The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-04-27


required banks organzsd under The redeem their
own notes q their own counters but this bill names cor
DO redeemed W addition. The second change was in
regard 70 TAXATION there having been doubts a. 70
and State tAx IN this bill that matter u clearly
do1neA The third and flourish changes regard 70
may ess IL under me NV and Tsudss.s sscShoiders
Individually lAbie 70 extent equal N the amount Of
Ss ,ss S change = e .,ns sS
Uniform rate q seven pr cent established In the
HS1 s blu and a.n Sss: nnsa the same - IN y:
i've per cent as well six per bonds OF the United
states % basis q circulation, 70 DO kept always a.
change allows the issue Of notes Of isss denomination
than i've dollars 70 she extent Of enc dh Of their entire
ISSUE such notes 70 be redeemed when specie payments
Tho Senate proceeded 70 consider the bill reported BY
On motion Mr.. SnvsxAH the clause Of The bill pro-
vdng for the admission u the Bauk OF Commerce Of New
York stricken out, aud amended to read
capt that the shareholders Of any banking association
having not loss than five millions OF dollars OF capital
stock actually PAID ~, and surplus Of twenty per
eept On hand shall b sha only e ila amount Invested
in their shares long the sid surplus ANAL re-
main undiminished" Mr.. She man explained that this
Commerce Of New York city. important that this
wealthy corporation should be allowed TO 10 under
10 he government, Under the provsious Of the bil as
IL came from the House would be excluded; and
proposed to strike out tho House clause and substitute
Mr. HENDERSON, (ren) OF NO., opposed the whole bank
Ing system opcsedsby the bin He considered IL nothing
when would see the error OF the present egsa
tion. He opposed tho comforting Of more power
had already received rcmuneraten for all the favors
II hid done the government.
The Senate Committees amendment striking out the
clause In the House bill allowing State tax the capital
stocks OF banks organized under this ac providing
that in lieu Of all other taxes every association shall pay
the Treasurer Of the United States in the months OF anu
airy and July, duty OF ono half OF ono centum each
half year from and after the LIST day or January 1854,
ehA onntCo In uuA
duty OF quarter OF per centum each half year,
As Aforesaid the averageamoun Of It's capital stock
debated length by Messrs. CHANDLER HRyDsR-
sos in opposition, and Messrs sHEnxAN and FEssxspEs in
without action the Senate At avs O'Clock adjourned.
House OF Representatives. ss
WASHINGTON, April 20, 1864.
PROTECTION NORTHEASTERN BOUNDARY MAINE.
The STEAMER announced the following gentlemen
select committee the resolutions Of ths Legislature
Maine asking for protection for tho poheastern boundary
Of that stats-Mr Roe, Of Massachusetts, Mr.. Alley
Massachusetts Mr. Cox Of Ohio Mr.. Hale Pennsyl
vana Mr. Patterson. Of New Hampshire Mr. Radord, Of
New York, and Mr. briggs, Of Michigan.
Tns INTERVAL RnvRHuE BIIk
Tho into committee the Internal Revs.
Mr. HorxAr, topp) ~ Ind offered an amendments,
which vas rejected TAX 9, one per cent m
shall be derived from interest upon notes. bonds
mr.. HOLMAN offered another amendment, that incomes
derived from the interest Of notes bonds or other sccu
rites tho United States shall Do included 10 the est
mate Of incomes under this section, which places the
duy at five per centum all over six hundred dollars
Mr. MRRnL, trep.) Of VI, inquired whether The gen.
Mr. Holn.s replied that be did not; but the House
did adors the principle they would withdraw from
taxation millions and millions Of the capital Ct The
After further debate Mr. Aolman's sussAnsns was
NJ PRANK, ,vsp.) Of NJ T., offered On smssdmeot pro-
vidns that on incomes exceeding 500 and ucs more
than $40 ooo sax O. I've per csuu% shall -. y imposed
and half centum shall DO imposed and on In
q s2s 900 tax Of ten per csntum shall DO
In support Of this amendment Mr. FRANK saA that the
Committee Ways and Means have themselves gradual
ed taxation In this bill, which, IN effect, was an argu
mens in support Of his proposition.
Mr.. srEvExs. rep.) Of Pa, said that this amend
they were rich did ncs know but that there ought
TO bean indictment against every one who has an income
over zen thousand dollars and that the sax ought 70
man pays according 10 his riches but beyond this Is
punishment for . mans thrift.
;os5 and he dd not 50 what Ike gentleman SSr Ste
mr. sTsvrs replied ias. The committee put the TAX on
III alike who bad incomes over 600 per annum. They
cause Of the difference in their respective riches
After further debate and various unsuccessful attempts
70 amend Mr.. Franks amendment, vas adopted, By
M. ssxvxss moved a. an amendment 10 tax the sala
ries Of members Of Congress ten per csnsum which
nsnss Yer. ssred ana rsscssd Anoas them was oos
excluding hs dividends Of savings institutiops from
me House a halfpast four o'clock took recess tIn
seven p. y.
EVENING SESSION.
An nrxESss AMOUNT LAND GIVEN AWAY.
Mr.. JULIAN, (rsp.) Of nd, reported from the Commit.
Zee Public Lands the sssats bil which passed, with
reference 70 the donation Of land claims 10 Oregon and
Washington Territory. NNJ HsM e
Mr. rnices (rep) Of Mich, from the same committee,
reported bill granting lands 70 that state for The con-
structcn q wagon road for military and postal pur
poses. Aftsr explanations tho bnl passed.
Mr.. Dnocs also reported BIZ granted lands 70 WILSON,
Elm for the ccpstruction Of military road - Lake su-
reported bin granting stsrnsis sections q lands Tor
irsm s. Paul 70 81 Anthony. Passed.
Mr.. AIlsoH also reported bill authorizing Iowa 10
cdh and change shs location Of railrosds under Me
re House pasSed the following Senate bills
A bNl granting lands 70 the Lake Superior and MIssm
cousin for railroad purpoees
NJ. Knasln, {opp).of y. r, sa.a he would IKE %
me srrASrn replied hat he vas unable 70 cay.
Mr. KMrls was apgvehsnsive thas there would mot BE-
LAxDs Toa solpms AND aAnaHs
M Juias. FROM she ccmnIttss on Pubic Lands, re-.
% forfeited ma conSscated spdspsndise WHOM shs
House adjourned, al quarter past nine o'clock.
Bieokads Runners ~ Haitian.
= PEI HAIDAx, N. g., April 70, 1894.
The blockade runner A. d. Vance, from Nassau, ar.
Sivsa This svssips.
me Cray q Petersburg and Florida are s. here, ~.
pairing. "&
Banh burglary ae Oswego.