The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1857-12-22
HOUSE OF REPRESENTATIVES,.

After prayer by Rev. DR.. Gurlcy, the journal Of Sat
urday was read and approved.
aa-g.. TREASURY NOTES. ssa sss.s &
Mr. j. CLANCY JONES, of Pennsylvania moved
that the rules be suspended and the House resolve itself
into Committee of the Whole, and resume the considca
ton of the treasury note BILL and that debate be closed
in two hours after its resumption.
The latter motion was disagreed and the motion to
go into committee agreed to-
Accordingly the House went into committee, (Dlr.
PHELPS OF Missouri in the chair and resumed the
sderation OF the bill to authorize the issue Of treasury
notes. tf
The first section Of the bill having been read the
amendment OF Mr.. BANKS of Massachusetts, that the
power of the President the issue Of these
and determine on the LIST of January, 1852 was an
nounced m rf ~
Mr. ABBOTT, of Maine remarked that members
the other side of the House and the Secretary of the
Treasury asked the passage of this important bill the
ground, they assigned it, of relieving the treasury
mere relief bill. Gentlemen on his side of the
House his friend from Massachusetts,, NIr BANKS and
from Maryland, MIR. DAVIS had expressed their assent
to the general principles of the BILL provided II could be
qualified and limited in certain particulars He himself
was opposed to itm o principle and because he believed
it not necessary at the present time as relief measure
This measure would create national bank for the
purpose Of circulating paper money TO the extent OF
twenty millions of dollars. If the government at the
present time destitute of for the purpose q
carrying on the government he In favor of furnish
ing the necessary means to protect the national honor and
credit and to protect it in that way least injurious to the
public In his opinion this bill proposed TO increase the
national debt $40 900 0O0 and TO circulate paper medium
of exchange, which would aggravac and prolong the
present commercial endorsements AS relief measure
he would propose that the expenses of the general gov
eminent be reduced that they lop off of the unne
cessary expenditures abolish of the sinccurc OF
the country This in his Judgment would be far better
than to issue treasury notes. and would relieve the treas
ury of more than s20,000,0 900 per annum that at
present thus paid out.
Mr.. LETGfIER of Virginia, glad to observe a
change i'm the action of the opposition The democratic
party had been charged with being rather beraI in its
expenditures for the country and 1t regarded s
Gent evidence that they could vote for measure u that
party recommended it, The gentleman had said that IN
his town, in Maine, the government had expended
great deal Of money unnecessarily in some way connected
with newspaper establishment II the salaries ought
to have been paid why did not the gentleman intro
duce bill to abolish them The gentleman had said
that the expenditures for the last year had reached
$40, 900 000 and charged that expenditure upon the
President and his administration Ho would Ike %
know who had the majority in the last Congress u
not the democratic party, and therefore that party
could not be responsible for those expenditures He had