The Conservative. (M'connelsville, Ohio) 1866-1871, 1869-02-05

report shall be published in abstract IN a paper
In Washington and IN che place where such aseo-
citation ia established, said papers to DO Designated
by the Controller. Every banking association
selected az a depository Of public money shall de
posit U. =. bonds as security for such money, the
amount ~ money never 20 DC greater thau % per
cent Of the par value Of the bonds. Banking asso.
CATIONS having determined 10 wind mp their Affairs
shall pay into the United States treasury the amount
OF their notes. In laNml money, and take Mp their
bonds; or ifthey fail to do this, the Controller shall
sell the bonds at auction In New York, and from
the proceeds redeem the outstanding circulation
AMI return tho surplus, If any, 10 the essociaion-
this does not apply 10 associations winding up their
Affairs FOR the purpose Of consolidation with other
associations. Receivers Of national banking as8O-
Citations shall have a salary OF fl,2O0 and a com
mission OF three per cent. upon the hrst 100000,
aud two per cent upon all sums above 100000 and
not exceeding S5OO,0OO. No national banking asso.
cirion shah. after the passage Of this act, make
any loan on United states notes or on the %circulat'
ingnotes Of any banking association as collaterals
-Sherman's air line railroad hill was discussed for
some time, when the Senate adjourned.
HousE. A bill was assedregulating the
appointment Of midahipmen in the navy Some
discussion arose on the contested seat Of the ninth
Congressional district Of Missouri, which resulted
ia confirming Anderson in The seat. Adjourned.
SENATE, Jan. 22d-Pomeroy, from the
Committee on Public Lands, reported a I'LL 70
grant lands 10 aid IN the construction Of a RAILROAD
from the Mississippi River 90 Yankton. on the Mis-.
souri, River. and 10 amend the set Of May 18th,
1861. granting lands 20 the State Of lows b aid in
tho construction Of a railroad In aaid state. IL
transfers the grant made by the above act for the
benefit Of tho McGrrror and Sioux City Railway
Company. and grants the latter company two sec
tons per mile 10 aid an extension Of tho line eighty
miles further to Scranton. Several bills aud reso-
buttons we're introduced and rcferred.-A joiut res
oluuon was passed appointing Prof ARaasiz a re.
gent OF the Smithsonian Inattute,-The bill auth
oFizinR the construction Of a railroad from Wash.
inrtou 10 New Notk came up, aud Doolittle spoke
against e.
HousE Several bills were introduced,
among which was one 10 diminish huctuatiOnai In
gold. aud 10 provide foT a return ~ specie pay.
ments. II propu-n4 the issue OF gold notes by tho
government, rcdtrmablo In coin and receivable for
all government dues, not 70 exceed t3i0.00O,0O0
The amount Of gold In the Treasury above that 70
quircd for three mC1ths' interest ON the public
debt II 10 be used In redeemlng greonbacks al the
average gold value.-Tho House then resumed the
consideration Of the I'm granting land TO the Den
YER Pacific Railroad ard Telegraph Company. Van
Trump continued his argument against the bill.
LOGAN modified his substitute 30 "a 10 authorize
the said company g. complete its road by the Issue
OF six per cent. fo.ty year bonds, payable at the
Treasury OF the United states. A. fast "a twenty
miles Of this road shall be completed aud certified
to by government commissioners, the United States
shall guarantee the payment Of tto Interest upon
these bonds 10 the amount Of - dollars per
mile, and this guarantee shall constitute a hr-t
mortgage upon the road and ita rolling stock for
payment Of the bonds. The company shall, at
least ten days before the interest falls due, deposit
with tho Treasury OF the United States money suf-
heicnt 10 pay the accrued interest, and upon failure
Of said cOmpsny 10 do ~, the gov trnment shall,
upon sixty uays' notice, take possession Of said
FOR the purpose Of securing the payment Of the
interest on the bonds, shall retain
possession OF all earnings OF the road from the
transmission OF mails, troops, supplies, &c, re-
turning 20 the company the surplus II any. For
the purpose Of making provision for the payment
Of the principal Of The said bonds, the lands Of the
said company heretofore grated by the United
States, excrptso much a. may Dc necessary 70 the
operation Of the said road, shall be, - fast as every
twenty miles Ut snid road are completod, put into
market 20 actual settlers At $3.50 per acre. and all
moneys arising from the sale OF the said landa
shall be paid into the Treasury OF the United
States, aud the Secretary OF tho Treasury shall
thercupOn Gauge such money 20 be invested IN the
bonds, the SAINT 10 DO Cancelled aud delivered to tho
company,
SENATE, Jan. 23.-The House amend.
mcnt o the solution removing from ofhcr those
persons IN Virginia who "a not take the test ot
Of 1852 was agre d 20, aud the resolution was ex'
tended 70 Mississippi. The resolution however
does not apply to persons whose isabilitios ave
been removed. Some debate was hal upon rail.
road bills, and the Seuate adjourned.
