The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-18
THIRTY-FTFTH CONGRESS.
FIRST 6ESSION.



WASHINGTON, Dec. II, 1857.
NEW TERRITORY OF ARzoyA-rE PACIFIC RAILROAD.
Mr.. CwIs, (adn) Of Cal, presented memorial from
large number Of the citizens Of California and New Mexico
praying for the establishment OF the territorial govern
ment Of Arizona and subsequently, introduced bin for
tina. purpose. On his motion Senate Committee o. nine
ordered to consider much of the President
sage refers to the subject of the Pacific Railroad
subsequently he introduced bill for i3 construction.
TIE RANKS OF DISTRICT COLUMBIA TO NJ EXAMINED.
On motion Of Mr. SiIDELL, (adm OF La, select
mttee OF five appointed into the condition
of the banking institutions of the District Of Columbia and
the authority by which corporations assume TO rans
act the business Of banking; also what further legs
ation necessary to regulate and control such banks
LOSSES by TIm DoMDARpMHST OF GREyrowN.
on motion OF Mr. SEWARD, (opp) OF New York reso-
luton was adopted calling the President for copies
any correspondence which have taken place bc.wosa
the departments and the British and Preach redents
the subject OF claims for alleged losses by the lombard
ment OF Greytown.
TIKI ILLINOIS CONTESTED SEATS.
On motion OF Mr.. TRIMBurL (opp) OF Illinois the ore
dentals Of Messrs Bright and Fitch together with the
protests against their right 70 hold thor seats &c. were
referred to the Committee on the Judiciary.
SCHOOLS DISTRICT oF COLUMBIA
Mr. WILSON opp OF Massachusetts, gave notice Of his
intention to Introduce bill granting the cities OF wash
ngton and Georgetown million OF acres Of public lands
to support schools
IMPROVEMENT oP THE ONO RIVER
Mr.. PUGH, (adm Of Ohio Introduced bin to improve
nc navigation at the Fails Of the Ohio river.
REPEAL oFTHE FISHERY BousIIEs
Mr.. Clay (adm) Of Alabama, introduced bill 10 re-
peal al! laws allowing fishing bounties.
ISSUE OF $40, 600, 600 OF TREASURY sora
Mr. HUNTER, (adm) of Virginia, from the Committee on
Finance, reported Treasury note hill.
Mr. HUNTER asked its immediate consideration, and
caused to read communication from the Secretary OF
the Treasury in which is stated that Hhere is in the
warehouses at New York merchandise to the Of
twenty millions Of dollars on which the duties to be
maid will be six n1 II, 4
treasury subject to draft less than millions dollars
and the excess Of expenditures s daily reducing this
amount; therefore authority should forthwith be given
for the issue Of twenty millions OF treasury notes He
Mr Eun'er ssd this bill coIresponded with that ofls47
with the exception that there is provision for funding
the debts and another difference to the mode OF pay
ing the interest.
The bill read II authorizes the President to cause
such sums TO be issued as the exgences Of the public
vice may require but not TO exceed at any time the
amount On tWeoty millions, nor TO be Of less denomina
ton than fifty dollars the TO be paid and redeemed
at the Treasury after the expiration of year from the
dates Of such notes until they shall be respectively
deemed. They shall bear such rates OF interest shall
be expressed in said notes which rates OF interest upon
the first issue which shall exceed millions dol
lars shall be fixed by the Secretary Of the Treasury with
the appreciation of the President but shall in
coed six per centum per annum the residue shall be
raised in whole part after public advertisement Of
not less than thirty days the Secretary Of the Treasury
may direct by exchanging them at their par value for
specie TO bidders who shall agree to make the exchange
at the lowest rate OF interest not exceeding six per
tum per annum provided that after the maturity
of said notes, the interest thereon shall cease
and redeem the same, which may at any time be given
by the Secretary Of the Treasury Payment the
dempon Of such notes shall be ide 70 the lawful hold
thereof respectively upon presenment the Treasury
and shall include the principal of each note aud interest
which be due thereon The faith Of the United
is solemny pledged for the redemption of the notes.
notes shall be hypothecated, sold, disposed OF
any way for any purpose whatever, either directly
indirectly, for any less than the amount of sue
notes, including principal and interest The shall
be transferred by an assignment endorsed there
on by the persons to whose order the
shall be made payable, accompanied by the de-
livery notice that they have been assigned The notes
to be received by the proper officers in payment OF all
debts and taxes levied by the authority Of the United
States, and in payment for public lands; and every
such payment credit shall be given to the OF the
principal and interest due such notes the day when
they shall have been received by such officers authority
given TO purchase said notes at proper amount OF
principal and interest," at time Tho remainder of tie
bill relates TO details provides penalties for forgery aud
approprstes $40 900 to carry it into effect.
Objection being made to the consideration of the bill
now Mr.. HUNTER notice that he would can up TO-
morrow.
ELECTION os PRINTER or THE SENATE
Before proceeding 10 the election of printer Mr. Jox
son fadm) Of Arkansas. offered proposition that tho
person 10 receive the contract do that
gress have the right 70 repeal modify all existing laws
relative to public printing, and loss damage the
person by reason cf such modification repeal shall
allowed as constituting any claim or indemnity against
Congress.
The proposition agreed TO- and the Senate then bal
loted for printer.
Mr. Harris OF the Union received % votes and George
N. Weston Is. Scattering, votes.
Mr.. Harris was then declared elected.
Mr.. DorcIs, before the result announced said that
be had declined to vote for reasons satisfactory himself
. NEW HOMESTEAD BIIL.
Mr.. Foor, OF Vt, introduced a bill granting a home
stead of leo acres OF land to actual settlers.
TIKI WAR or 1872
Mr.. WILSON, OF Mass, presented the resolutions
OF the Legislature OF Massachusetts,. asking that that
state be reimbursed for money advanced the United
states during the war az 1912.
The Senate executive session and shortly A.
forwards adjourned.