Imágenes de páginas
PDF
EPUB

"An act to provide a national currency secured designated depositary of the United States, be by a pledge of United States bonds, and to pro- forwarded to the Treasurer of the United States vide for the circulation and redemption thereof," for redemption as provided herein. And when approved June third, eighteen hundred and sixty- such redemptions have been so reimbursed, the four, shall be hereafter known as “the national circulating notes so redeemed shall be forwarded bank act."

to the respective associations by which they were SEC. 2. That section thirty-one of the“national issued; but if any of such notes are worn, mutibank act” be so amended that the several asso-lated, defaced, or rendered otherwise unfit for ciations therein provided for shall not hereafter use, they shall be forwarded to the Comptroller be required to keep on hand any amount of money of the Currency and destroyed and replaced as whatever by reason of the amount of their re- now provided by law: Provided, That each of spective circulations; but the moneys required said associations shall reimburse to the Treasury by said section to be kept at all times on hand the charges for transportation, and the costs for shall be determined by the amount of deposits in assorting such notes; and the associations hereall respects, as provided for in the said section. after organized shall also severally reimburse to

SEC. 3. That section twenty-two of the said the Treasury the cost of engraving such plates act, and the several amendments thereto, so far as shall be ordered by each association respecas they restrict the amount of notes for circula- tively; and the amount assessed upon each assotion under said acts, be, and the same are hereby, ciation shall be in proportion to the circulation repealed; and the proviso in the first section of redeemed, and be charged to the fund on deposit the act approved July twelfth, eighteen hundred with the Treasurer: And provided further, That and seventy, entitled "An act to provide for the so much of section thirty-two of said national redemption of the three per centum temporary bank act requiring or permitting the redemption loan certificates, and for an increase of national of its circulating notes elsewhere than at its own bank notes," prohibiting the banks hereafter or- counter, except as provided for in this section, is ganized a circulation over five hundred thousand hereby repealed. dollars; and the proviso in the third section of SEC. 5. That any association organized under said act limiting the circulation of banks author. this act, or any of the acts of which this is an ized to issue notes redeemable in gold coin to one amendment, desiring to withdraw its circulating million dollars; and section six of said act, re- notes, in whole or in part, may, upon the deposit lating to the redistribution of twenty-five mil- of lawful money with the Treasurer of the Unilions of circulating notes, be, and the same are ted States in sums of not less than nine thousand hereby repealed; that every association hereafter dollars, take up the bonds which said associaorganized shall be subject to, and be governed by, tion has on deposit with the Treasurer for the the rules, restrictions, and limitations, and pos- security of such circulating notes; which bonds sess the rights, privileges, and franchises, now or shall be assigned to the bank in the manner hereafter to be prescribed by law as to national specified in the nineteenth section of the national banking associations, with the same power to bank act; and the outstanding notes of said amend, alter, and repeal provided by “the na | association, to an amount equal to the legal tentional bank act.”

der notes deposited, shall be redeemed at the SEC. 4. That every association organized, or Treasury of the United States, and destroyed as to be organized, under the provisions of the now provided by law: Provided, That the said act, and of the several acts amendatory amount of the bonds on deposit for circulation thereof, shall at all times keep and have on des shall not be reduced below fifty thousand dollars. posit in the Treasury of the United States, in SEC. 6. That the Comptroller of the Currency lawful money of the United States, a sum equal shall, under such rules and regulations as the to five per centum of its circulation, to be held Secretary of the Treasury may prescribe, cause and used for the redemption of such circulation; the charter numbers of the association to be which sum shall be counted as a part of its law- printed upon all national bank notes which may ful reserye, as provided in section two of this be hereafter issued by him. act; and when the circulating notes of any such SEC. 7. That the entire amount of United associations, assorted or unassorted, shall be pre- States notes outstanding and in circulation at sented for redemption, in sums of one thousand any one time shall not exceed the sum of three dollars, or any multiple thereof, to the Treasurer hundred and eighty-two million dollars, which of the United States, the same shall be redeemed shall be retired and reduced in the following in United States notes. All notes so redeemed manner only, to wit: within thirty days after shall be charged by the Treasurer of the United circulating notes to the amount of one million to the respective associations issuing the same, dollars shall, from time to time, be issued to and he shall notify them severally, on the first national banking associations under this act, in day of each month, or oftener, at his discretion, excess of the highest outstanding volume thereof of the amount of such redemptions; and when at any time prior to such issue, it shall be the ever such redemptions for any association shall duty of the Secretary of the Treasury to retire amount to the sum of five hundred dollars, such an amount of United States notes equal to threeassociation so notified shall forth with deposit eighths of the circulating notes so issued, which with the Treasurer of the United States a sum shall be in reduction of the maximum amount in United States notes equal to the amount of of three hundred and eighty-two million dollars its circulating notes so redeemed. And all fixed by this section; and such reduction shall notes of national banks worn, defaced, mutilated, continue until the maximum amount of United or otherwise unfit for circulation shall, when re- States notes outstanding shall be three hundred ceived by any assistant treasurer or at any 1 million dollars; and the United States notes so retired shall be canceled and carried to the SCHURZ, Stevenson, Stewart, Stockton, Thurman, account of the sinking fund provided for by the Washburne-23. second clause of section five of the act approved ABSENT—Messrs. Boreman, Brownlow, Camon the twenty-fifth of February, eighteen hun- eron, Chandler, Cooper, Cragin, Davis, Dennis, dred and sixty-two, entitled "An act to authorize FENTON, Ferry of Connecticut, Gordon, Kelly, the issue of United States notes, and for the re. Lewis, Ransom, Saulsbury, Sprague, Wadleigh, demption and funding thereof, and for funding Windom-18. the floating debt of the United States," and shall constitute a portion of said sinking fund.

IN HOUSE. And the interest thereon, computed at the rate of five per centum, shall be added annually to June 13—The conference report was disagreed said sinking fund. But if the surplus revenue to-yeas 108, nays 146, not voting 35: be not sufficient for this purpose, the Secretary YEAS-Messrs. Albright, Averill, Barber, Barof the Treasury is hereby authorized to issue rere, Begole, Biery, Bradley, BROMBERG, Bundy, and sell at public sale, after ten days' notice Burchard, Burrows, R. R. Butler, Cain, Cannon, of the time and place of sale, a sufficient amount Cessna, A. Clark, Clements, C. L. Cobb, S. A. of the bonds of the United States of the charac-Cobb, Conger, Cotton, Crounse, Crutchfield, Curter and description prescribed in this act for tis, Darrall, Dobbins, Dunnell, Farwell, Fort, United States notes to be then retired and can. C. Foster, Garfield, Hagans, Harrison, J. B. celed.

Hawley, Hays, J. W. Hazelton, Hodges, Howe, SEC. 8. That on and after the first day of Jan Hunter, Hurlbut, HYNES, Kasson, Lamport, uary, eighteen hundred and seventy-eight, any Lansing, B. Lewis, Lofland, Loughridge, Lowe, holder of United States notes to the amount of J. R. Lynch, Martin, Maynard, McČrary, A. fifty dollars, or any multiple thereof, may pre- S. McDill, J. W. McDill, McKee, McNulta Mersent them for payment at the office of the Treas- riam, Monroe, Morey, L. Myers, Negley, Orr, urer of the United States, or at the office of the Packard, Packer, Parsons, Pelham, Phillips, J. assistant treasurer at the city of New York; and H. Platt, Pratt, Purman, Rainey, Ransier, Rathereupon he shall be entitled to receive, at his pier, Ray, J. B. Rice, Richmond, J. W. Robinoption, from the Secretary of the Treasury, who is son, Ross, Rusk, Sawyer, Scofield, I. W. Scudauthorized and required to issue, in exchange for der, Sheats, I. R. Sherwood, L. D. Shoemaker, said notes, an equal amount of either class of the A. H. Smith, G. L. Smith, J. A. Smith, J. Q: coupon or registered bonds of the United States Smith, Snyder, Sprague, Stowell, Strait, Strawprovided for in the first section of the act ap- bridge, C. R. Thomas, Thornburgh, Todd, Waldproved on the fourteenth of July, eighteen hun ron, J. D. Ward, M. L. Ward, Whiteley, G. Wildred and seventy, entitled "An act to authorize lard, C. G. Williams, Williams of Indiana, W. the refunding of the national debt," and the act B. Williams, Wilshire, J. Wilson, Woodworthamendatory thereof, approved the twentieth day 108. of January, eighteen hundred and seventy-one, Nays—Messrs. Adams, Albert, Archer, Ar. which bond shall continue to be exempt from thur, Ashe, Atkins, BANNING, Barnum, Bass, J. taxation as provided in said act: Provided, how- B. Beck, H. P. Bell, Berry, Biand, Blount, ever, That the Secretary of the Treasury, in lieu Bowen, Bright, Brown, Buckner, Buffinton, Bur. of such bonds, may redeem said notes in the leigh, B. F. Butler, J. H. Caldwell, Cason, J. B. gold coin of the United States. And the Secre. Clark, F. Clarke, Clymer, Coburn, Comingo, Cook, tary of the Treasury shall reissue the United Corwin, Cox, Creamer, Crittenden, Crooke, CrossStates notes so received either in exchange for land, Danford, J. J. Davis, Dawes, Donnan, coin at par, or, with the consent of the holder, Durham, Eames, Eden, Frye, Giddings, Glover, in the redemption of bonds then redeemable at Gooch, Gunckel, E. Hale, Hamilton, Hancock, par, or in the purchase of bonds at not less than B. W. Harris, H. R. Harris, J. T. Harris, par, or to meet the current payments for public Hatcher, Hathorn, Havens, J. R. Hawley, Henservice; and when used to meet current pay- dee, Hereford, Herndon, E. R. Hoar, G. F. Hoar, ments an equal amount of the gold in the Treas- | Hooper, Hoskins, Hunton, Hyde, Jewett, Kelley, ury shall be applied in redemption of the bonds Kellogg, Kendall, Knapp, Lamar, Lamison, known as five-twenty bonds.

Lawrence, Lawson, Leach, Lowndes, Luttrell, SEC. 9. That nothing in this act shall be con Magee, Marshall, McLean, Milliken, Mills, W. strued to authorize any increase of the principal S. Moore, Morrison, Neal, Nesmith, W. E. Nibof the public debt of the United States.

lack, Niles, Nunn, O'Brien, O'Neill, Ortb, Page, June 12—The report, after debate, was con. H. W. Parker, I. C. Parker, Pendleton, E. Perry, curred in-yeas 32, nays 23, not voting 18: Phelps, Pierce, Pike, T. C. Platt, Poland, Potter,

YEAs-Messrs. Allison, Bogy, Carpenter, Clay. Randall, Read, E. H. Roberts, J. C. Robinson, H. ton, Conover, Dorsey, Ferry of Michigan, Gil. B. Sayler, M. Sayler, J. G. Schumaker, H. J. Scud. bert, Goldthwaite, Harvey, Hitchcock, Howe, der, Sener, Sessions, Shanks, Sloan, Small, Smart, Ingalls, Johnston, Logan, McCreery, Merrimon, H. B. Smith, Southard, Speer, Stanard, Standeford Mitchell, Morton, Norwood, Oglesby, J.J. Pat- Starkweather, Stone, Storm, Swann, Sypher, C. Y. terson, Pease, Pratt, Ramsey, Robertson, Scott, Thomas, Tremain, Tyner, Vance, Wallace, Walls, Sherman, Spencer, TIPTON, West, Wright-32. Wells, Wheeler, White, Whitehead, WHITEHOUSE,

Nays--Messrs. Alcorn, Anthony, Bayard, Whitthorne, C. W. Willard, Willie, Wolfe, Wood, Boutwell, Buckingham, Conkling, Edmunds, Woodford, J. D. Young, -146. Flanagan, Frelinghuysen, Eager, Hamilton of Nor VOTING-Messrs. Barry, Clayton, Crocker, Maryland, HAMILTON of Texas, Hamlin, Jones, De Witt, Duell, Eldredge, Elliott, Field, Freeman, Morrill of Maine, Morrill of Vermont, Sargent, R. S. Hale, Harmer, G. W. Hazelton, Hersey, Holman, Houghton, Hubbell, Killinger, Mac-, arer of the United States for redemption, as Dougall, McJunkin, Mitchell, Robbins, W. R. provided herein. And when such redemptions Roberts, Sheldon, Sloss, W. A. Smith, A. H. Ste- have been so reimbursed, the circulating notes phens, St. John, Taylor, W. Townsend, Waddell, so redeemed shall be forwarded to the respective Wilber, J. M. S. Williams, E. K. Wilson, J. M. associations by which they were issued; but if Wilson, P. M. B. Young-35.

any of such notes are worn, mutilated, defaced, Mr. Dawes moved that the House ask a further or rendered otherwise unfit for use, they shall be conference with the Senate on the disagreeing forwarded to the Comptroller of the Currency votes of the two Houses; which was agreed to- and destroyed and replaced, as now provided by yeas 197, nay8 48, and the SPEAKER appointed law: Provided, That each of said associations Messrs. DAWES, McCRARY, and MARSHALL as shall reimburse to the Treasury the charges for conferees on the part of the House; and in the transportation and the costs for assorting such Senate, the PRESIDENT pro tempore appointed notes; and the associations hereafter organized Messrs. WRIGHT, FERRY of Michigan, and STE- shall also severally reimburse to the Treasury VENSON as the conferees on the part of the Senate. the cost of engraving such plates as shall be

ordered by each association respectively; and

the amount assessed upon each association shall SECOND CONFERENCE REPORT.

be in proportion to the circulation redeemed, Being the bill as finally passed.

and be charged to the fund on deposit with the June 18-Mr. Wright submitted a report from Treasurer: And provided further, That so much the committee of conference, in which they unani- of section thirty-two of said national bank act mously recommend that the bill pass as follows: requiring or permitting the redemption of its

Sec. 1. Be it enacted, &c., That the act entitled circulating notes elsewhere than at its own "An act to provide a national currency secured counter, except as provided for in this section, by a pledge of United States bonds, and to pro is hereby repealed. vide for the circulation and redemption thereof," SEC. 4. That any association organized under approved June 3, 1864, shall be hereafter known this act or of any of the acts of which this is an as “the national bank act.”

amendment, desiring to withdraw its circulating Sec. 2. That section thirty-one of “the national notes in whole or in part, may, upon the deposit bank act” be so amended that the several associ- of lawful money with the Treasurer of the United ations therein provided for shall not hereafter be States, in sums of not less than nine thousand required to keep on hand any amount of money dollars, take up the bonds which said association whatever, by reason of the amount of their re- bas on deposit with the Treasurer for the security spective circulations; but the moneys required of such circulating notes, which bonds shall be by said saction to be kept at all times on hand assigned to the bank in the manner specified in sball be determined by the amount of deposits the nineteenth section of the national bank act; in all respects, as provided for in the said sec- and the outstanding notes of said association, to tion.

