The New York Herald Newspaper, August 6, 1861, Page 2

2 THE NEW REVENUE Final Passage of the New | £20000, : Tariff Bill, ‘Closing Debate in the Senate and House. Now Duties on Silks, Sugars, Coffee, Cocoa, Chickory, Wine, Brandy and Other Spirituous Liquors, &0., &o. &e. Iu the Senate on the $d instant, Mr. Simone, of Rhode Island, said:—The Committee of conference on the disa- ing votes of the two Houses on the bill (H. R. No. 54) provide increased revenue from imports, to pay the verest on the by jebt, andfor other purposes, have wad after full and conference, have agreed to |, aud do recommend to the respective houses, ‘that the te recede from its disagreement to the bill ‘of the House, and the committee recommend the following ivute. I suppose tho only way, if the Benate choose 80¢ om it now, is to road the bill by sections and adopt \ . Grumms—T will ask the Sonator if he docs not pro- to have that printed? It has not been before us. . SimmMons—It is all printed now. . Gaimes—It has never been before this body. MY. Siumoxs—Ob, you. Mr. Grimes—I understand it to be a bill of the House of Roproaeatatives, copies of which hi been distributed about the chamber, but it has never boon under cousi‘le- part of it. Mr, Gnimxs—A large part of it was nover unfer conside- Fation hore at all. . Siumons—All [can say is, we found it on the table & committee, printed, every part of it, and I suppose it is as accessible to every other Senator as it is w the Woembers of Chat committer. @ Parsing Orricex—Doos the Senator from Towa move that the bill be printed? VERAS SKNATORS—Oh, 10, Mr. Guaves—I do not make such a motion, but I desire to pill of such consequence as this, ig AN opportunity to read it. ‘TLunderstand it imposes direct taxation, aud contains an inoorne law, and affects the fluances of the country yory 1d T cannot be expected to vote for such & hat without having an opportunity to ex- amino it. Mr. Feavexpss—Well, sir, I think it may be as well in ‘that case, for I really do not want Senators to say they ‘vote against this bill because they have had no opportu: nity to understand it, although this matter is pressing, ‘and although the bill has been laid on our tables for four or fivedays; yet, if the Senator wants more time, and Predicates his vote upon that, Iam willing that it shalt be deferred until to-morrow, to give him an opportunity ‘to understand it. Mr. Smmoxs—J should like to accommodate the Sena- tor very much, but this bill has been printed, ir, FRssBNDEN—Jt is only a question whether we shall Taise money or not; whether we can carry on the war, Mr. Courawmn—I wish to add a word.” The part of the bill which the gentleman from Iowa seems to think hag not been considered in this body—that which relates to the real estate tax—has been printed, and we have had it before us, although it has not been considered. It was referred to ‘tho Committee on Finance after it came from the House, but has not been considered in this body. BotI wish to Aay, Bir, that this bill is essentially the same as the act which has been passed four or five times in the history of this government. It was drawn originally, 1 believe, by Mr. Gallatin, and Mr. Hamilton, in 1794. It was passed again in 1813 and 1814 and 1815. There is nothing in it, as T underatand it, but what bas been the tried law of this government over sinoe the beginning of the govern- mont. ‘The only question is whether we are to lay a direct tax at all,and apportion it among the States, ac- cording to the constitution, Now, sir, there ix nothing in Chat bill which would require its postponement, tn order Uhat gontlemen may consider it. Its details are all those which oxperiouce bps vested. ‘They are long, it is true; Dut I bolieve thoy dro essentially the same with those of provious bills. The whole quostion ik, whether we will @ustain this measure of a direct tax; and that we can discuss just as weil without reading over the details of the Dill, or having it printed over again. Me, Fesaxxpex—I will add, in regard to the question to pring, this tax bill was originally propoged in the House, aud when proposed they printed it, and gout it here; and it was laid ou our tables ten days or a fortnight ago. Again, when it was passed in the House, as amended with the income and other taxes in it, it was 'sout here, and on any motion, four or five days ago, that was printed and Jaid on our tables again; so (hat the whole measure has ‘been before the Senate for a long time im printed shape. It ig @ simple question, ux the Senator from Vermont saya, hor we shall lay a direct tax of $20,000,000; that is amount of it. I will only say to Senators in regard to ib, Uhat Twant it understood by every one: me shail ‘gy or f96] be has not had an opportunity to examine it; but I_am satisfied that on tho question, whother we pase ‘this bill or not, depends the question whether we can ob. tain apy money to carry on the government. 1 hw it from the most reliably sources, that unless this provision is made for the payment of the iute- rest which will accrue npon the loan we have an- thorized; unless we come to it, and our constituents como to it, we may as well give up the idea of attempt. ing to obtain the loa that is absolutely necessary at the presont time. It 1s useless for Sonaiors to taik about carrying on the war, and all that, unless they can come ‘up to the measures abéOlutely necessary to provide that which is the foundation, at all times, of the material of war. Mr. Sammoxs—I supposo it may be proper to read the ‘Dill through; but Lam perfectly satisfed, and I think all Senators ought to be satisfied, that they have bad a fair Opportunity to read it for themselves. T will how explain to tho Sonate the modifications and alterations made in the bill in the committee ef conference and the reasons for them, and} will state them as briefly as I can, I sup- pose there can be no apolowy for any Senator not haying ‘read the bill as it passed the Senate, if it has not been read, and To not suppose it has been read any more than tho bill from the House. Ihave never read’ it any more. We have stricken out of the Senate substitute, raising revenue from jinports, the ten per cent additional duty. At the same time we have raised—considerably hughor than the Senate bill proposed—the duties on brdndies and spirits. We havo, in fact, imposed an additional duty on the mischievous luxuries, the strong drinks, and wo have omitted to place upon the general consumption of the country this ten per cent, and then wo haye provided all the drawbacks for transportation and everything of that sort. Then, again, we have re. dead thé income tax on the highest scale from 734 to 5 per cont, The schedule of § per cent, which embraced raost of the incomes, we put at 3; and on that portion of an income which is derived from interest from govern- mont securities, we put 1h per cent, That will probably reduce the receipts from his tax from incomes, $10,000,- 009. Tt was called $30,000,000 originally, and I think It will bo 80 very nearly now. That is a mere matter of conjecture. Mr. TRUMMULI—~T ask the Senator to give way for a mo- mont. T wish to make @ privileged motion, aud have it entarod Mr. Siutoxs—This happens to be one; but I will give way, if it is only for a motion. ‘The PRess1N6 Orrexe (dir, Anthony)—The question be- fore the Senate is the report of tue Committe of