The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1873-01-16
BY TELEGRAPH.
SPECIAL TO THE STATE JOURNAL.
FORTY.SECOND CONGREsS-..TurRD
SESSION.
Yesterdays Proceedings,
WASHINGTON. January l

"h9hANOioN, january 10.
SENATE.--A minority of the finance
committee submitted report that Secre.
tary Boutwell, had a right to issue the legal
tenders heretofore withdrawn; which was
ordered to be printed.
Mr.. Alcorn introduced q bill authorizing
the secretary of war to compromise and
settle all pending claims of the government
against the southern railroad companies :.
which was referred to the Judiciary COM
mittee.
Mr.. Sherman, from the committee on
finance, reported the following original
bill:
BE ii enacted, That all national banks
which shall have failed to pay up their cap
ltal stock as required by law, and national
banks, whose capital stock shall have be-
come impaired by losses or otherwise,
Shall, within three months after receiving
notice thereof from the comptroller of the
currency, be required to pay the deficiency
in the capital stock by assessment upon
the shareholders pro rata for the amount
of capital stock held by each, and the trea-
surer of the United States shall withhold
the interest upon all bonds held by him in
trust for such association upon notification
from the comptroller of the currency until
otherwise notified by him; and if such
banks shall refuse to pay up their capital
stock, and shall fail to go into liquida-
ton as provided by law for three months
after receiving notice from the comptroller
OF currency, a receiver may be appointed
to close up the business of the association,
according to the provisions of the 18th sec.
ton 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,
before the final judgment in any such suit,
action or proceeding in any state, county
or municipal court.
SEC. 8. That all banks not organized and
transacting business under the national
currency act, and all persons, companies
or corporations, doing the business of
bankers, brokers or saving institutions,
are prohibited from using the the word
National as a portion of the name or
title of such bank, corporation, firm or
partnership, and every such bank, corpo-
ration, firm or partnership which shall
use the word "National' as a portion of
their title six months after the pas
sage of this act shall be subject to pen
atty of fifty dollars for each day thereafter
in which such words shall be employed.
such penalty to be recovered in any court
having jurisdiction.
HoUsE.-A resolution was adopted in
structing the Credit Mobilier committee to
inquire whether any member of Congress
had been paid as attorney for the Pacific
railroad company, and whether that COM
panY's money had been used for the cleo
ton of any member of Congress.
The legislative appropriation bill was
passed.
Mr.. Butler, of Massachusetts, from the
judiciary committee, reported bill to
amend the bankruptcy act, by relieving
from its operation state insurance compa-
MES against which proceedings in bank
ruptcy are taken in the state courts.
Passed.