New-York tribune., 1873-02-15
THEN.Y. STOCK EXCHANGE.
cs.,,..sd from First Page.

up in this connection A. In Mr. Kelleys bill there was
proposition that the returns should be made every six
months instead OF monthly
O. Returns OF whati A. Returns OF caphal ana
deposits belonging TO banks and bapkers.
O. DO understand you to say that any particular
provision OF the Tariff proper was mentioned between
you and Mr.. Basseui A. No, Sir l do not know that
there
O. You say that this proposition which refers TO the
bank matter wasi A. No, Sir do not know what pos
sble benefit he expected TO confer except 10 gave su
vice; the only request had made 70 him was TO see
Duelps bll-a bill that relates to banks and bankers
BY the Chairman-YOu knew, then, that no was inc
clerk OF the Committee who had charge Of ITS files before
you went out into the obbyi A. No. Sir had had tnS
conversation with Capt. Mares before came 10 here
@ Then it was after he made this proposition TO you
in the lobby that you into tho Committee room
A. Yes Sir: 1t afterward. told you the PROPOSE
ton as accurately as possibly could 1t Is something
that thought nothing of, aud paid no attention TO-
THE PROVISION REFERRED TO IN CoLGATE's REPORT.
O. see in your report that you say that this propOsi-
ton finally agreed upon and brought into the House
by Mr.. Dawes the Chairman of the Committed A.
think said it was in the bill known Kelleys Tariff
BILL" which WAS introduced into the House by Mr..
Dawes, Chairman of the Ways and Means Committee,
and by them sent TO Committee OF Conference
@. Here is tho bill introduced Will yon point out
the proposition referred tot A. II you will read the
report again. you will find that say the bill introduced
by Mr. Dawes did contain that proposition.
@. Here Is the bill which finally passed the House
VIII you point out the provision in that bill think
can find the provision referred to in that. think
you introduced this into the House, did you not THIS
is the paragraph TO which refer:
Section a. That the imposed by Section llG of
the act entitled An act TO provide Internal revenue 10
support the Government, to pay interest the public
debt, and for other purposes" approved June 30,
1864, as amended by Section OF the act OF July
l3 1866 to reduce internal taxation ana 10
amend the act aforesaid and acts amendatory
thereof-upon the deposits capital &C., ana circulation
rations engaged In the business OF banking shall here
after be paid semiannualy on the first day OF January
and the first Of July but the same shall be calculated
the per month prescribed by said section so that
the for six months shall not be less than the agge
gate would be IL the said taxes were collected monthly
as proposed by said section, and the exemption fom
tax authorized by said secon OF deposits OF less than
$500 made in the name or one person III associaOs o
companies known as provldent Institutions savlnSs
banks, savings funds, savings institutions Is hereby
extended 10 deposits 80 made OF not exceeding SOo
O. DO understand you to state that you had inter-
view with me- you assened to the form OF the prop
ostion; that introduced it into the House. and that
aterward IL was passed through the H0usei A. tblhk
you are mistaken about that said Mr.. Fenron intro
duced 1t into the Committee Finances my report Will
show that readng from the reportp
BY Mr.. Maynard-DO you mean to state that the bill
was introduced into the House by Mr. Dawes that he
brought it before the House it came from the Senate
4 t II X9g VII s2T I 6 g goy read IRON Tue report IL Will
This not being necessarily very Objectionable 70 the
interest Of the people whom represented was agreed
TO by me as beng satisfactory, and addedto the
bin known as Kelley's Tariff b and was introduced
the House by Mr. Dawes, the Chairman OF the Commit
tee OF Ways and Means ana was by tnst DOdy SEM 10
finally agreed TO by such Comnittee passed the House
and became law the 9th day OF June, ana To go
into effect the 1st OF August, 1872 as IL Is last men-
toned above.
BY the Charmau-Do you say that introduced that
into the House A. There il probably mistake about
that: the amendment written and handed to Mr.
IL in tI,oS
BY Mr.. Roberts-Did you appear before this Commit
tee at all year ago A. Never; made my debut here
o. Did YOUR counsel appear before this Committee last
Springi A. No. sir; never until about week
BY Mr. Burchard-Dd you have any interview with
ANY op 9 W @ o who me the per-
TO talk to upon the subject was Mr Dawes:
q. Or with Mr.. Kelley a. did not. .-,
By Mr. Maynard under .tand that 10 you n took no in.
and the minority bills, introduced IN the House,
tO action in regard TO II A. No. Sir state
FULLY in regard TO that in my report.
OF It been taken to You knowledge A. It has never
been printed had fair copy made for tue New.York
y and any Other copy has been TAKEN
has been obtained from the stock Exchange ana not
o. was the proposition made by Mr.. Bassett before
you came into the Committee room or afterwards A
think 1t before but am not positive enough 20
swear 10 that 1t was thlnS that TOOK place year ago.
my memory reasonably good but would not like TO
swear to every little detail like that; think 1t was
O. You say you spoke Immediately to Capt Mares. and
after that do you think You came into this Committee
rOomf think came in after that and got copy OF
the bill some little time, remember, was occupied III
O. Before the proposition was made, did you explain
TO him what your business was. or that you had any
to hm that represented the NewYOrk Stock Exchange
no asked said to him that represented them fully
here representing committee of that Board consult
with the Commissioners OF Internal Revenue, and that
BY Mr.. Beck-Not having appeared before the Com
mttee Ways and Means, last SPRING and not having
with OF the members relative to your
business tell us now how you made your business
knOwni A. stated that had conversation with Mr.
James Brooks on the subject.
O Aud told him the nature Of your BUSINESS A.
O. Which you did not doi A. Which did not do.
member Of the Committee Ways aud Means Z A. L
would not like to say one way or the other; know
know who all the members of the Committee on Ways
O. We are ali here now except Mr.. Brooksl A. Then
l never spoke 70 one OF them.
O. What members OF the Finance Committee OF the
Senate did you speak to A. spoke to Mr. Sherman
@ What person appeared before that Committee for
that purpose A. No one that know Of.
Q. Who drew the amendment that was put in A. Mr.
Wood.
NO. q DID ne appear before the FINANCE '0on'e'' A.
q Who did he present the amendment tot A. Reuben
O. 1t was put In by your attorney. Mr. Wood, and
handed to Mr.. Fenton A. l said that IL had been
changed from time 10 time.
O. Was that the only matter OF legislation you had
acting in behalf OF the Stock Brokers Board In New
York; A. Yes Sir the only legislation that had in
their behalf or in behalf OF anybody else.
Q. And you simply confined your action in regard to
that to speaking TO Mr. Brooks who referred you
Chairman of this Committee, aud you did not the
Chairman and did not appear before the Committee by
yourself or by counsei A. There was q printed argu
ment presented to the Chairman OF this Committee and
TO Chairman Of the Finance Committee OF the Senate
and to nearly every member of the House.
O. That was the extent OF the work done In regard 10
that matter A. Yes. Sir except that there series
OF arguments before the Commissioner OF Internal
Revenue.
O. mean at this end Of the avenue. A have stated