Newspaper of The New York Herald, February 7, 1862, Page 1

Newspaper of The New York Herald dated February 7, 1862 Page 1
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TH WHOLE NO. 9280. NEW8 FROM WA8HIN8T0N. IMPORTANT PROCEEDINGS OF CONGRESS. Delate in the llonse on the Finances of the Kation* Pannage of the Treasury Note Bill by a vote or mneiythree to Fifty-four, m Be Legal Tender Clause Retained. Debate in tbe Senate on the Government Expenditures. Proposed Retrenchment to the Amount of Thirty Millions of Dollars. Test Vote on the Bill Reducing the Pay of 8oIdiers, Sailors and Civilians. The Bill Virtually Passed by the Senate. Redaction of the Mileage of Congressmen. PROGRESS OF THE WORK ON THE TAX BILL. Important Notice to Holders of Government Bonds, Ac., &c., Ac. Washington, Feb. 6,1882. FAB8A6B OF THE TBSABUHY MOTE BILL, WITH THE LEGAL TENDER CLAUSE, BT THE HOUSE. At last Congress has acted, and the legal tender Trra sury Note bill has passed. The opponents of the bill undertook to worry out the supporters of it by amendments and a long session, but the friends of the measure had notice of the fact that the Treasury was empty and must bo replenished immediately, and therefore insisted that the bill should be passed in order to restore public confidence. A test vote, at about four o'clock, was decisive la favor of the legal tender. A motion to strike out the legal tender clause obtained only llfty-four votes in favor and ninety-three against it. After a severe struggle the Boose, at about half-past five o'clock, reached a vote on and (Kh hill nBAHAdl hv mneiv tlircc jmi to dfty-four nays. There is great rejoicing in the city to-night among the bonkers and merchants from the principal cities or the Union now bare. rREPARATION OP THE TAX BILL. The statement sent to the country yesterdAy that tiie Sob-Committee of Ways and Means have prepared a rough draft of the new Tax bill, for the private use of the committee, is not true. The additional statement in the same paragraph that a few days only will elapse be Cere the bill will be matured, is another mistako, as I am authorized to say that it will probably be ten or twelve days before the bill will be ready. The Sub-Committee are working with great energy. PAYMENT OP INTO.REST ON GOVERNMENT BONDS, the order of Secretary Chase directing the payment of the oonponsof the IPthof August, 7 30-100 bonds in Hew York, will be so far modified as to mako them payable also by the Treasurer of the United States at Washington, and by the Assistant Treasurers at Boston and Philadelphia. The Secretary desires to afiord every fbctlity to the holdere of the bonde compatible with tbe Cull acainat fraud and oounterfeitine. Thi-? security is thought to b? as inponant to the holders as M the government. scarcity ok small coin at washington. Small coin continues scarce for business transactions In order to preclude the flood of small notes from a die lance, many of which are counterfeited, a hill was Intro dncedlnthe .Senate to-day, authorizing the Corporation of Washington to Issue notes of less denomination than its dollars, to an amount not exceeding $100,000. returnable in current bank notes at par In Washington, or in United States Treasury notes approval op thx bill striking kebki.s from tub pension rolls. The Presidont has approved thn bill authorizing the Secretary of the Interior to atrike from the pension rolls the names of all such persons as have or uiay hereafter lake up arms againat tho government of the United States, or who have in any manner encouraged the rebels or manifested a sympathy with their causa. It la known that soma persons in the West, after draw lag their pensions, have openly Joined the enemy, while others who have not taken this extreme step have openly sympathized with tho rebels and drawn their peusious. The law Just passed affords a partial remedy against disloyal pensioners receiving money from the government. thb waits op thk hour guards in tub border states. Home difference of opinion has arisen in Congress upon thequestiun of the status of troops raised in some of the border States for the defence of the Union. The question has been settled in regard to Kentucky by a provision in the bill for the defence of W'usliingtou and other pur poem. Tba question of the troupe of Missouri aud Mary land has been made the subject or a committee of con Terence. The commdteo this inuming agreed mikui an amendment, providing that troupe shall not be raised in Uioee States for service limited to the Stales, exception ten thousand In Mliaourl and forty-five hundred in Mary land. The committee consisted of Motors. Wilson, Hen doreon and Grimes, of thd Senate, and F. P. Hlalr, Krank Thomas and John Hickman, of the House. APPOINTMENTS CONFIRMED BT THK SENATE. The following confirmations were m.ide by the Senate to-day:?AroJi. Mclntyre, Treasurer of Mint at Philadelphia; Isaac O. Hunt and John 9. Hogebonm, Appraiser,, JIB* York; Charles H. Kid ridge, tieo. K, Thornton, Geo. riuuketl, Rdward Foster and Goo. Lawrence, Pay maslera of Navy, James May,ThomasC. Martin,L. 0. Morrill*, F. C. Cooly, A. J. Clark,Georgo Cochran, Thomas T. Caswell, Benjamin F. Camp. It: M. Penulston, R. H. 1 longlas,Clifton Mellon, Charles Hoy, Rufus Parks, J. S. Post, A.J. Pritchard, R. J. Richardson, J. A. Smith, I,. S <toekwell, George A. Sawyer, W. It. Thompson, P.ichard Washington and William II. Weldun, Assistant Paymasters of Navy. NO KNEMY NEAR UKNKRAL MYALL'S I.1NKS. General M- Call dailies the statement, published in a Philadelphia paper, that there is a largo body of the enemy encamped near his picket lines. A troop of scout tug csvalry returned this morning from a thorough reonnoissmoe of the whole length of the picket linea ami pave this ss the result of the recnnnoisssnce. OCR HKJ.ATIONS WITH MUlcn. Tiie Senato (omrolttee os Foreign ttfhire are busily en. ptgs<l upon Mexican matters. A special mooting of the Gscilii list Will ho bud ou the auMcvl lv mi rtis [E NE THB ARMY. General Fitijohn PorUr, having hem summoned on im port act business to New York, his division is at present in command or General Morell, of the Second brigade) one of the ablest Brigadier Generals in the Crmy of the Potomac. It is stated that Major Guiney, of the Ninth Massachusetts regiment, will be appointed Lieutenant Colonel, to fill the vacaucy caused by the recent decease of Lieutenant Colonel i'eard. Major Guiney came out as Captain in the Ninth. Captain Mott, whose illness and temporary withdrawal from his battery I mentioned u few days since, returned to day, restored in health. THK CAVALRY SERVICE. General looke is working bard to makts the cavalry under bis command efficient in every respect. Twice a week tbu cavalry here are required to drill in squadron, regiment and brigade drills. Lieutenant Benjamin T. Hutching, by the promotion of David McM. Gregg, becomes commander of Company K of Sixth United States cavulry. SENTENCE OK A DESERTER?IMPORTANT AKMY OKDKII. Private Hailtou U. Stalker, of Company A, Nineteenth New York Volunteers, was convicted on a charge of desertion by a Court Martial, January 16, and bis sentence hasjust been promulgated. He is to be dishonorably discharged from the service of the United States, and then committed to the United States penitentiary in the District of Columbia, at hard labor, for the terra of two years and six months. An impression existed