New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-05-18
THE QUARTERS OF NATIONAL BANho:


rr,r QUARTERS OF NATIONAL BANho'
no VOTE YET TAKEN IN THE HOUSE oN '.r1> In.
vxrFNp THFM-FEATUREs OF TIE DlSC
fBY TELEGRAPH TO THE HIhVNh'' . -,
,,-~,,,croN Nav IA final vote on the pHl
\. a.,ond the National Bank charters was not
,oken in the House of Representatives, to-o"A' Ono
ondment offered by Mr.. Murch. of Name 10 limit
,he nerod of extension to three years. was ieJeceu
~, n vote of III to I'll. Only one hepuolicai
voted for this, and 81 Democrats ana 20 hepuoi-
CONS AGAINST it. A final vote was not taken on "'i
amendment by Mr.. Buckner, of Missouri iini',ins
tho period of extension to ten years aiihouen IL
had enough friends TO sustain deiiahu ioi 'H0
yeas and nays. ot ,-or,.
The five hours Of discussion to-day were no. VIZ?
interesting although portions oil them Werc iii"i,'
mated by the brilliant genius OF sucn ni""0'",
statesmen as Oscar Turner Murch OF Maine ana
s,,ls ord Cnlhcrson of Texas. The last-named
rortl,nan declared with great emphasis ana aP-
,,ront sincerity that the National banks are
$50 20 tho country constantly warning against
.bo host interests of tie people! Among TIC
orr+s j., Cnlberson's indictment Of these grihuihs
,,onocoliesD was one to the effect thai lhVS "oi'
mainly responsible for the Act TO stIehgheh pun
lie credit which imposed an additiohal Duiuen
&c scoo 600 600 upon the American people, by
n,eyenting the payment of the Natlohal "eot III
depreciated and irrcdcemaOle SIeeApicAS' ms
successful effort 10 prevent the repuui"'ioh Vi d
large part of the public debt Mr. CUloersoh mas oU
tor,ot,on nor forgiven. He declared that the
crowning outrage" of the National banks was lhe
accommodation of silver. Another OF their SINS
uas their oppostion to the Bland bill, although
thev were finally compelled to I" "concedc to the
Government the paltry privilege OF coming
SO 600 900 of silver month" Among the other helh-
ors ofences of which the National banks have been
guilty were The panic of 1873 and the suiAes oI
1877. when there was " an army OF starving women
and children in every city" Mr. CulbeIsoh
omitted. probably through inadveTtence. to hold
the National banks responsible for the yellow fever
endemic of 1879 or the Mississippi overflow OF the
present year. Mr.. Mills, Of Texas, also made
screaming sneech in favor of cheap paper money
and ulenty of il ; as also did Mr.. MuTcn, VINO ue-
clared that the Democrats and Greenbackers OF ms
State stand shoulder TO shoulder IN defence ol the
people against the tyranny of grinding monopo-
liesn In none of the three speeches mentioned was
there scarcely a glimmer OF reason fact or logic.
Fonr Observation-Disclosures Waldo Hutchins Hard
enbergh, Mutcher and Ermentrout-supported the
bill in elective speeches. but really threw niue
new light upon the subject under discussion MI.
Briggs, OF New-llampshlIe, made an excellent
speech for the BILL as also dId Mr. Dingley, OF
Maine who devoted tho major part of his remarks
to showing why National bank notes are not
better and safer currency for the people than
Treasury notes would be. Mr.. Randall spoke only
n few moments, devotng himself mainly to an
argument to show that his amendment is not
hostile to the National banks and is necessary for
fine nrotectlon OF business interests. OF course
MIR Randall had something to say in laudaton OF
the Carlisle amendment to the Refundng bill,
which was vetoed by President Hayes. and OF which
Mr. Randalrs proposed amendment 10 the Pehulng
bill is 1, modified copy Mr. Hammond OF lie rga,
made "A short argument IN support OF MS amend
,nent giving State courts jurisdiction OF suits
brought 10y or against National banking associa-
tons. =, :,
amendment with perhaps some mOdIhcatOn, Will be
adopted and that there is about an equal chance
for the adoption of the Hammond anendnit NJ.
The amendment offered by Alr. Randall reads as
follows:
And section OF the act OF June 90 1874 entitled "An
act liking the amount Of United States notes. providing
for redistribution Of the National bank currency, and
Tor M her yrpOses hereby amended to the effect that
National banks intending withdraw the whole any
part the bonds, interest upon winch mas not ceased
held nv the Urea the United states in trust To
rure the circulating notes ana to deposit lawful money
In lieu thereof for the purpose OF rctlng or redecg
Their shall be required in of each sepd
such intention In writing 10 the Controller OF the Cur
Ioucy, and sections 5,l39 and 5l6O OF the Revised
Statutes of the United states are hercDy
reenactel: Provided, that nothing III Ii,, Ihs
act contained shall be construed as TO repeal lnodly
or IN any manner aieet exsuns W M og "t to
respecting National banks IN process OF OF gohg mo mo
lQudaOn contained in sections 5,22O J,22l, 92ZZ,
522S 5224 of the Revised Statutes OF he 1nted "a
bonds, interest on which has ceased,
Mr.. HammOnds amendment is as follows:
Provided bowever that the jurisdiction for suits here
after brought by or against any ASSOCIATION estaDsneu
under any law providing for National banking associa
ti0ns, excepting suits between them ana the OieG
ettes it's oces ana agents saa De tne same as ana
not other ihu the jurisdiction Tor SUITS Dy or against
banks not uIg niZed under law O the United states
which dc or might 60 banking business where such
NatIonal banking ASSOCIATION may be doing business.
when snch spts may begun; and all laws and all parts
OF Jaws in the United states Inconsistent with this pro
Nlsv be ana are hereby repealed