Conference ‘on the Revenne bill, Mr. SiMOXs—I was about to state what alterations the committe had made in the bill as it passed the Senate. Thave stated what has been done ip reference to the ine post dutios, I believe; I will not repeat iu. We have add- ed lo the bill that passed the 3 te the principal features of the bill passed by the House of Representatives for as aossing and ec Mg a direct tax, to the amount of $20 000,000, on all of the states of the Union, and we have put on the ticome tax as it passed the Seuate, but redu cing the rates of tax, lowering them about one-third or a little over. We lowered the rate upon incomes becanse we impose direct taxes on property, and thought it was Fight to mitigate in some degree the burthens of the pe ple, We were induced to substitute this direct tax be- cause we bad rediiced the linposts upon the geveral con sumption of the country from what the Senate had passed nearly to ‘the same amount that we put on by direct taxes; and the motive, tho reason that’ influenced me, and, T presume, the rest of the committee, was, that the moral effect. of bringing this country, by an almost unanimous vous, to Ampowe direct taxos, would be greater than any other form of imposition we could resort to, We are almost il willing to ax imports. Some do it forone motive, sume for another. [have stated all the time, while I have been urging an ingreage of the duties, that dud not want it for th: ; ucpose of protection to the industrial pursuits of the country; but that I went for it merely as a revenwe measure. do my judgment, simply as a reveuue mene prefer it aow to direct taxes, but Ido not think | t would be ona half npon the capitalists of this country. or ot the world, of what it would be to see Cong up to lhe work aud tax property directiy aifect, aud \¢ i¢ the most certain way of geiuing the mo y be resorted to wABE About t neiderations that induced the comm e the forin of taxation. (hat the world m ght know that whenever this country was driven to sustain ite credit Fy resort to taxation, there wat nothing which itwould Shield from itsexactions—no species of propert t am 4 te for this particular 11 eof 4, Decauine It does Hot (ax i» over five hunived dollars bomestea? in the W wher 1 he “y the House « property Aovwe not tax the Jiitle oes not tux that plans of people Hitherto known to be taxed. wh @ tax. These are ihe yenern) con poze that if] should ulk a week J could Teasons, or that if the bill was read thr the Senate would understand it any 1 uw do. i Mr. Poux—t ke Lo understand foom from Rhode taland whether by this sll there aition of dritiag on the list that ie free by the Morr! ap it js cal n tarift left.as the; in ion je wit ong fo done with the tariff bill, easont N S much in re! The duty in the House bi! being two and a halt ind, was reduced to two cents a pound on raw Susars, iow I come to the diroct tax, ‘Tho direct tax is 000,000, apportioned according to the constitution, Ll realize, perhaps, $12,000,000, with the right to the States to assume it. No doubt thoy generally will assume it, because thoy have made advances out of thotr own money for the fitting out of yoluntecrs, which we have passed a bill to seitie; and the States why baye thus made advances will no doubt assume this tak pon themselves, getting the fifteon per cont ount, and pay it by sottiing their accounts, There was in the bill which came from the House of Representatives a large provision in relation to internal dutics upon carriages, upon waiches, upon distilleries. We found it exceedingly complicated in ite arrangemonts and machinery, and were somewhat doubtful of its resulta; and inasmuch as it was said that the House of Ropresentatives cutertained very much a desire not to have any more United States officers in the States than they could help; and inasmuch as {hat species of tax that the States could not assume yy could not know its amount ungil it was coll: agreed to leave out that provision. Now we come to the income tax. 16 House of Representatives had passed one bill on the subject; the Senate passed a different oue. The Senate bill was taken in its lead- i, features, The Senate had laid the income tax upos ail incomes above $1,000, and put the tax at five par cent; but when we did that thore was no direct tax before wa, ‘When they had the direct tax put into the bill, the House fixed the income tax on all incomes above $600 at three per cent. As a com ise with ther, we sereed ce making it apply to all. incomes above $800 at t cent. ig the way the bill standa now. Some modia- cations were roquired in the Senate bill as to the Ingome tax for thi ‘aa we put ip the is reason: it became necessary, direct tax, to provide, and it is provided, that in ascor- taining thé income you shall not take into considerat the products of the roal estate that is taxed under the di- rect tax portion of the bill, but, according to the bill which the Senate passed it would have been. In this bill it is not, 60 as to avoid taxation on the same property in two forms. Now, I have stated what are the e#ential and leading features of this bill. It contains the Tariff bill modified, as I have stated, a provision for a direct tax of $20,000,000, with a right of assumption by the States, and an income tax on all incomes above ,. Mr. Guimxs—What ie the direct tax on? Mr, CoLLawmn—On all real estate. Mr. Grimes—Not on personal property? Mr. Cortamun—No, sir. Mr. King—Has it been read? Mr, Couamer—If piatiaroen have chosen to read it; they have had it on their tablea a long time. r. Grumgs—The Senator says we have had this on our tables along while. Imay be mgainformed; I may not understand the case; but as I understand it, the Chair- man of the Committee of Ways and Means of the House of Representatives introduced a direct tax bill ef seventy- four pages, making ® very respectably sized book; the House of Representatives took this up and referred it to a Committee of the Whole House, and they made sundry amendments, It is that bill, as amended, as I under- stand it, or a portion of that bill, as amended, which this Committee of Conference have incorporated into this bill. and we are now called upon tosot on it, and not the bill as laid upon our tables, Am I right? Mr, CoLLauzrn—I suppose that bill, as the House finally passed it, was ultimately printed, though I have not read it myself, but I saw it in committee, . Mr. Gaimas—I think that it has not been printed; at any rate no Dill of this character has been laid on our tables since the 28d of July. Mr, CoLtamen—Does the Senator wish to defer it that he may examine it? I agree eutirely with the honorable Senator from Maine that I would have no Senator say, from any action of mine, that he has not had the opportu. nity to examine @ measure, if he desiren it. Mr. Ganogs—I have never even known until this mo- ment that there was no tax on personal property in these bills, but that all this is to go on real estate. I am willing to vote on it if the Senate is. Mr. CoLuamMur—I stated before and I state pow that tho bill is essentially the same in all its essential features with the bill by which a direct tax has been laid four Umes in this government, Itved under and collected; and there never wag a tax on personal property by this government. Mr. Susmoss—I will explain to the Senator from Towa that it is competent for any State to as- sume its