The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-12-11

tions, no temporzing expedents. Otherwise n
the secession of few States only but total disrn
tlon OF the whole government is inevitable, We a
slaheihg Eow IN the forum of history-we are &C
ing IN the eye OF posterity. We have solemn duti
10 tne whole country to perform, and if we do NJ
ulscharge them instantly and Alright "not popr
Dor mandFagon,' nor all the drowsy syrups
tne word viii medicine to that sweet slee
Whlcn yesterday we owed. In the name of II
democracy OF sixteen States of the Union,
protest against the arrangement of this committa
NY motives may be misinterpreted now. Be
so! n Time ne, Will wi IN little while vindicate them
MT. McCLERNAND said that secession oppnod
troubous future. lie did not believe onr Gorar,
ment could be dissolved by the action of one of il
constituent parts Bouhd together as we are bv
common language, and religion, and commo
snotnI moGnIains ana rivers, it is only by civil an
sectional war, such the sun never shone on. tha
such result can be produced. There is NOR
s'rength IN our Government than is extensive
oeiieVed. and the people will sooner or later rail-
III J." iIs ihahtenahce- The gentleman from Forid
mad alluded to the fact, that the Northwest Demor
racy has been excluded from the committee and h
urged TINS as the reason why be should be excusad
lie thanked Mr.. Hawkins from his heart for the
MOVIES "hlch prompted this generous manifesto
ton, nevertheless he (Mr. McClernand) could No
| agree that Mr. Hawkins should be excused from
| serving on the Committee. lie was amazed tha
the entire Democracy from the North shonld h,
11 I1o'uuea from representation on the committee
he could not believe the South would now dasar
tneir friends in the North Would they not consnI
thelr own safety by meeting with the North thf
prescription OF a merciess Republican foe? LET ms
mSHI 'ne pattie out under the Constitution; let US
WINE IL IS not too late, accommodate our differences
on principles of justice, and secure to the neono
OF the South their constitutional rights and thus
nao9, lprever, TINS distracting question. The
people OF the northwest interior peonle
ana emnently prosperous, waxing stronger and
stronger every day. Shall we consent to have
ourselves cut off I'm the course of his remarks
ne expressed his confidence in the patriotism of the
Chairman of the Committee STCKI Nc
proceeded to show that every instinct Thought md
pu pose OF the city of New York is national M
tr!otlc and American; in the name of such peonIa
win such record as he had presented he ventured
TO appeal, on all sides of the House. for tho moda
ration and devotion to duty which had always
characterized them. One of the greatest dannors
o Tue day Is that the country does not understand
tne extent OF the peril in which we are nIaced =
The country has been filled with delnsione which
even now present themselves one of which is that
disunion can be prevented by force. That ito hv
revolution be brought to the verge of destruction
ana yet at last, the strong arm of power ran sto
the work. On the call for force come whence II NAV
no man would pass the frontier of the CITY of New
i OK TO wage war against State which throuoh
It's constituted authority, should for its riphts
interests ana honor, seek safety in a separate
existence The Union can be made perpetual by
justice but not by force, and if these truths were
engraved on the hearts of the people of the north
west and east, all would be we'll Until these trntbs
pe recognized there cannot be peace He, and so
power to deal with this question rests alone
on the Republican party, who have Just achieved
through the recent election, the PATRONAGE and
power OF tne Federal Government, and who control
the legislation OF the Northern States Let those
legislatures speedily be convened and see in what
manner they are prepared to deal with this ones
tlon The cause of the present evils is disobadiAnca
10 me obligations of the Constitution cnpino to
"hlch, as an article OF faith, we would have peace
again If there is not conscience to rendar faithful
compliance with the present Constitution is il tn
be expected it can be patched up with better effect
9y Messrs. Glddings, Seward and Sumner? He
Gespalred II there in the North East or
west, conscience that would have more
reverence Tor a work of this kind than for
that of the heroic fathers of the Republic
Mhy does not the President elect sneak
IL Mr. Lincoln would give notice to all appIcants
for ofhce that he will not entertain any applications
from those IN favor of the Personal Libertv
BiIs and against the execution of the Fugitive
slave Law, we would not hear the word slavery
among prominent ltepubcans for the next four
years. The city of New York will cling to the
Union while single hope is left, but when there is
no longer Union, proud she is of her opinion
as a metropolis, ready to Danish sectional preiu.
alces, and willing to contribute all in her power
10 MAINTAIN her honor at home and abroad-wbea
there Is no longer Union, she will never consent
TO be an appendage, slave of a Puritan province.
she will assert her own Independence -
mere Is no sympathy between the city
and State of New York, nor has there haen
Tor years She will open her free port to the com
merce of the world.--Mr. SHERMAN said il was
not ms purpose to engage in debate, but to re-
port bill from the Committee Of Ways and
Means.-Consent being given the bill was road
1t authorizes the President to issue treasury notes
1or such sums as the exgences of the public service
require not exceeding ten millions of dollars of
not less than one hundred dollars, to
oe redeemed at the expiration of wear bearing
lnteresafh ls aha act offedeiHpf6 edeiHfpfi6 OF weu the
United States is soemnly pln6orrow iruu6o 6ot the
to time, mniie PrAsiaeetn the same, the notes to
be received in payment OF all debts, taxes etc.
Its operation is limited to the first of January 1863
MIR. SHERMAN explained that the bill was to
meet the temporary demands of the treasury, which
was not now able even to pay the salaries of the
members of Congress. Last week the revenue fell
short o quarter OF a million. No increase of the
treasury debt is proposed The receipts of the cur
rent quarter have fallen short several millions and
it is probable that during the remaining three
tourths OF the year there will be deficiency of ten
or fifteen millions We have been three wears
living on credit, and we ought to preserve the
credit of the government by the means now pro-
posed, or change the revenue laws. This will not,
according to appearances, be the last loan bill Its
provisions similar to those of the act of 1s57.-
Mr.. CRAWFORD proposed several amendments
one of which specifically pledges the public lands
for the payment and redemption of the debt
He of the opinion that there could be no agree
ment between the North and the South, and there
fore it was the duty of Southern members to ask
their friends that the lands be set apart for that
purpose. They did not desire any of the retiring
States to be oppressed with their quota of the pub
lie debt, so long. as any agent of the original
States holds any of the assets.-Mr. HOUSTON
did not regard this amendment as essential. If
there should unfortunately be disruption, in all
likelihood there would, of necessity be negotiation
concerning the portion of debt falling on the Sc
cedng States. As matter of course, the assets
would be divided equally with the debt.-Mr.
GROW opposed pledging the public lands, and main
tanned, as heretofore, in the language of General
jackson, that they should not be regarded
source of revenue-The amedments were re-
jected that pedging the public lands by vote of
rs against l24,--The bill was then passed in the
form reported.-Mr. NORRIS, of Illinois, en-
raised, that it could not be done while the mo-
tion to excuse Mr.. Hawkins from service the
Select Committee was pending. ng.-Withoutf further
action thereon, the House adjourned.