, 1866-02-06

| 1A91lXQS1 OF 86HUHQtnE6Ys
| But the question of The effect Of the propose
mea:nte upon the credit OF the Government rnay
conetuefet Seftled. aud that By the best eridsne
which san b produced, That ot the bondholdcl
! among hepersous examined uuder oath before tt
Commission. we're the following, ali Of whom yer
interested tnthe Government securilics some a. of
Gers 81 large baakine Institutions soulc as oWper
and dealers for foreign account and Others caoial
IT., holding ger1 lafee Investments: c. r. Wiye7
| Henry 4. Perkins; John L. Bunco, Jnmes S. 'rfyon
Stephen p. Pudee, E. r Houahwout. John II
Hunter, Royal Phelp., William B. Astos, Within
| y: Ferm11Je, y: +. .: Ianter.. GeoFge Spe7er
nett, and John @. Jonest
or ihese gentlemen iNo orthree had becn uuder th.
imprsssion @ MT the unlted ssascs securities Sers
come diversity or op11ion as to he t11aftou d
bonds helt abroad, Or their income: But the ops1
io1 mas almost unanimous. That r. 1t was not for
should be imposed as an equivalent for The exe,nt,
t10u ron local taxation Chat Justice tho public
good, md the interests Of the bondholdcra them
Gen. H1liyet eajd: NJ should yaIue The Govern.
meut securities more II they wcre taxed ttan a
more quiet they were tazed gene1ally ike o.hes
property. We hase got 10 pay Inch ap a1nount d
,h ,,ha1es. md men pay taxee more cheertully when
make about taxes IL, that our neiahbor pags ess
than ne do. Wcshould not talk about reputation,
NOW We Dry them, knowing that individuals aut1
much property being held without bein! taIyde'
VI; ?Yon said: II should think that II It wers
% aat H. q n
shonM cot Re taxed any heavi5r taking 1heir e9-
lsttng tax into account, thau 1naIv1duals who hold
Papsss III :ns9 ssa a' saSs g'ud Be
M1. Astor ea1d: * I know very veil that they are
NOT exempt from ttxatson by the General Gosera-
ment, and / ehon1d think that they ni.ht bear a
/ hal
certainly not more than one per cent. do not
think that NTH proper restrictions snd safesuard4
might have Ntte influence On the pE,ces * stocks.
think our securities nre actually worth more and
onght to be cold At higher price ahtoa than they
e sa a. 81 wg e41 e 9ssa sSa
'hSr'd g, rsan. - as ,s}S. i9fs a. t@aey do
c3pies q equity snd justice. IN tie iaoesslon cf
taxes. They should be equally imposed, md prey
a. lightly as possible upon the indnstriaf Interests
considerable exS,emeat about .ha exemption oi cne
elass q property holders nom any tax for the sup-
post Of he Government. and th!ok that this nat
earnest anentton Of Congress. Ii ought moi 10 b
len un we eat into the midst Of political excite
nens aud s&1tat'on-. # t1mc, possibly, Whea ,he
or fsoa pecun!s1y dsszese. As 70 he exteut os The
manner in WHICH that duty shall DC performed,
an n9t pfepassd so express dehnite Sp!aioa; bus
depends on :he justice Of its ryser Of ta.stlou."
Ms; EeEmilEc ss1d': II think |! the tx ,s In
posed the plan is good one. d. not think that
the tsI Of cne per Cent when It eouea to be under.
stood By foreign bondholde1sv VINO arc now getting
nine PEI cent IN gota, would be regarded az Of any
y. and adopted euch poley a. % rive the aasrr-
nnce Of the eatfy payment Of the deot. 1 t.tnk /.
quite poleih1e that the b4ads would adyarce In
tuent cf the Gorr1n,neut were knoWn 10 be souud.
r., eonsider T necessary h Popular Government
elect the Congree. Of the nltlon, fat thrre shonld
be equality Of tazstion and ereral satlatact1on.
particularly IN egara 10 ihe artoecuenis uaads r..
spscsfDg the public debt and It Is unsafe to cass
these securities n position where he preiuiices
and interests Of tbe people 1aay be assyed asantt
shsn ownets; 40 no, think thefu should oc auy
t!herence IN taxation between American and fo:.
ete1 bcndholders." 4AN AVA
Nr. speyef, Ns. Won Holman, NJ. Lanler, Mr..
Pafdee, Nf: Aoushwant, Nj. Hunter. Mr. coe, Mr.
Burnett and Mr. jones expressed similar opinions,