The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-19

sales or government per cent stocks as leee
thai par; but at the rans sessoo OF Congress the
error AMI imsol'sy If th- measures we're discovered
sot the ls~ repeated Which authorized per cen.
ftocss 20 b. Ia at less than We sh 'uld not
fim-, ci.or-dit government pap by selling nne
low oar Whist you'd be the eject OF such q meesurs
the thir' NIL ions OF stock au ny tho
Of isa6 aud lsl7; and the s-vente.n mious
Of stock authorised by the Of lsl2 and sss wouc
be TO reduce these stocks the same amount - tns
fer witch tn. sales are under this act IL would
dscredt our paper and tend TO produce = suspsn,
sion Of specie payments the banks The true msthod
il 60 vote the necss.sry tax sustain the credit Of
paper and 1t is the only plan that will long
The question wa, then taken on Mr. Gsntry's amend.
N ant and Il YVES reiscred
The third section ot the bill was modid~d. at the 10
stance OF Mr. GRSSELLThs. proposals for the loan be
invited by aivsrs in tue newspspsrs thst those
WHO l.ud kaoS when and where tbs money to be
paid and that the Secretary b. authorised to employ
agent or agents If necessary. to negotiate loan
GRADUATION
Mr. MocLERSARp offered en- amendment to graduate
the price of the public lands
Mr.. vrSroS raised question Of order
Th. CHAIRMAN decided that the amendment was not
admissible
The rlrper-THs EFFECT DIRECT TAXES.
Mr. CoLLAMsR strike from the fourth section
that watch dses the receipts Of customs for the
loan Of sixteen millions. re ssii that NJ understood
thstthe loao to hat amount would be CURED Ia add.
ton 10 the revenue but the section provides for the
payment OF the prin oipsl and interest out or it
Mr. PAirREY was understood 10 say, that when the
bin came into the Hous, he would propose an amend
mant TO levy direct Direct taxes he thought,
would have tendency to put stop to the war People
would not the collector more than once OF twice
stop the Direct tsxston a proper mode during
war He asked his friend from Ohio tMr: Vinton)
wheth any system Of custom house duties there
be raised more than thirty five millions His con-
stsuens wiling to any amount for the honor OF
the country but the Legislature Of his State and the
people say that he no. ard unconstitutional
and they regard 1t against freedom, the oonsti
Mr. CoLLAmxR moved an amendment that tn. priuoi-
pal aud of ths stock be paid whenever becomes
due out OF any money in the tt a'usy not otherwise
Mr. JAMrsoSI move to strike out the Arst line Of the
section
The CHAIRMAN 1t is not In order
Mr. JAM'EsoS-l don't hear, Mr.. Chairman,
The CHAIRMAN-The chair decides that 1t is not in
MIR JAMEsoN-T move, then, to strike out the three
hrst lines Laughter.
The CHAIRMAN-Thst Is not in order.
Mr. JAmIEsoN-I move to strike out the whole section
[Lsushter
Mr.. ROCKWELL, of Connecticut, addressed the chair
in font of the clerks table.
MIR. JAMESON still standing up.
There much confusion in the hall but the voice
OF Mr. JAMESON heard alb I've it, calling the gentle
to order and inquring whether he, himself had the
foor
The CHIrRMAS-Does the gentleman rise to a question
Of order
The cHAiamAy, (srav.ly)-win the gentleman please
state his point of ordsrl
Mr.. JAMIEsor-l will. The gentleman is not speaking
from his seat. but in tae [Hs! hs heard all
over the hsl
Mr. JAMESON contested the point, and raped to
order.
Mr. ROCKWELL concluded hi. remarks.
Mr. JAMESON wish Offer a a amendment.
The CaA'RMAN-S-ud up your amendm mt, sir.
Mr. JAMiEsoS-ltis up sur (LsughterJ.
The CHArsnAS (Mr. Botta) heated him of by saying
that an amendment was not now in order.
Mr.. GAYLE move that the committee rise
MIR. JAmIsscs-Am not in order ? (Ha, haD
The CHAIRMAN No
The ls,ton was taken on Mr. Gays's motion, and It
decided in the gave bat two three voting for
The amendment of Mr.. Colamor wa, then agreed to
Mr. STRONG moved strike the whole Of fourth
scott VIII pledges the from for the
ultimate of the principal and interest Of the
loan, insert substitute tho faith OF the
United states pledged provide ana establish suf
ceu for the of the interest aud princi
pal OF the debt.
