authorized by this act to an extent of the propor- | bank notes which have been or may be received tion of the notes to be so redeemed and bonds held as security for the same. SEC. 5. That when the circulating notes of any national banking association shall have been so far redeemed and canceled at the Treasury that the remaining notes shall not exceed three per cent. of the whole amount of circulating notes originally issued to said banking association, the Secretary of the Treasury is hereby authorized and directed to return to said bank the bonds deposited as security for its circulating notes, and said banking association shall be relieved from its obligation to pay said notes remaining in circulation, and the same shall be redeemed by the Secretary of the Treasury, and paid, on presentation to the Treasury, out of any money in the Treasury not otherwise appropriated. SEC. 6. That so much of any law or laws as are inconsistent herewith shall be, and the same are hereby, repealed. Which was disagreed to—yeas 51, nays 111, as follow: YEAS-Messrs. Adams, Axtell, Beck, Bird, Booker, Benjamin F. Butler, Calkin, Clinton L. Cobb, Cook, Covode, Cox, Creus, Dockery, Dox, Eldridge, Fitch, Fox, Getz, Gibson, Hambleton, Hamill, Hay, Hays, Heflin, Holman, Johnson, Lash, Marshall, McCormick, McNeely, Milnes, Morgan, Morrissey, Mungen, Niblack, Randall, Reeves, Rice, Ridgway, Rogers, Schumaker, Sherrod, Shober, Joseph S. Smith, Stiles, Strader, Sweeney, Trimble, Wells, Winchester, Woodward-51. 1 NAYS-Messrs. Allison, Ambler, Ames, Armstrong, Asper, Atwood, Bailey. Banks, Barry, Beaman, Beatty, Benjamin, Bennett, Benton, Biggs, Bingham, Blair, Boles, George M. Brooks, Buck, Buckley, Buffinton, Burchard, Burdett, Roderick R. Butler, Cessna, Churchill, Sidney Clarke, Amasa Cobb, Coburn, Conger, Cowles, Cullom, Dawes, Degener, Dickey, Dixon, Donley, Duval, Ferriss, Finkelnburg, Fisher, Garfield, Gilfillan, Griswold, Hawley, Hoar, Hooper, Hotchkiss, Judd, Julian, Kelley, Kellogg, Kelsey, Ketcham, Knapp, Laflin, Lawrence, Lewis, Logan, Mayham, Maynard. McCarthy, McCrary, McGrew, Mercur, Eliakim H. Moore, Jesse H. Moore, William Moore, Morphis, Daniel J. Morrell, Newsham, Orth, Packard, Paine, Palmer, Peck, Perce, Phelps, Platt, Poland, Pomeroy, Porter, Potter, Prosser, Sanford, Sargent, Sawyer, Lionel A. Sheldon, Porter Sheldon, John A. Smith, William Smyth, Starkweather, Stokes, Stoughton, Strickland, Taffe, Tanner, Taylor, Tillman, Townsend, Twichell. Upson, Van Trump, Van Wyck, Ward, Cadwalader C. Washburn, William B. Washburn, Wheeler, Whitmore, Winans-111. Mr. Morgan moved to substitute the following: That all acts and parts of acts authorizing the issue of national bank notes be, and the same are hereby, repealed. SEC. 2. That in order to meet the demands of trade, to secure a currency in quantity and value corresponding to the development of the material wealth and population of the United States, and provide for the people a means of paying their taxes, the Secretary of the Treasury is hereby required to cause to be executed gold treasury notes, commonly called greenbacks, of convenient denominations, in manner and form as already prescribed by law, to the amount of $400,000,000. by the agents of the United States in payment of taxes, or otherwise, and substitute for the same an equal amount of gold treasury notes, and pay to the depositors of said bonds a sum at par in treasury notes equal to the difference between the nominal value of the bonds deposited and the amount of bank currency issued on them. SEC. 4. That the Secretary of the Treasury is hereby also required to forthwith give notice, by publication, to the holders of the 5-20 bonds, so called, (which shall be designated by number, date, and amount,) of the largest denominations, and of such issues as have matured, that the same will be paid to the amount of $100,000,000, at par, in said treasury notes on presentation, and that on failure to present said bonds for payment within six weeks after said notice interest on the same shall cease from that date. SEC. 5. That in order to secure a uniform and stable currency, from and after the passage of this act all taxes, duties, and imposts of every kind, payable to