The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-08-01
FROM THE NATIONAL CAPITAL.

| THE PRESIDENTS POSITION ON THE FUNDING
BlLL-oBJEonoNs TO TAX EXEMPTION.
The Washington correspondent Of the Balti-
more Sun writes under date Of July 90:
An impression prevails in some quarters that
| the President is yet considering whether he
| will sign the funding bill. By some it is sup
posed that MIR: johnson adopts the construc-
| ton of Mr.. Colfax and other Republican men,
bers OF Congress, namely, that the days Of the
ssrecess," that is, the days intervening between
| the adjournment OF last Monday and the con-
| vening OF Congress in September, are to be
| treated as dies non, and that, therefore, the
constitutional ten days after the passage Of the
Funding bill, for example, are suspended dur
| ing the recess, and commence to run again at
| the meeting Of Congress in September.
In answer To these speculatlons and sugges-
tons it may be stated, ss has been heretofore
mentioned in these dispatches, that the Presl-
dent positively refused to sign the Funding bill
| when it Was submitted to him before the .ad-
iournment Of Congress on Monday last; that
he is not considering whether he shall approve
the construction above set forth as to the
running OF the constitutional ten days, but
treats the adjournment as complete, so far
as it Affects bills submitted to him for his ap-
proval.
The President could not approve several
features Of the bill. he cannot agree that the
holder Of ten Thousand dollars in the bonds
Of the government shall be permitted to es-
cape taxation on his investment, whilst the
owner of farm or other property worth ten
thousand dollars shall be compelled to pay the
onerous State and government taxes assessed
on such property. =.
There is also an unjust discrimination in
favor of the bondholder In this, that be obtains
his bonds in some instances at less than their
nominal value, and yet receives full interest in
gold upon the full face value of the securities;
thus with the premium on gold added to the
nominal interest and the exemption from tax
alton, the bondholder, in fact, derives much
greater interest upon his investment than is
indicated or pretended on the face OF the
bonds.
These are understood to be some Of the OBJ
iections that the President would have made to
the Funding bill, under any circumstances, and
he would not have approved it.
OLD coNGREssMEN ASHAMED OF THE CARPET
BAGGERs.
The Washington correspondent Of the Bos-
ton Advertiser (Radlcal) writes:
The new Impeachment scheme brought for
ward in the House on Saturday resulted in o
lesson which some of the so-called carpet-bag-
gers may take to heart with great benefit to
the country and themselves. Mr.. Hamilton, OF
Florida, was ambitious to shine in the matter.
The Speaker had told him privately, over and
over again, that the subject could only be in
troduced when no other business was before the
House, but Mr.. Hamilton persisted in rising to
antagonize it with more important subjects, and
when he got the floor, instead Of presenting his
impeachment matter, he began to lecture the
Speaker, charging him with sighting both him
(Hamilton) and his proposition. The Speaker
thereupon administered to the half-fedged rep
rese. .tative rebuke that will not soon be for
gotten by any one in the chamber. Old men,
bers say that it was one OF the most severe ever
delivered from the chair, and as we'll merited
as it was severe. The impeachment was qui-
etly buried under the table OF the Judiciary
Committee.