New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-09

r.rsons were spewed out" adding that he (Ir Kelley
was the worst spewed OUT man he ever saw IN his me-
The hour of Al O'Clock having arrived Mr. Smiths re-
marks of by the House taking recess, after
which the tax bill is TO be exclusively the subject for con-
sdeIation
EVENING SESSION
TIE REVENUE TAX BILL
There pretty full attendance OF members at 1880
O'clock D. N. when the House went into Committee OF
the mole the state OF the Unon MIR. Dawes Mass
m the chair and proceeded TO the consideration of the
tax BILL the first section imposing tax Of five cents per
pound on being under consideration, the question
being Mr. Lynchs amendment excepting 600 pounds in
"--as of the producer from taxation The amendment
rejected. - -A-~A oAnts per
Mr. UPsoS moved to reduce the tax to .n.,>
pound.
Mr. STEVENS opposed the amendment and favored .ax
Of eight cents per pound cotton Were il not for the
constitutional prohibition, be would be in favor Of On ex-
port tax OF ten cents.
Mr, HOOPER Alass.) moved to amend the amendment
by reducing the tax 10 per pound His conviction
was very strong against increasing the tax cotton
whca nov amounted to about per bale while the tax
OF i've cents would make it about 2 50 per bale Cotton
was the only article which the bill imposed an increased
tax was mistake t. suppose that this country had
monopoly OF cotton and the come from the pro-
dueers.
9 Ms, MORRILL, opposed the amendments. If the tax had
been tXed for three years at FIVE cents the country would
have been richer by many millions. The testimony taken
before he Commission showed ndisputably that the
would have come ont of the pockets of foreigners.
Mr.. Hoopers amendment TO the amendment was lost.
Mr.. PIKE favored high tax upon cotton so as to make
the revenues derived from the South commensurate with
the large expenses of the Government in the South.
Mr. KAssON Iowa. looked upon cotton excep-
on3 article in which the tax ought to be levied the
material but it ought not to be high TO develop
thu production in foreign countries for he did not believe
that the country had the permanent monopoly OF cotton
the markets of the world He thought himself that three
pound would be the proper rate lie hoped that
the high would not be justified the ground Of vim
dicvc retaliation against the South.
Mr.. BOUTWELL, Mass said he could not concur with
Che Committee the policy OF putting the duty at i've
cents per pound. Upon all questions affecting the material
prosperity of the South he favor of the most liberal
policy the part of the Government, and this tax must
DO considered TO extent tax upon the producers OF
cotton for the would increase the production in other
countries lie favored putting the duty at three cents
Mr. MORRILL, said that persons who had given the sub
iect great attention differed from the views put forward
by MIR Boutwell,.
The subject was still further discussed BY Messr KAssoN
UPsos, GRIswoLD, STEVENS, WILSON Iowa, RAYMOND,
and DODGE.
M. GIIswoLD suggested that American cotton at IS
cents per pound would have the monopoly Of the Euro
pcan markets.
Mr. SIRENS said he was credibly informed that with
free labor cotton could be produced for cent per pound
Mr. WILSON Iowa reminded the Committee that the
bill Intended to produce certain amount of revenue,
and If the tax cotton reduced 1t would necessate
an increase in the tax other articles
Mr. RAYMOND favored the tax of tve cents pound on
cotton at least for the present II was very FAR medium
follow tie recommendation of the Committee OF Ways
and Means which had given the subject great eonsdes-
ton not too high but should prove to
b. high when the next Congress revised the Internal
Tax bill II could be reduced
Mr. HOOPER Mass stated that the estimated revenue
Cor the fiscal year SOL 100000, but his
impression that II would not be less than UV
The Secretary the Treasury estimated that with
nua revenue Of 1850 900 900 he cond have so 900 to
apply TO the principal of the public debt. There was
therefore, for imposing additional tax on
cotton and he hoped that product would not be singled
out the only one on which 81 increased tax would be
imposed.
Mr. DODGE a. Y took the ground that high tax on
cotton necessarily stimulate its production in
foreign countries, and therefore would be dan
geros experiment to put high tax The competition
from India would be very great and he was convinced
that nothing could give British capitalists greater pleas
than 10 the American Congress impose tax OF
five cotton He thought it certainly should not
be higher than three cents.
The question was taken Mr.. Upson's amendment,
and il rejected 80 the tax on raw cotton was hxed
The House passed to the consideration OF the SUISSE
cusn sections regulating the details for assessing and col
lecting the tax on cotton.
porant offered to the second third fourth and nth
sections.
Mr. LYNCH Mo-. moved to amend the sixth section by
striking ont the words "when exported and the words
'son exported" to allow the draw back on cotton
manufactures consumed In this country, as well as on
those exported.
Mr. HARDING I) spoke in opposition to all forms Of
drawback.
Stevens Marshall, Griswold and Raymond.
Mr. PAINE inquired Of Mr.. Morrill, what proportion 81
the cotton produced in this country was manufactured
Mr.. MORRILL, replied that it varied from one-fourth TO
one-third The question was taken On MI. Lyhehs
amendment and il was rejected.
M ALLISON moved 70 amend by striking out the sixth
section allowing drawback exported manufactures of
cotton. he prepared, he eaid 10 vote to take
money out of the Treasury for the benefit of cotton manu-
lecturers particularly appeared that the United States
could now compete with foreign manufacturers. Ihs
was the testimony of Mr.. Atkinson, cotton manuiae-
turer OF Boston.
Mr. BLAISE showed that that statement was an absurd
ity on It's face nasmuch IL required average tax OF
% per cent foreign manufacturers OF cotton 70 enable
domestic to compete with them in American
markets.
The amendment of Mr.. Allison was rejected.
The Committee then and the House at III O'Clock
sdOuraej.