New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-01-16
THE UORINTHIAN PUTS IN TO COAL


Credit Mobilier and Conference.-The LIE gis-
iative Appropriation Bill-Re-Issue OF
Withdrawn Legal Tenders-Bill ia
Compromise Claims Against Southern
RailrOads-Light Draft Snag Boats
National Bank ISili-Bill 10 Amend the
Bankrupt Act.
WASHINGTON, January l5.-Sen0te.-A res.
olutiOn was adopted instructing the credit
mobilier committee to inquire whether any
member of Congress had been paid as at
torney of the Pacific Railroad Company
and whether railroad money had been used
| for the election of any mem Der of Congress.
The legislative appropriation bill passed.
A minority report OF the Committee of
Finance, submitted to-day states that Sec
! retary Boutwell, had the right to issue the
legal tenders heretofore Withdrawn. Re
! port ordered printed.
Mr.. Alcorn introduced bill authorizing
the Secretary of War to compromise and
settle all pending claims of the government
against Southern railroad companies Re
ferred te the Judiciary Committee.
Mr.. Sherman, from the Committee on
Finance, reported bill to require national
banks to restore their capital when i'm
paired. 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 by assessment upon the
shareholders pro rata from the amount of
capital stock held by each, and the Treas
urer of the United States shall withhold
the interest upon all bonds held by him III
trust for such association until notice
from the, Controller of Currency, or
until otherwise notified by him,
and il such banks shall fail to
ray up their capital stock, and shall refuse
- 60 into liquidation as provided by law
I IT three months after receiving notice from
TIE Controller, receiver may lie appointed
to close up the business of such association
according to che provisions of the fifteenth
section of the national currency act.
Section two provides that section fifty
seven of the same act be amended by
adding IT, retO the following: "And pro-
vided fur er, that no attachment, injunc-
ton or g cution shall be issued against
such asso latiOn or it's property before final
ludGmFn' n any suit, action or proceeding
IN any = are, county or municipal court"
SEC. .hat all banks not organized and
traDsdctIDG business under the national
currency acr. and all persons, companies or
corporations duing the business of bankers
brokers or wings institution are prohibit
ed from uug the word national as a
portion OF :br name or title of such bank,
corporation, firm or partnership, and every
use the word 'naUiOpaP' as a portion OF their
corporate title or partnership six months
after the passage of tois act, shall be sub
ject to penalty Of hfty dollars for each
day thereafter such words shall be en-
ployed as aforesaid as part Of such corpo-
rate name or title. Such penalty to be re-
covered by action in any court having
j Jurisdiction.
Hotse-The bill authorizing the Secretary
of War to contract for light draft snag-
boats, to ply on the Missouri, Arkansas and
rivers, the expense not to ex-
ceed $4,000 in addition to present appro-
priations for that purpose passed.
Mr.. Butler, of Massachusetts, from the
Judiciary Committee, reported bill to
amend the bankruptcy act, by relieving
from its operations State insurance cOmpa-
MES, against which proceedings in bank
ruptcy are taken "a State courts. The bill
passed.