Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1878-01-26
FORTHWITH CONGRESS-.
WASHINGTON, January %.
SENATE.

The bill to remit taxes on insolvent banks was
taken up and discussed briefly, and post poned un
| Ill tomorrow.
During the discussion Rollins submitted the fol.
lowing additional section
That in making further collections of into rnal
| revenue taxes on bank deposits, no savings bank
recognized as such by the laws of its State and
having no capital stock shall. on account of mer-
camille or business deposits heretofore received
upon which ho interest has been allowed to the
parties making such deposit., be denied the ex-
emption allowed TO rawlings banks having no cant
tai stock aud doing no other business than recev.
ing deposits to be loaned or invested for the sole
benefit OF the parties making such deposits, with
out profit or compensation to the banks If such
banks have paid the lawful tax upon the entire Az
erage amount of such business or mercahtie de-
posits nothing in this section shall be construed
as extending said exemption to deposits hereafter
made, or IN any way to eject the liabilities of such
deposits to taxation.
Mr.. Rollins in explanation said the government
would suffer no less, whatever, should the amend
ment be agreed to. 1t had been proposed at the
Internal Revenue office and sent to him.
"A large number of petitions demonstrating
against any change in the tariff laws, and the res.
toration OF the duty on tea ard coffee, were pre-
sened and referred.
Edmunds presented petition from the Govern
or OF Vermont and others, in favor of legislation
TO remove CERTAIN restrictions in payment of pen
slons. Referred to the committee on pensions
Bill author zng and directing the Secretary of
the Treasury to cause the custom house at Mem
pins, Tenn, TO be constructed Of Tennessee mar
Bile, was passed.
The Senate resumed consideration Of the amend
ment OF Conkling, to make the resolution a Joint
instead OF concurrent one, which was rejected
q to 80.
Before the vote was taken Mr.. Blaine said tn at
lew days since he introduced bill for the re-
monetization Of SILVER. lie had purposey left the
number If glans IN the dollar blank because he
tta ia ypt far no .t,ll. go D
~ grains. lie would move to fill the blank at a
future day. Meanwhi e, by some blunder he had
been credited VITA the brilliant conception OF
leaving tt humber of grams in the dollar to be
determined bv the director If the mint aud the
Sec'y of the treasury. What be had lett to these
officers was the right and power to publicly fix the
price OF silver bullion per standard ounce as near
y as possible az the market rate and this he CON
celved the best regulation on the subject.
Bill revising the steamboat bill came up and
Harrison oil red an amendment decia log pilots
aud engineers of all steam vessels officers of said
vessels, aud that none but citizens of the United
States shall be licensed a. pilot, and engineer.
adopted.
Edmunis then poke in opposition to the reso-
luton of Matthews, aud favored the amendment
offered by himself
The Senate by vote of 10 yeas to % NAYS,
passed the corcIireLt resolution Of Matthews de-
clatlng that all bonds of the United States issued
or authorized to be issued, are PAYABLE prInciral
the nlted states, in silver dollars of the coinage
of the ULlted state, containing Il2 l-2 grains
each of standard silver, and that to restore it,
coinage such silver cOius As legal tender IN paw
ment of said bonds, plLclpa and interest, is not
IL violation OF public faith, nor derogation of
the rights Of the public creditor
After the yeas and nays on Conkling's amend
ment CocsIell said he received telegram tins
morning from White of Maryland, aud stating
that he was detained at home by sickness ana re-
questing him to pair. Under the Circumstances he
consented to do So Were the senator from Nd
present lac would vote aye and he (Cockrel) would
vote no.
The question then REQUIRED On the amendment
of Morrill, Of VT, submitted on the 18Th inst, but
he Withdrew 1t for the present that the question
might be taxed on the amendment submitted by
his colleague (Edmundsl on the l4th inst with
the under standing that his MoTdFs) amendment
would he next IN order
Edmunds then took the floor and spoke for
some time time IN support OF his meadmeut.
en- on the amendment.
The amendment was lie ected-ycas Is, nays A.
The question then REQUIRED on the amendment
of Morrll, submitted on the 10Th inst. to the eff
feet that it would be detrimental to the economi-
cal interest of the government and people to pay
the bonds in silver.
The amendment OF Morrill, was reected yeas
A. nays fl.
The question being on the passage Of the reso-
luton as submitted by Matthews Dec. 6, it was
agreed to yeas a, nays -.
Morrill, tnen took the floor to address the Sem
on the silver bill, ttit yielded to an executive
session, after which the Senate adjourned to Mon
day.