New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-01-26
dispatches to the Associated Press.

WASHINGTON, January 25.-The following
are full house proceedings on the cotton
tax. Pending the disposition of the cues
tiOn, Mr.. Schenck of Ohio, from the confer
ence committee on the cotton tax bill report.
ed that the committee had agreed to recon.
mend that the senateA recede from it's
amendments and agree to the bill with an
amendment adding the following words
And cotton imported from foreign countries
on and after July l, 1868, shall be exempted
from duty. Mr.. Schenck explained the
meaning and the operation of the report
and the reason why the conference on the
part Of sthe house had agreed TO it. The
provision he said did not affect materially
the interests of the country or the revenues
of the country. Cotton would be left rea.
lively in the same position that it had been.
Mr. Morehead, Republican, from Penn
sYlvania, one of the conferees said he did
not rise to oppose the report, although he
had not signed it, but to explain his own
position. He considered the amendment
entirely inconsistent with the principles on
which the house had been acting, for while
on the one hand the house was trying to
stimulate the production of cotton, it was
trying on the other hand to give American
cotton a rival.
Mr.. Beck, Democrat, of Kentucky, the
| third conferee explained his action as
member OF the conference committee in
agreeing to the ereport. One reason was that
prior conference on the part of the house
had agreed 10 it; another was that fhe cot
| ton imported was not such cotton as comes
into competition with tho American
| product.
Mr.. Maynard opposed the report, showing
that cotton could be brought from Brazil
and India and landed in New York as
! che aply as il could he landed II Iigcrpocl.
The tax of three cents per pound on i'm
ported cotton had been required to be paid
in specie, while the tax on American cot
ton was payable in currency, and to that ex-
| tent the tax had operated in favor of the
| domestic article, but the pending PROPOSE
| tien would bring the foreign article into
the domestic article. If the duty was taken
| of domestic wool why should it not be
taken off OF foreign wool? He was for pro.
| lection of labor and industry, and he
| trusted the house would not concur in the
report. A new conference committee
might agree to something better; 1t certainly
could not agree to anything worse.
| Mr. Allison (Republican), Of Iowa, said
| that though he might vote for the report he
would do so under protest, because this was
| the first time where, in the consideration OF
an internal revenue bill, the house was
called upon to treat Of tariff measure. He
| thought the bill would work great injustice
to the holders ofcotton prior to the 1st of
July, 1858.
Mr.. Blaine (Republiean), of Maine, cx-
| pressed the hope that the house would vote
down the report, and see whether with an
other conference committee the house could
not get better report.
Mr. Sehenck said the committee had only
made the concession it had made from the
assurance that no better terms could be OBJ
tanned from that or any future conference
committee ON the part Of the senate.
| Mr.. Coyode, Republican, Of Pennsylvania,
| said he could not vote for the report. The
effect of removing the tax on imported cot
| ton would be to let manufacturers get In a
cheap article and make goods OF q shoday
The previous question was seconded and
the conference report was disagreed to BY
yeas 67, nays 70.
Mr.. Allison moved for new committee
Mr.. Schenck moved that the new c.m.
mfttee of conference ON the part of the
house be instructed 10 adhere to the bill, as
he found thai the senate committee was
acting under instructions.
The speaker intimated that il was not par
Llamentary 10 instruct committee OF con.
ference. It was supposed to be free com.
mittee OF conference.
Mr. EcheDck withdrew the motion.
Mr.. Allison, of Iowa, Blaine, Of Maine,
and IIimble, Of Kentucky, were appointed
as such committee.
Frsm vyashIAston.
WAsHNepos, January %, sanate.-No
session.
House -To-day's session devoted entirely
to spread eagle speeches.
Sixty thousand dollars Of fractional cur
rency was sent to Charleston during the
week.
National bank circulation, ssss, 500, 00o.
Internal revenue receipts to-day $500 .Oo0i
for the week, s.. 500, COO for the year,
Sll2, $50, 600,
From Virginia.
RIeHMoxB, January 2s.-The hSh9as cor.
pus case before Judge Underwood, 70 test
the censtitnti0uaiisy OF tna reconatruclion
aess. aran to-lag adjourned over until Wed.
uaedsQ. ne oolHDaRdane Of she libby
exfson produced the pFisoheF, aEe lEa&e g