The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-05-07
NEW YORK HERALD, SATURDAY,
3as cHAnrrn o. wAsmuoros CRY.

TEE cHAH1xR or wAmHcTos CIT.
On motion Of Mr.. DrxoH, (rep) OF Conn.,, the bni
alter and amend charter the city Of Washington
approved May H. s4S and further 70 preserve the pur
franchise by registration OF electors for the city
washington G., was taken up; He said that as th
time for the sees n,t n ~, ,s G h was
acted on at once He submitted amendmen
as . new section, providing that II the Boar
Of registration any one more OF them shall neg
or refuse perform the duties required OF them the S
preme court Of the district, on being Informed of tn
form all the duties and things required by aot an
said acts and things so done shall be valid the same as
done by said Board. .sal4ss.
The amendment was adopted,
Mr.. CowAS moved to insert the word "white" before
"malc citizens" in designating those who are to b
Mr.. SUMNER trep.) or Mass.-l hope not hope no.
Mr. President. r-q .ls.' n !
Mr.. cowAs thought this amendment very proper sspe
caHy wen we were making an experiment, which now
trembled In the balance, in behalf OF superior race
was great mistake to suppose the right vote
conventional right and existed only where agreed upon
II was on the basis OF white men that the expe
rimsnt OF q republican government was set up IN
the right TO vote, and II will hardly be claimed
that rude, semi civilized, barbarous. upeducated
state Of servtude tho case with the larger number
10 this city more capable OF exercising that function
tnan the Intelligent white women and then there
mn0rs--6ay from sixteen TO twenty OF age
who are certainly generally Intelligent and cape
exercising the elective franchise than these negroes
and It Is not 20 be doubted that these coored men would
vote or be ed 70 vote as such here given the power
Mr. SUMNER sara snayvhs coored voters in Boston did
not do 80. N
Mr. cowAN said they were too few in number there, in
comparison with the other electors to be or any weight
in elections aud therefore there was no motive for class
action but even IN Boston negroes vote unless
they read and write so that II these negroes were
trADSplanted to Boston wOu1d
ers In Pennsy lvania negroes had formerly voted but
the moment they became numerous enough by Of
the accession OF fugtves from the border slave States
to be felt and appreciated In tho community people
o. the state amos. unanimously decided to exclude them
from the privileges OF the elective franchise He though
bis amendments should certainly prevail.
Mr. Doourrf, rep, Of Wis.,, moved to postpone NIL
Mr. DIXON hoped that would not be done. He had al.
ready said that this bill was important In view OF the
coming election.
Mr. DooLrrTLE said he knew these Indian bills were
more important tM.
Mr. WILEY, (rep.rof W. Va. hoped the bill would be
The motion to postpone reiectedyeas H. nays 81
Mr. WILEY then addressed the Senate at some length
10 opposition TO the bill I'LL the close OF the morning hour
came up in order
letter from Secretary Chase dated the I'd inst, ad
dressed TO Mr. Fessenden chairman OF the
Committee and which had been referred 70 IN the
Oh oeoate yesterday The letter was read, follows:
TREASURY DEPARTMENT Nav g. 1864
SIR-Nothing but my deep OF the Importance OF
upon which the sole dependence OF the government to
suppress the fnsurrecton must rest would induce
you TINS letter upon subject which has already
The OH in relation to the national baking system now
under debate ID in the nature OF amendment TO the
act OF the last session. Though complete bill iu ITSELF
contains few provisions not substantially embraced in
that Act among which that In relation TO the measure
the most important Under ordinary circnmstance.
tnere m gnt be no considerable objection leaving
the property organized under the National Banking
law subject. a. are almost all descriptions OF
property, 70 general taxation State, national,
and municipal but In the present condition Of the coun
Try respectfully submit that this particular description
f property should be placed in the same category with
imported goods before their entry into general consu
tho present moment the duties on imports form the sole
reliance OF the for pay the ntsress
on the public debt If TO these means the taxes 10 be
PAID by the national banks shall be added, most i'm
Pcrtant addition win be made 70 these measures The
mere fact that these taxes made payable to the
Of Interest the public debs and for the re-
dnSton q It's principal will strengthen the public credit
and facilitate the negotiation Of the necessary loans At
havs doubt that such disposition OF these taxes
would be wrth more to the during the pres
Of tie He uo q, ' s
suggest that this description OF property should not be
taxed as heavily as any other dissertation On the
ary i think Just that should bear its full proportion
OF the public burdens am only that the taxa.
ton upon II shall be made TO contribute largely
deeply Impressed my mind. that II will contribute
when In one mass and made to tell
tho general public credit than when distributed bctw
the nation and the States and numerous municipal corpo
rations that prompts 70 address these views
Under any plan Of partition that he adopted the
amount OF taxation dsribuabe to the several States and
% win be comparatively small and unm.
portant and 1t quite possible that the total taxaton Of
banking property for ali purposes win be less than ID will
II taxed exclusively for national purposes The ndvan
taees OF partition 10 States and municipalities will there
fore, be small and the banks may not lose by IT, The
nation alone will be injured.
II will not understood Of course that the foregoing
suggestions intended TO apply to real estate held
by any banking institution that description Of
property must necessarily be held by titles under
exclusively 70 State taxation except in the event Of
direct tax by Congress. The 10 otherwise with the
personal property and credits Of the banking associations
These receive their organization from national law and
great national purposes and may therefore, be with
great propriety. andas have endeavored to show at
the present me-with great public advantage DO sub
ected 70 exclusive national taxation Rsspec,iuly,
yoJrs, p. CHASE.
on Finance, Senate Chamber.
The pending question the amendment Of Mr..
sumner to increase the tax banks established under
the act 70 be applied 10 the payment Of the interest and
Mr. snxan An said the amount Of taxes imposed by the
amendment OF the senator from Massachusetts was
greasr than that pvoposeA by the Finance Committee
but this purely national tax. he should
IL IN order to avoid embarrassment to the passage
the bill. .Naf l8 tNAt tNt
Mr.. Summers amendment was rejected-ysas IL, nays
ueCtCu oil tue Dill IN relation 10 rate
OF interest to be charged by the banks being under
lt.Es
Mr.. sHr,mAx moved IN amendment. which makes the
clause read follows
That every association may charge the rate allowed BY
the laws OF the State Territory where the bank To-
cated and more, except that by the laws
State different rate nod for banks Of organized
under State laws the ties so limited shall be allowed for
associations organized in such under this
The amendment was adopted.
Mr.. CnkSDIIR, (rep OF Mich offered amendment
the thirty first section striking out the cities therein
named in the West and nj the Fast available places
the redemption OF the circulating Of associations
aud Boston as the points Of redemption which, after
debate, was adopted.
The thirty second section was then amended 80
as to conform with the preceding one, by pro-
v ding that, instead OF redeemng their notes at
par 10 said cities. each bank shall select an
institution In either Of the cities named which iss CIR
cult shall be redeemed at rate OF discount ex
cceding one fourth OF per cent
Mr. HENDERSON moved 70 amend the twenty second sec.
tion by striking hs limit Of $500 900 for crcula
ton notes der the act snd inserting the words