New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-10


The House Committee on Banking and Currency
at their meeting to-day, had under consideration
and agreed to- bill which passed the Senate IasV
session TO amend the National Banking law no
frst section provides that every National banAius
Association selected as a depository, snail uepoo'
United States bonds with the Treasurer rs 'o'"''''
for such deposits, and whenever the non.S ~
ieposited shall exceed 30 per cent u 'n0
securities so held the Treasurer Is TO
uuired to reduce the amount ol oeP0
not exceeding 90 per centum OF the Dohos % u.poI
tied. The same section also provides VhaV no jam
shall be selected as a depository where sun
ury is located 1t also imposes heavy hhes anu In
prisonment on anv officer who shall pay for obtain
ing or retaining deposits of public moneys. Inc
second section sets forth that within IL moths from
the date of the notice served upon the Controller OIL
the Currency by any National Banking
Association that its shareholders have voted
70 GO into liquidation. the Association shall
nav over to the Treasurer the amount OF its out
standing notes in lawful money and take up the
bonds which the Association has on deposit for Sc
curity of its circulating notes. in default OF which
the Controller shall sell the said bonds to the highest
bidder at public auction, and from the proceeds pay
over to the Treasurer the amount equa
to the outstanding circulation OF such AS
ISOLATION, any surplus remaining 10 De
paid to the officers of the Association
Anv hank whchIhas heretofore gone into liquidation
shall pay over 10 the Treasurer lawful money equal
in amount to its outstanding circulation within ~
months from the date of the passage of this act, in
default of which its bonds shall be sold as above
provided The third section provides for salary to
receivers of 81 500 per annum with a commission OF
two per cent on the first $1000OO and one
half of one per cent upon all sums above SlOO,oOO.
and not exceeding 100000. and one quarter OF one
per cent on all above 100000 to be paid by the
Controller of the Currency ont of any moneys real
lied from the assets of the bank in the hands of the
receiver The House Committee struck out the
fourth section of the Senate BILL providing for dis
tribution of the National Banking currency, and in
serted proposition of their own for redistribution
of the circulation among the States of I2,Si9S55.
of which the Southern States was TO receive
$4,000 600 the West &C. 100000 and change through
out all the other States that have not got their re-
quired quota-the remaining 2,s49OOO. The Secre-
tary of the Treasury and the Controller of the
Currency are required to carry out the provisions of
the bill 1t is understood that Massachusetts, has
excess of sSOOOOOO, New-York upward of $s,Oo0OOO,
and the other New-England States, with Pennsyl-
vania. the remainder of the excess.
large delegation of the a lest men in the
Western States and Territories. have arrived in
Washington, for the purpose of presenting the name
of tie Hon. Alex. Demar. recently Director of the
Bureau of Statistics for the position of Secretary of
the Treasury under Gen. Grant. 1t is said by the
Oldest inhabitants that such an able delegation"
was never in the city. They represent all the
principal Indian tribes especially the Apaches and
Comanches. These able men spend their time in
looking at the curiosites in the Capitol and it IS
thought that when Gen. Grant returns they will have
an interview" The claims" of Delmar for this
~. M ~ lion nf
his suppressed report and the Wells stock is going
down. Buckley is openly for his appointment.
Some of his enemies circulating rumor that he
is Democrat but il is thought that Gen. Grant will
not take politics into consideration, when he may
have such prodigy of intellect in his Cabinet. The
fight between the friends of Demar and Wells grows
quite interesting.
As indicated yesterday, the Senate made an all
night session of it on the Constitutional Amendment
coming together at o'clock All motions to adjourn
were steadily voted down, and the session lasted
nearly Il hours. few minutes before noon to-day,
when the new legislative day commenced, an adj
jOurnment took place. much to the relief OF the
clerks who had been kept in a continual rack, and
of the official reporters who were completely worn
out by their underwriting labors. Mr.. Stewart
who had by some effort prevailed on his party asso
ciates to make up their minds to stay until the cock
of the measure, set every one excellent ex-
ample by abstaining altogether from discussion;
but if other Senators admired his reticence they did
not initiate it, aud really Democrats and Repub-
cans seemed TO vie with each other as to who should
do the greatest amount of talking. All sorts of topics
we're introduced into the discussion, and one honor
able Senator even went far to glorify in the
most extravagant style his particular exploits,
as a local official during the war. In vain Mr..
Stewart entreated the friends of the measure to
serve their comments. and let their voices speak
through their votes. One Senator took up
q great deal Of time in the pursuit Of
the investigation as to whether the prop
osition reported by the Judiciary Committee
meant what it said, meant something else.
large proportion of the Southern Senators partic
pated in the debate. Mr. Davis led off, and actually
stopped TO get his breath at the expiration of two
hours, but after brief reviving spell he again
pitched in. Some Of the remarks which passed be-
tween Senators were Fnot of the most refined
character and finally. Mr. Patterson of New Hamp-
shire felt impelled to remind them that they were
disgracing themselves before the country In the
early part of the evening the galleries were we'll filed
with spectators of both sexes. many of whom re-
NAMED until midnight AS the small hours wore on
however they dropped off one by one and
long ere the gray dawn peeped over the
hills, but a solitary occupant could DO dis
covered here and there among the capacons
rows of benches stretched ut full length. The Senate
was unusually full during the whole night and about
u o'clock dozen or more Senators, who had been
enjoying themselves at entertainments at Senator
Morgan's and other places, came in respondent in
their dress coats. The eloquence of Senators. who
persisted in airing their opinions was pretty much
wasted on the desert air. After the hand Of the
ALL "A a. 10 eli bar,