The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1882-05-25
THE NATIONAL BANK QUESTION
Lively Discussion of the Matter in the


WAsHINeToS, May lS.-The house re-
snmed consideration OF the bank charter
extension bill, The peading question be-
ing an Amendment offered by Buckler,
reducing the period for which banks
may extend their charters from TWEEN
~ to ten years. Lost, 80 TO ZIG
Springer offered an amendment pro-
viGIug THAI ali charters of national
banks shall expire at the end of twenty
years trum January 1, 1888, unless cnu-
gress shall provide for an earller period
for The expiration of such Charters Re
iected.
Common Offered the following amend
Eient IS an additional section To the
l. IL for the reorganization of national
banks: The national banks now organ
lied or hereafter organized having cap
ital Of $3.50 GOO or less should rot be re-
quired TO keep deposit with The II as
nrer of the United States of United
States bonds in the excess of $4,000 as
security for their circulating notes, and
such of those banks ha"ing a deposit
of bonds in excess To that amount are
authorized 10 reduce their circulation
by deposit of iawfulmoncy as provided
by law. Adopted-yeas 102, nays 100.
Connor moved TO rec nsider and TO
lay that motion on the table. Agreed
yeas, III; nays. SO.
Hammond then offered his amend
ment providing that jurisdiction tor
suits hereafter brought By or against ma
,ional banking associations, except be-
tween them and the United States or its
officers nr agents. shall be the same as
jurisdiction for suits brought by or
against banks not organized under any
law of the United States. which do or
might do a banking business where
such national association may be doing
| business when such suits may be begun.
Agreed to.
| Randall offered an amendment pro-
viding that the organization of any
banking association intended to replace
any existing banking association and re-
| tain the name thereof, the holders of
stock in the expiring association shall
be entitled to preference in the allotment
of shares in the new association in pro-
portion to the number of shares held by
them respectively in the expiring asso-
! citation. Adopted.
Holman offered an amendment pro-
viding that every banking association
which shall obtain the benefit of this
act shall pay the cost of preparing the
plates for such new circulating notes as
shall be issued by it, and all other costs
incident to substituting such new circu-
lating notes for old, in addition to the
tax now imposed on banking associa-
tions-by law. Adopted.
Brumm, of Pennsylvania, said the
Democrats had treated the Greenback.
ers with such disrespect that at the last
congress they had not even given them
: a hearing. At this session, however
the Greenbackers had been treated well
and they have been recognized on com
, mittees of the house. They have been
recognized as party. You Democrats
say: I'VE don't know whether Green
hackers are right or wrong; but, RICH
? or wrong, we will not treat you ever
> with respect. applause on Republi
, can side, followed by counter-applaus'
on the Democratic side.) You hav,
D in Indiana and Ohio and Pennsylvania
4 had platforms of Greenback and fla
money as staunch as l would have them
You are divided among yourselves a
i you always have been since 1856. Yol
7 can be found on every side of ever,
e l.question. daughter and applause OF
=. the Republican side.) That has beeI
your record, and l say that you are il
| the way of progress. You are only
Greenback doctrine to-day. (Applaus
and laughter on the Democratic side.
Mr.. Bland criticised the action of tn
: greenbackers in the house, declaring tina
the members of that party elected froI
Missouri were pledged to vote for a RI
publican speaker in case their vote
o were necessary TO carry the election
n "Gentlemen," said he, "that party dc
denounced corporations out and out, y6
% they voted against proposition whic
would prevent those corporations iron
% dragging their constituents hundreds {
miles to federal courts. The gentlema
from Texas, Mr.. Jones, would find tn
0 people of Texas not so crazy to take u
his tight and MahoniZe that state, an
o the gentleman would find some troubl
n in explaining to his constituents VIII
he voted against the proposition to sui
stitute treasury notes for national ban
notes.
% Burrows, of Missouri, denied tina
n during the canvass tor congress in Mis-
souri, the Greenbackers pledge
% themselves to support the Re
- publican nominee Tor speaker Ono
during the campaign he had seen tha
10 statement in local paper, but he ha
n called upon the editor to prove it or hav
him branded as an infamous liar.
10 Ford (Mo)-1 emphatically deny tn
" truth of the assertion, coming froI
~ whom it may, that the GreenbackeI
10 were ever pledged to support Republ
can speakers.
Jones CTexas) said the position take
70 by Bland was such that he could say I
the Greenbackers, 81 am a better Greer
hacker than the Greenbacker himself,
e and then, turning to hard-money Den
ocrat, said, 81 am very careful to avoi
fiat money" He then proceeded to a
n tack the Democrats, comparing them I
J. the weaker man in quarrel, who say
q to his opponent, "If you hit me I wi
give old Uncle John fits" So with tn
Democratic party. When it met tn
Republican party it was a coward, bU
n it said, "Here is the little Greenbacl
e party, and we will just give it fits"
Bland replied that the Greenback pal
ty was a sort of tail to the Republica
d Kite, and it was necessary to cut off tn
l. tail in order to bring the kite down.
q On motion of Grape, the followin
amendment was inserted at the end c
c section of the bill:
u And the franchise of such associatio
O is hereby extended for the sole purpos
ri of lIquidating their affairs until sue
affairs are finally closed.
. Section Z has reference to bankin
s associations which do not avail them
= selves of the provisions of this act
Mr.. Haskell tKansas) said he had il
tended to vote for the pending bill, BIT
lie was not prepared to support it sine
Inc amendment onered by cannon ha
been adopted, because it radically chang
= es the national banking system. II
dare not cast his vote for a propositio
that would open the door to possibl
contraction of the currency that migl
reach $100O0,O00.
Z Mr.. Cannon opposed the amendmeT
j. offered by Grape. The effect of it, b
commended, was to organize a corner o
: As and 41as, and to squeeze the bank
out.
d Atkins moved to adjourn, pendin
n which the speaker laid before the hous
message from the president, tran
1t hitting the concluding report of til
secretary of state, and accompanyin
J. papers relative to the imprisonment {
q Thos. Shields and Charles Weber i
Mexico. Among the papers is a cop
u of letters signed by Shields, Weber an
It Salm to Representative Coyne, of Penn
b sYlvania, as follows:
We are released from Jail and hag
had an interview with Hon P. p. Mo
e gan, and from the evidence produce
l. we are satisfied that he has done all j
II his power for US. We ma Ike this stats
. ment without any mental reservation.
Adjourned.
s Chase Co. Leader: The mayor ha
/, ordered the board of health to suppl