per cent. per annum, payable semi-annually in coin. The bonds hereby authorized shall be of such denomination, not less than $50, as may be deemed expedient by the Secretary of the Treasury.

"SEC. 4. And be it further enacted, That the Secretary of the Treasury is hereby empowered to dispose of the bonds hereby authorized to be issued for lawful money of the United States at not less than their par value.

"SEC. 5. And be it further enacted, That each and every banking association organized and doing business under and by virtue of the act to which this is supplementary is hereby required to deposit with the Treasurer of the United States, within six months after the passage of this act, an amount of the bonds hereby authorized to be issued equal to the amount of bonds then on deposit by said associations, respectively, with the said Treasurer as security for the circulation and government deposits of such associations; and the said Treasurer is hereby authorized to receive from such associations the bonds hereby authorized to be issued in lieu of any other bonds held by him ; and in case any such association shall fail to comply with the requirements of this section within six months from the passage of this act the Comptroller of the Currency shall forthwith appoint a receiver to wind up the business of such association in the manner provided by the act to which this is supplementary.

"SEC. 6. And be it further enacted, That from and after the passage of this act no bonds, except those to be issued under this act, shall be received by the Treasurer of the United States as security for the circulation of any such association, now or hereafter to be organized, or for security for United States deposits.

"SEC. 7. And be it further enacted, That the Secretary of the Treasury be, and he hereby is, directed to buy in open market, at the lowest market price, any of the gold-bearing interest bonds of the United States issued under any former act of Congress, with the lawful money received in exchange for the bonds hereby authorized to be issued; and he is hereby prohibited from using or disposing of in any other manner the lawful money so received in exchange for such bonds; and he is kereby further directed to cancel and destroy, in accordance with the manner now provided by law, each and every bond so purchased as aforesaid under the provisions of this

act.

"SEC. 8. And be it further enacted, That all acts and parts of acts inconsistent with this act are hereby repealed;"

The question was put, Will the House agree thereto?'

The yeas and nays being desired by one-fifth of the members present, Those who voted in the affirmative are

So the said amendment was disagreed to.

Mr. Miller moved that the said bill be laid on the table,
And the question being put,

It was decided in the negative,

S Yeas

Nays..
Not voting..

The yeas and nays being desired by one-fifth of the members present, Those who voted in the affirmative are

So the House refused to lay the bill on the table.

Mr. John P. C. Shanks
Samuel Shellabarger
William B. Stokes
Frederick Stone

John H. Stover
John Taffe

John Trimble

Row'd E. Trowbridge

Robert T. Van Horn
Philadelph Van Trump
Henry D Washburn
Martin Welker
B. F. Whittemore
William Williams
John T. Wilson
William Windom
P. M. B. Young.

Mr. Lewis Selye
J. H. Sypher
Nelson Tift

Lawrence S. Trimble

Daniel M. Van Auken

Michael Vidal

Cadwal'r C. Washburn
Ellihu B. Washburne
Thomas Williams
Stephen F. Wilson.

The question then recurred on the motion of Mr. Pomeroy to recommit with instructions, as amended,

And being put, it was decided in the affirmative.

And thereupon,

Mr. Pomeroy, from the Committee on Banking and Currency, reported the said bill with an amendment, as instructed by the House. Pending the question on agreeing thereto,

Mr. Judd moved the previous question; which was seconded.
The question was then put, Shall the main question be now put?

And it was decided in the affirmative,

Yeas
Nays.
Not voting..

95

76

51

The yeas and nays being desired by one-fifth of the members present, Those who voted in the affirmative are

So the main question was ordered to be now put.

The question was then put on the amendment to the said bill,

And it was decided in the affirmative, Nays

Not voting..

The yeas and nays being desired by one-fifth of the members present, Those who voted in the affirmative are

So the said amendment was agreed to.

Ordered, That the said bill be read a third time.
It was accordingly read the third time.

The question then being on the passage of the bill,
Mr. Judd moved the previous question.

Pending which,

Mr. Wood moved that the bill be laid on the table,
And the question being put,

It was decided in the negative,

Yeas
Nays.
Not voting..

The yeas and nays being desired by one-fifth of the members present, Those who voted in the affirmative are