The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1864-04-28

/, GOJvGRESS7O.0:AL. !
i k4 " n G-->--s
xxxvutA ooMoR11S-Firss SSssIss
lHa2# --- aE
Washington. April 81.
- SENATE.
Crimes presented petition Of wives
daughters and sisters of soldiers Of III,
army. setting forth that the pay Of theil
husbands, athers and brothers wAs mad,
eqaate, and praying an increase Of shei.
compensation. 8 ess7s ~ = z go
Ramsey introduced bill making N.
cotAh Or Sioux hall. breed laud scrip =.
signable, which was referred to the Com
mittee on Public Lsnds.
The consideration Of the bill to provide
. nasi0aal currency, secured BY The pisdge
of United States bonds, came mp as the
special order.
The pending question Was on the FL
nance Committees . amendment imposing
q tax of per cent. on the circulation, 8
/ on the deposits, and on tho capital
beyond that which is 10 the United States
bonds; providing that States and muni-
icipalitissaad counties may take the shares
of bank held by individuals or corpora
tions the same as other private means.
Pomeroy moved to strike out the pro.
vision Of the Senate Committee's smend-
ment, that nothing in this act shall be
construed to prevent the market value of
shares in any Of the said associations held
BY any persons or body corporate, fron
being included in the valuation Of the
personal property of such person OF cor
poration in the assessment Of all taxes i'm
posed by it under State authority for
States or other purposes, but not for
greater rates than is assessed upon
other monied capital in the boads of in,
dividual citizens in such States. and ths
remedies provided By State laws for the
collection OF such taxes shall be applica.
bic thereto, aud insert in lien thereof.
provided that nothing in this act shall be
construed As exempting the capital sto1k
OF an association beyond the amount in
vested in bonds and deposits deposited
with the treasurer Of che United Ststes
as part of its capital, or as security for its
circulating notes, from being subject to
the same rate of State municipal taxation
as is imposed upon other personal prop.
erty is the State, city or town 10 which
the association is located.
Pomsroy explained that the effect Of
the amendment would be to allow States
to tax all capital except tha. put into U.
s. bonds as the capital of these banks.-E
He said this WAS 10 keeping with existing
law
Howe supported the amendment. +
Chandler also supported Poneroy's
amendment, arguing that the committees |
would Kill the bill. He had
for saying We were not selling
more than half enough of the ten-forties |
% meet the daily expense Of the govern
neut. What could be greater induce
nent for investment in them than to saw |
hey shall not. be taxed There were
many etsrnahy interfering constitutional |
objections to measures which were nec-
.ssary to sustain the government. He,
for one, was not afflicted with the prevail
ing disease of Constitution ou the brain.
johnson said hosever. he might wish
TO preserve the government of the United
States, he wished also to preserve those
of the States The latter had the power
of taxation, and in the formation Of she
there Was no concessions OF |
that power save rs indicated By the SEM
ator from Vermont. He. did not know |
what Mr.. Chandler meant by his being |
free from the disease ofcons,itulion on the |
brain. II he was entirely free from it, he |
had relieved himself from his obligations
here, but if he only meant that
be would give A liberal construction 10
the constitstion they probably agreed is |
opinion that the war was not as an end |
and its results were in the womb or time.
No ono could tall what was to be the sx.
tent of tie pablie debt. Heopposed the
Of Pomeroy, because he be-
lieyed il vas impolitic at the time. i
Sumner cited the decisions of Chief
Justice Manhal il the ease Of Mccall
lough In Maryland, declaring State tax
on the T. s. bonds void.
"At' ACSeouNou IcpltSo tu6b@tnS case
had no application to the present bill. Il
Further consideration sf the subj sct
was made the special order for to-mor.
On motion Of Mr. Wilkinson, the Pres
ident was requested to communicats ahy
information in his possession in reference
10 the territory Of Nevada.
On motion of Mr.. Howard, the Pacific
Railroad bill was made the special order
for next Monday. Il
The Senate thea went into executive
session and shortly after adjourned.
HOUSE. Sfss4r8
The tax-bill was further amended %
- pr0vids that on oil clari6ed or refned
sugars above number 2, prodaced direct
y from tho cane, there shall be- duty Of
three cents, and on reiinsds e. nIeeifsA
shove, npmbse Is, ,,ef four csnts ! pou&ds
Various 4fnsndments to the sismp duty
seoGisn ssess nsds, Including the follow
ing increasing the duty o. bllls ofgseletofI
vessels - follows: Where the oonsideeS
tion does not excesd &t0e,, 70 so tcessa !:
Over o6Oo ahd nnk : rcaadinc N .fflA. -