in the minds of some that this regiment was held only for three mouths' service, and the prisoner, with others, governed himself accordingly and deserted tho service. The order in this case shows that the Nineteenth New York regiment is subject to service until April, 1863, and concludes in the following words:? Nothing could be more calculated to demoralize a military body than such conduct rs the accused stands convicted of. When a soldier wishes to lay before the Major General commanding any grievance under which he imagines that he labors, let bini, through the proper channels, mako known his complaint. To all well founded complaints an attentive ear will be given, and no known abuse will be allowed to remain unredressed. The same considerations which muko the Major General Commanding anxioiiB to aid .my subordinate, who, in a proper manner, seeks a redress of wrong, render him determined to vindicate by all due means tii sacrednoss of military discipline. In both cases he aims at promoting the good of the service. Ho has gono at great length into the explanation of this cii8o, because it was necessary to correct misapprehensions widely spread and likely to do great mi.-c.hief. No one in a similar position with the prisoner will, alter the publication of this order, bo able to plead ignorance to excuse his insubordination. Tho proceedings of the Court Martial in the case of private Ruilton B. .Stalker are confirmed. The prisoner will be dishonorably discharged from the service of the United States, will be conducted to Washington City, under charge of a guard, and will there be delivered, with a copy of this order, to the Warden of tho penitentary of the District of Columbia. BALE OK THE ALEXANDRIA KAILKOAD. Joseph B. Stewart, substitute trustee, announces that he will sell at public auction, in Alexandria, the franchises and property of the Alexandria Railroad Company on the 10th day of April next, in default of the payment of interest on tho company's bonds. OAYET1S8 OK THE CAPITAL. Speaker Grow had a splendid reception at his residence to-night, Mrs. General Fremont being among the distinguished guests. A fashionable bop came off to night in the old church in F street, near the cornor of Fourteenth street, where the Peace Convention was held. The hotel hope are very good here when managed by the guests. PROCEEDINGS OF CONGRESS. TH1RTY-S1BVKKTH CONGRESS. FIRST SESSION. Senate. Washington, Feb. 6,1862. The Senate met at twelve o'clock, but at this hour not a single Senator was in the chamber, and very lew persons were in the galleries. A few minutes afterwards three Senators came in, and the Chair called the Senate to order. Mr. Howard, (rep.) of Mich, presented resolutions from the Legislature of Michigan, asking a grant of lands to endow a military school. llr. Kino, (rep.) of N. Y., presented several petitions asking that 300.000 copies of the Agricultural Report be printed in the German languageMr. Kivu also presented several petitions for the emancipation of slaves. RRDCCriUN OF the tat OF TOR XKW TORK Sl'kvkyor and naval omen. Mr. Chandler, (rep.) of Mich., presented a memorial from the incrrhurits of New York that the salary and teen and |ierquisites of the Naval Officer und Surveyor of the Port might be reduced. a sknwiu k mkmeriai . Mr. Carulr, (Union) of Va., presented a petition, mi merously signed by citizens of Boston, Massachusetts, asking Congress to leave the negro question alone anil attend to the business of the country. HI FPU (MOON OF TUK l.lql'OR TRAFFIC. Mr. Harris, (rep.) of N. Y., presented petitions against the sale of liquor to officers anil soldiers of the army. tuk krcn'rocttt treaty with (unada. Mr. Harris also presented a petition to repeal the recipivcity treaty between Canuda and the United Slates. Mr. (im.XKP, (rep.) of Iowa, Introduced a bill to allow tbe Corporation of Washington to leaue small Doles. Ho lerred. rxtrkxrhimt rs thk hovers-mest xntMirnmis?reduction or thk pat or houmkrh, kau.ors a xi) civiua.xs? muuuk or uixuresseex ltt down, etc., etc. The bill to dcflno tlie pay and emolument* of offliser* of tbe army km taken up. It is as follows ? Mr. if < luirtril l-y till .Vil li" and llout nf Rrprrmnltiliru o/Hir failed Mati* #?l .intuitu in t)nwr'?iumNiri, Tliat oitioT* of the army having brevet coninii**lona nhall not be entitled lu any Increase of pay or emolument* l?-rnn*c of the exercise of conirnand ac. ordlng to their i rerrt rank. Section 2. Ami In it fnrthrr rnactnl, That offici i? ui ihe army entitled to forage for borne* shall not lie allowed to roiinnute it, but ahull draw the allowance in kind for each Uorne aetually kept by them a* authorized by law. Hue. S. Ami If U t'nrthrr ennettrf, Tl at major general* hall tie entitled to draw forage in kind for lour horse*, brigadier general* for three borne*; colonel*, lieutenant colonel*, and ninjor*, two tome* each; captain* and Iti iitenantl of cavalry and aiUllery tor two horse* each, and chaplain* for one horse. Sec. 4. Ami hr it fnrthrr rnmtnl, That whenever an oITicer of the army shall employ a wddler a* hi* aervaul, he *liall, for each and every month during which aahl aoldlcr *liall lw no employed, ilediiet tioin hi* own monthly pay the lull uinoiuil paid to or expended by the government per month on account of nalil aoldlcr; and every ndli er of the. army who khall fall to make such deduction ahull, on conviction hrtore a general court maillul, be caahiete 1. WCt. And If It further mortal. That the Unit aeetlonof the act approved August 6, 1*61, increasing the pay ol prlvatea in the fulled States aervlce, shall not lie ho tsinatrued, after the luuowgc of ihla a'-t. as to inrreaar the emolumenta of Ihe rouiuitaaioned ollher* ol the army; and the eigiuh tec in of the act ol 2!" i July, 100, chapiertt, chill be so ooaatnied aa to give in qiiartrrmssier aergeanl* Ihe name coni|ieii*atlon a* to regimental commissary sergeant*. Ski . 6. Ami If it fnrthrr r intrirrl, That ao much of the act approved 22.1 July, IH61, as aulhurUe* each regiment of volun|i era lu the Unite I Slate* service to have twenty-four mual' unn* for a hand, *nd Uxe* the enmpenaalhin of the leader of tue tmiiit, be, and tbe aaine la hereby, repealed; and *uch Ixin la altall lie mostered out of the nervlre within thirty day* after the passage ol thi* act. Sac. 7. Ami If it fnrthrr t iiic is.I, That each brigade In Ihe volunteer service shall have sixteen musician* a* a band, to lie selected from the regimental hand* mustered out of *ervice by this act, who shall receive the pay andailow now provided by law for regimental bands, except the leader ol the baud, woo shall receive lorty-live dollars per month Sec. 1. Anil If it fliithrr mortal, That in lien of the present rale of mileage allowed to oflicrraof the army w lien I* not furniahed to them by the government, not more tlmn *|g ceul* per mile ahall hereal ler be allowed, anle** whore an ofllcer i? ordered from a atatlon ?a*tot the Rocky Mono lain* to one went ol the aaine mountain*, or rfte rerun when ten cent* p> r mile shall be allowed to him; and no officer of the army or navy ot Ihe I'nlicd Stale* ahall be paid mileage eteept for travel actually performed at hla own eipenui and In ohedlence to order*. Sue. V. Ami be it/urlhrr mortal, That, during the continuance of the prenent rebellion, them ehall be deducted from the cotnponwillon ol all |ei>on* employed In the