New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-07-20

Governor OF South Carolina transmitting JOINT resou
tOn OF the Legislature OF that State rayng the fOur
teenth Amendment Of the Constitution.
NO TARIFF BILL THIS SESSION
ton with the friends and especially the Committee of
Ways and Means this morning II had been concluded
the business before the House. and 1t very
certain that the Tariff bill If 1t passed the House, could
not mass the Senate this session. He had consulted
within the last three days. members Of the Finance
Committee OF the Senate and satisfied that even II
the House passed the bill the Senate would not take 10 up
and act upon IT, The tariff have TO feel very
grateful to the House for the strong support which the
measure had received every time there had been test
vote. He therefore felt Wiling that it should remain
Ill next session and he desired the Speaker TO state what
bicd
The SPEAKER replied that the Tariff bill was the
unfinished business in the Committee of the Whole on the
State Of the Union and that VIXEN the House went into
Committee at the commencement OF the next session.
would be the first business IN order.
Mr.. ALLISON (Rep., Iowa. reported a bill authorizing
the Collectors Of Internal Revenue to put the requisite
dent had not been sufficiently stamped at the time OF
their execution, and to remit tho penalties The bill was
Tho House went into Committee of the Whole, Mr.
PomerOy III the Chair on
THE FUNDING BILL.
The amendments reported by the Committee OF Ways
and Means to Section a, which were merely verbal were
Mr. RANDALL Dem. Penny offered the following as q
now section, which was agreed to; .,,,,.
act Fl sIcS1ng or sales e. The SOGs S tho 3, United Ss
roP VI any s E er1ns"ss Sj S1STs Of the ss"Iy re
interest 10 do so.
The next amendment was that reported by the Com
mittee of Ways and Means section to follow
ton four in reference to the tax income from bonds
fhe section reported by the Committee OH ways ana
Means then agreed 20.
Mr.. LOGAN Qep., III offered an amendment as adj
ditiOnal section, which was agreed TO, as follows:
further That amer the passage Of this act all
Sc "osT py s to ps g0 stated SG1S S 3, s d
emne: provided nothing herein snail prevent the
change Of registered bonds for coupon bonds the issue as subsidy
to railroad companies provided by law
mo ia md SIll
Butler, Pike, Schenck, Lynch Maynard, Ross ingeIsOl
Nblack, Brooma, Kelsey and Hunter but wnlch a''er
The question was then taken on the substitute oere
yesterday by Mr. Boutwell, providing for two classes oi
bonds-one at five per cent for citizens Of the United
States and one at four per cent payable In tue Unleu
States or at London, Frankfort or Paris.
The vote was taken by teers, and resuted-Ayes, So
Nays, Co. so the substitute was rejected 80,
Tho Committee then rose and reported the bill and
amendments to the House.
MIR, sCHENCK lRep, Ohio moved the previous ques
Mr. BOUTWELL,. rep Mass hoped that the House
would not second the previous question, so he might
offer his substitute and have vote on 1t by Yeas ana
The House refused to second the previous question
MIR. BOUTWELL, then offered his substitute
The substitute and The bill as depGr t PACK dTS e e
vote to be taken on Monday. ,.,,., MI,
Be d That the Secretary Of Treasury hereby authorized
coupon registered bonds Of the Une states 10 such or o.
that coin the pleasure Of the United States AFTER
's 1 al Sf1 @SfS. S cea@ per- saa Which aid
thereon AMI the hereiom shan be exempt
from payment Of all tue 70 The United States a. e az
from taxation any form under state municipal o local auhoy
and the shall be exclusively used Tor
the redemption payment the option Of The holder or purchase or
exchange equal Of Of the present Interest caring dtht
United than tie three ceniun ceithca ah1
debts past due maturing before The end Il he present hai y shu
av ssue aggregate sufficient the pm
all outstanding existing Obligations as limited beien anu no
SEC 6nd be 6r,r praeted That hereby appropriated
81 duties derived om imported goods le sun oi 3l oO
annually during each fiscal year shall be applied 20 The pay
meut Of The Che reduction Of The principal o. The pbe
debt reduction s be In lieu Of the sinking fund provided b
the fnh entitled An act to authorize e issue OF
United and M the redemption funding thereof and Tor
funding floating debt Of tic United States approved Feb 25 1907
AHd be itcr enacted That fran aud after toe passage 81
this deduction per ceuagc, commission compensation OF Ah
kind shall he ALLOW Tor The safe LeOuuon or
exchange Of bonds United 81
or bullion disposed Treasury Department elsewhere
account Of the United States and parts Authorizing
other than officer m bis department 70
bonds securities hereby repeated
SIC Grfer enacted That after the passage Of hs set att
exchange purchases o. tie bonds Of the United Saie5 shs be
inviting compi00 Of the public by Advertising r pro
posals exchanges sales purchases Which shall he
highest bidder bidders the Secretary Of the Treasury
reng the right reject such bids should be deem 10 the pubc
SIC Isibs yrer eacid That heresNr the any IN
other interest bearing securities 81 the
those authorized By tie frat seetisn % tbs a
payable person state. nuripa bdy polite corporate
shall lie assessed collected BY tie ITasur
Disturbing officer Of the United states charged Sh Paying
aid interest collection shall be made Ny deduction Of
the tax from the coupons OF Interest due al e TINE OF
payment ~ such interest. ,--- ,
authority under existing law to Issue bonds OF interest
bearing Treasury obligations Of the United stes shan cease
aud determine provided nothing herein shall prevent The conversion Of
bonds bonds the issue as subsidy 70 railroad CON
I psnes as provided By law