Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1882-05-19
fORfYSBVsyfH CONGRESS.
SENATE.

= y
| SENATE.
il WASHINGTON, May Is.
Mr.. Morrill, reported favorably from the
finance committee, the House bill autboriz-
ing the receipt of United States gold coin IN
exchange for gold bars. The bill 10 amended
90 as to require exchange in amounts Of not
less than SIS, 600 instead of $500; passed.
The bill to refund e22. 27l to Hiram john
son and 46 others. being the surplus Of the
military assessment paid by them &c the
United States in excess of the amount re-
quired for 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 Nor
gan the bill went over without action.
Adjourned
| HOUSE.
On motion of Mr.. Kasson, Of Iowa. . bill
was passed providing that any person being
originally a citizen Of the United States who
has been naturslized as . subject OF Great
Britain, may publicly declare his renuncla-
ton of such naturalization and resume citi-
zenship of the United States by signing an
| instrument to that effect.
The House resumed the bank charter bill,
the pending question being the amendment
offered BY Mr.. Buckner. Of Missouri, reduc-
ing the period for which the banks may ex-
tend their charters from twenty to ten years.
The amendment was rejected, yeas ~,
NAYS 1l6.
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.
Amendment lost 80 to ll9.
Mr. Robertson, of Louisiana, moved to re-
duce the period to two years, and proceeded
to make some remarks about the "broken
banks of the Mississippi" praising the pat
riotic message of the President on that sub
jcct. He then withdrew his amendment.
Several amendment were offered and re-
jected.
Mr.. Hammond, of Georgia, offered an
amendment providing that the jurisdiction
for suits hereafter brought by or against any
national banking association, except suits
between them and the United States, or its
officers or agents, shall be the same as the
| 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 assO-
citation may be doing business when such
suits may be begun.
Agreed to without division.
| Mr. Bland of Missouri, offered an amend
ment prohibiting national banks from issuing
or circulating notes and providing that here
after no national bank shall increase its cir
culation or be organized with authority to
issue notes to circulate as money,
i Mr.. BANDS amendment was also lost.
1-h "a
amendment providing that in the Organiza-
ton of any banking association intended to
replace any existing banking association, and
retaining the name thereof, the holders of the
stock in the expiring ass ociation shall be en-
titled to preference in the allotment of the
shares of the new association, in proportion
to the number of shares held by them respec-
lively in the expiring association.
Adopted.
Mr.. Holman of Indiana, offered All
amendment providing that every banking
association which shall obtain the benefit OF
this act shall pay the cost of preparing the
plates for such new circulating notes as shall
be issued to it, and all other costs incidental
to the substitution of such new circulating
notes for the old in addition to the tax now
imposed the banking associations by
law.
Adopted.
Mr. Bland, Of Missouri, offered an amend
ment to continue the national banks as banks
of deposit and discount.
Rejected.
Messrs. Brumm and Jones spoke at some
length in reply to the statements made by
Bland concerning the position of the Green
hackers.
On motion of Mr. Grape, the following
amendment was inserted at the end of sec
ton Z.
"And franchise of such association il
hereby extended for the sole purpose o
liquidating their affairs closed
Section has reference to banking associa
tions which do not avail themselves of the
provisions of this act.
Mr.. Randall then offered his amendmen
as an independent section.
Mr.. Grape offered substitute which Ran
dali accepted.
Mr.. Cannon offered the following amend
: ment as an additional section to the bill
'That national banks now organized o.
hereafter organized, having a capital o
Sl50,0OO or less, not to be received. KeeJ
on deposit With the treasurer, United States
bonds in excess of $4,000 as security fo
their circulating notes, and such of thosl
banks having on deposit bonds in excess o
that amount are authorized 10 reduce theil
circulation by deposit of lawful money Al
|, prov ided by law
Adopted, yeas l02, nays 100.
Mr.. Cannon moved to reconsider and lay
that motion on the table.
Mr.. Randall demanded the yeas and nay,
on the latter motion, stating he hoped the
Honse would traverse the action just taken
The motion to lay the motion to consider OF
the table was agreed to, yeas Ill, nays DC
No further action was taken on the bill.
The Speaker laid before the House
message from the President transmitting the
concluded report of the Secretary of Stats
and accompanying papers relative to the i'm
prisonment of Thomas Shields and Charlie.
) Weber in Mexico. Referred