military, naval ami chil service of the United Stale*, eicept warrant officer* and aallora tn the navy, and iion-coinml**loned otll<1 r*. utiialclami and private* in tlio army, ten per centum of the amount of their eompenaatlon. Si c. Id. Awl If it lurthri iimlnl, That in each of the permniieiit hoepttal* where the I'reRldein may deem It necc*. very, lie may appoint a chaplain, who ahall receive the name coni|ieiiaattou a* i* now allowed to poal chaplain* in the re. pillar *cr*tee. Sac. II. Ami he it /arthit imtrlaL That no much of nertlon nine of chapter nine, approved duty 23, IHtil, and of *ection *even ol chapter lorty-two, approved Auguat S, 1H61, a* di'.ini * the ipiaiilli atlon* of ehapialn* in the army and volunO'er*, shall hereafter he conatt tied to read a* follow* ? That no pcrHon ahall be appointed a chaplain In the United Siatc* Army who la not a icgularly ordained mlniMer of aome religion* denomination, and who duea not preaeni te?timonlalKOt hla present good standing a* ?nch minlater, with a recommendation fa hi* appointment a* an army chaplain I rout some aiithorlted erelealaatleal body, or not le*a than live ai * red! ted mliuatci* belonging to *aid religious denomination. Sue. 12. Ami If it fiirtm r emnfrvf, That ?o rnnch of the fifth *ei I Ion ol the act approved July 22, 1DCI, aa allow* forty II til* |i"r day for the uae and rlak of the hnraea of company officers of cavalry, be, and the *aine I* hereby, repealed. See. 13. Awl If * jitrthir fiimtml, that whenever an offi.-er ahall he pot under arreat. eieeut at remote military p.ieiaor station*. It ahall lie the duty of the iilffi-er by whose orders lie Ihsii' ated to *ee that a copy of the charge* un which he baa licen arrested and la to be tried ahall lie aerved upon him within eight day* thereafter, and that he ahall be brought to trial within ten day* then-after, unlea* the neeeaaltloaof the service prevent *0< h trial; and then be ahall lie brought to tual * I lion tinny dayaafter the aspiration of the *ald ten days Provided, that if the ropy of the charge* be not aerved I I 0Mbe g leptcd officer M herein provided Ibe arrest ahall W YO NEW YORK, FRIDAY, re**e; and provided, further, that the provisions of thin aection shall apply to all person* now under arrest and awaiting trial. Sac. 14. Ami he U further maeUd, That whenever the name of any army officer now in the service, or who may hereafter be in the service of the United States, shall have been borne on the Army Kegister fortv-five years, or shall he of the age of sixty-two yearn, he shall be retired from active service and hi* name entered on the retired list of officers of the grade to which he belonged at the time of such retirement. Mac. 15. And be it further martid. That the President ol the United States be, and he is hereby, authorized to assign any officer who may be retired under tha preceding section of this act, or the act of August S, lHtil, to any duty; and such oflh-er thus assigned shall receive the full pay and emoluments of his grade while so employed. ifr. Siuhm/n, (rep.) of Ohio, eaid that, although in favor of the bill, yet it did not go far enough. It did not reach the desired point. The great problem of this war in not a physical hut u financial one. One year ago the President crept into the capital in disguise. Five hundred determined men could then havo taken tho capital and all the archives, and this capital might have been the Uauassas of the rebellion. Then we were weak physically, but we had scarcely any debt. Now the condition of things is changed, nnd we are strong physically, but weak financially, and the question be met how we are to carry on the financial measures of the government. The delay in militury movements for the last three mouths, in my judgment, has crested financial difllculties which it will be hard to surmount. 1 do not know tbo reasons lor delay. They may be .justifiable; but whoever may have been the cause 1 think will have a grievous account to settle with his country men. I do not blame any one. We have also been delaying. While we have sat here the credit ol' the country has been impaired, and we have taken no steps to maintain the credit of the government. The Secretary of the Treasury, in his recent annual report, states that for the llrst quarter of the current 11; cal year the receipts and expenditures arc ascertained; lor the remaining three quarters they are estimated as follows:?Kor the tirst quarter of the year ending June, 1862, the actual exIHjnditurcg were $98,239,733 09; for the second, third and fourth quarters the estimated expenditures are $302,935,761, with additional appropriations, in the nature of ilellciences, of $143,130,927, making a total for this year of $543,406,442; and we know that this amount will be Increased by various bills, especially from the Military Committee. The deficiency since the last session, in the war estimates alone, is $121.434,488. We are told also that the estimated expenditures for the year ending June 30,1863, arc, for the Civil, $23,086,971; for the Interior Department, $4,102,062; for the War Department, $360,159,986;for the Navy Department, $44,164,994; on account of the Public Debt, $360,159,330? an aggregate of $476,331,245. These estimates of the Secretary have been considerably enlarged by the Commitloc of Ways and Means of the House; and they do not include the bounty granted to soldiers if the war should cease, nor the large sums for damages to private projierty, or for property taken for public uso. We cannot doubt that the amount of appropriations necessary fur the next llsca! year will not be less than $650,000,000. We are so much in the habit of dealing with largo sums that we do not reflect how much these are in excess of the sums to which we have been accustomed. But our annual appropriations will now be four times the ontire paper surrency of the country, and six times the expenditure of any previous yew of our government since its foundation?more than Great Britain ever expended in hor contest with Napoleon. When you mdd to these sums the difficult amounts collected for State, county and > ity taxes?for the authorities which disbarse all the internal expenditure of the government, amounting to not lees than $160,000,000?we have an aggregate expenditure for ono year of $700,000,000 per annum ! The populalion-of the loyal States, including one-third of Virginia, is about 23,000,000 souls; this would be an expenditure of more than $30 per head. The expenditure of Great Britain is but $10 68 iwrhead; her ex|>endilure during the war with Napoleon,at the highest rule, was hut $20 per head,and no nation has borne a higher rate of taxation; so that we are called upon for an expenditure nearly double of that borne by any nution in aucient or modern history. I do not make this comparison with a view to restrain any justexpenditure. I do not tnake it to oppose the war, for I would stake every species of property and ths life of every mainn this nation upon the prosecution of the war. Nor is itto affect the public crsdit, for ths public creditor is wsH informed ol' the extent of your wants. 