quota of this direct tax, and pay it into the Treasury with a deduction of 15 per cont, and take its own machinery for collecting it. If they tax personal property now in the States, they can tax personal pro- perty to get the money under this bill into their treas- uries; 80 that it will leave personal property as the States now leave it. Mr. StgkmaN—I trust the passage of this bill will not be delayed. It is manifest“that unless we close the business of Congress this week, it will be almost impossible to re- {win 4 quorum of the other House after Monday. I have ‘deen luformed by leading members of the House that it will be impowsible to retain a quorum of that House beyond Monday morning. I will may in regard to this bill, that I have read the various elements of the bill im different bills, and I believe it now has assumed a form that all of us can vote for without any sacrifice of the in- turests of our constituents. If it is necessary to pass any direct tax bill at all, this ig as mild aform as ft ean bo in; and I trust, therefore, this bill may be taken partly on credit; aud think,ou the whole it is a fair com- promise of the various elements to be condulted in a tax bill, Mr. Kivc—This report has not been read. There are disputes about it. I should like to hear the report read; we may then have an opportunity to know what it Is. ‘Some gentiemen think there are provisions in {t that are material, and some that are immaterial. The Puesivine Orricknk—Tho Secretary will read the re- port of the Committee of Conference, The Secretary read, as ollowa:— The Committee of Conference ou the disagreeing votes of the two Houses on the bill (H.R. No. 64) to provide increased revenue Crom » to pay intereet on the public debt, and for other purposes, having met, after tull and free conference, have agreed to recommend te thetr respective Houses ag follows: — ‘That the Senate recede trom thoir amendment to said bill and the committee agree to the following aa a imbsti- tute J. F. SIMMONS, Manage: x copa vor the Be 8 OB the part « nate. THADDEUS STEVENS, JUSTIN L. MORRILL, ERASTUS CORNING, Managora on the part of the House. A BILL TO PROVIOE INCKRASED REVENUB FROM IMPORTS, TO PAY THE INTERRST ON THE PUCLIC DEBT, AND FOR OTHER PURPOSES. enacted by the Senate and House of Be it ta tives of the United States of America ip aysom- bled, That from and after the date of the eof this act, in lieu of the duties heretofore imposed by Taw on the articles hereinafter mentioned, and on such may now be oxempt from duty, there shall be levied, collected and paid, on the goods, wares and merchandise herein eaume- rated and provided for, imported from foreign countries, the following duties and rates of duty, that is to say: First, Cents. On raw sugar, commonly called muscovado or brown ‘sugar, and on sugars not advanced above No. 19, Dutch standard, by claying, boiling, clarifying or other process, and on syrup of sugar, or of sugar cane and concentrated molasses, or concentrated melado, per pound......... ay Ou white and clayed sugar, when advanced beyond’ the raw state, above No. 12. Dutch standard, by clarifying or other process, and not yet refined... On refined sugars, whether loaf, lump, crushed or pul- verized.... seesssanesssarcren secs On sugars after being refined, when they are ting. + tured, colored or in any way adulterated, and on sugar candy....... a ‘ On molasses, por gallon. . o ‘ Provided, that all syrups of sugar, or of sugar cane, concentrated molasses or molado, entered under the name of molasyes, or any other uame than syrup of sugar or of sugar cane, concentrated mo- lasses, or concentrated melado, shall be liable to forfeiture to the United States. On all teas, per pound..... . 18 On almonds....... On almonds, shelled... On brimatone, crude, per ton ‘On brimstone, in rolls... On coffee of all kinds, per On cocoa. Tet wees ‘On cocoa Jeaves and cocoa shelis,..... On cocoa, prepared or manufactured. On chiccory root.. On chiccory, ground, . On chocolate... On cassia. On cassia buds. On cinnamon... On cloves. On Cayenne pepper On Cayenne pepper, 1 On currants. On argol...... On cream tartar, ry is On tartaric acid, and tartar emetic, and Rochelle salts On dates On figs. ‘On ginger root. On ginger, ground On licorice paste and juice. On locorice root..... On mace and nutmegs. On nuts of all kinds net otherwise Ou pepper. On pimento. On plums . On primes On raisins. ve On unmanufactured Russia bemp, per ton. Ou Manjia and other hemps of Indi pound or SrocverSuueweaSecennanunSSan On lead in pigs #r bar, per 100 Ibs. On lead sheet? ..... oeew Pu white leat, dry or ground im oil, and red lead Ou walt, in sacks ‘ wi On elt, in balk, On seiaash, per ib, On bicarbonate of soda On sal soda | On saltpet On Uirpentin On SSE 0+ B-K-KESERESB argo ‘ther materials Mr. SimMoxs—We have ft and pat it ito a very hig! Mr. Cotrawmr—Mr 1 can mak» this matter Brief statement of ™m the first place alters the du @reseatatives, in th and coffee witich ar mich as free President, {do not ightbe of know the articles hich 1k m from thy (bey nd based wo pow We forty por Goh mt t Tuy free List wijgh or resinous substances ar Purposes as gum Copal, rthe game ¢ 1 be it further enacted, That (rom and after aid, there shail be d, collect. hereinafter Ad valorem. 30 26 15 20 10 90 | 80 | 10 tever material, per cent Ht ad valorem... On feat . we | On n eon 1 bond On Thdia rubber shoos and hoot On ivory manufactured a On wines of all kind: ih the gum, mot more facture than sin; a zine On all sit On all sill and thrown or nol over sols, buttons, button cliths, trimmings, and on siik twirt, Gwist composed of mohair and ‘silk, silk in the gum or purified, and tuvesef silk, or of which silk tu materiel of chief a, be ares and mere titted by re: jes Lobe exempt froi discriminating ducing, ae, and other charges, and all other articles, goods, wares, and merchandise not imported direct from Uw place of their growth or production, or in foreign vessels, entitled by x ciprocal: troatics to be exempt from dis criminating duties, tonnage, ant other charges, shall be subject to pay, ia addition to the duties imposed by this act, ten por centum ad valorem: Provided, at this rule shall uot apply goods, wares, and miorehandise isn ported from beyond the Cayo of Good Hope in American Sec. 4, And be it further enacted, That, from and after the passage of this act, there abail be allowed on all art!. oles wholly manufactured of materials imported, on which dutics have Yee pad, mben. exported, a drawback, equal in amount to the duty paid on such materia no more, to be ascertained undor such regulations as shall be prosoribed by the Becretary of the Troagury: Provided, That ton per eentum on the amount of all seaabecss, 80 allowed, shall be retained, for the une of the United States, by the collectors paying such drawbacks, respect ively. Suc. 5. And be it furtber enacted, That all geods, warcs, aud Reyteep a actually on shipboard and bound to the United States, and all good#, wares, and morchandise, on doposit in warehouses or public stores at the date of the passage of this act, el subject to such duties aa ee piny snes by law and at the of of this act: And provided furthor, that all goods deposited in public store or bonded warehouse sfter this act takes effect and goes Into operation, if dori tion in the United States, be withdrawn eo, the