the Government of the United States, shall be receivable in gold, silver, or treasury notes, at the option of the person making the payment; and upon the redemption of the public debt all outstanding treasury notes shall be redeemed at par, in gold or silver, in a manner to be provided for by law. And all acts and parts of acts inconsistent with the provisions of this act are hereby repealed. Which was disagreed to-yeas 37, nays 127, as follow: YEAS-Messrs. Adams, Axtell, Beck, Biggs, Bird, Burr, Conner, Crebs, Dox, Gibson, Hamill, Hawkins, Hays, Heflin, Holman, Johnson, Kerr, Knott, Lewis, Marshall, McCormick, McNeely, Morgan, Mungen, Niblack, Reeves, Rice, Ridgway, Rogers, Sherrod, Shober, Strader, Sweeney, Trimble, Van Trump, Wells, Winchester-37. NAYS-Messrs. Allison, Ambler, Ames, Armstrong, Asper, Atwood, Bailey, Banks, Barry, Beaman, Beatty, Benjamin, Bennett, Benton, Bingham, Blair, Boles, Booker, George M. Brooks, Buckley, Buffinton, Burchard, Burdett, Roderick R. Butler, Culkin, Cessna, Churchill, William T. Clark, Amasa Cobb, Clinton L. Cobb, Coburn, Cook, Conger, Cowles, Cox, Cullom, Dawes, Degener, Dickey, Dixon, Donley, Duval, Eia, Farnsworth, Ferriss, Ferry, Finkelnburg, Fisher, Fox, Garfield, Getz, Gilfillan, Griswold, Hale. Hambleton, Hamilton, Ilarris, Hawley, lay, Hooper, Ilotchkiss, Ingersoll, Judd, Julian, Kelley, Kellogg, Kelsey, Ketcham, Knapp, Laflin, Lash, Lawrence, Logan, Maynard, McCarthy, McCrary, McGrew, Mercur, Milnes, Eliakim II. Moore, Jesse HI. Moore, William Moore, Morphis, Daniel J. Morrell, Morrissey, Newsham, Orth, Packard, Paine, Palmer, Peck, Perce, Phelps, Platt, Poland, PomSawyer, Lionel A. Sheldon, Porter Sheldon, John A. eroy, Porter, Potter, Prosser, Randall, Sanford, Sargent, Smith, William Smyth. Starkweather, Stiles, Stokes, Stoughton, Strickland, Taffe, Tanner, Taylor, Tillman, Ward, Cadwalader C. Washburn, Whitmore, Willard, Townsend, Twichell, Upson, Van Horn, Van Wyck, John T. Wilson, Winans-127. June 15-Mr. Ingersoll moved to substitute the following: That the Secretary of the Treasury, in addition to the United States legal-tender notes heretofore issued under former acts of Congress, be, and he SEC. 3. That the Secretary of the Treasury is is hereby, authorized and directed to issue like hereby further required to cancel and destroy all notes of the denominations heretofore issued, and matured United States bonds deposited by the in such proportions as he may deem best, to the national banks as security in the Treasury of the amount of $44,000,000; $10,000,000 of said notes United States, and to redeem in said treasury to be issued within thirty days after the pasnotes the national bank notes issued on said bonds, sage of this act, and $10,000,000 within sixty and return to said banks, in redemption for their days after the passage of this act; and $10,000,notes, the non-matured bonds deposited as afore-000 within ninety days after the passage of this said; and he shall cancel and destroy all such act, and the remaining $14,000,000 within or e hundred and twenty days after the passage of this act. Which was disagreed to-yeas 51, nays 103, as follow: YEAS-Messrs. Adams, Archer, Beatty, Beck, Bennett, Burr, Amasa Cobb, Coburn, Cook, Conner, Crebs, Cullom, Dox, Eldridge, Gibson, Hambleton, Hamill, Hamilton, Hawkins, Hay, Hays, Heflin, Holman, Ingersoll, Kerr, Knott, Lawrence, Lewis, Marshall, McCormick, McKenzie, McNeely, Milnes, Morgan. Niblack, Orth, Packard, Reeves, Rice, Ridgway, Rogers, Roots, Sherrod, Strader, Trimble, Tyner, Van Trump, Wells, Winchester, Witcher, Wood51. NAYS-Messrs. Allison, Ambler, Ames, Asper, Atwood, Bailey, Banks, Barry, Beaman, Benjamin, Benton, Bingham, Bird, Blair, Booker, George M. Brooks, Buck, Buckley, Buffinton, Burchard, Burdett, Roderick R. Butler, Cessna, Churchill, Sidney Clarke, Cleveland, Conger, Cowles, Cox, Degener, Dickey, Dixon, Donley, Duval, Dyer, Ela, Farnsworth, Ferriss, Finkelnburg, Fisher, Fitch, Fox, Garfield, Getz, Haight, Hale, Harris, Hawley.Hoar, Hooper, Hotchkiss, Judd, Julian, Kelley, Kellogg, Kelsey, Ketcham, Knapp, Laflin, Lash, Maynard, McCarthy, McCrary, McGrew, Mercur, William Moore, Morphis, Daniel J. Morrell, Morrissey, Newsham, Packer, Peck, Perce, Phelps, Poland, Pomeroy, Potter, Randall, Sargent, Sawyer, Schenck, Schumaker, Porter Sheldon, Joseph S. Smith, William Smyth, Stark weather, Stiles, Stokes, Strickland, Strong, Swann, Taffe, Tanner, Tillman, Twichell, Upson, Van Auken, Van Wyck, Ward, William B. Washburn, Willard, Winans, Woodward-103. Messrs. Ingersoll and Lynch offered amendments in the nature of substitutes, which were disagreed to without a division. Mr. Joseph S. Smith moved to insert as an additional section to the Senate bill: SEC. That after the 1st day of January, A. D. 1871, no interest shall be paid to any national banking association on the bonds deposited by it in pursuance of law as security for its circulation, except on the excess of the par value of such bonds over and above the amount of national bank notes issued to it and not redeemed or canceled by the Government; and that after that date no tax shall be levied or collected on the circulation of any national banking associa tion. Which was disagreed to-yeas 37, nays 118, as follow: YEAS-Messrs. Adams, Beck, Bird, Burr, Calkin, Conner, Cox, Crebs, Dox, Hambleton, Holman, Knott, Lewis, Marshall, Mayham, McNeely, Milnes, Morgan, Morrissey, Mungen, Niblack, Randall, Reeves, Rice, Ridgway, Rogers, Schumaker, Sherrod, Shober, Joseph S. Smith, Stiles, Sweeney, Trimble, Van Auken, Van Trump, Winchester, Wood-37. NAYS-Messrs. Allison, Ames, Armstrong. Asper, Atwood, Bailey, Banks, Barry, Beaman, Beatty, Bennett, Benton, Blair, Boles, Booker, Boyd, George M. Brooks, Buck, Buckley, Buffinton, Burchard, Burdett, Benjamin F. Butler, Roderick R. Butler, Cessna, Churchill, William T. Clark, Cleveland, Amasa Cobb, Coburn, Cook, Conger, Cowles, Degener, Dickey, Dixon, Dockery, Donley, Duval, Éla, Farnsworth, Ferriss, Finkelnburg, Fisher, Garfield, Getz, Haight, Hale, Hamilton, Hawkins, Hawley, Hay, Hays, Hoar, Hooper, Hotchkiss, Ingersoll, Judd, Julian, Kelley, Kellogg, Kelsey, Ketcham, Knapp, Laflin, Lash, Lawrence, Logan, Maynard, McCarthy, McCrary, McGrew, Mercur, Eliakim H. Moore, Jesse H. Moore, William Moore, Morphis, Daniel J. Morrell, Orth, Packard, Packer, Paine, Palmer, Peck, Phelps, Platt, Poland, Pomeroy, Potter, Sargent, Sawyer, Schenck, Lionel A. Sheldon, John A. Smith, William Smyth, Starkweather, Stokes, Stoughtor, Strader, Strickland, Strong, Taffe, Tanner, Taylor, Tillman, Twichell, Tyner, Upson, Van Wyck, Ward, Cadwalader C. Washburn, William B. Washburn. Wheeler, Willard, John T. Wilson, Winans, Witcher, Woodward-118. Mr. Judd moved to strike out the following from the 2d section of the substitute: And when the whole amount of additional circulating notes, issued in accordance with the provisions of the preceding section of this act, hall exceed the amount of three per cent. tem porary loan certificates, the Secretary of the Treasury shall, at the beginning of each month, redeem and cancel an amount of United States notes equal to eighty per cent. of the amount of additional circulating notes issued to national banking associations during the preceding month, in accordance with the provisions of this act. Which was agreed to, upon a division-ayes 72, noes 44. Mr. Allison moved to add to the last section of the substitute the following: And from and after the passage of this act it shall be unlawful for any national banking association to pay interest on deposits received from and deposited by any other national banking association, or to pay interest on current deposits, or to include in its reserve of lawful money any deposits upon which interest is received or paid. Which was disagreed to-yeas 69, nays 94, as follow: YEAS-Messrs. Adams, Allison, Ames, Archer, Asper, Axtell, Barry, Beck, Biggs, Boles, Burchard, Burr, Calkin, Churchill, William T. Clark, Cleveland, Cook, Conger, Conner, Crebs, Degener, Dox, Dyer, Finkelnburg, Fox, Garfield, Getz, Haight, Harris, Hawkins, Hay, Heflin, Holman, Hooper, Judd, Kelley, Knott, Marshall, Mayham, Maynard, McCormick, McKenzie, McNeely, Milnes, Morgan, Morrissey, Mungen, Niblack, Perce, Reeves, Rice, Ridgway, Rogers, Schenck, Sherrod, Shober, Joseph S. Smith, Stiles, Strader, Sweeney, Taylor, Trimble, Van Auken, Van Trump, Wells, Winans, Winchester, Witcher, Wood-69. NAYS-Messrs. Ambler, Armstrong, Atwood, Bailey, Banks, Beaman, Beatty, Benton, Bingham, Bird, Blair, Booker, Boyd, George M. Brooks, Buck, Buckley, Buffinton, Burdett, Roderick R. Butler, Cessna, Sidney Clarke, Amasa Cobb, Clinton L. Cobb, Coburn, Cowles, Cox, Cullom, Dawes, Dickey, Dixon, Donley, Duval, Farnsworth, Ferriss, Fisher, Griswold, Hawley, Hays, Hoar, Hotchkiss, Ingersoll, Julian, Kellogg, Kelsey, Ketcham, Knapp, Laflin, Lash, Lawrence, Lewis, McCarthy, McGrew, Mercur, Eliakim II. Moore, Jesse H. Moore, William Moore, Daniel J. Morrell, Samuel P. Morrill, Newsham, Orth, Packard, Packer, Paine, Peck, Phelps, Platt, Poland, Pomeroy, Roots, Sanford, Sargent, Sawyer, Lionel A. Sheldon, Porter Sheldon William Smyth, Starkweather, Stokes, Stoughton Strickland, Strong, Taffe, Tanner, Tillman, Twichell, Tyner, Upson, Van Wyck, Ward, Cadwalader C. Washburn, William B. Washburn, Wheeler, Willard, John T. Wilson, Woodward—94. Mr. Burchard moved to amend the substitute by adding the following as a new section: SEC. That hereafter every national banking association shall retain and keep in coin, or Treasury coin certificates, as part of its reserve, the interest falling due upon its bonds deposited as security for its circulation, until the reserve required to be kept by such bank at its place of business shall consist wholly of coin and coin certificates. Which was disagreed to-yeas 33, nays not counted. Mr. Coburn moved to add to the substitute of the committee the following, as a new section: SEC. That the Secretary of the Treasury be, and he is hereby, authorized to issue on the credit of the United States the sum of $44,000,000 of United States notes, in addition to such as have been heretofore issued, in denominations of not less than $100, under the provisions of law for issuing such notes, and shall with them redeem the said three per cent. temporary loan certificates, used as a portion of the lawful money reserves by the national banks. Which was disagreed to-yeas 77, nays 95, as follow: YEAS-Messrs. Adams, Allison, Ames. Archer. Beatty, | insert in lieu thereof "forty-five." Page 1, line Beck, Bennett, Boles, Booker, Boyd. Buckley, Burr, Ben- 18, after the word "coin" insert the following jamin F. Butler, Roderick R. Butler, Sidney Clarke, Amasa Cobb, Clinton L. Cobb, Coburn, Cook, Conner, "but a new apportionment of the increased circuCrebs, Cullom, Dockery, Dox, Dyer, Eldridge, Gibson, lation herein provided for shall be made as soon Griswold, Hambleton, Hawkins, Hay, Hays, Heflin, Holman, Ingersoll, Knott, Lash, Lawrence, Lewis, Marshall, as practicable, based upon the census of 1870." Maynard, McCormick, McKenzie, McNeely, Eliakim H. After section add the following sections: Moore, Jesse H. Moore, Morgan, Morphis, Morrissey, SEC. That upon Mungen, Newsham, Niblack, Orth, Packard, Pomeroy, States bonds, bearing interest payable in gold, the deposit of any United Randall, Reeves, Rice, Ridgway, Rogers, Roots, Sherrod, Shober, Joseph S. Smith, Strader, Taffe, Trimble, Tyner, with the Treasurer of the United States, in the Van Horn, Van Trump, Van Wyck, Wells, John T. Wilson, manner prescribed in the 19th and 20th secWinchester, Witcher, Wood-77. NAYS-Messrs. Ambler, Armstrong, Asper, Atwood, tions of the national currency act, it shall be Axtell, Bailey, Banks, Barry, Beaman, Benjamin, Ben- lawful for the Comptroller of the Currency to ton, Bingham, Bird, Blair, George M. Brooks, James issue to the association making the same circuBrooks, Buck, Buffinton, Burchard, Burdett, Calkin, Churchill, William T. Clark, Cleveland, Conger, Cowles, lating notes of different denominations not less Cox, Dawes, Degener, Dickey, Dixon, Donley, Duval, than five dollars, not exceeding in amount eighty Farnsworth, Ferriss, Finkelnburg, Fisher, Fox, Gar- per cent. of the par value of the bonds deposited field, Getz, Haight, Hale, Hawley, Hooper, Hotchkiss, which notes shall bear upon their face the prom Judd, Julian, Kelley, Kellogg, Kelsey, Ketcham, Knapp, Laflin, Mayham, McCarthy, McGrew, Mercur, ise of the association to which they are issued to William Moore, Daniel J. Morrell, Samuel P. Morrill, pay them upon presentation at the office of the