1 know it is a most difficult task to oppose any appropriation asked for. If an objection is made to the creation of a new office, it is regarded rather in the light of a narrow parsimony, or as a disposition to restrain and cripple ths administration in its eBortrvto suppress the rebellion. In my judgment every hill should be tested by its elfects on the finances. We have appropriated and spent as if we held the lamp of Aladdin or the purse of Kortuuatus, until now we are compelled to resort to tin* issue of demand notes, and may be compelled to make them legal tender in order to secure their ciccu- , lation. The condition of our finances has already attracted the attention of foreign Bowers. In a recent article in the London J'nnt. the government organ, it is said "that national bankruptcy is not an agreeable prospect, but it is the only one presented by the existing state of American finances. Never wok there a career more reckless and extravagant; never before so pros|ierous nn>l Uourishiug a State making such gigantic, strides toward cflecting their own ruin.'1 fhnlxmdon 77has repeatedly, and in the most bittar manner, assailed our financial system, and endeavored in every possible way to prevent the negotiation of our securities abroad. It may be that our hnglish frieuds are willing prophets of disaster; but, at least, we could learn reason from their warnings. It may bo necessary lor us again to recur to the simple habits of our forefathers, and our prosperity may be now checked by adversity lor our own good. 1 again repeal that the chief difficulty of our position is financial, and not physical. We must at once, and witbuut delay, adopt a libera), hroad financial system, which will enable us to meet the large demands upon the pnlilic Treasury. In my judgment, throe propositions will embrace all the legisla 1 ion needed to place tho public credit upon a basis to yield ample revenue for the proeecution of the war. Kirs:?'Tho prompt levy or a tax, other than duties on imports, to produce not less than $l.ri0;040.000, to lie levied an far as muy bo upon certain luxuries other than u|>on perron* anil property. Secuou?A careful icvmiou of the laws regulating salnne* and coiii|>eiisut ion. anil a correction of the abuse* growing out of existing laws for the purchase und tranHportnticn of property. Third?A rigid scrutiny of the disbursement* of the public turn!*, nod a prompt punishment of every officer who either taken himself, or permits others to take, money for ver vices or property of which the government do not receive the benefit. It is not my purpose to discuss the subject of taxation; the constitution provides that all revenue bills shall orig uate in the House; in a few days wo sliaM have the result of tho deliberate lis of the House and we can then act definitely. 1 will only say now that, we have ample resources of luxation. Kndcr our preseut system the Mates rely mainly on direct taxes collected by annual assessinout. The general government bos relied upon duties on imported tocrchandise. The vust Held of taxation which in huropcan governments is the main reliance lor revenue? taxes classed under the head of imposts, excise, indirect taxes of various kinds?have not boon resorted to by us since the payment of the debt from the war with (treat Itritam, ami when we are now again iAiin|iellud to resort to this mode ol tuxtion. we tlnd the twople willing to tespotid. Your assessments will be cheerfully paid, but if so, they must be wisely expended. You cannot take from the people their resources aud their earnings to pay Mr. Morgan $*(>,000 for four weeks wort You <an nov employ loeir rrnmnx*, tmiiriwi in uitr n>rm til taxi s, to pay useless employes about tbi> halls of Congress, nor 1" pay ottlce holders extravagant oompensalion; nor will they allow y<m to pay oflteers of tin- army anil navy unreasonable salaries If sacrifices iiiiibI ho made. (he officer* <>f the government must share in there sacrifices; ami it in proper that the commence meat should be with 111. No one ahouKl receive from ibe government more than Biiniiar services nre worth in private life. All privileges, perquisites, and lrreularitier must he surrendered. In the early days of the French Revolution we have the historical examples of pi iests and nobles, of cities and towns, and of all classes o! men freely surrendering their privileges for the public good. We must imitate their example, or the people will uot curtain us m the prosecution of this war. When the Committee on Compensation and (Expenditure were called upon to frame the bills now submitted to the Rcnate, the first question lo bo decided was, I'pon what principle the reduction should lie made" Should it be pro rata upon all salaries and compensations'/ If so, the present inequalities would Isi continued. A reduction of twenty tier cent on the present rate of mileage would still Icavo the amount of mileage to be paid excessive; while the same rale of reduction applied lo the private soldier, or person reioivlng but a small com* peiisanon, would lie the grossest injustice. A pro rata reduction would only take away a little from the luxuries ef those who receive large salaries, while It might bring ruin to those who receive very small salaries It is manifest I hat this rule, though tho easiest, of execution, and the nio*t plausible in theory, would tie uliiust. Tho plan adopted by the coinin lie was to revise all salaries in separate bills, each bill to embrace a single department of the government The questlon'then occurred, llow shall this reduction he ef ' The easiest mode of revision would be hy atmuidin uts to the on hills tint thin would make It neeeesnrv to embody many charges in the appropriation bills, and be a violation of the rule* of lb? House anil contrary to the practice of tbe Senate Hut if tlio Senate ta no disposed they can adopt these hill* an amendments to the appropriation bills. Ttin committee, however, had but one course to pursue?that of framing separate lulls In attempting this thorn was no standard of coiniienralion, it was impoaaible to framn any hill embracing a large number of officers, in which plausible criticism could not be made by a comparison of one office with another. Aa there can be no mod standard, every offleer will think he in unjustly dealt with. It is natural for every man to megniry hts own position. It is impossible to satisfy the holder of a nominal ?ud sinecure ollice he can ha dispensed with. It is impossible to convince a tnessenger or other employe of the government that he should not re ceive more than a person employed in the same services in private life who makes more hours than ho does. The character of the services required from the committee were demanded hy the most pressing public necessity; but they were unpleasant, invidious and disagreeable. They required us to affect the pay of thousands of per sous, of fami I lee and friends, of near associates and those with whom we are brought in daily contact, and for whom we feel the highest respect. Their pay is a part of their daily Ufa, affecting social pleasures and cherished plans, the education of children, and in some cases, especially where officers are dispensed with, the very means or sustaining lire 1 trust Seaatcrs will remember these dMhciiities when RK H FEBRUARY 7, 1862. they come to criticise these bills. [Mr. S. then explain} d the bill under consideration. It reduces the mileage to

