Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-12-15

smallest amount that would be produced BY
this tax would be s75, 1000 year. It
not only proposes taI upon sales actually
made, but upon all who sell stocks, gold or
produce. It will have more of restrain
ing effect on the speculation in gold
than any gold bills which can be passed,
which shall make it penal offence to sell
gold In the market or make any distinc-
ton between gold and paper currency. It
also proposes that the Committee shall IN
quire into the propriety of adding tax Of
twenty-five per cent. on Sll railroad fares
Of the country, including street-railroads,
steamboats, and ferries, making such COM
paniss gstherers for the benefit of the
Government. This is S source Of income
and revenue which is the most Immediately
accessible Of any upon which the
Government can lay its hands, which
would be received in large quantities
from powerful companies, whose revenues
would become immense. This is the time
when We should seize hold of these means,
which will produce revenue for tho money
we must have. A10thtr point in the
resolution il, simply to inquire whether T.
Is not best to prevent the organization o.
any new banking companies, allowing ct
the same time, these banks now in exist
snce to withdraw their circulation and TO
go into operation under the general bank
ing law.
Mr.. Doolittls then explained the fourth
provision of his resolction, in reference to
the substitution of ether interest bearing
notes now in circulation.
Mr.. Sherman-Before vote is taken, I
uJOr1ld 1iErn n n q ND rr 4uzrN
no objection to the reference OF the resolu-
ton, but will state that the Committee on
Finance have already this subject under
as recommended by the Sec
retsry of the Treasury in his annualreport,
and by the President of the United States
in his annual message. All the points OF
issue will be considered in the Committee
without any resolution on the subject.
Mr.. Sherman explained further, that
while it was well enough for Senators 10
express anxiety on the subject, Gll bills 10
raise revenue must originate in the House
Of Representative The Senate would re-
member that at the last session it passed |
for a special incometsx and the |
House sent it back, On the ground that all !
'uch measures should originate in the |
House. He thought this resolution would |
create controversy With the Heuse, which |
await their action.
Mr.. .Shel man believed there was n e,G ity |
or increased taxation. There were sever |
i reasons for it. The soldiers were now
erying in the field or enduring the hard |
ships Of military service while the citizens !
we're resping rich prC fits from the war, by /
engaging in business, and we're doing bet
or than they had done any previous year.
BE thought it but right that those who /
esped the profits of the war should pay
literally for 1t in taxes. IF we impressed |
,ur national debt and put those taxes upon
uture generations, We compelled these
oldiers who had fought our battles TO bear
II the expenses Of the war. This would
,e unjust.
Mr. BrJwn-I have 10 objection to the
eference of this resolution to the Commit
es on Finance if it was il tro luced simp Y
or setting forth the views entertained by
be Ssnst,r from Wisconsin, Mr.. Doolit-
10, indicating the direction in which he
hought the inquiry should be made, but
I it is going to that Committee by gener-
/ consent, and is taken as any indication
hat the Senate concurs in the suggestions
made, shall, fer one, say that | differ
7ery widely in regard to the policies he
las indicated and the effects to follow
rom that which he seems to anticipate.
will add one more word and say this
hat l think the gentlemen are, perhaps,
mistaken in regard TO the extent to which
axation can be carried and that we are
perhaps nearer to the point at which it
an be properly borne than mapy11 persons
msgine.
Mr.. Brown continued his remarks sd-
coating reduction of expenditures in
he conduct Of the Government.
Mr.. DOolittle. agree with the Senator
rom Missouri in what he says about the
Iecessity Of reducing expenses in every
,cssible way. I will go with him in any
fort to reduce them and to compel the
Administration in every department of
he government TO exercise the strictest
economy ossible. At the same time our
expenses are SO great, and must
ontinue 10 be 80 great, that we are COM
,ells1 to sieze hold of every source that
Vlll certainly bring US revenue. do not
xpect, If cJuIEe, that these resolutions
hall go forth IS expressing the views Of
he Senate upon the points have pre-
ented, still the points are of sufficient In
crest and Importance to be we'll considered
y that Committee.
The Resolution was then referred with
ut objection.
Mr.. Chandler moved inst the resoiu-
ions offered by him to-day be printed,
which was carried.
Mr.. Brown offered the following, which
vas adopted
ReSoIsted That the Committee on Military
Affairs and the Militia be instructed to in
uire into the eIpediency of repeating an
Act of Congress, Of March 2lst, 1851, en-
lied an Act to remove the United States
rsensl from the city of ST. Louis, and to
'rovide for the sale OF the land on which
he same is located.
Mr.. Doolittle moved that all bills, peti-
ions and memorials which were pending
{ the close of the last session of Congress,
,s referred 10 their appropriate Commit
ees. This was csFrisd.
A joint resolution, from tue the House,
vas submitted, giving noties TO Great
Britain Of the termination Of the Reeipro-
.ity Treaty.
Mr.. Foster moved TO refer It to the |
Committee on commerce.
Mr.. Sumner moved that il ought 70 60 !
o theCommittee on Foreign Relations, and |
{ was on motion, so referred, The Senate |
vent into executive session, snd soon
afterwards adjourned.
HOUSE.
Mr. Sehenek, from the Committee On