Red Wing sentinel., 1860-12-19
W ASliINGrON NEWS.

WAsnrSGroN, Dec. IL.
The Secretary of the Treasury is author
zed, with the appreciation ofthe President,
o issue the treasury notes at such ra1a of
interest as may be offered by the lowest
bidder who may offer to take
Tho same at the lowest rate of interest,"
But in deciding upon these bids, no fraction
shall be considered which may be less than
one quarter per cent per year. The notes
to be transferable by assignment to whose
order the same is made payable, and re-
ceived by the proper officers in the payment
OF all duties, taxes, public lands, and ALL
debts of any character due at the time such
notes may be offered in payment.
The Secretary is further authorized to
purchase the notes at par for the amount Of
principle and interest due at the time Of the
purchase and so much Of any unappropr;a-
ted monies in the Treasury as may be nec-
essary for the purposes appropriated. to the
principal and interest. The power to issue
and reissue notes shall cease on the first Of
January, 1864. The usual provisions are
made for Furnishing forgeries and counter
feiting.
All money hereafter contracted for under
authority OF the treasury and loan account
are to replace in the treasury any amount Of
said notes which shall have been paid and
received for p:blic dues and for no other
purposes.
WASHINGTON, Dec. l3.
The South Carolina delegation are unani-
nous against any attempt to ieterEere with
the collection Of revenue or with the feder-
al property in the State. until every at
tempt at negotiation with the government
shall have been exhausted. No additional
force is to be employed in any of the forts
in the neighborhood Of Charleston. Capt.
Foster, the engineer in charge, is merely
carrying on the work which he commenced
last September. There has been no ne y
movement.
The National Convention of Union Prayer
Meetings has been in session in this city.
and has passed resolution unanimously
recommending all union prayer meetings, all
churches, and all praying people to set apart
the Grst Monday in January as day of
humiliation and prayer. in view of the pres
ent dearth Of spiritual things in the church
es, and the present dangers which threaten
tue peace and happiness and prosperity oi
the country.
The relief bill has passed both Houses Of
Congress, and authorizes the issue Of notes
Tor such sums as the public exegencies re-
q"re' out not to exceed $40, 600 600, in
denominations not less than $50; such notes
10 be PAID and redeemed after the expiration
OF one year from date Of issue, to bear such
rate "t interest as shall be expressed thereon
at rate not exceeding 6 per cent. per an.
mum: 1t IS provided that after the maturi.
ty OF SAID notes, the interest ceases on the
|expiration OF sixty days notice Of readiness
to redeem and pay the same, which may at
any time be given by the Secretary of the
treasury IN one or more newspapers, at the
seat OF government. The redemption and
payment OF the notes is to be made to the
lawful holders upon the presentment at thu
treasury computing principal and interes
Tor which the faith Of tho United States i.
pledged. The Secretary of the Treasur,
with tho appreciation of tho President j.
authorized to cause such portions of the
Treasury notes as may be deemed expedian
to be issued in payment of warrants in favo,
of the public creditors or other person.
lawfully entitled to payment who may
choose to receive said notes in payment a
par.
WASHINGTON, Dec. IA.
This being the anniversary Of Washing
tons death, delegations ef Free Mason:
from different states met hero to-day t
honor his memory and pledge their inAcnct
10 the promotion Of harmony and fratenra
feeling The object is praiseworthy as al
patriots must feel.
Secretary Cobb's resignation has made
!, profound impression here.
The Committee OF Thirty-three, and
majority in Congress will stand by Mr. Rust
resolution as basis Of compromise. Th'
! extreme Republicans and secessionlsts op
pose it..
There is a rumor that Senator Dougla
. will, in the Senate, declare it to be the dut!
OF the President to resist secession by force q
arms. ..,a ..a. .s