ton cents a mile, making a saving in that one item of over $200,000. The bill is framed irpon the supposition that the franking privilege would be abolished, and makes an allowance for postage, abolishing the allowance for newspapers and stationery, reducing the pay of employes about twenty per cent and abolishing a number of supernumerary oilltes, and greatly reducing the eonticgent expenses of Congress.] The bill, as framed, does not propose a change in the compensation of members of Congress. Upon this subject there was a difference of opinion in the committee. It was urged that the present compensation was not loo high, as a member was compelled to leave his business, probably sacrifice it. and either bring his family here or be separated from them. If the salary was decreased it would teud to prevent poor men from coining to Congress und give a monopoly to rich men. llut I will not repeat llie argument,bat simply say it is a question for thejudg meul of Congress. In iny opinion, a more noble aet could not be doue thuo for Congress promptly to apply the reduction to their own compensation, which must bu applied to other officers of the government. If members of Congress would now voluntarily, either for the lime or for all timo, surrender twenty or twenty five per cent of their pay, the act itself would be equivalent to a victory. U would show a spirit of dctemitn.ition to prosecute the war. and to apply all the resources of the country to its prosecution; and I will heartily vote for such a proposition whenever it is offered. (Mr. H. then explained the hill; in relation to the army, which sub stitutes fixed sularies for the allowance of rations, ko.; changes the rate of mileage from ten cents to six : and retains officers sixty-two years old who have served forty-five years, unless in exceptional cases: making a reduction of about fifteen per cent, saving from $ti 000,000 to $10.000.000, on an army of 000.000: reducing the pay of chaplains to alHiut $1,000 a year. No change is proposed in the pay of soldiers. They were enlisli d at $13 a month and they cannot resign as office: scan The bill of tho Senator from Massachusetts (Wilson) proposes to reduce the pay of soldiers und officers alike by an arbitrary per rentage. He was the author of the bill increasing their pay before enlistment, and immediately after decreasing it to about what it was before enllstm-nt. The bill in relation to the navy corresponds in its i tain features to the army bill. 1 am happy to say that among the numerous letters 1 have received from officers of the army and navy, most of those whose cpmioiis are entitled to res|iect have promptly responded to the demand for tho decrease of their pay. They desire only that the same rule applied to them shall be applied to all the other departments of the government, aud they are perfectly willing to bear thoir share of all necessary reduction. Othor bills will bo framed to extend to all other departments of government?courts, custom houses, land offices, your police system?indeed to every officer whose name or office is to be found in the blue book. H these bills are adopted you will save half the interest of the public debt, you will win tho hearty respect and confidence of the people, and you will havo their acquiescence in any scheme of taxation which you may adopt; you will have the respect of forcigu nations, aud you would belie the reported declarations of the rebels now in arms against the government, who constantly attribute the large army now in the field an affected and brought together by the consideration of high pay, and not by a patriotic devotion to their country. Mr. DdOtBRU, (rep.) of Wis., suggested that tilers be added to the amendment, that all mileage be computed by the most direct mail routo, and (hat the mileage of members of Congress he reduced fifty per rent. Mr. .Siikrmak uccepted that as a part of his amendment. Mr. DpOUHUI said that he wanted to correct the abuses of the present system of mileage, especially the system which had grown up of late of computing mileage by the old routes. Mr. roMKRuv, (rep.) of Kansas, wus perfectly willing to have his mileage reduced, but there wus no direct mail route to sumo places. How c ulcl the mileage of the Senator from Tsnnesseo or his own, for instance, be . omput, d? He thought it better to have mileage computed by any safe aud competent route for a Senator to travel. Up SUifPi/ vt a v mrulifliiH litu nmunHmant on mi Ia ?*nm. pute mileage by the most direct travelled route. Mr. Cdwax, fep.) of l'a., thought it would be better to abolish tho whole system of mileage. He (Mr. Cowifu) I always considered it a sham by which a man got moro than ho was entitled. It would be better to abolish it, i and provide that a disbursing ollleer sbonld pay mom bers their actual expenses and no more. Mr. i'RaKi'K. (opp.l of Md., said that mileage waa no part of the original compensation of members of Congress. They used to be allowed only eight dollars a day aa their.salary and eight dollars a day while travelling. Mr. WrrsoN, (rep.) of Mass., said he hoped the amendment would not be adopted. He (Mr. Wilson) waa in favor, in the main, or the bills reported from the Committee on Compensation. &c. Mr. Nksmjtu, (opp.) oi Oregon, said that the most direct travelled route from the Pacitlo coast was not a safe one lior a man to truvel at all. His illustrious predecessor (Mr. Idtne) when here aa a delegate drew mileage to the amount or $6,904, and then when Oregon was admitted, auU he was elected Senator, ho drew $o,904 again as teflrnge fbr walking from the House of Representatives to the Senate. Yot he (Mr. Nesmith) thought that something was due to the momlors of the Pacific coast. Ho (Mr. Nesmith) brought his lamily hero last year, ami it cost him $->,000 to get to New Yoik. He might be told that he could leave his family at home. 1 lint was sometimes inconvenient, and, by the laws of Oregon, if a man was absent a your from his wire she was entitled to a divorce. (Iaiughter.) He was willing, however, to submit to anything, to any reduction, to enable tho government to prosecute the war. They could take away all his salary if need bo. Mr. SrxNUt, (rep.) of Mass., thought the suhjoct ought not to be considered in a military bill. Mr. IkJOi iTtiJ. was in favor of llnishing the abuse of milouge, and would finish it now. We ought to inuko the very first reduction here in tho expenses of tho guvern mciil by beginning with ourselves. Then we will he able to meet the ollicers of tho army when tbey come bore to remonstrate against tho reduction of their pay. Mr. Shkk*a\ again modified his amendment so as to read w iutt bo hrst ottered. Mr. Howe, (rep.) of Wis., moved to strike out the whole section. He thought the resources of the people sufficient* Mr. Wit so* said the people might have resources, but thu government lind none. The government was in debt forty millions of dollars today, auil there was not'a dollar in the Treasury to |?y it with. We are here to day complaining of want ef progress Ill win Briny, nut r we maue any more progress mill the armvd.d.he (Air. Wilson) would lilin somebody t" point it lint. The government was reduced to the c< uditinn oi' issuing |uipcr money,Mid of making it a legal tender. If anything in needed, it in to show tbu people 01 the country thai we aro willing to make some sacriOce. Why, the view the world hue of us is, that we are a nation, lie bail almost said of "Uneven,'' but ho (Mr. Wilson i would say of "plunderer*,'*in the midst of a war for the life of the country. Even yol committee* of liie limine are repottiug on great frauds, kc. Mr. Dixon, (rep.) of Conn., thought that the credit of the country was not so had, though he agreed with much Ihe Senator (Mr. Wilaon) had said. He (Mr. Ilixon) believed that if a iwitriotic ap|>eai were made to she people, tliey would raise one hundred millions of dollar*. He lielievcd we should begin witluu ourselves first lie would bog'ud to vote for a reduction of twenty live per rent of tho pay of member* of Congress. The public ought to he "Studied that we are willing t?