The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1882-05-19
HOUSE,

Washington, 18.-On motion of
Kasson the bill passed, providing
that any person being originally a
citizen Of the United States who has
been naturaliZed as a subject of
Great Britain, may publicly declare
his remuneration Of such naturaliZa-
ton, and resume his character and
privileges as citizen of the United
States by signing an instrument to
that effect.
The House resumed consideration
of the bank charter extension bill,
the pending question being an
amendment offered by Buckner, re-
ducing the period for which banks
may extend their charters from
twenty to ten years. Lost, 90 to lie.
Cannon offered the following
amendment as an additional section
to the bill: That national banks
now organized. or hereafter organ
lied, having Il capital of $4,000, or
less, shallnOt be required to keep a
deposit with the treasurer of the
United States bonds in excess of
$4,000, as security for their circu-
lating notes, and such Of those
banks having bonds ON deposit in
excess of that amount are
authorized to reduce their circuIa-
ton by the deposit Of lawful Al oney,
as provided by law. Adopted, yeas
102, nays 100.
Cannon moved to reconsider and
to lay that motion on the table.
Agreed to; yeas 116, nays 90.
Hammond then offered his amend
ment providing the jurisdiction for
suits hereafter brought by or
against the national banking asso-
Citations, except suits between them
and the United States, or its officers,
or its agents. shall be the same as
the jurisdiction for suits brought by
or against banks not organized under
any law of the United States.
Agreed to.
Randall offered an amendment
providing that the organization of
any banking association, intended to
replace any existing banking asso-
citation, shall retain the name
thereof, and the holders of stock in
the expiring association shall be
entitled to preference in the allot-
ment of shares in the new associa-
ton in proportion to the number of
shares held by them respectively in
the expiring association. Adopted.
Holman offered an amendment
providing that every banking asso-
citation which shall obtain the
benefit of this act, shall paythe cost Of
preparing plates for such new notes
as shall ne issued by it, and all
other costs incident to the subStltu-
tioH of such new circulating notes
for the old, in addition to the tax
now imposed on banking asSocia-
lions by law. Adopted.
A long discussion followed on the
merits Of greenbacks.
On motion Iof Grape the following
amendment was inserted at the end
of section Z: "And the franchise of
SUCH association, as an association,
is hereby extended for the sole
purpose Of liquidating their affairs
until such affairs are finally
closed"
Section 7 has reference to banking
associations which do not avail
of the provisions of this
act.
Randall then offered his amend
ment as an independent section.
Grape offered as a substitute the
following: That any national bank
ing association, now organized or
hereafter organized, desiring to
Withdraw its circulating notes, upon
the deposit of lawful money with
Ihe treasurer Of the United States,
aS provided in section 4, in the act
Oh > une 20, 1874, shall be required to
give ninety DAYS notice to the secre-
tary OF the treasury of its intention
70 deposit lawful money and with
uraW Its circulating notes, provided
not more than S5,0O9O00 of lawful
shall be deposited during
any calendar month for this pur-
pose aud provided, further, thai the
provisions of this section shall not
apply to bonds called for redemp