The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-05-19
LIVELY DISCUSSION,
OVER THENATioNAL BANK QUESTION
The Nll 10 Extend their Charters cousIdsrsdIn the
/, lIosse-No Vote iltached-The Democrats Aer.
clleasly Scored by the Grsenbarksrx and
iudcptndeatx-Fsa for Republicans "

| WASHINGTON, May lS.-Iho debate III
the House, today, over the bill to extend
the charters Of National banks, was cx.
ccedingly animated. The galleries were
crowded with spectators. np#
Tho amendment oliercdby Mr.. Buckner,
Of Missouri, reducing the period for which
banks niay extend their charters from
twenty TO ten years, was defeated, by IL
vote OF 90 to llG. .,. ~ 1saA A-I'
Mr.. Hammond offered an amendment
providing that the jurisdiction for suits,
hereafter brought by or against National
banking associations, except suits between
them and the United States or It's officers
or agents, shall be the same as tho jurisdic.
ton for suits, brought by or against banks
not organized under any law OF the United
States, which do or might do banking
business. Agreed to.
Mr.. Randall offered an amendment, pro.
viding TINT in tho organization OF any
banking association, intended to repluce
any existing banking association, or retain
the name thereof, the holders OF stock in
the expiring association shall be entitled to
preference in the allotment OF shares Of the
new association, in proportion to the nnm-
Der OF shares held by them respectively iu
the expiring association. Adopted.
Mr.. Holman offered an amendment pro-
viding that every banking association
which shall obtain the benefit OF this net
shall pay the cost OF preparing tile plates
for such new circulating notes rs shall be
issued to 1t and all other costs incident 10
substitution Of such new circulating notes
for the old ones, in addition to the Tux now
imposed on banking associations by law.
Adopted.
Mr.. Brumm, Grcenbacker, Of Pennsyl-
yania, said that the Democrats had treated
the Grcenbuckers with such disrespect that
ut the lust Congress they had not even
given them hearing. At this session,
however, the Grecnbackers had been
treated well. They have been recognized
on the committees OF the House. They
have been recognized as u party. "You
Democrats say" he continued, Eve don't
know whether you Greenbackers are right
or wrong, but right or wrong VIC will not
treat YOU even with respect. Zap
plause Oh the Republican side,
followed by counter applause on the Demo-
cratic side.] You have been all things to
all men; you have, in Indiana, Ohio and
Pennsylvania, had platforms favoring
grecnbacks aud fiat money as staunch rs l
would have them; you are divided among
yourselves as YOU always have been since
1856; you can be found on every side of
every question. Laughter and applause
on the Republican side. That has been
I cu knk s,, lin
way Of progress. You ARE only
stumbling block in the way OF the green
back doctrine to-day. [Applausc and
laughter on the Democratic side i.-
/ MIR. Bland, Democrat, OF Missouri, criti-
cised the action OF the Greenhack party in
the House, declaring that the members OF
OF that party, elected from Missouri were
pledged to vote for Republican Speaker,
in case their votes were necessary to carry
the election. Gentlemen Of that party de-
nounced corporations, but, yet, they voted
against proposition which wonl.lh have pre-
vented those corporations dragging their
constituents hundreds OF miles 10 the Fed
eral courts. The gentleman from Texas
| (Mr. Jones) would find that the people OF
Texas were not SO crazy rs TO take up his
hat and Mahonizc that State, and the gen.
tlemRn would find some trouble in explain.
ing to Ills constituents why he voted against
the proposition to substitute treasury notes
for National bank notes.
Mr.. Burrows, Grtenbacker, OF Missouri,
denied that, during the canvass for Con.
grcss, the Missouri Greenbackers Ind
pledged themselves to support the Repub.
lican nominee for Speaker. Once during
the campaign he had seen that statement
in a loca! paper but he haa called on the
editor to prove it or stand branded rs an
infamous liar.
Mr.. Ford, Greenbacker, Of Missouri-"I
emplatically deny the truth Of the assertion,
coming from whom it may, that the Green.
backers were ever pledged to support a
Republican Speaker"
Mr.. Jones, independent Democrat, OF
Texas, said that the position taken BY Mr..
Bland was such that he could say to the
Greenbackers: ~ am hetter Green.
hacker than the Greenbacker himself" and
then, turning to hard money Democrat,
could say: II am very careful TO avoid
fiat money" Mr.. Jones then proceeded
to attack the Democratic purity, comparing
it to the weaker man in quarrel, who
says to his opponent: "Ii you. hit me, l
will give your old Uncle John fits" So
with the Democratic party, when it meets
the Republican party it is ever q coward,
but it says, 'lIere is the little Greenback
party, and We will just give it fts."
, Mr.. Bland replied that the Grecnback
party was q sort OF tail to the Republican
kite, and that it was Necessary to cut oil the
tail i'll order to bring the kite down.
!, On motion Of Mr.. Grape, the following
amendment was inserted ut the end Of
section Of the bill, "and the franchise Of
such association is hereby extended for the
sole purpose OF liquidating their. affairs
until such affairs are finally closed
(Section i,as reference 10 banking associa.
tons which do not avail themselves OF the
provision Of the act) go
Mr.. Randall then offered hisamendment
, as IN independent section. NGs|
: Mr.. Crapo offered Us substitute the fol.
: lowing: THAT any National banking asso
citation, now organized or hereafter organ.
lied, desiring to withdraw its circulating
notes, OH deposit OF lawful money with tho
treasurer OF the United States, rs provided
,, in the act OF June ., 1874, shall be required
tog give 90 days notice to the Secretary OF the
r Treasury OF its intention TO deposit lawful
money and withdraw its circulating notes
| provided that not more than S5,O00,OOO Of
3 lawful money shall be deposited during
, any calendar month for this purpose, and
) provided, further, that the provision Of this
} section shall not apply to bonds called 70,
!. redemption by the Secretary OF the Treas
e ury; but that when bonds are called 70,
| redemption the bank, holding such called
$ bonds, shall surrender them within thirt,
days after the maturity Of the call" =
$ Mr.. Randall declared his willingness L
1 accept the substitute. ,.,g.
Mr.. Cnlberson, Of Texas, moved tt
l amend the amendment by providing tlM
| no bank shall surrender any more thar
n one-tenth OF its circulation in any on.
year. Rcjected-nyes, sS; nays, llG. g 'il
Mr.. Haskell, Of Kansas, Sai,i that he lat