The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-03-05

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Nj JsMr A RosswrlI moved to amend til. second
secuon cy inserting between word payment" and the
words he may be permitted" the words "or prefers
receive any drafts or notes OF any person or
ton" to leave it optional with any public creditor
to receive treasury drafts at par notes OF persons or
corporations.
The amendment was disagreed to.
Mr. wsTHRor said that he could not forbesr calling
the attention Of the House to this second section OF the
bill. II furnished admirable illustration Of the dnan
cal policy of the administration The government was
to receive from its debtors nothing but gold and silver
treasury psr brt whom came to Creditors
the was TO be changed. II the government had no
gold and silver and It's notes at discount the
dtor to he forced 20 take its notes 4 par or to
without bis Ihe coGasas WIN which this wa,
quite amusing If the creditor prefers deprecated
paper to nohiag CHS section provdes he shall be per-
med to receive such paper To this compile xion had
at last The government was to turn banker, to
become grand dealer paper money, and to be allow
ed to pay It's debts in its deprecated notes Thus
at last accomplished the predictions thst the SUBJ
treasury system was only government bank in dis
guise and bank as it now appeared which was to be
authozed 10 commence its career by dealing in deprs
zsMr JOHN A. ROCKWELL moved to amend the third
section by sdding the following proviso
Provided also That the Secretary Of War ana secre-
tary Of the Navy shall be hereby issue
OF SAID notes or as paper currency or medium
OF exchange in sums Of less amount than i've dollars
each" Disagreed to.
Mr. Jos lNesEsoLL moved to add, at the end OF the
third section. And whenever amount of specie
ceeding $4,000 600 shall be found in treasury of the
United States shall be the duty of the Secretary Of the
Treasury to invest such surplus in government stock
Mr. JSo. ROCKWELL moved to strike out the third
section Of the bill. Disagreed to.
Mr. RIPLEY moved to strike out the word thereof" in
the third section, and insert in lis lieu the words
such coin" Disagreed TO
Mr. SEAMAN moved rs an amendment to this bill the
Senate bi OF last session to establish branch mint Of
the United States in the city OF New York.
Mr.. HuNoEHFoHp moved to amend tho amendment, az
And be it further enacted That whenever the Tres
surer shall be appointed named in the 9th secto1 Of
this act ell moneys books and papers in the hands Of
the Assistant Treasurer in the city of New York shall
be transferred to the treasurer Of the branch mint
tsolished by this act and said branch mint shall
thereafter DO the place OF deposts for the public
neys instead OF the used in the tom house
and the treasurer Of said branch mint shall be subject
TO Gil the provisions contained in act entitled An act
to provide for the better organic ten of the Treasury
and for the collection, safekeeppg. transfer. and dis
Which the Of Srsncb n
New Orleans" Agreed to-
The question required agreeing to the amendment
The hour appointed for taking recess having arrived
the Chair was vacated until FIVE o'clock.
EVENING szssroN-LAsr SESSION.
UbrkkAsUhr-BRAnCH MINT AT NEW
When the House again met the bill to amend the sub
ish branch mint in the city Of New York, as proposed
lid not preval-ysas AZ. nays Is
The bill was passed, and is as f,ows:-
Sec. That hereafter, whenever transfers Of money
the Treasury required to be made by the Treasu
~ Department from any depository Of government
another under the provisions Of the act Au
gust 1886 entitled An act to provide for the better
organization Ct the Treasury aud for tho collection safe
keeping transfer and disbursement OF the public reve.
nue., and such transfers cannot be effected otherwise
than by the of Specie at the expense Of
the government. shall be lawful for the Secretary Of
the Treasury to cause to be paid out of any money in
"a I'D
penses necessarily required effect such transfers in
such manner by contract, draft. Otherwise may be
attended with the least hsza.d and the smallest charge
to the government
Sec. . That In all when Treasury drafts not less
amount than six hundred dollars cannot BE- converted
by the disbursng agent at the place of disbursement
into gold silver at above par and when the public
cretor intended to be paid BY such draft present at
the place OF and prefers to receive such
draft at par in pay meht he may permitted
ceve the same by special endorsement thereon, paya-
and regulations applicable to all other Treasury ats
under section II OF said act approved August 1886
shall be enforced to requrelhe speedy OF
said drafts at the place VI and prevent the
same being used thrown into circulation as q paper
currency, or medium oil exchange.
Bee Shat during the continuance Of the existing
war with Mexico, and with view to the procuring Of
foreign gold or silver coin at the lowest rates. for dis
bursement in the prosecution of said war; it shall be
lawful Tor the Secretary Of War; the Secretary
Navy to authorize treasury notes treasury drafts to
be exchanged for such coin, at rate above CON-
mercial value thereof in the United States: Provided
That said exchange shall be to the
governme ntthon .aly other mode of disbursement.
Sec 4-rhat all dsbursing agents of the government
within or without the limits of United States shall
be required to keep safely and disburse oil public
neys received by them, under such rules and regula
tons and with such security shall be prescribed
the Secretary of the Treasury 10 ensure proper &C.
countabiy, and TO guard against the loss of said
neys and to facilitate and SECURE the prompt and faithful
payment and disbursement OF the same, in conformity
with the law ami prevent in all the use Of
bank paper In making such disbursements.
Sec 5-Tha gold and silver intended for the payment
0epOSlteQ
ant treasurer or treasurer Of the mint branch mint
at the port where the duties are payable whose receipt
Tor such specie may be accepted the collector OF such
port in pay ment of duties accrung there.
sec 8 That the number Of clerks authorized by the
i3h section OF the said act approved Aug g. 1876 may
be increased, if deemed necessary SO as not TO exceed
weny the annual salary of fourteen Of whom shall not
exceed eight hundred dollars EACH and Of the ng
six the annual salary OF three shall coed one thou
sand dollars EACH and OF the rest the annual salary shall
not exceed twelve hundred dollars EACH nor shall the
annual aggregate sum exceed seventeen thousand eight
Sec. THAT during the continuance of the exciting
war with Mexico, ard with view to the procuring Of
foreign gold or silver coin at the lowest rates for dis
bursement in the prosecution Of sal war; shall be law.
u for the Secretary OF the Treasury authorize trea
on at rate not above the commercial value thereof in
he United States: Provided That said exchange shall
more to the government than any other
node OF disbursement.
Sec s-Apprspriates s225 900 for the purchasing of
ite and erecting suitable building and completing the
necessary machinery for the said branch Appoints one
superintendent, treasurer esssyer. one melter
md rener and coiner and the requisite number of
clerks snd subordinates, with salaries at from 81 500 to
5000. The diectioni Of the branch to be under the
control and regulation Of the direction Of the Mint at
subject To the appreciation Of the Secretary
IF the Treasury.
rHE LIEUTENANT oENEpAL--DEvEL oPM ENTs--MEMBER
or CONGRESS APPoINTEp OFFICE.
Mr.. BoYp, from tue Committee Conference, made
report on the dsagreong amendments to the supplement
al Ten Regiment Bill 1t was read the Senate agreed
10 recede from its objection to the Lieutenant general
MIR. AsHMuy commenced speech The lieutenant
general had been three times rejected yet appeared
was now to pass. The Committee on Military Affairs
were agans! the proposition WHAT has produced the
changer
Mr. CARROLL Let me say portion Of the committee
at least are consistent They now at the com.
mencement Of the session. They opposed to giving
aid and comfort to the enemy, by placing the
head of our army incompetent to cammand it,
Mr. AshnuN-fwo menbers have lately received
high nominations.
AIR BarSkssHoTr Name them who are they D
r. Name tnem," e name them u
Mr. SIMMs, of South Carolina Who have been nomi.
mated to the Senate
The sYsAgEK-rhs is out Of order
Mr. AsHaUs.-i never say Indirectly what will not
assert directiy-t' VINO is t7J