New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-18

NJ. HUNTER ssket ,r irIr1edisp oons dersuoo
srS csused 10 es rssS 3 coI 1rncate1 rym c.e o'c
rssrv cf .ts Treasury n whic1 - sfatei tcA. tt
is in ire warehouse Ct Ne~ien ,rr 49,
tie cuies 10 lie paid will be mare taan SIX me'Gns
that there are Low il the Treasury sutto' 10 oIa
thsn six millions Of dollars and toe excess :hpena,
tures Is csly reducing .h.s suoun:, ana tnst taeIe
fore authority shoud forthwith be gwen LOT 10 n'oo
of trerty millions OF Ire ssGyy notes.
Mr. HUNTER said this bill corresponsed win tna'
of lsi7 With the exception that there no
for funding the debt; and smother difference as 10
the mode of paying The interest
The bill was read. II authorizes the Ffes'cent 70
csuse such SUNS 20 be ssued the eIgenc;es OF sae
public service may r. quire but not to excess 81 ~
tine the amount Of 80 900 Tor 70 De OF less denomi
pa,on Ii an $50 the notes to be paid and receeed a.
the Treasury after the expiration Of one year nom
the dates Of such notes, until they shall be respect
lively redeemed; they sSa bear such rate, OF interest
as shall be e,pressed in said notes, wien
rates of int rect upon the first issue, which shall
po, exec Cd sc 600 CO. shall be fixed by tie Secretary
of the Treasury with the appreciation Of the Presl
dent but shall in case, exceed ak per cenum per
anpum the residue shall be raised in whole or In part
After public advertisement Of lot lees than thirty days
as the Secretary of TIE Treasury may direct ey e1
changing them at their par value for specie 70 odders
WHO shall agree to make the exchange al the lowest
rate of interest, no. exceeding six per esntun Fer
of qaid notes, the Interest thereon shall cease
ct the expiration of sixty days notice OF readiness 10
nav ard redeem the sane, which may at any time be
given BY the Secretary Of the Treasury. Payment On
the redemption of such notes shall be mace 20 me
lawful holders thereof respectively upon presentmeh
at the Treasury and shall include the principal OF
each note and interest which may be due thereon.
The faith of the United States Is sOeinny Pledged Tor
the receu p.on Of the notes. and notes shall De ny
poihecaed scld or disposed of in any way, for any
purposes whatever either directly or indirectly 10
any Gum le.s than the amount Of such notes INCLUDING
principal snd interest The notes aha Dc trsnsielred
by an assignment indossd thereon oy sls n.vssls
accompanied by the delivery OF the nouce
that they have been 90 assigred. The notes
sle TO be received by the proper officers IN psysn
of all debts ard taxes levied by the autnoty Oh ns
United States and in payment for public lands, ana
en- every such payment credit shall be given to tae
amount of the prndpa and interest due on such notes
on the day when they shall have been received %
such officers Authority is gwen 20 psrcnase sat
any tine The remainder Of the bill relates TO de-
tails provides penalties for forgery, and appropriate
s2O, 900 to carry it into effect.
Objection belug made to the consideration OF the
bill now, Mr. HUNTER gave notice that he would
Before proceeding to the election Of Printer, Mr..
JOHNSON Ark offered proposition tina. the per-
col to receive the contract on condition that Congress
hsye the right to repeal oT modify all existing laws
relstive 70 public printing; and no loss or damage 10
the person by reason Of such modification or repeal
shall be allowed continuing any claim or indemnify
The proposition was agreed to, end the Senate then
balloted for Printer.
Mr. HARRIS of The Union received % votes, and
George NJ Weston ls; scattering, 8 votes.
Mr. HAMS was then declared elected.
Mr.. DOUGLAS, before the result was announced,
ssd that he had declined TO vote for reasons satffac
tory to himself.
The Senate went into Executive Session, aud shortly
a'terwsrd adjourned.
HOUSE OF REPRESENTATIVES,.
Mr.. LEIDY announced the death Of Mr.. Montgom-
cry Of Pennsy vsnia and sulogzed his character as
also did Mr.. FLORENCE.
The usual resolutions Of respect were passed, and
the House adjourned