an amount equal to the legal tender notes deSec. 3. That every association organized, or posited, shall be redeemed at the Treasury of the to be organized, under the provisions of the said United States, and destroyed as now provided by act, and of the several acts amendatory thereof, law: Provided, That the amount of the bonds on sball at all times keep and have on deposit in deposit for circulation shall not be reduced below the Treasury of the United States, in lawful fifty thousand dollars. money of the United States, a sum equal to five SEC. 5. That the Comptroller of the Currency per cent. of its circulation, to he held and used shall, under such rules and regulations as the for the redemption of such circulation; which Secretary of the Treasury may prescribe, cause sum shall be counted as a part of its lawful re- the charter numbers of the association to be serve, as provided in section two of this act; printed upon all national bank notes which may and when the circulating notes of any such as- be hereafter issued by him. sociations, assorted or unassorted, shall be pre- Sec. 6. That the amount of United States notes sented for redemption in sums of one thousand outstanding and to be used as a part of the cirdollars, or any multiple thereof, to the Treas- culating medium shall not exceed the sum of urer of the United States, the same shall be re-three hundred and eighty-two million dollars, deemed in United States notes. All notes so which said sum shall appear in each monthly redeemed shall be charged by the Treasurer of statement of the public debt; and no part thereof the United States to the respective associations / shall be held or used as a reserve. issuing the same, and he shall notify them sever. SEC. 7. That so much of the act entitled "An ally on the first day of each month, or oftener, act to provide for the redemption of the three at his discretion, of the amount of such redemp- per cent. temporary loan certificates and for an tions; and whenever such redemptions for any increase of national bank notes," as provides association shall amount to the sum of five hun. that no circulation shall be withdrawn, under dred dollars, such association so notified shall the provisions of section six of said act, until after forth with deposit with the Treasurer of the the fifty-four millions granted in section one of United States a sum in United States notes said act shall have been taken up, is hereby reequal to the amount of its circulating notes 80 pealed; and it shall be the duty of the Compredeemed. And all notes of national banks, troller of the Currency, under the direction of worn, defaced, mutilated, or otherwise unfit for the Secretary of the Treasury, to proceed forthcirculation, shall, when received by any Assist with, and he is hereby authorized and required, ant Treasurer or at any designated depository from time to time, as applications shall be duly of the United States, be forwarded to the Treas. I made therefor, and until the full amount of fifty

five million dollars shall be withdrawn, to make amount of circulation withdrawn and redeemed requisition upon each of the national banks de- from banks transacting business shall not exceed scribed in said section, and in the manner therein fifty-five million dollars, and that such circulaprovided, organized in States having an excess tion shall be withdrawn and redeemed as it shall of circulation, to withdraw and return so much be necessary to supply the circulation previously of their circulation as by said act may be appor issued to the banks in those States having less tioned to be withdrawn from them, or in lieu than their apportiopment: And provided further, thereof to deposit in the Treasury of the United That not more than thirty million dollars shall States lawful money sufficient to redeem such be withdrawn and redeemed, as contemplated, circulation: and upon the return of the circula- during the fiscal year ending June 30, 1875. tion required or the deposit of lawful money, as June 19—After debate the report of the conherein provided, a proportionate amount of the ference committee was concurred in-yeas 43, bonds held to secure the circulation of such asso- nays 19, not voting 11: ciation as shall make such return or deposit shall YEAS— Messrs. Alcorn, Allison, Bogy, Borebe surrendered to it.

man, Carpenter, Chandler, Clayton, Conover, SEC. 8. That upon the failure of the national Cooper, Cragin, Davis, Dennis, Ferry of Michi. banks upon which requisition for circulation gan, Gilbert, Goldthwaite, Gordon, Harvey, shall be made, or any of them, to return the Hitchcock, Ingalls, Johnston, Kelly, McCreery, amount required, or to deposit in the Treasury Merrimon, Mitchell, Morton, Norwood, Oglesby, lawful money to redeem the circulation required, J. J. Patterson, Pease, Pratt, Ramsey, Ransom, within thirty days, the Comptroller of the Cur. Robertson, Scott, Sherman, Sprague, Stevenson, rency shall at once sell, as provided in section Thurman, TIPTON, Wadleigh, West, Windom, forty-nine of the national currency act, approved Wright_43. June 3, 1864, bonds held to secure the redemp- Nays--Messrs. Anthony, Bayard, Boutwell, tion of the circulation of the association or asso Buckingham, Edmunds, FENTON Flanagan, Freciations which shall so fail, to an amount suffi. linghuysen, Hager, Hamilton of Maryland, HAMcient to redeem the circulation required of such ilton of Texas, Hamlin, Jones, Morrill of Maine, association or associations, and with the proceeds, Morrill of Vermont, Sargent, Stewart, Stockton, which shall be deposited in the Treasury of the Washburn-19. United States, so much of the circulation of such | ABSENT—Messrs. Browplow, Cameron, Conkassociation or associations shall be redeemed as ling, Dorsey, Ferry of Connecticut, Howe, Lewis, will equal the amount required and not returned; Logan, Saulsbury, SCHURZ, Spencer--11. and if there be any excess of proceeds over the amount required for such redemption, it shall be

In House. returned to the association or associations whose bonds shall have been sold. And it shall be the | June 20-Mr. DAWES submitted the report of duty of the Treasurer, assistant treasurers, desig- the committee as above; which was agreed tonated depositaries, and national bank deposita- yeas 221, nays 40, not voting 28. ries of the United States, who shall be kept YEAS-Messrs. Adams, Albert, Albright, Arinformed by the Comptroller of the Currency of thur, Ashe, Atkins, Averill, BANNING, Barber, such associations as shall fail to return circula- Barrere, Barry, J. B. Beck, Begole, H. P. Bell, tion as required, to assort and return to the Berry, Biery, Bland, Blount, Bowen, Bradley, Treasury, for redemption, the notes of such assoBright, Brown, Buckner, Bundy, Burchard, Burciations as shall come into their hands, until the leigh, Burrows, B. F. Butler, Ř. R. Butler, J. H. amount required shall be redeemed, and in like Caldwell, Cannon, Cason, Cessna, A. Clark, J. B. manner to assort and return to the Treasury, for Clark, F. Clarke, Clements, Clymer, C. L. Cobb, redemption, the notes of such national banks as S. A. Cobb, Coburn, Comingo, Conger, Cook, Corhave failed or gone into voluntary liquidation win, Cotton, Creamer, Crittenden, Crossland,

the purpose of winding up their affairs, and Croupse, Crutchfield, Curtis, Danford, Darrall, of such as shall hereafter so fail or go into liquida- J. J. Davis, Dawes, Dobbins, Donnan, Duell, tion.

Dunnell, Durham, Eldredge, Field, Fort, C. FosSEC. 9. That from and after the passage of this ter, Frye, Garfield, Glover, Gooch, Gunckel, Gunact it shall be lawful for the Comptroller of the ter, Hagans, E. Hale, Hancock, B. W. Harris, Currency, and he is hereby required, to issue H. R. Harris, J. T. Harris, Harrison, Hatcher, circulating notes, without delay, as applications Hathorn, Havens, J. B. Hawley, Hays, G. W. therefor are made, not to exceed the sum of Hazelton, J. W. Hazelton, Hereford, Hodges, fifty-five million dollars, to associations organ-Holman, Hoskins, Houghton, Howe, Hubbell, ized or to be organized in those States and Ter- Hunter, Hunton, Hurlbut, Hyde, HYNES, Jewett, ritories having less than their proportion of Kasson, Kelley, Knapp, Lamar, Lamison, Lamcirculation, under an apportionment made on port, Lansing, Lawrence, Leach, B. Lewis, Lofthe basis of population and of wealth, as shown land, Loughridge, Lowe, Lowndes, J. R. Lynch, by the returns of the census of eighteen hundred Marshall, Martin, Maynard, McCrary, J. W. and seventy; and every association hereafter McDill, MacDougall, McJunkin, McKee, Merri. organized shall be subject to and be governed by am, Milliken, Mills, Monroe, W.S. Moore, Morey, the rules, restrictions, and limitations, and pos- Morrison, Neal, Negley, W. E. Niblack, Niles, sess the rights, privileges, and franchises, now or O'Neill, Orr, Orth, Packard, Packer, I. C. Parhereafter to be prescribed by law as to national ker, Parsons, Pelham, E. Perry, Phillips, Pike, banking associations, with the same power to J. H. Platt, T. C. Platt, Pratt, Rainey, Randall, amend, alter, and repeal provided by the na- Ransier, Rapier, Ray, Read, J. B. Rice, Richtional bank act;" Provided, That the whole mond, Robbins, E. H. Roberts, J. C. Robinson, J. W. Robinson, Ross, Rusk, Sawyer, H. B. Say-1 “So far amended that hereafter the total ler, M. Sayler, I. W. Scudder, Sener, Sessions, amount of United States notes in circulation, at Shanks, Sheats, Sheldon, I. R. Sherwood, Sloan, any one time, shall not exceed $356,000,000; Sloss, Small, A. H. Smith, G. L. Smith, H. B. and the Secretary of the Treasury is hereby Smith, J. A. Smith, J. Q. Smith, Snyder, South- directed to withdraw from circulation and to ard, Speer, Sprague, Stanard, Standeford, Stark-cancel whatever amount of such notes are now weather, St. John, Stone, Stowell, Strait, Straw-in circulation beyond that sum, as soon as the bridge, Sypher, C. R. Thomas, C. Y. Thomas, same can be done consistently with the exigenThornburgh, Todd, Tremain, Tyner, Vance, Wal- cies of the Treasury." dron, Wallace, J. D. Ward, M. L. Ward, Wells, Mr. Dawes' amendment was disagreed toWheeler, White, Whitehead, Whiteley, Whit- yeas 70, nays 171: thorne, Wilber, G. Willard, C. G. Williams, J. [ YEAS—Messrs. Albert, Archer, Barnum, Bass, M. S. Williams, Williams of Indiana, W. B. Wil. BROMBERG, Buffinton, Burleigh, Clayton, Clymer, liams, Willie, J. Wilson, J. M. Wilson, Wolfe, Cox, Crooke, Dawes, De Witt, Eames, Frye, GarWoodworth, J. D. Young, P. M. B. Young–221. field, Gooch, E. Hale, R. S. Hale, Hamilton,

Nays-Messrs. Archer, Barnum, Bass, BROM- Hancock, B. W. Harris, J. R. Hawley, Hendee; PERG, Buffinton, Cox, Crooke, Eames, Giddings, Herndon, E. R. Hoar, G. F. Hoar, Hooper, HosHamilton, J. R. Hawley, Hendee, Herndon, E. kins, Kellogg, Kendall, Lawson, Lowndes, LutR. Hoar, G. F. Hoar, Hooper, Kellogg, Kendall, trell, Magee, MacDougall, Mellish, Mitchell, Lawson, Luttrell, Magee, McLean, Nesmith, O'. Nesmith, O'Brien, Page, H. W. Parker, Parsons, Brien, Page, H. W. Parker, Pendleton, Phelps, Pendleton, E. Perry, Phelps, Pierce, Pike, J. H. Pierce, Potter, J. G. Schumaker, Scofield, H. J. Platt, Poland, Potter, Randall, Read, J. B. Rice, Scudder, Smart, Storm, Swann, W. Townsend, E. H. Roberts, Sawyer, J. G. Schumaker, H. J. WHITEHOUSE, C. W. Willard, Woodford_40. Scudder, Smart, Starkweather, Stone, Storm, W.

Nor VOTING—Messrs. Cain, Clayton, Crocker, Townsend, Tremain, Waldron, Wheeler, WHITEDe Witt, Eden, Elliott, Farwell, Freeman, R. S. HOUSE, C. W. Willard, G. Willard, WoodfordHale, Harmer, Hersey, Killinger, A. S. McDill, 70. McNulta, Mitchell, L. Myers, Nunn, Poland, NAYS—Messrs. Adams, Arthur, Ashe, Atkins, Purman, W. R. Roberts, L. D. Shoemaker, W. Averill, BANNING, Barber, Barry, J. B. Beck, A. Smith, A. H. Stephens, Taylor, Waddell, Walls, Begole, H. P. Bell, Bland, Blount, Bowen, BradE. K. Wilson, Wood-28.

ley, Bright, Buckner, Bundy, Burchard, B. F. June 22—A message from the PRESIDENT an- Butler, J. H. Caldwell, Cannon, Cason, Cessna, nounced that he had approved and signed the A. Clark, J. B. Clark, Clements, S. A. Cobb, above bill.

