, 1869-03-31

this tnequ.ii:y ot nanztnx osPtsal IT which they
III. COLE dschrsa hinaeaf IN ts1us es reducing
securrJ fot National B.nks. II waa time the claim
OF bondholde1a for special pstJeHea On the ground
tsaa tsas aeJ ieai tae 9os{ IT, u III o med
to The General Government bat theJ had been |
careful to receive ample security. and to bargain
III: NoRRIIL spoke asaiass MI. Pooles
q: WILSON spoke n opposition to the htn u
Ar. MORTON denied tha1 The proposed With.
t,AHM Of circulation from the Eastern staIsa
cised 1t length the financial views Of vi. Wilson,
c1ease Of banking circulation Of the country until
some proS!Eon WAa made TO require The banks TO |
redeem in coin. lie offered IN amendment 70 H.
Hease the amount Of circulation, to be NnhdfaWn
1% o1 s1ses popossd & he m ssaa %
Nj. sAWYER onerci IN amendment requiring |
s1pllcr Of the Currency within ninety DAYS after re-
ceiytng hts re9atsuon. AgIeed AIRED sa a,...+ao ..
rbIc condition Of % tnr dnaneN md socl Interests
Of the country, and concloaee o5 opposing 'ne
Mr WILSON replied that he beleEed the eondl-
ton Of the country to be Reasonably psoapefous
and others aSTced TO, aud the blu passed In the
The lit tect,on provides that eveu National
public 1noncyt, shall deposit United Siatea bonds
with the Treasurer Of the Cntcd state4 q security
for sqsh asati = nga sas
ninety per ccutuIn Of the pa1 yalue OF 2enda 50
he'd i! hc Treasurer ss secHst{ !; snaq b tae
wise, 10 reduce the amount Of such dcposHs TO
suu not cxeredfnE ninety PEI centum q re bones
psas1aes 81 r. 1Sl
sha tafc mp their bonds within ninety daIA In de-
fauls q when they sh.ll be sold II pubic auction
SECTION provides for sala,!es for seceivers Of
National nanhing Associations to be paid from the
| SECTION i u Is follows: That TO secure Il bet
ter distribution Of National Ranking Currency thcsr
may bc issued circulating nD:es TO banning hsso-
oTSanzG u NJ saE1 aqa 95an 1s tct oso ne
ratu, Is herein set forth The circulation heaeln
aulhcrtzed shall within one Jear. II Re.
sd sas e alFassd u he hs'sa sse hsses
act entitled "An act to amend IN ACT entitled IN
pledge oi Enitcd States bonds and 70 provide fo1
circulation and redemption Thereof approved
egt .hs amount e e 10 I'D IN
1aeir eifcuation as''h sn,horzca ey sS s6S se g.
Slso, ooe snai be sccorltng to the value Of ali
property, real and Personal, within such States
snd TeIo1cs the sazns to te sseertainsd n ne b;
tic Currency tha11 Under he direction Of the Sec
reta1J Of the Treasury, mak@a statement showing
| the amount Of circulation In each State. and the
nrrnnnt IA hr rrtrtd hy each hank In Arrnr1ance
Ttth this seciou. md shall Then circulation L.
Es44llrd, maAe - isslalsuuu lor sLeh a!nvunt upon
culAiion exceeding one hunded thousand dollafs-
IN Satea having Al excess VI circulA uon md WILD
dsawinX Of their circulation y e1eess ea o.
With banks having circulation exceeding $!ho, o9
States having tue largest EXCESS of caTeoistion
hAving smaller proportion, until those In greater
excess hare been reduced 70 the same gFade, ana
continuing thus to MAKE TIC reduedon p pros1ds ~ i
distributed among the states and Territories hay
s1aIon s fsa Ion Of T sea ereuistio aoDg sca Stats
and on failure Of such hank to return the amount
tSe H. 1eau!1sa safnc *'!en qeauss son ns'' sid
be, be the dut, Of the Comptroller Of the Currency 70
sell al public auction. having gtyen txsns! daSs ~
and New Tort c1fy, an anount Of bond. deposites!
hy said lank as security for It's ctscuia ion eqnai
spd ~ ns sih he rroeeed. e d redeem 10 any of ths
notes Of such bank ns they come into he Treasury
~ eqGsi sne sno. ,n s d1Tm s a1a
the circulation herein authorized 1t all be Issued
only a. The eeus!. y b., y s,E 70 IN, ~ tt
! ceed three hundred millions Of dolla1s-
!: Section provides that any bank11 association
located n any State having more taAa tts n1opof M
ttou OF circulation. may be removed to any staft
having less than It's proportion Of circulation, m
der saeh rnles md rseaas,ons a the GomPssol!s
: Of the Currency With the apprnSh Of The scczeta
: | I! Of the TFcasur5, naJ require.
On motion Of Ut. nARl-AS. the Senate took q
e went into Executive session, and soon after ad
:, jouzneI
T. House Of Representatives.
rE&rBK.nFnFF1CE
The appointment Of Conference Committee O
The Tts.urc-of-odlee till bJ the eenate Wns ~
M. bGTLER asfed una1 imou. consent to &C
= on II, but Mr. BROOKS objected.
f1CxKI-corFEN COINAGE.
The bill ME reported to coin one, three An
tHenty nre 10 thirty -ihree per cent Of nickel, 10
Ihe iii o1aits the clame in the former bill to
. the suppression Of ten G. Mt notes. The colnag
Vim amonnt % about = ,oo',ceat After discussion
fAfENT 'HKsHw4IA
The bill renewing Ms1lers patent improvement
,1s sso he III soE Te .sac oi atstas
patent; also for CLARK Iastenngs for hay md nj
q Thc iii rr.iv,ng Hoes Improvement in til
s1* II, ~ ss srppoted @ e7 Gr jEckES md : Is
expiration Of The morning hour went over until se
= 7KxcRE-cY-orY1cx QUESTION.
. the sgeatss : tabir, I'D TOOK up TIC Senate nes
" age aeklng G. Entttcc Of Conference On tn
I Ttrurx-hf-0hlcr It'll
a Nit. BUTLER, nf MasA, u,orcd to agree 70 II
- = | requeEt for a tEuEnittec Of Conierenee-
+ | Nj. EC11ENCE moved that the House rcced
= from it, ds3ert en,cpt to the Senate amendment,
= which motion, he remarked, had precedence oTe
q | ey+TJ fiher mction.
:. Nr. WOOD moved that the House tna1st On It
. 1 dlEuE1 E1FCnent
= The vote wa4 f1st taken on Nj. Schenck1 tnt
tiun IN rtcede, and resulted -JeaA, 81: nayA 10A
| The House then voted to nbtst on it4 dlsaGIe<
: ment, md agree 10 the Committee OF Conferences
: Subsequently the Speaker sppoluted ~ sue
Z committee Butler G4asl,, WaAhb110 CTAA ID
i | bingham
The followtng Il the vote on Mr.. scnencta mt
! ton: