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

! w aSnlnStOn, 20.-COckr6lI called
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, So to 20.
f'arley's motion to take up the
naval bill was rejected-29 to 16.
The 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,O06,OO0 pounds of
sugar, which, at 71Sc., realized
SIS, 100000. The mOlaSseS from
this sugar would be worth $4,000
900 more, making the value of the
products crop $22,000,000. The cost
of making this crop was S2O,eOO,OOO,
which left $2,000,000 net profit, or 215
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. If the proposed cut of
% 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 the
depoSitOr was here discussed by
Camden, Bayard and Beck, in OPP
position to the pending amendment,
and by Sanders in favor Of it. The
pending amendment was rejected,
Is to Al.
Salisbury presented an amend
ment repeating the tax on bank
capital, and that on deposits. Neg
atived, 81 to As. Affirmative vote:
George, German, Salisbury, Vance
and Williams.
The Senate committee amendment
to the first section as amended by
the reduction of tax on tobacco was
then agreed to, 80 to 9, and the qUes-
ton required on the remainder of
the section in question, which was
adopted, the tax on manufactured
tcbOcco after January 1st, 1888, at
12c. per pound. 1t provides for the
repeal Of taxes on the capital and
deposits of banks and bankers, and
shall not affect SUCH taxes as are
now due and payable, and that the
repeal of the stamp tax on bank
checks, drafts, orders and deposits
shall not take effect until October
1st next. The bill then went over
until tomorrow.
Dawes, from the committee on
Indian affairs, reported the prOpos d
amendment to the sundry civil b !,
appropriating S25O,OO) for additional
purchases, to be distributed by the
secretary of the interior to such In
dian agencies rs the necessities of
Indians will require.
Adjourned.