The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1882-05-20
House.

Washington, 19.-The House re-
sumed consideration of the bank
charter extension bill, the pending
question being on an amendment Of
fered by Grape as an independent
section.
Grapes amendment was adopted
without division.
Grape offered an additional sec
ton that on the deposit of bonds
the association making it may re-
ceive from the comptroller circulat
ing notes equalling 90 per cent. of
the current market value, not eX-
ceeding par, of United States bonds,
so transferred and delivered; that
the total amount of such notes is
sued shall never exceed 90 per cent.
of the amount actually paid i'll of
the capital stock, and repeats sec
tons 5171 and SIG Revised Statutes.
Adopted 100 to 81. 2
Buckner, of Missouri, offered as a
new section an amendment to in
GREASE the amount of the reserve to
be held by the banks in large cities
from % to 80 per cent. of the aggre-
gate amounts of its notes in circula-
ton, and in other. cities from Is to
20 per cent, and providing that the
circulating notes of all banking as
seciations shall be redeemed at the
counters Of the respective assOcia-
tiOns, or at the treasury at Wash
ington at the option of holders. Re-
jected, yeas 81. nays 1876.
Rice, Of Missouri, offered an
amendment to substitute legal ten
der treasury notes for bank notes
when the latter shall be withdrawn
from circulation. Rice referred tt
the remarks Of Blount yesterday, in
regard to the greenback party as q
gross perversiOn of fact. He would
not charge that the gentleman made
the remarks Wilfully and mali
ciously, but would attribute them tt
an ignorance of facts and a desire
to make political capital. He
pronounced the statement tina
The greenback mem bers from Mis-
souri, had been pledged for the re
| publican speaker, if necessary, t.
insure his election as a bold ant
luuwittingly perversion withou
foundation in truth.
BlOunt said he had not charged
that any pledges had been made. bu
had stated that the leading repub
lican paper Of Missouri had insiste'
that no independent or greenDac'
candidate would receive republican
support until they had pledge
themselves to aid in the OrganiZjn
of the House under repuUlica
control.
Rice'S amendment was rejected
yeas 46, nays 146.
Randall offered an amendment al
thorizing and requiring the seer,
tary OF the treasury to receive a
deposits of gold coin and bullion i
,, sums Of not less than $40, and t
issue certifces therefor in demon
: nations Of not less than $40, corr
t spending with the denomination {
United states notes. Coin and bU
3 lion on deposit for, or representa-
> the certificates of deposit, shall b
2 retained in the treasury for pa,
ment of the same on demand. Rule
} out as not being germane.
A number of amendments we
offered and considered pending, ar
= then the previous question was O
= dered.
Morrison, of Illinois, offered 6
amendment providing that Co
d greSs may at any time amend, alt
or repeal this act and the acts
which this is amendatory. Adopte
y The other amendments and SUI
4 stitutes printed in the Record we
It successfully voted down witho
being read, the Speaker merely
: dicatlng a proposition by the nal
y offering it.
Mqrch, of Maine, moved to !
= the Dill upon the table. Lcst-l6
9r Brickner, Of Missouri, moved
"a recommit the bill to the CO..
o. mlttee on banking aad curren