The New-York Tribune Newspaper, May 8, 1866, Page 1

P e R0 yor. XXVIL..No 7,82, "PROM WASHINGTON, | important measures before them, which will be reported 10 a few days, looking to an early development of the North-West, Several leading railroad men are here in conference with them, among whom is A. W. Morse, who ¥ ey OUR SPECIAL DISPATCHES. | o bitte Bagia whi mase. sn vt o the lakes, - PUGILISM. ITENS 0P LOCAL AND GENERAL INTERBST. | aoer o o Fetween” o sotorions onghe i bailing respeatively from Baltimore aud St. Louis, will come off ut daylight, to-morrow morning, on the Virginia side of the Potomac. The principals in the affair are un- kuown except to the faucy, many of whom cross the river to-uight ty sleep on their arms, avd be on the ground to witness the brutual exbibition, Cholera Legislation 1o e Had for All Ports of Entry. EETS—— : 2 DISSENT FROM JUDGE SMALLEY. A FISANCIAL FANIQ The Commissioner of Tuternal Revenue in a letter of | reply to o gentleman of Buffalo, N. Y., dissents from the g - o recent decision of Judge Smalley of Vermont while sitting el G e i L in equity in the western part of New-York. The Com- PROCEEDINGS OF CONGRESS, wissioner ays that the rule 1aid down by Judge Smalley = $ a8 o the cases in which he thinks the Judge ought not to i give wid to the Assessor, must, Le supposes, be An Official Mistory of the Rebellion, | tshen oo the o of that Dissict, ws Judeo Tl J appears to coneur in the opinion of Judge Smalley; " e but as to the right of making a sccond assessment, the | Commissioner does not regard Judge Smalley's opinion, even in his District, cither as an authority, ora precedent, | for his decision cannot be deemed to extend as a pre- cedent, and in its legal effect beyond the t on which the case turned, viz.: the Assessor's right of investigation Trumbull's Amendment to the Postal bill Recousidered—21 to 18 oL = 5 E y in the manuer proposed, in that class of cases represented ¥he Blective Frauehise to be Unabridged in the | by the case of Mr. Brown, which class, moreover, embraces T Ty only such assessments as were made prior to the time Territories. when the law of June 30, 1861, took gffect, and not such b A= b assossments as have been made since that time, The rest ro-is £ 4 of the Commissioner’s opinion contaivs views not called NITED STATES COURTS IN VIRGINIA. for by the case actually before the Co PARDONED. i 1 K Limitations of Debate en the Reconstruetion | convieted in the Northern District counterfeit money, and need 1o one year's iwprison- went. Robiuson bad served one year of bis term of con- tinemen Robin The President to-day pardon , who was Projects s Cousideration of the Reverue Bill-lmportant Speech by Mr. Norrill of Vermont. CHOLERA LEGIS TION, Dr. Sayre of New-York, o! the head of & committee of ewinent pt ans appointed by the Medieal Conve: recently assembled at Ballimore, were to-day in couference with the Senate Committee of Commerce, for the purpose of devising some legislation to prevent the jutroduction and spread of Asiatic cholers in the United States, After T A ERAL BUSINENS, ——— Wasmyrox, Menday, May 7, 1660 the effect that the Secretaries of War and the Navy, with i KCHANTS' NATIONAL BANK. | the n of the tary of the Treasury, shall The doors of the Mercha: National Bauk remain | canse an efficient and uniform system of quarantine against open, and the officers remain there, mak iwes of | the introduction into the country of Asiatic cholera fature redemptic t with no prospect of through its ports of entry FOL) them. 1t there was on deposit from | qny Auoctated Press. accontt of Iudian funds, Wasuisero: douday, May 7, 1866, Aent, dead letter, fraud, waste AUDED TO THE PREE LIST. 1,000 The Committee of Ways and Means bave added the 2 " following articles to th. list of the amendatory tax partment, $5,00 r Paymasters and Qua bill icking, Aressed or smoked ; flavor- tere, $640,103; tot Xi 0. Gep. Spin. solely for cooking purpe paimtings and uctions of electrotypes, manganse, cobalt, I kes, yarn and warp used for braiding and manu- pur\wsv.fl. paper-stainers’ colors, caustie and crude & aluminate sods, yeast powers, and railroad iron. The Committee have tored the tax on gold watches and gold and silver plate, and leave the tax on Express companics at 3per cent. Brokers' sales and con- cts for merchandise and produce are cxempted from e amount Lecessary ke bank about §140.0 ment of $347,000, ers, or count or the redemption of the ), leaving & loss for th facturi g recourse 1o stockhold bable on return of u large uk, or the bauk recovering, frow the general assets of the concern. withe u the quiry now going on will scon demonstrate . the amount of the pr posits, their liabilities aud A O e il app of the b wseets, Information from Baltimore indicates that noth- | 4 :\ H.y N .,(”,f ,\, ! aymasters, and 30 Assistant Pay suall be regularly promoted and couimissiol Assistant Payn ers, and Passed Assistant Pay ing of any account will be recovered frow Bayue,or Bayne & Co. of Baltimore. A FINANCIAL FLURRY. fromn Assistant Paymasters, and all Passed Assistant Pay The failure of the Merchants’ Na al Bank has cansed | masters authorized by this n('ll to be appointed and genc oling of dissatisfactios Sin sitors iy, | commissioned ws Assistant Paymaste and all s gencral fechug of diseatisfaction awong depositors it | yigrant Puymasters berehy authorized to be appointed otber institutions, aud to-day quite & run was made Upon | .hall be selected from those who have served as Acting scme others, and a large amount of deposits have been | Assistant Paymasters for the term of one year, and who were eligible to appointment in the grade yewoved to Jay Cooke's, the First National and to the Uuited States Treasury. There are no other suspensions however, and it is announced by Maury & Co. that they will resume to-morrow. : CASH IN HAND. ©On May 1, there wasin the varions public dvpositaries $24,229,730 39, for which there are Governu. Yeld by Gen. Spinner, amounting to $36,114 nted Acti Paymasters when they were a Puymasters, as aforessid. sub iniitions as are required by la tablished by the Secretary of the Navy. Passed Assistant Paymasters shall give bonds for the faithful performance of their duties in the sum of $15,000, and their annnal pay shall be, at sea 0, on other duty $1,400, and on leave or warting orders $1,200, GRATITUDE TO OUR DEPENDERS. The President has also approved the Jois olution de secunities THE PETROLEUM DUTIES clariug that it is the duty and the privifege of Congress to The only members of the House to-day who tried to | €Xpress the gratitude of the natic to the officers, soldiers . v off ko E ” and 8 )f the United States, by whose valor and en prevent the taking off of the tax ou crude petrolentn Were | jurance, on the land and ou the ‘sei, the Rebellion hax by er humbled 3 tof tbree members who always vote against every measure | heen crushed, and its pride and p ivtroduced by the reg committees, viz.: Chapler, whose fidelity to the cause of fre dom the Governme Ross, and Harris. the people fias been preserved and maintained, and by whose Iy return from the fire and blood of civil war to the peaceful purenits of private life, the exalting nnd en nobling influence of free institations upon & nation has been signolly manifested to the world. IMMATURE CERTIPICATES OF INDEBTEDNESS The Secretary of the Tre ice that the Treasurer of the United Stat structed 1o re ceive aud pay immatured United States Certitieates of In ness with acerned inferest to the extent of $20,000,- 400, if presented to hiw before the 1t prox. e XXXIX1u CONGRESS. FIRST SESSION. SASSINATION AWALDS. v nearly unanimously directed the Com- mittee on Claims to examine into the awards for the cap- ture of Booth, Harold, Atzerodt and Payne. The action of the Military Board in attempting to ignore the merit sud braios to which the country is indebted for these arrests, and 1o baud over the offered rewards 1o the tools aud not to the directing officers, whom they aduiit are en- titled to the credit, will never be sanctioned by Congress, it being too fagrant & wrong, and 100 uu- precedented a principle tobe sanctioned by law. There ira | generally credited rumor that the award finally sgreed 1o by Judge Holt and Adjutant-Gen. Townsend are not their Bret figures, and that they were indueed to rabe the prize laws of the pavy, which are watters of chance; and ignoring all merit and justice, to divide the promised smounts by cLance. VIRGINIA FREEDMEN. The Iuspector Genceral of the Freedmen's Bureau in Vir- ginia bas just reported to the Assistaut Commissioner at Richmond the result of & thorough investigation of the affairs of the freedmen in the State of which Le bas just vompleted an inspection ; his report on the whole is com- paratively favorable. He represents the vanous colored schools gonerally well attended, and tLe prejudice existing wgainst the freedmen, slowly, but steadily diminishing The sanitary condition of the freedmen Las so far iw- proved throughout the State that all Bureau hospitais have been abolished, the employers, in compliance with the terms of their labor contracts, furnishing the requisite medical attendance. The demand for labor greatly exceeds the supply in all portions of the State. The wages of the -4 SENATE ... WASHINGTON. May 7, 1466, REPORT OF THE SMITHSONIAN INSTITUTE. The CHAR laid beforc the Sevate the anuual report of the Smithsonian lustitute for 1865, Referred to the Com- wittee on Printing. PRINTING SURGICAL REPORTS. Mr. JoHNsON pressuted the mewmorial of the Med cal As- sociution, recently convened at Baltimore, askiug that the surgical Report of the late war be printed for public use. Referred to the Committee on Priuting. NEVADA ACQOUNTS. Mr. $18WART offeredon joint resolution for the setile- ment of the acconnts of the Territory of Nevada, which was read and ordered to lay over for the present. TAXING NATIONAL BANKS. Mr. SieryAN offered a resolution for the printing of 3,000 copies of the Supreme Court on the taxation of the National Banks, with the opivion of the difforent Judges. PATENT OFFICK REPORTS. Mr. AxTAONY called up a resolution to reduce the num- ber of copies of the mechanical part of the Patent Office report from $10,000 to $4,000, and it was passed. PUBLISIHING THE VOLUNTEER ARMY REGISTER. Mr. WisoX called ap a joint resolution respecting the ication of the volunteer armny register, directing the pu male freedmen average sbout $12 per month, includiug = canceling of the volumes of the Volunteer Army Register fuod, quarters and medical sttendance, alrendy printed, and the preparation of & correct roster of every vol iment, under the superintendence of iy 3 nteer re ISTERNAL REVENUE- the Secretary of War, and it publicat on a plan pre- | {475+ NEW-YORK, TUESDAY, MAY 8, 1866. linois of passing | | | of the Sen 4 free interchange of views, the Committee unanimously | instructed their chairman to report a joint resolution to | | until the Senate consented to bis uppomtmen | by the rr | President used the [ The receipts from Internal Kevenue to-day were pared by the Superintendent of Public Printing. 1,128,205, Mr. GRises asked what was the uecessity for such a PERSOSAL. publicat 1o his State, and in nearly " every other " ; he supposed the Adjutant-( con- The Count de Lasteyrie of Parix, Wyember of the \formation sought for, iu s correct form. It | cost, perhups, $100,000. Wison said it would cost about $240.008 10 It d require at least three volumes accord- 1o the most economical plau proposed by Mr. Defrees, Mr. GGermes sad if any publication wis made it ought to emhrace the nsmes of the men as well as the ofticers. There was 0o reason why the name of a second lientenant should ba printad and tht of the orderly sergeant omitted. The contemplated work would only embrace the officers. thought it best to publish in three volumes s of ull the officers. ),000 soldiers, it would be better, but that or 6 volumes. tion was, on motion, recommitted to the Mili- tary Comtmittee THE GRADE OF GENERAL. ) revive the grade of General in the army was u the House und referred to the Military Com- French Institute, and until the accession of Louis Napo- leon, & prominent representative in the French Assemblies, wrrived in town to-day. The Count is & liveal descendent of the Marquis de Lafayette, ; Brevet Col. B. E. Johnson, V. R. C..aud Col. John ' Mansfield have been ordered to report to Gen. Howard for duty in the Freedmen's Bureau. FREEDMEN WANTING TO WORK. The sssertion that the freedwen will not work was dis- groved to-day by an incident which at one time threatened w0 result serionsly. The excavation of the Weshinston Canal was commenced this worning, wheu & large crowd of eolored men were present, clatmorous 1o take possess| of the job, So auxious were they to work that they seized possession of & load of shovels brought to the canal, and were with difficulty dispossessed of them ; aud sfterward threw stones at some of the laborers engaged it digging. ’ The police, however, prevented any serious difficulty, and | - t the present writing, all is quiet. As the work progresses, iabor will probably be found for & large number of the yn. The bill received mittee {AL HISTORY OF THE REBELLION, introdaced 4 joint resolution for the pu cinl Listory of the Rebellion, w hich litary Committee. HK POST-OFFICE BILL. aerMAN called up jon to reconsider Mr. sut to the Post-Office bill. offi M pioyed colored peopre of the city. rummbuil's smend ) : M. POLAND took the floor and said, he had voted for THE POST-OFFICE BILL AND THE AMENDMENT. e endmant and. for the bill itself with great hesita- The vote by which the Senate to-day agreed to reeon- 1 with the design, if he conld not become better with it, to move its reconsideration. The sider the vote by which the smendment to the Post-Ottice | JIORREREC T L BT A omprebensive in its terms, g Lent Wi v al 01 s 8 tel Billto provent the Prosident from makicg avy Temorale i deaied any paymant of siary to offcers appoiated by during the recess of Cougress, i thought, by the best the Presilont before their confirmation, unless appointed informed Senators, to be couclusive of the fute of the | 10 il vacanciee bappened during the recess by Fuly P uation, expiration of term or removal for official smendment. The bill will will be passed to-morrow with | miscondnct, One of the mischiefs which it oot the smendment, and the same principle wili then be alulmr\l o be designed to prevent was put futo another bill wud will be passed