Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-01-27

and they are hereby repealed.
The Senate at 40 adjourned.
HOUSE.
Mr.. Harper presented a commune
cation from Mr.. PleasantOn, Commits
siOner of Internal Revenue, relating
to the income tax, which was referred
to the Committee on Ways and Means.
Mr.. PleasantOn's communication
says: 81 regard the tax as one, OF
all others, the most obnoxious to the
people, as being inquisitOrial in
its nature and dragging into public
view an exposition of the most pri-
vate pecuniary affairs Of citizens.
Such UnWillingness to exposure can
only be effected by ycompulsiOn through
the maintenance of the most expen-
sive machinery, and both the nature
Of the tax and the means necessarily u
employed in its enforcement appear
to be regarded by the better class OF
citizens with more and more disfav0r
from year to year. 1t is, furthermore,
most difficult to obtain exact state
ments, especially the large business
ramificatiOns, and where long
periods of tina are involved
in extended commercial affairs,
there is the same question as to its
cOnstitutionality. But as TO that, l
express no opinion. AS to the amount
derived from that source, it has,
under the legislation already had,
been greatly diminished. / am well
satisfied that the evils more than
cOunterbalance the benefits to be de-
rived from its longer retention, and
recOmmand its unconditional repeal"
In later communication from the
Commissioner, he estimates the loss
to the revenue, from the increased eX-
emptiOn of from one to two thousand
dollars, at 50, 1873, ,151, which would
leave but $16, ,739, ,539 as the revenue
under the five per cent. rate, and
IS, s69, ,794 as the aggregate revenue
under the tWO-and-a-half per cent.
rate. The tax on dividends and addi-
tional surplus funds of banks, railroad
companies, and other mOneyed corpO-
rations, under the reduced rate, he es-
Inmates at 81 ,985, ,443, which, added to
S., ,369, 794 would give, in round num-
bers, $l2,755,2 200 as approximate re-
ceipts from income under the act of
July IA, 1870, based on the average
returns of the last four years. He
the opinion, however, that
in consequence of the general prOstra-
ton in business, the gradual apprecia-
ton of money, paper currency, and
other causes, the actual receipts for
the coming year will fall Considera-
bly, short of that estimate, and he re-
news the recommendation for the en-
tire abolition of the income tax.
INCREASED CONGRESSIONAL REPRE-
sENTATION.
Mr.. LOughbridge introduced a bill
additional representation in
the FOrty-third Congress, as follows:
New Jersey, Pennsylvania, Georgia,
Texas, Wisconsin and Kansas, two
each; Missouri, Michigan and Iowa,
three each; Massachusetts, New York,
Virginia, North Carolina,
South Carolina, Alabama, Mississippi,
California and Minnesota, one each;
and Illinois four; such members to be
elected by general tickets. Referred.
FOR SOLDIERS AND
SAILORS,
The House then took up the bill
reported Tuesday, to enable hOnOra.
bly, discharged soldiers and sailors,
heir widows and orphan children to
acquire homesteads on public lands.
The fourth section of the bill author
zes the transfer by any pensiOner of
MS rights and privileges to benefits
,s a homestead settler, by his agent
lr attorney. The morning hour ex-
Dired and the bill went over till Tues
lay.
AGRICULTURAL COLLEGES.
Mr.. Arnold reported a bill for the
better security of the Agricultural
College funds, requiring the Secretary
If the Interior to ascertain the amount
# agricultural land scrip issued to
ZACH State, and the disposition made
hereof, and make a report thereon to
Congress at the commencement of
'ach regular session, and fOrbidding
my change in the investment of funds
o be made without the approval Of
he Secretary of the Interior. After
n explanation by Mr.. Arnold, the
ill passed.
INDIAN AFFAIRS.
The House at 1:4O went into Com
nittee of the Whole, Mr.. Wheeler in
he chair, and resumed the considera-
ion of the Indian appropriation bill,
which was discussed at much length
Without disposing of the bill, but hav-
ng reached the last paragraph the
rose.
Mr.. Logan presented a resolution
rom the Illinois Legislature In favor
t the appOrtiOnment of representa- |
ion in Congress, to apply to the forty
ecOnd Congress, and for the improve
aent Of the Wabash river.
THE DEATH OF SENATOR NORTON,
I Minnesota, was announced when !
ulOgies were pronounced on the life |
nd character of the deceased by |
lessrs. Wilson, Wilkinson and Nor |
an, after which, the House adj !
,urnnH