> innse a sacriflce. He believed the resonrees of the country were ample, but some srhenie must be divined to raise a Midi clenl revenue, tireat Britain. in times of |?ace, raised $280,000,100. Mr. I low k was oppoted 10 tlio ninth section ,on Uie ground thai employes of the government, it their salaries were not too high, ought not to lie taxed any more than other persons. If their salaries were too high then tliey ought to be reduced tor ail time, not merely during the rebellion. Mr Simmons, (rep.) of R. I.. contended that the resources of the country were uhundautly able to support the ex peoditure. He had faith in the people, and they were able aud willing to meet all expense* We never resorted to any other branch of taxation except customs. The conn try wus full ol immense rommiwa. If we would only borrow of our own country wc would never lie inii?ovc rished. He hud no Idea of submitting the country to an Irredeemable paper currency. He did not believe there waa any necessity. Tbo banks of the country had been very patriotic so far, hut the main reliance waa on tlio people, the masses of small means. Mr. Wilson said lie had an abundant failh in ttie re sources ol the country, hut tho government had not yet drawn on those resources. Mr. Tsi miicll. (rep ) of HI., said bore was a bill cer reeling great abuses and saving $1.1,000.000, carefully considered, and how wag it met? By pro|ioaitiona to reduce twenty live |>er cent, and the questions of mileage aud taxation, ami told that t'ongrrss was to blame. If you want to raise money, tell the generals to go forward and give us victories. Has not the government hud men and money, and did not (iisl Almighty give such woather ..... ........ It... Ta,I |?.I. ,r?v T. , ... ..... i? ... we want. W<- want strong Arm* ami somebody to lead our armies and put the rebellion down. Ha Imped they woultl pars thla bill, and than make otber reforms. We ran do olio thing nt uiiy rata; wo runout do all at onra. Mr. Hoot mm said It wm ttwi flrst duty to reform our own abuses, anil then look the officers iM the army in the far.e. Mr. thxoa thought the |ieopls demanded taxation and victory both, Ihm Congress would proceed to taxation ami leave lighting alone, and let the army do the lighting. Mr. Shannon'? amendim nt waa adopted. Mr flavin, (fnioui of Ky., apokoal mine length, eon fending that we could not ralne enough by laiatinn. and the government meat iaaue Interest bearing paper. Mr Dooi.itti.r ottered an amendment reducing the mileage of meinbern of Congress llfty per cent, to be cumpuled in the most direct travelled route, provided until a railroad waa built to the I'aciflc coast, the mileage of membcra beyond the Rocky Mountain? he computed hy the usual route. Agreed to?yean 29; naya . Messrs. (dark, Collumer, Henderson, latham, Mcliougall, Morrill, Nrsmlth, Truuilmll. Wilkinaon, Wilaon, of Mo.?10. Mr. Huwk moved to strike out the ninth aection. Disagreed to?Yeae, 2 (Messrs. Howe and McDougall); naya, .til Mr. Howr moved to recommit the trill to the Military Committee. The Senate went into esecutive session. Adjourned. Ilosaee of Repreeesststtlwes. WAtmaoron, Veb. g, lgfljl. r?nn>itt ar m nuust'se aim mil. The House went into Committee of the Whole on the Treasury Note bill. Mr. Kmxone, (rep. f of Ill.,saiil that In ordinary times he might have some double of the uis onstitulionahly of Ibis measure but m Una extremity when we are slrug ERAI glmg for national perpetuity, be was willing to go to tbe verge of tbe conetitutlon to auetain tbe government. He regarded tbia aa a war measure, and In tbe course of bia remarks be said:?We must have no more surrenders of rebel prisoners cheerfully made, though Russia, Franco, England, Spain and the combined Powers of tbe world demand it. We must stand by our integrity and by the honor of the nation, and If we are worthy of the name of a people we shall be sustained. The exigencies of tbe times would never compel him (Kellogg) to voto for a bill which is in violation of the constitution, for when ConI gress violates the constitution it is but mockery to say:? We are carrying on a war under that instrument to maintain the constitution." He (Kellogg) argued that it vwts clearly within tbe power of Congress, under the constitution, to make the notes proposed it legal tender, and give them value by pledging tbe entire property ol the country for their redemption. Mr. Tuoxas, (Union) of Mass.,gave the reusous which would induce him to vote against the bill as it now slauds. aud,ui the course of his constitutional argument said that the making of those Treasury notes a legal tender for all past public and private debts would be a breach of good faith. It would change substantially the condition and impair the obligation of contracts. Mr. Knwaups,(rep.) of M. II., opposed Mr. Morrill's substitute, and gave among other reasons for doing so that it exempted the government from receiving the notes in payment of foreign imports. This being tho case who would take the paper at par* With regard to the bill reported from the Comm.tire on Ways and Means it was based on the faith of the country to meet tho indebtedness incurrtd. It would furnish tbe means directly without looking to intermediate negotiation for furnishing them, and tbercforo it should receive bis (Mr. Edward's) support. Mr. Skdowick, (rep.) of N. Y., said they all agreed upon luxation in somo form, by which one hundred and fifty millions annually can be raised. They all agreed that hereafter the war should be carried on vigorously on the credit of jthc government. They nil agreed that the amount of notes and bunds to be issued must be equal to Ihe demands of tho government. The amount of the notes to be issued can bo limited only by necessity. The difference between the amendments and this bill was, that the latter had the advantage of the note* eir. culation as money, while the former would cause them to depreciate. TheCuAiHMJts announced that, by previous agreement! debato now closed, wltb tbe exception of the reply. (Cries of "That's right.") Mr. Ppac'DiNG, (rop.) of X. Y.?heaving to the honorable gentleman from Pennsylvania the duty of closing the debate, I desire merely to say a few words Mr. Loybjot, (rep.) of 111., rose to a question of order. If tbe debate had closed, the gentleman 's remarks were not In order, leavo was given to Mr. Spaulding to proceed. Mr. SrauLDiNG said?First, we all agree that taxation in tho various forms must be imposed to the amount Of at least one hundred and fifty millions of dollars, on which to rest the credit of these notes and bonds?a sum sufficient to pay the ordinary expenses of government on u |ieace footing, the interest on all the war debt, and a sinking fund to liquidate annually a portion of the priucipa'. Mr. Lovwjoy (interrupting)?1 understood the gentleman to say yesterday that we already had an account about en mil to the nrniuised issue. I waul to ask him