The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-05-19

] VIZ wv s1trrIOts
WASHINGTON. May rs, 1882.
SENATE
! The Senate passed q bin appr0priatin
! S22,27l TO reimburse certain citizens q
/ Henderson, Tenn, for excessive assistanc
levied upon them by General Grant in 1862
The per cent. land bill was taken up a
unfinished business. Mr.. salisbury
amendment prohibiting States rccciyin:
money from applying any OF it to pa
agents employed TO procure II was mod
/ fed by Mr.. Beck by adding the word
Except this be in accordance with tn
laws OF the State passed after the passag,
OF this act" and then adopted.
Mr.. Morgan offered an amendment, wh;cl
was accepted by the friends Of the bill, re
Quiring that the payment Of ) per cent
be made in cash instead OF bonds. The bill
then went over.
The bill appropriatlng $4,000 for pub
lie building az Greensboro, y. c., wa:
passed.
Executive session. Adjourned.
HOUSE or REPRESENTATIVES,.
On motion Of Mr.. Wise, OF Virginia, the
bin was passed changing the boundaries OF
the Fourth collection district Of Virginia
and making Newport News port Of entry.
The House then resumed the conSidera-
lion OF the bank-chartcr extension bill, the
pending question being on the amendment
offered by Mr.. Buckner. of Missouri, re-
ducing the period for which banks may
extend their charter from twenty to ten
years. The amendment was rejected
yeas, %; nays, 1l6.
Mr. Robertson. Of Louisiana, moved 10
Al f.4s
that he would avail himself OF the latitude
allowed TO debate, proceeded to make some
remarks about "the broken banks OF the
Mississippi" praising the patriotic mes-
sage OF the President on that subject. lie
then withdrew his amendment.
Mr.. Hammond, Of Georgia. offered his
amendment providing that the jurisdiction
for suits hereafter brought by or against
any national banking association except
suits between them and the United States
or It's officers or agents. shall be the same
as the jurisdiction for SUITS brought by or
against banks not organized under any law
Of the United states, which do or might do
banking business where such national
banking association may be doing business
when such suits may be begun. Agreed
to without division.
Mr.. Randall. Of Pennsylvania, offered an
amendment providing that i'm the 0rganiza-
ton OF any banking association intended
to replace any existing banking association
and retain the name thereof the holders Of
stock in the expiring association snail be
entitled TO preference in the allotment OF
shares OF the new association in proper
ton 10 the number 81 shares held by them
respectively in the expiring association.
Adopted.
Mr.. Holman, Of Indiana, offered an
amendment providing that every banking
association which shall obtain the benefit Of
this act shall pay the cost Of preparing the
plates Tor such new circulating notes as
Shall be issued to il, and all other costs in
cident 10 the substitution OF such new cir
culating notes for old, in addition 10 the
tax now imposed on banking associations
by law. Adopted.
On motion Of Mr.. Grape, OF Massachu-
sets, the following amendment was insert
ed at the end of section : OF the bill And
the franchise Of such association is hereby
extended for the sole purpose OF liquida-
ting their affairs until such affairs are en-
tirely closed" fSection has reference to
banking associations which DO not avail
themselves Of the provisions Of the act.
Mr.. Cannon, OF Illinois, offered the fol-
lowing amendment as an additional section
TO the bill: "That national banks now or
ganized or hereafter organized having q
capital Of $4,000 or less shall not be re-
quired 20 keep on deposit with the Urea
surer Of the United States bonds in excess
Of $4,000 ~ security FOR tbcir circulating
notes. and such Of those banks having ON
deposit bonds in excess Of that amount are
authorized 20 reduce their circulation Oy o
deposit OF lawful money, rs provided by
law" Adoptcd-yeaS, l02; nays, 100.
Mr.. Cannon moved TO reconsider and to
Law that motion on the table.
Mr.. Randall demanded the yeas and nays
on the latter motion, stating that he hoped
that the House would traverse the action
just taken.
The motion to lay the motion on the table
was agreed to-yeaS, III; nays, SO.
Without further action the House ad-
jouIned.