Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-04-05

they can and do mislead the members and
confuse public opinion by their lobbying
and personal appeals and misrepresenta-
tions. If an adequate appropriation should
! fail to be secured they will be chiefly respon.
! sible for it. 1t is understood that some oil
| the leading men in the Senate, such as Sher-
man and Harrison, will oppose an sppropri.
| ton. Unity on the part OF the friends of the
| river in sustaining the report of the Missis-
| sippi River Commission il the only avenue
Of success and the sole hope of the suffering
| people OF the Southwest.
Extending National Bank Charters.
| The seventy-seven votes against the propo-
| sition to take up the bill to extend the char
| tiers of national banks was a surprise both TO
/ the enemies and friends OF the bill. Mr..
| Hewitt to-day said that legislation of some
| kind was necessity, If grave financial COM
| plications are to be avoided in the near
! future. The charters OF nearly 800 banks
expire in February next, and if they are left
to reorganize in the present state Of the law
they can only do SO by Withdrawing $50, OOO.-
900 currency from the circulation. Such
withdrawal it is held, although temporary,
| might put it in the power OF stock gamblers
to precipitate panic disastrous to business.
Mr.. Ladd (Greenbaeker), of Maine, says
the vote showed the ability OF the anti bank
men to prevent legislation this session, as the
bill sought TO be made special order was so
far down the calendar it would never have
been reached.
NO Attempt 10 Override the Veto.
There will be no attempt to override the
Presidents veto of the Chinese BILL and it is
not at all probable that any modified bill
will be passed. The Democratic members
are entirely satisfied to let the onus of de-
featipg the anti Chinese legislation rest upon
the President, and there are not enough
Republicans favorable to the ideas of the
vetoed bill to bring up new bill
General Rosecrans claims that the veto
assures the Democrats control of the next
House. The Republicans will not, he thinks,
even attempt to contest the congressional
elections in California, Oregon and Nevada,
while the labor interest from one end of the
country to the other will be arrayed against
the Presidents party.
Mr.. Page expresses himself disappointed
and disheartened, as he had prepared him
self for qualified veto, but the document is
scarcely that. 1t will probably be impossible
TO frame bill which would be effective to
exclude the Chinese and not be open to OBJ
jections found by the President TO the present
bill. Mr.. Page does not EXP ect the passage of
the bill over the veto because the Democrats
will now refuse their help. He means, how
ever, to put them on record, if possible. He
is also sure the Republicans in the House
who voted for it originally will pass it over
the veto if they have chance.
Important Bank-Tax Decision.
An important bank-tax decision was rem
dered by the Supreme Court yesterday in the
case of the Board of Supervisors Of the county
of Albany, New York-plaintifs in error
Us. Edward Stanley-brought here on writ of
error. This action was brought by defend
ant in error, citizen of Illinois, as assignee
OF certain stockholders of the National
Albany Exchange Bank, to recover taxes to
the amount of $4,000, forcibly collected
from said stockholders and paid into the
treasury of the county of Albany upon
asse; sments made in the years 1873 to 1873,
both inclusive. 1t was waived on behalf of
the stockholders in the court below that the
taxes in controversy were illegally assessed
and collected, because the law of New York,
under which the assessment and collection
were made, violated the restrictions imposed
on such assessment and taxation by the
United States revised statutes, in that
it did not permit the shareholder to |
deduct the amount of his debts from |
the valuation of the shares of stock owned !
by him in ascertaining the amount for which |
shares should be taxed. 1t was therefore !
void, so far as it related to shares of stock |
in national banks. This view of the case |
was sustained by the court below, and |
judgment was rendered in favor of stock |
holders. This court holds that the inval- |
idity of part of the State law does not |
necessarily invalidate it IN toto; that if the |
valid and invalid parts of the statute are |
capable of separation only the latter is to be |
York State law of 1866, as construed by the
Court Of Appeals, is in conflict upon this
single point with the Federal statute, and as
far as this point is concerned it is invalid,
but in other respects it must be held to be !
operative. The judgment of the court below
ls reversed and the case remanded with
directions to enter judgment upon the finding
of facts for the plaintiff on the seventh count
Tor the amount of tax paid by Williams, with
interest, and on all other counts for the de-
iendants.
Railroad Land-Granfs.
communication was received from the
President to-day transmitting a statement of
he secretary of the interior on lands granted
% railroads and unearned by them. Also
from the secretary of the in
erior urging legislation to proven. trespass-
ng on Irdian reservations. The former is
n response to the resolutions of inquiry by
Mr.. Cobb Ind I, who has a bill pending
'epealing the laws granting public lands to
abroad companies where the lands have not
'een earned by the companies, in compli-
'nce with the acts making the grant, and
declaring their right in the lands forfeited
md the lands subject to sale as other public
ands, The net proceeds to be distributed
mong the several States and the District of
Columbia in proportion to the number of
hildren in each, to become permanent
chool fund. THE report is very voluminous,
living the provision of the various grants,
he amount of land granted, the amount
armed, where located, etc. The following
able gives the number of acres granted and
he number patented or decided to the COM
,any by the government, they having, in the
pinion OF the interior department, earned
UGH portions by the construction OF portions
f their roads. Roads which have been
iven title to the full amount granted them
n the land grant acts are not included in
he report, the resolution of inquiry only
skiing for those which have not earned the
lll amount OF the grants. The following
able shows the amount of land granted and
I I IL i