The New York herald., 1870-06-15
HOUSE OF REPRESENTATIVES,.
WAsnINGroN. June I4. 1s,

WASHINGTON, June IA, 1870
PETITIONS PRESENTED.
Mr. WOOD, dem) OF N. Y, presented petition OF
New YORK merchants ana others in favor OF the
al oil ton OF the stamp tax.
MI. WINCHEsTER. (dem.) Of KY, presented petit
tion of two hundred citizens Of Louisville KY, to
tax distilled liquors at the distlery on the basis o
capacity.
CONVERSATION OF JURORS
Mr.. MERCUR, rrep.) OF Pa, from the Judiciary
Committee reported a bill fixing the compensation
Of grand and petit jurors In United States courts
allowing three dollars day and five cents mile
traveed-and providing that jurors shall not be
summoned more than once In ten years. Passed.
THE NATIONAL CURRENCY.
The House proceeded in the morning hour to the
consideration of the Senate bill TO provide nation Al
currency Of coin AMI and to equalize the dis.
;rDuIlon OF circulating notes, to which Mr.. GAR
FIELD rep.) Of Ohio, had offered the following as
substitute
in to sSrSd
by the twentysecond section of the "Ac provide
sssa fshS Of and Snss eos
Sef Ss S ae ns Of notes
lied to be orsauaej in those States Territories having
ss Act "c 20
vide na0n , secured cur by pledge Of United States
apppss bonds depesea BY
herein shall De ns any desv
n % IF e noS @ he Sas IN
thorzed shall made within year the passage
OF this by banking associations
organized In States having less than their proportion II shall
be lawful for the Comptroller Of the Currency issue scn
circulation to banking associations IN other States
ries not In applying for the giving prefer
ence to such have the greatest dehcency and PROVIDED
lurher that banking association hereafter organized
snail have q circulation Ia excess OF 15j0,0Jl.
SEQ And be further enacted That at the end OF each
mo aicr the passage OF this act shall be the duty Of
the comptroller OF the Currency TO report to the
the treasury the amount OF circulating notes ssue
the provisions Of the preceding section national
associations during the previous month whereupcn
Ietay OF the Treasury shall redeem and cancel
e nree centnm temporary loan certificates under
he acts OF March 1857 and July 2 l6S not less than The
houht Oh circulating notes reported and may II
sars, IN oruer to procure the presentation of such
nporary loan certificates for redemption, give notice
ne hoer thereot by publication otherwise that certain
o. su cerncates (Which shall be designated by number
oaie ao a0uns shau ccase to bear interest from and after
day TO be DESIGNATED in such notice. that the certificates
the awlu money reserve In any bank
ing associaon and after the day designated in
no sha be paid on such certificates and they shall
not DC counted as part the any bank
Ing association And when the amount of additional
cuatng notes issued In accordance
preceding section OF this act shall tue the
fea per centu temporary loan Secretary
the treasury shall at the begning each month redeem and
cancel an amount of United States elua TO eighty per
centum OF the amount OF additional circulating notes issued
to national banking associations during the preceding month";
SEC And lie It further enacted That TO secure moro
equitable distribution OF the national currency there NAV be
ISSUED circulating notes " banking associations organized in