The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-18


quire as much consideration these OF any other in
dividla. Ifwhen danger comes, and the country IL
threatened with foreigo foe, every man does NO
rush TO the ruscue then will there be time enough to
complain. I
II Is admitted on all sides that we can build ships
faster than we can make officers This has been the
Argument heretofore in favor Of rapid promotion in
the Navy, and il is fact, that we must have on
hand larger supply of officers in time of peace than
is actually wanted. The good of the service re-
quires IT. Tor II enables the Secretary select active
and intelligent men for duty in time of necessity
and even In time Of peace how much better 10 il TO
select from number than to go by routine, lorna.
ture has not gifted all men alike, and though an Of
hcer may be unexceptionable in his character, his
abilities may not be of the requisite order. The re-
putstor Of individuals is, by common and natural
mode Of speaking and thinking, made to reflect up
on the whole country.
In general We attribute vice or virtue to peo-
pie where tina, vice or that virtue is frequently OBJ
served in their representatives.
How proper is il, then, tn at men should be Sc
lected who can give character to the country.
The numerous steamers which are lowering on
our coast like crows awaiting the CARCASS Of the OK
steamers which come harbingers Of peace, but
give striking evidence of what destruction they may
bring in time of war; sufficient reason for securing
before time of need the services of these men whose
abilities may prove them qualified to do their coun-
try honor. When we do go to war much depends
upon the first success, and We are no! inclined to
test whether old age and caution, or manhood with
due experience, are best qualified for deeds of
daring Its well attes;ed fact that very great
k., b.. L., Jota ia he
roes have conquered the world.
House of The Loan Bill
Last Visit Of Boz.
All other business, even the Civil and Diplomatic
Appropriation Bill, was made to give way to-day
that the House in committee of the whole might
take up the bill extending the period for the $l2,-
O0oC loan Of the last session from three to twelve
years, and the time to negotiate the loan one year.
The motion to 60 into committee was met by OBJ
jections on which the Hous. repeatedly divided, as
we'll ds on appeals from the decision Of the chair
but at length the bill was taken up and some verbal
amendments were made, on the suggestion Of the
chairman of the Committee of Ways and Means.
There were other amendments of greater impor-
lance which elected debate. The first Of this class
OF amendments proposed to extend the time for
negotiating the loan one year, and to make it re.
imbursabls at any time after six months notice
given by the Secretary of the Treasury, at pc
Rod not exceeding twelve years, as may be agreed
on by thrSecretry Of the Treasury, and the person
or persons who may subscribe to such loan. Mr..
Wise moved to amend this amendment by striking
out twelve" and inserting fifteen" so as TO
make the loan reimburssble after fifteen years
He commended that the loan could be nego-
hated on better terms if the term were
made longer, and he expressed his con
viction that the failure of the loan of the Extra Ses
sion was attributable TO the shortness of the time for
which it was to be negotiated, and that its being
hawked about the streets had brought the govern
ment into disgrace. Mr.. Gordon denied that the |
government was brought into disgrace by the failure
Of the loanbut by the giving away Of the public pro-
perry, which should have been pledged for the re.
payment of the loan, and the extravaganza of the |
administration which came into power pledged to
economy and reform.
Mr. ROOSEVELT also denied that the failure to ne
gotate the loan attributable to the shortness of
the PERIOD for he asserted that offers were made to
the late Secretary 1.-THE Treasury to take the whole
ofthe loan remaining, and that functionary had not
taken proper steps for the acceptance Of that offer
and to him, therefore, the blame was due. The |
improvdent squandering Of the public domain was |
commented upon as one great cause Of the want of |
confidence Of capitalists in the public faith, and an
unwilngness to saddle posterity with the debts Of
the present generation was urged in opposition to the
extension ofthe time for the continuance ofthe loan,
and then the amendment was lost. but 81 members |
voting in its support. proposition to reduce the
period from twelve TO three years was also rejected
An amendment which proposes to legalize the sale
Of stock at less than par after reasonable advertising
Of sixty days. If no other terms could be obtained
was also debated, but the committee rose and
reported progress before any question was taken
lpon it, beyond the rejection Of motion TO increase
he interest to s per cent, which was made with
view to the reduction fthe period of the loan on
the ground that loan for a short term of years,
at high rate Of interest was better and more
than loan for a long term, at
moderate interest. This, with some unimpor-
,an public business, was the substance of the days
Of the latter class was the confirma.
ton Of Mr. Lowell, Of Maine, in his seat-his cleo
lion having been contested.
Mr. Charles Dickens was in the House for few |
minutes to-day, and his parting with Mr.. Ex.Presi.
dent Adams bespoke warm heariedness on both |
sides, and well cemented friendship that was ex.
,eedinely gratifying. He leaves Washington to-
night direct tor Richmond
Baltimore
Correspondence Of the Herald.l
baltimore, March IL, 1872.