ot o1 ces lling of vacancies which exist while the Senate THE BORTH-WENT. sorsion, when there is an opportunity to submit nof The Bepute Commytiee on Publie Lopds have sovern) is the tions, or the appointments in vacation, of persons rejected by the Bepi in session. Jf the uwflrhou Lad Vo | sider whether the bill aus If we could have the names | | | | | wrong in principle, | the use of bis | certain what it was. reater scope than this, he would cheerfully support it, for language of the Constitution was clear that the Presi- dent's power of appointment, without the consent of the Senate, is confined to vacancies that bappen during the recess, The power of the President to fi{l vacancies was not denied, bt the smendment declared that, unless they bappened in @ particular the salary of the person appointed #honld ot be paid, uuless by consent of the Senate, He thought the mover would not deny that the effect of his amendment was to declare that appointinests o vacaucies caused by removals for political reasons should not e confirmed, This brought up the old ques- tion of the power of the President to remove from oilice persons whose original appointment could be made only by sent of the Sepate, That was the boldly avowed pinion of the Senator from Missomi (Henderson), and his argument, could the question now be considercd an open one, went far toward convincing him (Mr. P.) that such was the true construction of lio Constitution. If Senators had power to refuse a) mmtinuu to pay salaries of Executive officers, he mf at its exercise could 5 be justified, asalast resort, to prevent usurpation r “ibe “destruction of the liberties of the people. If the President has not the legal and constitutional power of removal, why not say so distinetiy 1 1f we would adopt the doctrine of the ‘Senator from Missouti, why not do so in an open and manly way ! After a uni- form exercise of the power by every Administration sivee the formation of the Constitution, and after at least 30 years of undonbted and unguestioned nse thereof, Dbecome the Senate to do it 1n the imdirect and sinister wy proposed by this amendment ? 1 such is the design, is it exactly open, hovest dealing to bolster it up by affecting | to befieve that the President trauscends his power by making such removals! But it concedes, be aflirmed, the constitutional power to remove on - its face by provi ing that removals for misconduct in office shall be ex- eepted from the probibition of payment. It could not be caid that he has the power to remove for one eause, bat not for another. The idea was strange and wmonstrous that & man who legally bolds an office and properly per- forms its duties should not be paid, because his up- pointment was particularly unsatisfacto He b ieved such @ position fo he utterly “indefensible, and one npon which no party cou'd stand. He happened to say, in offering the wation to re- | consider, that the doctrine ‘seemed to him to be almost revolutionary. He had since declared that no radieal Unionist had o right to use that word, and he 1 therefore, take leave to withdraw it He stated the origi statu of the controversy between Congress and € President, and said neither showed an yet a disposition 10 yield to the views of the other, but to appeal to the veap e in the ction of the next Congress, He supposed that the g ug office, as well us the mass of | the Union pur with Cohgress, and it wus feared that the President might attempt, to enforce his views by ationage.. He hoped such was not the | e had such a porpose, this amendment | tit. If he had not, would not such action tend to produce the action we e trying to avoid. He expressed, in closiug, a finn and abiding confidence in the | soundness of bis position. | Mr. TrUMBULL in reply to Mr. Poland, siud he was sur- prised that the Senator from Vermont should have risen in the Senate to denonnce s measure which he and o m: o had voted for, to eall it political quackery; an indirect and sinister way of legislating; and 1o ask the uestion ** Why not act in an open and honest way ! Joes the Senafor from Vermont mean to impute to & | But if 1 not def cuse. wajority of this body dishonesty in ite netion, and to say that 1t is nd that it act openly and fai T will not suffer mysel betrayed into such o reply to these remarks as 1 think deserve, Ina body where we wre equal and w wotives of persons are not to be assailed, whe presimed to be a honest as another! 1 hase nese Indulged in any remarks claiming for myself honesty ; nor_bave |imputed to others sinister dishonest deeds. Th on under conside eceived Lut a small Renator's attention. W denounced it as monstrous has spoken of L <pern which no party He says that he fight withiu the pale of 1f mean by that that anybedy is t out of the pale of the Consti thivk the majority of the Seva measure Lave as much respeet for ator from Vermont, and as litle jue resort to v sinister or dishonest mode of legislation to cany out | pent | and 1t is 1o this 110 g0 1uto a his I b » dic posed tion. Does | J to make the | Why, 8ir, 1 ed for the the Constitution s the of Vermont. States, who put down the K Vermont us well as elsewl shouid be shaped to secure ¢ their valor achicved, and we sho legislation here, that the fruits of the victory, t which they made such great sacrifices, should be le position is sumply that persons uneoustitut office shall not be paid. The Renator aduits that Le wo have 1o objection to that provides that if the Pres which existed winle the Scns Senate had adjourned, that the fills that vacancy shall not be paid W resort 10 a dexperate measure ! He objects because we will not pay o msn who is put into office for the purpose of overthirowing the Union party aud turning the country over to those who have been by ou d wut whiel tighting us for five yem Mr. Trumbull then argued in favor of the amendment, reite alresdy urged by him for it. In conclusion, be remarked that if Mr. Poland was not aware that the Pres- deut was turning men oat of office, he (Mr. Trumbull was very well aware of it. The United States Marshul Pennsylvania and the Collector of Pittsbury had becn 1 moved, and if he was st liberty to refer to what was beine done in Executive sessions, be might convioee Mr P d that removals were not few or uncommon. He knew of a case in which an office-holder bad taken part in a meeting to indorse Congress, and poon after rec letter on the !ulr{v ct, asking bim 10 explain if he was ut that meeting and indorsed its action. Mr. SHERMAN 8] o agniust the wisdom wnd of attaching such provisions to the anm priation h proposition did not, as Mr. Trumbull said ide that a Iu_\'ul man should not be turned ont, and & Kebel put in. 1t provided just s well that o man who had Leld oftice tor | five years could not be turned out and & Union soldier put in his place ; or that if be was put in he could not b ‘|‘.I e awendment did not aceomplish the purpose in view. The | b the contemplated end was by direct Congres- propriety way to reac Miowal legislation, ot by amendments to appropriation Dills, Assessors, collectors, postmasters and a large class of offi might Imz;lu‘«l beyoud the power of removal ident. Congress, Mr. Sherman said, necd have 10 coptroversy with the President on this subject. If the