The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1882-07-21
Las EST TELEGRAMS.
XLYII CONGRESS
REGULAR SESSION.
SENATE


up the House bill TO relieve certain
soldiers of the late war from the
charge of deserving. There was a
discussion by Harrison. Hoar, Platt,
Plumb and Blair. After some de-
bate on the order of business the
pending.bill was allowed to retain
its place, but the tax bill was taken
up, 90 To 20.
f'arley's motion to take up the
naval bill was rejected-29 TO 16.
Ths pending amendment was
stricken out repeating the prOYis-
ions as to bank capital, deposits,
checks. drafts, etc.
VOORHEES, said the bill was an obi
Gus piece of favoritism in behalf of
a privileged class. Across its face
there was written "relief for banks"
1t had been cOncOcted upon the
heels of the session by the republi-
can majority TO serve partisan pur
poses.
Harrison remarked that the same
repeal of bank taxes which his col
league denounced was proposed by
Beck, last Congress.
After a tilt between Harrison and
Voorhees, as to their respective po-
sitlOns on the question Of the arti-
cles to be relieved, Jones, Of Lou
isiana, submitted figures showing
the small profits realized from the
culture and manufacture OF sugar
One of the crops of late years
amounted to 24,Ooe.OOo pounds of
sugar, which, at 71Ee., realized
SIS, 100000. The mOlasseS from
this sugar would be worth $4,000
900 more, making the value Of the
products crop $4,000, 900. The cost
, of making this crop was $4,000 900,
which left S2,OOO,OOO net profit, or 21155
per cent. on the capital invested.
Any serious reduction in the prices
would entail such loss in the re-
ceipts as would wipe out entirely
the profits. II the proposed cut OF
25 per cent. was made, and when
the tariff is revised another reduc-
., ten of % per cent. is made, would
destroy the planting interest alto
gether.
The question of whether deposits
are the property of the bank or th'
depositOr was here discussed by
Camden, Bayard and Beck, in Op
D position to the pending amendment
and by Sanders in favor Of it. Tn
pending amendment was rejected
Is to Al.
Salisbury presented an amend
ment repeating the tax on ban
capital, and that on deposits. Neg
B, atived, 81 to IS. Affirmative vote
. George, German, Salisbury, Vanc
and Williams. $500.
The Senate committee amendment
to the first section as amended by
the reduction of tax on tobacco wa
then agreed to, 80 to 9, and the qUes
e ton required on the remainder Q
the section in question, which wa
adopted, the tax on manufacture
tobOcco after January 1st, 1888, q
= 12c. per pound. 1t provides for til
repeal of taxes on the capital an
deposits of banks and bankers, an
l. shall not affect such taxes as N
: now due and payable. and that til
d repeal Of the stamp tax on ban
checks, drafts, orders and depOsil
9; shall not take effect until Octobe
Il 1st next. The bill then went owe
= until tomorrow.
Dawes, from the committee o
Indian affairs, reported the prOpOS
:. amendment To the sundry civil b
d apprOpriating $25O,OOo for additions
r purchases, to be distributed by til
- secretary Of the interior to such II
~ dian agencies as the necessities {
st Indians will require.
~ Adjourned.