Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-02
STATE BANK TAX REPEAL.
1t IL Probably Killed for This Session.
mt Least.

1t IL Probably Killed for This Session.
mt Least.
The effort to repeal the tax on state bank
circulations was beaten in the committee
on banking today by a vote of yeas to Q
nays. The vote was taken on the bill of
Representative Cox (Tenn.), which relieves
state banks from any tax on their circula-
ton, but does not extend the relief to cir
culation issued by private individuals or
corpora TONS
The result is regarded as cutting Off the
possibility Of favorable state bank legisla-
ton in the present Congress. After taking
the adverse vote motions were carried to
reconsider and then to lay on the table,
which permanently disposes OF the bill.
The vote in detail vas as follows: For
the bill-CoX, Tennessee: Cobb, Alabama;
Hall. Missouri; Ellis. Kentucky; Johnson.
Ohio; Cobb. Missouri; Black, Georgia, and
Culberson, Texas. all democrats.
Again st the bill-Sprirger. Illinois; Sperry.
Connecticut: Warner. New York; demo-
Gratis. and johnson. Indiana; Brosius. Penn
sylvaria: Walker. Massachusetts: Russell.
Connecticut; Henderson. Illinois. and
HaLgen, Wisconsin. republicans.
The favorable votes of johnson OF Ohio
and Cobb Of Missouri were given with the
reservation that they would vote. against
the bill on the floor of the House. The ad-
verse votes of Springer and Sperry and of
bank principle. but that Of Mr.. Warner was
against the form Of the Cox bill and with
the reservation that he would urge a state
bank bill Of his own.
A second vote was taken on q motion to
reconsider the motion to lay on the table.
This time the lines were differently drawn,
although the result was the same-0 to s.
Ayes-Sperry, Culberson, Walker, Bro
sius. Henderson. Russell. Haugen, John
Nays-Cox Cobb (Mo), Cobb (Ala) Ellis,
Warner. Johnson (Ohio). Black. Hall.
This action leaves the bill before the COM
mittee. although it is extremely doubtful
whether it will ever be taken up again.
Mr.. Warner says that his new bill will be
designed to secure speedy repeal, and with
it an elastic currency.
Several other bills to secure repeal of
| state bank tax, with various limitations.
are before the committee, but may not be
taken up.
Chairman Springer of the committee said
concerning the vote: II do not regard it
as finally disposing Of the state bank ques-
ton. 1t will get before the House in one
form or another. A movement is already
on foot to introduce it as an amendment
to the Brawley bill, which gives special re-
lief from the tax on calculations issued last
fall during the money strngency. 1t would
be entirely in order to make the general
state bank proposition an amendment to
bly, reported
Representative Cox, author of the Cox
state bank tax repeal bill, said ''The
friends Of state banks are as determined
as ever to get the question before the
House. What further will be done in COM
mittee I cannot say. but steps are sure to
be taken by which the House will be given
an opportunity to pass on this important
question:
1t is understood that Mr.. Culberson is
Or epared to offer the state bank amend
ment to the Brawley bill. Mr.. Culberson
is keeping his own counsel. but his asso-
ciates on the committee understand that
this will be the program adopted for get
ting the state bank question before the
House In spite Of the committee.