how be propones to get the balance of what we need lmme* <1 iately? Mr. Si'aiu dim:?1 propone to nbow bow we intend to pay tbat off. In tbc second place, we agree that hereafter the war must be carried on principally upon the credit of tbe government, and that paper, in the form of notes and bonds, must be issued to an equally large amount, which ever )Uan ia adopted. After deducting tbe sum raised from revenue by taxation and duties on imports, the amount of paper to be issued can only be limited by the actual ex|icnses of tbe government. Tbe respective plans of Messrs. Vallandigbam, Conk ling and Morrill require tbe same amount of paper to be issued as the legal tender bill proposed by the Commit toe of Ways and Mean- and supported by the Swcre tary of the Treasury; third, the main difference between the several plaus is, that the legal tender bill stamp* the demand notes as money, with the highest sanction of the government, to circulate as a national currency the same as hank notes, in ail the channels of trade and business among all the people of the United .Status, whilst all the other plana proposed contemplate tbe issuo of an mlerior currency, that will not, in my opinion, circulate as money either among the banks or the people, but wi!l,<>n tbo contrary, be depreciated and sold at a largo discount by all officers, soldiers and others, that arc compelled to receive it front tbe government in payment for service*, supplies and materials furnished. For myself, I prefer to issue the demand note*, based on adequate taxation, anil with the highest legal sanction that i'an be given to them by the government. Mr. Stk\knx, (rep.) of I'a . In closing the debate, said? This bill is a nioasuio of necessity, not rhotce. No one would willingly issue paper currency, never redeemaliln on ilemaml, anil make it a legal tender. It is nover desirable to depurl from the circulating medium which, by tha common consent of civilised nations, forms the stand ard of value. Hut it is not a fearful measure, and when rendered necessary by exigencies it ought to produce no alarm. Is the measure nei ossary f The late administration left a debt of about.flOO 000,000, and bequeathed us, al.-o. an expcusivo and formidable rebellion. This compelled t'ongress. in extra session, to authorizo a |"on of two hundred and fifty millions. A hundred mii'.ons were taken at ae\en-thirty per cent; fifty millions at four per cent; (Itty millions were used in demand uotes payable in coin; lna\ ing fifty millions undisposed ofIVfore the banks had paid much of the last loau they l>r.-he ilowu under it, and sus|>ended sp<>cie paymeut. They then contrived to |<ay this loan, not In coin, but In demand notes of the government, which kept them at II. # ili?a lu_-? i.l' tlvnl loan irac nitiii v ootneiiav uttil or the same day the bank* have refused to receive them. They must sink to depreciated currency. The remaining lilty millions the b'or.retnry of the Treasury has been unable to negotiate. A small portion of it?about ton millions?has been issued at seven-thirty in(payiminl of debts; and all this has been used, and there is now a floating d'-bi . audited and unaudited, of at. least one hundaeil and thirty millions. Tho Secretur> intended to use the lialancc of the authorized loan by paying it out to creditors m notes of seven-thirty. This becoming known, they immediately sunk to four per cent, and If the ."secretary hsd persevered tt is believed they would have run down to ten per cent discount, ltut eveu if these could bo uecd there would remain due about ninety millions, the payment of which is urgently demanded. The daily expenses of the government are now about two millions. To carry us on till the next meeting of Congress would take six hundred millions more, making, before legislation could bo had, about seven hundred millions to be provided for. Ths grand question how can this large amount l>e raised? The Secretary of the Treasury has used his liest efforts to negotiate a loan of about fifty millions, and lias failed. Several modes of relief have been suggested. The most obvious is to borrow on government bonds bearing an interest of six per ecnt, which it is known can only bo effected by put tins the bends into the market to the Inchest bidder, fr but n small sum were wonted It might probe bly be had at a small discount, but if sufficient to moot our wants up to next December, Stven hundred millions. wore forced Into the market a* It is wanted, 1 have no doubt they would sellae low a* sixty per cent, as in the last war. Anil oven tlisn It would be round itu|m*stble to And paynvnt in coin A large part of It must l>e nnoapted In the depreciated notes of non specie paying banks; for I suppose no one expects the resumption of specie payment until the war shall Ire onded. (lut sa this Congress must provide for appropriations to the end or the fiscal year 1HA3, -even months more must be added to these expenses. That would rcqulro four hundred and twenty millions, added to the eeven hundred millions befote estimated, and the aggregate would be eleven hundred millions. The discount on that sum, at 1 forty per cent, would be four hundred and forty millions. At the minimum discount that any rsasmahle man could 1 lis, say twenty Ave par cent, It would be two hundred and seventy Ave millions It would, therefore, require ' nt least bonds to the amount of thirteen hundred and Afty millions to produce sufficient currency to make eleven r hundred million jand carry ua to the and of tha next Ureal ' y. ar Tills rum Is too frightful to be tolerated. Certain r bunkers havo suggested that the Immediate wan I a of iim ? government might be epjiplied bv pledging eeven thirty ,D. PRICE TWO CENTS. percent bonds, with a liberal margin, payable in one year in gold in part, and the next payable in currency. The effect would be, that government would pay out to iln creditors the depreciated noten of non-specie paying banks, and as there is no probability that the pledges could bo redeemed when due, they would be thrown into tho market and Bold for whatever the banks might cbooso to pay for them. The folly of this scheme needs no illustration. Another plan is to strike out the legal tender clause, and make them redeemable for taxes and all public dues. But it is not proposed to make any provision for redeeming them in coin on demand. 