The Indianapolis journal., 1890-01-29
PROCEEDINGS OF CONGRESS
Direct Tax Bill Passed by the Senate
with Only Seven Dissenting Votes.
Proposition to Refund the Gotten Tax Defeated
Mr.. DOrsey's National Bank Bill Meets
with Opposition in the House.

, WASHINGTON. Jan. 2S.-Among the men,
orials presented and referred was one
presented by Mr.. Chandler, for the estab-
lshment of republican form of govern
ment in the State of Mississippi.
Mr. Morrill,. in introducing the bill au-
thorizing the issue of treasury notes on de-
posits of silver bullion. and having it re-
ferred to the committee on finance,
said that that committee had addressed a
communication to the Secretary of the
Treasury asking him to formulate bill in
accordance with his Recommendation in re-
lation to silver. That bill had been re-
ceiyed. Without committing himself or
any member of the committee to it, he
asked TO have it printed and referred.
A resolution was offered by Mr.. McMillin
and adopted, instructing the library COM
mittee to inquire and reporS as to the pro-
priety of purchasing the Stanley collection
of Indian historical paintings now in the
custody of the Smithsonian Institution; also
Stanley,,,s painting OF the Trial of Red
On motion of Mr.. Sherman, the Senate
States from the amount now charged to
him and deposited with the several States,
was taken from the calendar and passed.
On motion of Mr.. Morrill,. the bill to
Territories and the District of Columbia all
moneys collected under the direct tax act
of 1861. was taken from the calendar.
Mr.. Sherman stated that the bill was the
same. word for word, as that which passed
the last Congress- and as it had the unani-
nous vote of the finance committee he
hoped that it would be passed without dis
sent.
Mr.. Vest remarked that he he'd already
spoken several times against the bill, and
/, ,n< IN frnt 10 ha 70 10
would not even ask for the yeas and nays
on the passage Of the bill, but. if the yeas
and nays were called. he would record his
vote against 1T.
offered as an amendment a proposition to
refund the cotton tax. Rejected-yeas. 15;
nays 50.
The bill was then passed-yeas. "A; nays.
2. The Senators voting in the negative
Plumb, Vance. and Vest.
The bill makes it the duty of the Secre-
tary of the Treasury to credit to each State
and Territory of the United States, and the
District of Columbia, sum equal to all
from said States and Territories and the
District of Columbia, or from any of tho
citizens or inhabitants thereof, or other
persons, under the act of Congress approved
Aug; 5, 1861. and amendatory acts thereto.
1t also appropriates the necessary sum to
reimburse each State and Territory and the
District of Columbia.
The Senate then resumed consideration
of Mr.. Chambers resolution in relation to
the maltreatment. at Aberdeen, Miss, of
ended the Senate went into executive ses-
sion. and shortly afterward adjourned.
National Banks Discussed by the House.
WASHINGTON, Jan. 2S.-The House to-day
passed bill providing that in cases of PEN
sion claims of dependent parents it shall be
necessary only to show to the Pension Office
that the parents are without other means
of support than manual labor.
Mr.. 4. b. Taylor of Ohio called up the
motion made yesterday to table the motion
to reconsider the vote by which the House
passed the bill providing for the erection of
three United States prisons The motion
to table was agreed to-yeas. 1852; nays. 112.
: Mr.. Dorsey of Nebraska, from the COM
mittee on banking and corrency, reported a
bill TO provide for the issue of circulating
notes to national banking associations.
The text of the bill is as follows:
That, upon any deposit already or hereafter
made of any United States bonds bearing inter
est, in the manner required by law, any national
banking association making the same shall he
entitled to receive from the Comptroller of the
Currency circulating notes of different denomi-
nations, in blank, registered and countersigned
as provided by law, not exceeding In The whole
amount the par value of the bonds deposited:
provided, that at no time shall the total amount
OF such notes issued to such association exceed
the amount at such time actually paid IL of its
capital stock; and that all laws and parts Of laws
inconsistent with the provisions Of this act be
repealed.
Mr.. Bland of Missouri raised the ques-
tion of consideration against the bill. and
the House determined-yeas, 145; nays. ITO
to consider the bill.
Mr.. Bland said this was contest between
metallic money and the power of the banks
to dominate the currency of the country.
II Congress was to make q fight for the peO-
and provide mode by which the banks
will have stronger hold upon the cham
nels of circulation.
Mr.. Anderson Of Kansas regarded the bill
as proposition to remove ono of the safe
CARDS provided against the encrOachments
of the national banks. As Republican
he appealed to Republicans not to yield q
hairs bredth to the national bankers. but
to retain every safeguard which had been
placed around the national banking act by
its trainers. He WAS not a fnancier, but he
had horse sense enough to be ready to op-
pose anything the national bankers wanted,
and to know that he was then on the safe
side.
the bill, and Mr.. Lane of Illinois opposed
it. The latter said the bill was not in the
interest of the farmer or of the laborer, but
in the interest of the bankers. and God
knew that they had received the benefits
of legislation for the last twenty years.
After further debate Mr.. Cannon of ILL.,
nOis gave notice of proposed substitute
for the bill, as follows:
That national banks now organized or here
after organized shall not be required to keep on
deposit. or deposit with the Treasurer of the
United States, bonds In excess of 81 900 as SO.
curity for their circulation notes. but such banks
shall keep on deposit or deposit the amount of
bonds as herein required, and such OfthOse banks
having deposited bonds in excess of this amount
authorized 10 reduce their circulation by the
deposit of lawful money, as provided by law,
provided that the amount of such circulating
notes shall not exceed in any case 90 per cent.
of the bonds deposited. as herein provided.
The bill then went over.
Mr.. Peters of Kansas introduced bill
(which was referred) setting apart certain
land in No-man's Land for the propagation
of buffaloes. Adjourned.
~ Al