The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1894-06-13

nour cement in the House Received With
Confusion and Applause.
WASHINGTON, June 6.-Immedia.e'
ly after the routine morning business OF
tie House yesterday Mr.. Catchings re-
ported from the committee on rules an
order respecting the further considera'
ton Of the bill to repeal the State bank
tax. It provided for discussion through
out todsy's session under the tive.mln'
ute rule, the vote on pending amend
ments and passage to be taken immedl.
ately after assembling ofthe House to-
morrow. Lsave 10 pint remarks on the
bill was granted TO all members, the
privilege to extend over a period OF the
ten following days. After short de.
bate between Messrs. Reed and Catch.
ipgs the resolution was agreed to-93 to
II.
MIR. Springer presented the substitute
of the committee on banking and cur
rency for the original BraWley bill as
follows:
THAT the operation of Sections 3, Az
and 3 Alb, Revised Statutes, and Sec.
tioD 10, 20 and 81 Of the Act to amend
existing customs and internal revenue
Laws, and for other purposes, approved
February s, 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 for circulation and paid OUT,
be and are hereby suspended as to any
such notes which were originally issued
between August l., 1898, and October
Is, 1898, aud no such tax shall rs col
lected on tbs amount CT any such notes.
Provided, that nothing herein shall sus
pend the operation of such Acts as to
the tax on amount CT any such notes
paid out and used for circulation alter
January l, 1884,"
Mr.. Cox offered his amendment re-
pealing all tas laws and parts OF laws
which impose tax en- State bank clrcula'
ton.
Mr.. Bowers, Republican, of California,
said the bill was intended as premium
upon the violation Of the law; 1t was g
notification to the banks having made
their pile that the penalty OF the law
would not be enforced against them for
subsequent violations, and notice to
the country that the New York banks
like The New York newspapers, were to
run the Government.
Mr.. Grow, Republican, OF PennsIl l.
vaaia, said nation Il bank was just as
much local bank as though 1t had been
chartered by a State.
Mr.. Livingston, Democrat, ofGeorgia,
said tho 10 per cent. tax law should be
repealed, because it was intended as
measure of protection 10 the national
bank system, and that system no longer
needed protection.
Mr.. Tslbert, Oemocrat, ofSeuth 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 he got in. Gentlemen who came
into the House after having been elected
oa 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 repuaiased them anc
the Democratic party.
Mr.. Qaigg. Republican, OF New York,
spoke against the proposition to repea!
the existing tax on State bank Issues
Mr.. Hsrter, Democrat, Of Ohio, de-
sired an hour in which to present hla
reasoas why the State bank tax should
be repealed. and Mr.. Cox, Democrat, Of
Tennessee, asked that it bo given him
some gentleman on the other side to be
accorded the same privilege. Objection
was made, however, and MIR. Harter de.
clined to prcceed, saying be had no ambI.
ton to rise simply to have his remarks
extended in the Record.
Nj. Kane, Democrat, of Illinois, said
be was a hard money 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:
in the world. 1t was tallacy to assert
that the money was issued by banks; II
was issued by the Government through
the banks. A man who happened to
nave State or county bond had no more
right to issue notes upon that security
than be had to issue Them upon the
security of 400 acres of good farm land.
Mr.. Beoderick, Republican, of Kansas,
SAID the bill was obnoxious, it was class
legislation of the worst sort. If the tax
was a good thing when passed, it should
be enforced until the law had been re-
pealed.
The arrangement sought to be made
earlier 5y Mr.. Cox was then agreed to-
The late hours, from 8 to S O'Clock,
we're divided between the two sides, Mr..
Harter, Democrat, Of OHIO, to occupy
Gn hour in favor of the repeal OF the
State bank tax and Mr.. D:Dgly, lsepubll,
can, OF Maine, to control an hour IN op-
position to the report.
Mr. Campbell, Democrat, OF New
York, had read a letter from Conrad n.
Jordan, ex.United State treasurer and
president Of the Western National Bans
of New York. tavo,iRg the repeal OF the
tax Law.
Mr.. Gear, Republican, of Iowa, gave
g leaf or two from his personal expert
ence with the issues OF State banks II
ante-war time as reasons why 10 his
oppinlon the people OF that country would
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 lnhSzIol-
lity and Inability to perform promptly
the purposes OF money at the places
where it was needed. A new system
Has essential to the rene we'd and con-
tinusd prosperity Of the country, ane