1 do not believe that such notes would circulate anywhere except at a ruinous discouut. No notes not redeemablo on demand, and not in.ide a legal tender, have ever been kept at par. The kuowlegge that they were provided for by taxation, ai.d that thay would surely be paid twenty years hence, woo d not sustain them. The Secretary of the Treasury in Irs report recommended a scheme to produce a uniform ua tional currency aud furnish a market for good loans. It proposes, then, that the hanks shall receive their circulation from the government to the amount of government bonds pledged with the Treasury for their security, and that no more notes should he issued thau the par value of such bonds, and should be redeemed by the banks. As agent ral system of banking, in ordinary times this plun might he very useful in regulating the currency, and by the sale of the Ixinds the government might command coin. Hot while the banks are in suspension it is not easy to see how it would relieve the government. If the notes were' procured, it must be by accepting payment by the government in depreciated circulation. These would not be better than tho government's own notes. The security of the government is equal to that of the hanks, and would glvo as much currency to the banks. I can see its ad' vantage. They would havo tho whole benefit of the circulation, without interest, and at tho some time would draw interest on the government bonds from the time they got the notes. It is very plain that if the United States issued those notes direst they would have tho benefit of the whole circulation, ha other words, it would be equal to a loan without interest to the full amount of the circulation. This project, therefore, however desirable as a banking system, coui afford no immediate relief, especially as it would afford no sale for additional bonds, as the banks have already as many as would form tho basis of thoir operations. Having, as I think, shown the impossibility of carrying on the government in any other way than that proposed by the bill, I will notice some of the objections urged against it. Is it constitutional ? Mr. Stevens proceeded to sustain by arguments the constitutionality of the measure. In the course of his remarks he said:?Now it is for Congress to determine whether this bill is necessary to raise ?n I support antics and navies, to borrow money, and provide for the general welfare. It is for those who think that it is not necessary, useful and proper, for those purposes, to pro pose soma uciin win, Huu tv? . _ _ jority support the bill, its constitutionality la established. The next question U, if constitutional, is it expedient f The necessity of the issue of these notes is admitted, but objection is taken to them being made money. It is not easy lo perceive how notes, issued without being mode immediately payable in specie, can be made any worse by making them a legal tender. This IB the whole argument, so far as expediency Is concerned. It is contended that the bill would impair contracts, by making a debt payable in other money than that which existed at the time of the making of the contract, and on this ground that it is unconstitutional. Mr. Steven* proceeded to show that this provision of the hill would not tend to impair contracts, and that there was no prohibition to the power of regulating payment*) in connection with contracts, contained in the constitution. Contracts, ha said, are made, not only with a view to present laws, bat subject to the future legislation of the country. As to the talked of depreciation of the currency from making these notes a legal tenner, how do gentlemen aspect that issuing the same amount of notes without the legal tender wtll inflate the currency less? It will take the same amount of millions, with or without legal tender, to carry en the war, except that in one cose they would be be lew par* and in the other at par. No instance can be given of n ??"??? not redeemable on demand in gold, that did nut immediately depreciate; but if made a lag&l tender, and not a redundancy of it emitted, It will keep at par. Mr. Stevena quoted MoCulloch in support of his argument on this bead, contending from this, that daring the suspension of npecio payment by the hanks, which would continue during the war, bank paper would greatly disappear before thi" par paper ol'the government. Haying reviewed the proposed substitutes to his bill,one emanating from the minority of the committee, and thoae of MeeRrs. Ounklin and Vallandigham, and commenting on their efficiency to meet the emergency, Mr. Steveua continued?I flatter myself that 1 have demonstrated, from reason and undoubted authority, that these notes, mudc a legal tender, and not issued in excess of the denisnd, will remain st par, and pass in all transactions, great and small, in full value of their face. I will say, in conclusion, that unless this bill is lo pass with the legal tender clause in, it wtJl not be desirable to Its friends or to the administration, and these who think aa I do will have to vote against it if it shall be mutilated and emasriilated. If It is to be defeated, 1 should be glad if we bad the power which the British Pariiamenl I Kisses si's, to resign our places on the Committee of Ways and Means, and leave it to those who oppose this hill io mature some other measure. So far as I am coorernad. I shall be modest enough not to attempt any other scheme. Ihe Committee of Waye and Means base i-. j and in ih? best of our Door abilities. We arc not infallible?wc do not oome near il. We Lave glvonttour most anxious consideration, and have con milted those whom wa believed to be beat qualified to advise ns. We bare sought to harmonise conflicting vlens on the substitute which the majority tbe corn mlttee have prepared, and we hope it will paps. Wo believe that the credit of the country will be sustained by it, that all i*las.-os will be paid in money which all classes can use, and llial we will confer no advantage on the capitalist over the poor laboring man. If the bill paae I shall bail it as the most suspicions measure of this Congress. If it sltould fell the result will be more deplorable than any disaster which could befall ua. Mr. Cane bill, (rep.) of fa., aald be was for Ihebll, with the legal tender clause. With him the only question was the necessities of the government to put down the rebellion. He would not be controlled by very awe scruples when ths constitution sad lbs Union wars both in danger. The committee proceeded to consider Mr. Cris fields amendment, to strike from the bill that part which proposes to make the notes lawful money and n legal tender In payment of ell debts public and private within the United Htalee. Incidental debate was bad, during which Mr. Momuu. (rep.) of Vt., mentioned the fact that the pending bll'^ reported by only one-half of tbq ppmrolUcf 0f to(J Means. The other four wished it to be understood thai they wore as cordially united on their own prqject ae the others wera on tbslra. The substitution proposed by bim war not his particularly, but had been modified, in order to meet the views of those who had submitted amendments. Mr. IIinuuiH), (rep.) of Pa., desired to have the bill re committed, with Instructions to frame one with s clause driving back to their homes all depreciated hank notes. There should be no paper currency not easily sod readily convertible into gold ami silver. Mr. Koaoog L. Goxblw, (rep.) of N. Y., ??" ln* bill m the commencement of a paper syetcm which plunge Ibe country into an abyiw from wblcb tbertf would be no reeiiMlUtlon And reeurrecllon. Mr. Ilonron. (rep.) of Mere., briefly argued that to etrlke out the legal tended clause would reader tbo bill uaoIcas to tbo Treasury Department. Mr. CrlaieM'a amendment waa rejected?ayee, M, nay*, 03. Varloua amendment* were rejected, when Mr. norron, frep.) of Ohio, offbred Mr. Morrill'* *ub*titute, with imendmentA to tbe bill. Mr. Star MB presented a trod Ideation of tbe original lilll. It war agreed that the committee should ria* and r*> wrt tbo a* meaaure* to the lloure. In order to oh*late all dllllcnltte* in regard to the great mmber of amendment* which were pending or about to ie offered, It war agreed that the queetton ehould he ear. owed down In a rote between tbe mbetltule of Mr llorin, agreed upon by nna half of the Committee if Way* [(iiiCJCJNl'Kli ??N HtJIITH JMQl) t

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