Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1864-04-07

urge ths matter upo1 the attention of the House and de-
mand early confederation Of ts merits And yet alter
having increased the salaries and grades OF ocors over
and again. t oft to tho moment when tho rights OF
private soldiers brought to the attention of Congress
gentlemen TO rise and argue 10 favor Of delay until wo
determine upon imposition Of taxes sufficient TO main
tain the public credit We have heard enough Of this IL
gentlemen not favor Of increasing the pay of the
private soldier, lot them say so BY direct vote.
After some further remarks by Mr.. HOLMAN and
Mr. SCHsNCK-
Mr. SCHENCK moved to refer the resolution to tine
Committee Military Affairs which motion was decided
in the Negative by the following vote
.s.o;s Clarke o Cole Henry Winter Ps, aosS
sss aS s Gr9ns Highly . S,e1 A;ss Hub
KscsE Orlando Kellogg Loan, LongysaT, McBrs Meours
hiss s Ssnas p:s ssn
% Ssg VIZ
EAYsSMssaEs e Alien Anoons. Aususu. O baldwin.
jaime; Cox
Tlef Holman, Philip Law L.ss.r Long. Nal
@sso Psndtoa Psya s.ss
aasds w ~s.
Winfield and Yesmsn-48
THE NATIONAL BANKS
The House resolved itsen into a Committee of the
Whole the state Of the Union, (Mr ROLLINS of New
Hampshire, in the chair and resumed the consideration
Of the national bank BILL
The committee agreed to an amendment-yeas So nays
54provdipg that nothing in this act shall be construed
to prohibit the taxing Of banking capital for Htae and
municipal purposes provided that the taxes shA not be
higher than the rate imposed by the States the same
amount Of moneyed capital in the hands of individuals
Mr. BROOKS offered several amendments, which were
voted down. among them that the banks shall act q
savings banks a8
Mr. HOLMAN offered substitute for the BILL repeal
ing the national bank in existence and giving the
institutions three years in which to close their affairs
This was disagreed to--yeas "A, nays SO.
The committee and reported the bill to the House
as amended.
Mr. STEVENS offered substitute, nearly the same a
the b but fixing per cent the rate of the in
terest, and emitting The State right to tax the capital
stock
Mr. STEELE, of New York. opposed the system sought
to be established He alluded to the old National Bank
with ts capital of thirty Millions and which required the
indomtabe will of jackson t. put it down but what
power could subdue such mammoth system a. that I'M
der consideration, with three hundred millions of capital
and it's countless tributaries scattered all the land?
Every body knew the danger to be apprehendod from the
concentration of vast moneyed powers in the hands of
single individual If an ambitious and wicked should
choose, be could direct eectoneerng operations al
the country by of the wires placed under bis con-
troll He contended that this bank system 10 not only
total failure, but dangerous to public liberty and leading
to consolidation of power in the hands of the Executive
He could necessity for the passage Of this BILL
less designed to make another stride in the drec
ton of consolidation and Capitalization of the powers Of
the Government
Mr. STEVENS aoceded to the suggestion of Mr. BROOKS
that the amendments made to the bill shall be printed be-
fore further action upon it.