The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1857-12-22
TELEGRAPHIC.
IL TELEGRAPHED EXCLUSIVELY TO THE
EVANSVILLE DAILY JOCRNAL.1
Congressional.
WASHINGTON Dec l9-P

tablished in March last ought to be matcri-
ally increased. and also one IN favor of the
substitution of home valuation on imported
goods. The resolutions lay over.
Senate resumed consideration Of Treasury
Note Bill. Mr.. Wilson said that the closing
hours of the saith Congress were devoted to
efforts to deplete the Treasury, and they
were now at tic commencement of the 35th
Congress trying to fill the Treasury, new
empty. He called attention to some facts
connected with the expenditures OF tile gov
crnment.
Mr.. Crittenden thought that Congress
should raise the tariff 80 as TO restore the du-
ties on iron. cotton and wooden goods to what
they were before the tariff of 1916; that would
increase the revenues OF the country some.
thing like $200o.000, and thus afford relief.
He would vote for the issue of SO ,0oO, 900
treasury notes under the circumstances, but
not for $40, 000,0
Mr.. Hunter insisted that $40 900. 900 wa.
not enough, and it would be necessary to
pass another bill next year providing for
more.
Mr.. Wilson replied, that if twenty millions
be asked for now, before the close vi the ses-
sion owing to over estimates of receipts and
large amounts recommended for the war and
navy departments another twenty millions
would be wanted.
Mr.. Benjamin said Congress authorized
debts to be incurred, and therefore ought to
provide means tor their payment, instead Of
charging the administration with extravs-
gance.
Mr.. Seward attributed the Revision to over
importation and the diversion of capital
from its ordinary channels; lie did not be-
leve that the banks were to blame.
Mr.. Davis advocated the bill us u simple
proposition to borrow money to meet the
wants of government, and tho executive was
responsible for the proper application of the
money; instead OF IA revenue tariff he pre-
| fcrred free trade as far as practicable,
Mr.. Dixon spoke i'll favor OF American in
dustry rs the best means Of restoring conf
dence, resivins trade and replenishing the
treasury.
Mr.. Collsmer opposed the bill, and took
occasion TO remark that with all the boastin z,
the sub-treasury system, and hard money
currency, when pressure came the whole
bottom was knocked out, and application
was ;hen made Tor the issue OF irredcemable
paper. Why not honcstl! borrow hard mon
| ey and pay interest Tor it with which to pay
the debts of the government.
| Mr.. Hunter defended the sub-treasury sys-
tenn. Ii was established tina: government
should not be embarrassed by bank su,pen-
Sons in managing Its latf..irs. Treasury
notes were the cheapest modes in which mon
| ey could be had and itwould not. Us charg-
cd. be forced on people, to the exclusion OF
| gold and silver i'll payment of debts.
| At four o'clock an unsuccessful attempt
was made to adjourn. The majority seemed
determined to pass the hill before the ad-
journmcnt Of the Senate.
Mr.. Trumhull proceeded to show the ex-
| travagance Of this as well as the preceding
administration, showing that is wants 10
| At .i.,liu vyif -;
MOI lbs. No necessity of raising twenty mill
| lions has been shown.
| Mr.. Pugh opposed the bill, regarding it as
= strange proposition To come frDm the Dem
ocrate side To issue twenty mill ons of suin
plasters. lie was, however. willing to vote
for it, it il coald be reduced so ~ to provide
only tor raising ~ much money us was inn
mcdiatcly wanted. lie wished to prevent
the circulation of these notes ~ bank notes.
The bill finally passed as reported. allow
ing the Issue OF $2o,Voo,00 and lin ting its
operations to January LIST, 1859, and prohibit
ing notes Of less denomination than S1JO-
81 against is, US follows.
feas-Allen, Bayard, Benjamin, B;ggs
Bigler, Brown, Clay, Critiendenf Douglas
Evans. Fitch, Fitzgerald, Foote, Greene
Hall, Hunter, Iverson, johnson OF ARKANSAS
Jones, Kennedy, Mallory, Mason, Pearce
Polk, Reed, Sebastian, Seward. Stewart
Thompson of n. j., Wilson and Wright.
Nays-Bell, Broderick, Chandler, Clark
Collamcr, DAVIS, Dixon, DoolittIe. Durkec
Fessenden. iiamln, Harlan. johnson vi ell
King, Pugh, Summers, Trumbull. Wade,
AT half past six Senate adjourned.
HoUsE-Rcsumed consideration of Bennct's
resolution providing for the special commit.
| tee for the consideration OF all papers Oh the
subject oil the railroad to the Pa, ifs.
Mr. Burksdalc made an unsuccessful mo
ton TO table the resolution-94 to ~.
Mr.. Clancy Jones explained provisions o
bill for issuing Treasury Notes. which h,
said were similar to those heretof re passed
both under Democratic and Wing Admins
trations. lie would endeavor to obtain a
vote upon it to-day.
j Mr.. Richie called attention TO the fact tina
there are two sets OF DemOcra 8 one theureti
cal, who will pas nothing but gold anu I'll
yer; the other practical. who will have any.
thing they can get, and who now ask fo
treasury notes.
Mr. Banks remarked that statcsm IN had
! all times asserted that u resort To treasur,
notes was Of doubtful expedieics. and dal-
gelous in principle, and should never be re
sorted to when other means oil relief could b,
obtained. Ii is not true that government
cannot obtain relief except through thes,
treasury notes. There never Was y pcrio,
when loans could De effected ci;h.r for larg,
or small sums. or short or long time. or bet
ter terms thar now, rs the country is riche
now than il ever has been before. lie wish
ed TO have the bill amended authorizing th,
issue Of treasury notes, only in case it shall h,
found impractical 20 effect loan Tor gov
ernmcnt stocks bearing six per cent. interest
the aggregate sum borrowed not to exceec
100000. As the circumstances are diff
ierent now from those which attended tn,
note-bili Of 1916; then there was war will
Mexico. Mr.. Cobb, interrupting him, re
marked there was prospect OF war with tn
| Mormons.
Mr.. Banks replied, there was here Repre-
/: sentative from Utah with the same standin.
that Mr.. Cobb has, and therefore it could 10
: be said we are at war with Utah. bat ther,
was "a speck of war in another direction iron
=, which the administration could not be re
|, lieved by the issue OF treasury notes.
Mr.. Wilson urged that Congress ought I,
. prefer to supply public necessities by treasu
~ notes. rather than by loans of long peri
cd. tor there may be no necessity tor resort
ing to loans but at this time; when threat
ened with deficiency OF revenue, il is import
ant that pubic credit DE maintained.
Mr.. Bishop supported the bill on tn
. grounds that the notes would go INTO circu
!, lation and be used medium of exchange
, They would meet the necessities of govern
! ment and benefit the business OF the country
!. which Is not in us prosperous Il condition a
= Mr.. Banks described it. 1t may be true tina
!, there is more money than ever in the coun
i try, but is it availablel Mr. Bishop woul
L A. n n