New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-21
THIRTY.FIFTH CONGRESS P;,., g..
SENATE. .wmH,xaro. n :.


Mr.. CRITTENDEN submitted re.o,,s,, ~ ~
consider alton Of the fnsncisl oordlnoa AZ ~, us %
aud the tnbauassments OF the Tsssurr Ws country
duty established by the tariff Of Msrch i.ss ne. o.
be mssraly insreased ard also in favor Of tSssss.s
tuition of system OF home valuation 90 imssssss.,
goods The resolutions lay over. SSM
The serate resumed tue consideration Of Ia r....
Mr. WILSON sad the closing hours Of TIA ~.
fourth Congress were devoted 70 efforts 10 osos. ~,
Treasury ard they were st toe co uimsocen..sss
The Thirty fifth trying 70 i'll the treasury voIoh ~.
row empty. lie called attention 20 some f,css - -
rected With the expenditures Of the G )verruspt IN
thought Congress should revise the tsrf "a a, -
restore the duties Oh iror' cotton na vsslss
goods to where they were by the txi q is.s
That would increase the revenues OF the e..n,,.
something ike two millions OF dOllss, ard thss -!
acme relief. lie would vote f9T the issus Of lea ma
lions in Treasury notes under the circanstAncn b,t
not for twenty.
M HUNTER insisted that ten millioos voala ~.
be enough and il would be necessary 70 pass sao,Ar
bill next year providing for nore 1t had better B,
done row, sill at once.
MI WILSON replied be should DO. be surpdsed II
over twenty millions was asked for before the c,oss a.
the session, owing to oveE.sstma,es OF recslsts ssS
the LARGE amounts recommended for sxpssa,turs i.
the war ard Navy Departments.
M BENJAMIN sale Congress authorized TIE I. h,.
10 be Incurred and Therefore ought to provide ussn
for their payment, Instead oil charging the Atmlars.
trsticn with exiravaeance.
MIR SEWARD attlibuted the revueioa 10 evs.iu
pcrtstion and the diversion Of capital from ID ordinsry
channels. He did not belisve the banks 10 bsus
Mr. DAVIS advocated the bill as simple woposi.
fion 10 borrow money TO meet the wants Of the Gov.
eminent. and thought the Executive was responsible
for the propor application Of the money. lntesd
revenue tariff be preferred free trade, o. FER q w
practicable.
American industry a. the best means 4 restoring
trade and reus lsllng tho IfsAx.
MIR. COLLAMER opposed the BILL and took occs
eiou TO remark that with all the bosstng OF the Sab
Treasury system and hard money currency, shcn "
procure csme the whole bottom was Knocked ou saa
fabrication wss then made for the issue OF hredeem
ALE paper. Why not honestly borrow bard nonsy
and pay interest for IL, with which to pay the debts d
the Government
Mr.. HUNIER defended the Sub-Traasury Srtsm.
II was established in order that the Governmec! should
~, bs smbarras;ed by bank suspensions In the msa-
segment of the fnaJces. TreasuIy notes were ne
Cheapest mode In which lncrsy can be borrowed saa
would not as was charged, be forctd on the soplo
the exclusion Of gold and silver In the paynenia
debts
At4 o'clock an unsuccessful motion 'wss made D
adiourn-a majority seeming determined 70 ps@ NJ
bill before an adjournment
Mr.. TRUMBULL proceeded to show the exkau.
gsnce of this as well the proceeding Administered
saying IL row wants to spend s'OOoo Vov wtnis !ns
re1t Elk months. No necessity for raising $2V,o0"
has been shown. 80,
Mr.. PUGH (Oho) opposed the bill, regarding i y
q strapge proposition TO cone from the Democratic
side of the house to issue~twenty millions OF shin
plasters He was, however willing to vote for il Il
could be reduced TO provide only tyr raising 70
msoh money as was immediately wanted lie Wished
to prevent the circulation of thxss notes bank notes.
The bill was amended, limiting the operations OF the
act until the lst of January, 1859 and nos,
Of lees denomination than hundred dolers and
it then psssed by 81 against IT, as follows;
Clay Crhtenden, Douglas, Evans, fitch Ftrpstrc', roH
Green Bsle, Hunter, yesOn Johr ,n q AiL Joa' ken'
p.dy Mallory Mascn Pesrce, Polk Reid Sebastian, Seward
stuart Thon pson OF N. J., Wilson and Wright
NAYs-Nessrs Bell Brodehck Chandler, CLARK, Colsnes,
Dayi, Dixon Doolttle Dukee, Eessende Hsnn, Harlan.
johnson Of Tenn King Push sinmoBs Trumbu and wsds
At 81 the Senate adjourned.