Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-01-16

WASHINGTON, Jan. 15:--Mr. Wright,
from the Committee on Finance, made
minority report on the question of the
power of the Secretary of the Treasury to
issue United States notes in place OF any
portion of the forty-four millions retired
and cancelled Under the act of 1866. The
report was ordered printed, as well as the
majority report, submitted yesterday by the
chairman.
Trade Marks.
Mr.. Morrill,, of Maine, introduced bill
to amend the patent and copyright laws.
The bill provides for the amendment OF
section Sc, by adding thereto the following:
" In the construction OF this act the words
'cut, print, and engraving shall be re-
restricted to pictorial illustrations, and no
label designed to be used upon any article
of manufacture shall be entered for copy
right, but may be registered as a trade
mark or design for manufacture, and the
word book shall be held to include any
pamphlet or periodical publication on
which copyright is or may be desired"
Referred.
Southern Railroads.
Mr.. Alcorn introduced bill authorizing
the Secretary of War to compromise and
settle all pending claims Of the Government
against Southern railroad companies. Re-
f6rred.
Amending the National Bank Laws.
Mr.. Sherman, from the Committee on
Finance, reported the following original
bill:
A bill to require the national banks to re-
store their capital when impaired, and to
amend the national currency act.
Be it enacted, etc., That all national
banks which shall have failed to pay up
their capital stock as required by law, and
all national banks whose capital stock shall
have become impaired by losses or other
wise, shall within three months after re-
ceiving notice thereof from the Comptroller
of currency be required to pay the de-
ficiency in capital stock by assessment
upon the shareholders pro rata for the
amount Of capital stock held by each; and
the Treasurer of the United States shall
withhold interest upon all bonds held by
him 10 trust for such association upon noti-
fiaation from the Comptroller Of the cur
rencY, until otherwise notified be him, and
if such banks fail to pay up their capital
stock and shall refuse TO 60 into Hquida-
ton, as provided by law, fer three months
after receiving notice from the Comptroller,
a receiver may be appointed to close up the
business of the association according TO the
provisions of the 18th section Of the national
currency act.
Sec. 2. That section 81 of said act be
amended by adding thereto the following
"And provided further that no attachment,
Injunction or execution shall be issued
against such association or its property be-
fore final Judgment In any such suit, action
or proceeding in any State, county or muni-
cipal court"
See. 8. That all banks not organized and
tTansscting business under the national cur
reDcy act, and all persons, companies or
corporations doing the business Of bankers,
brokers or savings Institutions, are ,prohib-
tied from using the word ''National" as a
portion of the name or title of such bank,
corporation, firm or partnership, and every
such bank, corporation or firm which shall
use the word "Nationap as a portion of
their corporate title or partnership name,
six months after the passage of this act,
shall be subject to penalty Of $50 for each
day thereafter in which such word shall be
employed as aforesaid as 9 part of such cor
porate name or title, such penalty to be re-
covered by action in any court having ju-
rlsdiction.
Dahlgren-Memphis CustOmhOuse.
Mr.. Sherman called up motion to re-
consider the vote by which was passed a
bill for the relief Of the widow of Admiral
Dahlgren. At expiration Of morning hour
the bill went over.
The calendar was then taken up and a
bill passed TO provide building for the
Cuslomhouse and Postoffice at Memphis,
Tenn.
Senate adjourned.