The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-13

WARRINGTON, March ~, 1906
THE PRESIDENTS RESTORATION POLICY AND THE
ACTION OF CONGRESS.
gentleman just returned from Europe called at the
White House to-day and had interview with the Pres
dent, which resulted in free conversation that took
vide range The latter assured that the Exec tive
opinions and politics we're we'll understood abroad among
intelligent since the publication Of his different
messages speeches. and addresses 70 delegations from
Southern States and that they also commended them
selves 70 nearly al Europeans who were at heat
friendly 70 perpetulty OF Union and insti-
tutoua The President replied that he hoped
So that he had any concealments, and that he
tried express himself - 70 be understood OF all
men In fact he considered that he understood by
all except such determined To misunderstood
him. He desired 10 FestOre the Union In fact It
already In theory and 10 70 all the States
North and South, every constitutional right they
entitled to; but he met by who icono
clasts who opposed all his plans Of and
never submitted any Of their own "why," said he,
Congress has been In session nearly four months
and what has done, What Is It's poicy' Can any
answer II seems to mo apparent that has none. IL
puts itself in tho position OF cavling at all
propositions from any else and Of failing originate
any Of It's own. II Is doing nothing whatever In the
work Of reconstruction Texas is at this instant
izing State government OF its If Congress OPP
posed TO my plan Of reconstruction and believes this State
only Of the Union, but It's citizens in
don the right OF self government why does
IL not dcpose the Provisional Governor the officers
elected by the people, and impose other and better
form Of government Why does Congress
adhere TO this dog in the manger policy Of
refusing TO recognize the only government
that State has and yet declining to give better oncs-
He then referred to Mr. Lncolns system Of
ron
the constitutional prcrogatves Of State by
virtue Of her action In Of Mr. Lincoln policy
&c. HIS remarks will find an echo In the awakened
Judgment Of the people
THE NEW TAX BILL.
The Ways and Means Committee will report the
new Tax bill The committee finally agrees to report in
favor Of a tax Of i've cents pound cotton, and Of
Eve per cent all incomes, extending the exemption
clause in the latter to one thousand dollars.
THE TARIFF BILL.
Mr. NORTH, OF the Ways and Means Committee stated
day that the would up the tarin ques.
ton at an early day. Now that night sessions have
been ord red by the House more legislation may be
expected
THE NEW YORK BANK FOR SAVINGS vs. n. n. FIELD
pEciDEp-rHE BANK LIABLE TO FAY THE REvE-
NUE. TAX.
The United States Supreme Cout to-day decided the
OF the Bank for Savings the city Of New York
Maunse b. Field This case was before the court upon
conflict Of decision from the Circuit Court for the
Southern district OF New York. The main question pre-
scnted TO the liability OF the plaintin 10 pay
monthly duty Of onetweny fourth Of per cent upon
the money received and invested loaned by H. upon
deposits with a person corporation engaged IN the
business OF banking under the one hundred and tenth
section Of the Internal Revenue OF January 80 1894
amended by the act OF March g. 1855 The action
brought 10 the Supreme Court OF New York restrain
the collection Of Gil eo2 assessed by the Commissioner
of Internal Revenue upon estimate by the for
want Of report by the plaintiff tar upon the aver
age amount OF moneys out upon loan Invested for In
dviduas by the plaintiff pursuance OF It's charter dur
ing the months OF April May, June, July and August,
1896 Associate Justice Clifford delivered the opinion Of
the Court sfxing the third, fourth and nth points,
namely THAT the bank Is liable 10 pay the duty that
the loans received and invested are deposits within
the meaning Of the act OF Congress, and that the
moneys received on deposit In any month, and
invested in the manner stated during the MONTH
are deposits within the meaning OF the acts OF
Congress so as TO render the plaintiff liable 10 pay the
tax thereon for the same month. The Court did not
decide the FIRST aud second points, 10 whether
the Circuit Court could restrain the collection
Of the tar and penalties by injunction Asso.
cate Justices Grler and Nelson dissented from the
opinion, the latter saying he did understand this
bank 10 be within the meaning Of the statutes II was
mere agent for the purpose Of receiving small sums
for poor deposors and loanns them under resrc-
tons investing them In United States In state bonds
stocks for the benefit Of the deposor With The sp
prevail Of the institution Associate Judge Field did no,
sit in the case.
Decision IN The BERMUDA cAsF-ruE VESSEL
"A IN ne