The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1874-05-07
WASHINGTON.
WASHINGTON, May {
$4,000 Sufferers.

people have been driven from their
homes and are now without food or sbel
ter, and that to furnish these provisions
alone will cost s25,0O0 day. ,
south Carolina Affairs.
Mr.. Eldridge from the Judiciary
Committee, to-day submitted mino-
rity report on the condition of affairs
in South Carolina, and it is generally
concurred IN by the eLtire minority oil
the Judiciary Committee. The report
says: at is impossible to turn deaf
ear to the supplicating wall OF three
hundred thousand oppressed and des.
poied citizens OF that once prosperous
and happy State, praying only that in
auiry be made into their alleged wrongs.
We cannot find in the reproaches OF the
conduct OF the memoralists in the past
any reason or justification for refusing
the hearing they now request. Their
fidelity to the Constitution and laws is
now uuquestioned, and this plea is made
in respectful terms.
The report recites briefly and point
edly the list of grievances complained
OF and predicates from them that the
charges OF the memorislists are true,
and concludes as follows: "In view of
the whole case we cannot hesitate to
recommend the appointment OF CONF
ni,tee OF both houses of Congress. with
pow er and authority to 60 into the State
Of South Carolina and fully inquire and
investigate into the condition Of the
State and the charges of the memorial.
ists. To do less we feel that We should
violate and neglect q most solemn
and important duty. The cry OF that
outraged and hel pless, and suffering
people has reached our hearts as we'll
as our understandings. That once pros
periug a.d beautiful State is on the
verge OF ruin. She is indeed already
proetrated; a hoard OF thieves and rob.
bers, worse than any that ever inflicted
anv civilized community on earth,
have her by the throat and are fast
sucking her lie blood. 100000 OF her
citizens, descendants Of those who
fought with our fathers the battles OF
American independence and liberty,
are crying to Congress for redress and
help. They have suffered all that hu-
msnity Gun endure. They have exhaust
ed every resourceland are utterly help
lees of themselves. To refuse their re-
quest is to drive them to despair and
ruin.
The comptroller of currency has call
ed upon the National banks for reports
exhibiting their condition at the close
OF business on Friday May lst.
New Finance Bill.
Mr.. Sherman reported the following
from the Senate Finance Committee 10
dav, as substitute for the House cur
rency bill:
| B. it enacted, &C., The act to provide
National currency secured by pledge
OF United States bonds and to provide
for the circulation and redemption
thereof, approved June 80, 1864, shall
hereafter be known as the National
Bank act OF 1864"
Section ID. That section 81 Of the
National bank act OF 1864 be 60 amend
ed that the several associations there
in provided for shall not hereafter be
required to keep on hand any
amount of money whatever by
reason of the amount Of their respective
circulation, but moneys required by
said section to be kept at oil times on
hand, and shall be determined by the
amount OF deposits in ell respects as
provined in said section, and said Ma
tional banking associations now organ.
lied or hereafter to be organized shall
keep and maintain as part OF its re-
serve one-fourth part Of the coin re-
ceived by it as interest on bonds OF the
United States deposited as security for
circulating notes or government depos-
| its
Section Sd. That sections 81 and 3
OF said act be amended by requiring
that each of said associations shall
within ninety days after the passage o.
this act, keep its lawful money reserve
within it's own vaults, at the place
where it's operations Of discount and
deposit are carried on, and all provl-
sions of said sections requiring or per-
hitting any Of said associations to keep
sny portion OF its lawful money reserve
elsewhere than in it's own vaults, or
requiring or permitting the redemption
of it's circulating notes elsewhere than
at its own counters, except as provided
for in this act, are hereby repealed.
Section 4. That section ~ oil sAld act
and the several amendments thereto, 30
lar as they restrict the amount Of notes
for circulation under said act be and
the same are hereby repealed, and the
proviso 10 the first section OF the act
approved July 18th, 1870, entitled IAN
act to provide for the redemption OF the
three per cent temporary loan certifi :
Gates and for An increase of national
bank notes, prohibiting to banks there
after organized circulation OF over
five hundred thousand dollars" and the
proviso in third section of said act lin.
iting the circulation of banks author
lied to issue notes redeemsble in gold
coin to one million dollars, and section
6 OF said act, relating to the redistribu-
ton OF twenty-five millions OF circu-
latipg notes, be and the came are here
by repealed; that every association
hereafter organized shall be sub
iect to and be governed by
rules, restrictions and limitations, and
ossess the rights, privileges and fran
| .L;.~, ,nv- Ar harsa n or tn he rYeacrihed