Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-02-04
CONGREs sIONAL.
Senate Bill to Hasten DistriEus
ton of the Currency.
The Bankrupt Law up for De-
bate.
The Army Bill in the House
SENATE.

The Army Bill in the House.
SENATE.
WASHINGTON, ID. c., Feb. 3.-Mr. Flan-
asan presented petition of colored citizens
of Atlanta denying the statement of A. FL.
Stevens in a recent speech that the colored
people of Georgia did not desire tie passage
If the civil rights bill and resolution OF
the Georgia Legislature TO the same effect.
TiI;2 iI;;a2 petition declares the statement and
resolution was without foundations Re
ferTed.a WGhFf
Mr. Logan presented a resolution OF the
Grand Army of the Republic asking the
EQUALIZATION of bounties. Referred.
The Mississippi Delta
Mr.. West asked that the bill TO facilitate
the execution ana protection OF certain
works of improt;a eiIlent at the mouth OF the
Mississippi river, be considered
Mr.. Thurman asked that it be postF0ned
until to-ffiofrcw morning, and MI. west
waived his motion until that time.
Mr.. Sherman, from the Financs Com.
mittee reported Dacs the bill introduced
yesterday in relation to CERTAIN guaranty
deposits Of mail contractors in the POST
Office Department. Passed.
GRADUAL Resumption by Gold Notes.
Mr.. Sherman introduced a bill for the
redemption and reissue of United States
legal tenders and national bank notes, and
for free banking. Referred.
The Senate then proceeded to the con-
sideration of the calendar, and that Of the
relief of VIM. n. Vesey was taken up.
Pending vote the morning hour was ex-
pended and the bill went ever.
The bill authorizing the COMMITTEES on
Printing to contract for reporting the de-
bates Of the Senate was taken up and
passed.
To Distribute the Currency.
Mr. Sherman from the Finance Commit
tee reported bill amendatory of the act of
1870, in relation to an increase in the cir
culation of National Bank notes, and stated
the object OF this bill was to have more
equal distribution of the currency by the
withdrawal of S25,0O0,000 from States in
excess and the distribution of it in the
West and South among the States deficient.
He said tine bill met the approval OF the
Secretary of the Treasury, the Comptroller
Of Currency and every member OF the
Finance Committee, and he would call 1t
up for action at an early day. 1t was placed
on the calendar, The following Is the full
text Of the bills
Be it enacted, etc, That so much Of the
act of July y, 1870, as provides that no cir
culation shall be withdrawn under the pro
visions of section @ Of said act, until alter
the S54,0OO,00O granted in section l of said
act shall have been taken up, is hereby re-
pealed, and it shall be the duty Of the
Comptroller of Currency, under the direc-
ton OF the Secretary of the Treasury, to
proceed forthwith to carry into execution
the provisions of section of said act; and
to enable him to do so, he is hereby anthor-
lied and required. from time, as needed to
| the execution OF said section, to make re
guisitions upon each of the National banks
described in said section organized in States
| having an excess Of circulation, to with
| draw and return so much Of their circula-
tion as by said act may be appOrtioned to
be withdrawn from them; or, in lieu there
| of, to deposit in the Treasury Of the United
States lawful money sufficient to redeem
such circulation. and mon the return o. tie
circulation required, or tie deposit of law
full money as herein provided, an apprO-
pirate amount of the bonds held to secure
the circulation of such association as shall
make such return on deposits, shall be sur
rendered to it,
Sec. :. That upon the failure. Of the I,a-
| ticnal banks upon which re r7aU.5itiOn for
| circulation sFaii &c made, or if any of them
| fai. - return the amount required, or TO
deposit in the Treasury lawful money to
redeem the circulation required, within 30
| davs, the Comptrollerpf tho Currency shall
at once sell as provided in Sec. 80 Of the
! National Currency Act of Iune :. 1854, the
bonds held 70 se5ure t!ic redemption of the
| circulation OF the association or assOcia-
tionS which shall so fail, to an amount suf-
ficient to redeem the circulation required Of
such association or associations; and with
proceeds. which shsil b deposited in the
Treasure o. the United States, so much Of
the circulation of such association or aSSO-
Citations shall be redeeTsed as will equal the
amount required and not returned; and II
there be any excess Of the proceeds over the
amount required fer stci. redemption, it
shall he retrrned to the association or asso-
Citations whose bonds shall have been sold.
1t shall be the duty of the Treasurer, As-
sistant TreaSurers of the designated depOs-
itorieS and nati-riai bank repositories OF the
United States, who shall be kept informed
by the Comptroller of Currency of such as
sociations as shall fail to return their circu-
latiOn or TO deposit lawful money as re
quired, to assert and return to the Treasu=
" for redemption the notes OF such asse-
Citations as tkey shall come into theiI
hands until the amount required be re-
| deemed.
Sec. 3. That from and after the passage
of this act it shall be lawful for the Comp
troller of Currency to Issue circulating
notes in the manner and proportion now
| provided by law to associations organized OF
to be organized in those States and terri
tories having less than their proportion Of
circulation under an appOrtiOnment made
on the basis Of population and CT wealth, a:
shown by the returns of the census of 1870
provided that the whole of the amount o.
circulation issued to such banking assOci-
atiOns and Withdrawn and redeemed from
banking associations under the provisions
of this act shall not exceed SIS, 100000, anC
that such circulation shall from time tS
time be withdrawn and redeemed only a!
it shall be necessary to supply the banks il
those States having less than their appOr
tiOnment.
Applying Marine Law TO Steamboats,,
Mr.. Bogy introduced bill to extend tn,
provisions and limitation of the act limit
ing the liability Of ship owners, approves
: March 3, 1851, to all vessels required to b
inspected by act of Congress and to al
claims for loss of life or personal injury a
against the owners or chartererS, and in th
Captain, Mate, Egnineer and Pilot thereof
To Regulate Health.
Mr.. Sergeant introduced a bill, whicl
was referred to the Committee on Educa
tion and Labor, to establish a Bureau O
Health. 1t proposes to establish at Wash
ington under the direction of the interior
Department, Bureau of Health, the gen
eral design and duties of which shall be Il
acquire and diffuse among the people of tn
, United States, useful information on sub
jects connected with the preservation of tn
r public health and to assist whenever calle,
upon the several States and territories il
the establishment of efficient sanitary ant
: quarantine systems and regulations-th
: Bureau to be in charge of cOmmiSSiOne
to be appointed at a salary of $1,000 pc
annum and who is to be assisted by thre
| clerks