South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1874-05-01
Forty-Third Congress.

la the Senate, on the 22od, a message
was received from President GRANT return
ing the Senate currency bill with his rea
sons against it. A discussion arose as to
time to 60 into the confederation of the
veto message. The matter was 6uslly
dropped, no time being fixed. IA copy Of
the veto message will be found ON our frs,
page. A bill was introduced 20 enable
lndiaps to become citizens of the United
States. The IL ,uisisDa election bill was
then taken up, discussed, and laid over.
10 tie House, after the disposal of re.
titions, e., the legislative appropriation
bill was then taken up, discussed, aud n.
mended, pending which the House ad-
journed.
In the Senate, on the 23rd, Mr.. DAVIS
introduced bill to reduce the tax, Oh the
circulation of Safe banks to an amount not
greater than that paid by national banks.
! lie said the tax on the crcula ton Of State
banks was ten per cent, and on the circu.
lation Of national banks one per cent, which
practically prevented the notes of Stale
banks circulating. He saw no reason why
national banks should have the advantage
over State banks Of ten t. one. This enor.
nous tax was perhaps adopted as a war
measure, but as peace had now long pre-.
vailed there was no necessity for its con.
tinuauce. Ii the Safe banks could now
put their notes in circulation it would be
measure Of great relief TO the South and
the West. The bill introduced by Mr..
DAVIS was referred 10 the committee on
finance. He also gave notice that ut an
early day, if no other Senstor made the
motion, he would move to take up the bill
heretofore reported from the fuauce com
mittee 10 withdraw $50 600, 900 of banking
circulation from the Eas', 10 be apportioned
among the West and South. His amend
ment increasing the amount 20 $4,000,
OOO he would also Offer. The President.
IN bis message yesterday, had put the a.
mount OF the increased circulation by the
Senate bill nj 100000, 900, but ho (Mr. d J
believed it was only 500 ,000, 000-s44,.
OOO, OOO in legal tenders, q $40 ,000, 600 in
national bank notes. The Louisiana cleo
lion bill was then taken up, and was dis
cussed by Mr.. MERRIMoN in its favor un.
Ill the adjournment.
10 the House, MIR. BECK, of Kentucky.
offered resolution calling upon the Secre-
tary OF the Treasury TO inform the House
how much of the S54 900 00U banking cur
rency authorized TO be issued to States has
not been applied for. The bill to carry
into effect the fourteenth amendment to the
constitution, concerning citizenship, was
discussed, and went over. The House then
went into the consideration Of the legisla-
tive appropriation bill, which was contin.
ued until the adjournment.
In the Senate, on the 24,b, bill was
introduced 10 prohibit national banks from
loaniDg money on money as security. The
Louisiana bill was again taken up for con-
sideration, when Mr.. MERRIMoN concluded
his speech commenced on the day previous.
la the House the Speaker presented
message from the President transmitting
copies of all correspondence in relation to
the recent troubles iu Arkansas. Mr..
KAssoN, Of Iowa, gave notice that on Mon.
day he would bring 10 bill to repeal
section of the act for the redemption Of the
three per cent. loan certificates, and an in
crease of the national bank currency.
The Senate was not in session on the
25th. Iu the House Mr.. MERRIAM, of
New York, from the Committee on Bank.
ing and Currency, reported a resolution
calling upon the Secretary Of the Treasury
for detailed statement in relation to the
issue Of the fifty six millions national bank
currency authorized by the act to retire the
temporary loan certificates and increase the
issue of national bank notice, etc, with
statement az to the number of applications,
the location Of banks, the amounts to each
aud the applications rejected or pending,
etc., etc Adopted
The Speaker laid before the House a
number of executive communications, after
which the House went into Committee of
the Whole on The Appropriation Bill.
On the 9th, tho entire time Of both
Houses of Congress was taken up with the
delivery Of euloges on The life and charac.
ter of tho late Senator SUMNER.