duties thereon paid im threo months aftor the same are deposited, and goods designed for exportation and consumption ib foroign countries may be withdrawn by the owner at any time she expiration of three yoars after the same are deposited, such , If not withdrawn in Leap iger to bo regarded aa al loned to the government, and sold under such regulations as the Reoretary of the Treasury may presoribe, and the pro- ceeds paid into the Treasury: Provided, That peeeonenlios) upon which the owner may have neglected to pay du: ties within three months from the time of its depo- ait, may be withdrawn and entered for consumption atany time within two years of the time of ita deposit, re the payment of the legal duties, with an addition of per contum thereto: Provided also, That a upon which duties have been paid, if exported to a foréiga country within three yoars, shull be entitled to return du- ties, proper evidence of such merchandise having been landed abroad to be furnished to the collector by the im- porter, 1 per aentum of said duties to be retained by the government. Sec. 6. And be it further enacted, That the act entitled ‘‘An act to providefor the payment of outstanding Treasury otes, to authorise a loan, 10 regulate and fix the duties on imports, and for ether purposes,” approved March 2, 1861, be, and the same is hereby, amonded as follows, that is to say: Firat, in seotion six, artiele first, after the words ‘in rdials and,” atrike out ‘liquors’? and insort “‘liqueurs;’? second, in the same section, after the word ‘“represent,”’ ingert ‘Provided, alao, That no lower rate or amount of duty shall be levied, coliectod, and paidon brandy, spirits, and ail other spirituous bovorages, than that now fixed by Jaw for the description of firat proof, but shall be increasod in proportion for any groater strength than the strength of first proof,’ third, section twelve, article first, after the words 18 cents,” whore they first oocur, insert ‘ or loss?” fourth, section thirteen, article second, after the word “manufacturer,” insert’ “except hosiery; Afth, in the same section, article third, strike out ‘! wool,” wherever it occurs, and insert in each plage ‘ worsted;”’ sixth, in section fourteen, article first, after the words “ten per centum,’’ insert “ad valorem;” seventh, in section Afteen, before the word “yarns,” insert “hemp;”” in the same section, after the word “'shootings,”’ insert ‘of ftax or hemp;”” and strike out ‘jute 7 and in lieu thereof insert ‘jute yarns;”’ eighth, in section twen- ty-two, atrike out the words “ unwrought clay, $3 por ton;’’ ninth, im section nineteen, atrike out “ composi- tions of glass or paste not set, intended for use by jewel tenth, in section twenty-two, strike owt ‘< composi- tions of glass or paste, when set;”” eleventh, in section twenty-three, article sheathing metal, strike out “yard,” and insert ‘ foot,” im section seven, clause fifth, the words ‘on screws, washod or plated, and all othor screws, of iron or any other metal,”’ shall be stricken out, and the words ‘on screws, of any other metal than jrow,”’ shall be inserted. Bec. 7. And be it further enacted, That all acta and parts of acta repugnant to the provisions of this act be, and the game are hereby, repealed: Provided, Tuas the oxiating laws shall ext to, and be in force for, the col- leotion of the duties imposed by this act for the co tion and punishment of all offenses, and for the recovery. collection, distribution, and remission of all fines, ties, and forfeitures, as fully aud effectually aa if every regulation, penalty, forfeiture, provision, clause, matter, and thing to that effect im the existing laws contained, had been fhwerted in and re-onacted by this act. Sec. 8. Aud be it farther enacted, it a direct tax of $20,000,000 be, and is hereby, annually laid upon the United States, and the same shall be, and is hereby, ap. portioned to the Btates, respectively, in manner following: jaine.. 420,896 00 Now Jorsoy.... $450,134 Now Hampabiire 218,406 66 Pounsylvania...1,046/719 33 Vermont:. 211,008 lawar 14,683 33 Maryland 436,823 33 Rhode Island. Virginia 937,550 66 Conneatiews North Car 576,194 66 Now York Mr. Kinc—I am requested by a good many Senators to withdraw the call for the reading of this bill, It is my opinion that every bill which is passed here should be read at length in the Sonate, 80 as to giv ‘erybody an opportunity to hear it, But lam satisfied, from what I hear on ail siden, that it is the intention to pass this bill as it comes from the committee of conference. Tam my- aelf disposed ta'vote for all the measures which aré, in the Judgment of the majority, deemed necessary, whether my own individual opintou accords with thom or uot, for T beliove we should be united in oar aotion. I waive the call for the reading of the bill, Mr. Porx—I hope’ the readité will go on, at feast until we koa how much ia levied on the Statcs, ‘The bill which Thave here is being modified, as t perceive from the read. in ng. Mr. Kinag—I have waived my call, Ihave no control over any other Senator. Mr. Potw—I hope the reading will be continued a little further, at any rate. Tho Secretary continued’the reading as follows:— South Carolina...... $368,670 Texas. 2 Georgia. ‘867 of Dakotah.... 8,241 riot of Columbia 40,437 Sec. 9. And be it further enacted, that for the purpose of assessing the above tax and collating the samo, the President of the United States be, and hé ia hereby, au- thorized to divide, respoctively, tho States and Territories Of the United Stutos, and the District of Columbia, into convenient collection disiricta, and to nominate and, by ‘and with the advice and consent of the Senate, appoint an auecasor #1 olleotor for each auch district, who shall bo freeholders and resident within the same; provided, that any of States and Torritorios, as well as the Dis- trict of Columbia, may, if the President shall deom it pro- per, be erected thte one district; and provided further, ‘that the appointment of assessors and collectors, or any of them, shall not be made until on or ofter the second Tuesday in February, 1862. Mr. Porr—I will dispense with the further roading, 80 far as Lam concerned. ‘The Presuxo OrrickR—The roading will be djepensed with, The question is upon concurring with the Commit- tee of Conference in this report. Mr. Pows.s. aud Mr. Savisnvry oalled for the yeas and nays; and they were ordered. Mr: McDovcarz—I wish to say, simply, that while I shall vote for this bill as @ necessary war measure, I do Rot belteve it in oquality. S Mr. Powsi—I have steadily veted against all appro- priations to carry on this war. 1 voted against the loan bill, and Ihave steadily voted against all war supplies. T cast thore votes because Iwas opposed te the war; be- cause I belfeved that the war was calculated to eternally or the States of this Cnion, and that it would result in ne good, but manifest evil to every interest of the eatire country. Having caat the votes that I have, i oannot conscientiously vote for this Dill. I knew that the heavy amount of war supplies that tere being voted by Congress would necessarily result in the most onerous taxation of the people. Those gentlemen who voted for those war measures, I suppose, can con- sotentiously vote for this bill; for ‘the votes which they have given lead directly to it! Those who vote for war measures aud for war loans can