Packer, Paine, Palmer, Peck, Perce, Phelps, Platt, Poland, Porter, Potter, Sanford, Sawyer, Schenck, Schu- association in gold coin of the United States, and maker, Lionel A. Sheldon, Porter Sheldon, William shall be redeemable upon such presentation in Smyth, Starkweather, Stiles, Stokes, Stoughton, Strick-such coin: Provided, That no banking associaland, Strong, Tanner, Taylor, Tillman. Twichell, Uption organized under this section shall have a son, Van Auken, Ward, Cadwalader C. Washburn, liam B. Washburn, Wheeler, Willard, Winans, Wood ward-95. The bill was then passed-yeas 98, nays 80, as follow: YEAS-Messrs. Allison, Ambler, Armstrong, Asper, Atwood, Bailey, Barry, Beaman, Beatty, Benjamin, Bennett, Bingham, Boles, Booker, Boyd, Buck, Buckley, Burchard, Burdett, Cessna, William T. Clark, Amasa Cobb, Clinton L. Cobb, Coburn, Cook, Conger, Cowles, Cullom, Degener, Dickey, Dockery, Donley, Duval, Dyer, Farnsworth, Finkelnburg, Garfield, Gibson, Hamilton, Harris, Ilawkins, Hawley, Hay, Hays, Heflin, Judd, Julian, Kelley, Kelsey, Knapp, Lash, Lawrence, Logan, McCarthy, McCormick, McCrary, McGrew, McKee, McKenzie, Mercur, Milnes, Eliakim H. Moore, Jesse H. Moore, William Moore, Morphis, Newsham, Orth, Packard,' Packer, Palmer, Peck, Perce, Phelps, Platt, Pomeroy, Rogers, Roots, Schenck, Shanks, Lionel A. Sheldon, Porter Sheldon, William Smyth, Stokes, Stoughton, Strickland, Taffe, Tillman, Tyner, Upson, Van Horn, Van Wyck, Welker, Wells, Wilkinson, Willard, John T. Wilson, Winans, Witcher-98. NAYS-Messrs. Adams, Ames, Archer, Axtell, Banks, circulation in excess of $1,000,000. SEC.. That every national banking association formed under the provisions of the preceding section of this act shall at all times keep on hand not less than twenty-five per cent. of its outstanding circulation in gold or silver coin of the United States, and shall receive at par in the payment of debts the gold notes of every other such banking association which at the time of such payments shall be redeeming its circulating notes in gold coin of the United States. SEC. That every association organized for the purpose of issuing gold notes, as provided in this section, shall be subject to all the requirements and provisions of the national currency act, except the first clause of section 22, which limits the circulation of national banking associations to $300,000,000; the first clause of secBenton, Biggs, Bird, Blair, George M. Brooks, James tion 32, which, taken in connection with the preBrooks, Buffinton, Burr, Calkin, Churchill, Cleveland, ceding section, would require national banking Conner, Cox, Crebs, Dawes, Dixon, Dox, Ela, Eldridge, associations organized in the city of San FranFerriss, Fisher, Fox, Getz, Griswold, Haight, Hale, Hambleton, Hamill, Hoar, Holman, Hooper, Ingersoll, Ketch- cisco to redeem their circulating notes at par in am, Knott, Laflin, Lewis, Marshall, Mayham, Maynard, the city of New York; and the last clause of McNeely, Morgan, Daniel J. Morrell, Samuel P. Morrill, section 32, which requires every national bankMorrissey, Mungen, Niblack, Paine, Poland, Potter, Randall, Reeves, Rice, Sanford, Sargent, Sawyer, Shober, ing association to receive in payment of debts Joseph S. Smith, Starkweather, Stiles, Strader, Strong, the notes of every other national banking assoSwann, Sweeney, Tanner, Taylor, Twichell, Van Auken, ciation at par: Provided, That in applying the Van Trump, Ward, Cadwalader C. Washburn, William 'B. Washburn, Wheeler, Winchester, Wood, Woodward-provisions and requirements of said act to the banking associations herein provided for, the terms "lawful money" and and "lawful money of the United States" shall be held and construed to mean gold or silver coin of the United States. 