The New York herald., 1869-02-14

for the public interest 70 do 30.
On motion OF Mr. JUDD the following section was
added to the b:-
SIC bAnd further enacted, Tha. from and after the
sates shall be made public auction by proper ocer 81
issss 3
oy advertising the same for at least three days.
the Secretary OF the Treasury, that SOS, ,osI had
Deen PAID oy the government as commissions on the
sae OF gold and silver since 1t first commenced to
The bill, as amended was passed
,AhENDMENT TO THE NATIONAL BANKING LAW.
mittee reported back the Senate bin suppementa-
ry to the National Banking act Of June 8, ise4, with
having been read, submitted that as they were i'm,
House should be called upon to dispose Of them
without seeing them IN print.
proposition. but would 1rst state the objects OF the
amendment He went on to state that the first sec
tion OF the Senate bill was confined almost entirely
TO provisions OF section fOrty-ive Of the present
banking acl relating to deposit0rs OF public money
1t made 1t penal offence for any 0fflcers Of banb
public money, and for any public oficer to accept
such consideration. The second section OF the
Senate bill was a. an amendment to section fortytwo
ing associations. The fourth section provides for
scaling the existing banking associations in order to
tributed, one-half among the Southern States and
the other half among the Western States and Terri
M BUTIER rep1 Of Mass. cTticised the provi
sions OF the section relative to the liquidation Of
banks that are TO be wound up and opposing the
provision that the bonds deposit to be sold
the redemption Of the outstanding currency and
greenbacks substituted for the bonds as security.
profit In discussing the bill now, when 1t was not
printed. and suggested that the bill should be recon-
mitted and ordered to be printed.
r.
on the section as to the winding up OF the national
banks, instancing the case Of the Merchants and
character from Q national bank to State bank,
thus avoiding the responsibilities to which it was
subject under the National Banking act.
Mr.. PRUYN, fdem.) Of n. Y said the law au-
thorized that to be DONE
WHY the law Be He Sa
the banks should be compelled to get out OF the
national banking system by the same door at which
Mr. PEaHYS wanted to know what difference it
made to the government
Mr.. PRICE said that the difference was that the
government lost the tax on deposits.
sas MT nsG5asSLa nsS rep q M III opposed the IS SECOND
dation to be sold and greenbacks substituted for
them by showing that that would place it In the
power OF the national banks to contract the circula
thus force the res dmptOn OF specie payments, which
would be deploraoe result.
the fourth section, which proposes scaling and re-
distribution OF currency among the national banks.
The scaling proposed by the Committee on Banking
and Currency was as follows:-Banks with not over
5000 600 capital to be entitled to eighty per cent Cir
culation, a reduction OF q, o00, 0o0 Banks with
seventy per cent circulation reduction of s7,OOOO00.
Banks with capital OF from s50o059 to 600
are to have SIXTY per cent circulation @ @ o.
to $200O,000 are to have fifty per cent circulation,
an apparent increase OF S3,o00,0oo and banks with
capital of ST. 000000 are to have their circulation
cut down IRON $Ie 000, 900 to So coo 00o No banks
are 10 have more than 1000 600 in circulation.
Mr.. CoBURS (rep.) Of Ind, moved an amendment
providing for the issue to banks In States and Terri
tories which have less than their proportion OF cir
culation circulating notes TO bring them up TO their
three years il necessary pro rata from banks organ
zed in states that have more than their due propor
tion Of currency; one hundred and fifty millions OF
the currency be issued the basis OF representa-
ton In Congress, and one hundred and nty millions
on the basis OF the appraised value OF all property,
Mr.. BtckLAND, lrep.). Of Ohio. addressed the
House on the subject Of the inequality ol the dis.
amendment proposed by the committee, as tending
to keep up the disproportion between the East and
Without disposng Of the bill, which was ordered
to be the a -four tSs
ing session 10 be for general debate.
Evening Session.
The House met again at half.past seven O'Clock in
Committee Of the Whole, Mr.. CULLoM in the chair,
- e COUNTING THE ELECTORAL VOTES.
Mr.. BOUTWELL, lrep) Of Mass. discussed the ques-
tion Of the counting Of the electoral votes claiming
had the right to explore the whole question OF the
legality Of the certificates. The President OF the
quires as to whether everything fair and proper
from the beginning to the end Of the TRANSACTION.
ate where by the necessities OF the case, was its
1t must be In the two houses. They had the power,
The President was not clothed with IT, the Supreme
Court was not clothed with it. There was no gov
ernment instrumentality which could be named that
haA fna Qvor nnia A fpa Gana oudt mo
House OF Representatives. The two houses
might institute an inquiry into every pro-
posit Of the ballots by the people through
to the opening OF the certificates by the President OF
the senate N presence Of the Senate and House Of
whether the proceedings had been right, or whether
they had been vitiated by error or fraud. HIS oDn
ion was that the question should be- not whether the
vote Of Georgia should be counted but whether the
vote OF Georgia should be rejected. That made all
one side, and disorder, anarchy and revolution ON
the Others because, II In time OF great political
the one house. the other not concurring In opin-
ion. nobody could f0retell the result which would
follow such proceeding. He claimed that the two
houses had power under the constitution institute
q scrutiny TO know whether the viii OF the people,
exercised at the ballot box, had been honestly
put in the negative instead OF the anirmatlve, was
that II the two houses did not agree, then
tine tine o sSe was sas out By
Jected to should not be rejected then 1t would have
to be counted. There was no safety In any other
rule
Mr.. SHELLABARGER. (rep.) OF Ohio, remarked thar
that would result In this, tnat although 1t might be
absolutely known that the vote OF state was
fraudulent, still 1t could not be rejected II either
the House or Senate refused so to decide IL.
Mr.. BOUTWELL, replied that there was no way to
ascertain whether vote was fraudulent. except by
the decision OF those who were to Judge.
Mr.. GoLLADAY, tdem.I OF KY, addressed the CON-
mttee on general politics.
other speeches were made, and the House ad-
Journed.
MUSICAL REVIEW.
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