The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-23

WASHINGTON, DEC 1907.
PASSAGE rHE IRsAsUkY Sory sIIl-
The House went into committee on the senate Treasury
Note bill
Mr. GROW, (opr) Of Pa opposed the sending forth OF
m irrcdccnabc paper currency There being nothing n
the Treasury TO redeem The issue would but add to the
evils which now prevail lie favored loan which would
bring forth che twenty millions Of coin now in secret
cesses unemployed and waiting Tor a safe investment
SIR snirH. (adm) Of Va. argued TO show that these
notes were not in the nature Of bank notes. the BILL Ia
effect proposed loan In reply 70 Mr. Grow he said that
the position Of that gentleman apt illustration Of
the Cd adage that an apos,ate Christian Il worse than
ten Turks" uaugh,er).
Mr. GRow--Do you not consider my views on currency
good democracy
Mr SMITH, congratulate the gentleman on that single
remnant Of his Iast democratic career. OsuRhier).
Ar GRow-Nou consider sound on everything but
the Territories shall be occupied by white instead OF black
Mr sSrm-I Judge the gcn,lcmans democracy by his
associates.
hm) President In his Message merely spoke
e. the necessity Of a small loan and q hard money but
the report Of the Secretary Of the Treasury showed de-
mand Tor twenty millions Of Treasury notes Washe just-
cd the other day saying tina; there we're two sets OF
dcmocraone ia favor d specie and the other Of paper
Mr. HorsroS, (sdm) OF Ala, called Nr. Richie TO
order the latter continuing TO speak excedy meanwhile,
amid much confusion.
Mr. IiorsToS gad--l did not hear, want the gentle.
man TO repeat hts threat (Songaton.)
Mr. R1CWE-I made none only said that occupied
the aoor by the courtesy Of the gentleman from Virginia.
and denied the right f the gentleman from Alabama to
call me 70 order.
lir SWIM said the gentleman from Pennsylvania had
Mr. RrcHr-is NO, my inference q fair one.
Mr. SxfTH-No. | am surprised that su.h remarks
should come from statesman from whom we have n
right 20 expect better things should like 20 know what
the gentleman from Massachusetts, meant the other day
by speaking Of the democracy on the other side OF the
hsllf
Mr.. BANKS opp OF Mass.-The democracy Of the
stituton.
Mr.. ssuH-Thst kind which would lie, the Union slide,
and which seeks equality OF tho by absorption
daughter the democratic sidc) And did not the gen
tcman from Illinois say that tho constitution
worthess-ke rotten rags
Mr.. LoyEJoY, (opp.) OF n.--No.
Mr.. SsuH-Nor any thing like ~ daughter, caused by
Che peculiar manner Of the respotSe) Then acsnow
ledge thseI have done the gentleman wrong am glad
that he " sitting under the American Gag and vii adhere
10 the constitution of bis country.
Mr.. ADRHs tsdrn of ~ j., supported the bill and
piled 10 the objections made against H.
Mr. MORRIS (opp) OF Pa, regarded this measure a. an
attempt ~ return 10 the policy with which the govern
ment commenccd--namely, 10 national currency
He was In favor OF National Bank with certain rerc-
tons such General Jackson said might be established,
and was therefore glad that the President had adopted
one of the principles OF the old whig platform.
Mr.. CLANCY JoSs, (adm) of Pa, having replied ~ the
objections urged against the bill showed the
cessity of it's passage in consequence o commercial
WILSON'S The proposed the best and least excep
tonable form Of loan The Treasury wanted money the
cheapest possible rates II not proposed to issue
these currency, had been charged, but on
which 10 borrow the gold and silver to meet the present
exigencics.
The various amendments were then discussed.
Mr. BASEs' proposition 70 raise amount not exceed
ing twenty millions by the Of stock redecmabie IN
one year, was rejected by vote Of IS against lo3.
The committee then rose.
The senate bill was passed without amendmcn;-ycas
lis, nays SO
ADJOURNMENT FOR rrE HOLIDAYS
The House then by vote 81 ~ against 81 passed the
Senate Joint resolution that when both Houses adjourn
tomorrow, Il be until the 4th of January.
Adjourned.