The sun. [volume] (New York [N.Y.]) 1833-1916, 1862-01-18

Nr. lIurhurt, from the Committee on Ways ani
Means, reported concurrent resolutions In favor Of
C"ngreas leyying direct tax h. be apportiOned
among the sevcr sttteS according h. the provisions
Of the federal constitutions the net proceeds Of which,
derived from loyal states, shall 10 sufficient n
dofray the interest If tho entire indebtedness of
tie national government, and act apart, plesl yod
o. the payment Of such Interest," that the
SiO,oW,0OO, estimated to be derived from ths
mo me tax, he set apart, pledged h. the sinking
find, ior the reimbursement ~ the principle debt:
that tie aiuuunt derived from direct tax Of SlOO0n,
$50 provided 10y Congress, together with duties and
Imports he employed g. defrpy the current expon-
u the Governments that the direct tax ~ be ap-
poftiOncd among the aovtr mi states proposed fir
the purpose Of paying the interest the national
delt ho made permanent tax, b. insure prompt
payment OF such interest, and that II SHOULD be in
ere sci nom year IT, year 10y new appointment,
~ hcmadc under the direction Il the Srcretnry ~
the Treasury, whenever the increase ~ the national
deit is duly authorized by law ~ make such reap
ppnment e,essary, that the people NJ the state "
New York viii pay ~ direct taxation just pr"por-
ton Of The amount required h. satisfy the interest
~ the entire deh contracted ly the fr,lHrd Cow
eminent, aud b. lie apportiunel among the loyal
states according a. the constitution.
Rcsoirrd That the State OF New York cheeriully
cooperate with her Rator loyal states and the fe-
drr1 C,nyernmsnt IN willing submission 10 all bur
deus necessary tu he incurred and borne, by adopt
ing thc financial policy here indicatcd believing II
vii comm md the conf lence Of all persons having
money T. lrud,nnd that with such system Of I'm ,ncc
the Government will be able 10 obtain all fiscal
n"tus needed for vigorous prosecution 81 the war,
Legislature that the Federal Government could ne
yer Q suliecteJ, under any eNigeucy, H. any pro-
hahle rate NJ interest depreciation IN value of
stocks, ~ damaging To the crsAt. M disastrous 10
the pcnples obtaining funds by restricted ennis
sion, hondr"ls Of millions Of dollars Government
piper, yainly lustercd up by making II legal tom
der between doltnr and creditor, without proper
and adequate provision Tor the redemption Of the
same.
Amer nm interesting debate on printing the reso-
lntiur, during which The merits ~ tho system II
hnnn," were ndvu, atel and discussed, the report
wus mndc tie special order Tor wc,in..dny noon.
Mr.. Pierce gave notice of 70 hil 10 hold witnesses
harmless for tcstimry crminating themselves
given before Committees Of the Legislature.
Mills iSrRpprrKp.
NJ. Kouny-To regulate the sale Of hay tnl
straw iu New York and Brooklyn.
Mr. Pringlc-To create the office of Commission.
or Il lunutir, and In relation 90 wrong diversion
oi tie public money.
Nj s'etspn introduced a resolution instrurting
Tire committee on militia and public defence to
port bills a. 'aui1e tie militia, and provide fpt
the ctou of the work oi the coast deirnce-
also resolution mguriug whether II WIS tho dut ,
| of the Comnun Council ~ New York, 10 cxpel mem
loi~, who y their own confession have been guilty
| Of bribery and corruption Of any Legislative holy,
and lint, iu-ructiug the committee on citie, a.
| report IN nenlm 20 that effect 10 the city char.
| ter. lpi over.
Tho SCI ptc req buttons IN favor Of an exchange of
| mi ~,nptE wns called MP.
| Speaker Raymond tppk the floor, and in an rblc
, speech reviewed the necessity of the government
u doing ne ret 10 recognize the rebels rs be,iigr-
| r'uts.
lie moved 1n amendment modifying the re+,lu-
tuus declaring that 10 not drs re g. exchange
unless It be don" without Hanging the status Of tho
rccllnls states. The resolution WI, laid over. :