The times. [volume] (Richmond, Va.) 1890-1903, 1894-06-07
The House Of Representatives ReiustS 10
Repeal the Ten Per Cent. Tax.
TEN DAYS DEBATE CONES TO KAUGHT
Tho announcement of the Result Causes
Some Surprise and Much Confusion.
Indian Appropriation Bill.

Mr.. Turner Dem.. Ga.) spoke in favor
Of repeal. He contrasted favorably to the
first the availability and desrablity OF
State and national bank issues Of cur
rency. What was more vital to the best
| interests Of the country, I'm his opinion,
| however, was the passage Of the tariff
Dill, and he pictured hand impatient TO
| put in motion the machinery that would
| produce an era Of prosperity TO the
I country.
OTTER VIEWS EXPRESSED.
Alr. Melkeljohn Rep., Neb.), speaking
Of the probable conditions under which
state bank issues would be made In case
the system were rehaoiiitated. called at
I tention to a bank law passed by the
( Georgia Legislature last December In eX-
pectation Of the repeal Of the State bank
tax: That law, he said authorized bank,
with one-qVarter OF It's capital in national
J bonds, one-quarter in State, county or
municipal bonds Of the State and one
half In currency, to issue upon the de-
| post Of the bonds with the State Treas
/ ury notes 10 the amount of three times
the security.
The subject was further discussed by
AiessrS, Bingham (Rep Pa, Hall dem.
MOI, Robinson tRep, Pa) and Cochran
Dem., n. ". The latter denounced the
national bank currency as the worst that
could be conceived and ought not IN he
allowed to stand. But as long as II did
/ exist Mr.. Cochran said. he did not be-
heve IN attempting to make tributary
system: believing in the Platforms de-
inand for repeal of the State bank tax,
ne ala not believe in doing 50 haphazard.
fresent conditions would have TO be
chRansed before 1t could be done safely.
MT. nick Rep., Pa followed inveiCh-
ing against the repeal OF the tax.
MT. Dingiey Oep., Me- closed the de-
pate lie said the issue presented by the
Dlll was banks Of issue being essentlaD
shaif tilere be uniform system under
national control or forty-four separate
and distinct systems?
TIE BILL DEFEATED.
The debate closed at 21O o'clock. and
vote was taken on the Cox amendment
TO repeal the ten per cent tax outright.
me V0te was announced as, yeas. ~;
nays, ifV The announcement was receiv-
ed with slight applause.
The substitute of the Committee on
Banklng ana Currency for the original
Brawley bill. suspending the operation of
the 10 per cent. tax as to issues Of certi0-
Gates etc, by clearing houses and other
| organizations last year, merely changed
the Verbiage so as to make IL more ex-
plicit. was defeated on a viva vCce vote
Then the original bill was lost. almost
without a division. This was the end of
the ten days debate, and result that
occasioned some surprise, and the an
nouncement was received, ami much con-
fusion, with applause.
TIE VOTE IN DETAIL.
The following is the vote in detail on
~Nis 10 eIiitAiAiiiSAlb ~ iEDtdl the ~
per cent. bank tax.
Yeas-Abbott. Alexander, Arnold. Bailey,
Banknead, Bell CTex.), Black Ga), Band.
BoatDor, Bower Branch, Breckinridge
Clark Mo), Cobb CAla.), Cockrell, Cooper
Qla), Cooper Qnd). Cooper (Tex), Cox,
Grain, Crawford. Culberson. CUMMINGS
Davey, Dearmond, benson, Dinsmore Ed
munds, Ellis CKyD. English (Cal) Enloe
Epes, F1thian, Fyan, Geary. German.
Grady, Hall Mo), Harter. Heard, Hen
derson On, e., Hutcheson, Izeler Jones'
Kyle, Latimer, lawson. Lester, Living
ston, Maddox, Mcguire. Mallory, Marshall
McCulloch. McDearmOn. McLaurin, Nc
Millin, McRae, Meredith, Monroe. Mont
gomery, Morgan, Moses, Nell, Oates. Og-
Paynter. Pendeton CTex). Price Richard
son (Tenn.l, Robbins, Russell (Ga) Say
ers. Shell, Snodgrass, Staliings, Stockaale
T!Gpe Tate Ey S STa S|Pnsa T5ser TTg9r Tn2ner
(Ga), Turner Ua) Turpin Wash).
