The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-12-03
HOUSE,

~ cnhuBlnR tne laws IN respect TO
the taxation OF the National Bank tag,
as to permit all stock owned In State
where bank Is located TO be assessed
and paid In the city or town where the
stockholdVra residea, #, ilEi i-5iliIi
Mr.. Payne offered O resolution citing
that u 10 provided 10 the first article Of
the Oonstttution that no money shall be
drawn from the Treasury except In
consequence OF Nm appropriation made
~ law, that the President had, with
the advice and consent OF the Senate,
made o treaty with the Emperor or
Russia for the cesslon OF q territory in
payment OF 1920, 900 In gold, and In
atructing the Judiciary COMMITTEES 10
inquire and report whether under the
Constitution and laws OF the United
States the nation has the right To grant
or refuse, at It's discretion, an appro-
priation for the payment stipulated In
such treaty. Adopted.
Mr.. EgRlest0n presented resolution
OF the Cincinnati Common Council in
reference to the national finances. and
In favor OF the repeal OF the cotton tax.
Referred to the Committee on Ways
and Means.
Mr.. Munger offered resolution dI.
rectlng the Secretary OF Treasury 10
suspend at once all further action in
the execution OF contract for the sup
ply OF spirit meters for the detection Of
dlstillation frauds until the House can
inquire into the subject. Referred TO
the Committee on Ways and Means,
Bills were introduced aud referred 10
amend the act Of July, 1865, Increasing
the pensions OF widows and orphans;
to prevent further contraction or cur
rency; for the purchase and annexation
OF British Columbia, including Van
Convers Island; for the repeal OF cotton
tax; to allow the taxation OF green
backs, compound interest notes, and
national currency, by the various
States and Territories; 10 provide PEN
sions for certain officers aud soldiers
who served in the war OF 1872, Mexican
war, aud In the Indian wars up to, and
including the Black Hawk war.
Mr.. Brooks offered resolution de-
claring that In the opinion OF the
House the contraction of currency
amounting TO q, 900 900 per month. ati-
tborlSed by law, but subject TO tho dis.
erection OF the Secretary OF the TreasIi.
ry, ought during the present depressed
condition OF commerce aud mAnufac.
lures OF the country TO cease. He
moved the previous question which the
House refused 10 second, and Mr., In
gersoll rising - debate the resolution.
went over under the rule.
Mr.. 1ngersoll obtained the unani-
nous consent TO put aquestion 10 the
Chairman of the Committee ON Ways
and Means. He (lngersoll) on the first
DAY OF the session introduced bill TO
repeal that section law which author
lzed the contraction OF the currency,
and had 1t referred 10 the Committee on
ways and Means, and he desired the
chairman OF that Committee to state
when the House would have report on.
the subject. 81 Il
Mr.. Schenck replied that the Com
mittee had, as yet, been unable to con-
sider more than one important subject
relating 10 finance, and on that they
were prepared TO report, referring 10
the repeal OF the cotton tax. The Com
miuee proposed TO meet from day 70
day, and to grapplO as best 1t could
with every one ofthese financial sub
jects, and he apprehended a report
would be made At an early day on the
subject to which Mr.. Ingersoll referred,
and other important matters. Il
Mr.. Ingersoll declared the reply was
perfectly satisfactory, but he wished to
call attention TO :he fact that the Secre-
tary OF the Treasury was depicting the
currency at the rate Of one hundred and
twenty-five thausand dollars day,
thus, Sangrado like, taking the very
blood out ofthe people. ~
Mr.. Schenck remarked that the Com
mittee, although very young In life,
was not at all asleep, and he was in
clined to think not only the gentle.
man nom Illinois, but everybody In
the country was thinking on the SUBJ
Jeet, aud the Committee proposed TO
AIT on 1t as soon as possible, but not
without some little deliberation. One
reason why the Committee had not
hurried 70 report on any of these sub.
Jeets was II had 10 yet 70 get the reports
OF the Secretary OF the Treasury and
bis various subordinates. .,,rs0
Mr.. Ely offered n resolution instruct.
Ing the Committee on Ways and Means
to inquire into the expedIency Of
authorizing new loan, payable after
ten years and redeemable after thirty
years In coin by the issue OF i've per
cent bonds; the interest payable semi.
annually In coin; bonds taxable at the
rate OF one per cent, to be deducted
from the interest when paid; also, pro.
vidlhg for notice to be given TO the
holders Of government obligations now
due, or hereafter TO become due, that
they may receive such bonds In ex.
change or payment, according 10 the
tenor OF such obligations. Adopted.
Mr. Banks offered resolution do.
claring that public policy and national
honor alike forbid the redemption OF
the funded debt OF the United States In
deprecated paper currency. He
moved tho previous question, which
the House refused TO second.
The Secretary OF tho Treasury was
directed to furnish information US to
the amount OF revenue tax received
from tho National Banks during the
last fiscal year, and tho amount OF In.
lerest drawn by such banks from the
Treasury.
Tho Committee on pensions was In
struoted, on motion OF Mr.. Coburn, to-
Inquire into the OK pediency Of proyid.
Ing bountles OF land for soldiers In the
late war,
On motion OF Mr.. Maynard, the Com.
nlitIee on Banking and Currency was
directed TO inquire into the expediency
OF requiring the National Banks, from
the LIST OF May, 1858, 10 redeem their
circulation In coin.
Mr.. Ashley, OF Ohio, introduced
Joint resolution proposing an amend.
ment TO the Constitution OF the United
States, which was referred 10 the Ju.
dietary Committee, II declares nil
persons born or naturBlized In the
United States, and who are subject
to Its Jurisdiction, citizens of tho
United States and OF the State
or territory wherein they reside, mako
All such citiEens over twenty.one years
orHge, except untaxed Indians, cleo.
tors where they reside; make II inOum-
bent on each State TO establish and
maintain free public schools for the nc.
COmmOdnti0h OF all children. II also
renders Ineligible TO seats In Congress,
or nny military or civil Offices under the
Government, all who wore members OF
my convention or legislature. or who
held n commission above the rank OF
Capt, In the rebel army, and provides
that the validity Of the public debt