Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-02-10
The District OF Columbia Inyestiga
tiOn-Ihe National Currency Act
The Bankrupt Bill.
The East Tennessee UniVersity-GOr-
dOn's Amendment to the Revenue
LaHs-The Fort st. Philip
Canal.
About POstmasters' Salaries es-Re:Olu.
tiOn TO Adjeurn-Wilshire, from
Arkansas, Seated-Rail-
roads, Etc., Etc.
SENATE.

| WASHINGTON February 9-Senator
: Sargent presented the credentials OF John s.
Hager, senator from California, who was
Sen stor Ramsey presented petition for the
Improvement of the Red river of the north.
Senator Wright presented a Joint resolution
of the legislature of Iowa, praying for the
passage of the house bill in relation to the Des
Moines river land grant. Referred.
Senator Sherman said that on Friday last
he made a motion to consider the vote by
which the house resolution ordering an in
vestigstion into the management of the af-
fairs of the government of the District of Co.
! lumbia, which was passed, and while he still
thought the senate should not participate in
that investigation as the conduct of the
district officials might come before the
senate in another form, vet to prevent DELAY
he would withdraw the motion TO reconsider.
Withdrawn.
Senator McCreery, at his own request was
excused from further service on the coHmit-
tee on Territories, and Senator Hogan was ap-
pointed.
Senator Boutwell, introduced bill amenda-
tory of the national currency act. Referred
The following is the full text of the bill:
Be 10 enacted, ETC., That ii shall not be lawful
for any banking association organized under
said act, or under the act amendatory thereof,
to pay interest on deposits TO banks, banking
companies or banking associations, nor shall
any such banking association receive interest
upon money deposited with any bank, party
guilty of the violation of the provisions of
this act shall be liable to a penalty equal to
four times the amount of the interest so paid
or received, to be recovered in any court of
competent jurisdiction, and 1t shall be the
duty of the comptroller of currency to cause
proceeding TO be instituted for the recovery OF
penalties aforesaid ana for the benefit of the
United States.
Section 2. That not more than one-fourth
part of the amount of lawful money of the
United States that any such association may
be required to have on hand, as is provided in
such acts, as shall consist of balances due to
such associations, aSf is available for redemp-
ton, If its circulating notes from banking
associations be approved by the comptroller
The bill for the re lief of the East Tennessee
university, appropr1sting eighteen thousand
dollars to compen safe that institution for
troops during the Late war, was taken up and
psssed-yeas, 40; ays, p.
The morning hour having expired, the
senate resumed the consideration of the bank
rupt bill, the pending amendment being that
OF Senator Thurman to abolish the office OF
register in bankruptcy, and authorizing the
district court TO dispose Of all suits in bank
ruptcy, and to appoint master commissioners
when necessary to perform the duties OF the
registers. Senator Thurman in advocating
the adoption of the amendment said its effect
would be to greatly decrease the cost in bank
ruptcy cases.
from the Presiaent of the United States, in
closing communication from the governor
of the State OF New York, formally present.
ing bronze statue OF George Clinton for the
old hall of the house of representatives
Senator Salisbury favored the adoption Of
senator 1nurmanS amendment to the hank
rupt bill. The amendment was rejected.
Senator Thurman offered an amendment
authorizing notaries-public TO take depOsi-
ttOnS in bankrupt cases.
Senator Edmunds said that no committee
had any objection to the amendment, and it
was adopted.
Senator Merriman offered an amendment
giving the assignee authority TO bring suit to |
recover debts in state courts for all sums of
five hundred doila
Senator Frelinghuysen moved TO amend The |
by inserting the words "unlesS |
the court having charge of the estate shall be |
ordered to the contrary" J" which was accepted |
by Senator merriman, and the amendment as |
amended was agreed 10.
senator Merrfman offered an amendment |
giving 10 the courts of record OF the several |
states having superior jurisdiction and Jury |
trials the power OF the bankrupt law, the |
the parties should have the same right to ap- |
peal for the removal of the cau>es to the |
by State laws.
Senator Gordon introduced a bill to amend /
the internal revenue laws. 1t provides that |
all provisions of law heretofore existing in /
relation to imposition of stamps upon |
written instruments, and all penalties i'm |
posed by law for omission or failure |
prior to the establishment OF revenue /
districts In States that have been engaged in
rebellion, be repealed; 1t further provides
and other papers which bear a date
since the establishment OF said revenue dis
tricts be extended to January, 1875, and any
Judge or justice OF the peace in said insnr-
reetionary States may attach stamps
as heretofore required upon said
documents, and the commissioner of
Internal revenue is authorized TO furnish
stamps for such purpose to the order of the
president or cashier of any national bank,
upon certificate of deposit on such bank
The bill is prefaced by a preamble declar-
ing that in the late insurrectionary States,
iurtng the war, 1t was impossible to
procure the revenue stamps required py law
10 be attached TO deeds, mortgages, and other
papers intended TO be recorded. Referred to |
he committee on finance.
Pending discussion on Senator Merriman's |
the senate went into executive |
session, and soon after adjourned.