The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-07-10


| same. The resolution was adopted.
| kETIRiSG COMPOUND INTEREST NOTES.
provide for further issue of Temporary loan cert
Gates Tor the purpose Of redeemng and retiring the
remainder OF the outstanding compound interest
cheapest and most desirable loan possblethree per
cent Ia currency; reading favorable opinion from
| the Comptroller OF the Currency, who urged the
issue OF fifty instead Of twenty-five millions as au-
| thorized by the bill. a
Mr.. TRuMBuLL, trep.) of H., had not the facts and
hgures at hand on which his ObjecHOns are founded
| and therefore hoped the bill would go over. He
asked why seventy-hve to one hundred million dol
lars IN gold should be kept in the Treasury at the
same time interest at six per cent in gold should be
| PAID On bonds. II was bad policy TO borrow more
money instead OF nrst using that on hand to pay our
people TO leave millions In the control OF any one
| man, IL .ss-FlT .sEn 7ss =. ~ rs
MI SHERMAN, rep.) Of OHIO, said the bill proposed
10 substitute three per cent loan, payable in
rency for compound interest notes payable in gold
and thas lie had no doubt the system Of keeping gold
In the Treasury In the discretion Of the Secretary,
had prevented injurious fuctuatiOn but that ques-
ton had nothing 10 do with this bill.
Mr.. CAiTELL saw no reason for the pOstponement
Mr.. COLE rep.) Of CAL, pronounced the bill another
step towards increasing the interest.
Mr. FEssENDEN, rep of Me-, favored the bill He
are becoming due and 1t would be population TO let
them lie over due, while the substitution would be
favorable to the government.
Mr.. TRUMBULL thought it would be wiser to pay
our debts as they become due than to change them
postponement.
The bill was postponed.
:, OFFICERS ABSENT WITHOUT LEAVE.
Mr.. WILSON, (rep.) Of Mass, called up the joint
resolution 10 drop from the rolls OF the army certain
officers for absenting themselves from their COM
Mfr. JOHNSON, tdem.) Of Nd, asked why they con-
not be tried by court martial.
Mr.. WILSON replied that they cannot be found,
having probably deserted during the war, and that
'n 9 stand si,, I'm IN tne way Of promotion.
u
Mr. JOHNSON called up the bill for the relief Of the
Mount Vernon Ladies' Association; but at the sug.
geston OF Mr.. TRUMBULL, who said Mr. Howe was
absent and desired to discuss It, 1t went over.
THE TAX BILL.
The special order-the Tax bil-was again taken
The question was on Mr.. Pomeroy's amendment to
restore the So tax, which was rejected, as follows-
R RSs Ms9n Morrill, 81 Me- Nye Osborn P0meroy
Drake Ferry Fowler Fe.sendsn a9wsrd Hendricks John
sr
vickers Welsh, Williams, Wilson and Yates-S.
Mr.. MORTON, trep) Of Ind, moved to make the
Mr.. NyE, rep.) Of New, made some remarks in
favor fave OF continuing high tax insisting that the
want OF efficiency in the machinery OF collection.
If anything should be taxed heavily it should be an
Mr.. VAN WINKLE, (rep.) Of w. Va, after recount
ing some OF the influences OF the two dollar tax In
commission
great consideration which should impel them to re-
duce the tax should be the prayer Lead Us not into
temptation"
Mr.. NYE thought that men who would steal two
dollars would steal nifty cents. With an honest foun-
tain the stream would be pure. Recent developments
had shown that whenever the Executive s in trouble
he sounds the alarm to the whiskey ring, and they
hasten TO his rescue He hoped no compromise
would be made with them
MT. HOWARD, (rep) OF Mich, addressed the Senate
in opposition TO the amendment.
After further debate by Messrs, Morton, Wilson,
McCreery and Fowler the amendment was rejected
by the following vote
YRAs-Mcssrs. Cole, Edmunds, Howe, Harlan Morton,
Nye Osborn MGDonad. Pomeroy, Ross, Upton Wade, WI
NAEs-Me:srs Buclaew, catsen ConkIns Connes., era
&at vsisl s'' %sieS S %ss and s" w.t.
Mr.. Ferry, who would have voted nay, was paired
with Mr.. Patterson, who would have voted aye.
lieve petroleum and kindred substances from inter.
nal taxation, again urging its proprety. After a
few words OF opposition from Mr.. MORRILL,, OF Ver-
mont the amendment was agreed to by vote OF Is
to 10.
Mr.. HARLAN moved to amend by taxing whiskey
in bond after the passage Of this act dollars in
stead Of four dollars per BARREL saying that would
make 1t prOportionate TO the other tax.
Mr.. SIBERIAN said there was no difference now,
dollars a day.
Mr.. WILLIAMS, (rep.) Of oregon, made further ex
plapation, and the amendment was rejected.
Mr.. DAVIS offered an amendment striking out the
provision requiring warehouses TO be O part OF the
distiery, and substituting one simply requiring the
location to be approved by the Commissioner Of In
ternal Revenue.
Mr.. MCCREERY, (dem.) of KY, moved to strike out
is suspended Which was rejected He also moved to
insert proviso that snuff or smoking tobacco manu-
featured from tobacco stems shall pay tax OF five
cents per pound, which was rejected. He also
moved to insert after the section authorizing revenue
officers to break up any ground, fences or building
such officer fall to discover any he shall he response
BILE In civil action, which was adopted-yeas "a to
nays, as follows:-
conness, crssin bfase, Davis Ferrs POWER Henderson
HsnaTicls HoTsIa John.oI nGrssry, Mcpso.Id Morgan
srs SsS W.s .ys Twin s% nS sn ynk
NAYs-hesss Cameron, Cole, Edmunds Morton, Nye and
Mr.. JOHNSON called up the bill for the relief of the
Ladies' Mount Vernon Association, which was passed.
Mr.. DRAKE, trep.l OF Mo-, offered resolution
which was adopted calling upon the secretary Of
and occupation OF the Midway Islands
RESIGNATION OF SENATOR JOHNSON
trouble them with few words. He had committed
" writing what he desired to say, and would ask his
M VIcKERs then read the manuscript Of Mr. John.
Mr.. PREslpENI-May I be excused for arresttne fof
~e9s the q %Sss % S
accept pubic trust abroad committed to me by the
President, with the approval Of the Senate, am
%snsS Ss six yes SS0 and sssa
friendships which have been constant source Of
! pleasure and which I shall ever value, cannot
retire without the deepest regret during the period
OF my service q civil war Of unexamped magnitude
was waged threatening our national life, and since
its successful termination by arms the conse
quences OF the conflict have not wholly disappeared
In both periods questions OF the greatest importance
involving the powers OF the government and the re-
served rights of the States, have been discussed In
this chamber with solcitude to uphold the govern
ment In all its rightful authority and to restore the
entire country to lite wonted prosperity. In those
discussions have more or less, participated, and
although widely differing with q majority Of the
Senate, and supporting my opinion with earnestness
member that at all times, by every member was
treated with uniform courtesy, and I need
hardly say Mr.. President, that such courtesy
never iahed gladly TO reciprocate. In the
new Office of public duty to which am about to