80. Mr. Garfield moved to amend the title, so as to read: "To provide for the redemption of the three per cent. temporary loan certificates and for the increase of national bank notes." Which was agreed to. 1870, June 21-The SENATE refused to concur in the House amendments and asked a committee of conference, which was granted. June 27-The COMMITTEE OF CONFERENCE, consisting of Senators Sherman, Warner, and Sprague, and Representatives Garfield, Thomas L. Jones, and Lionel A. Sheldon, made the following report: That the Senate recede from their disagreement to the amendments of the House to the Senate bill, and agree to the same, with the following amendments: Page 1, line 1, strike out "ninety-five" and That section 3 be amended as follows: page 4, line 3, after the word "withdrawing," insert "onethird of." Same page, line 5, strike out the word "three" and insert in lieu thereof the word "two." IN HOUSE, June 29, 1870. The report of the committee of conference was disagreed to-yeas 53, nays 127, as follow: Blair, Boles, Bowen, Buckley, Roderick R. Butler, gent, Sawyer, Schenck, Scofield, Lionel A. Sheldon, Porter Sheldon, Shober, John A. Smith, Worthington C. Smith, William Smyth, Stevens, Stokes, Tanner, Tavlor, Tillman, Upson, Wallace, Ward, Willard, Winans-53. NAYS-Messrs. Adams, Allison, Ambler, Armstrong, Atwood, Banks, Barnum, Beatty, Beck, Benjamin, Ben nett, Biggs, Bingham, Bird. George M. Brooks, James Brooks, Buffinton, Burchard, Burr, Benjamin F. Butler, Calkin, Cessna, William T. Clark, Sidney Clarke, Cleveland, Amasa Cobb, Clinton L. Cobb, Coburn, Conger, Cook, Cox, Crebs, Cullom, Davis, Dawes, Degener, Dick inson, Dixon, Dockery, Dox, Dyer, Eldridge, Farnsworth, Ferry, Fisher, Getz, Griswold, Hambleton, Hamill, Hawkins, Hawley, Hay, Hoar. Holman, Hooper, Ingersoll, Johnson, Judd, Kelley, Kellogg, Kerr, Ketcham, Knott, Lawrence, Lewis, Loughridge, Marshall, May nard, McCarthy, McCormick, McGrew, McKee, McNeely, Milnes, Jesse H. Moore, William Moore, Morgan, Morphis, Daniel J. Morrell, Mungen, Myers, Negley, Niblack, O'Neill, Orth, Packer. Paine, Peck, Phelps, Porter, Prosser, Reeves, Rice, Rogers, Sanford, Schumaker, Shanks Slocum, Joseph S. Smith, Starkweather, Steven son, Stile, Stome, Stoughton, Strader, Strickland, Strong, Swann, Sweeney, Taffe, Townsend, Twichell, Tyner, Van Auken, Van Horn, Van Wyck. Welker, Wells, Wheeler, Whitmore, Wilkinson, Williams. Eugene M. Wilson, John T. Wilson, Winchester, Wood, Woodward—127. Virginia, $4,915,985; West Virginia, $457,770; Illinois, $1,079,592; Michigan, $786,776; Wisconsin, $2,117,939; Iowa, $681,363; Kansas, $174,712; Missouri, $3,000,412; Kentucky, $4,651,349; Tennessee, $4,331,759; Louisiana, $5,425,193; Mississippi, $2,980,470; Nebraska, $6,576; Georgia, $4,681,728; North Carolina, $4,098,628; South Carolina, $4,216,838; Alabama, $4,081,212; Oregon, $161,273; Texas, $2,032,194; Arkansas, $1,455,519; Utah, $58,332; California, $1,717,388; Florida, $546,442; Dakota, $15,441; New Mexico, $277,939; Washington Territory, $47,180. Total, $54,000,000. The following is the apportionment of the existing circulation: Maine, $5,415,000; New Hampshire, $3,312,000; Vermont, $2,989,500; Massachusetts, $21,795,000; Rhode Island, $4,794,000; Connecticut, $7,222,500; New York, $53,473,500; New Jersey, $6,690,000; Pennsylvania, $26,527,500; Maryland, $7,137,000; Delaware, $1,090,500; District of Columbia, $658,500; Virginia, $10,731,000; West Virginia, $2,788,500; Ohio, $17,623,500; Indiana, $9,615,000; Illinois, $11,838,000; Michigan, $5,200,500; Wisconsin, $6,211,500; Iowa, $4,408,500; Minnesota, $1,050,000; Kansas, $646,500; Missouri, $9,411,000; Kentucky, $10,500,000; Tennessee, $8,766,000; Louisiana, $10,581,000; Mississippi, $5,265,000; Nebraska, $181,500; Colorado, $193,500; Georgia, $9,420,500; North Carolina, $7,546,500; South Carolina, $7,566,000; Alabama, $7,425,000; Nevada, $48,000; Oregon, $370,500; Texas, $3,961,000; Arkansas, $2,724,000; Utah, $237,000; California, $3,003,000; Florida, $955,500; Dakota, $27,000; New Mexico, $486,000; Washington Territory, $82,500. Total, $299,968,500. IN HOUSE, December 11, 1869. Mr. Ingersoll introduced a "bill authorizing an additional issue of legal-tender notes to the amount of $44,000,000, and for other purposes; which was referred to the Committee on Banking and Currency. Pending question of reference, Mr. Scofield moved to lay the bill on the table; which was disagreed to-yeas 65, nays 88, as follow: YEAS-Messrs. Ambler, Ames, Asper, Bailey, Beaman, Benjamin, Biggs. Bird, Blair, Boyd, George M. Brooks, Duval, Ferriss, Finkelnburg. Fisher, Garfield, Getz, HulBuck, Buckley, Buffinton, Cox. Dawes, Dixon. Donley, deman, Hoar, Hooper, Jenckes, Kelley, Kellogg, Kelsey, Kerr, Ketcham, Knapp, Laflin, Lash, McGrew, Mercur, O'Neill, Poland, Randall, Reading, Reeves. Scofield, Porter