Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1864-12-16

SlOle OF any upon WHICH, tue UOtcEu
ment can lay its hands, which would bs
received in large quantities from pow
erful companies whose revenue wOulC
become immense. This is the time
when we should seize hold of these
the money We must have. Another
point in the resolution is simply to in
quire whether it is not best to prevent
the organization of any new banking
companies, allowing ut the same time
those banks now in existence to with
draw their circulation and to go into
operation under the general banking
law.
Mr.. Doolittle then explained the
fourth provision of his resolution in
reference to the substituting Of other
Understanding notes for those now in
circulation.
Mr.. Sherman--Before vote is taken
l would like to say a word or two. !
have no objection to the reference Of the
resolution, but will state that the Com.
mittee on Finance have already this
subject under consideration, as recon.
mended by the Secretary Of the Treas.
sury, in his annual report, and by the
President Of the United States, in his
annual message. All the points at issue
will be considered by the Committee,
with any resolutions on the subject.
Mr.. Sherman explained further, that
while it was we'll enough for Senators to
express anxiety on the subject, all bills
to raise the revenue must originate in
the House OF Representatives. The
Senate should remember that ut the last
session it passed resolutions for special
income tax and the House sent it back
fhok oil
should originate in the House. He
ate a controversy with the House, which
he desired to avoid. The Senate must
await their action.
Mr. Brown-I have no objection to the
reference of this resolution to the Com.
mittee on Finance, if it was introduced
simply for setting forth the views of the
Senator from Wisconsin, (Mr. Doolittle)
indicating the direction in which he
thought inquiry should be made, but il
it Is going to that Committee by general
consent, and is to be taken as an indica.
ton that the Senate cOncurs in the sug-
gestions made shall, for one, say that
differ very widely IN regard to the policy
he has indicated, and the effects to fol-
low from that which he seems to antici-
pate. think the gentlemen are per.
haps mistaken in regard to the extent to
which taxation can be carried, and that
we are perhaps nearer to the point al
which it can be properly borne than
many persons imagine.
Mr.. Brown continued his remarks,
advocating reduction of expenditures
in the conduct of the Government.
Mr.. Doolittle-I agree with the Sena-
tor from Missouri entirely in what he
says about the necessity of reducing ex-
pen>es in every possible way. l will GO
with him i'll any effort to reduce them
and to COMPEL the Administration in
every Department of the Government
to exercise the strictest economy posi-
BILE AT the same time our necessary
expenses are so great, that we are com
will bring us revenue. do not expect,
of course, that these resolutions shall &c
forth as expressing the views OF the Sen
ate upon the points 1 have prescribed,
still the points are of sufficient interest
and importance to be we'll considered by
that Committee.
The resolution was then referred,
without objection.
Mr.. Chandler then moved that the
resolutions offered by him to-day be
printed. Carried.
House--Mr. Wilson, of Iowa, from
the Committee on Judiciary, reported a
bill amendatory of an act of July 18th,
1868, to define the pay and emoluments
of officers of the army, &c, SO as to read
that any alien of two years and up
wards, who shall have enlisted in the
volunteer or regular army or marine
corps, and been honorably discharged,
may become citizen without any pre-.
vious declaration, and shall be produced
to prove more than one years residence.
The bill was passed.
The bills for Ship Canal around the
Falls of Niagara and Ship Canal from
the Mississippi to Lake Michigan were
further postponed until the 23d of Janu-
airy next.
On motion Of Mr.. Brooks, of New
York, it was resolved that the Commit
tee Of Foreign Affairs be instructed to
inquire into the expediency of providing
by treaty or otherwise for the protection
of our Canadas and provincial frontier
from murder and burglary, on the pre-
tense of rebel invasion.
. .
HD A miller had two sons who were
notorious for lying.
"John," said he one day, shave you
tolled the grist?''
Yes"
!" Sam, did you toll that grist when ]
told aYys su1;'
"You will both lie SO like the evil
one, that can't believe you will toll
it myself, and be sure of it," Fl, -s~t-