The voice of freedom. [volume] (Montpelier, Vt.) 1839-1848, 1848-02-03

Tho Ten Regiments Bill was then taken up
Mr.. Dix having addressed the Senate. Lett
III session.
In the House, Mr. Donnell's motion to re-
consider the vote on the resolution closing
the debate on the Presidents annual message
being first in order,
Mr., Copp moved to lay the motion on the
table,
Mr. Boyd moved a call of the House, upon
which the yeas and nays were ordered, and
the motion was lost II to us. The question
then required upon the motion to lay on the
table, and the yeas ana nays being ordered,
it was lost, SO to 100.
The yeas and nays were then ordered on
the question of reconSidering the resolution
and resulted: Yeas, 1902; nays, 98
The original resolution being thus recon-
ridered, the question of its passage came up,
closing the debate at 2 o'clock.
Mr.. Ashmun moved to lay the resolution on
the table, and on this motion the yeas and
nays were again called Yeas los, nays So.
1t was accordingly laid on the table.
Numerous communications from the Exc
cutive Department were taken from the
Speakers table, read, referred and ordered
printed. cCNCTdl CcHdlc Dl4lo hCIc lCt'L
twice and referred.
The Joint resolution Of the Senate, author.
iEing the erection of monument to Wash
ington on the public grounds, was passed.
On motion of Mr.. Root the House went
into Committee of the Whole on the Plesi-
dents annual message.
Mr. Palfrcy addressed the Committee,
THURSDAY, Jan. 81.
In the Senate Mr.. Underwood presented
memorial from the Board Of Managers of the
Female Missionary Society, praying that
lands west Of the Rocky Mountains may be
set apart for the Indians.
Mr.. Bagley presented n resolution to be
added to those offered by him few days ago,
insisting that the people of the Territories of
the United States have right to regulate
the question Of Slavery within their rcspec
tive territories.
Mr.. YuIeo, from the Naval Committee, re-
ported bill for the relief of the widows of
the officers, seamcn and marines Of the brig
Somers.
Mr.. Benton introduced bill to amend the
65th and 5lst rules of the articles of war,
relative to the practice of court martials and
courts Of inquiry in the army. 1t was read
twice.
MIR. Benton presented petition from Col.
Fremont, praying the Senate to appoint a
Committee to examine persons now in this
city, as to liabilities incurred by him in Cali
forna, for which he considers the Government
responsible.
A resolution presented by Mr.. Ashley, en-
Al IL,
ing is executed, was adopted.
The Ten Regiment bill was then taken up.
Mr.. Phelps having the floor, went into a cal
culaton to show the effect Of the War upon
the financial and commercial affairs of the
country. lie estimated that up to the LIST of
July last, the Treasury had tilen in arrears,
from the commencement of the war, SG8000,-
600. At the close of the present year this az
rearage w0ull be increased to not less than
S80000,000. He then examined the esti-
mates Of the Secretary of the Treasury for
further revenues, all Of which were too high.
Having made deductions from each item in
the Secretary's calculations, and having shown
how the estimates of expenditure for the next
two years, may be expected 10 fall below the
actual amounts required, he concluded that
the Secretary had over estimated the receipts
fer the next year about $1,000 600, and UNI
derratcd the expenditures $22 100000. lie
did not believe that the money asked for
could be obtained by loan or Treasury notes
The amount Of specie now in the new New
York Banks did not exceed $1,000, 900. The
Boston Banks held about $4,000,000, and the
Baltimore Banks $2,000000. 1t would be
impossible for Government to find $20000,-
600, in specie, and nothing else would be re-
ceiyea for tie proposed loan. The very
large Investments recently made in Govern
mcnt Stock, railroads and manufactures had
absorbed most Of the active capital Of the
country. The money market is now unusually
stringent, and specie is leaving the country
in large amounts by every pa ket. This
state Of things is likely to continue as long as
the war conlinues. Our stocks are rapidly
dcpreciaiing in value. Government cannot
get money from abroad, because other nations
hayen no money to spare, and if thcy had, they
have 40 sympathy with US in this war, and
would not aid in its prosecution by advancing
money for that purpose. In every point of
. view in which the subject presents itself, h.
could see only an embarrassed treasury and Il
distressed community.
Without closing he gave way 70 a motion
to adjourn, which prevailed.
In the House. Mr.. Rockwell from the Com
mittec on Claims, reported, with amend ments,
a resolution providing for the preparation and
publication, alphabetically, of all private
claims from the commencement Of the AlFth
to the close Of the NNIXth Congress, with
the action of the House and Senate on each
particular case One amendment proposes
to employ James Young, at compensation
not exceeding that paid to the engrossing
clerks of the House, the other clerks to rem
der such assistance as may NOS be incouss,
tent with their ordinary duties
An animated debate followed between Mr..
Rockwell of Ct, Mr.. Rockwell Of Mass, Mir.
Evans of Md, Mr. Pollock, Mr.. Cobb, Of Ga,
Mr. Henley, Mr.. Houston of Del, Mr.. Smith |