tronage in his power against the it should be l.".. Congress al its party that elected bim, | nexi session to guard against it; but there was no need of doing so now. Mr. STEWAKT said he was in favor of reconsidering the | vote on thik amendment. He had no doubt of the power | of Congress to refuse to pay officers of the Government or to refuse w,-m- Appropriation bills. He had no donbt of the power of the President to veto any bill pussed by Cou- gress; but it was e | rect line of policy, 68 it had been the policy in the lus | cars for the President to have the power of remnovi .melhhw must have oceurred recently to make this amendment necessary. He suggested that it would be better before acting on this question to ascertsin what was the policy of Congress on reconstruction. It was said that the President would use his patronage to carry | out bis policy before knowing whether this would be rightt | or not. - Congress onght to present its plan to the country. | At presont he conf be did not know what | the plan of Congress was, It seemed to be difficult 10 as- i In the course of his remarks Mr. Stewart advocated the resolutions recently offered by him for universal suffrage in return for universal amnesty. He | believed the President’s plan was better than that reported | by the Reconstruction Committee, which he did not -ur- pose avy member of the Committee would unequivocally | indors Mr. Johnson agreed with Mr. Sherman that it t for Congress to control the appointment of | rs, and if it so desired, to vest ppointing | power in the Supreme Court. He quoted frow the S preme Court decisions to show that the power to remove Trom office was vested iu the Presiden Mr. Howe spoke agaiust the reconsideration. He was sorry 10 hear geutlemen urge ugninst the pending amend- ment thet it would provoke a colligion betwecn” Congress and the President, It was too mnch like their appeals to the fears of the public, rosorted to for 20 years prior to 1860, in support of a great deal of the legislation “of this body. Then it-was found the collision would be between the different sectious of the country. He did not like 1o hear it urged here as an_ argument that the President | would veto the il lludt:f The Beunte ought to amendments were right if it decided they were, it onght fo pess them President thinkx differently, he can send a veto he M. SAULSSURY said this controversy seenied tween the two brauches of the Kepublican party than between the Republican party and the he belouged. Thera seemed to be'two win estion of policy—a question of a co rather purty to which of that party, ceording 1o that dobate- ..n;'sm.\ Ted by Congress, and the | a other by the President. He belonged to neither. The Dem- of the President becanse ocratie party supported the polie; they l.-f' ed illllu be th p!‘ m{uhu could bring peace | and union to the countr; l‘[’d- was the unl’v interest they | they had in the controversy going on in the Repub)i | pariy. He (Mr, Saulsbury) was glad (0 hear the abfe spee ! 01 Mr. Polaud, but he sincerely rezretted to hear use the wind “Copperhiend,” a term which he thought had pass amed- | way with the passions engendered by the war, and which | he oped uever to Lear on the Senate ioor agaiv. Hespoke Driefly agaiust the pending amendment as an infringement | upon the appointing power of the President. He had yet 10 find that the prescat L e the appoiniment of the first Democratic officer, and while he was glad to suy that he wis @ personal friend of the President, | he would say that neither he nor his p were looking for officisl crumbs from Lis table. They in- dorsed him in his policy of reconstruction because he wrs right, and if bis hands fell down in that work Democratic voters aud Democratic voices would 1ift them up. It was n great mistake to nwc that Democrats wanted office from the President. They asked him to appoint wen who | voted for him, but to be sure and sppoiut those who were | 10t his enemies, He wun surprised o see Republicuns make [ war on & Presidept eurrounded Ly such e us Sowerd shd | calling the attention of Congress again o the expositio | wus referred to the Committee on Foreigu Affuirs. Stanton. Was Seward going to join the Democrats ! He could not think it possible. © Was Stanton going to desert the Repubicans? The Democrats did not want him, and wouldn't have him. The Repub- licans must keep him. In conclusion, Mr. Sauls- bury said: Andrew Johnmson might, if he acted rightly—not through the action of the Democrati party, but by the spoutancous ection, aliwost, of the American ple—become the ext President of ‘the United States. he people might will this; and if they did, the Republican party could do little against them. : Mr. STEWAKT rose to reply to Mr, Howe, Tledid not believe in tearing down the President’s platform and policy until Congress had presented a policy, and it was fairly compared with that of the President andl fonnd better than it. e President had not gone very far4n the exercise of hix appoisting power. The Senate had confirmed most of the men sent o it. The proportion of rejections had not been large. Mr. McDoUGAL opposed the amendment as contrary to sound policy and distructive to the best iwuterests of the country. The question, was taken on the reconsideration of the vote by which the followinz amendment was adopted: No person exercising or ptmmnlng the duties of any office which by law is required to be filled by the advice and eonsent of the Senate shall before his confirmation by the Scnate, re- ceive any salary or compensation for his services, unless e be commissioned by the President to fill a vacaucy occurring by reason of death, resignation or expiration of term of office during the recess of the Seuste, nnd wince its last adjournment, or removed for acts done in violation of the duties of bis office; the case and canse of removal to be reported to the Benate at its next session. 1t was decided in the affirmative, as follows: Yras—Messrs. Cowan, Davis, Doolittle, Edmunde, Fessen- den, Toster, Gutlrie, ¢ (Kavsas), McDougal, Morgan, Neemith, Norton, Poland, Riddle, Saulsbury. Sherman, Stewart, Van Winkle, Willey. Williams and Wilson—21 Navs—Messrs. Anthony, Chandler, Conness, Cres- well, Harris, Hend 5 , Lane (Ind.), Mor- rell, Nye, Pomeroy, Rauisay, Sprague, Suwner, Truwbull and Wade—~18. AB<ENT OR NoT Vorrv—Messrs. Brown, Buckalow, Cragin, Dixon, Grimes, Hendricks, Johnson, Kirkwood, Wright and Yates—10, ‘The Senate, without further action on the bill or swend- went, at 5 o'clock adjourned. o'e HOUSE OF REPRESENTATIVFS, GUARANTEES FOR FREEDOM. . JULIAN offered a resolution instructing the Judiciary to_report a bill providing that hereafter the hise shall not-be denied or abrids~d inany o territories of the United States on a and providing turther, and the of rice or » ...ug notice which the people of orgaize, shall be adwi ution shall sauction such de nial or abridgm tive franchise, At the stion of Mr. Wirsox (lowa) the resolution was modified so as simply to instruct the Judiciary Cowm- wittee to inquire into the propriety of reporting such a bill, DRIVGE moved to lay the resolution on the tuble, s lost by 29 to 76 votes, und then the resolution pted. UNITED STATES COURTS IN VIRGINIA. Mr. LAWKENCE (Oio) introduced a bill to regulate the time aud fix the place for bolding the Cireu t Court of the | United States in the District of Virginia, which was cou- | sidored and passed. 