HoUsE The constitutional amendment
forhiidiug the Acknowledgement N citizens on nc
count OF race or color, was called up, and Bout.
amendments were offered aud ordered printed -
Some farther unimportantb business was transacted
and the House adjourned.
SENATE, Jan. 25th.-The President OF
tie hfnntN llpANnteu n lttlilun rom inc Widow
Of President Lincoln, hskinp for an annual pension,
on the ground OF great services rendered the coun.
Try by her husband. 10 was referred 10 the Com
mittro ON Pensions Eimunds, from the Commit.
tee ON Hotrcnchmcnt. reported the bill repeating
the tenure Of Office law. with an amendment leay-
ing heads OF departments EId the Cabinet subject
10 removal NJ the viii Of the PRECEDENT during 70,
cess ot the Senate, aud authorizing him to suspend
all other civil officials during such recess without
specific evidence to Justify the suHpenaidu.--A ma.
jprty Of the Judiciary presented n re.
port rgaiubt tho admission OF Senator Hill OF
aeorpin. to q scat.-Thc hill relating TO the central
branch nj the Union Pacific Railroad came up M
unhnishedblsineaa and a motion 10 postpone II
was lost by a vote Of yeas q. nays 80. II was then
discussed for some tiin1, By Stewart and Fcssen'
den In favor of Il aud Howe and Conkllng In opo.
siuon. Adjourned.
HosuE. Several bills were introduced,
among them two granting subsidles tn railroads.
one from Davenport, Iowa, % Topeka, Kansas, and
the Uther from Sioux city, Iowa, 20 Columbus, Ne
brrEka.-The regular order, tho constitutional
amendment relative To suffrage, was postponed 10
Wednesday Tho House resumed the consldera.
tion of the I'LL granting laud aud the right Of way
90 the Denver Pacific RELOAD and Telegraph Co,
aud waa addressed by Logan In opposition 10 the
bill. aud by Scheuk, Highly, O'Neill and CoyOdC
In it, favor. Coyode moved the previous question
on IT, passage. WaBhburne, Of Illinois, moved e
lay the bill and amendments on the table, which
was lost, yeas So, nays %. Tho House then Fused
TO second the previous question by a vote Of yea
90, maya SO. Tho bill, with the amendments, OF
motion OF Logan, was referred 70 the ComnittcI
on Public Lands Paine endeay0rel TO have thi
rules suspended 10 offer "a resolution Tor In
quiry into the ~cxpellinR Of the negrooa from tn
Georgia Legislature, but objection was made
The House soon after adjourned,
SENATE, jan. 2Gth. A resolution wal
adopted providing for the appointment, at the b.
ginning Of tho next session, Of a joint committee
to consist OF three Senators aud hve Represents
tives, with leave 10 SIT during the recess OF tn
FOrty-hrst Congroas, 20 examine and report on tn
oxpediency OF recognizing tho civil service In tn
several departments OF tue government.-Bill
were introduced for the reorganization OF the navy
20 aid In the construction of the Pacific 1ransi
Railway aud Telegraph from New Orleans to som
point on the Rio Grande, IN the direction Of Sa
Bias; 10 incorporate the Southern Express Co.
Morrill,, from the Committee on Appropriation
reported back the pension appropriation bill, wit
amendments reducing tho amount appropriated 70
invalid pensions nom sl0,O00,OOO to 80 ,000,O 90
andthe appropriation for other army pensions troI
l3.000,0 900 TO 0,00U,000 Tho bill rl atiug 10 Ia
Central branch OF the Union Pacific Railroad WI
again discussed, hut the Senate adjourned withot
action.
Hour The Speaker presented the pet
ton Of Mrs. Abraham Lincoln for an animal pei
sion.-Seyeral bills of secondary importance wei
introduced. Speeches were made by three men
bers on the bill for a general resumption OF spec
payments after which the House adjourned.