The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-04-30

FERNANDO WOOD-I objected to the
introduction Of the resolution, not to the
| rema rks of the Member. If he is not CIVIL.
he will not be allowed to proceed.
The Speaker said that Mr.. Schench had
obtained unanimous consent to make
statement.
Mr.. SCHENCK resumed-lest there
should be misapprehension, and as he was
unable to introduce the resolution, he said
there was not from him the scrape OF pen
relating 10 a negotiation concerning re-
turn to the military service.
The House resumed the consideration OF
the amendments to the tax bill. and having
disposed of all of them by concurring in
the recommendation of the Committee Of
the Whole on the State of the Union, the
House proceeded to dispose Of the new Sec
ton offered by Fernando Wood, viz: 80
much of the 7th section of the act of March
7th. "a, to increase the revenue, rs levies a
tax of 10 cents on spirits imported prior to
that date, be and Is hereby repealed, and
the Secretary of the Treasury be directed to
refund and pay all moneys thus exacted.
Mr.. wASHBURNE offered the follow
ing as q substitute: That all spirits of a
the LIST OF May, 1894, and upon which no
tax shall have been paid, shall be subject
to duty of 50 cents per gallon, and all
such spirits on hand and for sale, on which
a prior duty shall have been paid, duty
of 80 cents per gallon; provided, that bona
tide retail dealers in spirits, duly licensed,
shall not be taxed on their stock on hand,
two barrels. The question was taken upon
Mr.. Woods proposition, and it was agreed
to, yeas -, nays 81.
MIR. FARNSWORTH offered a PROPOSE
ton that every person, banking institution
and association, which has issued notes,
bills or other obligations as money, unless
authorized by Act Of Congress, shall pay
of l p CT. each month, on the obligations so
issued. He said his object was to compel
the State Banks to withdraw their circula-
ton and to impose the tax not only on the
money issued during each month, but also
on the notes still out. The west does not
want the shinplasters and other issues of
New England and New York State Banks.
Six months was too long to allow for the
withdrawal of such notes, aud he should
like to see this done in one month.
Mr.. FARNSWORTH'S amendment to
the section in relation to banks aud bank
ing was again read As follows: That every
person and banking association and cOrpO-
ration issuing notes or other obligations
calculated or intended to circulate as
money shall pay one fourth of one per
cent. each month ON such amount, or which
having been issued remain in circulation.
This was agreed tO-yeas 50, nays 81.
On motion of Mr.. HOLMAN the section
was further amended so as to impose the
tax upon the average amount of capital
stock, emitting the words beyond the
amount invested in United States bonds.
On motion of Mr.. YEAMAN it was or
dered that the tax shall not be imposed on
any bank in process of liquidation.
Mr.. HOOPER offered an amendment
making the tax on incomes 10 per cent
after. This. after debate, was rejected.
The committee then rose.
All the amendments to the tax were act
ed upon and reported to the House.
SENATE.-The bill for the classification
OF the Clerks of Paymasters in the Navy,
and for the graduation Of their pay, was
passed.
Mr.. FESSENDEN from the Finance
Committee, reported the House joint reso-
luton, increasing temporarily the duties
on foreign imports so per cent. with an
amendment substituting 333 per cent. in
smpting goods in bond and transit.
A lengthy debate ensued on the House
bill increasing temporarily the duties on
imports. The amendment decreasing the
increase OF the temporary duty on imports,
from 50 to 331 per cent. on the present rates
was passed. The Senate amendment ex-
empting foreign goods already in bond and
transit from the temporary duty was adop-
ted on separate vote. The amendment
levying an increased temporary duty of
S3a per cent. instead Of 50 per cent. on the
present rates Of duty on foreign imports,
was rejected. The amendment excepting
goods in bond and in transit, was rejected.
The House bill was then passed without
amendment by a vote of 80 to 8, and the
Senate adjourned at $50 r. n.