Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-05-03
XXXIXth Congress
WASHINGTON, May

NAsHlNGIOhy may L.
HOUSE.
Mr.. BLAINE, of Maine, asked leave TO
offer the following resolution:
ReSoIUeG, That the President of the Uni
ted States be respectfully requested, if not
inconsistent with the public inte rest, to
communicate to this House at the earliest
practical day, any authentic information
that may have come into his possession in
regard to the reported barbarous lombard
ment of the city Of. Valparaiso by the Span
ish fleet on the 31st of March, also to in
form the House what instructions had been
given by the Navy Department to the Off
Ger commanding the American fee.in those
waters.
Mr.. BOUTWELL, objected, SO the resolu-
ton was not received.
Mr.. C0FFR0TH, ofPennsyIvania, offered
q resolution, which was adopted, instruct
ing the Committee on Invalid Pensions to
report by bill or otherwise, e measure grant
ing pensions to all the surviving sol diers
and sailors of the war of 1872.
Mr.. JENCKES, of Rhode Island, from the
Committee on Patents, reported bill pro-
viding that upon appealing the first time,
from the decision of the primary examiners
to the Examiners-in-Chief in the Patent
Office, the appellant shall pay fee Of SO.
The bill was considered and passed.
Mr.. JENCKES from the same Committee,
also reported bill 70 give increased pay to
Examiners and Assistant Examiners of
Patents, from April, 1861 to August, 1855.
Mr.. WASHBURNE, Of Illinois, required
an explanation which brought out the fact
that the bill was to pay certain clerks for
performing the duties of higher grade.
Mr.. HARDING, of Illinois, compared it
to an effort to pay Colonels, who act as
Rrino Ia off hal hfrhn uv,Lr
and moved to lay the bill on the table,
which was agreed to.
Mr.. CHANDLER, of New York, from the
same Committee, reported joint resolu-
ton authorizing the Secretary Of the In
terror to appoint three commissioners to
examine and report on the patented ma
chinery and inventions that may be exhib-
tied at the Paris exhibition Of 1867, with
power to employ the necessary drughtsmen
and photographers, the expenses not to ex-
ceed $4,000. After some discussion the
resolution was laid on the table.
Mr.. HUBBARD, of Connecticut, from the
same Committee, reported bill for the re-
lief of PbilO B. Tyler, looking to the extern
cotton presses the same as though the pat
ent had not been already extended. After
some opposition by Messrs. Upson and Wash
burne the bill was laid on the table.
Mr.. ELIOT, from the Conference Com
mittee on the disagreement OF the two Houses
on the Cuba telegraph bill, presented a re-
port. The Senate agrees to the first amend
meut of the House, giving the Government
of the United States the free use of all lines
at all times instead of only during the time
of war; and the second amendment of tho
House limiting toll per message to $3.50.
with an amendment adding these words ::
70 fba -r-FT -,
to alter and determine said rates"
Mr.. RANDALL, of Pa, moved to lay the
report on the table, which would carry the
bill with it. The motion was,negatived and
the report of the Conference Committee was
agreed to.
SENATE.
Mr.. SHERMAN in introducing the
finance bill said;
I desire to make statement as to some Of
its provisions for public information. 1t
provides in the usual form for five per
cent thirty years loan to be called the
" consolidated debt of the United States"
to be disposed of at not less than par, aud
to be applied to the payment Of the exist
ing national debt other than United States
notes, commonly known as 'greenbaoks." /"
There are two provisions of the bill likely
to excite opposition, one of which grows
United States securities. It cannot be de
MED that q strong feeling grows out of the
exemption from State taxation Of so large
an amount Of property, and various propo-
sitions have been made to subject
them 10 taxation by the Q. S. while
/ they bear interest at a rate equal to that
paid in most States on notes and securities
| subject to tax. This feeling of inequality
will continue to increase. They are now
subject to an income tax, levied by the
| United States, but owing to the 5000 ex-
emption now proposed 70 be increased to
/ 81, 900, and also TO the large amount held
| abroad, which cannot be reached, and the
readiness with which tax is available, it
! counts to the United States less than LILO of
l per cent on the aggregate debt, in con-
| alteration of the reduction in the rate Of
interest from Q and $40 per cent to 5 per
cent This bill proposes TO extend the
nreseut exemption from State taxation to
| the income tax, and will in effect recur to
the United States reduction of J of the
present interest fund, with but a trihing
| loss of income. The saving thus made, with
a further sum equal to 80 mills on the dol
lar, it is proposed to apply to the payment
of the principal of the debt If uninter-
rupted this will be accomplished in thirty
five years. The effect is to pay the national
| debt by saving Of interest. AnOtner pro
position refers to the option of holders Of
ESQ notes to demand payment in money al
their maturity. The bill provides for CIV
ing the six months customary notice. IL IL
believed q fair adjustment between the
interests of bond holders and tax payers
Nh. DIXON addressed the Senate in fsvol
Of ~ Amendment, quoting from the New
YORK Post to sustain his position.
M. FESSENDEN, from the Committee o
Fifteen. spoke at some length against it, il
the course of which he said that the proPO
I sitions before the Committee led to consid.
I erabIe differences Of opinion. These dif
, | ferences had to be reconsidered. do no
suppose the scheme as presented would b
suited to large number, but the question
! was not one of personal opinion. Hethough
l that the Committee, composed as It vas {
: gentlemen who were eninently fit Tor tn
1 position, after months of deliberation an
l care and reflection, with yoluminous test
e mony before them, might be supposed to ez
s press as much wisdom as any individul
c who writes for newspaper.