The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-22
House OF Representatives.

WASHINGTON, Dec, 81, 1857.
DISCUSSION on THE TREASURY NOTE BILL.
The House resumed the consideration of the Treasury
note bill
Mr. ABsorT, (opp) of Me-, altogether opposed to
the bill because not necessary at the present time
He was not in favor converting the general government
into great national bank for the purpose OF circulating
paper money the extent Of twenty millions. He would
protect the national honor and credit but in the way least
injurious TO the people. Such an issue as is proposed
would proong and aggravate the commercial embarrass
ments and a of relief he suggested the
tacns CT all unnecessary expenses and the abolition of
The Treasury would thus be relieved to the
extent OF more than twenty millions OF dollars.
Mr. IkrrIER, (adm.) OF Va said Mr.. Abbott would find
democrats willing reduce the expenses OF the govern
.mcnt, where could be done without prejudice the
public interests lilo proceeded 10 show the pressing ne
ccsy that exists for the issue OF Treasury notes and
millions Of duties on forty fortyve millions OF goods
now in warehouse in the several cities.
Lcchers points, said If the latter and his friends would
take the question out OF Congress- and attend 10 the
business OF white there would be no such surplus In
the Treasury 1858 and 1854 He took issue with the
President denying that paper money produced the pre-
financial disasters and expressing some views ON the
question Of hard money.
Mr. LrrIxR said the gentleman would soon be the
Governors chair OF Massachusetts and he should look
with considerable interest 10 his views hard money.
He should expect him to 60 TO the very root.
Mr.. BASks responded, that wherever nc should he he
would contribute and recommend 50 far in his
power; 70 effect radical reform this matter Ir Mr..
fletcher supposed he should ask the bankers OF Massa
chuset.s 70 restrict the issue q paper money he would
be met with the reply: "As the general government will
not forcmihe issue Of paper money there Is no reason
paper currency, did II establish debt II con
verted the government into bank diercn, note would
be sounded the other of the ball where would meet
with recommendation, while the democracy would be
.arraycd against II.
Mr. IolYoY (opp) I'm, said this was deceptive bin,
but he would not characterize as fraudulent in the legal
sense OF the term. The bill proposed what called loan,
but in reality II designs converting the government into
great shnpalster machine, 10 all the country with IRE
deomabe paper money, which has always professedly
been disastefu the democracy The generous soul or
democracy has left that csrcase and has entered
anuaes the true Jciicrsonian democracy, the
publican party He supposed the plates for the Treasury
already prepared with likeness Of the Presi
end and that Of the secretary OF tue Trcas
rs at the ether, with the motto-"Thauks to the Sub
Treasury the government has not failed" gaughicr)
He urged various objections against the bi contendng
that there was no necessity for loan lie wanted %
build the government on the rock OF bard money or
per representing dollar for dollar lie wanted 70 know
where the money was TO come from, and whether any
part Of 10 be used 70 force Infamous laws and dcs
pc.ism on the people Of Kansas, and the Lecompton
constitution nj the point Of the bayorct.
Mr. I4IolrxR inquired whether Mr. LOvcioy
that the people Kansas to vote today Therefore
the money could not be used for that purpose.
Mr. fovrIoY replied, the party there played such
fantastic tricksn as made Heaven blush and the
other place rejcce. Qaugher) Tyrants always want
money, and he could only compare this admnistra.
zion 10 that Of Philip II. He charged the sham
democracy, aud warned the people Of the fact, the
desposn, and the Treasury Department into great VA
iiona Bank The Prcsden, is gradually sliding into IT,
and when he fully succeeds the democracy will swear
they always favor a bank.
Mr. CaMrmi (opp) Of Ohio, intended 10 support The
measure with such notifications and guards as should DO
thrown around IL, whether the form Of loan Urea
f-nry notes. but when they were about passing
bill for outstanding debt Of twenty millions, i struck
him the part OF wisdom that they should make pro,i
sion Tor the redemption Of the boQts when due. The
gentleman from Illinois, (Mr Lovejoy) in his suggestion
OF direct taxation had stolen the thunder Of gentle.
men
wanted to know from them when they intend renewing
their proposition from the last Ccngressl
Mr.. orTrsAS, (adm) Of Miss, said he would do at
the proper time, direct taxation only the stop
ping Of corruptng influence the treasury whether be
IN plethoric or exhausted condition.
Mr. Boycs, (adm) OF {. c. remarked that the subject
was very 10 his heart aud he and his friends
in The hope Of ia adoption lie trusted the tune would
when the great doctrine OF FREQ trade would prevail
with duties whatever on imports, and the support
thc government by direct taxation.
Mir CAMPBELL resumed-He believed with the doctrin
OF the Fathers OF the republic and which the Presidcn
had never repuded, that the tariff should be framed
with the Of raising the FOR economical sup
port tho government with discrimination for The pur
pose Of proection He wished 10 offer an amendment TO
the bin imposing increased duties carpets iron tho
various kinds Of manufactured cottons linens silks worst
eds WOOL &C His object was TO meet these Treasury
notes and 10 provide incidental protection 10 the indus
The committee rose, and the Senate's Treasury Note
bill was referred 10 the Committee on Ways and Means
resolution was passed limiting the debate that sub
Jcot 10 two hours to morrow
MORMON QUESTION.
Mr. WARREN, (adm) Of Ark asked, but did not obtain
leave TO Introduce preamble, that
Whereas, appears from the proclamation Of BRIGHAM
Young late Utah and from the Presidents mes
sage that sd Territory now In open rebellion against the
government of the Unitee States, therefore, ......
Resolved That trp COMMITTEES Territories be instructed
TO consider and report and inquire into the pro
prey OF excluding the the Dor OF the House. Of
rne delegate from that Territory.
The House then adjourned.
Last Free I.ecture.-Dr. Robert Hunter
vii deliver the last lecture Of the course on Consumption