Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1882-05-20

with this nation, and with lt5 Otlclals, IL
am murdered on the gallows. 1 want an un
conditional pardon. or nothing, and | wan
the Executive to so understand it. l rave
set forth my views fully on this in my book
The Truth and the Removal If the hon
orable jurists representing the Washington
Court ia bank decide this case according tC
law, there is only one decision they Car
make, and that is that they have no jurisdic
ton. Ii they decide contrary to law, tht
matter will rest with President Arthur. anc
they will have incurred the wrath OF Al.
mighty God"
United States Senate.
WASHINGTON, May 19th.-The House bill
passed appropriating half a million for 6
public building at Louisville, 5000 for
Hannibal, 5000, 600 for Detroit, and S100,0 00(
for Council Bluffs.
The Senate bill passed for an appropria,
ton of S100 600 to La Crosse.
The FIVE per cent. bill was then taken up
Vance's pending amendment was rejected,
and the debate turned upon the amendment
offered by Hoar, to refer the question to the
Court of Claims, with the right of appeal to
the Supreme Court.
The amendment was lost-ayes "a noes 26.
The amendment offered by Farley, and
advocated by his colleague Miller, admitting
California to the bene6s of the bill, and re-
quiring that the money of that State be held
"a school funds, was adopted-ayes %, noes
II.
The Offering ard voting down of amend.
ments, interspersed with motions to adjourn,
then continued.
Morgan moved to provide that the sum OF
money to which any State shall bscome en-
titled under the Act shall be retained by the
United States on account of any tax remain
ing due or unpaid from any State to the
United States under the Act of August,
1871. Adopted-syes 81, noes 8.
The bill ther passed-ayes %, noes II.
House of representatives.
WASHINGTON, May 19th.-The House re-
sumed consideration of the bank charter ex-
tension bill, the pending question being an
amendment offered by Grape as an independ-
ent section.
Crapo's amendment was adopted witheut
division, and the bill passed by ayes 125,
noes 67.
A joint resolution was passed approprioting
SIC, 000,000 to supply the deficiency ia the
appropriations for army pensions.
The Speaker laid before the House COM
munication from ex. Sergeant-at-A Arms Thoap-
sou. stating briefly the status of the case of
Hallet Kilbourn Va. j. G. Thompson.
Referred to the Committee or Judiciary.
Adjourned.
The Bank Charter Extension Biii.
WASHINGTON, May 19th.-The bill to ena-
ble National Banking Associations to extend
their corporate existence, as it passed the
House to-day, provides that any National
Bank Association may. at any time within
two years next previous to the date of the
expiration of its corporate existence under
the present law, with the approval of the
Comptroller of the Currency, extend its
period OF succession by amending its articles
of association for q term of not more than
twenty years from the expiration of the pc
riod Of succession named in said articles of
association. and shall have an association for
such extended period, unless sooner dissolved
by the act of the shareholders owning two
thirds of its stocks, unless its franchise has
been forfeited by some action of law. Such
amendment of the articles of association
must be authorized by the consent. in writing,
of shareholders owning not less than two
thirds of the capital stock.
Section refers to the duty of the Comp
troller of the Currency in the premises, pro-
viding for . special examination into the
affairs of each association, should he deem it
necessary.
Section has reference TO the jurisdiction
OF suits by or against national banking asso-
Citations, placing such suits on the same foot.
ing, in respect TO jurisdiction, as suits by or
against private banks.
Section provides that when any national
banking association has amended the articles
of association as provided for IN this Act, and
tbs Comptroller has granted his certificate of
approval, any shareholder not asserting to
such amendment may give notice il writing
to the Directors within thirty days from the
date of the certificate of approval, of his de-
sire to withdraw from said association, in
which case he shall be entitled to Withdraw
the value Of the shares SO held by him.
Section provides for issuing new circu-
lating notes to take the place of the old,
Section has reference to such banks as do
not desire to extend their charters, and ex-
tends the franchises of such associations for
the sols purpose of liquiiating their affairs
until such affairs are finally closed.
Section is in the following words: That
the national banks now organized, having a
capital Of $50, 900 or less, shall not be re-
quired to keep or deposit with ths Treasurer
Of the United States United States bonds in
excess of $40, 600 as security for their circu-
iating notes, and such of those banks having
on deposit bonds in excess of that amount are
authorized to reduce their circulation BY the
deposit OF lawful money as provided by law. "
Section provides that any National Bank
ing Association desiring to withdraw its cir
cuIatiug notes upon deposit of lawful money
with the Treasurer of the United States, as
provided in Section of the Act of June
20th-entitled an Act fixing the amount of
u nited States notes, providing for the redis-
tributioa of national bank currency and for
other purposes-shall be required to give
ninety days notice to the Secretary
Of its intention TO deposit lawful money
a. v,NAos =
provided that not more than $1,000 eco
in lawful money shall be deposited during
any calendar month for this purpose and
provided further. that the provisions of this
section shall not apply to bonds called for
redemption ny the Secretary OF the Treasury.
But when bonds are called for redemption,
the banks holding such called bonds shall
surrender then within thirty days after the
maturity of their call.
Section II provides that on tie deposit oi
bonds. the association making the same shall
be entitled to receive from the Comptroller
Of Currency circulation notes Of an equal
amount to 9 per cent. OF the current
market value, not exceeding par, of the
United States bonds so transferred and d.
livered, and amends Sections 81 Ill and 81 ).
776 of the revised statutes.
The concluding section reserves the right
of Congress- at any time to repeal this Ac:
and the Acts of which it is amendatory.
Capital Notes.
WASHINGTON, May 19sh.-David Mcclure
of San Francisco, and ex.Assemblyman Van
Flset, Of Sacramento, are in the city. They
have attended the annual meeting OF the
Grand Lodge OF the Knights Of Honor al
Baltimore.
Senator Farley will soon introduce a bill
for new possofhce building at San Fran
cisco, and new public building at Saera
mente.
Senator Farley's amendment TO the pei
cent. bill was adopted by the Senate this
afternoon, and the bill passed. An abstrs c.
of the amendment has been previously pub
lishsd.
The American Association OF the Red
Cross.
WASHINGTON, May 19Eh.-The American
Association of the Red Cross is about closing
up its relief work in the Mississippi valley
Money and clothing have been distributed tc
hundreds of suffering and destitute families
The acraut of the \ szCciatiayi rerorts that tbs