New-York tribune., 1868-06-15

by taxing United stas bonds owned by banks two per
cent per a9nnm which wa 20 20 OF
one per cent each month upon the average amount e
United States tax Of Of one per cent each
month on the average amount OF pupnc moneys .. uo
pOst tax OF one-twenty fourth Of one per cent per
month the capital beyond the average amount
in United States bonds and tax OF onetwelh VI ono
ia which State banks per cent on their
circulation. being read, Mr. MORRELL lep rehn NJ
moved an amendment providing that the section shall not
apply to banks that in liquidation and which nave
not issued notes for circulation for more than one year,
Mr PETERS CRep Me) moved to postpone the opera
tiOn Of the section until the 1st OF June 1870
The motion was rejected.
Section l15 taxing brokers' sales, was not amended
Section ll6 which leyies tax on te use auq
of certain articles, having been read, Mr. ROBlNSOS,
Dem n " moved to strike out the first paIagraph VI
mSscs S Seeio1 ibstpmSen{s gold and silver
plate &c. He expressed his CONVICTION Ihat te ont @
upon 1t was wasted, and lie gave notice that ne "ou
to strike out each paragraph as II was TeG ox
presses very strong opinions about this bill II we we
attached more Importance TO what ne sSH b as is
% e @Fe SG9 Gt Ts n oPposition from the gentleman Being
of tme and unwilling 10 the session into
the dog days, he proposes not 10 cOnhne & secfni
and pSragraph and in that way kick the bill to death as
by grasChoppers That would DO tb genfema1 Demo,
erat as he has turned out to be- should reserve se m
we had reached proposition to tax goiu Watches '
o4eops @ of order we're debated and the amendment
uT T moy aTt having been read Mr. ROBINSON
moved 10 strike it out Only six voted 10 stIAo ou '
No amendment was made TO section ll6 taHi1s tax can an
riages watchess plate &c, except TO nho @ et over
so and tie section was transpOsed so as TO place "
tore section nneyseven relating 10 STAMPS ro,atno 20
No amendment was made TO secuoh H. lei"""e ~
piMSSp' MTp IsSTEWART Dem n " moved to extend the
tax TO life insurance companies Agreed 10. ;,,,osirc
Mr. PETERS moved an additional secVSn, 40 fa pdenosif
| tax of two per cent on the gross ie''ip - $3.50
|
been read Mr. TWiTCHEIL REP Mass m2vee s - 10 re nc
duce the tax gross receipts from TWO ana nan ~ WV
peAl fer Ee discussion the amendment agreed to-
Mr. COBURN (Rep. Ind) moved TO amend Dy eAenp1d d
S % Ss @ Than vs. GOO population where their gross re-
cepts for the preceding year do lioV eAoeeu ''
Mr. PILE Cep Mo- moved TO amend the aInendineh' amend
by striking out the reference to popnao AEVu ced
MIR COburn's amendment as thus ahehueu was "hio'
Mr. TRINIBIF moved TO exempt from the tax compa
nies whose gross annual receipts do not eAceeu S'VV
| instead of $1,000 Agreed To. ,. .,o, rolroad
Mr COBB Rep Wis., moved a proyiso that Ialroau oa
connanies which had received grants OF land from the
Government Of the United states sha pay louI oi '0
section 100 taxing express and telegraph companies
! Mr. SCHENCK moved to reduce the tax on express
companies from y per cent on the gross reeeipS
IT SCIIENCK moved to tax the gross receipts from
railroad sleeping cars p per cent Agreed 10; - ..,o
Mr.. SCHENCK moved to tax the gross IeceiP'S vi '0
HielsrS ALLISON and HOOPER, members Of the Com.
mee OF Ways ana Means te @ ,l the lax on
telegraph companies should also be reduced 10 y pel
cent and did not know any reason why there Should DC
distinction between the tax on express anu oh
! colnpanles, which was now the same. -, y..-.f....
! mir SCHENCK did not understand that the commune
had taken any action this morning on the question Vi
! taxing telegraph companies. , -. .,,o, ,,o
! Mr. FARNSWORTH rep, I'LL moved 10 reuu0o 'No
| tax on telegraph companies TO per cent: , ,
| Mr. COVODE Rep., PENN argued IN taNOt oI laAilE
the telegraph companies the same as express con-
lie had some experience Of the relative prons OF tho @
euarprses as he had money invested III each anu nc
knew that he got dividends from the eieg.aPn soA'
| Mr.. Farnsworth's amendment to the amendment Wa
rejected, and Mr. Schenckh alhehunieh' W '"N ~ s'F
| companies per cent was agreed TO.
| THE WASHINGTON CONTESTED ELECTIONS BILL
The Committee rose at 455 O'clock and message IRON
the senate having previously been received WIN tie "
relating 10 elections in the City OF Haslngton, MII TIT
| SCUFNCK moved to proceed To the business on lh'
sneakers table, In order TO dispose OF that biil.
Mr. HOLMAN called for the letters but the houf OF
O'clock having arrived at which time 1t had been, 10y
unanimous consent ordered that the House adjourn th'
House adjourned.