Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-03-31
In SENATE.
WcdnesdQu, .Murch 25, $40.

Wednesday, March %, $40.
The CHAIR submitted communication from the
War Department. transmitting report from the ToPo-
graphical bureau survey Of certain lakes and RI
vers in Wisconsin,; which was laid on the table.
Also, the following report from the Secretary Of the
Treasury reply TO resolution of the Senate of the
2d inst; which was laid on the table, and ordered to
be printed:
TREASURY DEPARTMENT, March %, l5iO.
Sir: have the honor to submit this report in COM
pliance with resolution of the Senate passed the 23d
inst in the following words:
"RcSolred That the Secretary ofthe Treasury inform
the Senate what proportion Of Treasury notes. issued
under the authority Of the act of Oct l2th 1887 and
subsequent acts has been paid to public creditors of
the U. S in discharge of their claims, and what pro-
portion has been used for the purpose OF borrowing
ney, from banks, Individuals together with state
ment of the rate of interest borne by the notes of the
several issues, respectively
"And that he also inform the Senate, whether Trea-
sury notes. bearing interest," have been deposited in
banks, for the purpose of raising credit, to be drawn
against by the Treasury Department. and if any such
deposites have been made, TO state the dates and
amounts thereof, and the dates and sums OF the drafts
made thereon"
In answer to the first inquiry, transmit herewith
a statement prepared by the Treasurer showing the
rates ofnterest and the proportions, whether IN eX-
change for SPECIE in payments OF the issues OF Urea
suy notes under the authority of the act OF 18th DC
tober, 1887 and subsequent acts, required by the
resolution.
In reply to the other inquiry l would observe, that
no Treasury notes issued under the authority of either
of the acts mentioned, have been deposited IN banks,
by this Department. By its sanction, for the purpose
Of raising credit to be drawn against by the Depart
ment But to facilitate the exchange of specie for
Treasury notes. without the delay and expense of
porting it to this city, and then carrying II back tor ex-
penditure, individuals and corporations have
been permitted place specie in special deposite to
the credit Of the Treasurer in certain specified banks;
and Treasury notes to corresponding amount have
been afterwards and not till then, issued in their favor
upon the certificates of deposite shown by the Irea-
surer's accompanying statement.
may be proper add that by pursuing this course,
many risks have been avoided, areH as the payment
of any commissions to bankers brokers for selling the
notes. and at the same time the disposal ofany OF them
by the Government, except at par and for any thing
except Specie its equivalent, has been etfectualy
prevented
Respectfully, L. WOODBURY.,
Secretary Of the Treasury.
Hon. R. NJ JOHNSON,
Vice President Of the U. States, and
President of the Senate.
Mr. PORTER presented joint resolution OF the
Legislature ofMichgan in favor of general bankrupt
law which was read laid the table, and ordered to be
printed
MIR. NORVELL, in pursuance of previous notice
asked and obtained leave to introduce bill hxing the
time for the meeting Of the next session of Congress-
which was read, and ordered to a second reading 1.-The
bill proposes that the next session shall commence on
the second Tuesday in November next
Mr.. STRANGE, in pursuance of previous notice,
asked and obtained leave to introduce bill for the re-
lief Of James Heron; which read twice. and re-
ferred to the Committee on Patents.
The Senate then went into the consideration OF Exc
cutive business, and afterwards adjourned