The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1882-05-25
HOUSE


into National Guard, authorizing conscription
and appropriating million dollars annually
for equipement, was defeated by two-thirds
vote bill to protect innocent purchasers Of
patented articles was passed, also a resolution
acceptings with thanks DIR. J. NJ. Tonner's
twenty-five thousand volume scientific library
offered by him, gratuitously, to the Congress
sional Library. Mr.. Blackburn, from Kentucky,
was appointed one of the visitors to the West
Point Military Academy. Mr.. Thomas, OF
Illinois, was appointed one Of the esvisitors to
the Annapolis Naval Academy.
The House resumed consideration of the ma
tonal bank charter bill, and Mr.. Hewitt spoke
in favor Of the banks, stating that the present
system is the best yet devised by the ingenuity
Of man. Mr.. Buckner opposed the pending
bill as being wholly unnecessary. 1t was
delusion and q cheat, which would not ac-
complish what the country thought it would,
and which failed to secure safe
and stable circulation. Mr.. Butterworth,
Of Ohio, supported the bill, as required
by public policy and by the business
interests of the country, but insisted the re-
serves of q National Bank should be kept in
coin. He ridiculed the proposition that the
banks should be overthrown and the Govern
ment go into the business of publishing rag
money. He was in favor Of paying the green
backs and placing the Government once
again within ths-harbor- of the 0onstitt-
ton, which limited the power of the Govern
ment to the right to coin money and regu-
late the value thereof. It might be said
that he was Democrat. He was heart
and soul Democrat on the subject of
limiting the power of the Government within
the plain provision of the Constitution. He
was Democrat after the old school, when that
party had some fixed and recognized principle.
He regretted to say that when he entered the
old Democratic household in search of the
timehonored principles of the fathers he found
no one at home. He stumbled over the remains
of Jefferson and Benton, and their confreres,
but the family had gone out. He did, indeed.
find Senator Bayard and few friends at home,
but they were lonesome and out of temper
because their brethren had moved out and
actually stoned the old house. While Mr..
Brumm, Of Pennsylvania, WAS speaking, it was
agreed that the subject should go over.
The House resumed consideration Of the
bank charter extension bill. Debate being
closed, the bill was read by sections for amend
ments. Mr.. Murch, Of Maine, offered ar
amendment reducing from twenty to thret
years the period for which banks may e1teno
their succession. He was willing to allow bank
three years to go into some honest business
Rejected-yeas 81, nays lit. Mr.. Buckner, ot
Missouri, moved to make the period ten years
Yeas and nays were ordered, pending which thu
matter went over for the day. Mr.. Hazelton
of Wisconsin, from the Committee on Elec
tions, submitted q report on the case Lowe us
| Wheeler, of the Eighth Congressional Distric
| of Alabama, declaring the contestant, Lowe
entitled to q seat. The Commissioner Of Agri
| culture informed the House that the cinchon,
little hope for the growth of the plant excep
| In Southern California and Southern Florida.
The House resumed consideration of th,
bank charter extension bill. Mr.. Cannon
offered the following amendment as al
| - Eho 90
Banks now organized or hereafter organized
having capital of $3.50, 600 or less, shall no
be required to keep or deposit with the Treas
urer Of the United States, United States bond
in excess of $4,000. as surety for thei
circulating notes, and such of thos
banks having on deposit bonds in ex
cess Of that amount are authorized t
reduce their circulation by the de
posit Of lawful money as provided by law.
Adopted-yeas 102, nays 100. Mr.. Cannon
moved to reconsider, and to lay that motion Or
the table. Agreed to-yeas Ill, nays SO. MI
Hammond then offered his amendment provid
ing jurisdiction for suits hereafter brought b
or against National banking association (e1
cept suits between them and the United State
or its officers or agents) shall be the sam
as jurisdiction for suits brought by o
against banks not organized under any La
Of the United States, which do or might d
banking business where such National bankin
and suits may be begun. Agreed to. Mr.
Randall offered an amendment providing tha
the organization of any banking associatio
intended to replace any existing banking assc
citation, and retain the name thereof, holder
of stock in the expiring association shall b
entitled to preference in allotment of shares
the new association in proportion to tt
number of shares held by them respectively
the expiring association. Adopted. Mr.. Ho
man offered an amendment providing tn,
every banking association which shall obtai
the benefit of this act, shall pay Il
costs of preparing plates for such ne
circulating notes as shall be issue
it, and all other costs incident
substituting such new circulating notes for oil
in addition to the tax now imposed on bankir
associations by law. Adopted. On motion
Mr.. Crane, the following amendment VI
inserted at the end of Section of the bill
, "And the franchise of such association
hereby extended for the sole purpose of liqr
dating their affairs until such affairs are final
closed" Section has reference to bankil
, associations which do not avail themselves
, the provisions of the act.