, 1874-06-21

Of such az shall hereafter 30 fail OF 70 into liquid
| tion.
SEC. 9. That from ana after the passage Of this
1t shall be lAHful for the Comptroller OF tho Currenc
and be s hereby ordered, to issue circulating not
e1ceed the sum Of SIS ooo associations orga
iZed, 10 be organized in those Suites and Terl
tories having less than their proportion Of circulate
under an superintendent made on tho basis OF popuL
ton and of wealth shown by tho returns of tho
Of 1870 and every association hereafter organized sha
ions, md Limitations. Ind posse:s tas rehta priv
legrs and franchfets to he prescribe
By law National B. nA1ng associations, With t
sAtne power to amend after. and repeal provided
tho National Bank act provided that tho Nnola anoul
Of circulation Withdrawn and removed from the b7ni
and that such circulation shall be withdrawn ar
redeemed a. sh2ll b. necessary to supply th
circulation previously issued to tho banks in t1oe
States having ess than their appostioument and pre-
vided further that not mora than $50 900 600 shall h
withdrawn aud redeemed, as herein contemplated
during the fiscal year ending June 10. 1873.
The tito Of the bill Is amended to read foliows:
| An act to nx the amount Of United States notes
provide for the redistribution Of tho National Ban
currency. and for other purposes"
Thu report Is slgned by al the mambezs Of tho Com
mtttee.
| IMPEACHMENT RESOLUTION.
Mr. WILSON. from the Judiciary Committee
reported resolution for the impeachment o
Judge Busted. Of Alabama, for high crimes AM
| mlsdemeanors.
Mr.. CESSNA also presented resolutions di
| reoting the Clark to furnish tho AttoEney-Gen
eral, Secretary Of the Treasury, Third Auditor
| and First Comptroller of tue Treasury. conles O.
evidence taken by the Judiciary Committee il
| the mattor of the impeachment OF Judge Story
| OF the Western District Of Arkansas SO that &C
| tiou may be taken for the restoration Ct tht
moneys wrongful'y paid to the officers Of thai
Court, and to prevent any such wrongful pay
| mont hereafter.
On motion OF Mr. sENER, the resolution was
| amended to include copies of the testimony
taken before the Committee on Contingent E1-
| penditures in the Department OF Justice in re-
gard to the same district.
| The resolution thus amended WAS adopted.
| THE LOUISIANA ELECTION.
| hfr. LAMAR, from the Election Committee,
reported resolution authorizing the issuing OF
u subpoena duces tecum TO John McEnery, OF
duco the original election returns before the
Committee on Elections on or before the first
Monday OF next December. Adopted.
MESSAGE FRoA TILE PRESIDENT.
The SPEAKER presented tho following mes
sage from the President:
10 ths Seuase a.d H0uss ef Representetires:
respectfully invita- 1ho attention Congress to
feature OF the bill entitled An act for the govern
ment Of the District Of Columbia and for other pur-
Posee." Provision il therein made for the payment
Of the debss Of the District in bond b Issued BY
and bearing Interest 1t the rate Of 3600 per cent per
annutn, with payment Of tho principal and interest
nes. debts to be abolished and no other sion
heems to be 1nado for their payment. Judging from
the transactions In other bonds. there aro good
6onds bearing this rate of interest, when
issued, will be worth much less than their
equivalent in current money Of the United 3tRes This
appears to to be Just to those to whom these
bonds to be paid md tho extent OF the difference
between their face and roal value looks Ike repaug
qure creditors Of the District Of Columbia to receive
these bonds ut par when Ia apparent that be
verted into money they must be sold 1t large dis
count, will not only prove greatly injurious to tho
District but will reflect unfAvorably upon the credit
and good faith Of tho United States, snd would
ommend, therefore, that provision be made at the
present session Of Congress to increase the interest
upon these bonds 80 TINT when sold they will bring
equivalent in monoy and that the Secretary Of the
Treasury bs authorized to negotiate tho sale Of these
bonds 1t not less than par and the proceeds there
Of to thoss who may 10 aaccrtained to have claims
{Sened} Q. s, GRANT.
EXECUTIVE MANSION, WARRINGTON, June 20, 1874.
Mr.. LOUGHRIDGE presen el tho confer
enco report on tho Indian Appropriation bill,
bill now appropriated S5,265, 900 that the bill
OF last ye.r had appropriated 25.379,000; and
that the pill Of tns preceding year had apCro-
prlated 81 900, QUO. The repolt was opposed oy
Mr. PARKER (a1o.), member OF the C:,nfeseoco
Committee, and was advocated by HANCOCK
(Te1as). also member.
Mr. BECK asked Mr.. Hancock why tie Indian
Peace Commissioners had resigned.
Mr.. HANCOCK replied that they had served
as long az the novelty. dignity. and romance OF
position we're sufficiently attractive.
Mr.. BECK expressed the belief that the Peace
Commissioners had proved too troublesome in
the way OF the indian Agents who wanted to
send iu false Vouchers and to rece1va payment
for fraudulent accounts. They had been dis
missed because they kept down the uteal4ngs.
Tlo conference report was rejcctod-67 to
147-and new conference was asked.
The point on which the report vas rejected
Was uuderstood to be the substitution OF tho In
dian Agents for the Indian Commissioners.
GOID-HAtEH
A1r. MAYNARD asked unanimous consent for
the passage OF the bill to amend the Gold-Bank
las, 90 as to allow the circulation OF gold notes
to be 90 per cent instead of 80 per cent OF tho |
par value Of tho bonds deposited. Agreed to,
and the bill passed.
THE RECESS QUESTION.
On the question OF = recess, Mr.. RANDALL
asked the Speaker ct what hour the Legislative
dav OF Monday would close.
The SPEAKER replied there could only be |
two opinions on that subject whether it ended at
midnight Monday or at the conclusion of the |
Legislative day. which would be II a. N. Tues
day. Tho Chair had not yet made up his mind
as between theee two constructions, but the
scsslon could not properly extend beyond II
o'clock on Tuesday.
h1r. RANDALL asked whether it could net be
1t II noon Mon lay.
The SPEAKER replied that there WIS no pre-
sumption ia fa;or Of that. This WAS not the
last legislative day. Ho apprehended the two
Legislative houses would necessarily agree on an
hour OF adjournment
Dir. GARFIELD stated the condition of the
Appropriation bllls. Tho Conference report on !
The Indian Appropriation bill, which had lust
been rejected, would have to go to another con-
ference. Tho Deficiency bill was not quito
through the Conferences Committee. The Post
oftcs Appropriation bill WAS NOW in conference,
lad would be ready for action this evening.
hence tho Importance Of having an evening
session in order to act on TINT Conference re-
BORT. If they hoped to got away Monday, or
:ven y Iuealsy before II o'clock. tho sundry
Civil Appropriation bill would hnyo to 20 to tho
Conference Committee before adjournment to-
lignt.
Mr. CoNGER reminded Mr.. Garfield that tbs
aiver aud Ha1bor Appropriation bill was also
OF.
H.. KELLEY remarked that the session could
'e extended for a day or two, il necessary, and
{ would oe much better to have the business
Ions as it ought to be done rather than crowded
hrouSh.
Ar. GARFIELD remarked that there would
70 no necessity for extending tbs session one
lour.
BILLS D1sPoeED or.
Tne House then resumed consideration Of this |
uaiuoah on the Spexker'6 tshia Thn aapata t