NEW BANK BILL
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On the goth instant in Committee of the Whole for the
House of Representatives Mr. Sergeant introduced bill
for establishing Fiscal Corporation In its leading features


dferes from the Fiscal Bank Bill rejected by the Pres
dent.


1st-The capital is to be twenty millions of dollars
with power extend hirtyfve millions SI4O00OO0 TO
be owned by subscribers and by the United


2nd-The former bill provided for the establishment Of
Offices Of Discount and Depos the present bill provides for
the establishment of agencies only.


3rdThe dealings of the corporation be confined
buying and selling foreign bills Of exchange including bills
drawn State Territory and payable in another.
The corporation proeihed from dscountng promssory
notes. or making what is called local discounts


4hThe title ofthe corporation be changed that of
the Fiscal Corporation of the United States"


On the introduction this bill Mr. Wise raised the point of
order that in the substance the that which had
been rejected the day before and could therefore be taken
up othsrwse the constitutional provision might thus DO
ded The chairman Mr.. Dawson. Of Georgia, overruled
the objection, the ground that the the
same, though parts of them might be similar.


In the present state of this would be premature
to offer any remarks We have only express the hope
that such bank corporation may be established will
give sound and uniform currcncy-"a consummaion
most devouy to be he'd Banner


