The New York herald., 1870-06-16
HOUSE OF REPRESENTATIVES,.
y NJ -: ? 81 Z,
--' WASHINGTON lime 15 1877
THE TAX ON COAL.

HOUSE OF REPRESENTATIVES,.
-'- WAsniNGros. June Is, 1870.
THE TAX ON COAL.
Mr.. MAYNARD, trep.) OF Tenn. from the Committee
Of Ways and Means, reported the bill to relieve coal
from all taxation, and moved its reference to the
Committee Of the Whole.
Mr.. HOOPER, rep.) Of Mass, made minority re.
port and moved tie same reference.
The bill was read. 1t provides that there shall not
be collected any duty whatever on any coal imported
into the United States after the 3lst of December 1870
nor shall there be required any nternalrevenue stamp
on any receipt manifest, charter party conveyance,
lease, contract, or other instrument Of which coal
forms the exclusive chief subject Of considerations
nor shall any enumeration be made in taxing gross
receipts from the transportation or conveyance
OF coal; nor shall any spec III tax be i'm
posed on any vehicle or vessel, by land or water,
employed exclusively or cnieay III carrying coal;
nor snail any tonnage duty be imposed upon or
exacted from such vessels nor shall sales OF by
aucloneers or Others be Included in The estimate OF
of coal or from dealing therein be included In
putting incomes lor taxation; nor shall any other
tax be imposed on coal or traffic In it.
The minority report, which s signed by Messrs.
Hooper, Allison, Brooks and Marshal, states that
there were two members absent when the matter
with the bill as reported by the majority and, there
fore, proposed substitute: and that If all the men,
bers Of the committee had been present the minority
bill would have been adopted.
The substitute provides that ON and after the 1st
OF September, 1870, bituminous and other coal i'm
ported into the United States shall be admitted free
OF duty.
Mr. DIckEY crep.) Of Pa, objected to the minority
Mr. scnENoK, Tep.l of Ohio, Chairman Of the Com
mttee OF Ways ana Means, asked and obtained per.
instructing tho committee on. the subject had been
adopted on Monday the 9TH: He had proceeded
Academy his SssiS haa BEEN that he ,e commtes
should obey the order OF the House at the earliest
practicable moment, and reportsyacksa btl In con.
formity with what he understood to be that order.
The resolution waas, "Tnat the Committee OF Ways
and Means Is hereby instructed at the earliest mo.
on coaiS The succeeding Words $50 as to secure
that important article of fuel to the people free from
all taxation" he regarded as simply construction
OF inference from the ORDER and not precisely sus-
tained by It, lie had himself prepared a bill and
submitted u to the committee placing coal on the
he should, as matter OF course, have voted for that
or Its equivalent. He wished 1t TO he un derstood
now that ne conquered In o2inlon with the min orty
After further discussion the bill was recommitted
to the Committee OF Ways and Means.
THE CURRENCY BILL.
The House then proceeded to vote on the Currency
bill and amendments.
The amssdments offered by Messrs. Ingersol,
Lynch and Smith Of Oregon were severally rejected.
Mr. GARFIELD, trep.) Of Ohio, proceeded to STATE
the effect of the substitute offered by him and OF the
amendment appended thereto.
Mr.. Cox, (dem.) Of N. Y, asked him whether he
believed that by this legislation there was any step
taken towards the resumption OF specie pQymentY
MI. GARFIELD feared not.
MI. Cox-Tnen 1t Is retroprade movement. Why
does not the chairman OF the Banking Committee
stand by the recommendation Of the President, VINO
said that return to specie payment should be COM
menced now and reached at the earliest practicable
moment? All the values OF the country are depend
ing on these fluctuations. Why does not the Chair
man come forward and apply the heroic remedy9
Mr.. GARFIELD remlgded Mr.. Cox that she demo.
amendments proposing an expansion OF paper cur
rency The gentleman himself had voted for an Issue
dollars.
MI. RANDALL, (dem.) Of Pa.-Not an issue, but a
substitution.
Mr.. misunderstanding to the gentleman's own
account that would be an imitation Of the whole
volume Of the currency by at least twenty NIL
Mr.. Cox said that he had voted that way on pro-
position as between national banks and greenbacks
but even If he had done wrong that was no excuse
for the gentleman fr0m ONO, who sh0ud come up
and do his duty.
Mr.. soHENoK expressed his qualification that the
| bill had assumed, II modified as proposed, such u
form to meet two or three OF the public demands
Its section as to coin notes was inthe direction Of
return to specie payment, and he was satisfied with
| that portion OF the bill.
| Mr. CoBURN notified him that that portion Of the
| bil mad been struck out.
Mr. SoHENCK said If that were so 1t removed one of
his reasons for supporting the bill. He would sup
port 1t, however. for It's features in equazing dstr
! button. In conclusion, he expressed the hope that
adopted, saying that If so he would support the b
He congratulated The country thai, III passing the
for more equal distribution OF banking circulation
and banking facilities, without thereby contracting
| the currency.
Mr.. HoTcnKIss rep.) of N. Y, moved the adoption
OF Mr. judas amendment, and pr0iesscd his wiling
ness then to vote for the bill.
The question was taken on Mr.. Judd's amendment
and 1t was agreed TO without the yeas and nays.
The question was next taken on Mr. Allison's
amendment which was " add to the last section the
following wOrds:-
from and after the passage Of this act shall be un
lawful for any national bank association 70 pay interest on
deposits received from and deposited by any national
include in Its lawful money any deposits on
which interest is received or paid.
The amendment was rejected-yeas CO. nays o.
The next amendment was that offered by Mr.
Burchard requiring national banking associations to
retain and Keep In coin or Treasury coin certn-
Gates, as part OF tner reserve the interest falling due
upon their ponds deposited as security for clrcula-
on, until the reserve required to be kept shall con-
sst wholly Oh coin and coin certificates. Rejected.
The next amendment was that offered by Mr. Co.
burn authorizing the issue OF fortyfour millions of
greenbacks with which to redeem the three per
cent temporary loan certificates. Rejected-yeas 49,
nays 30.
Mr. Cox then moved to lay the bill on the table.
Negatived, So to 81.
The next question was on inserting the substitute
for the Senate Dill, and 1t was agreed to.
Mr. iNGERsoLL, lrep. Of H., renewed the motion
to lay the bill on the table. Rejected
The question them came on the passage Of the bill
as amended. The bill was passed-yeas W, nays 81,
as lolows:--
Allison, Conger Lash, Pomeroy
Amber CowIes, Lawrence. Rogers
Armstrong, Cuiom, Logan, Roots,
Aswocd, Dsy Dssey, Mecormlssi, McSsi shanss auusask'
Bailey, Dockery, McCrary, sheldon La.
Beaman Duval, Mckee. smyhe Iowa.
Beatty, Dyer Mckenzie, stokes,d
ssnect, rinEenburs, Mines, siflcEIand
Bingham, Garfield, Moore, ohio Taac,
booker, Hamilton, Fla, Moore NJ. Tyner,
Buck, Hawkins Newshasn van Horn
Buckiay. Havlev. Ortb. Vnn Me-