Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1842-02-15
BANK NOTE TAX.

BANK NOTE TAX.
In the Senate, Jan. II, the bin authorizing the
issue Of five millions of dollars in Treasury be
ing under consideration. Mr. GgNroN offered the fol-
lowing additional sections to the bill -
That from ana after the last day of December
one thousand eight hundred and forty-two, there
shall be land and collected throughout the United
States lis Territories, and the District OF Columbia
a on bank notes, and all other paper put err
cuation rs money, by corporations, individuals, or
companies, follows
On each note, or piece Of paper so put INTO circu
lation promising or ordering the payment Of money
or other thing, creating liability the part OF
the iSsucr for such payment. the sum Of ten cents
for til, year eighteen hundred and forty-two to b.
increased ten cents per annum until the whole tax
amounts to cents on each H2te or piece o.
paper 80 put into circulation
Tie amendment contained other sections, provo
ing for carrying this measure into effect.
Mr.. Benton, says the CORES pendent OF the y. y.
Evening Post, supported hs amendments ID speech
of some length. lie :or gong back to the good
Old practice Of prov ding for the payment of a debt
whenever 1t was created, ard this he considered an
appropriate manner OF doing. lis object vas Two
t,ld first, 10 make the money corporations pay
Little tax, IN these taxing times, when nothing
capes taxation but banks the second object was To
effect the suppression, gradually, OF small notes and
sh.nplastcrs uniform tax of gwen amount
would, in short period, accomplish TINS.
Mr. Clay called for the yeas and nays, which
were ordered.
Mr.. Calhoun objected to the amendments, because
1t was using the taxing power Tor another object be-
sides that OF raising revenue.
Mr.. Walker sand he would vote for 4 tax on bank
notes as a tax for revenue, tax repeatedly npOs-
ed tor purpose heretofore, and whch. for that
purpose, had received The support OF Mr.. Calhoun,
and OF the Whole democratic party. tie explained
considerable length hs views on this subject, aud
concluded with the consent Of Mr.. Benton, 10y OIL
lerng an amendment TO his amendment, 10 tar all
sOid and Siirer tonre tor revenue purposes.
Mr. Benton read from the laws of the United
States for the year sI3, To show that bank notes
were taxed more heavily than he proposed that the
tax was as high so, on notes between 900 and
$1,000.
Mr. Bayard approved Of the general principles Of
the amendment, aud would support them whenever
they were brought forward as separate measure
or IN conneX on WIKI revenue bill but tins he con-
sdered not the proper time 10 propose the amend
ment.
At the request Of Mr.. King, Mr. Benton with
drew his amendment, to let the Treasury note bill
pass and pledged himself to offer the amendment
whenever the hrst revenue bill came up.
\ FIGHr ~ FIGmr Another quarrel has
taken place between two or three Of the Big Wings.
the heads OF winch thus briefly stated by the
Washington espondeut Of the ONO Statesman
Bots of the House. aud Upzhur OF the Navy
Department, arc at oggerueads on question Vi
yeracity. Bolts asserts that Upshur has heretofore
declared for the dissolution of the Ijmon.' " Use
denies 1t, and appeals to Upshur. Upshur writes
long letter, not OF strict DENIAL. but OF NP!anaton,
intmating that Bolts Is uWDrihy has SJcittg, aud
that he don't know him. Bolts retorts through Tie
Iutclll gencer-that he can MAINTAIN the chrrge,-
and that when he comes laiO collision wIta the
Judge he shall then know han II he doe, not now.
-tff q lis To rf8g
the Judge, " Or bust a trace IA the experiment.
'.OLD PoINs." who, company with Alfred
Kelley and another has been employed more than
SIX months. at - a day. in trying To discover abu-
ses in the New York Custom House, thus conclude,
letter in relation to his late quarrel with has coz
league -
.'From this day forward. shall notice nothing
coming from Mr.. Alfred Kelley, of ONO, latc com
missioner for enqurng INTO the affairs OF the New
ork Custom HJuse. and a finale - our acquaiu-
lance, heartily transfer aud make over All my
right, title aud interest 10 tins famous knight % tAt
spur, 70 my friend Hm. Mel OF Columbus, prosld
ed lac still chcws tobacco, and Is unwilling - 'sp'
OH the foOr. GEO. POlNDEA TER.
CoNucrIoN OF CoLr.-rnc tra Of Johu c. Co.
for the murder Of samuel Adams. the printer "a
New York, has resulted ia a yerd c; by the jury o
Guilty" of murder in tue first degree. The conn
SCI for the prisoner John \ Aorrel Esq.. gave 40
tee to the Court that he wished 10 Tile bill Of "a
ceptons, but in consequence Of the iatcness Of u,
hour on Saturday, and the absence Of his associate
he could not do 30 before Monday morning. jude
Kent then adjourned the Court to ten U'ciock OF
Monday. The prisoner heard the verdict with some
little emotion which appeared to have been entirell
quoted when his counsel put in bis pea Tor bi d