1t fixed the time of holding Cirenit at Richmond on the first Monday in May aud the fourth Monday of November i each year, and authorises the adjourninent of the session now authorized from Norfolk to Richmond. Mr. RANDALL ( ) expressed the hope that the Chief- Justice of the [7 States wonld do his doty now, aud not shirk the Mame from himself to the President. CLERKS IN THE DEPARTMENTS. Mr. Swirin offered a resolution, which was adopted. | calling forinformation from the various Cabinet Ministersin | 1 | uumber of clerks holding office under appointed, &c., 8y ng those parmy aud v the Confederate ) the latter were recotumended. THE DISTRICT. pdneed a bill to amend the thirty-fourth ration of nghts of the Stat » far as applies to the Distriet of € Mr. WELEER intro It umbia. ad twice and referied to the Committee for the Districts DEPARTMENT OF AGRICULTURE. Mr. LAwEE d aresolution, which was adopted n nitire 1o 1. quire 1o the expedie ¢ Agm-u!uut 10 oue of the Eastern States. SMITHSONIAN INSTITUTE REPORT. Mr. GARPIELD offered A resolution, which was 0 the Committes on Printing, to print 5,000 extra copies of | the Report ¢ « Smithsonian Inatitute—2,000 for the In- | stitution, aud 3,000 for the use of the members of ! House. Department o ORDNANCE STORES, Mr. SCHENCE introduced o joiut the distribution of stores States, w twice, and roferred to the Committes on Military A DEMOCKATIC FIZELK, i ‘llr, Bovak introduced the following preawble and reso- ution: Whercor, lution, relating to was read | Affairs. The Jeint Committee of Fifteen on Reconstruction reported on the 0th ult., after the srduous iabor of five mouths continued jucubation, a well- matared plan of * How wot to do it in which it has fully met the expectations of the country which is as much ae ought ordivarily to be demanded of ar'y Committee; thereforo Resolred, That said Joint Committee be discharge Mr. BroMwr1L woved to lay the Joint resolution on the table. The motion was agreed m—{‘u-, ), Nays, 2. THR REWARDS. Mr. Ketiey offered a resolution, which was adopted, iu straeting the Commitiee on Claimsto inguire into the fuir ness and propriety of the distribution of the rewards offered for the arrest of Jetferson Davis and the conspirators to munder President Lineoln. Mr. STRATSE presented the joint resolution of the Penn aylvania Legislature for an equalization of bouuties to volunteers, which was referred to the Committee ou Mili tary Affai | TAXING COTTON. Mr. STEVESS introduced u joint resolation to amed the | Constitution of the United States by wdding an article providing that Congress shall bave piwer to Jay wnd levy tax or duty on cotton orted from the United Stad which was read twice und referred to the Judiciary Com mittee, The SPEAKLE P Smithsonian Tustitute for 1865, which was table and ordered to be printed. THE BANCROPT-RUSSELL CORRRsPONDENCE. Mr. Was ~E (1L presented w letter from Mr. Ban- transmitting correspondence between Larl Russell, arles F. Adams and Baucroft, on tho subjeet of Mr. Bagcroft's strictures ou the English Goverument bis Eulogy on President Liseoln, delivered before Cou- rens. T correspondence was rewd in full. The documents were ordered to be published in 7'%e Globe, and to be priuted and referred to the Joint Com- | wittee o the death of President Lincoln, EXEMPTING PETROLEUM. Mr. GARPIELD, from the Committee on Ways and Means, reported o joint resolution to provide for the ex- | emption of erude petroleum frow tax or duty. lgr. MogrILL explained the necessity for passing the joint resolution now. The manufacturers of puratine oil ‘wore now obliged to pay the tax on crude petroleum in the face of u loss. Many of them were compelled to suspend preseuted the awended report of the wid on the | operations, and the workmen were becoming riotous, and were destroying the wells. The Committee of Ways und Means proj to tuke off the tax on the Ist of July, and | it might as well be done now, so as to let the business &0 on. The joiut resolation was considered and passed. A MATTER OF TIMR. Mr. STBENS asked leave to offer & resolution providing that in the discussion of the Constitutionsl Amendment reported by the Committee on Reconstruction, no speech shall exceed 30 minutes, nor shall a motion to extend the time of any member be entertained. Mr. RAYyoND inquired whether it would not suit the commamance of the Gommittee and of the House to allow | that question to lis over until after the tax bill was con- | sidered and disposed of. 1f the tax bill were considered | to-duy, and then its consideration postponed to-morrow, it wonld leave n great gap. He believed the tax bill would be finished in two or three days, after which the other question could be taken n? My, STvENs said the Committee had considered that nd thought it better to have the Constitutional Amendment disposed of by the House and sent to the Senate. Then tho necompanying bills might be laid over tll after the tax bill was disposed of. | Mr. BANKs exprossed his beliefthat the fullest debate and discussion of the report of the Reconstruetion: Committee | would result in bepetit to the country. He objected to ! e introduction of the resolution. The rules were suspended 0 as to allow the resolution to be offered. Thie resolution was offered, aud was, after considerable discussion, agreed to. PROTECTION AGAINST LOSS. Mr. Lyxcn offered a resolution direeting the Committee on Banking and Carrency to inquire into the legisl necessary to proteet the Government aguinst the loss of public tunds deposited in National Banks. Mr. WasnpurNe (111) moved toamend by adding, **und | that said Committee report & hill to prevent any disposal whatever of public funds in Netional Bunks.” “Mr. LYNCH moved the previousquestion, so a8 to eut off the amendment. The House refused to second the previous question, and then Mr. LANCH withdrew the resolution. EVENING SESSIONS. On motion of Mr. MOKRILL, it was or this day, evening sessions shall be held for th continuing action ou the Revenue bill exclusively. ARCOCHON EXPOSITION. ‘The SPEAKFR presented a message from the President, point, hat after | rpose of and water culture of Areochon, France, and it | INDIAN MONEYS. | The SPRAKER presented a letter from the Becretary of | the Interior, transmitbing, in complinice with the Honse | resolution of the 23d of April, ruzmnl of moneys «n hand applicable to the Tudian sorvine whinh wag Jwd 09 the tabie. of fishery | wre | of values, of about 25 s ministration of the la o | the present Commissioner is a most diligent aud couscien- | tious ofticer; but the inerease of revenue on this account | Qistributed all through our amendments, | Tenunessee, and the 1 snd that through the policy | Even though the cott - (i f | cess of munufacture lost to the manufacturer in the drawbuck, and THE EIGHT-HOUR QUESTION. ‘rmnml a petition of workmen of Roches- Harr ing that eight hours be the legal term of & Y., s orke Mr. ter, N duy's NEW ASSAY OFFICE. Mr. MORRILL, from the Committee of Ways and Means reported a bill to establish an additional officer for the assay of gold and