New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-05-15
HOUSE OF REPRESENTATIVES,.

Mr.. DURHAM Dem., KY, from the Bank
ing Committee, reported bill TO amend the charter OF
the Freedmens Savings and Trust Company. Ii makes
the duty OF the bank officials 10 make loans 10 the ex
OF hall their deposits unincum0ered real estate
in the vicinity the agency branch OF the Company,
with at least double the amount OF the loans, and 10
collect as soon as possible the loans made real
estate outside Of the State in which the deposits
made. 1t allows the Trustees with tho consent
Of the branches or agencies. 1t forbds the
IL forbids the pay ncnt of more than per cent interest
deposits and provides that. whenever is deemed i'd
ton the trustees Shall select competent
ute the proceeds among its creditors pro rata.
Mr. DURHAM proceeded 10 explain and advocate the
bill. As of a Subcommittee TO examine the affairs
Of the Freedmens Bank, lie had to the conclusion
that there had been some irregularities IN the manage
and that according TO tho estimate put upon the prop
erty, the institution was not solvent to-day. Stl
property enough pay every dollar due and that with
heE could i'm less than twelve months be able to meet
all their liabilities, and pay every dollar due 10 their de-
Mr. BRoMBERG uib Rep, Ala) opposed the bill,
and argued that the bank was utterly ins0lvent
MERRlIM Gisp. 4. y. aud. HAwLEY (Kop. Conn.,
the Oil was passed.
THE DEFICIENCY BILL.
The House then at o'clock went into Committee of
the Whole, Mr. NIBLACK Dem, Ind) in the chair, on
the Deficiency bill.
Mr. SHANKS (sep. Ind moved to strike out an item
OF go 900 for the rent OF building IN Washington due
Jno. W. Wright. He made the motion, he said for tho
purpose OF putting record the fact that the Interior
Department rented building from a man who had
robbed and plundered the Indians and who had put up
this building with the proceeds OF his plumber.
Mr. NE5MIIH lDem,, oregon suggested that IL
Wright had robbed the Indians, that reason
why the Government should ROB Wright Tho motion
rejected.
The item OF s3sG reimburse the fund OF the Reform
School In tho District of Columbia aud which had been
in the hands Of Henry ID. Cooke Treasurer at the
time OF the bankruptcy OF Jay Cooke 81 Co.. gave TO
(Dem Ind characterized the loss OF the money rs an
act OF ENLIGHTENMENT, whichtphrase repudiaed by
Mr.. GARFIELD (Rep., OhlO who spoke OF Mr.. Cooke
as an unfortunate man. who had been greatly trusted
and who had failed IN consequence OF great calamity
The Item passed with an amendment offered by Mr..
Holman, directing an investigation into the matter by
the Attorney General.
49, TIE CONSULAR AND DIPLOMATIC BILL.
The bill laid aside TO be reported to the House.
and the Committee, Mr.. Burrows Rep., Micb) In the
chair took up the Consuar and Diplomatic Appropriar
tion bill The following Is a summary OF the blll:
The appropriated S33i7 30i total estimated
32675f total amount last ST..
81 359 The matter appropriated ~ Tie claims Of British
subjects 81 ,929,sl5.
Mr. SWAMI dem, Md, who had charge Of the bin,
exnlaned its various provisions
On the conclusion or Mr.. Swann's speech the Commrt
tee rose without any action the Consular and Dplo
matte Appropriation BILL and reported the Deficiency
bill which was then passed. =
MIR POLAND Qsep, VT, from the Committee on the
Revision OF the Laws, reported bill TO revise and
the statutes relating TO the Dstc. OF Columbia
that were ia force on Dec. l, last Passed
The House then, at ii5, adjourned