The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-04-29
TELEGRAPHIC.
Congress.


WASHINGTON, April 23.-Senate.-Mr Da-
Wis introduced a bill to reduce the tax on
che circulation Of State banks to an amount
canal to that paid by National banks. He
said the tax on National bank circulation
was one per cent, and that on State bank
circulation ten per cent, which practically
npeyented any circulation of the latter class.
He saw no reason why the National banks
should have an advantage over the state
banks Of ten to one. This enormous tax
was probably adopted as a war measure, Dut
as peace reigned now, he saw no use III con
tinuing it. The circulation OF the otate
banks would be measure OF greaI reiiei W
the South and West.
He gave notice that at an early day he
wOuld ask the Senate to take up and pass
fbe bill reported from the Finance Commit
tee TO withdraw National bank circulation
frsm those States having an excess, and DIS
tribute it in the States having less than
their proportion, with an amendment sub
mitted to him to withdraw fifty millions IN
stead of twenty-five, as the committee re,
ported. The President in his veto referred
to the proposed increase as one hundred mil
lions, but he Davis thought 1t was ninety
millions-forty four millions in legal-tenders,
and forty-six in National bank notes. The
bill was referred to the Financial Com
mittee.
Mr.. Hamlin gave notice that as soon as
the gentleman from North Carolina (Mr.
Merrimon) shOnld have concluded his
speech on the Louisiana bill }, he would move
to lay the whole subject on the table.
Mr.. Carpenter said after all Senator's who
desired HAD spoken, he would ask the in
diligence of the Senate to reply to some OF
hour He hoped the debate would not be
chOked off
Mr. Thurman said he desired to submit
some remarks, but had not fond time yet
to prepare them on account of the pressing
committee duties imposed upon him.
Mr.. Hamlin said further debate on this
eubject would do 10 good, one way or the
other, as the Senators had become tired OF
it, and always left the chamber when the
matter came up. He had at one time
noticed that there were but seven Senators
in their seats while a speech upon the Lou
isiana Bill was being made. He thought
when debate reached that point, to drive
Sena tors out of the chamber, it was not cal
culated to enlighten any one.
Mr.. Carpenter said perhaps the Senators
went out for reflection.
Mr.. Haml:n-Yes, and think their refec-
tions are about in this manner: That man
il doing out what have heard half q dozen
times from half dozen Senators. Laugh
ter.
After some further discussion Mr. Window
withdrew his motion to lay aside the Louisi-
ana Bill.
The Senate then resumed the consideration
of the Louisiana Bill, and Mr.. Merrmon
addressed the Senate as to the powers OF
the General Government over States. Be-
fore concluding his argument Mr.. Merrimon
yielded for motion to adjourn, which was
agreed to, and the Senate adjourned.
WASHINGTON, April %. - House. - Mr..
Southland offered a resolution instructing
the Committee on Banking and Currency to
inquire and report the reasons why the
twenty five millions of national bank cur
rency authorized to be withdrawn from the
States having more than their proportion,
has not been withdrawn and distributed
under the provisions of the act of the 18th
of May 1870, and what further legislation
is necessary to secure that result.
Referred to the Committee on Banking
and Currency.
VERY INTERESTING DISCUSSION,
of personal nature, occurred to-day in the
House of Representatives, between the Hon.
John Young Brown, of Kentucky. and Mr..
Starkweather, of Connecticut. The cause
was I'm attack made by the latter on Mr..
Brown and Gen. Breckinridge, and pub
lished in the recent absence of Mr.. Brown
from the city. Mr.. Brown caused to be read
Starkweather's famous letter to w. S. Hunt
ington, the great leader of the Washington
ring, asking for funds to carry his district,
and dressed up this fellow who had white
washed the ring in 1872, in a very thorough
style. Sarkweather made q long and feeble
reply. The debate went on for a space, till
the Republicans thought it best to choke off
Mr. Brown from the floor, on the pretense
that they would not listen to a eulogy on
Breckenridge. The result of the encounter
was conceded to be signal triumph tor
Brown, and gave much satisfaction to his
Democratic friends.