Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1878-05-29
WASHINGTON.

Special Telesraphie Cor. courier-Journal
WASHINGTON, May q The national
banks have been b~esieging congress all
the winter to remove the tax on their
capital, circulation and deposits. Mr..
Beck to day offered a bill to repeal the
tax on their capital and deposits. but
imposing a tax Of twenty-five per cent.
on all dividends over eight per cent, and
fifty per cent on all dividends over teH
per cent. The banks have been assert.
ing that the present taxation is onerous
and ruiDous. Mr.. Beck says that they
wanted this taken OF without any equiv
alenl; that if they are in such a bad way.
by reason Of the present tax, they can
certainly afford the tax proposed BY this
bill. IL is a test Of their sincerity. Thoy
will either have TO lend TO the people al
a low rate Of interest, or pay tax on the
excess Of earnings above eiSht per cent.
USE OF Il ARMY.
The house Of representatives today
passed a very important amendment
offered by Mr.. Knott, the effect Of which
is TO break up the use Of the army in
controlling elections. by prohibiting tie
use as a posse comitstus except as au.
thorized by act of congress.
The number Of the army was cut down
to 10000 men, bat it is certain that this
will not pass the senate.
IL HASTE TO ADJOURN.
an intrigue is on loot in the two
houses to procure an adjournment on The
10th Of June. Men favor this who ought
to know better, and who do know better.
This haste TO get away is partly the re
suit Of general Worthlsssne,a and partly
Of infdelity TO principles Not a lew
congressman regard public Office as only
a perq1isite. To adjourn Of once would
be to give up all hope of reducing the
tsXes, Of cutting down the tobacco tax.
or reforming abuses in the army and
navy, Of additional legislation to relieve
the contraction OF the currency, Of re-.
constructing the %leyees, Of the steamboat
bill, Of the Texas Pacific and Of an
honest, intelligent settlement Of the an
preparation bills.
" hGA TENDERS.
The senate 10 day took up the houss
bill to arrest the contraction Of legal.
tender notes There was only one ma.
jority for this. bat there will be an on.
deavor to pass the bill to.morrow. and Il
is believed, by the friends Of lbe meas.
ure, that Il will go through by a decided
vote. Mr.. BAyard will oppose the BIN.
BHRRMAKs sgULLDpgqERY
Mr. sherman has seriously damaged
himself by having an ~interyisw with An.
dersou, the forthcoming witness before
the Potter Investigation pOmmiltee. ri,
friends allege that he did not want 70 ssa
Anderson, but vas oyer.perlnaded 10 IA
so BY Judge Sheilabtrger, and that An
aerson requested the interview, but III,
tact remains that be did have The inter
view toat arrangements we're all ready
on Hherman's part, 10 take down III
eo0Yersation, and consequently the pro
ceedIng 10 regarded by The public a. a.
Improper effort, either 10 manipulal,
Anderson's testimony or TO entrap him
'oto aeSing statements whish eopld b,
used to break him down IS q witness.
IL is generally conceded that Ander
sou e a low drunken leliov. There is 4
suspicion by some persons thai no ven
70 call on SheruRn in order 20 sell out
and the ouiy theory Of bis reception IL
that be was expected to uake 0 propo
slhen. Anderson says, in an interview
that We5befs protest, on which AZ,
whole vote Of West eelioiana was throw
Oat by the returning board, was no