Holmes County Republican. [volume] (Millersburg, Holmes County, Ohio) 1856-1865, 1858-01-14
Twenty Millions of Paper cur

Twenty Millions of Paper cur.
rency.
In his annual message President Bu-
fchanan extols the bard money sub-treasury,
and wages war on banks and mixed cur
rency. In less than month the boasted
sub-treasury suspends, and the first act of
the Democratic hard money Congress is an
issue of Twenty Millions of dollars in paper
money by the federal government! The
Republicans in both houses Iabored to
purge the bill of its currency character, and
an amendment in the Senate making the
notes payable on special endorsement at
each successive transfer, was lost by de-
cided Democratic vote.
Two amendments were adopted in the
Senate, one moved by Senator Fessenden
of Maine, the other by Senator Wilson, of
Massachusetts,. These amendments were
limitation of the time for putting the
notes in circulation to one year, and alter
alton of the lowest denomination from fifty
dollars to one hundred dollars.
The able Washington correspondent Of
the ST. Louis Democrat reviews the action
of the administration party in Congress on
the paper currency bill, and clearly shows
wide departure from the Democracy of
former days. The writer, probably Mr..
Blair, the representative of St. Louis, thus
closes his review:
am proud to say that the Republican
members in the House also made every ef-
fort to give the bill democratic shape,
though without success. They offered va
rious amendments with that view, and sup
ported every amendment of the same nature
which came from the few conscientious ma
tional democrats. General Quitman, hold
ing the same opinions as his colleague in
the Senate, proposed to make the lowest
denomination of the notes one thousand
dollars, and the great body of the Republic
ans and but very few democrats passed be-
tween the tellers in support of the PROPOSE
ton. There were good resons for Banks, du-
ring the discussions, speaking of the Repub-
licans as "the democracy on this side cf the
House." and the title was accepted by all
except Mr.. Campbell, from Ohio, whose
crotchety egotism is well known and whose
disaffection is of old standing. And Mr..
Banks led the democracy of the constitu
ton" las he subsequently termed the Re
publicans, in explanation of his previous
designation,) with great tact and ability.
He had the benefit of Old Bullion's coun-
sells, with whom he had breakfasted that
morning, and you may be sure they were
not favorable to the paper money scheme.
He read letter of Jackson's, in which
treasury notes were denounced as shin
plasters, but our national democrats were
as deaf as adders to the admonitions of the
Hero of the Hermitage. He offered an
amendment to authorize the President, if
he deemed it advisable for the public in
terest, to contract directly for loan of
fourteen million, instead of issuing treasu-
ry notes to that amount, leaving either al
tentative optional with him; but the de-
moralized national democracy rejected it.
They would have shinplasters, and their
will is law. Every Republican in the
House of Representatives except five, voted
against the bill, and every democrat but
five voted for it. Need any more be said?
Kansas EIectiOn-.FrOm Nebras.
ka.
ST.. LOUIS, Jan. IL.
Kansas correspondence of the Demo
crat says that the Free State Legislature
and State Ticket received an average ma
iority of one hundred and eighty-ive at
Wyandotte. The majority against the
Lecompton Constitution was three hun
dred and seventy.
The Leavenworth Times of the 5th
states that the average majority for the
Free State ticket in that city was upwards
of eleven hundred. The majority against
the Lecompton Constitution was thirteen
hundred and seventy. A gentleman from
the Territory states there is little doubt
that the Free State ticket is elected by a
large majority. No disturbance reported
thus far.
Resolutions have been introduced into
the Nebraska Legislature depreciation the
action of the Lecompton Convention IN
failing to submit the Constitution to vote
of the people, and expressing the opinion
that the establishment of such precedent
may have important bearings upon the
of their domestic institutions. Resolutions
endorsing Ferguson to seat in Congress
in preference to Chapman, passed, both
Houses by decided vote.
WASHINGTON, Jan. Z.
Mr. Washhurn aroued that CONGRESS had