Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-05-19
House of REPRESENTATIVES.

the committee, the bill appropriating 800, 600
for public building at La Crosse, Wis.
After an executive session, adjourned.
House of Representatives.
WASHINGTON, May 1S.-On motion of Mr..
Kasson, bill passed providing that any per
son being originally citizen of the United
States, who has been naturalized as subject
of Great Britain, may publicly declare his
remuneration of such naturalization and re-
sumo his character and privileges as citizen
of the United States on signing an instru-
ment to that effect.
the fourth collection district of Virginia, ard
making new port of entry.
The house then resumed consideration of
the bank charter extension bill, the pending
question being on an amendment offered by Mr..
Buckner reducing the period for which banks
NAV extend their charters from twenty to ten
years, which was lost-92 to 116.
Mr.. Springer offered an amendment provid-
ing that all charters of national banks shall
expire at the end of ten years from the LIST OF
January, 1888, unless congress shall provide
for an earlier period for the expiration of such
charters. Rejected.
Cannon offered the following amendment as
an additional section to the bill: That national
banks now organized, or hereafter organized,
having a capitaliof $780, 900, or less, shall not
be required to keep deposit with the treas
urer OF the United States of United States
bonds IN excess of $4,000 as security for
their circulating notes, and such of those
banks having on deposit bonds in excess OF
that amount are authorized to reduce their
circulation by deposit of lawful money, as
provided by law. Adopted.
Cannon moved to reconsider and to lay the
motion on the table. Agreed to.
Hammond then offered his amendment pro-
viding that the jurisdiction for the suits here
after brought by or against all banking as
sociations, except suits between them and the
states, or its officers or agents, shall be the
same as the jurisdiction for suits brought by
of the United States, which do or might do
banking business where such national bank
ing association may be doing business when
such suits may be done. Agreed to.
Randall offered an amendment providing that
the organization of any banking association
intended to replace any existing banking as
ISOLATION, and retain the name thereof, the
holders of stock in the expiring association,
shall be entitled to preference in proportion to
ly, in the expiring association. Adopted.
HOLMAN offered an amendment providing
that every banking association which shall
obtain the benefit of this association, sh all
pay The cost of preparing plates for such new
circulating notes as shall be issued to it, and
all other costs incidental to the substitution
of such circulating notes for the old, in addi-
ton to the tax now imposed on banking as
sociations by law. Adopted.
Brumm (Pa.) said the Democrats had treated
Greenbackers with such disrespect that at the
last congress they had not even given them
hearing. At this session, however, the Green
hackers had been treated well. They had been
recognized on committees of the house; they
had been recognized as a party. He had
heard Democrats say, "We don't know when
the Greenbackers are right or wrong; but,
right or wrong, we will not even treat you
with respect Applause on the Republican
side, followed by counter-applause On the
Democratic side.l "You have been all things
Pennsylvania had platforms of Greenback
and fat and money as staunch as would have
them. You are doing among yourselves as
you always have been since 1856. You can be
found on every side of every question. Laugh
ter and applause on the Republican side.
That has been your record and say you are
in the way of progress. You are only a
stumbling block in the way of greenback de-
cline to-day" Applause and laughter on the
Democratic sids. Bland criticised the action
of the Greenback party in the house, de-
clsri3g that the members of that party
elected from Missouri were pledged to vote for
Republican speaker in case their votes were
necessary to carry the election. The gentle
men of that party denied corporations, but
yet they voted against the proposition which
would prevent those corporations from drag
girg their constituents hundreds of miles to
federal courts. The gentleman from Texas
not SO crazy as to take up his fiat and Ma
honeize that state and the gentleman would
find some trouble in explaining
to his constituents why he voted
against the proposition to substitute
treasury notes for national bank notes.
Burrows (Mo.) denied that dtring the can
vsss for congress the Missouri Greenbackers
pledged themselves to support the Republican
nominee for speaker. Once during the cam
paign he had seen that statement in local
paper, but he had called upon the editor to
prove it or stand branded as an Infamous liar.
Ford MOI emphatically deny the asser-
ton, coming from whom it may, that the
Greenbackers were ever pledged to support a
Republican speaker.
Jones (Texas) said the position taken by
- was such that he could say to the
Greenbackers, 81 am a better Greenbacker
than that Greenbacker HIMSELF" and then,
turning to hard-money Democrat, said !:
~ am very careful to avoid fiat money" He
then proceeded to attack the Democratic party,
comparing it to the weaker man in quarrel,
who says to his opponent, "If you hit me, l
will give old Uncle John fits" So with the
Democratic party. When it meets the Repub-
lican party, sit was coward" but it said,
"There is the little Greenbaek party, We'll just
give it fits"
Bland replied that the Greenback party was
a sort of tail to the Republican kite and it was
necessary to cut off the tail in order to bring
the kite down.
On motion of Grape, the following amend :
ment was made at the end of section seven of
the bill, "and the franchise of such association
is hereby extended for the sole purpose of
liquidating their affairs until such affairs are
finally closed
The section has reference to banking asso-
Citations, which 90 not ask it themselves of
the provisions of the act
Randall then offered his amendment as an
independent section.
Crapo offered as substitute the following:
"That any national bank association now or
ganized or hereafter organizing shall with
draw its circulation notes upon deposit of
lawful money with the treasury of the United
States, as provided in section 4, in the act of
June 20, 1874, shall be required to give ninety
days. notice to the secretary of the treasury
of its intention to deposit lawful money and
withdraw its circulating notes; providing that
not more than s., 5000, 600 lawful money shall be
deposited during any calendar month for this
purpose, and provided further that the pro-
visions of this section shall not apply to
bonds called for redemption by the secretary
of the treasury; but when bonds are called for
redemption, the banks shall surrender them
within thirty days after the maturity OF tbe
call.
Randall declared his willingness to accept
the substitute.