Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-04-18
NATIONAL BANKS.
The Bill Extending Their Charters
Again POstpOned-The Damage TO
Louisiana by the Overflow.
NITrITT DISp1ich @ he RtgNIfF.

Spc~iul Dispatch 10 the Register.
WASHINGTON. April 1.-THE National
Bank extension bill got another blackeye,
to-day. Crapo the chairman OF the Com
mittee on Banking and Currency, submit
ted proposition to fix the 18th as the time
for the consideration OF the bill, but Ran
dali antagonized the motion, unless he was
permitted to offer certain amendments, one
OF which was to the effect that the banks
should not he allowed to deposit greenbacks
and withdraw their bonds at pleasure, and
that the convenience OF SuitorS should be
consulted by allowing them to be tried in
their localities He said that in the north.
ern tier OF Pennsylvania Suitors were com
PEELED to 20 to Pittsburgh, distance OF 2W
miles. Randall says he i in favor OF the
National bank notes a. medium OF circu-
latiOn in coutradi>tnCtiOn to state bank
notes bur wanted restrictions placed on
the banks. The result was that the motion
was lost failing to obtain the necessary
two-thirlS and il IS doubtful il it can be
reached during the session.
One Democratic member disclosed that
inasmuch II there were no charters to ex-
pire before next February, there was no
excuse for bringing up the issue so early.
Hardcnberg of New Jersey, President OF u
National Bank. attracted considerable at
tention by heated speech against the bill.
Mr.. Cobb, of Indiana following him, de-
Clared' the bill anti-DemOcratiC, and framed
directly by the National Bankers and capi-
tali~tS of the east. The yeas and nays were
called upon the motion, snd resulted in
lis yeas to 81 nays. There not being tw9-
thirds affirmative vote the motion was lost
Messrs Hoge and Kenna voting in the
negative and Col. Wilson voting the affirm
atiye.
The members OF the Louisiana delcga-
tiOn estimate the loss 10 the cotton crop by
the recent overflow at not less than % per
cent. and the total loss TO the State in
crops. live stock, animals, fences, etc. at
fully go, 100000. 1t is supposed that 30 per
cent. of the cane planted for sugar is abso-
lutely destroyed. The sugar field inun-
dated by the flood are a total loss, and the
cane " NlAl nave W uc GAlbiAtlN thAAhtSN' ~
will take two years to renew the crop. One
Representative says that fire consuming
every thing on the plantations would have
been less destructive. Many OF the
planters will be entirely bankruptad
bv this inundation. \ large majority
OF them will be unable 10 replant
their fields without assistance. Repre-
sentative Gibson, of Louisiana, proposes to
Introduce bill to appropriate 100000 for
the purchase of cane. to be distributed TO
such planters as require aid. In this way
about thirty-three hundred acres can he
planted this year. But this amouRt OF
acreage can be quadrupled each year, 50
that by the third year tifty-three thousand
acres will be planted. In this way the
sugar production of Louisiana may be
gradually restored, though even with more
liberal aid from the Government, the inter
vening period must be one of poverty,
hardship and suffering. Many estates will
pass entirely from the hands of their pres
ent owners into those Of wreCkers and
creditors. l..