Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-02-15
CONGRESSIONAL.
HOUSE.

WAsHINGToS, February l3.
Mr.. Hooper, from the COMMITTEES on
Banking and Currency, reported a bill
regulating the reports Of National Bank
ing associations, and after an amend
ment and some discussion, the bill
passed.
The following are its provisions:
That every National Banking associa-
ton shall make to the Comptroller, on
the FIST Thursday ia every month, eX
hibitipg, in detail, and under appropriate
heads, the resources and liabilities Of
the association, before the commence
meut of business on the naOrnfUg Of tne
day aforesaid, and shall transmit the
same 10 tie Comptroller Of the Currency
within days EATER, end such re-
port shall be in the manner and form
prescribed by the Comptroller, and veri-
fed by the oath or affirmation Of the
President and Cashier OF such associa-
ton, or by either one Of them, and two
OF the Directors, and shall be in lieu of
the quarterly repDrts or quarterly state
rents required by the SAN section Of the
National Currency Act, approved June
q isGI The return OF each association,
on the first Monday Of January and
July, shall be verified by the oath or af-
firmation Of the President or Cashier,
and artestsd by the signatures Of at least
three Of the Directors, testifSing that
they haye personally examined the re-
sources and liabilities Of the association,
as set forth in said report, ana nave
found the came to bs correct, and such
reports for January aud July shall con-
tain q statement of the gross earnings
and profits Of the previous six months,
and be published in a newspaper, where
such association is established, at the
expense of the association making the
same and IL there be no newspa-
per published at such place, then
ia solle newspaper to be designated by
the COmptrolleF OF the Currency within
the county or State where such Sssocia-
tion Is located, and every banking asso-
ciation shall make and transmit to the
CcRlptroI!er Of the Currency, a special
report. as aforesaid, of its condition on
any day specified, whenever required by
the Comptroller and any sssocistiOn
falling to make and transmit such report
shall be subject to the penalty of 800
for each day, after five days, such bank
shall delay to make and transmit as
aforesaid. And in case any associa-
ton shall delay or refuse to pay
the penalty herein imposed; when
the same shall be assessed by the
Of such penalty Iasy be retained by the
Treasurer Of the United States, upon the
order OF the Comptroller Of the Currency,
out of the interest which may become
due TO the association on the hands de-
posted Witn hi4; te secure the circula-
tion; and ell sums Of money collected
for panalties under this act shall be paid
into the Treasury Of the United States.
Mr.. Hooper, from the same committee,
reported a bill prohititing United States
banks from certifying checks when they
have not the deposits OF the parties COW
ering the amounts certified. Passed.
Mr.. Barnes, from the same committee,
reported a bill to prevent national banks
leaning money on United States notes,
or on national bank notes as collateral
security.
MIR. Barnes explained the object Of the
bill, which is to prevent the loaning OF
money, and thus making corner on the
money market; and after some discus
sion and ver6iage, the bill passed.
Mr.. Judo, from the same committee,
reported bill to regulate the method of
converting gold into currency; he said
bill had been reported last Saturday,
from the Committee on Ways and
Means, containing two Of the sections OF
and he was willing to have that bill
called up instead Of his own. And that
being agreed to, Mr.. Hooper called up
the bili reported by him TO prohibit the
further increase of the public debt pub
lished last Saturday }, and, on the motion
of Judd, the following was added:
Be 1t enacted, That from and after the
passage Of this sct, all sales of gold on
account Of the United States shall be
made at public auction, by q proper
ofIlcsr OF the Treasury Department, af-
ter giving three days public notice Of the
time and place when such ales shall be
made, by advertising the same for at
| ast three days.
Mr., Judd said that he found from the
report Of the Secretary Of the Treasury,
that sos, ,03l had been paid by the Gov
ernment as commissions on the sale of
COLO and silver, since 1t first commenced
to sell.
The bill SO amended was passed.
Mr. Pomeroy, from the same Com
mittee, reported back the Senate bill sup
plementaTy to the National Banking bill
of Juae 3, 1854, with various amend
menss, but without disposlDg Of the sill,
the House took recess.