The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-02-17

MT }. A. ROCKWELL proceeded to make some re-
Mr. JAMESON. Every one can sneak except me
call the gentleman from Connecticut TO order lie Is
hot IN ms seat tie is speaking out there.
MT ROCKWELL proceeded TO say that, before tins
session closed, he hoped some provision would be made
20 pay Inc loan and provide for the expenses OF the gov
eminent Provision should be made for uhe interest and
Ior sinking und he moved 10 amend tue section, but
wIhdrew me amendment
Mr. GAYLE We cannot possibly get along with all
lhis confusion do not understand the question.
move that the committee rise. Lost.
MI. CoLlAMERs amendment was read, striking out the
pledge as to the principal Of the debt The amendment
rejected
Mr. }. A. ROCKWELL. moved to strike out the entire
iund TO eNtingulsh the loan at maturity Lost
MIR STRONG moved 10 strike out the section and of
iered substitute for t. The seclion as II stood was
merely Transfer OF one fund 30 another the treasury
The money pledged W0nd mol be used for any purpose
except TO eXungush the debt He was opposed TO giving
any pledge, except the faith of the government Ii was
the laith OF the government after ALL upon which the
creditor relied II had not been usual TO make such
pledge. Was the responsibility of the government less
now than in lsl4i We had already pledged the public
lands II we now pledged The revenue from the customs
we should have nothing TO pledge Tor future loans lie
moved to substitute provision that the faith OF The
United States be pledged for the payment of the interest
and the redemption OF the stock The amendment was
adopted
Mr. POLLOCK rose to offer an amendment
The CHAIR decided that the 18th section was no longer
subject 10 amendment
MI MchA1 voted, ne sad, Tor the amendment luSl
adopted but would like to know whether contained an
Appropriation for the payment OF the interest
Mr. j. X. lNGERSOLL did not know Che said) what
the last amendment was No one heard It in his part OF
\ Mr. ]. A. ROCKWELL moved an additional section
providing for a sinking fund TO reimburse the stock lost
The fifth section read.
Mr. EVANS moved to strike it out II would be EN-
banasslng to the government and useless the amend
ment was lost.
Mr. POLLOCK moved to strike out the words, 'snch
F.,,. L.
government ought pay less than par under any crcum
stances. The government should do full and exact jus,
tee
Mr. CHARLES BROWN moved to strike out the
word "below, and nsertabove,' The provision, as it
stool, was unjust to the stockholders
The motion was lost.
The 9th section read.
Mr. MCKAY. There is an amendment on the table,
which was offered substitute to the original bill one
section OF If, providing Tor duty and coffee had
been decided yesterday be out of order lie contend.
ed that il properly belonged 10 revenue bill
The CHAIR explained that the substitute was in or
Mr. MCKAY moved his substitute The stale of his
health did not now allow him TO address the committee
He had been laborng under chill and fever Should the
previous question not be ordered he would ask The favor
oi the House 10 permit him 10 explain his views and re-
move the erroneous impressions made by statements on
the other side He PROCEEDED 70 vndcae the policy Of
issuing treasury notes The bill offered By him az sub
sute was transcript Of the loan biof last session
Mr. Mex, was gong on, when the Chamans hammer
fell, Indicating that the i've minutes allowed for
fC,os az 90 a. ;, a., -, s.,
Mr. MCKAY. will speak tomorrow if the House
will allow
The substitute was then read as follows:
Strike ont all after The enactjng clause and insert:
l.; a. -, l, VIZ Cn.leu 9iees i hertily author
1870 l' suci sun or sums as me
S ~ % e g"ve,,4ers may eqnIre bur not exceed
Tlit ~ AZ - noes l'slsd NE sum OF fifteen
-, 49, s, ,,o " ,eIioihihiHohS nor less than TT
neJ il, tI, ,,i,,,I' ho't e g lItpaiiru sSn.o, an
rhat The a,,nr,,t ,r TO-, pioN9foi f'optafa
,ino H. ,,,,, a. -. \ ny 't ous 'li,uhg az my one
nr q nnrs. Il II ~, i 'ls al'u t,i preceding ACTS
j,Jbe - f.r:S y ~ ii',ls o. d',trs'
notes authorized ~ H." ssnaJ H., H., 10y @ siu uesuy
- w." - ,uu NJ Srctloi OF lnts acl
ne an4 feoeelned by the United States, at
oa "a ron, ,. l,,,' ~ VI ul. year or TWO
,vL;ch ia H. - h, ~ hotsS respectively rom
IN ny h'i' pear st,n interest until heY
10 a. ~ III u 'tssntil pe expressed npon
r.r, $40 81 ~, ~; "n'on i've O. incest upon each
70 Of ,l, re,s,,,,t l, ~, - " . ny ie - ret
~ ,h p.s;n H., ~ III w ~ 'le a'Vlct "iu oPfopaltoh
t.ras, m II, nav otI, W. - no "aSc Ncrcu he rue OF IN
~, 800 " 20, 81 s, st h,"h Fy0etaea, lhat, after
80 49, h W 10y VI trc sue! Hlu no'es, snch interest shd
30, ,;,,,o H., ~ s "tYs il'tce, 10 DC gwen al
Of he prinsioal 1,5 H. n ~ m one or more
~ :, ,iil Il Ut t seo' Oh government
Iaai 1917 "e I'm we salie' ne reimbursement
If;id snfh DC niine a, 'he treasury OF The
UPON prestnent and b,I nnl VA cgaeiy,
note and the interest which NAV be due ,hallsn ~ ,
lime Of nov,nont E7er t,is =, - ~ Wy
times herein specified Tho fb of The ifitI ~ u'u
hereby solemniy pled.ed ~ =
SEC. s. Ad be IL further eugcte} That tI sol ,r,,eurv
notes shall be- prepared nnder the direction Of de- Secret
oC the Treasurv and iii nj I,c e,,, ~ -,
States by the treasurer thereof and NEUTRALITY-SUSPICIOUS., H. t
Register of the Treasury and f,nt tlosl ~ @
lively shall checks ppon each of,,a and \, sacn Ito
public safety, keep separate ia and accurate accounts m
the number date dsnoninntion and nt'on,,t az W H.,
sin, pI .,t,.i H.