The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-06-20
A Measure in the Interest Of
Fraud and Smuggling.
PHELPS, DODGE & CO.'S RECORD.
The False Invoices of the Model
''Christian" Merchant.
CLOAKED CORRUPTION.
Sanborn as the Scapegoat Of
Others Sins.
SENATE.

SENATE
WASHINGTON, June 10, 1874
Nj. ANTHONY, FepJ OF K. l., from the Committee
on Printing, called up the House resolution to
print 800 copies Of Professor Hayden's report on
the ere taceous fora OF the West. Passed.
TAXATION IN THE DISTRICT.
Mr.. FOREMAN, trep) of w. Va, moved to recon
slider the vote by which the bill TO provide gov
ernment for the District OF Columbia was passe d
yesterday. He said he made that motion in order
TO understand provision OF the bill which he
thought very important one. He had not read
the bin wnen 1t was up for consideration yester-
day, ami therefore had not noticed the provision.
He referred the clause in the fourth section OF
the bill which proposed to levy tax of three per
cent all real estate in said District, except that
belonging to the United States and that used for
educational and charitable purposes. If he under
stood that provision correctly 1t was to inaugu-
rate system OF taxation here upon property never
before taxed-that was the property OF all the
churches. Had he noticed it previous to the con-
alteration of the bill he would have moved to
strike II out then.
Mr.. ALLISON (rep.) OF Iowa, said it was the in
tenton Of the committee to have tax levied on
all real estate except that belon ging the United
States that used for educational purposes and
that belonging to charitable institutions Congress
some time ago had passed an act eXempting
church property from taxation, which should
never have been passed. The church property in
this District amounted to about one-ifteenth OF all
the real estate and the improvements made
around such property were at the expense OF other
property on the street. The Council OIL the local
Legislature here had recommended the taxation
as well as the House or Delegates. The Dlll pro-
vided that the tax should be temporary one,
only for the year 1875 and the committee was OF
to tax to help lift this District from its emDarrass
ment.
Mr.. STEWART. trep) o: New, opposed the motion
TO reconsider, ana said If the bill De once opened
again all the work OF the committee would be lost.
He did not believe the dill could be improved.
The taxation proposed was no larger than that
levied in many other cities OF the Unlon 1t was
claimed that the government OF the United States
should pay portion OF The indebtedness Lei the
snare.
Mr.. SARGENT, trep.) OF CAL, SAID he hoped the
bill wound meet ali the expectations OF the able
committee which mad perfected 1t. He tried yes
terday to have tine olil amended IN certain re-
poor success He hoped the motion to reconsider
would ne rejected.
motion, and SAID that the committee was of the
opinion tnat it was right to tax church property to
help the District out OF It's distress.
Mr.. MORTON, (rep.) OF Ind, said that he was not
present. yesterday when this bill passed. He had
been called upon by many residents ana properly
many instances the property holders had large as
sessments Of taxes upon them for improved streets
unpaid, and that this three per cent tax together
WITH the tax Tor street improvements would
amount to a confscation of the property in many
cases. He fully concurred in the other provisions
Mr.. THURMAN said such representations had been
made to the committee and considered by II. In
the city where he lived, IN ONO, they paid three
per cent on personal property, as well as OIL real
estate, and in Toledo they pad Jour per cent
There was hardly city IN that State where the
tax did not amount TO three per cent. He hoped
the Senate would remember that this bill relieved
$4,000, 900. He moved to lay the motion to recon-
slider on the table, which was agreed to without
division.
TRANSFER OF BULLION IN NEW YORK
Mr.. SHERMAN, rep.), OF Ohio, called up bill
authorizing the transfer of gold mint bars from
the Assistant treasurer az New York, which had
been amended by the House, ana moved to urtner
the market value" SO as to provide that they may
be applied to the redemption OF coin certificates
and not less than the market value and it was was
agreed to and the bill was passed.
Mr.; WRIGHT, lrep.l Of Iowa. from the Committee
the bill to abolish the Western District Of Arkan-
sas. Placed on the calendar.
tee on Territories, reported fayorably on the bill
70 organize the Territory o! Okahama, and for the
better protection OF the Indian tribes therein.
Placed on the calendar.
NJ: srRAcu5, OBJ Of R: l., from the Com
nDy on the u" p11ans of fpG sne appoint eSt
ment OF commission to ascertain the
right OF subjects Of Great Britain to land in the Ter
r1tOry which was the subject OF the award Of the
emperor OF Germany under the treaties OF lS46 and
1871 between the United States and Great Britain.
Placed on the calendar. This bill relates to San
Juan and other Islands.
THE FINANCE REPORT.
Mr.. WRIGHT, from the conference committee on
the Finance bill, called up the report made yester
day, and asked that 1t be disposed OF. He said he
had no disposition to discuss H. and hopel vote
Mr.. FLANAGAN, TepJ OF Texas opposed the re.
port and said its tendency was to take the country
away from anything ike a return to specie pay
Mr.. EpxUSDs, repl OF w.. said that, so far as
the report related 10 redistribution OF Danh c,rc-
lati0n, he was entrey satlsned win 1t, but he OBJ
Jected to the clause abolshing reserves which the
banks are now obliged 70 keep. He thought II I'M
wise for Congress TO authorize national banks to
loan all the resources they mad down 10 hiteen per
cent oil their deposits.
Mr.. WRIGHT said that the section objected TO by
Senator Edmunds had been agreed upon by both
houses oil Congress. In the case Of panic the
reserves OF the bank would amount to nothing,
ana u nad been agreed upon all hands that the
reserves mad better be lett out o. circulation.
Mr. SHERMAN SAID that the last three sections 81
tue report were precisely similar TO the Dill
reported early III the session by the Committee on
FINANCE ior the redistribution OF the currency,
report not agreed 10 by both houses The ques.
tion OF increased paper money and tne question OF
the report would be agreed TO-
Mr.. SARGENT SAID the bill as perfected by the
report was much better than any heretofore pre-
scented, though he could not vote for IL on account
Of objections ne had against issuing reserves
NJ STEVENSON, tdem;l OF KY. said 1t seemed to
without innating the currency. 1t met the views
or All parties
Mr.. THURMAN said he would vote for the report
because he believed IL was the best which could be
obtained tins session. There was little or no evil
in it, and ~ might be productive OF some good
Mr.. MORTON said the effect OF abollsning the
reserves would be to set free over $50, 900 600
which, at certain seasons OF the ycar--to move
crops &c.--wOuld be great relief. The law now
required this money to be locked up In the vaults
OF banks, and to set IL free would be practical
measure Of relief to some extent.
Mr.. MORRILL,. rep) OF VI, opposed the report
because 1t contained no feature looking TO re-