Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-05-20
House of Reprsses.tatiues.

Mr.. Townsend, of Ohio, introduced bill to
establish board of commissioners Of inter-
state commerce as bureau Of the Interior
department. Referred.
The house resumed consideration OF the
bank charter extension bill, the pending qnes-
ton being an amendment offered by Mr.. Ora.
DO as Independent sections, which tie house
adopted without division.
Mr.. Grape offered as an additonhi section
an amendment providing that on deposit OF
bonds any national banking as
ISOLATION making tie same shall
be entitled to receive from the comptroller Of
the currency circulation notes equal in amount
to 80 per cent of the current market yalae,
not exceeding par OF the United States bonds
so transferred and delivered. IL further pro
vides that at no time shall the total Of tht
amount of such notes issued exceed 20 pei
cent. OF the amount actually paid in OF CAPT
tai stock, AMI repeats sections 5,i7l and 5r7l6
revised statutes. Adopted, yeas 100; nays, 81
Mr.. Buckuer mo offered as new section
an amendment increasing the amount OF rev
-nue to be held by the banks in large cite,
from % to 80 per cent. OF the aggregate
tmoupt Of its notes IN circulation and IL 9th.
er cities from Is 10 30 per cent, snd providing
that the circulation of notes Of ali banking
associations shall be redeemed at She counters
of the respective associations or at the treas,
ury at Washington at the option Of the hold
err Reected-Yeas 81, nays 1873.
Mr. Rec (No J offered an amendment for
the substitution oflegal tender treasury notes
for bank notes when The latter shall be with
drawn'from circulation. Rice referred to the
remarks of Bland yesterday in regard to the
Greenback party as gross perversion OF facts.
He would not charge that the gentleman made
the remarks wilfully and maliciously, but
would attribute them to Ignorance of the
facts and desire to make political capital. He
pronounced the statement that the Gree1back
member from Missouri had been pledged to
vote for Republican speaker If necessary to
insure his election, as a bold and unmitigated
perversion, without the slightest foundation
IN truth.
Bland said he had not charged that any pied es
had been made, but had stated that leading
Republican paper in Missouri had insisted that
no Independent or Greenback candidate would
receive Republican support until they had
pledged themselves to aid In organizing the
house under Republican control.
Rce's amendment was rejected. Yeas, 46j
nays LAG.
Randall offered an amendm ent authorizing
and requiring the secretary jof the treasury to
receive all deposits OF gold coin and bullion in
sums not less than $50 and to issue certificates
| therefor in denominations not less than $50,
corresponding with the denominations OF
! United States notes. Coin and bullion on de-
posit for the corresponding certificates Of de-
posts shall be retained in the treasury for the
payment OF the same on demand. Ruled out,
| not being germane.
| A number of amendments were offered and
considered, and the previous question was or
dered Morrisous Qll.) offered an amend.
ment providing that congress msy at an y
time amend, alter or repudiate this act and
acts OF which this is an emsndation.
Adopted.
| Other amendments and substitutes printed
| in the Record was successfully voted dow n
without being read, the speaker merely indi-
eating the proposition by the name OF the
member oferingit.
MUNICH (Maine) moved to lay the bill upon
| the table. Lost, 46 TO l0i.
Buckner (Mo) moved to recommit to the
committee on banking and currency with in
structions to report back some measure by
| which the power of banks under all crcum.
stances shall be restricted from causing an
undue contraction or expansion of bank notei
in circulation. Lost, IL to 104.
The bill then pas.edss amended. Yeas 1875
nays 81.