New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-04

TiIR ARMY BILL IN THE HOUSE,
SENATE. ..... WASHINGTON Feb 8. 1874
Mr.. FLANAGAN Rep., Texas) presented
petition OF the colored citizens OF Atlanta
Ga DENYING the statement by the Hon. A. H. Stephens
IN his speech in the of Representatives that the
cOored people Of State did not desire the passage
Of the Civil Rights bill and resolution OF the Georgia
Legislature to the effect stating that both were
without foundation In fact Referred 10 the JUDICIARY
Committee
Mr. LOGAN Rep.. ni) from the Committee on Mill
sary Affairs reported unfavorably on the bill providing
for armnR and equlppng the whole BODY or mliua OF
Appointments in the army. The Committee was dis
charged from the further CONSTIPATION OF those bills
Der OF paymasiers the army Placed on the calendar
Mr.. CONKLING (Rep. N. " presented petition OF
the marine insurance companies and citizens OF New
York in relation the photographic Offce under the
NAVY Department and the importance OF its work 10
commerce aud asking for appropriations to encourage
and that service Referred to the Committee
Mr. SHERMAN rep, Ohio. from the Finance Com
miteo reported back the bill introduced by Mr. Sargent
yesterday IN relation 10 certain guarantee deposits
OF mail contractors in the Post-Ofice Department.
Passed.
MT SHERMAN introduced bill for the redemption
and reissue of United legal tender and National
bank notes. and for free banking. Referred to the
Finance Committee.
The following is the text Of the bill:
Re eaaad It, ls Of January 1878 the sere
o o. o H5 treasurer The CIV Ner7ofs 70 any, holder
900. multiple thereof
sIcsag for sqh Tote, An eae s%SaS o. ' s0 CON ~ @
for aid equal smOust Of COUPON registered bonds Of e Un
multiple q thai IeIseH.bs ia coin e ta: Rrssso.
and bearing interest payable a9srteIy ~ s0ee
coin = The rate Of 1s D STS P State. ssG notes $40 bs
Uni States no.es to The same 'noant he
the pablo .eryos and the thereon hs be
from from st S form By or under State municipal
susO5g and ths s oaq' 'a os s s .b WITH s cOupoS
b. the Treasury Of the United States
aggregate circulation Banks prescribed by law
H .o 80 S1a u s1 TS is States osS sa IS Ss
An SCI authorize the retundng Of the deo
STc 3 That Section 81 Of amended read FOL
Tb., eyer National Banking Association shah have hand aw
1iIsJ Stpd '1S U aaS rSeSycr the onsy %
b,I no, soresss i liabilities by making ous discounts
ohergse than BY doaning o. pyreh4ag bills 81 n, eaesps9
oecon between the aggregate oi deposits and It's lawful
- q he, u% S .9 consist .S s' Of he United
state; provided that % Ps OF
deemed to be lawful Honey IN the Of any
Ssrscs.s and shan be considered be o. the lawful money
D soSs sue. q hi. seoa aid .sS
q s Go' n ,o,e l be SsloS S amount 70 Be kept on
b.d % make goG such ri.s'Se Voc, snq :oT 81
money The Controller with the concurrence o. 'hs secretary o. ,ns
Treasury sppo 70 Wind up he business aou aa'oaon
SEC ina, Section 80 Of said be amended to read a.
That Eo Bsstn, Aosa9. shall Ts g n 4, spas
10 de "a, Of EesYorE when presented Of $1,000 OAny
issa MONEY United cens for that purpose
.s S Ss s5 such sa money 70 the redemption
stg banks when presented " aforesaid II any s9sa
CurrcoeV nay spo receiving satisfactory evidence thereof appoints
. ,sn. w. % 50S i he 1ia states belonging
s9 n: Sio thereof .o RSi' 10 . d SS' @
gfo, that netting !. This a lI n's sB any Ss % avon
money demand and provided further that sy.y .s9ssuoa formed
aa debt liability 70 said association s3y ana all notes OF o'
Sac d Th section 6 entitled An act 10 provide for the
redemption three oenum loan ceaaiea and Tor
National bank notes. approved July H. 1870 be and
FSe Senate then proceeded TO the consideration Of bills
on the calendar and that for the relief OF VIM H. Nesey
was taken up. Pending vote the morning noun ex-
pred and the bill went
The bill authorizing the Committee on Printing TO
contract for reporting the ueoaeS Vi Tue oeuae was
Mr.. WINDOW rep MIMI SAID he observed in q New.
York newspaper article which purpOrted to Dr. an
abstract OF report made 10 the Senate by the Com
IN. tee Transportation The fact was that the Com
meeting for some days: He Mr Wlndoml had prepared
,stracs certain judicial decisions on the subject be-
core the Committee and had them printed solely for the
convenience OF the members Of the Committee, and he
snpposed that that paper was a private and had
not received the sanction of any member OF Com
mttee No responsible for II but himself, and
ne DID not know how the paper obtained.
rus REDsTRIBUIIoN OF THE NATIONAL BANK CIRCULA-
Mr.. SHERMAN QIep, Ohio) from the Finance Com
mtee reported the bill ameDdatOry of the act Of 1870 in
relation increase circulation Of National bank
and stated that the object O this bill was 10 nave
more equal distribution OF the currency by the with
d.awaI of S25OOOOO from the States in excess and the
distribution Of it in the West and South among the
States deficient He said the bill met the approval OF
rency and every member of the Finance Committee
and he would cali IL up for action al an early day
Placed calendar. The following is the full text
BE e1aed It, That Jny 10 1870 pro
son sSS sfer the s54 900 900 granted in section
said shah have been akea mp hereby repealed and bs be
S.eary forthwith carry execution
tb. nroyop Of Section OF sd act and to
"sSoyd and ro1ire from time tot time as needed o the exc
Of said section 20 make acquisitions upon each OF the hon
described said section organised states having an excess Of
circulation withdraw and return mach their circulation as by
said act sppcroned be Withdrawn from them 10 lieu
thereof TO depoi IN the treasury Of the Um.1 Staes Au
seut uaton aan t1e return OF the eIu
sppropH s@ount Of tie circulation OF
ASSOCIATION shall make such return or deposit shall be surrendered
sac That upon IN. failure National b.nis upon which
the required deposit the Treasury awful money
redeem the circulation required within 50 d'm ne CSaiIoe Of tss
aSey act Of jane 1894 bonds held the redemption
70 an nouui reeen the circulation required Of
associations and with the prGos.s -cS Sa BE- S9o n
associations shall be redeemed As will equA the amount
ts ss sUired for such redemption .bS b. returned
association associations whose bonds shall have been sold and
National bank dep'aes Of the United States who
ons as shall a 10 urn circulation deposit lawful
required asso and reuu 70 the Treasury Tor toe
S o. 'sss 1s 5 se rs3s ~ swan
$40 Tsst from and n. the passage this act shall be lawfal
for he Controller circulating notes In the
proportion provided BY law associations oania 70
those States and Territories hsvns less hn % pro-
porOa ofoHAton under spDortonuent made Oh Ios o
g,s 40 q .sh r. esTS , ~ s@. issued 70 ueh Ssni
and withdraw and redeemed from banking Aocopt
s hall foS i'm, &. t. wdTss1 and
shall be necessary supply baa IN those States having ie
Mr.. SARGENT Qsep CALI introduced bill which was
referred TO the Committee Education and Labor 10
Bureau Health.