_Be it enacted, &c._, That so much of the Banking Act as limits the issue of bills to $300,000,000 is hereby repealed, and existing banks may be enlarged and new banks may be organized at the discretion of the Secretary of the Treasury; but no more bills than are now authorized by the Banking Act shall hereafter be issued, unless the Secretary of the Treasury, at the time of their issue, can and does cancel and destroy a like amount of legal-tenders; and the increase of bank-bills hereby authorized shall not exceed $50,000,000 a year, which amount shall be so distributed by the Secretary of the Treasury as to equalize, as near as possible, the banking interest of the different States. MR. SUMNER. Now, Mr. President, I wish at this moment merely to indicate the reasons in favor of that proposition. 1. It will create a demand for national bonds, and to this extent fortify the national credit. 2. It will tend to satisfy those parts of the country, especially at the South and West, where currency and banks are wanting, and thus arrest a difficult question. 3. It will not expand or contract the currency; so that the opposite parties on these questions may support it. 4. Under it the banks will gradually strengthen themselves and prepare to resume specie payments. 5. It will give the South and West the opportunity to organize banks, and will interest those parts of the country to this extent in the national securities and the national banking system, by which both will be strengthened. 6. It will within a reasonable time relieve the country of the whole greenback system, and thus dispose of an important question. 7. It will hasten the return to specie payments. Now I believe every one of these reasons is valid, and I commend them to my excellent friend from Ohio. The bill was then laid on the table, and ordered to be printed. COLORED PHYSICIANS. RESOLUTION AND REMARKS IN THE SENATE, ON THE EXCLUSION OF COLORED PHYSICIANS FROM THE MEDICAL SOCIETY OF THE DISTRICT OF COLUMBIA, DECEMBER 9, 1869. I offer the following resolution, and ask for its immediate consideration:-- _Resolved_, That the Committee on the District of Columbia be directed to consider the expediency of repealing the charter of the Medical Society of the District of Columbia, and of such other legislation as may be necessary in order to secure for medical practitioners in the District of Columbia equal rights and opportunities without distinction of color.