New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-04-11
The New Finance Bit,

AS matter Of record VIC give below the
vote as it stood in the Senate on the final
passage of the new finance bill, and the
text of the bill AS finally adopted. The bill
was read third time and passed, yeas %,
nays "a, as follows:
Yeas-Allison, Republican, Iowa; Bogy,
| Democrat, Missouri; Boreman Republican.
| West Virginia; Cameron, Republican, Penn
| sylvania; Carpenter, Republican. Wiscon-
sin; Clayton, Republican. Arkansas: Dor
sey, Republican, Arkansas; Ferry, Repub-
| Ecan, Michigan; Goldthwaite, Democrat,
| Alabama: Harvey, Republican, Kansas:
| Hitchcock. Republican, Nebraska; ingalls,,
! Republican, Kansas; Johnston, Democrat,
| Virginia. Lewis. Republican. Virginia; Lo-
| gan, Republican, Illinois; Nc Creepy, Demo
| crat, Kentucky; Merrimon, Democrat,
| North Carolina; Morton, Republican, In
diana; Norwood, Democrat, Georgia;
| Oglesby, Republican, Illinois; Patterson,
| Republican, South Carolina; Pease, Eepub-
| lican, Mississippi; Pratt, Republican, In
diana; Ramsey, Republican,, Minnesota;
! Robertson, Republican, South Carolina;
Spencer. Republican, Alabama: Upton,
publican, Louisiana; Window, Republican,
Minnesota-29.
Nays - Anthony. Republican, Rhode
Island; Conklipg, Republican, New York;
Cragin, Republican. New Hampshire; Chan
der, Republican, Michigan: Cooper, Demo-
crat, Tennessee; Davis, Democrat. West
Virginia: Fenton, Liberal Republican, New
York; Frelinghuysen, Republican, New
Jersey; Hager, Democrat, California; Ham
ilton. Republican, Texas; Howe Republi-
can, Wisconsin; Hamilton, Democrat Mary
land; Hamlin. Republican. Maine; Jones.
Republican, Nevada; Kelley, Democrat,
Oregon; Morrill,, Republican, Vermont; Sar-
gent, Republican, CALIFORNIA;; Schurz. Lib
eral Republican. Missouri: Sherman. Re-
publican, Ohio; Salisbury, Democrat, Della
ware; Scott, Republican, Pennsylvania;
Stewart, Republican. Nevada; Thurman,
Democrat, Ohio; Wadleigh, Republican,
New Hampshire-2i.
Paired-Gordon, Democrat, Georgia, with
Bayard, Democrat, Delaware: Bro willow,
Republican. Tennessee, With Flanagan, Re
publican, Texas; Mitchell, Republican, Ore
gon, with Boutwell,. Republican, Massachu-
setts; Sprague, Republican, Rhode Island,
with Morrill, Republican, Maine; Concver.
Republican, Florida, with Stevenson, Demo-
crat. Kentucky: Ransom. Democrat, North
Carolina. with Stockton, Democrat. New
Jersey: Wright, Republican. Iowa, W It'll Ed
munds Republican, Vermont.
TENT OF TIE BILL.
The title of tho bill was amended So as to
read as follows:
A bin to iix the amount Of United States |
notes and the circulation Of the national !
banks and for other purposes.
BE it enacted by the Senate and House Of |
Representatives OF the United States of |!
America i'll Congress assembled, That the !
maximum amount of United States notes is |
hereby fixed at 500, coo, 0O0.
SEC. >. That $ $4,000, 600 in notes for cir
culation, il addition TO such circulation |
now allowed by law. shall be issued 10
national banking associations now organ
lied, and which may ba organized here
after, ard such increased circulation shall |
be distributed among the several States as
provided IN section enc of the act entitled !
:. An act to provide for the redemption of
the three per centum temporary loan GER
tifioates, anl for an increase of national
bank notes" approved July y, 1870.
SEC. g. That each national banking asso-
cia alton now organized or hereafter 10 be or
ganized shall keep and nlaiatain as part
Of its reserve required by law one-iourth
port of the coin received by it as interest
on the bonds Of the United States deposited
as security for circulating notes or govern
meut deposits, and that hereafter only one
fourth of the reserve now prescribed by law
Tor national banking associations shall con
slst OF balances due TO an ASSOCIATION avail
abletor the redemption OF its circulating
notes from associations in the cities OF re-
1emptlon. and upon which balances no IN
terest shall be paid.