New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-07
BUSINESS N THE SENATE.
MEASURES INTRODUCED BY MIR. sHERMAN-HIs
AMENDMENT RELATING TO UNITED STATES
rovps IN XATIoNAL BANKS

UONpS IN NAIIONNb DAMS
Washington. pee. 6.-Thcre was some discussion to
dar in the Scnat. over RESOLUTION offered 10y Mr..
,,,rr,p calling FOR statement Of money paid %
John l. Davenport. Inc r'o'"'''" manly went over
III Monday
Mr. IocaIls called mp bill making two Of the ,hr-o
District If Columbia Commissioners a quorum. The
discussion on thl> bill continued untl o'clock when
tbe bu went over without ac ion. The House amend
mont 10 tbc senate joint resolution for he Issue Of
am, to the States Of North ami ~ou Da o'a Wyoming
and Nebraska was concurcd in. # extends It to tho
state OF Montana
The Hons. bill TO attach tho Comfy Of Gravson.
T.Na, & the eastern district Of hat state passed.
The senate then resumed consideration Of the elrc
ton bill. and Mr.. GRAY resumed the floor and con
tinu-d hi, argument against IT,
Mr. Paddock presented the protest Of the Farmers
Alliance now In convention at Oca!a, fh against tho
pa-,aec of the Congcr Lard BILL
Mr. sherman introduced three bill, and amend
meut to a bill. all Of which were referred To tho
Finance Committee. The new bill, ar IT, follows:
To amend the law relating the refining and part
ing Of bullion TO amend the act authorizing the re
ccip Of gold coin in exchange for gold lar and III
authorizing the rccoinase OF subsidiary coins Of tbs
Init d states. The amendment is one Of tn senate
bil 10 reduce the amour OF United state, bond to be
rcun red Of National banks.
The provisions Of the amendment to the bill TO re-
ducc the amount Of ntcl States bonds O. be required
Of National banks and 10 restore TO the ch1nncs oi
trade the excessive accumulation Of money in the
Treasury, are a. fol,w':
section ! limit, the compulsory requirements Of dc
posts OF United state, bond, with tie Treasurer Of the
United states by National banks - thc amount OF
5000 + bond, for each and every National bank.
provided that tie voluntary withdrawal OF bonds for
IN, retirement oi National bank notes shall not -
c.ed 100000 in ans month. II further provides
that the at shall no, appl to tho deposits Of bonds
which may he required by the Secretary u the Treasury
u secure deposit, OF public moneys IN the National
banks
section provides that UPON United states bonds
deposited bearing interest any NatI nal bm@nc so
Gallon making TIE pot shall be entitled to receive
from the Controller OF the Currency circulating notes
OF different denominations. cNcccdu- I'D tn "h 90
amount "a, pal value oi The houI- dap'-i,cd II a.
PROV q t'af al no time sldI me t'iH amount y
such note, Issued ~ anN a-sOratou 'Acttu t' A"""'
AT such time 20 tLdl' plll ln OBJ f- 't9lI -N"
Section authorizes me secretary e " ue MOI
stats notes ,Qual 20 q retirement ~ touAl IAN"
n0t,, below circulation u l-nOl1.ol
sect on : authorize. tie less ln.tcl sat no.
% the amount NOT g. exc cd SlNlVpo,t 10 e lr
deemed at TIE p sure + t'. ''"v r.mcn'' A. %
bar - per IT Htc.c-' They A." 80 be >.d n
to'ie appN q q tie rcdcmpt or pa la OF hirl
sect. on- D. 6 md Il r. amendment are f'at FOL
In terms VIII ire bills iu'r tu 20 in tie u i.c p'
VI Carte. and -ug.os'cl p, to Seer "a s = h'
Treasury n h.- la-t rp = Thy p. vd ior te =.
parting 4 hnou ami for tie " p'- I. m Il 90" -c
f.r he CNchtU.e = 70. "a en-. % into rfd in'-
Tho three % Is fnt-1fucci D. sen It.r . M I'm
brace these t..rce prop'7 tons in separate form.