Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1882-05-19
CONGRESSIONAL.
SENATE.

w ASHlNGION, h1dJ O--Lu0 AoCihDO
passed bill appropriAting S22,271
to reimburse certain citizens OF Hen
derson, Tenn, for excessive assess,
ments levied upon them by General
Grant in 1862.
The 5 per cent. land bill was taken
up as unfinished business. s.le
Senator Saulsbury's amendment
prohibiting States receiving money,
from applying any of it to pay agents
employed to procure it, was modified
by Senator Beck by adding thereto
the words except this being in ac-
cordance with the laws of the State,
passed after the passage of this act"
Adopted.
Senator Morgan offered an amend
ment, which was accepted by the
friends of the bill, requiring the
payment of per cent. to be made
in cash instead of bonds. The bill
then sgseat oEor. 1859 .-.- -.s--s,,.
TIE bill appropriating $4,000 fer
public building at Greensboro, N.
@, passed.
After an executive session the
Senate adjourned.
WASHINGTON, d. c., May 18.-On
motion of Mr.. Wise, of Virginia, g.
bill was passed changing the bounda-
ries of the 4th collection district Of
Virginia, and making Newport the
new port of entry.
The House then resumed consid-
eration of the bank charter extension
bill pending, the question being on
the amendment offered by Mr.. Buck
ner, of Missouri, reducing the per
cent. for which the banks may extend
their charters from twenty to ten
years. The amendment was rejects
ed; yeas, 80, nays, 116.
Mr.. Robertson moved to reduce
the period to two years, and stating
that he would avail himself of the
latitude allowed to its debate, and
proceeded to make some remarks
about the ''broken banks of the Mis-
sissippi," and prising the patriotic
message of the President on the sub
iect. He then Withdrew his amend
ment.
Mr.. Hammond, of Georgia, offered
his amendment providing that the
iuris iiction for suits hereafter
brought by or against any nationa
banking association, except suits be.
tween them and the United State:
or its officers or agents, shall be the
same as the jurisdiction for suits
brought by or against banks not or
ganized under any law of the Uni
ted States which do or might dc
banking business where such ma
tionai banking association may be
doing business when such suits may
be begun. Agreed to withot di'
vision.
Mr. Randall, of Pennsylvania, of
fered an amendment providing thai
in certain organizations of banking
associations intended to replace any
existing banking association, and re-
tain the name thereof, the holders O.
the stock in the expiring association
shall be entitled to the preference
in the allotment of shares of the new
association in proportion to the mum
Der ofshares held by them respective
ly in the expiring association
Adopted.
Mr.. Holman, of Indiana, offered
an amendment providing that ever,
banking association which shall OBJ
tain the benefit of this act, shall pa,
the cost for preparing plates TO
such new circulating notes as shal
be issued to it, and all other cost
incident to the substitution of sue
new circulating notes for old, in &C
dition to the tax now imposed o.
banking associations by law.
Adopted. @z
On motion of Mr.. Grape, of Me-
sachusetts, the following amendmey
was inserted at the end of sectior5
of the bill: sfand the franchise of sucl
association is hereby extended TO
the sole purpose of liquidating thei
affairs until such affairs are tinall,
closed" (Section 7 has reference t,
banking associations which do no
avail themselves of the provisions 0
this act.)
Mr.. Cannon, of Illinois, offere,
the following amendment as an addi
tlonal section to the bill "Tha
national banks now organized o
hereafter organized, having capita
OF Sl50, 900 or less, shall not be re