The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-06-14


plethora a OF money in New York and scarcity in
Finally the question was taken an tho or,sra,,sn,
offered by Mr.. Price, repJ OF Iowa last night as
| modified to reduce tax on Circulation from one
per cent per month"; or from two to one Der cent Der
annum.
On vote by tsllers there were 81 voting in the
Affirmative and 81 In the negative The Chairman
voted In the affirmative, and the amendment was
| Nj. SCHENcK, (rep.) OF Ohio, moved to Add N tho
section tax Of Onequarter OF one per centum each
month Of the average amount OF public moneys in
their possession to the credit OF the Treasury or OF
any disbursing o1icer Of the United States, which
Mr. RANDALL moved to add to the section nro.
under this bill shall be deposited In national bank
In any city or place where treasurer or assistant
treasurer OF the United states Is located which was
Mr. MAYNARD (rep.) Of Tenn, moved to amend the
| twenty-rourth to one-twefth OF one per cent per
month, or from one-haf to one per cent per annum,
Mr. BLAINE, (rep) of Me- moved to strike out the
provso exempttng savings banks from taxation on
their deposits. which was rejected.
section by taxing United States bonds owned by
banks two per cent per annum, which was rejected
20 TO 10.
Thesection amended imposes tax of one.twelfth
OF one per cent each month upon the average amount
,e deposits OF money other than public moneys
per cent each month on the average amount OF pub
lie moneys on deposit; tax Of one-twenty fourth Of
one per cent per month on the capital beyond the
average amount invested in United States bonds,
and tax OF onetwelfth Of one per cent the aver
Section ia which taxes State banks ten per cent
on their circulation, on being read, Mr.. MoRRELL,
lrep.) OF Pa. moved an amendment providing that
the section shall not apply banks that are in qui-
dalton and which have not issued notes for circula
Mr.. PETERS, (rep) OF Me-, moved to postpone the
operation OF the section until the LIST OF June 1870
After arguments . by Messrs Peters and Pike in
siti0n the motion was rejected
Mr. PETERS moved TO reduce the tax from ten per
cent to one per cent which was rejected.
Mr. TRIMBLE moved substitute to tax the ma
tiQnal and the State banks alike, which was re.
Mr.. HUBBARD, (rep) OF W. Va, offered new sec.
ton to tax United States interest bearing bonds,
whether held by any person, bank, association, COM
Mr.. HOLMAN proposed a substitute for 1t. taxing
United States bonds one and half per cent per
mum, which was rejected-25 to n.
Mr.. HUBBARD asked leave to withdraw his amend
ment IN order that he might change its verbage.
Mr.. HOLMAN objected.
The proposition was rejected.
Section lis, taxing brokers' sales, not amended.
Section lie, which levies tax on the and pos
session OF certain articles, having been read Mr..
ROBINSON (deml Of N. Y, moved to strike out the
first paragraph OF the section providing for tax
carriages gold watches, musical Instruments billiard
tables, gold and silver plate, &c. He expressed his
conviction that the bill would never pass, and that
he gave notice that he would move to strike out
each paragraph as 1t was read.
Mr.. SCHENCK-The gentleman from New York ex-
presses very strong opinions about this bill. IL
attached more importance to what he said it would
hurt the feelings OF the committee considerably, but
as 1t Is we are not very much discouraged We have
had thus far nothing but opposition from the gentle
man. Being an tcOnOmizer OF time and unwilling to
run the session into the dog days he proposes not to
cOnne himself to voting against the bill, but to move
to strike out each section and paragraph and in that
way kick the bill to death as BY grasshoppers That
ceedingly that the gentleman, democrat as he has
turned to be, should reserve himself till had
reached proposition to tax gold Watches carriages
and plate.
Mr.. RoBINsoN-I call the gentleman to order. He
is not respectful towards another member OF this
body by saying that he has turned while he himself
is well known to have turned.
Mr.. SCHENCK-The gentleman and / used to be
wings.
Mr.. RoBINsoN-Yes; and the gentleman has got
MI S0HENCK-But as the gentleman thinks 1t is
wrong for me to say that he has turned democrat,
l win relieve him by showing what kind OF demo.
taxation gold watches and plate and carriages
Mr.. ROBINsoN-lt Is out OF compliment to the other
the trouble Of having their chests and drawers hunted
| for plate.
moves to strike out paragraph taxing luXuries and
| is thus proving his democracy. Hope the motion
win not prevail.
The CHAIRMAN was proceeding to put the question
| when Mr.. ROBINSON addressed him.
The CHAIRMAN said that no further debate was In
order, that he would be glad to extend courtesy to
the gentleman, but that the question must now be
Mr.. ROBINSON said he did not ask for courtesy he
The CHAiRMAN-The right is to enforce the rules.
| Mr. RoBINsoN-I rise to propose parliamentary
question, which the Chair will rule to be n'order
Seeing that my friend from Ohio, who was formerly
the CHAIRMAN interrupted the remarks of Mr.
Robinson and put the question on the motion to
strike out the paragraph which he declared lost.
Mr.. Robinson all this time trying to be heard
while the Chairman was hammering with his gave
and members were calling to order.
The CHAIRMAN directed the Clerk to proceed with
the reading OF the bill.
said he had risen to withdraw the proposition, and
that he had never In this House seen o man bawled
down when he rose to do such thing.
The CHAIRMAN explained that he had interrupted
the vote to hear the gentemans parliamentary ques
tion and that instead Of stating It the gentleman had
begun to renew the controversy with the gentleman
from Ohio whereupOn the Chair had gone on to put
the question, as he always would do.
Mr. ROBINSON asked leave to say three words; but
there were loud calls to order and he sat down.
The next paragraph having been n, read Mr. ROBIN
denied the privilege Of saying three words he Should
move to strike out each paragraph.
On vote by tellers there were only six voting to
strike out the paragraph.
Mr.. ROBINSON moved to strike out the next para
graph; but while the vote was being taken he rose
but he would not revenge himself on the House; he
would, therefore, withdraw the motion.
carriages, Watches plate, &C. except to limit the tax
on pianos, organs, harps, &C. to instruments valued
al over $500 and the section was transposed to
place IL bef0r0 section ninety-seven, relating to
stamps.
No amendment was made to section III, relating
to passports.
Section lis, taxing insurance companies having
been read, Mr. JUDD, tep.l Of ILL.,, moved to amend
by making the tax OF one and one-half per cent apply
to the net profits instead OF the gross receipts. Re-
jected.
Mr.. STEWART (dem.) of N. Y, moved to extend the
tax TO life insurance companies. Agreed TO.
Mr.. GRIswoLD, trep.) OF N. T., moved to strike out
the tax OF three per cent on the gross receipts OF the
agencies Of foreign insurance companies. Rejected.
Mr.. PETERS moved an additional section, imposing
tax Of two per cent on the gross receipts Of safe
deposit companies. Agreed to.
Section 119, taxing transportation companies, hav-
ing been read, Mr.. TwfTCHELI, rep.) OF Mass moved
to reduce the tax on gross receipts from two and
half to two per cent.
After discussion the amendment was agreed to-
Mr.. CORNELL (rep) OF N. Y, moved to amend by
makingV e tax on steamboats,, &C., be in lieu Of all
tonnage tax. Rejected.
Mr.. CoBuRN, (rep.) ofInd., moved to amend by ex-
empting from the tax horse railroad companies in
cities and towns OF less than seventynve thousand
population where their gross receipts for the preced-