Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-02-18
The New National Bank Bill.

Heavy Award to a LOuisvillian.
The New National Bank Bill.
A Big Award Paid TO Louisville
Man
WASHINGTON, Feb. 1.-THE award in
gold Of over Sl97,O0 made by the British
and American Mixed Commission, to
Augustine r. Mcdonald, a subject Of Great
Britain, but for some years a resident Of
Louisville, has been paid by our Govern
ment. This claim was brought for losses
IN the burning Of cotton during
our late civil war, and was the second
largest claim adjudicated by the late Com
mission. The claim was originally for
s., 100000. Witnesses were examined,
and the testimony covers 1000 printed
pages Of the record Of the Commission.
An Unknown Man Throws Himself
from the Dome of the Capitol.
This afternoon an unknown man about
forty years Of age jumped from the second
outside gallery of the dome Of the Capitol
and struck his head on the roof Of the main
building, 80 feet below.
No Women 10 be Imported for ImmOr-
al Purposes.
The House Committee on Foreign AT
fairs has agreed TO report a bill supplement
tary to the acts in relation TO immigration,
which seeks to prevent the importation Of
women from China, Japan or any other
Oriental country, for leWd purposes. The
Of the law is to be visited with
severe penalties.
Report OF the Alabama Outrage Com
mittee.
The select committee appointed to inves-
tigate alleged political Outrages in Alabama
met to-day, and by q majority vote directed
the chairman, Gen. COOurD, to report to
the House the bill which was recently en-
dorsed by the Republican caucus. Messrs.
and Luttrell, two Democratic
members, protested against making this bill
the report of the committee, and insisted
that thew should endeavOr to settle upon a
report concerning the special subject Of their
Their votes were Oyerruled
by those Of Messrs. CObuTn, Albright and
Cannon, and the bill viii shortly be re-
ported.
The Southern Political Situation.
Special TO the Cincinnati Commercial.
Notwithstanding the bold face assumed
by the Republicans Of the House regarding
Southern affairs, it is undOubte lily true that
they do not feel as confident as they pro-
feSs to be. The Republican of to-day con-
tains an editorial admitting that compro-
mise on the Louisiana question might as
well be made. It is known that the Presi-
dent has also within 4 very few days ex-
pressed himself in favor of compromise,
Notwithstanding the fact that mp 10 week
AGO he refused TO cOuntenance anything Of
the sort. The fact that wholesale removals
Of Federal Ollice-hOlders in Louisiana has
been determined upon, shows that some
hitherto uniclt influence IS at york.
Political Debate on the Army Bill.
The Army Appropriation bill will prob
ably be reported this week. This bill IS TO
be The text upon which the political debate
in the House, that IS expected to occupy a
portion of the rest Of the ses-
sion, viii begin. The Democrats have al
ready announced that they intend upon
this bill to arraign The administration for
its general Southern policy. Some South
ern Republicans will eDdeavor to have at
tached to the bin amendments making ap-
for the army for two fiscal
years, which will excitl much opposition.
The bill will be in charge Of Mr.. Wheeler,
of New York, a member Of the Louisiana
Committee, and one Of the
most experienced parliamentary leaders in
the House.
Dawes Appeal for the Tax BIZ.
The action Of the House with respect to
the tax bill was very Significantly a
vote of SO to 60 the House refused 10 limit
the time for debate upon tie bill. This
means th { there are so many conflicting
interests that Representatives will insist
upon an opportunity for unlimited amend
ments and debates. This, il is thought,
will defeat the bill. Many Republicans
are unwilling to believe that there will be
q deficit. Mr.. Dawes, in appealing to
members to permit the bill to come up and
to limit the debate, intimated that If the
bill should fail an extra session might be
inevitable.
Louisiana Compromise.
The new Conservative Louisiana prOpO-
sition. which will be submitted to the
Louisiana Committee az IFS first meeting,
is this: "The question Of the election OF
1872 is not to be considered; the cOmprO-
mise is to be restricted to 1874 matters;
the Conservatives are TO be given the seven
seats in the Lower House, which will give
them sixty-three out Of one hundred and
eleven votes: the Senate is TO remain Re
publican." The Conservative members
are confident that this plan will be accepted.
Features of the New National Bank
Bill.
Special to the Cincinnati Enquirer.
The Committee on Banking and Cur
rency has had for some time under cOnsid-
Grafton various propositions TO further reg
ulate national banks, and have virtually
agreed upon a bill which is substantially
the same as that Of Mr.. Maynard, which
was introduced on the S-h inst. The COM
mi,ee has the power TO report at any time,
and will probably report at an early day and
press their measure 10 a vote. As the COM
mittee is unanimous, i, IS supposed that it
will be able 10 pass the bill through the
House, with chance for it 70 go through
the Senate.
The bill makes material Improvements
in the present banking act. In its first sec
ton it removes the restrictions in the pres
ent law by which banks having a capital
of over one million dollars are limited in
their circulation to 50, % and go per cent
of such capital. All banks viii, under the
new bill, be allowed a circulation equal to
90 per cent Of the paid up capital.
Section two provides forthe appointment
of a receiver to wind up a bank upon ap-
plication from any judgment creditorwhose
judgment is satisfied.
Seetion third provides that when any as
ISOLATION has gone into liquidation, the in
dividual liability of the shareholders may
be at once enforced by a bill in equity by any
creditor. As the law now stands, this can
not be done until the receiver has closed
his account, and in one case this has lasted
four or five years.
Section fourth provides for better entorc-
ing the payment of assessments by delin-
quent shareholders by selling their stock at
public auction.
Section fifth excludes liability for special
deposits in sealed packages or locked
boxes, unless a receipt shall be given by
the bank admitting its liability. There are
over sixty suits now pending against one
bank for such Liability.
Section sixth requires (under penalti<s)
of saving banks and trust companies Cor
canized under an act of COngTesS) all the