Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1857-12-18
WAsu1NGToN, Dec. /

OFFlCE, CORNER WATER AND MONROE STREETS.
CONGRESSIONAL.
WASHINGTON, Dec. II.
SENATE-Mr. Gwinn presented memorial
from a large number of citizens of California
aud New Mexico, praying the establishment of
a territorial government in Arizona, and subSe-
quently introduced a bill for that purpose In
his motion a select committee of nine was or
dered to consider so much of the Presidents
message as refers to the subject of the Pacific
Railroad, and subsequently introduced bill for
its construction.
On motion of Mr.. Slidel, n select COM of five
was appointed to examine into the condition of
banking Institutions in the District of Columbia,
aud the authority by which such corporations
assumed to transact business Of banking also,
what further legislation is necessary to regulate
and control such banking.
On motion of Mr.. Seward, a resolution was
adopted, calling on the President for n copy of
any correspondence which may have taken place
between the Departments & British and French
residents on the subject of claims alleged
losses from the bombardtnent of Greytown.
On motion of Mr.. Trumbull, the credentials
of Bright and Fitch, together with protest
against the rightto hold their seats, was referred
to the judiciary Committee.
Mr.. Wilson gave notice of his attention toin-
troduce bill, granting to the citizens of Wash
ington and Georgetown, a million acres of pub
lie lands, for thcsupport of schools.
Mr.. Pugh introduced bill toimprove naViga-
ton at the falls of the Ohio river.
Mr.. Clay introduced bill to repeal all laws
allowing fishing bountics.
Mr.. Hunter, from the Committee on Finance,
reported Treasury note bill.
Mr.. Hunter instructed the immediate conSidc.
ration and caused to be read communication
from the Secretary of the Treasury, in which it
is stated that in the warehouses at New York
II 4. Il ~. 60 = NJ mr.
GOO on which the dnties to be paid are cstmet-
cd at more than $4,000, 900. There is now in
the Treasury, subject to draft, less than So, 0O0
900 and the excess of Expenditures is daily lie
ducing this amount The rcfcre authority
should forthwith be given to issue 2O,000.000 of
Treasury notes. Mr.. Hunter said, this bill
corrcsponded with that of 1S47, with the eX-
ccptiOn that there was no provision for funding
the debt and the difference is as to the mode of
paying the interest The bill was read; it au-
thorises the President to cause such sums to be
issued as the cXigenceS. of the public service
may require, but not to cXccde at any time the
amount of twenty millions Of dollars nor
to he of less denomination than fifty dollars,
the notes to be paid and reduced after the eXpi-
ration Of one year from the dates of such notes,
from which dates until they shall be respective
ly redeemed, they shall bear such rates Of inter
est as shall be expressed in said notes; which
rates Of interest upon the first issue, which
shall not exceed six millions of dollars, shall be
fixed by the Secretary of the Treasury, with
the appreciation of the President; but in no case
to exceed six per ccntum per annunl. The res
iduc shall be raised for the whole or part, after
public advertisement Of not less than thirty
days as the ScCy OF the treasury may direct by
exchanging them for their par value for specie
to bidders who shallagree TO make the exchange
at the lowest rate of interest not exceeding.
per ccntum per annum provided that after the
maturity of said notes The interest on said
notes shall cease at the expiration of sixty
days notice of readiness to pay and re-
deem the same, which notice may at
at any time be given by the Secretary Of the
Treasury in payment or redemption on such
notes shall be made to the lawful holders there
of respectively, upon their preScntment at the
Treasury, and shall include the principal of each
note, the interest of which may he due thereon.
The faith of the U. S. is to be solennly pledged
for The redemption Of these notes. No notes
shatl be pledged, hypothicated, sold or disposed
of in any way for any purpose whatever, either
directly or indirectly, for any sum less than
the amount of such notes, including the
principal and interest. The notes snail be
transferred by assignment, endorsed thereon
by the person to whose order the same shall
be made payable accompanied by the deliv-
cry of a notice that they have been so assigned;
the notes are to be received by the proper Off
GERS in payment OF all debts and taxes levied by
the authority of the United States, and in the
payment of public lands; and on every such
payment credit shall be given TO the amount of
the principal and interest due on such notes OH
the day when they shall have been received by
such officers. Authority is also given to pur-
chase the said notes at the proper a.
mount of the principal and interest at any time
the remainder of the bill relates to details and
provides penalties for forgery and appropriates
10000 dollars to carry it into effect.
Before proceeding to the election of printer,
johnson Of Ark, offered aproposition, that the
person elected should receive the contract on
conditions that Congress should have the right
to repeal or modify all the existing laws rela-
tive to the public printing and that no loss
damage to the person by reason of such repeal
shall be allowed as instituting any claim against
Congress- Fhe&proposition that the person
elected should receive the contract on condi-
ton that Congress should have the right to
repeal or modify all the existing laws relative
to the public printing and that no loss or dam
age to tho peFsonby reason Of such modification
or repeali Shali'be allowed as constituting any
claims against Congress. The proposition was
agreed upon, and the balloting was then pro-
ceeded with; Mr. Harris of The Union received
% votes; Geo NJ. Weston, IS; scattering g. Mr..
Harris was then declared elected.
HouSE-Mr. lLeidy announced the death of
WIN. Montgomery, member of Congress from
Tho 0Oth ,1iStri,.t OF psnn .tenraSntntiyp of the