National Republican. (Washington City (D.C.)) 1872-1888, 1882-05-19

viding that any person, being originally citizen
fthe United states, who has been naturalized as
subject of Great Drliain may publicly declare
his remuneration of such naturalization and re-
sumo his character and privileges as n citizen of
the United States by signing an instrument 10 that
on motion of Mr.. WISE of Virginia, bill was
passed changing the boundaries of the fourth col
lection district of Virginia, and making Newport
News port of entry.
Tho House then resumed tho consideration Of
the bank charter extension bill, the pending qucs
ton being on the amendment offered by Mr.
BuCkncr reducing the period for which banks
may extend their charters from twenty to ten
years. The. amendment was rejectcd-ycas, 02;
nays, l1d.
Mr.. llazcltine, of Missouri, moved to mako the
period one year.
Mr.. Springer offered mn amendment, providing
that all charters of national banks shall expire al
the end of twenty years from January l, 1883, un.
less Congress shall provide for an earlier period
for the expiration OF such charters.
The amendment was rejected.
Mr.. Hammond, of Georgia. then 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 its officers 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 bank
ing business where such national banking asso-
citation may be doing business when such suits
may be begun.
Mr.. Hammond's amendment was agreed to
without division.
Mr.. Randall offered an amendment, providing
that IN the organization of any banking association
intended to replace any existing banking associa-
ton and retain the name thereof the holders of
stock i'll the expiring association shall be entitled
to preference III the allotment of the shares of the
new association in proportion to the number Of
shares held by them respectively in the expiring
association. Adopted.
Mr. Holman offered an amendment providing
that every banking association which shall obtain
the benefit of this act shall pay the cost of pre-
pairing the plates for such new circulating notes
us shall be issued TO II, ana all other costs Incl
dent to the substitution Of such new circulating
nj mr. n N In iha tuzs
posed on banking associations By law. Adopted.
Mr.. Bland offered an amendment to continue
national banks as banks of Of deposit and discount.
on motion Of Mr. CapO, the following amend
! ment was inserted at the end of section Of the
Lil: "And the franchise of such association is
hereby extended for the sole purpose OF liquidat-
cleSsod.S S S'' 4''''' o''' '0' """''' "'' N''"''S
Section has reference to banking associations
which do not avail themselves of the provisions
OF the act.
MIR. Cannon offered the following amendment
| as an additional section to the bill: That ma :
lional banks now organized, or hereafter organ
lied having capital of Sl50,0OO or less, shall not
be required to keep or deposit with the Treasurer
OF the United States United States bonds in ex
cess OF $1,000 rs security for their circulating
notes. and such Of those banks having OH deposit
bonds in excess of that amount nrc authorized to
reGuce their circulation by the dep sit of lawful
money rs provided by law" Adopted-yeas, 1O2
nays, lOO.
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 tho motion to reconsider on
the table was agreed to-yeas, Ill nays, 96.
Mr.. Randall then offered his amendment as an
independent section.
Mr. CrIpo offered as q substitute the following
That any national banking association now organ
lied or hereafter organiZed desiring TO withdraw
its circulating notes, upon deposit of lawful
money with the Treasurer OF the United States, as
provided in section in the net of June 20, 1871
hn1 fV Al ngt tta..
deposit lawful money and Withdraw is ciicu atm;
nOes: PrOulded, That not more than S5OO0,OOO u
lawful money snail be deposited during any cal
cndarmonth for this purpose: And prOrha d further
Thnt the provisions Of this section shall not apply
TO bonds called for redemption by the Secretary o
\ the Treasury; but when bonds are called for re.
| dempton the banks holding such called bonds
shall surrender them within thirty days after tue
| maturity OflhC call,
| Mr.. Randall declared his willingness to accept
| the substitute.
| Mr.. Flower favored the amendment as being
| In the interest of tie business community Pend,
pending which the Speaker laid before the House
Il message from the President transmitting the
| concluding report of the Secretary of State and
accompanying papers relative to the imprisUn-
ment of Thomas Shield and Charles Weber in
Mexico. Referred.
Among the papers, which are vouminous, is n
copy of u letter signed by Shields, Weber, and
Salm 10 Representative Bayne, rs follows: 1--WE
are released from jail and have had an interview
with Hon. T.. Ii. Morgan, and from the evidence
produced we are satisfied that he has done all IN
his power Tor us. We make ais statement with
out any mental reservation
Mr. Page presented resolutions of the San Fran
cisco Chamber of Commerce asking for an ample
appropriation for II marine survey Of the Pacific
coast from California to Alaska. Referred.
The House then lat o O'clock adjourned.