silver, which was read twice and com- mitted and ordered printed. BHE REVENUE BILL. The Honse then resolved itself into Committee of fhe Whole on the state of the Union, Mr. Washburne of T'- lineis in the chair, and proceeded to the consideration of the Internal Revenue bill, on which Mr. Morrill addressed the House. The new reporteontains 191 pages, Mr. MOKRILL explain plaining the inerense of nearly 60 pages by stating that ‘When gections of the old bill were modified it was deemcd better 10 insert new pections then werely to amend old ones, ‘MoRRILL entered into a full explanation of the hill. revising our Internal Revenue laws, the ques- tion that meets us at the threshold is low much revenue bave we to show, and how much will our ni Sities re- quire for another year ! The last question bas been spe- cially answered by the Secretary of the Treasury, who has | upon $350,000,000, provided the appropriatious of Congress do not exceed the estimates, as the sum it would be safe to rely upon, including the revenue from the tarift a8 well as infernal taxes, In making an estimate of the probable receipts from the luttor, we have, as 4_basis, o full year and lY\n'h!unrlhnul the present year of expe rience, and the data is sufliciently complete to be of value, Jur receipts for 186465 were in round numbers $210,000,000, and the returns thus far of 18656 show that we may expect for the year an incrense of nearly 50 per cent, or not less than fron £300,000,000 to 305,000,000 Ono of the largest and best paving con- sumers of the products of the country during the war was the Government, but is 8o no longer. War prices no longer rule, and it is inevitable that manufactures must be still farther reduced in values until we reach the solid standard of gold, as recoznized by the commercial world. The tax on manufactures, therefore, must be far legs pro- duetive for the year ending June 30, 1867, than heretofore, | a8 it will be computed at a less percentage if our bill should be adopted, and on a far less agregate amount. ‘Then, a8 a general fle in a season of falling prices, it is not gains but losses which must be calculated at the end of the year. Therefore, the tax on incomes and the divi- dends from banks end other corporations for the next year eannot be expeeted to yield anything like the amount de- rived from those sources for the years ending December 1564, and Deceml 1865; nor can our foreign i imflnllanl be maintained upon their present s t is very desirable they should ot be, as_ they are, sup- plunting u large share of the labor of our own people, and use payments will at present bo made chiefly iu United States honds. Financial disaster as well as - creased depression to our industrial interests eannot fail to follow such au influx of foreign goods as we have wit- nessed the present season. That trade must in some de- -gnm!]mnmlnhnl we recover from the exhaustion caused by the war, until capital and labor ean adjust itsclf to the new conditions of peace, or until we have s thing to exchange for British, French, and_Germen iro wine and haberdushery, beside our national credit. It is right, however, to look for some increase of revenue in consequence of the close of the war, and we may expect Something from the States lately in rebellion thoiigh 1o an amount in proportion to their relative numbers. Never fruitful in taxable resonrces, they bave less now than ever. We obtain, outside of commeree, enough to cover the | bills already po in one or the other House. For extra expenses on their sccount it will equal my expectatio Vaking all these things into cousideration,us well o others 1ot necessary to wention,the Committee of Wagsand Means bave felt willing to report the bill as it stauds, which will reduce taxation the present year in round numbers about 5,000,000, 1t is also prudent to anticipate a large dimi sution from customs, as it ought not to be expected to continue at double the awount ever obtained in the most prosperous times, Our receipts from miscellaneons sources the coming year will be very light, as they have recently acerned mainly from property disposed of at the close of the war nnd pre s on sales of gold, sources already nearl t, o make Some Cow pei- sation for the s by increasing the tax on raw cott thren cents or by mising it from two to five cents per poand. Supposing that two millions of bales ahould be raised this season and be taxed, and 1 think the smount will be considerably greater, notwitbstanding the actuul nt of good seed and the changed system of L we otght to obtain & revenue from this source of $44.000.000, or i increase over the tax at present enforced of §26,400,- 000 Tl crop may 80 far excoed the number of hales ed a% 1o eover o ston which will escape plantations, aud ali thet mannfactures and upon will be safer on a lower exported in the shape o which @ drawback will be allowed; but i to estimate the probable receipts | basin. Al human calenlations are subjeet to contingencies | and tinancial caleulations are, perhaps, wore exposed to be shipwrecked of wll. But if we retain the tax on cott an proposed, we can safely release, in wy opinion, otl azes to the extent contemplated by the bill. Otherwise we wust reinstate something already stricken out of the | of taxation by the bill, or find soe new source of rev- enue whi ill produce an equal amount ; and I say this without ng v ontident, that the rates for the in- come tax he allowed to be cbanged much from the “ipts 824,926,000 200,464,000 existiog | The following were the Treasury r for the fiscal 9 ending June 30, 1865 Miscellaveous. . Total receipts, exclusive of loane..... i ; The following are the estimated Treasury receipts for the tiscal yeor ending June 3), 1866: Customs Receipts to April 1, 1866, actual coin Intesnal Reveoue to April 1, 1866, actual. ... Miscellaneous to Aprii J, 1506, actual, premiam on gold, &e. 3 Actnal aegregate Fxtimated Custom Fetimated Internnl Revenue April 1 to Jane 3 Eetimated Miscellancous Receipts Ap'l 1 to Jus Total uggregate receipts from all sources for the fiseal year ending June 30. ... .. Estimate of receipts for the fiscal 1867: receipt nl(p L 0,000, 30 60,000,000 e30 1,500,000 year ending June $125,000,000 260,000, 000 15,000, 000 15,000,000 10,000,000 ), Customs. ... Internal Reveoue. Increase on Cotton Total Requirements of the Secretary of the Treasury.. Available for the reduction of taxation. L 835,000,000 It will be seen that I estimate a reduction in therevenue received from manufuctures on account of a depreciation r cent, and a reduction upon in- comes and dividends of rather more than that amount. It rue that we shall be likely to have a more perfect ad- and [ take pleasure in saying that will be at least counter-balanced by many little favors d which it is impossible to accurately etimate. We could not, it we would, levy an export duty upou cotton; and exeapt for the convenience of collection, an excise tax way be better, as in the form itis here pro- . It is ot necessarily to be paid by the planter, and iy, iv the same manner that we now transport spirits, be removed from one collection distriet to any one other, within %0 ug bouds for the payment of the n its arrival ut 18 place of destiation. The 8 be paid by the purchaser. lu