Coburn, Conger, Cook, Corwin, Cotton, Cross

land, Crounse, Crutchfield, Curtis, Danford, DarSeparate blouse Action - Volume of rall, J. J. Davis, Dobbins, Donnan, Duell, DunLegal-Tender Notes.

nell, Durham, Eden, Eldredge, Farwell, Field,

Fort, C. Foster, Freeman, Giddings, Glover, Gunc1874, January 22–Mr. DAWES, instructed by kel, Hagans, Harmer, H. R. Harris, J. T. Harris, the Committee on Ways and Means, reported the Harrison, Hatcher, Hathorn, Havens, J. B. Haw. following bill:

ley, Hays, G. W. Hazelton, Hereford, Hodges, Whereas the existing uncertainty as to whether Holman, Houghton, Howe, Hubbell, Hunter, the amount of legal-tender notes now authorized Hunton, Hurlbut, Hyde, Kasson, Kelley, Kilby law to be kept in general circulation is three linger, Knapp, Lamar, Lamport, Lansing, Lawhundred and fifty-six million dollars or four hun-rence, Leach, B. Lewis, Loughridge, Lowe, J. R. dred million dollars is calculated to derange the Lynch, Marshall, Martin, Maynard, McCrary, business of the country and unsettle values : A. S. McDill, J. W. McDill, McKee, McNulta, Therefore,

Merriam, Milliken, Monroe, L. Myers, Neal, Be it enacted, &c., That the provisions of law Negley, W. E. Niblack, O'Neil, Orr, Orth, Packexisting prior to the passage of the act approved ard, Packer, I. C. Parker, Pelham, Phillips, April twelfth, eighteen hundred and sixty-six, T. C. Platt, Pratt, Purman, Rainey, Ransier, entitled "An act to amend an act to provide ways Rapier, Rawls, Ray, Richmond, Robbins, W. R. and means to support the Government, approved Roberts, J. C. Robinson, J. W. Robinson, Ross, March third, eighteen hundred and sixty-five,” Rusk, H. B. Sayler, M. Sayler, I. W. Scudder, be, and the same are hereby, declared to be in Sener, Sessions, Shanks, Sheats, Sheldon, I. R. force so as to authorize tho amount of legal-ten- Sherwood, L. D. Shoemaker, Sloss, A. H. Smith, der notes of the United States to the amount of H. B. Smith, J. A. Smith, J. Q. Smith, Snyder, four hundred million dollars to be kept in gene- Southard, Speer, Sprague, Standeford, Strait, ral circulation; and the total amount of United Strawbridge, Taylor, Thornburgh, Todd, Tyner, States notes iseued, or to be issued, shall never | Vance, Wallace, Walls, J. D. Ward, M. L. Ward, exceed four hundred million dollars.

| Wells, Whitehead, Whitthorne, C. G. Williams, Mr. E. H. ROBERTS moved to strike out all Williams of Indiana, W. B. Williams, J. Wilson, after ' declared to be in force," and insert “to J. M. Wilson, Wolfe, Wood, Woodworth, J. D. the extent that the total amount of legal-tender Young, P. M. B. Young—171. notes of the United States issued, or to be issued, Mr. E. H. ROBERTS' amendment was disagreed shall be, and shall never exceed $382,000,000. to-yeas 74, nays 173:

Mr. Dawes moved to amend the amendment YEAS—Messrs. Albert, Bass, BROMBERG, Bufby striking out of the bill all after the words finton, Burchard, Burleigh, Clymer, Cotton, Cox, “be and the same are hereby," and inserting in Crooke, Darrell, Dawes, Eames, Frye, Garfield, lieu thereof the words:

| Gooch, E. Hale, R. S. Hale, Hamilton, Hancock,

« AnteriorContinuar »