Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1884-05-20
EASTERN NEWS.
National Bank Failures in
the Senate.
A MOVEMENT 70 INVESTIGATE THIS
REPUBLICAN PET.
Painful Condition of CONNER
mercial Honor.
A SHOWING, WITH GRANT L. WARD
FOR An EXAMPLE.
A Physician Murders His
Rival.
ESPECIAL TO THE SENTINEL
Republican Pets-The National
Banks.

WASHINGTON, May 19.-Senate-The
Chair laid before the Senate q resolution
offered Thursday by Morgan, directing
the Committee on Finance to examine into
the causes OF the recent failures Of the Ma
tional Banks, and other such failures as
are due to the violations and evasions Of
the law on the part Of officers or directors
OF banks. Morrell moved to amend by
substituting for the purposes Of investiga-
ton, a controller Of currency for the
Finance Committee. Morgan said the very
reason which moved him to devolve the
duty on the committee, was because the
officers appointed to see that banks ON
ply with the laws had not performed their
duty. There was, for instance, Q law
against over certification Of checks which,
it had become notorious, was utterly dis
regarded. On the occasion Of the passage
Of the law on this subject in July 1882, the
New York newspapers had broken out into
spasms Of merriment, and told Congress
that the banks laughed at the acts of Con-
gress and were beyond Congressional con-
troll. The failure OF the Marine Bank has
been due TO the fact that the bank was
connected with q firm of brokers, which
that bank had supported. The firm Of
Grant 4 Ward, by the wild schemes in
which the young spectators saw proper to
engage, present Q spectacle TO the world
that argues o painful condition Of COM
mercial honor In the city of New York.
Plumb introduced . bill to forfeit the
unearned bonds granted the Atlantic &
Pacific Railroad Company, to aid In the
construction OF railroads. and q telegraph
line from the States OF Missouri and Ar
kansas TO the Pacific Coast, and restore
the same to settlement. Referred.
House Proceedings.
WASHINGTON, May 19.-The contested
election case Of Wallace vs.. Mckinley was
postponed. Randall attempted TO secure
the passage Of the three appropriation
bills agreed TO in the Committee Of the
Whole Friday last. To this Collins OBJ
jected, and the Speaker proceeded to call
the States for bills. The following were
introduced and referred:
By Notwithstanding the Secretary Of
the Treasury Of the United States, az soon
as may be. to apply all the surplus money
in the Treasury for the redemption OF
bonds outstanding at prices above par.
By King-Directing the Secretary Of the
Treasury 70 allow a rebate Of 10 per cent
on all goods imported In vessels ON the
American register.
Hurd, OF the Committee on Ways and
Means, moved to suspend the rules and
pass the bill to abolish discriminating
duties on works Of art introduced by for
eign and American artists. The bill i'm
poses duty on the percentage OF I'D valorem
on works Of art. whether the production Of
foreign or American artists. Kssson, Bel
mont and Hurd spoke in favor Of the
motion. Dunno. Mills. Warner Of Ohio
and Bontill spoke against 1t. The motion
was lost. Yeas, 50; nays, ITO.
Forfeited N. r. Lands.
WASHINGTON, May ia bill relating
to the forfeiture Of the Northern Pacific