properly vote for the taxes to raise the money to pay the debt. T, having opposed the war, having voted against the loan, having voted aginst thearmy supplies, deem it my duty to vote against this bill, which I shall do. Mr. Wixixsox—I do not like (0 yote against any mea- sure which proposes to raise money for carrying on this war. I would give every doliar that I could raise to carry it on, so far as 1 am individually concerned; but I do not like to vote for @ proposition which cannot be carried out practically, This tax is proposed to be levied according to the population in the several States, It is known to everybody that the capital, the wealth of this nation, is in the East and the older States, You may take the State of Rhode Island, for instance, and compare it with the State of Minnesota. It pays but w trifle more than the State of Minnesota; and yet we have no money there. It will be ut terly impossible, in my judgment, to raine this tax in the pew loyal States of the Union. T do mot see where the money can possibly come from. If the tax coul under the constitution, be levied on the taxable proper of the whole country, then I should certainly be willing to vote for it, but under the provisions of the constitution | do not suppose that auch a law could constitutionally be Iv weoms to me, howover, thet it is unwise to a law which cannot from its very nature be carried to effect. Jam told by gentiomen that wo must vote “his tax or fail to sustain the government in carrimg on ihe war. Jam placed ipa very peculiar situation, 140 not hike to do either. J want lo carry on the war with all the power thore is in the government, and resort to such means a8 are within the power of the goverpment, such means as can be resorted to. Here we to means which I think cannot possibly be Evorybody knows that you cannot, in the pre- 2 "Qa luis cubear sim oF UuMMManggedr ei raased condition of the eountry, goo the pow Seabee Gas reign toy levy Gant made by es ay. BW YORK HERALD, TU yet I want to | ESDAY, AUGUST 6, 1867. rom Minnesota r aesota wiil have : spont there for grain and provi | sions and cattle fo pay this tax tea times over, If it had | not been for that should never have voted for it. | ave yoing to buy these thivgs in Minnesota, | Mr. Tey EvGr-—Wortain Senators who are loudest i urg the proseention of thi it some to tie, wre Ue st to vou consry means for carrying (eon. But have yot this stern and stubborn reality betore 1s, and we have to fee the music’ or give tt up. Now, cnt, we ave willing to ‘Taco the cqual portion of this pt tax, and that is the only thing we are equalizod in; we furtiish au over proportion of men for the army, portion of the oll willing to ‘face the mus! (hibg,and Fam willing to vik, Dy i f id or fail, 80 far as. by it. Mr. Simgoss—I cannot allow the Senator from New Jersey to say that his State does not have a fair propor. tion of the olficers, compared with my Stato, I expect the State of Rhode Jaiand wiki not only pay ita quota of the diroct tax, but throo times as much as any other State, in proportion to its people, of the inoome tax, and we do not expect a sing!e officer, Mr. McDougat—I think the Will bo oppressive in certain sections of tho Union, I ro- gret to Theet with tho necossity for direct taxation. So for aa the tax aasessed upon Ci is concerned, hpr people will mect it, and moet it cheerfully. Our condi- Lion on tho Pacific coast is Lbis: we baye not 4 chance to embark in this controversy, as we would choose; we are | oxisted at the timo that state of facts existed too far distant. In voting for the tax, T wish to aay that Trogard it as @ moro temporary oxpediont; that is, as a tomporary moans to maiulain the war, I vote for it asa war moaaure. Wo must use all the power wo havo to carry on the war enorgetically. In looking over the list of assessments upon the various States, several of which I know, I haye not soen that 5 ment has been impc which cannot be reall: any great burthen on the people; and thorefore, as a war popes | T have mado up my mind to stand by the mea: sure. When it was proposod at first (0 aasons taxes di: reotly, my notion was to oppose thom all; but I tl taust mest the burthen, oven if it were ‘tor t! . While Lam opposed to the jon, which places upon Illinois, for inatance, a tax equal to the taxation of Massachusetts, wi they have ten times ul nye it isone of of taxation, and the money. I will vote for it, 80 I say of in proportion to 0 are & now Btates, le; we | ton, Benjamin B Train, Upton, ‘Van He aye aapemasieted ous itis wealth ent tietaxie oetipee: | Vokeahaee Vereen ae Wallace, Chilo W. aad ohio of Wo | aot the | withoa} St MOK (his COnforonoe Fe Ort Come jn aga substitute for the tari? and diveet tax lls whieb passed this Honse? Mr, That is Il takes the place of both. | Mr wish to kiw of the chairmap whether | any add has been made to the duty on textile fa- | brie —ou r instance? | Mir. Srv kxo—Ten per cont gras added on silk goods. | That was the only toxture that fae touched at ull | Mr. Gaxwn—tIs it in order to offer an amendment to the © { ‘reakkn—No amendment would be in order to @ { report of a Committee of Conference, | Mr, Wickime—Ldesivo to ask the gentleman to post- | pone av upon this report until to-morrow at twelve Lo in order, im the meantiine, that the substitute [nm I do not understand it, and T have not \» we what the geutioman has sald, f her a quorum will be her k tr. Wieksarre—l do not beliove there is any danger of Roauregail being Lere before to-morrow night, (Laugh- ter.) Mr. Roscox Conktive—In one of the bills, certain sec- tions of which go to make up tk bill, there was contains ed a ection, which scetion repealed, [ think, all the acts in relation ‘to the surplus revenue, aud discharged the States abaolutely from ali obligation to repay their quota of that revenue. I want to inquire whether this report preserves that section? Mir, Stevens —It is all out of this substitute. Mr. Baxer—I wish to inquire of the Chairman of the ‘atom of direct taxation | Ways and Means Committee whether goods now in bond avo to pay the rate of duties prevailing when they were bonded, or that which shail prevail when they are with- raw! Mr. Brevews—All goods atrendy imported, or which are now ob shipboard, will come in under the duties which The provious question was seconded, aud the main ques- ordered tobe pnt. ‘iui, - tion My, minspmeceas called for the yoas and uayson the a the report. . i yous and nays wore ordered, Question was takon; and it was decided in the affir- mative—yoas 89, nayn 39, as follows:— Yeas~! ley, Arnold, Ashley, . Aldrich, aq joldsmn)| , Joseph Bally, Baker, Baxter, 'B canota P, Blair, 1S. Blair, Blake, George It. Br ugiaton, Calvert, boll, Gbambérlain, lark, Cob) od fax, Frederick ’'A. Ung, Roscoe Conkling, Cornin 16, vis, Dawes, Delano, Diven, Duell, y ards, Eliot, Fenton, ‘Fegsouden, Franchot, Frank, Gooch, ranger, Hale, Harrlgon, Hortou, Wutett . Kellogg, Will . Lansing, Lea joy, MoKean, MeRnignt, ‘McPherson, RonF Mog Sunt No i ter, Fa Heat uh ks, Sh rina, 5 B, Steele, barger, I niding, John Walto: ‘on us according to our representation tation, | EF. Ws Albert 8. White, Windon and Worcester—89. rs—Mesars, All Bei Ox, But these are not the times to talk about questions of | otis Crittenden, inten Boe tah Cinhtee, Hatene Hook: that kind. I think that whatever means we have to