Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-01-12
CONGHEss.
IN SeNATE
Tvrpl .vE Enee o. 1870.

and paY, Their claims upon the govern
ment.
Mr.. Ruggles, Of Maine, from the COM
mitlee on Commerce, reported bill for
the, better security Of the lives Of passen'
gers on board Of steamboais, The same
bill was before the Senate atthe last ses
sion uf Congress. -. sssaz.a 7gsss,
The following bills were seyeFallyi
An act furnishing fhs couutsHsalng %
foreign coin, gold and copper /, i /
40 aci fOr The relief Of HsHnan bs'sHi
ton. ret.s sar.3 IA, ea Lsge " ,a.n1
An aci for tue punishment Of certain
crimes against ths United States ana lor
othcr purposes. fs.fgs. lu..1gi'aI
An acl tot the telisfofsundry citizens
OF Arkansas. sE ae :. to39 s,tJIl
Alert 6naI passage Of some other
bills ordered to be engrcssed Yesterday
Mrs Benton presented bis bill for taxing |
bank paper ia, circulation in the District
of Columbias and gaze his reasons for
presenting bis bill Io, the Senate. The
banking Interests Of lhe country were
large, and in bis opinion there was no
good reason why such en- interest should
not be taxed. In Great Britain the bank
ing syslem paid The Government an inn
mense sum per aunum. Mr.. Benton
proposed to bring in bill to tax only one
branch Of The banking system, and that
was thepaper put IN circulation 90 money
Mr.. Benton quoted from British7pgcce'
dents TO prove the propriety Of taxing
banking paper, During the war In this
country, also, The Circulating medium
was taxed. Sugar AID iron, and shoes
and hats, and lmplem ,nls Of husbahdry
were taxed at the same lime, In 1917
the Banks were strong enough 10 throw
of the lax. Twas Time to put on The
tax, especially now-paEtiCulafly now
Ubeptho Banks put the Government and
every body else at defiance. don't
know, said Mr.. Benton how the Banks
viii receive mi proposition, and i they
will excuse me for the remark, dom
care, tsg B;sgg .,,d :,
Mr.. Benton explained his bill he
proposed 10 revive the old bll Of the
war and 10 make bis measure one OF rev
onue. lie was for driving q notes ou
of circulation under the denomInallol
offty dollars. If he could have ~
own way be would stop ell notes under r,
hundred dollars. But the country wa
not rho for this and would not be unit
there was a third suspension, which p p
predicted would como. My blll, sal!
Mr.. Benton, proposes two things; ! w%Isl %
10 tax Bank paper for purposes OF reVeh Zen
ue,and slowly 10 drive from circulation
small notes. | am willing 10 begin bl
laying ihe higher tax upon noies unoe
,he denomination oftwentY dollars ~
such notes | propose TO tax twelve POI
cent. beginning with one per cent e!n and
advancing 10 twelve per cent. The Sen,
ator thought there were FIVE classes o.
politicians who would support his bill:
lei. Those who believed that Con
grsss had power TO regulate the curreac.
generally. gasssi
"a. Allthoso who admit that It IS con
stitutiohaI to charter Bank, "a
81. All who hold that there should o.
duties OF could be duties laid upon io'
eien ,merchandizs, phls patty begal
with the Hamilton school. ~ ,l
Am. AN who believe, that there was
power lncident 10 revenue III the Cons'
Iutiont and finally,
5th. The most ancient Of the whol
and to which he belonged, parry VINO b'
IieVsd lhal Congress had The power
lay taxes Cor revenue. h
M. Benton spoke for an hour ana NOR NOR
Concluding Ms remarks with some sevel
comments upon the exercise oI The ban
ing power Of the cppniFy, !,
Aflor M. Beuion bud conc cluded, y
reading ol The Billwas called for An
il was read
M. Huntington suhnltted whether
bill that character was cognlzable
lhe Senate, ~ the Constitution, whi'
expreSsly pfovided that all bills for y
purpose or faising revenue should orig
ale IN The other House. Mr. u took
view Of ilIe main features ofths bill,
explained ~ ihe Senator from Nilsson
aHd conlsnlei bimselfFilh appealing
the Senate whether The bill did noi striC
u come within the prohibiloFy clause (
On the question OfrecePtion hs asked
yeas and nays. s asI.5s
NJ. BenIon replied that such bills,
those of . IKE character, bad heen lolel
ted hafoFa. and F.farrad 10 the COMP
mise aoi,,Wbicb be, maintained bad Pc
peElsclsa an that hoag, and > \ be nsk
saihaF ne Bin night hare ihs sar
course. 49, 3e.4
MI. Clays Or AIabama, thought h
The qnaailonUf fesspllpa lad better con
up after The bill was printed, aud iis Pr
visions Indsytc0d. ID she HrsG bIus
1hege appeared y him other imporla
s,bieetiorOt of cOnsllinsional characte