William Moore, Samuel P. Morrill, Mungen, Myers, Sheldon, John A. Smith, Worthington C. Smith, Starkweather, Stevens. Stoughton, Strickland, Strong, Townsend, Twichell, Ward, Cadwalader C. Washburn. William B. Washburn, Wheeler, Willard, Winans, Woodward-65. Bennett, Boles, Burchard, Burdett, Burr, Benjamin F. NAYS-Messrs. Allison, Armstrong, Arnell, Beatty, Butler, Roderick R. Butler, Calkin, Cessna, Amasa Cobb, Coburn, Cook, Cowles, Crebs, Cullom, Davis, Deweese, Dickinson, Dockery, Dox, Dyer, Eldridge, FarnsHawkins Hawley, Hay, Heaton. Heflin, Hoag, Solomon worth, Ferry, Fitch, Gilfillan, Griswold, Hamilton, L. Hoge. Holman. Ingersoll, Johnson, Alexander H. Jones, Judd, Julian, Knott, Lawrence, Loughridge, Mayham, Maynard, McCarthy, McCormick, McCrary, Morgan, Negley, Niblack, Orth, Packard, Paine, Peters, Pomeroy, Prosser, Rice. Rogers, Sargent, Lionel A. Sheldon, Joseph S. Smith, William J. Smith, William Smyth, Stevenson, Stokes, Stone, Strader, Sweeney, Taffe, Tanner, Tillman, Tyner, Upson, Van Trump, Welker, Wells, B. F. Whittemore, Wilkinson, Williams, Eugene M. Wilson, Witcher, Wood-88. YEAS-Messrs. Adams, Archer, Axtell, Beck, Biggs, Bird, James Brooks, Burr, Roderick R. Butler, Calkin, Cox, Griswold, Haight, Haldeman, Hambleton, Hamill, HawCrebs, Dickinson, Dox, Eldridge, Getz, Golladay, Greene, kins, Hay, Holman, Johnson, Thomas L. Jones, Kerr, Knott, Marshall, Mayham, McCormick, McNeely, Morgan, maker, Sherrod, Joseph S. Smith, Stiles, Strader, Swann, Mungen, Niblack, Randall, Reading, Reeves, Rogers, SchuTrimble, Van Auken, Van Trump, Voorhees, Wells, Eugene M. Wilson, Winchester, Wood, Woodward-56. ley, Banks, Barnum, Beaman, Beatty, Benjamin, BenNAYS-Messrs. Ambler, Ames, Armstrong, Asper, Baiton, Bingham, Blair, Boles, Bowen, Boyd. G. M. Brooks, Buck, Buckley, Buffinton, Burchard, Burdett, Cake, Cessna, Sidney Clarke, Amasa Cobb, Clinton L. Cobb, Coburn, Cook, Conger, Cowles. Dawes, Deweese, Dickey, Dixon, Donley, Duval, Dyer, Ferriss, Finkelnburg, Fisher, Garfield. Gilfillan, Hale, Hamilton, Hawley, Heaton, Heflin, Hill, Hoar, Hooper, Jenckes, Judd, Julian, Kelley, Kellogg, Kelsey, Ketcham, Knapp, Lash, Lawrence, Logan, Lynch, McCarthy, McCrary, McGrew, Mercur, Eliakim H. Moore, Jesse H. Moore, William Moore, Daniel J. Morrell, Myers, Negley, O'Neill, Orth, Packard, Packer, Paine, Palmer, Peters, Phelps, Poland, Pomeroy, Potter, Prosser, Roots, Sargent, Sawyer, Scofield, Lionel A. Sheldon, Porter Sheldon, John A. Smith, William J. Smith, Worthington C. Smith, Starkweather, Stevens, Stokes, Stoughton, Strong, Taffe, Tanner, Tillman, Townsend. Twichell, Tyner, Upson, Cadwalader C. Washburn, William B. Washburn, Welker, Wheeler, Wilkinson, Willard, Williams, John T. Wilson-114. tion the Secretary of the Treasury shall give public notice; and the interest on the particular bonds so selected at any time to be paid shall cease at the expiration of three months from the date of such notice. Be it enacted, &c., That the Secretary of the Treasury is hereby authorized to issue, in a sum or sums not exceeding in the aggregate $200,000,000, coupon or registered bonds of the United SEC. 4. That the Secretary of the Treasury is States, in such form as he may prescribe, and of hereby authorized, with any coin in the Treasury denominations of fifty dollars, or some multiple of the United States which he may lawfully apof that sum, redeemable in coin of the present ply to such purpose, or which may be derived standard value, at the pleasure of the United from the sale of any of the bonds the issue of States, after ten years from the date of their is- which is provided for in this act, to pay at par sue, and bearing interest, payable semi-annually and cancel any six per cent. bonds of the United in such coin, at the rate of five per cent. per an- States of the kind known as 5-20 bonds which num; also a sum or sums not exceeding in the have become or shall hereafter become redeemable aggregate $300,000,000 of like bonds, the same by the terms of their issue. But the particular in all respects, but payable at the pleasure of the bonds so to be paid and