, 1874-06-04
CONGRESSIONAL RECORD.
SENATE.

k541A44AA41s
WASHINGTON, D. O., June s.
COMMITTEE REPORTS.
N1r. SCOTT, from tho Commltteo on Finance.
reported fayorably on tho HOUSE bill to anlond
tho ohartor of Tho Frocdmon's Savings and
Trust Company. Passed..
The bill provides that. within ten days nftor
enactment, the Comptroller Of the Currency
nhall appoint throo Commissioners, who, uniler
bis direction and the control Of tho Secretary OF
the Treasury, slall takc possession of tho boola
mud I'LL asacts Of the bAnls and its branches, and
proceed to wind up all tho business OF said bank
md itH branches. and pay into tho United States
Treasury all tho money realized thorefroln. THO
Comptroller Of tho Currency Is to doolnre and
sioners arc to receive q salary Of $4,000 per
annum, and giyo bonds IN 925,000 zach. It Is
provided however, that if In tho progrosa Of
winding up tho Comlnisstoners and Comptroller
OF tho Currency shall at any tinlo bo Of opinion
they may with consent Of tho Secretary Of tho
Treasury turn 1t over to the Board OF TruBtoos,
who alnll then rcsurna their prescnt powers.
sAy1E6s-pANKB.
Mr. SHERMAN, from tho Committee on
explanatory Of THO act of June So, 1864, in ro-
gard to Hayings-banlss, with tho amendment
which was agreed to, and tho bill passed. It
rea1s as follows: That ali deposits
%as' nE Which ii tho do 'Etees Stoesy now gv '7st as
Laws Of their respective States, or by Congress-,
arc horeby declared to DO exempt from taxation
the snrno as deposits in aayings-instituton inv
ing no capital. and though they have capital
stock or bonds for tho additional security Of
their dopoBitora md pay dividontis thereon
and no tux shall bo assessed upon tho depoBits
nlado in such institutions or collected on thoir
said dcposits, otlorwlHo than as horein pro-
vided. Provided, TINT oil tho profits of such
sayIngB-banka, loaa the aforementioned diyi-
doutls OH stock, not exceeding ut tho rate of
POI, cent pcr anuun, arc divided nmong tho
depositora. and that tho capital stock is invested
sued for invested deposits, and that interest ut
arato not loss than ~ pcr cent bo paid in all
cnBcs to their depoAitors, to bo mado good, il
necessary, from tho capital stock.
CHEAP TRANSPORTATION.
The morning, hour having expired, tho CHAIR
called up unfinished buatnoss, boing t1,o cheap
transportation resolution Of Mr.. Window.
CONSULAR n1LL.
It Was laid asido informally, and the sonato
proceeded to tho consideration Of the Consulnr
and Dlplomatic Appropriation bill. Several
amendments woro agreed to. Tho bill Was then
road q third timo aud passed.
Nlr. SARGENT called up
THE PENsloS-ArPRopn1AT1oN DILL,
which waB road. He oxpIRined that tho total
amount appropriated by lie bill waH $40, $50, 900
n decrease of $500, 900 as compared with tho bill
Of last year. Tho pcnBion-roll would bn smaller
and smaller evorY yoar, unlcgs Congress should
Improperly increase it by putting on now cnses.
tea wna ous to fix tbo fee for nronarjrr vonchora
and administering oaths ut rs conts inIench caso,
instead Of 20 cents as in tho House bill.
After discussion, tho amendment Of tho Com
and tic hill was road third rinio md nnssoti.
"A@ Wv "'1 W." nm @ tvTsno,, r11I ,aIt1 "D" p"oo0a
Mr.: W1ND6af tLon caliod m In cbe,n.+rora.
narration rcsnIntion s"hm;ttci ,v h;n, ~, to
18th Of May, instrt1cttng tho Committee on Ap-
nr R;vor nn.i Hnrhnr snrronr;o t;n,, mi y. "n,,,
ni0to tbn survcv ami nstin,ntos fnr oach ~ t1,o
imnroyamcnra rocnmmenfad hy thu scIcct fom.
mittoo On TRANSPORTATION upon four routes iutli-
Il wna mi Tia ;ntor+;on - ~ ,,oe IL
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