Wheeler Ala) Williams Miss), Wilson
W; Va,1). Wise, WoOdard and the Speaker
Nays-Republicans: Adams Pa), Al |
drich. Aspley, Babcock, Baker (N. H.. |
Bartholdt, Beden, Bingham. Blair. Bow
ers, Broder1ck, Brosus Cannon Ou).
Chickering Cooper OYis), Cousins. Cur !
It's (Kas). Dalzel. Daniels, Dingley, Dol |
liver, Doolittle, Draper Ellis Ore). Fun |
ston, Gillett On. ", Groutt. Grow. Hager, !
Hainer Harmer, Hartman, Haughen, |
Hepburn, Hermann, Hicks, Hit, Hooker |
N. ". Hopkins pa). Houk Hunck, /
Hull, johnson Qnd), Johnson O.. d., |
Kiefer, Lacey Linton, Loudenslager |
Lucas, Mahon Marsh Marvin, Mccall |
McCleary. Mejklejohn, Mercer. Murray |
Nor.hway, Payne Perkins. Phillips, Pick |
Ter. Post, Powers Quigg, Ray, Reed, |
Reyburn, Robinson, Settle, Shaw. Smith, |
Stephenson, Stone &C.. W. Of Pa.}. stone, !
ON. A., Of Pa). Sweet. Tawney, Taylor |
(Tenn), Thomas, Updegraff, Van Voorhis |
(Ohio). Walker, Wagner, Waugh, Wheeler |
qll) Wilson (Ohio), Wilson Wash.),
Woomer Wright (Mass.)-S9.
Democrats Baldwin, Blrwig Bretz
Brickner. Brookshire. Brown. Bryan. By |
mum. Cadmus. Capehart Cannon, Causey |
feen Comm, Coombs, Cornish Covert. !
Dunn, Dunphy. DurborOw. Erdman. Ev-
erett. Fielder. Forman. Gsissenhainer,
Hammond, Hare, Hayes. Hendrix, Hol-
man. Hunter kirkland. Lapham Layton,
Lynch, Magner. Martin. McDannold. Nc
Ettry, McGann, MeKaig, McNagny,
Va.). Piggott Rayner, Reilly Richards,
Richardson (Alich.). Richie Rusk. Ryan,
Sibley. Sickles. Sine. Sorg, sperry, Spring
er, Stevens. Talbot. Tarsney, TAYLOR
and Wolverton-75
PopuIsts-Baker Kan). Bell (Col)
Davis Harris, Hudson. KEN. McKelghan
Pence-S.
PROVISIONS OF THE DEFEATED BILL.
The Brawley bill. as originally intro
duced In the House. contained n pre-
amble setting out that. whereas, certain
banking associations, for the purpose Of
the financial stringency. have
issued what have been denominated
clearing house certificates and other
notes and forms Of Indebtedness which
were designed and intended to provide
temporary relief for evils caused by a
dearth Of currency, and which In many
cases, have been effectual to prevent
greater calamities; and.
Whereas. 1t has been claimed that such
certificates and notes are subject 70 the
tax imposed by law upon all notes other
than National bank notes" therefore, IL
was proposed to suspend the operation
)f sections 34l2 and 3ilS of the revised
statutes in regard TO all such notes IS
sued between August lst and OCTOBER
18th, 1898. Succeeding sections Df tne
statutes impose upon the Commissioner
)f Internal revenue the duty OF assess
ng these taxes and Of collecting additlon-
II penalties in the case OF failure 10
make -eturns. The initiative was taken
)y the internal revenue office FOR the
assessment of n number Of banks rs
In the southern States. twno
lad been less guarded In their issue ana
use of their clearing houses than Danks
n the East. and had apparently commit.
ed a technical violation OF the law) put
when appeal was made TO Congress, those
were suspended. Mr.. Spiln-
,er. from the banking committee, re-
ported the relief bill back SAYING. ya me ne
committee has carefully considered tue
question involved and being OF the opinion
hat the penalties. If legally incident, ,
hould not be enforced IN the prSsene
Instance. recommend that the bill DO
Ass" 80, -, -, .ho |