The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-01-28

A, ooo 900 or rather sqs 900 ceo In an svhsyity -
borro the same time to tins OF those disaosea 70
lend zoe ording to the terms Of the bill
mu.s briesy sxisia Mr Nilss yesterday moved to
amend tie fourth zsction that the secretary OF Tue
Treasury instead Of being n ~ abnypoa !"
change has Trsnsury notes ior neyeoar Tor doihr'
Mr. escoti proceed 70 ,S ross sha NJ
sold nor disposed Of ia amount whatever, tor less
than such notes Including the interest and
tho prircpal therein when disposed OIL
Mr.. w. discussed this amendment at some length,
when
MIR srr,sar enquired Of the Senator from North Ca
rona r Badger, he did not desire to address the Sc
nate as he thought thft that the Senator'S object
wnen he moved the adjournment last evening.
Dir BADoKa said he mad desire to address the Senate
upon this question Of fnsnce He might say, like the
pse George Coman that he was not disposed to inter
iere In matters OF arithmetic tie had no,hing 10 say
Mr. srsIaHr had thought the Senator desired to speak
and wished that Re should not be delayed il his privilege
The amendment was agreed TO
Mr. HuNrsNoroN ed to nd by limiting the time
for the and reissue OF these Treasury notes to
period Of eighteen months instead of the indefinite pc
OF Limitation in the bill OF months after the
listing war with Mexico shall have been closed by q
Messrs huntington speieht, Cameron. and Bsgby,
argued this proposition when the vote was rem, ana
the amendment was lost ayes 49, noes a6-a strict party
division
conne the oil treasury notes TO their par Vaue
and the reissue Of the same at par after being
purchased under par MIR Evans followed up nis motion
wifh his usual able augmentation upon the hoances -
Dir CAss said hs did not mean 10 rebnke any man lie
hoped this bill would be passed and without further
efforts to araend nods ctsnge, OF TO postpone it. De-
bate delay spou question like thus only tended to
abroad lie c0nsndsd that there need OF direct
taxes 10 get this loan Ne pleaded Tor the most active
energy, snd the grant OF Gil the required to the
most vigorous prosecute Of the war he deprecated
tais hating IN the midst OF the war
Mr. MArsuMinq ,irsd If the honorable Senator intend.
ed any reelection upon this side ha wing sde Of the
ehsmoerl
Mr.. CA.s respectfully disavowed any such purpose
His remarks were intended for the whole Senate He
next passed to approval OF the expose of Col Benton
ysstelday respecting the project Of the Lieutenant
General. There feature. however, to which he
could not concur. and that the travelling peace
mission attached to the headquarters of the army.
Mexico wanted peace, she knew how she could get it,
There plan by which the country could BE- saved
from Disgrace Than the boldest of the
On hour, butw readiness aud versatility which
made it appear but half the time
Nr; j. NJ CLAYror maintained that the wing side OF
the chamber were favorable TO the most vigorous prose-
cution Of the and for all the necessary supplies to
carry 1t on But what have you done2 You have de.
yed your ten regiments until 1t too late TO send them
down. They cannot reach the seat Of before the
black vomto sets in As regarded the waste OF me in
more time than whether you measured them by the
hour or the yard stick.
Mr. BAosY spoke again to some extent upon the sub
ject OF delaying the Of the administration, and
the ainews Of war. and was replied to by
Whatever
whatever soita or whatever provocaons in the orgi'
nation OF this war; the administration may have commit
ted. we are now in war; and we cannot turn back,
stop still. The country is At and sustain
and stand BY the country and that is the question
with Us There was no disposition the wing side Of
the chamber to arrest the necessary for the
LEI Of the government As Tor himself he was ready to
vote now upon the bill.
MIR EVANS indicated his am endment and challenged
the Senators on the other side to refute it,
Some conversation followed, when the question was
taken the amendment Of Mr. Evans TO limit the ro.is-
nOtpqa radp ed At
the custom houses, excluding those redeemed by the
other expedsnts ofthe BILL Of repurchasc and maturity
Of the notes
Lost, % 70 rs.
PUBLIC LANps.
Mr. SIMMONS proposed to amend the bill by providing
that the guaranty security reservation OF tho pub
lie lsIds, shall not only 60 for tho OF toe
fer the pay Of the interest and the redemption OF
the treasury notes themselves Mr. followed up this
position with speech in its advocacy and in favor OF
the further object Of maintaining these notes by
some further revenus provisions which shall furnish
safe and regular fud for their redemption The honoy
able Senator next took defence Of the tariff OF 1912
and thought that tariff additions necessary to
sustain the public credit 10 making an inquiry upon
this subject, Sir. Simmons met by
Mir. SrEieHr. who said he would answer the Senator's
question By asking another plan peculiar TO his ceun.
try. II move mendment to tea and coffee, will
the Senator from Rhode Island vote for il?
Mr. SIMMONS Yes, Dir If you accompany il with other
measures
public lands. 1t amounted to nothing 1t ordi-
nary revenue, and amounted to nothing for extra
have additional Of revenue for lis security.
Mr. Wksl protested against the features OF the
bill pledging the public lands for The payment OF thes
stocks He protested against making the public Trea-
sury pawnbroking machine 1t was the first time We
had proposed to the public property to sustain the
public credit No such expedent was necessary. The
faith the honor the integrity of the government were
enough Mr. Westcott also objected to making Wash
ington the sole point of redemptonths would only be
q convenience 20 the shsvers. He objected also TO the
feature of interest the notes from the day Of their
date and again he thought the pledge of the public
lands might interfere in the land bounes proposed 10 The
soldiers an1 other dispositions OF the public lands
The amendment Of Mr. Simmons wesrejected.
Mr.. CRITrErpEN moved TO amend by providing that
the pledge Of the public lands this bill not
terfsre ~ the grant of bounty lands TO the Soldiers
the with Mexico.
mir. CRiTTENpEN, Mr.. Breese, Mr.. Calhoun. and Mr.
Allen gave their opnions brsa fly upon this
the last three not aeoung the sndment
this pledge OF the public lands did not interfere with
other dispositions OF them.
The amendment was rejected % 10 IS The bill was
then reported to the senate and the question being upon
csncuruEg the amendment OF Mr.. Niles and IA r.
colt, OF the fourth section, amendment which
proposes instead OF hypo,heca,on of the treasury
notes for Loans exchange 0: treasury notes their
par value, cot under their value, for such sums
OF money al may DO desirable,
The amendment Was concurred in.
Mr. E,Ars moved to amend, by provision, requiring
of the Secretary OF the Treasury, annual report
Congress, OF the operations Of tbs law in all it, details
Agreed to.
And the bill was orderedto third reading.
And the Senate I'D journed.
House or Representatives.
WAsHINoTor, Jan. 26, lS47.
yxcvv..v a. NV Avn uouurtss Tn nraut ANN W.