New-York tribune., 1869-03-31
WASHINGTON.

BOklE AND ElOHA-hOOR La hOH
IN A COMMITTEE ROOM.
IBY TELEGRAPH TO THB TRIBUNBl
WASHINGTON. Tuesday, March 80, 1869.
The Civil Tenure-of- Office law was up again IN
the House to-day. A Committee of Conference was
ordered, after q motion from Mr.. Schehck' 1or tne
House to recede from its position, was voted down
by a vote of 60 Yeas to 1O6 Nays This vote showed
lose Of ton votes for the "amenders" and gain OF
seven for the repeaers but it was no test as there
was general desire for Committee of Conference
Sneaker Blaine appointed Messrs Butler, G. Z. wash
burn. and Bingham the Committee OF Conference
The Democracy are not represented on the Commit
tee. but Butler and Washburn act for them Inc
Joint Committee will meet tomorrow morning, but
nothing harmonious is expected from them.
The desire for an early adjournment is very great
and the only obstacle is the Civil Tenure law.
Dawes's resolution, fixing next Tuesday as day OF
adjournment. was passed in the House without
division. -.
The Controller of the Currency today sent the
tollowing statement to Gen. Garfield, Chairman OF
+ho Uonse Committee on Banking and Currency
occompanied bv a bill which he suggests should be
odonted in order 10 secure additional banking fac
tics and also to provide for funding, at lower rate
of interest, the bonds deposited as security by
National Banks for their circulation He shows that
there are now held in the Treasury Department
kSi26903OO in United States bonds as security for
the circulation of National Banks, upon which an
annual interest of $969O 152 is paid by the Govern
nent He also demonstrates that $437,5O0O0O four
per cent. bonds. at so per cent, would secure
tOOOOO 900 of National Bank circulation, the interest
on which would be only $l750000O BY this show
ing the Government would save annually $2190l52
Trtnr IN
gold at an average premium of 10 per cent and the
bonds bearing per cent interest in gold at aver
age premium Of ST per cent and the bonds bearing
Der cent currency interest at par, it would take
900 of the per cent bonds to take them up,
and $3 900 per cent bonds at so per cent would
secure $4,000 900 circulation the amount now out.
The remaining $62,5O00OO 4per cent bonds would
secure $4,000 900 circulation and being sold for cash.
would furnish $500O0OO0 United States notes to be
cancelled in lieu of the National Bank notes and
would furnish $12,5OO,0OO besides, which could be
applied to the purchase and cancellation OF any
other United States interest-bearing securities.
The b proposes to give the Secretary of the Treas
ury the authority to issue registered bonds TO the
amount of siS at per cent interest in gold,
psyabe semi annually the bonds to be redeemed, at
the pleasure of the United States at the end of 30
years and received by the Treasurer as security for
the National Banks The National Banks are by this
bireouired to convert the bonds at present in Sc
euty into thea per cent bonds above alluded to, and
the bill provides how the conversion shall be made
Bot If the banks fail to make the conversion within
60 DAYS from the time specified, the bonds shall be
sold by the Cotroller of the Currency at public
SALE The third section of the bill authorizes the Sec
reary of the Treasury to SELL not to exceed &C., 900
of these four per cent bonds at par for United States
notes to any parties associations, and which have
filed their articles of association and organization
certificate with the Controller of the Currency, and
obtain his approval for the organization of banks in
any of the Southern or Western States. which are
entitled by the bill to receive circulation. The bonds
thus sold are to be issued to the Treasurer in trust
as security for the circulation of the association
making the deposit. The fourth section authorizes
the Controller Of the Currency to issue circulating
notes to National Banks to the amount of $J00OOOOO
in addition to the amount now authorized by law
the same to be appOrtioned to the States and Ter
ritories having the least proportion OF the National
Bank circulation, according to population and the
needs of business For every $1,000 thus issued, the
Secretary is required to cancel the same amount o.
United States notes received by him in payment fol
the bonds sold and deposited security for sucf
circulation The circulation is to be issued at th'
rate Of $500 for every $1,000 of bonds deposited, Nn'
when aNational Bank fails to redeem its circula
ton, its bonds to be declared forfeited to tn
In the Senate, to-day, very large number of indi
vidua petitions asking the removal of political disa
bilites, were presented and referred to the Selec
Committee on that subject. Senator Wilson, iron
the Committee on Military Affairs, reported join
resolution prohibiting any Caim-agent other in
termediate person from receiving bounties due Il
soldiers or their heirs, explaining that th
object was to prevent the frauds whicl
have heretofore been so largely practiced
Senator Howe however suggested that it would b.
very inconvenient to require that the money should
only be paid to the parties in person, and at his re
quest the bill was laid Senator Rice introduced
abil looking to the payment of loyal citizens of the
South for supplies furnished to armies Bills o.
this nature have heretofore been INTRODUCED but they
seem not to have met with much favor from either
The Judiciary or Claims Committees, to which they
have been severally referred, or in fact from the
Senate ITSELF and. understanding this Senator Rice
sought to create Special Committee to take charge
Of his bi but he failed and it took the usual
and was referred to the Committee on Claims
The Committee on Public Buildings wasE INSTRUCTED
to ascertain whether the Government has any suita-
bic building for Summer residence for the Presi-
dent Conkling took occasion to protest against the
tactics Of Senators who essay bring up extraneous
legislation, ignoring the agreement made at the be-
ginning of this session to act only certain matters
of transcendent importance. When o'clock came.
astruggle was again made to push aside the supple
mentary Currency act. Senator Harlan made \
strong effort to get up the Indian Appropriation Bj
calling attention to the letter Of Gen Sherman
that the bill ought to have been passed in Februarv
and he asserted that if the bill was not passed inn
mediately the Indians, who were now conerecsted
around Fort Cobb waiting for their annual allow
ances, would scatter, and there was imminent dan