New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-01-18
ASSEMBLY,

ASSEMBLY.
DfpyCr TAXATION TO SUPPORT THI PUBLIC CREDIT.
Mr. UIRIBUD from the Committee on Ways
and Means reported concurrent resolutions IN favor
of Congress levying direct tax, 10 DO apportloneo
among the several States according 10 the proNieons
of the Federal Constitution, the net proceeds OF
which derived from loyal States shall he sufficient 10
delray the interest Of the entire indebtedness:
Of the National Government. and set apart pledged
TO the payment of such interest; that the $1,000 600
estimated TO be derived from the income tax be set
apart pledged TO the sinking fund for the reimburse
mept OF the principal public debt that the amount
derived from direct tax Of $50 600 900 provided by
Congress- together with duties and imposts, be en-
ployed to defyay the current expenses oil the Govern
mont; that the direct tax 10 be spportioned among
the several States as proposed for The purpose OF
paving tho interest on tho national debt re made
permanent tax to insure prompt payment OF such IN
terest and that it should be increased from year TO
wear by new apportonment TO be made under the
direction Of the Secretary Of the Treasury Whenever
the increase of the national debt is duly authorized
by law to make such reapportonment necessary tna
the people of the State Of Newfork will pay by
direct taxation Just proportion OF the amount re
auired to satisfy the interest Of the entire debt con-
tracted by the FNderal Government, and to be sp-
por,ioned among the loyal States according TO The
Constitution.
R,or,J Ths,ths State ofNe~York ohserialy cooperate
with her sister loyal States and tho Federal Government IN
willing submission all burdens Necessary TO DO incurred and
ns /, win command the confidence of all hsvni
TO lend and that with such system OF hnsnce The
mt will bs able to obtain oil fiscal means needed fo
vigorous prosecution OF the aud under s operation
il the Judgment oths Lee sure that the Federal Govern
msnt could never be subjected under sisenoy to an,
probable interest depreciation IN value OF stocks
tho credit disastrous to the people obtain
ing funds by unrestricted emission Of hundcdso Of millions
dollars Government paper vainly ooateed up ny nAhi
Il legal tender between debtor and creditor without pIois
and adequate provision for tho redemption oue sans
After an interesting debate on printing the resoin
ton during which the merits Of the system ol finance
wero advocated and discussed, the report was mau'
the special order for Wednesday noon.
The annual report OF the Commisssry- General wa
presented. =, :,
= Mr.. PIERCE gave notice Of q bill TO hold wil
nesses harmless for testimony terminating lhen'
selves given before Committees OF the Legislature
BILLS INTRODUCED.
| BY Mr.. KINNEY-To regulate the sale Oh nay "n'
straw in New-York and Brooklyn. -,co,,u,is
ByMr. PRlNGLEToc create the ONCE Oh sum, ,.a
sioner OF Lunatics, and in relation TO "rohs'' WI
sion OF the public money.
THE PUBLIC DEffN's: "
Mr.. STETSON introduced tho ioio"lns' ""'''
was adopted: ,,u,,,. and Public De
Realized That the Committee or ni. a ~ "a may IN
f,n.s h, ram, .ted TO report this House !" so
proper bills for the immedisc nd s.o what ,nnis
mones arc reaued that purpose snu 70, l pm an
aasss D., he the City OF Newh"A nom ~,
..a and for deienses along the western ana hoi'hoi"
| OF The State and upon cur sAes' n,v
Wv AffER ALDERMAN BRADY.
AR SrETSON offered the following:
p..rr.I Ths, the Committee on Cities he o'fee''a' U" W
..,s, p.,rey me tLaIttf Vi we Wy u Ns" As'"