The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-01-25

MONDAY NIGHT, JAN. as, Is47.


son, the new senator from Virginia, elected for the
expired term of the late Judge Pennybacer appeared and
took his seat.
After the disposal of the morning business, MIR. Ben
ton made very interesting exposition in vindicaton OF
the President of the United States for having proposed
the creation OF the Office of lieutenant general.
The loan bill from the House then reported from
the Committee on Finance, and the chairman OF the Mil
tary Committee having assented to posponemen of the
army bill for the purpose its immediate consideration was
in spite of the strenuous efforts prevent it, agreed
to by the casting vote of the Vice President discussion
then ensued, which continued until within few min
utes of o'clock when, without any action upon the bill
the Senate adjourned.
In the House, very animated debate arose, relative to
call on the Secretary of the Treasury for information
made weeks since, but with which he had not vet
been able to comply.
The bounty bill was then taken up, and discussed for
sometime in Committee of the Whole, but without any
action on it, the House adjourned
The LOAN BILL has come up in the Senate to be i'm
peded there by debate from the Opposition side of the
Chamber, the tendency, if not the design of which is
manicsty to cmbaass the objects proposed to be accom-
pshed by the bill. Messrs Evans and Huntington con-
sumed very large portion of the sitting of the Senate
to-day in assuring that body that money could be bor-
rowed under the provisions of the proposed law that the
treasury notes issued would depreciae ruinousy that
capitalists would draw up their strings tight till
the government offered them better security for their
principal and interest that the repeal of the Tariff of
1912 had Frustrated the finances OF the country and that
they could be restored only by its restoration
Thus measure of vital importance to the government
and the country alordng the needed to sus-
tain ourselves against the public enemy, is made the
stalking horse of party, and is abused and retarded and
$50 far as the efforts of these gentlemen go) defeated in
order that at the eleventh hour, and frivolous
endeavor may be made to gavanze into life again the
oIious tariff of 1912
Some of the Federal Senators appear from their
speeches. TO think very wonderful that loan should
really be wanted to carry a war;, One would think
while listening to these statesmen that if the Democratic
party had only kept the tariff OF 1912 in being little longer
would have carried the war through VIGOROUSLY of it.
self Yet no fact can be certain than that the repeal OF
that imperatively demanded to check the
rapid dtminuion of the revenue under its operation
The amount brought into the Treasury under in the
fiscal year 1915 than 100000 less than the
amount collected the year before This great falling of
grew obviously out OF the protective and prohibtory
character Of the law 1t is well for the credit OF the
country the present crisis that it longer blos the
Statute Book.
We understand that under the system proposed by the
Loan Bill, there will be difficulty in supplying the
wants of the Treasury AT the time, under existing
circumstances, there be question of the expeden-
cy and the Importance of promptly adopting measures
increase the revenue by the imposition of duties upon
articles OF the Free List and by such other modification
of the Tariff of 1916, in conformity with its general
principles may tend to the result Such course
will commend itself to the favor OF the people, in that it
is needed to maintain the rights and honor of the country
By such course shall have less money to borrow
and we shall obtain what is needed favorable
terms AT all events cannot but hope that the desire
to get up prolonged party debate in the Senate the
Loan Bill may be made to yield TO the urgent demands
and momentous interests of the public service