New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-08-01
CURRENT TOPICS AT THE CAPITAL.
SAVINGS BANK DECISION.
WASHINGTON, Monday, July 81, 1S

WASHINGTON, Monday, July 81, 1876.
a decision in relation to savings banks has
Just been made by he Commissioner Of Internal Revenue
10 the following effect: The Franklin Savings Bank,
located in NcwITampshire, Ia, capital stock, but In
addition 10 its regular deposits receives also the daily de-
posts the merchants and other business %; the
community which may b. checked out by the deposIors
AT time without the previous notice required OF the
regular dcpostOrs Between the bank and It's business
dcpoSitors is stipulated that interest shall be paid
their deposits but that whenever one Of them desires
a draft upon Boston, il shall be furnished by the bank
without charge To enable the bank DO this,
may require, IL keeps a Of money against which
draw deposit with bank In Boston. tbs sum Is
much less than the average business deposits held by the
Franklin Bank upon the Boston Bank allows interest
tote Franklin Bank ut the rate Of per cent per anuu
The Commissioner Of Internal Revenue has decided that
the Franklin savings Bank does not fall within the last
paragraph OF Section 3Ois OF the Revised Statutes
which provides that tine deposits in associations or
companies known pToyidcnt Institutions, savings
capital stock dong Ufhrr business than rcccEh.
deposits Ice loaned invested iOi the sole Oeht Oi
tba u,rt-. KING stci, oIpsts without profit
pcn,aIion to the as,ncatn company shall he T-upt
from tax on much Of iarr deposits ~ tfy nave IN
vested IN securities ;Ac United states ana of all de-
posts not exceeding 5000 made IN Tie name oi any
p"r-or" hn; n 10; pay Tax upon the average amount
% It's entire deposits.
wAsHINGTOEs MONUMENT.
The bill to proyid" for the completion OF the
Washington Monument, a. passed by LDtH i"'HtN u"
Congress. appropracs 100000 for that purpose, pay
able In four equal annual usallmeuts Before any p0r-
ton of tie money shah ho expended, the Washington
National Monument society Is To transfer 10 the United
state. al the pro crty and privileges belonging to that
corporation. The bll also permits that society to con
uur It's organization Tor the purpose Of collecting money
in aid of tho compctbu of the monument AMI acting ~
A cn0n.Yattge ctuiH'y with the commission charged
with ruut,et.u- work Toe comm t'Ul COLOSSUS "i
fh, President of the United States TIE Supervising Ar-
f.lt Yf he
Capitol. the Cu.N ot Euriug.r 81 TIE unit state
AIiny and the ViccPrc,dcfso OF the Mpnumont so cty
TIE VOTE oS SECRETARY RoBESONs CASE
The House adopted the majority report from
the Naval Committee to-day BY almost strict Iarty
vote. the Yea. being 100 and the Nays7L The minority
rr.ort which II IL was not % whcwIsh o. the Secretary
Of the Nayv and other officer, OF the department. "a'
hardly more judicial IN ~ treatment Of tie subject thh
that Of the majority got only - votes Many E'phh-
cans who denounced the resolution referring TIE tc7t
mony o. the Committee on the judiciary ana thu' ''
Inc lbc secretary and The Department. Ike Mdhone.'
cuiu suspended between heaven and earth untl hl''r
IN, Presidential election were unwilling 10 vote an APP
prny,l Of IN. administration The truth Is that AFTER
seven months 81 investigation the Comm ticc on NaNa.
Alan. was unable 90 mud ANY ground on when ."
" ans c,sis A. the ,lmc umr % Is uuo tht t-c NAty
Department has not been itr' irp', '',,,y. tN'I''
-tiCc. aui wl.t,ui prudiiur" ol tine appropriations
co.'s BALANCE ~ TREASURY.
Secretary Morrill, in reply to a resolution OF
The House tate, that ia available coin balance at the
close of business ON the 10Th inst S6ll57&-J a.
made mp "a follows;
Gold coin commandments 81 .G27.i50 90
Cold tI. ton .....-........ II. 5000 -
silver coin aud bullion. .....-- -,.'oo,o'' ~
against which there were mEtGiei ob"sdtoa-' pay
auc on demand IN follows; 800, J.,
Coin Interest : Iu,i1',oS' ~
Bonds called ur maiui 'd. and ..- -
interest thereon. ...-.-.....-. 5,o-' - ~
Cni, r.ri.L.l.,. ............. 3O.23u 100 90
ga l,tnand nat, ............. GG,"O1 30
Si@7-OO9I 30
leaving balance In excess OF AL obligations OF