New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-28
Last Spike in the Denver Pacific BEAD
PROCEEDINGS ON THE SUGAR TAX
SOUTHERN PACIFIC RAILROAD BILL PASSED
DOMESTIC AND FOREIGN MARKETS
WARRINGTON.

n ing 6alorles-AexleoA Claims Com
mittee.
WASHINGTON, June 27.-Internal revenue
receipts to-day over million and quarter.
The President withdrew Cornells nomina-
ton as Assistant Treasurer at New York.
An official treasury statement asserts that
the eQualizing bill, which recently passed
the House, involves one hundred and one
million of dollars.
The Star says the amount of gold Aved as
interest, which will be sold by the govern
ment next month, will reach near two mil
lion three hundred thousand dollars. This
is exclusive of the regular monthly sales of
Secretary Boutwell,.
william A. Richardson will relieve 6ecre-
tary Boutwell, during his summer trips.
Richardson has resigned, but his resignation
will not be accepted, pending the summer
recreations Of Boutwell,.
The Star also contains this statement:
"It is understood that orders will be
issued authorizing the assignment Of white
recruits to the ninth and tenth regiments Of
cavalry, now composed of colored troops.
The object Of this is to keep the regiments
up to the numerical standard. In view of
the constant demands upon this arm OF the
service, it is only with great difficulty that
colored recruits are obtained"
No Southern nominations to-day.
The executive has sent message Of condo
lence through Minister Motley to the British
Government on the death of Lord Clarendon.
The Mexican claims committee assembled
here to-day. DR.. Leiber, Of New York, &C
cepted the position of umpire.
HOuSe-The House was engaged nearly all
day on appropriations, mostly affecting the
District Of Columbia. The currency con-
ference committee reported substantially as
stated in Saturdays dispatches.
iSendte-Servile, otherwise Chinese labor
tkn nso1 Nd
Friday.
Night sessions question was opposed by
many Senators. on account OF their feeble
ness.
The Secretary of the Treasury was re-
quested to communicate any information
he possesses regarding captured and aoan-
doned property.
The tax bill was then resumed.
The income tax was resumed. An amend
ment taxing salaries was adopted. A
motion to continue the present sugar tariff,
and tax on gross sales was defeated.
Without definite action on the bill the
Senate adjourned.
The Senate is in session tonight consider
ing the Southern Pacific railroad bill.
The Southern Pacific Railroad bill passed,
goes to the House for concurrence.
The following Senate proceedings regard
ing sugar with some collateral taxes follow
cutie full. Mr.. Sherman, chairman OF the
finance committee. stated the result OF the
committees consultation in regard to the
bill, that they had agreed to let all the In
come taxes 90 in accordance with the vote
of the Senate on Friday, by striking out
personal income tax.
To make up for that loss of revenue they
proposed to continue the tax on sugar as 1t
is now, and also the tax on gross receipts.
He said the House proposition for classifi.
cation ofthe tax on sugars had been objected
to by the business men throughout the
country, and the Senate Committees class
ification had encountered equally strong op-
position.
The remaining sections of the bill would
clear up antiquities in reference to the spe'
cial tax On dividends of corporations, such
as insurance companies, and relative TO the
Shakers and other religious societies.
Instead of striking out the tariff part of
the bill, and leaving the whole subject to
the determination of q committee Of con-
ference, he suggested that the Senate should
proceed under the five minute rule Of debate
to act upon each section separately.
MIR. Howe made an argument for retain
| ing the. income tax.
Mr.. Sherman suggested that the ques.
ton had been decided. He hoped that the
vote of the Senate would be changed.
Mr.. Drake thought there was reason to
hope that the vote would be changed.
Mr.. Howe continued his remarks. The
| income tax sections were then stricken out
| without division. After much unimportant
business the tariff sections Of tax bill were
again reached.
MIR. Sherman endeavored to withdraw the
| amendments reducing the duties on sugar
| according to the Senate Committees classi'
| fcation, so as to allow the rate to remain az
| under existing laws. Mr.. Hamlin objected
to the withdrawal of the section, and asked
to have vote upon it. He argued in favor
of reducing the duty on sugar, believing
the receipts of next year would exceed
those of the preceding year, while the sur
plus in the treasury could be drawn upon II
| necessary. Mr.. Sherman opposed the re
| duction upon the ground that the estl.
mated receipts from the revenue would moi
warrant it. He believed that increased ex
penditures would keep pace with any In
creased receipts.
| Mr.. Kellogg favored retaining the presen,
rates on sugar, and opposed the tax OF
three and a half cents on Clarified sugar
which included the fine sugars OF Louisiana
as striking directly at the interests OF pro-
ducers of that State in favor OF the renner;
Mr.. Bayard hoped that in this case. and all
| others. the present duties on imports migh'
he retained. believing that any change II
| the tariff should be in furtherance of 8
comprehensive system of alteration:
| MIR. Yates was IN favor OF aDOnsnlDS al
taxes on the prime necessities OF life.sugar
tea and coffee. He advocated tariff for pro
lection as we'll as revenue.
Mr.. Morton, referring to the continuance
of the present rates on sugar as necessary Il
make up the loss of revenue by repeal O.
the income tax, said he would never sgHe'
| to transfer the burden Of the income ta1
from the rich to the poor. He favored |
gradual reformation of the tariff, and argue'
that the Democrats in Congress had favore'
the highest duties on articles not produces
in the country, so that the lowest might g
upon those that were produced here, in com
] petition with foreign nations, thus denyin
4 all profession. -
4 Further remarks were made BY A. q
Thurman, in favor Of . general reduction Q
taxation. and that the duty on sugar woui
compel the people to pay bounty to a fe'
sugar refneries in the United States, tbs
4 they might make fortunes. Sherman y