fur- ng, Holman, Jackson, Jognaon, oan, May, Mallory, nish to the government should be applicd. refore Went ) Morris, Nobi jowton, Odell, Pendleton, Reid, submit to the bill aga matter of om Samos B: Boliinas Shell, ‘smith. frow bridge, Vallandighann’ neceasity. Mr. Witxixsox—I shall votefor the bill, notwithstand. ng I believe it will operate very hard on the people of the now States, where it is woll kuown they baye no money; they aro almost eutirely destitute of it now. ‘Since thia condition of things haa existed, it is still harder ‘than it was before; but] am relieved somewhat from the embarrassments which seemed to press upon mio na a ro- presentativo of one of the newest States of the Union, by the provision of thia bill in relation to an income ‘¥. ’ which seems to bear harder on the older States than the new. AI said before, I have advocated this war; I have been for it; Tam for it now; and I will give every dollar of my own that I'can raise to carry iton. Ihave felt it neoossary to make this statement, becauge m: vote in relation to this mattor might be misuadorstood. Under othor circumstances, and were it not for the pro- visions of this bill providing for an inconie tax, I should cortainly vote against it. Mr. Knunvuoy—As gentlemen are oxplaining their votes, and many baye put their votes on the ground that this is & war moasure, and have said that they will vote for it only as ® war measure, I fool myself constrained to say that, as a war moaguro, I shall vote against it. J am sure my State docs not desiro war, belicving that war is an end of this Union. Mr. Carittx—I have not had an opportunity to examine this bill since tt has been returned to the Senate, but I am instructed by my Legislature to yote to raise any amount of men and any amount of monoy that inay be necessary to gustain the administration in its effort to pro- tect the Union against those who are ognent. in a con- spiracy to overthrow the republican tution under which we have beon born and reared. I should not my- self vote for this bill in its present form, because my judgment does not approve of it, no far as I atp able to understand it; but acting under instructions, I shall vote yea.” ite. ‘Tuomson— As it is the fashion of the day for Sena- tora to give the reasons for their votes, I will say that I shall vote for this bill very cheorfully, and shall vote for it asa war measure. Iam in favor of putting forth the whole power of this governmont for the purpose of crush- i ts day. Mr. Jouxsoy, 0 my vote, that { wote for this bill because I believe it to be necessary to sustain the credit of the government. It is now involved in a war brought upon it by conapiratora, by traitors, by asot of men that bave combined for the deliberate purpose of elgg « aggre by 4 vernmont, and changing ita whole character. the details ‘of the bill, in casting my voto for it I shall not commit mysel to them, but I ahall commit myself to, the great proposition to tain the government in this crisis and in this great emergency. I believe it ne- ooasary to the preservation existence of government and its credit; and I shall therefore record my yote for it, without del ite dotails or to (ries principle t may be in- volved in it, but] shall voto for it aa & measure to sustain the government against an invasion, an unholy aad unjust invasion, that is now being made on it. The question was taken on the report of the Committce of Conference by Bia) ant Mr. La that if my vole was necessary to carry this bill, or con- firm the ri 't of the Conference Committee, I would give it. Twould give it beoause the dominant ‘party of country ask i Red ‘ese era (eee, fos judgmont by my vote. Tt is ui , however, for the bill has ‘passed this body, and I, therefore, shall record my vote againat it because I disapprove of the features of ‘Wiis bill in numerous particulars; and I think for the pur- poses of revenue it will be found wholly defective; and it will take, in my opinion, an army of # hundred thousand ‘men to enforce and collect the revenue as laid down in the Dill. I voto ‘‘may."” ‘The result ined announced—yeas 34, nays 8—as fol- lows:— Yeas—Moasra, Anthony, Bingham, Browning, Carlile, Chandler, Clark, Collamer, Cowan, Dixon, Bapht ie, Feasen- Rais, Harian, Barri King, Lane’ of Indiana, McDougall, Rice, Sherman, Simmons, Sumyer. Ten Byek, ‘Trumbull, Wade, Wilkinson, Wilmot and Wil: Navs—Mensrs, Breckinridge, Bright, Johnson of Missouri, Keunedy, Latham, Polk, Powell and Saulabury—8. So the report was concurred in. Am was afterwards received ftom the House of den, Foot, Foster, Grimes, Howe, Johnson of Tennessee, Morri Vibbarc ‘oorhees, Wagaworth, Ward, Webster, Chilton A. Wah, Wooksuend righ 39. Bigs. chete So the ere was adoptod, During the vote, Mr. ARNOLD aaid—Mr. 3) or, not being able to get a ‘iter law, [ am compelled to vote for this. I yote 0.2? Mr, Cotrax—Will it be in order for me to say that I agree with the gontioman from Illinois (Mr. Arnold)? I vote “aye,” Mr. Sravaxe moved to roconsifer the vote by which the report was adopted, and also moved to lay the motion to reconsider on the table. The latter motion was agreed to, Barglary at Fulton, New York. Futon, August 5, 1861 Adaring burglary was committed here on Saturday night. The dwellings of Samuel F, Case and Charles Case were broken into aud some $800 worth of silverware taken. FINANCIAL AND COMMERCIAL. Monvay, August 5—6 P.M, To-day’s bank statement compares as follows with that of last Monday:— Week ending. Loans. Specie. Circulation. Deposit uly 27... ..$112,311,832 46,900,721 8,324,368 93,687,933 August 3..,, 111,719,111 46,226,181 8,585,594 92,220,384 1 OT4,540 — 1,458,549 oe 26, pa 692, Decrease... Increase .. F This is rather an unexpected statement, in view of the large receipts of gold from the Mint, the ar- rival from California and the loss of a million by out the rebollion that exists in the Southern States | the Sub-Treasury. The banks apparently have ‘a of Tenn.—tI wish to say, bofore recording | been losing gold to the interior. The loss of depo- sits is singular, too. The reduction in the discounts proceeds from the causes pointed out in this morn- ing’s Herat, and is an unavoidable occurrence. The bank discounts must continue to run down until government begins to negotiate heavy loans. Mer- ») cantile paper will continue acarce as long as the war lasts, There is no change in the money market. Good committed to | paper is extremely scarce, and the discount bro- kers are doing little or nothing. At four per cent any amount could be borrowed on good security. The suspension of a house inthe sugar refining business is reported. We hear of no further trouble ad . rise morely for the purpose of saying | among the dry goods dealers. The affairs of Claf. lin, Mellen & Co. is the subject of general con- versation, and hope is everywhere expressed that they may obtain the extension they need. Very little business is doing in fereign exchange, and rates are a fraction lower. Bankers are buy- ing at 107 and selling at 107%, but we hear of few transactions either way. Rates must fall fully one per cent before it can be made an object to bank- ers to buy bills for the sake of importing specie. Stocks are dull again and prices irregular. Out- side buyers are too few to suit the purpose of spec- ulators*for the rise. To induce the public to pur- chase, bold operators take the