del here insidious treason from any to taxation we should ot only be nerous, and the drawback on manufactured cot of ll the tuxes actually paid in any form will redonnd lie benefit of the Nouthern and Western States, ill 8t onee manufseture coarse cottons and yarnsand upon gi days, or u) duties will proctically thu addition to this, while we guard our political against the dangers of an; quarter, when it comes just but [ Th wal and the Southern people will be the last to surrender the system of @ tax on cotton when once it shall be ndnl-l-'ll and understood. Until the production of cotton shall be solange s to reduce the price below 20 cents per pouzd or exceeds the wants of the world, this tax will not be | greatly felt by Americans, Should the tax at any time operate adversely to our iuterests, o8 1 do not think it cun at present, it wust be reduced or removed, as experience shall seem to require. Surely, if the entire cotton crop of the United Btales, save what we consume, could be ex- ported in 4 manufacty 1 state, or ¢ in a particularly manufuctred state, instead a8 exelusively o raw waterial, it would be an end worthy of a stateswan, covering our country with l)]l'Mlflfifl and wronging no man—would do | much toward extinguishing resentment and restoring kiud y | foelings thronghout the land. The Southern Coast and 0 Grande, the Mississippi, the Mobile, t annah would soon be decorated giviog ewployment totho isands, banks of the and enlivened by facto | and bringing the culture and contentment, the social lite | and comfort of orgauized industry wto regions where | hitherto usetul industry has worn the badge of dishonc The saving of freightage and in the cost of food will at least handsome profits, possibly large profits, to t who may engage ui the business. With prosperity huson nature is rarely disposed to make war. Make the South prosperous, aid we make them our friends. With treedom for wll, and with such measures x will induce them to work, they may become prosperons, v of the Nationsl Goverument crap the present scason should be the price will L o great from it thun 1 Wiy but & half of the standard erop, that the South will realize mors mon vear of our provious history, as thy f trade prove for he last 70 years that a short crop i uys more valusble than w full oue, aad heaco the uniform effect to hide the fact of a great crop. The sbrinkage of cotton in tiie pro- i is about 13 per cent, and that amonut will be . i to the Government. The principle is vot novel. low spirits, tobaceo, and sorts of domestic waunfic- fures to go out of the country without the ent of wny internal sl 1f it were possible to sscertain, with wuy recision, the tax paid on other raw materials, when fasii L\und fuk CADOSLALION, W6 W CAN UB cutlon- an fur ey ' | gold watch rps much more extensivel, than they have hitherto doue, irted goods, and we gladly al- | PRICE FOUR CENTS. ample upon cotton and iron—weshould consid nes- | tionably wise to refund the full amount paid, gy EXPORTS OF THE MANUPACTURES OF COTTON. ) 185 $2,018,652 | 166 1956 6,563,100 | 1865, 1860 5,141,544 The largest export trade we have ever kuown of the manfactures of cotton was in 1853, when it was a trifle over $8,000,000, but in consequence of the low priced K- rat cotton, and the lower priced labor of Europe, it bas steadily declined since that time, and during the lato war uealy ceased, not resching $1,000,000 in 1865, 'ass the " present law, however, and we whall speedily have restored to American merchants the Wl aimount of the foreign trade we ever enjoyed, | and in due time our country will assume that supremacy | in the cotton trade of the world to which it is™so legiti. niately entitled. The system of levying a tax upon home | manufactnres would never have been flume«l of but for | the grave neccssities of the hour. Our treasury wos ex- | hausted, our people were unused to pugln.g taxes, & lw| rty amoug onr_people were not in harnmony with idea of maintaining the Union at all hazards and at a, | cost, Toans conld ouly be obtained ot first in driblets ) | among foreign nations with aristocracies everywhere dom- inant, it was an inexpressible joy for the organs of pubhe opinion to speak of our country as tie late United Staton. Among them all there was no” Louis XVI. to send uxa wman or lend us a dollar, or even to bid us God speed in the task of putting down u rebellion the most wicked in the anvals of mankind ; and a war, not a little war, such & opr country must and will always wage if it wages any, of illimitable proportions, had already begun. Utider theso circumstances we girded up our loins aud becamne reliant, | alone, but independent, and built up the eredit of the great American Republic in the hearts of our own people ; made them see and feel that it would be safe to trustit. by weeking objects of taxation which would yield prowptly and abundantly. The experimenc proved a success. Dur- ing the whole term of war it was borne by our matufuct- | urers, and bg our whole people, not ouly without com- Jlaint, but absolutely without injury, for it'is even doubt- ul whether they ever enjoyed a season of greater pros- perity. The law was new, and therefore not poliebed aud perfected by experienco or revision; but fist pat into operation by the distinguished gentleman from Massachusetts (Mr. Boutwell), it at once vindicatesd | the propriety of its principles and policy. Often awended subsequently, in consequence of the increasing wants of the Treasury, in bearing the misfortune of fiequent changes in its chief administrative oflicers, it soon brought forth wost bountiful supplies and disclosed a resouice of | upequaled magnitnde, that can be used in any sufficiently urgent crisis, and which is an_ample requital rendered al the hour of our greatest need, for all the protection. direet | | | or indireet, ever bestowed upon the produc domestie | industry. ‘Without these products of a free peoplc, we should {xu\'u been as weak asour foes, and if not van. quished, we should have retired aftera siagle indeterminate campaign, To illustrate the wonderful fecundity of & tax on manufactures, take but a single instagee, the little tax of one cent upon each box of matches produced last year about $1,500,000, or eu»ugh to arm, trausport and keep in the field 1,500 men, and this tax had not only to contend 1 the stocks on baud, but for some time with extevsive udulent impositions. ‘The tax may be expeeted to pro- dnce mueh more hereafter, but now the duties of peace re- | tnrn, and we must simplify our laws, reduce the turdeie of tax-payers 8o far a8 possible, and cheapen the cont of | living. Allthis eannot be lone at once. Weshall do the bess | we can and leave something to be done by the next Congress and future Commissioners of Revenue. At an early day | spirits, wnltliquors, tobaceo, cigars, cotton, stamp taxee and perhaps « snall number of other objects, it is 1o be hopd, with custom duties, will afford revenne commensurate with all the wunts of the Government. The fixed ecovomy of | all civilized nations requiring large revenues appears 10 bo | 10 squeeze out of those articles considered as Juxuries by wankind, or which sustain and soothe, but never wlake Labits deplored by good men everywk the largest sumy which the most stringent laws will secure, and our prae- in this respeet, from this time forward, should douit- less conform to that of the world. Some changes arc now proposed relutise to tobacco and cigars; conecruivg the utility I have serious doubts. 