This wa, agreed to
MIR. J. lNeERsoLL-We can't hear this side OF
th- House We h.vn't heard the amsud msnt.
The CHAiRmAN-The vote was counted-syss 80,
noes ~
MIR ISeEssoLL-I don't doubt that butws did not
hesr the ap-ndm-nt.
IL was again read.
Other am 80 dusnts were acted on when
Inc CHAIRMAN snneu 1c-d that tbs bill perfected
Mr. Mckay offered suostitut. for the entirs bill an.
tnorisins TIE President tn United States to
Treasury notee, for such exgeociee
oftne vernucut may require but not exceeding, in
tbs who's punt OF notes Issued, tbs of fifteen
lions OF dollars anc Of dsnomin aions fifty
dodsrs for auy one nose 10 De prepared signed aud
paed in the nafCer provded-provided tina,
the unit Of Treasury outstanding any one
fm-, that may be- is'ued under this aud all preceding
ecs OF Cong shall not exce-d twenty millions Of dol.
lars aud authorizing the Secretary Of the Treasury
with the appreciation or the President to borrow from
to time sue, sum. as the President NAV think
pedient The bill also proposed a duty of twenty-five.
per cent II yslorem on tea snd coffee
Mr MCKAY raid that IL his intention to have
addressed the COMMITTEES, but he was prevented from
doing by cid couch IT. when the bill oomes
into the House the previous sop shall NOT b. i'm ms
distely ordered he would unit his views The suo-
which he hsd offered simply a copy of the
act If tue last session which suhoris d an sue OF
treasury notes and loan and he was about entering
into analysis Of The bhl when the chairmaus ham
fell t.hing hin that he had spoken 1--WE minutes
(the Limit for explaining amendments
There were cries Of COON, 80 on but Mr.. Mckay
said that he wou!a not violate the rule,
pEsrtUcrioN OF THE MANUFACTURERS
Mr. sTswAKr, OF Pennsylvania, suggested an amend
mspt sud hin spoke TO tue folio wing effect We can
lions more We are told that ths revenue mas doubled
while che penses have been doubled and what does
the Uaion say! refer gentlemen to the UaiJn Il We
don't believe old Ritchis N He says the msuufsc,u
Ters are breaking up The editor says he lie glad Of 1t
lie seys the I'm portston Of Brtsh ron[cres sf read
READ it, He Gays 1t is i'll wind that nobody
good He olows iron works foreign railroad
to oomeia ms ZION masters are receiving good lesson
hands are TO BE- turned out Of employment aud -
Here there ouch hubo1b that IL impossible to
hear the gentleman with dstinctness1
Me- KINo, OF Massachusetts,, again offered his amend
ment nst three peace commissioners be appointed and
1t was again rel ected
Mr. STEWART, OF Pennsylvania cIerad another amend
ueDt to enable him to read the article from the Union
1T would take but m omeGt +" be said.
TIE CHaIRMAs-Iti Is not Ia order. This gentleman
has five minutes TO explain his amendment.
Amsndnents. 10 quick succession, voted on; and
then. came one in relation 10 the
TARIFF OF 1912 AND 1876.
Mr.. CoLLAmER moved 10 anieud the tea and coffee
ton by repeating the tariff It Of 1876 and restoring
ofsil lie sal. that as we we're now about to be-
gin new system Of taxation and as it perfectly
that reGliZs nine millions more than We
realized last year if the of lsl2 be restored 1. was
tine 10 return TO this necessary Of supply We
thould protect lecturers and prevent mo-
ney from goiog out Of the country.
Mr. Nc tLERNAyD L wish to propound a question
We can't hear n the frontier hsre
The CHAIRMAN-(Ruock, KIOSK -Order. What
d0es the gentleman ask
Mr. McCLraNAND The efec. Of tn. amendment will
be TO revive the tariff act Of 1872. Is that IL
The CHAIRMAN-Is is.
poiut OF order raised to the relevancy of Mr.
Colamers amendment which, being settled In favor of
that geutleugn,
AIR CoBB, OF Alabama moved to etriks out after the
word"tea,n that of coffee" He knew that he would
encounter the animsdversoas his friends but he was
responsiDe TO his He had pledged himself
70 vote sgainst tax on "eofse." l"You 10 for tea
han