The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-05-19
XLVIIth Congress LIST Session.
SENATE.

/ ArA LIZ
WASHINGTON, May IS.
bill was indefinitely postponed, yeas 25, nays
Mr.. Morrill, reported fayorably from the
finance committee the House bill authorizing
the receipt of United States gold coin in ex-
change for gold bars. The bill is amended so
as to require exchange in amounts of not less
than $15, 900 instead of $500. Passed.
The bill to refund $22271 to Hiram
johnson and 46 others being the surplus of a
military assessmet paid by them to the United
States in excess of the amount required for
the indemnity for which it was levied, was
passed.
The five per cent land bill was then con-
sidered. After the adoption of one or two
amendments and speeches by Messrs. Vance,
Allison, Conger, McDill, Morrill, and Morgan
the bill went over without action.
Adjourned.
On motion of Mr.. Kasson of Iowa bill was
passed providing that any person being origi-
nally citizen of the United States who has
been naturalzed as asubject of Great Britain
may publicly declare his renunciation of such
naturalization and resume citizenship in the
UEited States by signing an instrument to that
effect.
The House resumed the bank charter ex.
tension bill, the pending question being an
amendment offered by Mr.. Buckner of Mis-
SOurl, T6uuCluS tu6 poTlUu lOT WHICH, DdukS
may extend their charters from twenty to ten
years. The amendment was rejected-yeas
92, nays 116.
Mr. Hazeltine of Missouri moved to make
the period one year.
Mr. Ward of Pennsylvania opposed the
amendment on the ground that an extension
for one year meant simply abolition of the
whole system of national banks. The anne nd
meDt was lost So to 49,
Mr.. Robertson of Louisiana moved to reduce
the period TO two years, and proceeded to
make some remarks about the "broken banks
of the Mississippi" praising the patriotic mes
sage of the President on that subject. He then
withdrew his amendment.
Several amendenis were then offered and
rejected.
Mr.. Hammond Of Georgia offered an amend
ment providing that jurisdiction for suits here
after brought by or against any national bank
ing association, except between them and the
Unite1 States or its officers or 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
banking business where such national banking
association may be doing business where such
suits may be begun. Agreed to without divis-
ION.
Mr.. Bland of Missouri offered an amend
ment prohibiting national banks from issuing
circulating notes and providing that hereafter
no national bank shall increase its circulation
or be organized without authority to issue
notes to circulate as money. Mr.. Bland's
amendment was also lost.
Mr.. Randall of Pennsylvania offered an
amendment providing that in the organization
of any banking association intended to replace
any existing banking association and retain
the name thereof the holders of stock in the
expiring association shall be entitled to prefer
ence in allotment of shares of the new associa-
tion in proportion to the number of shares
held by them respectively in The
seoiatiop. Adopted. --.s uffored an amend
ment providing that every banking association
which shall obtain the benefit of this act shall
pay the cost of preparing plates for such new
circulating notes as shall be issued to it, and
all other costs incident to the substitution OF
such new circulating notes for the old, In ad-
dition to the tax now i'm yosed on banking asso-
Citations by law. Adopted.
Mr.. Bland of Missouri offered an amend
ment TO continue national banks as banks OF
deposit and discount.
Messrs. Barnrm and Jones spoke at some
length in reply to statements made by Mr
Bland concerning the position OF Greenback-
ers.
On motion of Mr. Grape the following
amendment was inserted at the end of section
T: aAnd the franchise OF such association is
hereby extended for the sole purpose OF llqui-
dating their affairs closed" (Section has
reference to banking associations which do not
avail themselves of the provisions of the act.)
Mr. Randall then offered his amendment as
an independent section and Mr. Crapo offered
his substitute, which Mr.. Randall accepted.
Mr. Cannon offered the following amend
rsent as an additional section TO the bill:
.That national banks now organized or here
after organized, having a capital of $3.50 or
less shall not be allowed to keep on deposit with
the Treasurer of the United States bonds in
excess of $4,000 as security for their circulat-
ing notes, and such of those banks having on
deposit bonds in excess of that amount shall be
authorized TO reduce their circulation by de-
posit of lawful money as provided by law
Adopted-yeas 102, nay 100.
Mr Cannon moved to reconsider and lay
that motion on the table.
Mr. Randall demanded the yeas and lays
on the latter motion stating he hoped the
House would traverse the action jest taken.
A motion to lay the motion to reconsider on
the table. was agreed to-yeas Ill, nays 96
No further action was taken on the bill.
The Speaker laid before the Hoqse mes
sage from the President transmitting the con-
Guiding report of the Secretary of State and
accompanying papers Erelatiye to lmprison-
rnent OF Thomas Shields andECharles Weber in
Mexico. Referred.
Adiournei