, 1874-04-28

BILLS INTRODUCED IN THE nousE


WASHINGTON, d. G., April 27.--1n the House
to-day, number Of bills woro introduced In The
morniug hour, and bill taking tho coantwiso
Shipping Commissioners net. Tivo financial
bills wcro introduced. Ono by Judge Poland, Of
Vermont, providing for FREQ banking and tho re-
domption Of National Bank notes. and speedy
return to specie payments.
Tho following Is synopsis. It ropreaonta tho
essential fcaturos Of tho compromise proposed
by Eastern mon:
Sec. ropenls all tho nets limiting tho
au..,,nt Of bauk circulation. SEQ. 2 provides for
isauing circulation to all banks Which may DO
duly organized under tho existing laws, who
furnish tho required aecuritios. 6eo. provides
that, as fast as tho circulation is iHsuod to the
banks, 80 per cont Of tho amount shall DO retired
in groonbaeks until tho amount OF grecnbacks
ahall bo reduced to S250,000.000. Sec. author
izos the issue Of 3400, 900 OF United States
cent for thirty ycara, to bo used exclusively for
retiring greonoacks, and provides that every
holdor Of .grconbacks maj exchange tho same
for such bonds and all ,greenbacks thus OK
TINT after July /, 1875, tho Govern.
coin. on presentation, and that one.halt Of all
custom a aatea ay be patd IN unit0d 1T States
BY National Banks to other National Banl.s on de-
posits, except by banks acting as rcdeening
agents for other banks, aud thon only to the
amount that tho Inv authorizes them to kcep us
thoir rese1yo In tho hands Of auch ro{ooming
agoute..
One by nlr. Hooper, Of massachusetts, to
increase tho issue Of National Bank currency In
states and Territories having lees tl1an tho
specie paylnonts. Ono By Judge Law
romeo. of Ohio. to facilitate q retuln
to specie payments and to prcTont fluctuations
in the ralne Of United states notes: One by n1r.
Of legal-tondor notes and interest bearing bonds,
and to reduce the interest on tho public debt.
Aud, 1nstIy, one by DR. shoemaker, OF pennsyl-
vania. to provide for froe banking. Mr.. Fort, OF
Illinois, introduced bill imposing tnx. on tho
income of corporations and persons where they
RIO tho Associated Frtssl
IASK-N0TE PRINTING.
WASHINGTON, D. G., April 27.-For tho last
! four years portion Of tho logal-tender and
fractional currency notes has beon printed by
each of The Now York Bank-Note Companies.
leaving tho finishing impression to 10 executed
| by tho Treasury Department. Owing 70 tho ro-
cont establishment of the Columbia Bank Note
Company In Washington which Is now printing
tho Government notes, representatives Of the
| New York companies Gro horo mud hnvo bad o
hearing before the House Committee on Bank-
ing and Currency the object being to to
4emsoves Of rredors aa r. '' stadon ssF't today
appeared before tho Committee AZ representa-
tive OF the Columbia Bank-Note Company. He
WIS asked by Mr.. Hubbard, who, In part, repro
cents tlle combined Now York Companies, about
the issue of $40, 600 stock OF tho Columbia Com
pany to Stanton as trustee for s. ?. Smith, OF
New York. Stanton's answer brought out tho
fact TINT tho stock was given as q consideration
for Smiths influence III obtaining tho contract
from the Treasury Department. for tho Columbia
Company. Assistant Secretary Sawyer protested
against tho proposition OF the Hubbard mon tc
examine employees Of tho Treasury Department
without FIRST APPLYING to tho Secretary. the Dc
partmont always being roady to giyo tho proper
facilities for that purpose.