The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1894-06-13
RECREANT DEMOCRATS.
OF THEM REFUSE TIC
RESPECT THEIR PLATFORM.

SENSN l'GlSC vi i''G" 49,
RESPECT THEIR PLATFORM.
The State sank Tax Bill KLled-The An
nouucemept in the House Received With
Confusion and Applause.
WASHINGTON, June 6.-Imn1ediate-
" after the routine morning business OF
the House yesterday Mr.. CatchipgS re-
ported from the committee on rules an
order respecting the further considera-
ton of the bill to repeal the State bank
tax. 1t provided for discussion through
out today's session under the fve.mln.
ute rule, the vote on pending amend
ments and passage to be taken lmmedl-
ately after assembling ofthe House to-
morrow. Lave 10 pint remarks on the
bill was granted to all members. the
privilege to extend over period OF the
ten following days. After short de-
bate between Messrs. Reed and Catch
ings the resolution was agreed to-93 to
II.
Mr.. Springer presented the substitute
of the committee on banking and cur
rency tor the original Brawley bill as
follows:
THAT the operation of Sections 3,4l2
and 3 4l3, Revised Statutes, and Sec.
tiop 10, 20 and q of the Act to amend
existing customs and internal revenue
laws. and for other purposes, approved
February 8, 1875, and all other sections
of said Revised Statutes, and all Acts
and parts of Acts imposing tax OF 10
per cent on the amount Of certain notes
when used ",r circulation and paid ouS,
be and are hereby suspended as to any
such notes which were originally issued
between August l, 1898, and October
Is, 1898, and no such tax shall oe COL
lected on the amount of any such notes.
Provided, that nothing herein shall sus
pend the operation Of such Acts as to
the tax on amount Of any such notes
paid out and used for circulation after
January l, 1894"
Mr.. Cox offered his amendment re-
pealing all the laws and parts OF laws
which impose tax on State bank circula'
ton.
Mr.. Bowers, Republican, of California,
said the bill was intended as premium
upon the violation of the law; it was q
notification to the banks having made
their pile that the penalty of the law
would not be enforced against them for
subsequent violations, and a notice to
the country that the New York banks, ,
like the New York newspapers, were tc
run the Government.
Mr.. Grow, Republican, OF Pennsyl'
vania, said nationl Il bank was just as
much local bank as though 1t had been
chartered by State.
Mr. Livingston, Democrat, ofGeorgla,
said the 10 per cent. tax law should be
repealed, because it was intended as q
measure of protection to the national
baak system, and that system no longer
needed protection.
Mr.. Talbert, Democrat, ofSouth Caro-.
lima, said that be would vote for the Braw
lev bill and for the repeal OF the 10 per
cent. tax for the reason that the latter
was in the Democratic platform. For
him, he said, party platforms were made
not only to get in on, but to stand on al
ter be got in. Gentlemen who came
into the House after having been elected
on a Democratic platform and repudl-
ated the platform, ''spreading them
selves over the face of the earth and not
knee-deep anywhere" need not be sur
prlsed if the people repudlated them and
the Demncratic party.
Mr.. @ ligg. Republican, Of New York,
spoke against the proposition to repeal
The existing tax on State bank issues
Mr.. Harter, Democrat, of Ohio, de-
sired an hour in which to present hls
reasons why the State bank tax should
be repealed, and Mr.. Cox, Democrat, OF
Tennessee, asked that it bs given him
some gentleman on The other side to be
accorded the same privilege. Objection
was made, however, and MIR. Harter de-.
clined to proceed, saying he had no ambi-
ton to rise simply to have his remarks
extended in the Record.
Mr.. Kane, Democrat, OF Illinois, said
he was hard moneV man, believing all
except gold and silver was make believe
money only. He desired to bear witness
to the fact that the paper money, how
ever, ct the United States was he bes:
10 the world. It was fallacy to assert
that the money was issued by banks; 1t
was issued by the Government through
the banks. A man who Happened to
have a State or county bond had no more
right to iseue notes upon that security
than he had to issue them upon the
security OF 400 acres of good farm land.
Mr.. Bcoderick, Republican, Of Kansas,
said the bill was obnoxious, it was class
| legislation of the worst sort. 1fthe tax
was good thing when passed, it should
be enforced until the law had been re-
pealed,
The arrangement sought to be made
earlier 0y Mr.. Cox was then agreed to.
The late hours, from to O'Clock,
we're divided between the two sides, Mr..
Harter, Demo ;rat, of OHIO, to occupy
an hour in favor Of the repeal Of the
State bank tax and Mr.. D.ngly, Republi-
can, of Maine, to control an hour in op-
position to tie report.
Mr.. Campbell, Democrat, Of New
York, had read letter from Conrad n
Jordan, eX.United State treasurer and
president OF the Western National Bank
OF New York. tavoriRg the repeal OF the
tax law.
Mr.. Gear, Republican, of Iowa, gave
leaf or two from his personal expert
enc9 with the issues OF State banks IL
aute-war time as reasons why IN hi;
oppinion the people of that country woulc
not return willingly to that system O
currency.
Mr.. Harter said that the trouble with
The country was not that it suffered ar
insufficient Volume Of currency. but from
the quality of the currency, its iud9xlbi-
lity and inability to perform promptly
the purposes Of money at the place;
where it was needed. A new system
.noo aooapfiol 70 tho rapa Ua6 op1 cOD-