New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-05-20
AT THE NATIONAL CAPITAL.
THE BANK CHARTER BILL PASSED.
DISAGREEMENT BETWEEN DEMOCRATIC LEADERS
ANGRY GREENBAcK MEMBERS.
lBY TELEGRAPH TO THE TKTBUSE.l


ANGRY GREENBAcK MEMBERS.
IBY TELEGRAPH TO THE TRBUSE
WASHINGTON, May 19.-The bill to extend the
charters of the National banks has at last passed
the House of Representatives. The vote stood 123
TO G7 The Republicans who voted against the bill
were Messrs Anderson of Kansas. Cults, of Iowa.
and Marsh, of Illinois Twenty Democrats voted
for the bill-Messrs. Beach. Belmont Covngton,
Deuster Dibble, Ellis Ermontrout, Evins, Garri-
son, Hardenbergh, Harris IN. j., IIobhtzel,
Hutchins Klotz, Mutchler. Phelps. Richardson Is.
C.), Ross, Shelley and Tilman. Among the thirty
six Democrats who voted against it were Colonel
Morrison and Samuel j. Randall, rivals for the
Democratic Presidential nomination.
The Crapo amendment requiring ninety days no.
tice of an intention to deposit lawful money in
order to retire circulation, which was pending when
the House adjourned yesterday, was adopted with
out division after several attempts to modify 1t
had failed. Among these attempts was PROPOSE
ton by Mr. Cannon To permit banks to keep on tie
post to circulation bonds upon which inter-
est has ccased-a proposition which Mr.. Cannon
thought necessary in order to prevent the holders
of and 4l2 per cents from getting mp " n corner
those securities for the purpose of compelling
banks needing such bonds to deposit as Sc
curity for circulation to pay an extravagant price
tor them Mr. Randall opposed tins amendment
locking up in the Treasury beyond the power
of the Government to release it vast amount
of money NEEDED to carry on the business of the
country After Mr.. CannOns proposition had been
rejected Colonel Bayne offered another, allowing
the banks TO continue on deposit called bonds for
one year upon giving the Secretary Of the Treasury
notice of their intention. Similar arguments were
used against this proposition Mr.. Flower, for eX-
ample, cOntendng that the effect would be to lock
up + / 90, 600 900 of money Waldo llutchns asked
how this could affect the supply OF paper money
when all the bonds were paid in gold; and Abram
S. Hewitt declared that thu banks ought TO have
the same privilege TO retain called bonds If they
choose, that individual holders had Here was a
wide DISAGREEMENT indeed among the lead
ing financial doctors on the Democratic
side of the House, and lively spat
took place, between, two. of them, Messrs.
refined in the House, MIR. Springer offered a
wild amendment requiring the banks to give six
months notice of an intention to retire circulation,
and made an equally wild speech IN support of Ii;
in two minutes Mr.. CrapO exposed the aDsurdity OF
the proposition, and it was rejected without di-
vision.
that any bank deposting bonds 10 secure circula-
ton may receive notes 10 the amount OF ~ per
cent OF its capital stock paid ln the bonds thus de-
posted 10 he reckoned at their market val ue, not
exceeding par. As Mr.. Crapo explained, this
abolIshes the distinction between banks organized
prior to and after July -, 1870 and removes the
restriction which limits the circulation of banks
organized in later periods to $50O000 no matter
what may be the amount OF then pald-ln capital Ii
as not even remotely pr1baDle-the falling below
par Of Government bonds. llis amendment was
adopted Section 10 of the bill by yea and nay
vote of 100 to -. The only other addition to the
bill was reserving to Congress the night at any
time to amend after repeal this act ana the act OF
which il Is amendatOry. great many other
amendments were offered, discussed and rejected
ANYBODY who is curious to ascertain what sort OF
financial statesmen and craftsmanship il contributed
to Congress by the States OF Missouri and Texas
may do so by consulting the pages of The CoaJres-
siORdl Record for the current week
Ono of the propositions submitted TO n yea and
and for this thirysiX Democrats voted while thirty
eight Democrats voted against 10. Two Republicans
Messrs. Anderson, of Kansas, and Van horn, or
Missouri voted in the affirmative, as also did the
| eight Grecnbackers who were present, while lOS
Republicans recorded III the negative. There
| was unpcasantness to-day between some OF
| the Greenback representatives and Mr. Bland, of
Missouri. Mr. Bland was very angry nearly all day,
| and he brought forward some mad PROPOSE
| tiOns, but nobody thought of attrbuing his mad
Ness TO much learning" on financial subjects.
| Another very angry man at one time was the pep
| perry Mr. StOcksager, of Indiana, gentleman with
| liery hair and beard and temper 10 correspond.
| lie was OF "A dozen members who were
| camoring at the same time for an
| opportunity TO offer amendments. and he stood for
several minutes i'll the area before the clerks desk
| vanly trying TO catch the Speakers eye" At
last MIR StOckslagers temper GOT tine better OF him,
| and he violently twisted The sheet OF paper upon
| which his financial wisdom had been formulated
and dashed il To the floor, and then he went and sat
down with severe and gloomy emphasis. The
| world will probably never know how much 1t lost
when the Indiana statesman lost his temper to-day