Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1863-03-13
FROM WASHINGTON.
MONDAY, March, 2.
BY K. ?. WALTON.



Congressional
The Senate had session of more than
twelve hours on Saturday, the copper-h heads
wasting most Of that time in opposing the
House amendments to the Militia bill. New
ortheless the amendments were agreed to, "a
to 6. The House pasie the amendments to
the tax act, aud both Houses agreed to the
report Of the last committee of conference on
the finance bill, so that has now been passed
by both Houses. The disagreement was on
the bank tax, and the matter was settled by
the adoption Of the following:
All banks associations corporations. or individuals
issuing notes bills fur circulation currency shall be
year from and after Apr L. 1853 upon the average a.
mount Of circulation Of notes bills issued currency
beyond the amount heretofore named thar isto say
banks, associations corporations individuals, has-
ing capital of not over one hundred thousand dol
lars ninety per eenum thereof over one hundred thou
sand dollars aud two hundred thousand dollars,
eighty per ccntum thereof, two bundled thousand
aud not over three hundred thousand dn lars, seventy
Der ccntum thereof. n,er three hundred thousand
dollars aud not over FIVE hundred hou-and dollars sixty
per otntun thereof over i've hundred thousand dollars
and not million dollars, hhy per oentum the
of over million aud not ovet one million and hall
dollars, iTy per cfnium thtFeoi over million aud
hall aud not millions % dulas, thirty per cen
sum heputi over Two millions OF uuuarss twenty tNe
per ceutum thereof
In the case u banks With branches the duty herein
provided Tor shall be imposed upon such bills Of
such branches -eVerAy, and mt upon the aggregate
circulation Of all the amount of the capital of each
branch shall be considered 20 be the allotted
used by such branch, aud all such banks assocaiion.
corporations, aud individuals, shall also be sube
pay duty nf halt " per each halt year
from and after Apfi ls 1883. upon the average
Of notes hiit othrfNise herein taxed and cut
standing currency during the six months pfeced
ing the return herein provided for and the
OF duty imposed the circulation OF associations organ
lied under the act 20 provide national currency, etc,
shall be the Is herein imposed the circulation
OF all banks asaocauons corporations, and individuals,
but shall be assessed aud collected required by said
All banks, associations, coiporaidus, and ndiyidu-
ns issuing ei.slius bills for circulation
currency after April is 1868, in representing any
fractional part Of dollar, shall be subject 20 and pay
duty NJ five per ccntum each half year thereafter upon
the amount of such fractional notes bills issued
Associations corporations, individuals, and all banks,
receiving depnsitts of money subject payment IN
checks drafts, except savings institutions shall be
subject dul Of one eighth of per centum each
half year from aud after April st eighteen hundred and
tythrec the Hr amount n such deposits be-
yond the average mo Of their cifcuatiu4 notes
bills lawfully issued outstanding 10 currency, and
list shall be- made nut and rendered vihin thr
~ days after hts day o October eighteen hundred
aud sixty three and each six months thereafter the
Commissioner OF Internal Revenue which shall contain
anu faithful account of the amount uf duties
ed which should accfuenn the u amount Of the frac
unal note circulation, aud the average AMOUNT of all
other circulation and deposte for the siS months
preceding.