New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-11
A QUIET DAY FOR THE LEGISLA TORS.
ROUTINE WORK IN BOTH HOUSES.
THE SENATOR'S DISCUSS TAXEs-A SURPLUS BILL
INTRODUCED BY MR. BLISS.

THE SENATOR'S DISCUSS TAXEs-A SURPLUS BILL
INTRODUCED BY MR.. BLISS.
WASHINGTON Jan. 1C.-The bill to credit and pay
the several and Territories and the District
of Columbia all moneys collected under the Direct
Tax Act Of August 1sC1, reported by Mr.. MORRILL,
from the Committee on Finance, considered Mr..
BERRY offered a resolution directing that in cases
where tho collected from citizens either d.
recy by sale Of property the amount shall be paid,
IN trust, to the Governor Of the State. MI SAULS-
BURY opposed the bill because II proposed 10 take
So 600 of the Treasury and distribute IT, not
to the poorer people OF the several states. but to the
owners OF real estate no paid this direct tax.
MIR. CHANDLER wished TO know whether the pur-
port was TO pay to each state not only the amount
which It paid directly from its own Treasury for its
proportion of the Direct Tax, but also the amount
collected by the United States Government from the
seizure and sale of individual property. Inc reso-
iutlon rejected
Mr. GRAY moved to strike out the proviso that
where the. tax was collected either directly or by
the sale of property, the sums SO paid were to DC
held In trust for the benefit Of the heirs Of those from
whom they were collected Mr.. EDMJNDS moved
to amend the proviso, By making 1t apply only to
cases where the tax collected By the l nited
states Agreed TO, aftcr which the Dill was aid ASIDE
without further action
Mr. CHANDLER offered resolution lnstructing the
Judiciary Committee to Inquire into the suppression
of the votes of the cOlOTed citizens of Jackson, Miss
recent munich pal election in that city aud INTO
the alleged participation in such suppression by inc
United states District Attorney, ana OtheF OFFICIALS
Laid on the table.
The bill introduced by Senator voorhees, to-day
In relation to National banking associations was pre-
pared by Controller TienhOlm. The measure Tor
lids that the officers of bank shall constitute a
majority of the Board of Directors requires that the
directors shall take oath inform themselves as
to the business and condition Of the vank; fOrOlds
the organization of National banks, with branch hes ,
divides National banks into two classes those Win
carital of $500 and less and those having more
than that amount, reduces the amount OF bonds re-
uicd 10 be deposited by the smaller banks Irum one
quarter to ono entn their capital and that by The
Larger banks from $4,000 TO So, 900; permits Nation
al bank Noes t. DE counted IA part OF he Cash
reserve of the bank repeats the requirement thaC
hanks extending their corporate existence shall aiter
three wears dposit lawful money to tho amount OF
their outstanding circulation, provides penaiy lot
making loans contrary to law reduces the penalty for
DELAY in transmitting reports amends the provision as
to a semi -annual upon circulation Dy renewing
hanks from the much OF their Circulation
as is predicatcd upon the minimum deposit OF bonds
reouired hv law secures National banks adequate
oroiectjon against such State aud municipal taxation
and assessment AS places them at dsadV antage IN
composition with special corporations ana calls IL
forgery 10 afX without authority OF law 10
The bank circulating notes printed for National Dams
The Senate then proceeded 20 the consideration OF
the Blair Educational bill and Mr. WILSON, OF Mary
land made a constitutional argument against H. IL
Conerv,ss had the right, said 10 take one stop In
controlling state In respect TO It's school system
had the right establish an enire federal schoOi
system 10 the exclusion OF all state interference
The Sortbern people ignored the fact that IL wOld cost
fhe ueople of the most favored States quite as much
in cIstons duties and taxes they would receive
nnder the bill The Senate then proceeded 10 eNccu
tive business, and adjourned after short session