The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-07-03
T'he Daily News.
TUESDAY MORNING, JULY 8, 1866.
BY YESTERDAYS MAIL.

Congressional.
THE NATIONAL TELEGRAPH DILL
Was passed by tho Senate Juno 29th, by tho fol-
owing vote:
Yeds-nIeasrs. Anthony, Brown, Connoss, Cra-
gin, Edmpids, Fessenden, Foster, Harris, Howe,
kirkwooii, Pomeroy, Sherman, Sprague, Stewart,
Nays -Messrs. Buckalew, Clark, Cowan, Doo-
title Guthrie Hn yhd HGndrSks %o Howard Morgan Nye,
AS passed. the bill provides:
SECTION 1. That any Telegraph Company now
organized, or authorized to be organized, under
right to construct, maintain, and operate lines OF
elegraph through and over any portion of the
public lands Of the United States, over and along
any OF the military or post roads of the United
States which have been or may hereafter bo de-
clared such by act OF Congress, and over under
or across tho navgable streams or waters Of the
United States; Provided, That such lines of tele-
graph shall be 80 constructed and maintained as
not to obstruct the navigation Of such streams
and waters. or Interfere with the ordinary travel
on such military or post roads. And said corpo-
ration shall have the right to take and uso from
such public land the necessary stone, timber,
and and Other materials for it's posts, piers, stations
Senance, and operation of said lines Of telegraph
and may pre- empt and use such portion Of the
II nes Of telegraph may be located as may be
necessary for it's stations, not exceeding forty
acres for 70 r each station, such stations not to be
within fifteen miles of each other.
SEQ. 2. That telegraphic communications be-
tween the several departments Of the Government
of the United States and their officers and agents
SHALL in their transmission over the wires OF any
OF said companies, have priority all other
business, and shall be sent at rates to be annually
fixed by the Postmaster General.
, SEC. 8. That the rights and privileges hereby
granted shall not be transferred by any company
acting under this law to any other corporation,
association, or person; Prouided however, that
the United States may at any time after the expi-
ration Of five years from the date of the passage
of this Act, for postal military, or other PURPOSES
Y111rnI nIoo no1I fhn fnIn
fects of any and all Of said companies, at an sp-
praised value, to be ascertained by five compo-
tent, disinterested persons, two of whom shall be
selected by the Postmaster-General OF the United
States, two by the company Interested, and one
by the four 30 previously selected
SEC 4. That before any telegraph company
shall exercise the powers or privileges conferred
by this Act, such companies shall file their ac-
ceptance with the Postmaster General of the re-
Istrictions and obligations OF this Act.
The Senate, OF 5:15 O'Clock P. NJ, adjourned.
THE TARIFF BILL.
WASHINGTON, June 29.-The House made very
good progress yesterday with the Tariff bill. The
Western and Eastern Experimentation of
other-got into warm debate over the respected
merits Of tariff for protection, and q tariff for
revenue. The former charged the Ways and
Means with having reduced the internal revenue
seventy-hve millions per year, and with increas-
ing the duties on imports from one to two hun
ased RsT cent S;Dduw pretty family guar
Stevens of the coming storm from the West on
this great question. He declared that the true
Interest OF manufacturers was in the stability of
tariff, and not in the constant changes. Mr. LIE
Blond of Ohio, showed up the piteous cry OF the
Ohio iron men that they had been losing money
however, voted to FIX duty Of ten dollars 9Iss pes
ton on pig iron. The duties on other species OF
iron will be increased rather than lowered.
The House Judiciary Committee reported bill
to-day providing for the establishment of a Ma
tional Bureau Of Insurance.
The details of the bill provide for the location
of the Bureau in the Treasury Department, which
shall be charged with the execution Of all laws
that may be passed by Congress for the regulation
St the business % Of Insurance among the several
called the Commissioners Of Insurance, who shall
be under the direction of the Secretary Of the
Treasury, and be appointed by the President.
He is to hold Office for five years, at salary Of
i've thousand dollars per year. The Secretary of
the Treasury is to appoint the requisite number
ofelerks. The Commissioner is to give bonds in
the sum of fifty thousand dollars. Tie bill further
provides that insurance companies contemplated
under the Ia VS. of any State shall fret file deca-
the business prop ,sed to be done, whether fire,
life, marine, or go 'ental insurance or otherwise
and the name 90 lion, capital, and number OF
shares, etc. Each Company before doing busi-
ness is to make special deposit with the Com
missioner, of United States bonds as follows:
Fire and marine companies, fifty thousand dol
lars, and fifty thousand dollars additional for
each fifty, Thousand of gross assets All other
cssses OF insurance companies, to the amount of
one hundred thousand dollars and fifty thousand
additional for each one million of assets This
being done, the Commissioner is to issue certi-
fcate to that effect and business thus authorized
may be transacted without being subject to local
or state taxation of more than one per cent of
the net premium received in States where any tax
shall be imposed Life Insurance Companies that
are wholly mutual shall not be subject to any
taxation. The depositors made with the Commits
sioner are to be held to secure performance Of
that the business is conducted properly semi
annual interest will be paid on the bonds. Com
panies doing fire and marine insurance business
shall not do life insurance business At the same
time, no risks shall be taken exceeding ten per
cent. OF the capital stock. No company shall COM
mence to do business that has not paid-up capital
OF one hundred and fifty thousand dollars. The
act is to go into effect on January Isl.
Foreign.
THE LATEST MEXICAN NEWS.
The official report from General Caryagal, Gov
ernor Of Tamaulipas, dated the 18th inst, has
been received by Minister Romero, which states
that he has just been placed in possession of in