canceled shall in all cases United States, after fifteen years from the date of be indicated and specified by class, date, and numtheir issue, and bearing interest at the rate of four ber, in order of their numbers and issue, beginand a half per cent. per annum; also a sum or sums ning with the first numbered and issued, in public not exceeding in the aggregate $1,000,000,000 notice, to be given by the Secretary of the Treasof like bonds, the same in all respects, but pay-ury, and in three months after the date of such able at the pleasure of the United States, after thirty years from the date of their issue, and bearing interest at the rate of four per cent. per annum; all of which said several classes of bonds, and the interest thereon, shall be exempt from the payment of all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority; and the said bonds shall have set forth and expressed upon their face the above specified conditions, and shall, with their coupons, be made payable at the Treasury of the United States. But nothing in this act, or in any other law now in force, shall be construed to authorize any increase whatever of the bonded debt of the United States. public notice the interest on the bonds so selected and advertised to be paid shall cease. SEC. 5. That the Secretary of the Treasury is hereby authorized, at any time within two years from the passage of this act, to receive gold coin of the United States on deposit for not less than thirty days, in sums of not less than $100, with the Treasurer, or any assistant treasurer of the United States authorized by the Secretary of the Treasury to receive the same, who shall issue therefor certificates of deposit, made in such form as the Secretary of the Treasury shall prescribe, and said certificates of deposit shall bear interest at a rate not exceeding two and a half per cent. per annum; and any amount of gold coin so deposited may be withdrawn from deposit at any SEC. 2. That the Secretary of the Treasury is time after thirty days from the date of deposit, hereby authorized to sell and dispose of any of and after ten days' notice and on the return of the bonds issued under this act at not less than said certificates: Provided, That the interest on their par value for coin, and to apply the pro- all such deposits shall cease and determine at the ceeds thereof to the redemption of any of the pleasure of the Secretary of the Treasury. And bonds of the United States outstanding and not less than twenty-five per cent. of the coin known as 5-20 bonds at their par value; or he deposited for or represented by said certificates may exchange the same for such 5-20 bonds, par of deposits shall be retained in the Treasury for for par; but the bonds hereby authorized shall the payment of said certificates; and the excess be used for no other purpose whatsoever. And beyond twenty-five per cent. may be applied, at a sum not exceeding one-half of one per cent. of the discretion of the Secretary of the Treasury, the bonds herein authorized is hereby appro-to the payment or redemption of such outstandpriated to pay the expense of preparing, issuing, advertising, and disposing of the same. SEC. 3. That the payment of any of the bonds hereby authorized after the expiration of the said several terms of ten, fifteen, and thirty years shall be made in amounts to be determined froni time to time by the Secretary of the Treasury at his discretion, the bonds so to be paid to be distinguished and described by the dates and numbers, beginning for each successive payment with the bonds of each class last dated and numbered, of the time of which intended payment or redemp ing bonds of the United States heretofore issued and known as the 5-20 bonds, as he may designate under the provisions of the 4th section of this act; and any certificates of deposit issued as aforesaid may be received at par, with the interest accrued thereon, in payment for any bonds authorized to be issued by this act. SEC. 6. That the United States bonds purchased and now held in the Treasury in accordance with the provisions relating to a sinking fund, of section 5 of the act entitled "An act to authorize the issue of United States notes, and for the re |