The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-12-31

tha treasury subject 10 dram IcN than six
millions, and chs excess Of expenditures is
daily reducing this amount therefore au.
thority should by Immediately given for the
issue OF twenty millions Of Treasury Notes
Mr. Hunter said this bill correspondent with
that OF so. with the exception that there
is no provision for funding the debt and
another difference Ia US 10 the mole of pay.
ing the interest. The bill was read. Il an.
ihor,sel the Presiden, to cause sums TO be
issued as the ex'gcncieS Of the public service
may require, but no, too exceed at any
time the amount oftwcn,y millions, nor.to be
OF IA less denomination than five dollars, the
notes 10 be paid and redeemed ut the treas.
ury one year from the date Of such notes.
Until they shall In respectively relcc,se,l,
/ they shall bear such rates Of interest us shall
be expressed in said notes, which notes Of
interest upon the first issue, which shall no,
exceed six millions, shall be fixed 10y the
Secretary Of the Treasury with the appro-
baton Of the President but shall In no case
exceed six per cent pcr annuin. The resi-
due shall be raised IN whole or Ia part, after
public advertisement of not less than thirty
days, as tho Secretary Of the Treasury may
direct, by exchanging them at their par
value Tor specie. 10 bidders who shul agrcc
10 make the exchange al the lowest rate of
interest, not exceeding six per cent pro.
videl, that after tho maturing Of said notes,
the nier~t thereon shall cease ut the cxpi.
ration Of sixty days notice OF readiness to
pay and redeem the same given by the Sec
rotary of the 1rasury. Payment on the
1 tts.n nl sn,l, 4.
the lawful holders thereof respectively, upon
presentation at The Treasury, and shall IN.
Glide the principal OF each note and interest
which may be due thereon. The faith Of
the United States Is solcnnly pledged for
the redemption Of the notes, and no notes
shall he hypothccated, sold, or Disposed of
In any way for any purpose whatever either
directly or indirectly, Tor any sum lcss thnn
the amount OF such notes. including priuci.
pal and interest. The notes shall he trans.
lerred by an assignment endorsed thereon by
the persons 10 whose order the same shall
lie made payable. accompanied by the deliv-
cry OF notices that they have bccn 40 NJ.
signed,
The notes are TO b. received by the pro-
per officers IN the payment Of all debts and
taScs levied by the authority Of the United
States, and In payment for the public lands.
and on every such payment credit shalt b.
given for the amour, OF tho principal and
interest due on such notes the day on which
they ahalI he received by such officers. Au.
,hofiy il given TO purchase said notes ut
proper amount for principal and interest at
| any time.
The remainder Of the bill relates TO DE-.
tails, provides pcnal'y for forgery AMI Mp.
propriatc- 800, 900 10 carry il into effect
Obligations being made 10 the consideration
81 the bill now, Mr.. Hunter gave notice that
he would Gull il up Tomorrow.
I'esore proceeding to the election Of
printer, Mr. johnson Of Arkansas offered
| proposition tina, the person receive the con.
tract on condition that Congress have tho
right TO appeal or modify Nil existing laws
relative 10 public printing, and no laws or
damage 10 the pcrson by reason OF such
notifications or repeal. shall bc allowed NJ
constituting any claim or idemniiy sgaius,
Congress.
The proposition was agreed 10. aud the
Senate then balloted Tor printer.
Mr.. Harris. If the Union received -
votes. Geo N. Weston ~ Scattering 2.
Mr.. Harris was then declared elected.
Mr.. Douglas. before the result was an.
pouuc,d. said that b. had declined 10 vote
Tor reasons satisfactory 10 himself
The Senate went into execute session ard
shortly after adjourned
WAsuiNGtus, Dee. ls--iIou4g--.Nr.
CIinuman offered n resolution directing the
! Commissioner On Accounts ~ examine the
stationery provided for thc use Of the mem.
beers, report its is lilll value, and make such
! recommendations az they may deem proper
In The premises. Mr. e. said. ifibe prices now
paid Tor stationery, are the same ~ hereto.
fore. there must be great mistake some
where he found il ~ inferior ~ 10 have 10
purchase some. H. had .cen statement
IN the Siobs Of serious character, and
whch. II true implicated tbe late Clerk Mr..
Gallon 10 an enbczzlemcnt Of public money
A debate ebsued. hut no action was taken.
Mr.. j q. Jones. from the Finance Com.
mitee, reported bill Authorizing the isue
Of treasury notes. bill making appropria.
tons ior the expenses Of the Indian De
partmsnt civil asd diplomatic appropriation
bills.
The House then wen. into COMMITTEES OF
The Whole on ,he Treasury note bill similar
W thh, Introduced In the Senate. No action
was taken 90 the bill and Mr.. Jones gave
notice thai be- would ask for the considera-
ton Of hi. hill on Monday.
On motion of Mr.. Smith. Of Va, a special
committee charged with examining the sub.
jet Of public printing, were directed TO ex.
tend their ipquirie. 10 binding, engraving,
paper. public debates IN Congregational
Ggbe. &c.
Mr Banks introduced bill authorizing
the Ieople Of snsas 10 form constitution
and STATE government, preparatory TO I'd
mission into the Union. with all the rights
of original States. Referred TO Committee
on Territories
SENATE Mr.. Douglas introduced bill
u authorize the people u Kansas TO form .
constitution and state government, pfepara-