The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-12
uon-yeas III, nays 10. 30 the bill was again lef
open to amendment and discussion.
ME- BECKis ELL.

oon-yoa0 ia, nays IN. 30 the oil was again lev
open to amendment and discussion.
Nh. BECK's Ella.
Mr.. BEcK. (dem.) OF KY, then moved as a substi-
tute for the bin bill introduced by himself on the
sOth OF March authorizing the issue Of 0oo 600
OF legal tender notes, the retirement Of national
bank notes and the substitution therefor OF Treas
ury notes and S.65 per cent convertible bonds.
Several propositions were made TO amend Mr..
MI Cox, OF New York, raised the point OF order
that members interested IN national bank stock.
which one OF the sections OF Mr.. Beck's bill pro-
poses tax, had no right TO vote on the question.
He owned bank STOCK himself.
The SPEAKER overruled the point OF order. II
was question that had been frequently and uni
fOrmly decided. the interest contemplated IN the
rule was special and private one not one that was
only involved in d question OF general interest. II
the gentleman from New York mad CONSCIENTIOUS
scruples about voting the House would not compel
Mr.. HUNTER, rep.J OF Ind, moved two addl-
tional sections to Mr.. Beck's BILL one prohibiting
usury by banks and the other permitting the taxa
ton Of legal tender notes and bank notes like other
property.
abolisning ali limitation OF crcuat on and estab-
fishing free banking
Mr.. RICE, rep) OF H., asked the Speaker
whether motion to postpone the whole subject
was in order.
The SPEAKER said it would be II the gentleman
from Illinois had the nOor to make IL.
Mr. RICF-'I wish had.n (laughterJ
M BuhcHAKD lrep) OF M, made the point OF
order that one section, the thirteenth, providing
Tor the payment OF onehalf of import duties in
legal tender notes must first be considered in Com
mlttee OF the Whole. The Speaker sustained the
was not german to the original bill, which was a
currency bill 1t would change the customs laws
on every important article OF commerce.
Mr. BECK then offered his SUBS tltute, with the
thirteenth section stricken out.
MI. KELLOGG. trep) OF Conn.,, made another point
OF order ON the eighth section, taxing bank notes
three per cent.
The SPEAKER overruled that point OF order on
the ground that that section was german to the
Dill and might nave been O0ereQ an amends
ment.
Mr.. BECK then moved the previous question on
the amendments. Seconded-94 to rs.
The drst vote was taken on an amendment
oneled BY Mr. Coburn rep OF Indiana, limiting a6
with $50, DOC, 900 Tor reserve. 1t was rejected
without the yeas and nays.
The next vote was on Mr.. Hunters amend
ment, and that was rejected without the yeas and
nays.
The next vote was on Mr. Packers amendment
in the nature of q substitute for Mr.. Beck's bill,
ab0lishing the limitations on currency and estab-
fishing free banking.
be carried-S5 to 49, The vote was then taken BY
yeas and nays
The vote resulted in-Yeas IT. nays l49; so the
amendment was rejected.
The question then required on Mr.. Becks substi-
tute Judging by the sound, 1t was badly defeated.
The vote was then taken by yeas and nays.
BECK'S MEASURE REJECTED.
The vote resulted in-Yeas IS, nays 1874 so the
Pending the vote MIR. SpEER (dem.) OF Pa, made
the point OF order that Mr.. Poland, (rep.) OF VI,
n and e.
banks hadr light to vote on bin which imposed
IN Tax sss on mega ga banks They mad already voted
Mr.. COX, York, had something to say on
the same me SUD and and wanted the question decided.
Mr.. BUrL, :, rep.) of Mass, wanted to know
whether the humber Of members interested oper-
ated to take the individual out OF the rule:
Mr.. H. h. H0AR, (rep) OF Mass, wanted to know
how the case was different from the lax on gold
watches and silver plate
Mr. ar hnCc khntx
member OF the House belonged to class of the
community which might be affected by the legisla.
vote. The holder of bank stock was no more in
terested in this question than the holder OF stock
IN manufacturing company was Interested IN
question which imposed duty on foreign manu-
1actures
Mr.. Cox remarked that he had been almost uni
fOrmly alone among the various members inter-
ested In banks In voting to tax such stock. He
made no claim of dIsinterested public service, but
he had submitted himself to an AMIGA BILE case for de-
termination. There were some eighty members In
terested IN banks who voted differently from him.
The SPEAKER, in an elaborate decision. over.
ruled the point OF order and an appeal being
TAKEN the decision was ratified by the House. only
nine members voting against 1t.
THE SENATE BILL OFFERED
Mr.. BUTLER, Of Massachusetts, then moved the
OH e sqStsHte for the House bill
that, alter the LIST cI September 1874 nothing but
gold and silver coin or the United States shall be
legal tenQerGAnd that alter that date United
states nO1e8zSRny be exchanged tor bonds bearing
four 8nd half per cent interest, redeemable after
ten years and payable thirty years after date.
Mr.. FOSTER. (rep.l OF OniO moved an amend
ment that IN case Of any increase OF national bank
circulation beyond 1854 o,ooo legal tender notes
to the extent OF rs per cent OF such increase snail
be retired and cancelled until the outstanding
and unpaid legal tender notes shall be reduced to
$500 900, 900.
Mr.. WILSON, (rep.) Of Ind. moved an amend
ment repeating all laws that limit circulation and
that require reserve on account or circulation.
Mr.. MAYNARD then moved the previous question
on the bill and amendments.
motion to adjourn was then made, ana the
yeas and nays were ordered.
Before proceeding with the vote the Speaker in
timated that in revising the reporters notes OF
would take the liberty OF adding an Illustration
which he had overlooked, but which was very per-
rlnent. namely-that Oh question OF imposing or
repeating the income tax, every member, If that
point OF order were good, would be restrained
from voting.
Speaker would strike out ANYTHING he had said
was resented by the Speaker, and a personal COL
lOguy resulted. which was conducted on both sizes
with due regard to the dignity and the proprieties
OF the occ aslon, the speaker remarklng that he
was not usually in the habit Oh revising the re-
porter's notes, and that whenever he did make
any change IN what he said 1t was always in the
interest Oi good nature.
The vote on adjournment resulted yeas l21,
nays Ill. rhe House thereupon, at half.past
three. adjourned, the status or the bin being that
the previous question Is pending on the bill and
the various amendments, including the senate
bill substitute, and comes up again on Tuesday.
THE SING SING PRISON EMEUTE.
Ao vortou