1 fear the door which, 174 the past ¥ear seemed «ffectually closed, will be again opened to fraudulent practices, and that the revenue as weil s the honest dealer will sufer. 1 know that gentlcwian fox whose opinions and wishes I havo great respoet, from dis- triets where low-priced tobacco is produced, find the's joo- ple clamorous for grading the tax according to the face of it. ‘The claim would seem to be just, told by officers copuected with the administration internal revenue laws, that the law as it now working well, and that the tax on smoking tobaceo should not be reduced. perts believe that any fai tion cannot be homestly euforced, and the loss to the ‘Treasury may be large. The tobacco-growing and wanu- facturing interest, it is true, has been and is now greatly depressed, but not so much on account of the foim or amount of the tax as on account of the large intlux of taxed tobueco, which flowed iuto our warket upon tue e satlon of the Rebellion and it may be added to thai our tariff upon foreign cigars "is much too Jow, The bill proposes to wholly exempt from taxation wany articles and to largely rediice it upon others, and ug these will be found slaughtered animals, salt, suger, starch, coal, , vinegar, saleratus, clothing, bouts and | shoes, These exemptions and reductions will lessen fum- ily expenditures and be a relief to all classes of the com- wunity. Dressmakers and milliners, wielding a potont influence as they do, will no longer be treated as men with= ject to taxation , but as deserving of favor. Though they | way tax us, we 0 not propose to tax them for provisions | or products of the farm. It has been the poliey frous the start (and its wisdom has been only exceptionally ques- tioned) to keep free from taxes all fertilizers, dinin- ing tiles, and many of the more expensive implements of agriculture. It is now also proposcd to relieve freights, perbaps one of the most indefensible taxes we have had, perpetually checking comueres, and adding tothe price of purchi ell us it wh g | the price of sales. It will be scen these are to be utieily abandoned, as are all the articles in schedule A, except ver plate, billiard tables and carmages valued above $300, as by the testimony of the collertom, the tax upon all the othier articles ns are therein e brawod amounted to less than the cost of collection, while it im- | posed domicillary visits always obnoxious to a spirited | people, 1t has been considered important not to et ek uy | enterprise for building or for repairs of buildings, and to this end building materials, such us brick, freestone, warble, slate roofing, slate, lime, and cement, bave been pluced om the froe list, Tho' X iiposed upon paper, booke, wud binding, entertained with little hospitality from the fimst, 1 The is surrendered the first opportunity withont tax onknovl»die, as it Las been often styled, if it ever existed, it i to bé hoped will be now abaudoned. The | tax upon all repairs, always indefinite and of dubious pro- priety, may slso well be removed. 1f a horse raus away withi inge, or @ locomotive gets smasted, it seenn oppressive for the Government to seize the opportusity of such misfortune for levying a fresh tax. We had pro- (posed to exempt coal from any tax. If we rexand it as an article of fuel we cannot any Jowger aflord to dealers the excuse of a tax for u dear rice; if we look upon it 88 raw matenal, row which gas is made, the tax on the latter wonld se¢in to be ug great as we ought to subject an article 8o iuds- pensable to the pognlmun of all our cities and most ven- siderable towns, 1f we look upon it as the souice, the bidden gisnt of steam-power which drives so larce & part of our machinery used In manufacturing, from whieh -s0 much of our revenues acerues, it certaiuly presents stiong claims to be free, Iron being an article of such large con- sumption, shaped into such multifarious forms for the use of muukind, employing numbers so vast in its produet; and an abundant supply being alwost & prerequisite, seace of war, to national independence, the Commitiee of Ways and Means have been willing to wholly exempt pi irou, railroad iron, railacad irou rerolled, and to leave fn’n‘ #3 por tun upon bar iron. Cheap iron ix an advantage to the whole country, and espeeisily so to agriculturisis, to artizans, and even to the day leborers whe wicll but an axe or a spade. It in nise important that we should not discourago railroad eutore prises by making their cost so great as to Mihm away all eupitalists, Our iron should be made e Bus let us give our own leafair cbance to make it cheaply, That the universality of tax upon all descriptions of manu- factures in any stato or condition when offered for sale teds to a duplication of toxation is sufficiently obvious; and the Committee of Ways and Meaus have sought to remedy this evil so far s they could cousistentiy with their duty to to the Government, whose wants, though« minishing, are still imperative, ‘The increase of the tax « ! all wanutactures last year, one-fifth or twenty per cent, s our law of last year provided for, it is now proposed (o yepeal. Steel being, in the nature of raw materis), wanuficture in ite infancy and in some peril from the pressitig competition of the old world, it i decsed expedient to eutirely exempt from taxes, more especi- wlly as it will mostly be taxed when it e ey a more advanced stage of manufacture. e ! urgnwent applies to iron, which we lave not yet been able wholly to release; to all copper and 2ine, snd brass, which we all propose to releuse. The bill, bowever, will show for itself that the reductio bave been made with the sole view of the tert go of the greatest number: and in the main 1 hope they w be accepted by the House. It may very likely be vue that wauy articles not now relieved cau be poivted out having equal elaims with those g:lpolm.l for favor. kFut the answer is civilly but firmly that the time for those bus not yot arrived. The release of tax on wany articles b been done not so much to favor them or any rrfl.- lar branch of wanufactures us to favor those which §r still bearing the burden of taxation. The removal ar s it at present seemed prudent of the constant dupln a- tion of taves will cortainly tend to diminish the cost of & til we reach o solid basis . large uumber of artieles. "But un ’ fees WSt remain deat of reney equal in value to eoin and unstable, und producers aud manufactures while | working under circomstances of inflated cost w.il | be exposed to the chances of making sales ma ful- |ing, market. The reduction must come at sowe | timé, wud the hour will be severe if it comes #h | deniy. or lighter if it comes more slowly. | the same in_the sum total whether bestened or Suvings banks or provident institutions, by far the | appropriate name, it will be seen are to some <] li"odyhnm the tax on deposits—entirely refieve B ! sueh deposits are invested in United when made in suins not ex 11 eaunot be doubted that | duce those baviag but ' oo N HTd