Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1878-02-27
Washington.
THE boss LAND GRAB.

NJ 4, associated press telegram from
!. Washington, under date OF list, says
i be house committee on public lands
4 .nNday agreed to report to the house,
= In FORGETTING all land grants to the fol-
pla named railroads, with the recon-
y wusndation that it be printed and re-
omitted for the consideration of the
The The railroads named are the North
,rn Pacific, Texas Pacific, Atlantic 4
pacific, Oregon Central, Hastings & Da-
tota ST. Paul & Pacific, Saint Vincent
rytension and Brainard Branch, Wis
aonsin Central, North Wisconsin,
Honchton & Ontonagon, Detroit 4 Mil
~,niee, Little Rock & Fl Smith, ST.
louis & Iron Mountain, New Orleans,
R,ton Rouge 4 Vicksburg, North Louis
lana & Texas, Florida & Gulf Central,
pennsylvania & Georgia, Alabama &
chattanooga, Coosa & Chattanooga,
Mobile 4 Girard. Coosa & Tennessee,
Alabama & Florida, and Gulf & Ship
Island. 1t is estimated this bill, if
nassed, will restore to the public do
main about 100000 600 acres of land.
The committee agreed to report favor
ably upon the following bills: For the
restoration to the market Of certain
lands in the territory of Utah which
nroydes that the secretary of the inter-
Tor may offer for sale the present Indian
reservation in Utah territory,
and settle Indians of said
territory in the Quinta valley, and
that such reservation be restored to
public domain for the disposition as
other lands; to restore all vacant unap-
propriated lands heretofore withdrawn
for the Mississippi and Missouri railway
in the state of Iowa, situated more than
twenty miles from the amended line of
the route, and that all actual settlers
now residing on these lands be permit
ted to enter not exceeding 100 acres for
each head of a family or single man
over q years of age; granting addition
al land to Arkansas for the use of
schools; and equalizing the bounties of
soldiers who served in tho late war of
the union.
THE NATIONAL BANKS.
Washington advices under date of
Feb. Goth. state that the house
committee on banking and currency
to-day, authorized their chairman,
Buckner, to report his bill which pro-
poses to substitute for the national bank
notes, new description of treasury
notes which shall be receivable in pay
merit of customs, dues and all claims or
demands against this government, ex-
cept obligations made payable in coin
bv existing laws, and shall be receivable
at par for 4 per cent. bonds.
They previously, this morning, heard
the comptroller Of currency in an argu-
ment against the BILL He cOntended
that its enactment would be an in
fringement of vested rights, and that
the government has no constitutional
power to take this action in regard to
national banks while their charters con-
tnue in existence.
THE FULL TEXT OF THE BILL. TO RETIRE
THE NATIONAL BANK CIRCULATION.
The following is the full text of the
bill agreed upon by vote of to 3
this morning, by the house committee
on banking and currency, to retire the
circulating notes of national banks and
for other purposes:
BE ii enacted, etc, that as soon as may be prac-
tcable after the passage of this act the secretary
OF the treasury shall cause to be prepared an is
sue of treasury notes equal in amount to the cir
cuat on of the national banking associations on
me first day of February, 1873, being the sum OF
s39O647.6 $3.50, which shall he nsed in the redemp-
Nded OF the circulating notes Of national banks,
winch treasury notes shall be in the following
FORM Washington d. C-1he United States
OF America are indebted to the bearer in the sum
OF collars" and shall be signed by the treas
lrer OF the United States and countersigned by
,he register OF the treasury, or their signatures
rot tn nnur nx.nAo p1,a1l ,A>s.
vices and superscriptiOn as the secretary of the
treasury shall direct, and the denomination of
such notes and their general similtude shall con-
iofm as nearly as may be to those of the United
states, commonly known az legal tender notes;
they shall be receivable in payment of all taxes,
customs, debts and demands Of every kind due to
me United states, and OF all claims and demands
against the United States, except for obligations
made payable in coin by existing law, and shall
o o, n received by the secretary or the treasury
az par Tor . per cent bonds OF the United States
authorized to be issued by the Get entitled ian
dct 10 authorize the refunding of the national
ueot, approved july 14th, 1870.
section 2 Immediately after the treasury notes
provided Tor In the preceding section shall be
Ieauy lot circulation, the secretary OF the treas
o Jury snail cause them to be forwarded to the
assistant treasurers of the United States at New
aork, Boston, Philade phia, Baltimore, Cincin-
na' chicago, st. Louis and New Orleans, in
amounts proportioued to the receipts and dis
uuisements of their several offices, with re2ula-
lohs and instructions Of the following tenor,
Wi; lst that the assistant trcasurers shall
1."Nuialciy dlteT the receipt OF SuCh treasury
notes cease to pay in the disbursement of public
iunus upon any account whatever circulating
notes OF the national banks then in their several
Unoes or thereafter received by them, but shall
pay out in the place of such national bank notes
anu In substitution therefor the treasury notes
herein authorized until the whole circulating
notes OF the national banks shall have been re-
tifed but the assistant treasur, rs NAV ut apy
tlme Issue such treasury notes in exchange for
pdhs notes upon application of any person or
oanh' md. that the assistant treasurers SHALL
every 90 days after the process of retiring ma,
Sonal bank notes shall have been begun as above
unec,ed or oftener if the secretary Of the treas
ny shall so require transmit TO the treasurer of
tne hited States at Washington, all national
oahh notes received by them up to day. such