advantage of cheap money, buy and hypothecate stock, give the market the appearance of scarcity, and quietly await the approach of some favorable turn in political or Represontatives, by Mr. Ersanipae, ite Clork, announcing | financial affairs to bid up prices, when they sell that the House had agreed to the report of the Committce of Conference on the disagreeing votes of the two Houses: on the bill (H.R. No. 54) to proivde increased revenue from imports, to pay interest ou public dbt, and for other out, pocket their profit, and watch the receding wave of public confidence in order to repeat the operation. These movements, made of Jate with May sig considerable skill and dexterity, are beginning to . Bi -—I move to print a thousand extra copies of : the rareuae Oil in the sae in which it has been assed be understood, and the daily diminishing traffic of to-day. It is a measure of very general interest. There will be many inquiries in regard to {t; and if we can send priuted copies of the bill, it will su the necessity of answering & great maby letters. ‘The Presiving Orvicar—The motion will go to the Com- mittoe on Printing. ir, BriGHt—By unenimous consent, the Senate can make the order, (“. .") Two thousand is named. Tt will not be too many. 1 make the motion. ‘The motion was agreed to by unanimous consent; and it was Ordered, That thore be printod for the vee of the Senate two thousand copioe of the bill (H. BR. No. 54) entitled ‘An act to provide increased revenue from imports to pay the interest om the publie debt, and for other purposer, as the same has passed Congress. THE DEBATE IN THE MOUSE. In the House of Ropresentytives, of the same day, Mr. submit the following report of a Committee of Conference. * * I think I can make the House understand what changes have been made, without reading the sub- stitute. The committee took up the House revenue bill as the foundation of their action. They altered that ina slight degree by reducing the duty om coffee from five to four cents per pound; on cocoa, from five to three cents; on sugar, from two and one-half to two cents; on chiccory, from two to one cent; and upon ground chiccory, from four to two cents. The committer have also added so much of the revenue or tariff bill of the Senate as referred to liquors, theroby adding twenty-five cents ber galled to brandy, making the duty $1 25 per gallon, and addin, the duty on other spirituous liquors ten cents per gallon, and on wine ten per cont ad valorem, making that Atty per cent ad valorem. The committee they took up the House bill laying a direct tax, 1 may as well say here that, althongh this was done with relactance Dy the committee on the part of the House, yet the Sen. ate committee were of opinion that they could not get slong well without uniting the two bills, and, as there was no particular objection to jt, the House committee agreed to it. They took the direct tax bill as it wae sent to the Senate, and made no essential alteration in it, con fining themselves entirely to verbal amendments which ‘were necessary. The committee then took up the income tax bill of the Senate. That income tax was pot as bur- devgome as the House provision. Take a farm, for in stance, and from the income thereof you deduct first al! ‘he taxes which are paid thereon, botb national and Joca), before you reach the income upon which the income tax is to be lavied; and then no income tax is to be levied upon incomes of less than $800. The House made j After deducting the national and loeal taxes and the $300, we impose an income tax of throe per eeut upon the resi: due. Where persone reside abroad who hold property in this country on which they derive an income, which they spend abroad, we have laid an income tax of five per ceut. We thought it right that they should bear more of the burden of the hagas See those who apend their income in the United States, which shall assume the direct taxes as provided in the bill, there shall be none of the machinery which was re quired in the House bill; and even in those which do vot we have provided for putting into operation the syatem not to Have a large as the jn be proposed by the Senate, which is holders appointed, but that come ttx if to bo agaessed wpon a small o sons in each State, the Secretary of the appoint such aesistante Ae he thinks neces tax. The compensation which cipal assessor and collector it And that of thea, thereby reduce the allowance which was proposed by the Bovée, Upon the whicia, al though it will be percelved that the House has thrown off arovenue of some four million dollars from what their Dill would have produced, they have simplified the ma Bot to exceed excveding $1 ebinery ed the expenses of collection. Upon the whole, [ think, It will be very satisfactory to the coun try. fought to state that the excise duty, which Uh House provided for, iv entirely qmitted 1a this bill. I move the previous question upon the adoption af the report wagther 1 wadgretond Uys matter corregtty ‘e have provided that in all the States | nie not | ir. VaLLANDIGAAM—I desire to ask the chairman of the \ the Stock Exchange indicates its early participa- tion in the common destiny of every other branch of business. The modification of the Sub-Treasury law is used as an argument to stimulate specula- tion, upon the hypothesis that its effect must be to aid in the expansion of the currency, from the in- creased facilities afforded to the solvent banks. A careful examination of the new law must, however, lead to a different conclusion. It is an adroit de- vice incorporated into the Loan bill to woo the banks to more liberal subscriptions to the loans, upon the assurance that the specie will not be drawn from the vaults until it is abso- lately required for governmental purposes. There is no change whatever in the Sub-Treasury law, except only in so far as the banks subscribing may hold the sum subscribed subject to the order of the United States Treasury on demand, instead of pay- ing it in on the day designated in the official adver- tisement. When the sum is called for it must be paid into the Sub-Treasury in coin, precisely as it is paid now. Some banks may have the boldness to subscribe for @ million of dollars of the new loan, pass the sum to the credit of the government, receiving seven per cent therefor, and afterwards lend it to Wall street at five or six, thus obtaining double interest for the amount; but it is hardly to be believed that, asin times like the present, or those which cast their dark shadows over the fu- ture, many banka wil) be found bold enough to enter into that kind of business, At the morning board to-day the market was irregular, aad the volume of business done was small. The new go- yernment 6's fell off one per cent; United States 8's were steady. The last steamer from Europe brought several orders for United States stocks, limited, however, below present prices. TPreasw notes did not vary. As a general rule State stocks were higher. Tennessees advanced 4, North Ca- 14, Georgia’s 24 and Virginia’s 1. were an exception to the rule, and declined Lhe railway share market was very irregular. Erie advanced 4, Harlem preferred %, Toledo %; | on the other hand, Galena declined %, Rock Island | 24, Michigan Central 44, Hudson %%, Harlem, old, |. New York Centeal was steady. After the | hoard the market was weaker, and sales of Central | were made at 14 decline. At the second board the whole market waa dull, the following being the last quotations:—United States 5's, 1874, 7944 a 2; ‘Tennessee 6's, 4344 a 4: Virginia 6's, 5) a “As Miesourt 6's, 48 a; Canton, 9 a 24; Camberland Coal preferred, 47% 9634: Paritic Mat, 73 at New York Central, 76%, a Brie, 244 44: Hudson River, 34%, a %; Harlem, 1014 a 84, @o. preterred, WA 0 Ne . 