The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-24

70
erred.
AMENDMENT OF TIE ExANcIrAroN ACT
Mr.. LOVE- asked leave TO Introduce bill amsnda-
ory Of the District OF Columbia Emancipation act
The bill provides that the Commissioners IN assessing
he value OF the slaves be governed by their cash
value at the time Of the passage Of the act The Com
mssioners IN all where IL Is charged the oath
respectable person that the claimant is dsloyal
or has given utierance TO dtsunion sentiments snail
account Of coor; and II shall he shown that such
claimant has givea aid and comfort the enemy his
claim shall be disallowed.
Mr.. WcgIFE (unOn) OF KY, objected TO the introduc
Mr. IoysJoY-n is simply for reference.
Mr. WcKIfFEl DO mol care what II 10 for object 70
its Introduction.
THAMES TO CAPTAIN DAVIS AND MS oFFI ERs AND CREW
d S.Ss ais ws
rg tho thanks Of Congress Captain harles II. Davis,
his officers and for brilliant events on the Western
waters.
THE CASE or CHARLES HENRY rosrER
Mr. DAWES, (rep) Of Mass., called up the resolution
Foster not entitled 70 seat as representative from the
Second Congressional district Of North Carolina. Passed
Both Mr.. BROWNE. Of Rhode Island and Mr.. nAwEs, Of
Massa ets charact r2d the claim Of Mr. Foster -
fraud basesss the fabric Of q vision.
ADDITIONAL IsSuE TREASURY NOTES.
The House then into Committee of the Whole
on the bill authorizing an additional issue OF Treasury
EOets.
way enable the Executive TO put down this causelcss
sno wicked rebellion but the measure pending
unwse win lead to such disasters and rum that hs
ca, Id not sanction IL. He had examined into some OF
the financial transactions Of the Treasury Of which
were nde nsibe. The Of hundred and ffty mil
o Of legal tender notes. as proposed was unnecessary
They wond be money but merely cvidcnes Of DEBT
and rredeemable measure better calculated 10 i'm
poverh the and dscredit the COVE nment could
be devised especially when ths untold wealth Of the
country considered and the amount OF interior revenue
well as thu increase from the tos which will soon
lr. Hoo Ep, (repJ Of Mass, maintained that the bill
der consideration continuation OF similar
heretofore passed and was intended for its perfec
tim. Az business man ho (Mr. HOopor) had no appre
henson Il would be DISASTROUS carried into effect The
OBJ urged against it Of the character
those presented against the former bill and IN his opn
have three hundred millions OF dollars at its command to
absolute payment Of a the demands agans, the
government This would insure confidence and security
He repeated he had fears that the Of this bill
would deprscate the currency Of the country.
Mr. WATTS OF New Mexico, said that In the matter Of
,pfatna Inc the oIy question: was whether il
should b. done by the banks and shaving shops by
ths government. In contest OF this kind be was In
favor OF the latter and against the former carrying
their bleeding operations at the rate OF six csntu
the small notes Of the government are good the
small Of the States. aud II we, by their
save three millions annually, he called upon A advo.
Gates Of economy TO come 70 the rescue.
MI Mons W. rsm o TksS G that ne va:
aud remained still. He regarded the policy Of .
National Bank as having b. On adversely settled by the
wedge TO another such system. The banks had pur.
sued magranimous and liberal from the start
and but for them should have been crippled. Differ.
ing from the gentleman Of Massachusetts, eopsr) he
(Morrl did not believe the banks guilty Of initiating the
currency. The circulation could not be inflated without
Initiating prices and would lave the elect Of
driving coin out Of the country. The true policy ia
make the object Of Tho public purchase bonds.
rance Of bank notes which do not specie sus
to have the advantage Of deprecated cur
macy naa.r r
joy) opposed 10 petition in this matter and the
only should enjoy the privilege of not pay
Mr. srxvxys trsp) Of Pa, said seemed 70 him that
he had heard al this before. He could not discover
that any new ideas had been advanced. II was deal
rabls that our soldiers should have shiny which
will pass all the country which not the
with small notes. which are NOT known beyond the
mediate neghb rho ds III which they issued. Hence
the importai ce OF this bill.
MIR. spauding's amendment to the first section, 80 al
70 provde for The ssue Of $3.50 900 OF United States
notes not bearing interest, payable 20 the bearer and
OF such denominations as the Secretary of the Treasury
may deem sxped,en. PROVIDED shat no note shall ,:
than hty millions shall be of . lover dcnGmina
tion than 1--WE dollars was adsutsd by yeas 81. nays as
Ibis amendment is the only 10 the first section
The other sections nos acted on sndhs passed
over.
rAnAGn -HB -Ax ELL
Mr.. srryFys, (rsp.) of Pa, from tho Committee Of
Contssnos the Tax bill, presented tho report and
proceeded to explain IL, IN questions from va
rious members In refersnce the drecttax imposed
At The last extra session. which BE- in opera
tcn for three years. agreed that 10 be sus
pended FOR she secood and tha years unless revived
by Congress Fer ths rst year hal already gone into
operation In most C ths States and would have 70 b<
enforced In all the rest. The duty on whisksy va,
placed a. twenty csnts per gallon, with nothing
additional on rsctinsd. On tobacco, prepared, or
elusive OF SNUFF and ssgars, nftssn cents psr pound
when valued at more than thirty Per pound whole
sale; and all less than that ten per pound On
snuf twelve cents On cigars, worth not over ss psr
Iso0 81 80 per 0eo s. and nos over So q Der
l,eo0 SO and not $40 per 0oo 81 so; and
$50 per 0o0 - So The sax on cotton is half
cent per pound.
In rely TO Mr. Wall, (rep.) of ~ " Mr. Stevens sa,d
that but small portion OF the tax would be levied on
Iorsgn asdents fer the ditsct tax that reached
than that had been suspended after the nrst year
Mr.. CoLyAx, (rsp) OF Ind, asked whether the amend
meat . regard 10 whskey and tobacco would no, pro.
dpce larger than under The bill a ,nal,v
pas,eaa
Mr. srrrss answered that was the Judgment OF the
committee
Mr.. HOLMAN, (cpp) Of Ind, said IN reference 70 the
direct tax, thata com promise that subect had be-
necessary and therefore they hal agreed 10 sus
pend IT, operation fortwc years. aud. IL desired, Con
gress nigh, sfterwnd renew It.
sr. TnDSAs. (un!On) n Mass, inquired about lhs in.
ccns tax.
Mr. stEvxxs explained that the sena,e amendment I'M
posing seven and half per cent iicomss over fiy
iho sand dDiars had bsen struck out, bui that ~,
pos ng I've per cent incomes over t,s thouss a
dollars waS retained. 10 now stool Tn ..
per cent on oil incomes from six hun,Irsd
dollars TO teo thousand and nve per on all nccn ca
ten thousand Tho tax plate and carriages las
Dsen rstSr cd limiting that carriages TO lhs ~
,ver seventy nvs dollars IN value The tan on bu,l-rd
soes raised TO ten dollars the tan on a The o,sr
/ { tislcs IN thai section was struck out.
Ur. MAYNARD, Upon) Of Tenn, inquired whsn tho
Dill was 10 taxa eject.
Dir s's'Ess answered u was TO take s7sct on the
st Of August. The inc me tax was 10 ss jsv,sd
N the LIST Of May, 1868, for the ,srr from the
ct Of May, is,2, to the lsi Of May. ,ssa
% stock Of wines, q ors. manufactured article. on
nd on tho lst Of August, TO be taxed. The tax on
liz IL net changed. The tax " two cents on bank