The New York herald., 1866-05-09


Evzsiso SESSION.
There wa4 rfctty full attendance OF members nt ham
past seven O'clock when the House went INTO Com
mee Of the Whole tho state Of the Union Mr. Dawes
IN the chair proceeded tho oonsdeaiion OF tho
Tax bill, the rst section imposing tax Of hye cents pes
pound cotton being under consideration the question
being ON Mr.. Lynchs amendment excepting sx hun
dred pounds the hands Of tho producer from taxation
The amendment was rejected
Mr. UPsos, trep) OF MICH, moved 10 reduce th' TAI W
three cents per posnd
Mr. srrykss opposed tho amendment, and favored .
the constitutional prohibition, he would BE- In asorof
export tax OF ten cents.
Mr. HoopEn, (ep) OF Mass moved to amend tho
amendmen, by reducing the tax to two cents pound
His conviction very strong AGAINST Increasing tho
@ ,ax on cotton witch now amounted 70 aoeu' ~ W,
$22 90 per bale Cotton the only article on which
the bill Imposed increased tax. twas mistake TO
suppose that 'hs country had monopoly or cotton, ana
the tax must come from tho producers.
:, Mr hohsL,7 Werl OF VI, opposed the amendments.
country would have been richer by many millions rhe
testimony taken before the Commission showed nds-
OF foreigners.
Mr Hoopcr's amendment, To the amenimen, was lost
Mr.. PIKE, rep OF Mo-. favored high tax upon cot.
ton 20 make the derived from no south
commensurate with tho large expenses OF bo govern
mcnt In tho south.
M KAssox trep) Of Iowa. looked upon cotton as an
exceptional article, on which tho tax ought levied
on the material; but ough, not TO be hrh
develop the production In foreign countries, Ior no
not believe that the country had the 'pcfmanent mo
nopoy OF cotton In the markets OF ms World liz
thought himself that three pound would tho
proper rate He hoped that the high tax would hs
jastiGcd the ground Of vndotiye retaliation aganh
the South.
Mr. BourwnL trcp) Of Mass, said no could not con
cur with tho committee on the policy Of putting tho
duty a Ave cents per pound Upon AL Questions Affect
liberal policy the part Of tho government,
and this must bo considered 10 some extent a tax
upon tho producers OF cotton, for tho tax would Increase
tue production In other countries. He favored putting
the duty at throo CENTS pound
Mr. morrill, said that persons who had given the sub
icot great attention differed from the views put forward
by Mr., Boutwell,
Tho subject was siii further discussed by hcssr-
Kasson upson, Griswold, stevens, Wison tIo"nh HAY
mond and Dodge
Mr. GnpwoLp suggested that American cotton at ,~sn.
ty-nve cents per pound would have the monopoly ~
Mr. sr.vrss said he WAS credibly Informed soai With
free labor cotton could bc produced for one cept Ter
Mr. wnsos, (rep) Of Iowa. reminded the comIn ,ice
that the bill intended TO produca certain amount
OF revenue, and f tho tax on cpiion Was rdured "
would nccossta,c increased tax other articles.
Mr. RAyxosp favored the tax OF ave cent? pound
medium tax II seemed that nothing better could oc
done than follow tho recommendation Of the Committee
OF Ways and Means which had given the sut"ct great
confederation II ave cents were not too hish 1l' shonh
prove to be TOO high, when The nes, Congress revised
the Internal Tax bill Il oonld be rrdoccd.
Mr. HoolEa stated thai the estimated for he
fiscal year s50i go o1o but hs oyn M
preston was that u WORLD not be less than 500 GOO 900
The Secretary Of the Treasury estimated that vitn
annual oi $500 900 900 he could hAyo s5"ooo
600 TO apply TO the principal Of the public isoi lhere
therefore, for imposing an add thona tax
on cotton aud hc hoped that product would not D"
singled out as the only one on which an iuoreaod tax
would be- imposed.
M Dopar, trep) Of " Y, took ,hs ground that
high cotton would nocesrarily stimulate i,s pro
ducion foreign countries, and therefore. would bc
dangerous experiment 10 put on high tas Tho
competition from Ind would bc very great and be Was
convinced that po,hing could give Iinah alias
greater pleasure than 10 Tho American Congress
pose n tax Of Ave cents cotton. He thou.ntit
| laiuly should not be higher than three cents.
Nh nIg xllan WnN alars Mr. afssn M Ysfl
and IL wD rejected 20 the tar ON cotton o, cd
| at i've ceu's per polnh.
The House passri tho consideration Of tho Fubse
qucnt sections regulating tho details for and
| collecting the tax cotton. There wcro smend-
mcnts, Other Than verbal uBnporant only orocd io
| the second third, fourth aud nft. sections,
Mr. Lfscu fcpI Of Nc, moved 10 amend tho eighth
section by striking oni The word. when exfovsed aud
the words ION exportoj 10 allow tie dri~bsrk
on cotton manainttulcs consumed In this county
hr. H.Gp'Sc, Hcpl o. w., spoke In oprosluon 20 all
| I0Tma Of drast0.k.
| fhe debate VA far,lar oonunu"d by Ne.srs Pane.
| stevens, Nafrhal CtiSegi and Raymond.
Mr. PAM Lqgfci ~ NJ Anu.A what prutorIon or
the cotton produced IN l9s county was Manufactured
| here
Mr. Mount replied lsal II vaaed nssn ono iosr,h 10
one-hhd. Tbs qnostlon iakea Dir. Lynch
amendment. and !. was rejected
M AiLs0S, lrcpl o. Iowa, moved IN amend ~
striking the slkh sect all0NiD. q frseisa
exported Manufacture of o,i;QI. H. pia AIRED.
he fad, vote take nnfy oi the TftsEury fnr
the benefit of corn tisnnisciLicrs ps'icuiauy hs a
appeared that he United States could eomveto With
foreign manulacturufs iAf Nas no testimony q M
Atkinson action manufacturer % Boston.
Mr. DLAsf showed that that sAiefatbi vas asuri-
~ - nee iIaslnteh m a foqulied sn ayereEr ~
20 enable domestic manufactures 10 compete ~llh them
Ia American MARKET
The amendment of M Alllaon wa rejected
The commiuce iAon roe sna The nou,c al ten ooosk
ADORNED