3614 a 44; Meohigan Central, | } 419g 42; Michigan Southers ang Nortern Tadiana, 4934 a %4; do. guaranteed, 2854 n 28 Panama, 107 a JO7Y4; Mlinois Cqutral, 64 4 4; Galena and Chivage 6334 & %; Cleveland and Tol.Mlo, 0%; Chioage and Rock Island, 10340 %jOniveme bechagnee sot Quincy, 65 a 59; Milwaukee an’ “ 14%; La Crosse and Milwaukee lant bonds, 10 a 11; Iinois Central bonds, 89 a ‘The business of the Sub-Treasury was 88 follows to-day:—. rr i t- treasury Notes. Payments sents) wetes fe ce. sniean 6,824): by | The New York Fire and Marine Insurance Com‘ pany have declared a dividend of six per cent, pay- able on demand. The Irving Fire Insurance Company have de. clared a dividend of five per cent, payable on the 0th instant. The Chicago and Rock Island Railroad earned in July, 1860 and 1861:— Suly, 1861 "1560. The Galena and Chicago Railroad fourth week of July:— Fourth week, 1861 «3860. Increase. - 21037 against ‘The whole month foots up $144,124, $80,705 the same month last year. The following is a statement of the earnings of the Buffalo, New York and Erie Railroad for the month of July, 1861, compared with its earnings for the corresponding month of the previous year:— $46,289 82 44,040 47 TNCFEARC.... ssecererseeees seers $2,240 35 Mr. Treasurer Hastings, of Wisconsin, gives an elaborate statement, under date of the 30th ult., of the disposition of the State war loan among the Wisconsin banks. It was found impossible to ne- gotiate a sale of the bonds in the New York mar- ket above seventy percent, while the Loan act expressly forbade a sale below par. The Commis- sioners, therefore, rather than the Legislature should be a second time called togther—and which could not afford the needed relief before the State finances, already overdrawn, would be serl- ously embarrassed—decided to effect an arrange- ment with the State banks, to the mutual advan. tage ofeach. Under the agreement made at Mil- waukee, June 25, thirty-four banks have now taken $300,000 of the loan, apportioning it among themselves, and paying sixty per cent, in coin or exchange, ten per centin their currency, and surrendering coupons of the bonds to cover the remaining thirty per cent. The banks taking the loan and the proportion to each are as follow Bank of Columbus Bank of Fox Lak Bank of Greea Bay Bank of the Interior. Bank of Monroe. Bank of Moneka. Bank of the Nortiwes Bank of Sheboygan. Bank of Sparta....... Bank of Whitewate City Bank of Kenosha. Columbia County Bank Commercial Bauk. Corn Planters’ Ban E. R. Hinckley & Co.'s Bank. Exchange Bank of Darling & Elkhorn Bank...... ie Farmers’ and Mechanics’ Ban! Frontier Bank .. Hudson City Bank. Jowa County Bank. Northern Bank ... Oakwood Bank Oshkosh Commere'al Bank Prairie City Bank...... Rock County Bax Rock River Pank, Rockwell & Co. Sauk City Bo oe St. Croix Valley. Ban! Sun Prairie Bank. Walworth Count; Waukesha County ¥ Wisconsin Pinery Bank ‘The bonds are'deposited in the Bank place of Southern eecurities. After De the law which th y United States or the State of Wisconsin will be received as 8 banking basis, and its effect will be to protect the bonds from ever being sokl at a ruinous sacritice in the New York market. Nearly ali the banks of the State are how received by the Comptroller at par; the securities of several others are above ninety per cent, and the under- standing is that all the banks willat once make good their margins. Aunexed is a statement of the condition of the banks of Missouri, on the 1st of July:— Resources. BEET oBEee SESES5S3E SakSSoS53 Bere ttit tty = es 32553 BESERANLoBBo raw’ 383 Capital in branches..... $4,808,794 64 Discounts... + 6,815,372 84 Exchange matured ‘397 242 4T Do. — discounted 6,491,882 05 Suspended debt. 1,095,203 3 Due from banks. 1,747,455 22 Expense account, 252,101 90 Bank notes. 2,838,878 07 Specie... 5,181,994 Ob State bonds, 5 Real estate. Total Capit al owned by State. Do. do. © individua 10,118,619 66 Deposits... 2,094 '869 66 Interest exchange. 833,282 16 Unpaid dividends. 9,568 86 Due banka . 1,821,511 1T Circulation 111,730 00 Due parent bank Due for capital... Contingent fund. ‘TOL 4d SUB i vgs cas 5 : t+ eee +6$80,297,167 04 Annexed is a statement of the business of the Philadelphia Mint for the month of July:— Gold Deposits. From all sources seen ee ees 00,585,573 6% Silver Depaaits. giver amt paras ee inierai, 1500818 Cop; cents (0. S.) received in excl Re vias ot ew arto: » 4,586 00 Total deposits,........+. Gola Coinage. No. of Pieces.” Double eagles, see 406,610 Kagles 1,700 17,000 00 Quarto 1205282 a00,f05 08 Quarter cag) \ Fine bars... 3,408 54 Total whe $3,402,212 54 Silver Coinage. Half dollars + 294,000 $147,000 00 Quarter dollar 182,000 08 970,000 00 $11,000 00 $8,402,218 64 19,000 00 ise 8 2,468,375 $5,782,213 54 The Chicago Tribune of Friday thus notices the money and exchange market of thet city. There is really no change in the money market. Amoug produce dealers it ts plenty, while in the channels of gene- ral trade it is scarce; but ‘considerable improvement is noticeable al! round. "It is sincerely to be hoped the ten— dency to greater ease will increase, for it i¢ decidedly un- comfortable for the community ove Pinched in the: for too long a period. An occasional squeeze does be for “it restrains oxiravagance and. fosters wholesome habits of economy. New York exchange continues aban~ dant. Quteide aud on the Board of Trade it sold freely at par for approved currency. ‘The banks buy at that and sell at Sgc. promium. Customers who bappen to have parcels to dispose of might, perbaps, obtain of their bamk- er 4% a % premiun. For coin it sells at 6 a per cont discount. The St. Louis Democrat of the same day re- marks:— The money market was ag dolt as it could be again te. day; nothing was done, Exchange dropped to 6% a T per cent premium, and po demand. Gold is plenty au@ rolling at the price of exchange. The government money scattered about for army supplies aud to pay Sraepe, be- gin e coin more easily comeatable than for séve- Tul weeks back. ‘ The Cincinnati Gazette, under date of Priday evening, says:— Business was bout as dull to-day as the weather wae hot, and t those who Were compelled to breathe our eros , nothing more need be aaid te indica siness of trade, Nothing transpighd in the ney market worthy of special notice, Exyhange was ibe sales Ab moni of the Louses not heing equal to the jalthough che fatter were quite lyuited. Rates us Total Silver...seseeseevess 822,000 Gold was active. Diy etoadys, the receipts the past 100 tons Vise than the toanage of The rece¥,us for the season to the F the reeves ive reports—."several of which are oniy } to Saturday of © 4,181,400 tons, against 4.305.665 tour vrr¥ sponding daves last year— Showing @ Hoss Ving. The tonnage by the Penn syivunis Coat Compan: now Tess than it was to the sutue time last year, ‘notwithatanding ils favorable com uronecraent, showing a handsome fucrease for the fret Ww Gy bleed MONLY, Of the eenion. On the Reading, the