold into currency he said 4
bill had Usen reported last Saturday. m'
Om the Committee on Ways and q
cans, containing two Of the sections Of ths
s bill and ~ additional provisions. +.
ID he was willing to have that bui ~
lied up instead of his own. And that -.
ing agreed to, Mr.. Hooper called 10 =,
e bill reported by him to prohibit the -
rther increase of the public debt (pub- -
he'd last Saturday, }, and, on the motion "a
Judd, the following was added
it enacted, That from and after the
Of this act, ali sales Of gold on ID
'ount Of the United States sinai be
.de ct public auction. by 8 prope- ~
Of the Treasury Department, al. Val
giving three days public notice of the the
q place when such sal 80 shtI bs Ia,
de, by advertising the same for at PRIV
taree days. DEL
d., Judd said that he found from the -
ort Of the Secretary Of the Treasury, =
I SzO5rOSl had been paid by the Gov
meng as commissions on the sale a
Z snd silver, since it first commenced =
ell. z. q
he bill SO amended was passed.
lr. POmeroy, from the same Com.
Tee, reported back the Senate bill sun nos
nentsry to the National Banking bin wv
june s, 1854, with various amends n,
lts, bat without disposiDg of the tiIL -
House took q recess, y
II