The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-06-04
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THlRTY-ElGnTH CONGRESS-.
WASHINGTON, June L-SBUATE.-The
comittee OF conference on the Bank Bill
reported an agreement that all banks are
REQUIRED to redeem in n. ", Mt par. Re-
port agreed to. The tax bill! was then Ia
SKNArE.-Mr. SHERMAN, from the
committee on conference on the Bank bill,
made report. The material change Is in
requiring all Banks to redeem tneir notes
1T par IN New York, instead OF allowing
Western Banks discount of One-fourth Of
one per cent or. notes redeemed in New
York. The report of the committee was
Mr.. SUMNER, from the Committee on
Foreign Affairs, reported back the bill per-
hitting the expectation OF goods from the
States. and asking to be discharged from
its further consideration. Agreed to.
Mr.. ANTHONY, from the Committee on
Printing. reported the House bill to amend
the act relative to public printing. Passed.
Mr.. HOWARD, from the Judiciary Com
mittee, reported back the bill extending
the jurisdiction of District Courts with the
Mr.. HARLAN, from the Committee on
Public Lands. reported a bill to exclude
disloyal persons from the lands of the
United States, and that it be referred to
the Judiciary Committee. Agreed to.
Mr.. WILSON, from the Military COM
mittee, reported back the joint resolution
rendering the thanks of Congress aud
Bailey, acting Engineer of the 10th army
corps, with an amendment as substitute
embodying the same recommendation.
The tax bill was then taken up.
Mr.. WILSON offered an amendment
subiecting the income for mechanical labor
not exceeding 5000, to duty Of three per
cent, over $500, aud not exceeding 81 600,
Eve per cent. Rejected.
Mr.. WILSON offered an amendment
proposing tax Of one half per cent. upon
9roes amount of sales except coin and gold
and silver manufactured and personal
property less than 100 dollars, but subse-
quently withdrew 1t.
Mr.. WILSON moved an amendment de-
Claring salaries OF Assessor taking them rs
follows: When the receipts OF collections
is over sou, 600, and not over 340O, 900 an
uually. half of one per cent. upon the ex-
cess of receipts over the former amount
when the receipts are over $AOO, 900, and not
over $6OO, 900, one quarter of one per cent.
upon the excess over 500, 600; when the
x0C0lptS are over vUUO,VOU OIN-.kcutu "a Ouc
per cent,-the salary Of no assessor to ex-
ceed q, 600. Agreed to.
Mr.. GRIMES offered an amendmend-
ment that there shall be no further direct
tax, whatever, collected under this or any
other act till Congress shall re-enact an
other law mvking an assessment OF direct
taxes. Adopted.
structing that the notes or bills of banks
issued before this act goes into operation,
shall not be liable to any tax. Rejected.
An amendment by Mr.. Clark was adop-
ted increasing the tax on fine-cut tobacco
from thirty five to forty-ave cents.
Adjourned.
HoUsE.-The Bankruptcy bill was re.
ported and discussed.
WASHINGTON, June 2.-HOUsE.-Mr.
STEVENS of Pa, reported substitute tC
the Senate bill amendatory Of the Pacific
Railroad act, passed July, 1862, the con-
sidsration Of which was postponed until
Thursday.
Mr.. MORRILL, of VT, remarked that
the Committee on Ways and Means had
directed him to suggest that this entire 2, Day
be given to the discussion of the tariff bill,
aad that tomorrow the debate be confined
to five minute speeches.
On his motion it was resolved that the
House at $3.50 to-day take recess till 1880
Mr.. SMITH of Ky.. moved that when
the House adjourns tomorrow 1t be till
Monday week.
The Speaker replied that the House could
not thus adjourn.
The House then went into committee o.
the whole, Mr.. SCHENCK in the Chair
and took up the tariff bill. rn s
Mr.. MORRILL,, of Vermont, stated the
reason for q change in the tariff: The
Treasury required large supply Of means
the increase of internal duties made u con.
n IF INF FIR iuun ina
portatiOns necessary; wool cloth and iron
cannot now be produced as cheap n they
could three years ago; an increased tax
ON the luxries of life aud fashion would be
. blessing if larger means can I've secured
for the Supp ession of the rebellion. He
did ROT believe the war would be protracted
after the rebels were annihilated. The
primary object OF the bill was to increase
the revenue, and at the same time mature
our domestic products, and thus secure an
increased internal revenue. As to the de.
probation Of currency he said: Though q
decisive victory will prove sharp remedy,
Still, perhaps, the most effectual remedy
would I've to cause the issue OF legal and
rely upon loans.
The Committee did not receive the pro-
Military laws, because the Government
seeks revenue. This was q war measure,
and temporary in its character, and AS
such, he believed the country will approve
Of it.
Mr.. COX, Of Ohio, said be had, in 1851,
protested against the tariff. The pending
great fiscal tyranny is q mountain Of bur-
den on tie west. The present bill is an
aggravation of the tariff Of 1862. The Gov
eminent crdedit demands taxation. but
not close legislation nor sectional advan-
tages. He would not except every plan of
taxation presenting not the rich and the
poor altogether, but principles
He demanded that the benefit of taxation
shall not enure wholly to one class, if its
burdens fall wholly on another. He pro-
posed ~ discuss the benefit accruing to the
classes, and the burdens imposed on the
agricultural and consuming classes by the
present and proposed tariff and depreci-
ated paper currency. In order to pay for
one hundred dollars worth Of goods IN Eng.
land, when gold il at sixty cents prem. the
American merchant owing to the price Of
exchange, must pay 31,74 in our paper, and
when he brings that amount of goods here
I'm order to reimburse himself, he must sell
them for d a. of our currency, with freight
and duty superadded.
These duties are to be paid in gold. II
the duty IL 10 per cent ad valorem, and
nkG M go A.