The national Republican., 1860-12-11
THIRTY.sIXTH CONGRESS,
Second Session,
Monday, December 10, 1860.

SENATE.
lour report closed yesterday, while Mr.. Green
was speaking upon Mr.. Powell's resolution
Mr.. Latham said that California will remain
with the Union-the great North and West
no matter what occurs. The Pacific railway
was the great desideratum Of her people.
A protracted discussion ensued, which was
participated in by Senators Powell, King, Fos.
ter, Green, Latham, Dixon, Douglas, Sumner
Brown, Pugh, Hale, Mason, and others.
Mr.. Bigler rose to address the Senate, but,
the hour being late, gave way for motion to
adjourn. ga.
Our report closed yesterday, while Mr.. Val
landigham was speaking.l
Mr.. McClernand, of Illinois, said that seces
sion opened a troublous future. He did not
believe our Government could be dissolved by
the action of one of its constituent parts.
Bound together as we are, by common Ian.
guage and religion, and common mountains
and rivers, it is only by civil and sectional
war, such as the sun never shone on, that such
result can be produced. There is more
strength in our. Government than is extensively
believed, and the people will, sooner or later,
rally to its maintenance.
The people of the Northwest are an interior
people, and eminently prosperous, waxing
stronger anu stronger every onau we
consent to have ourselves cut off?
Mr.. Sickles proceeded to show that every in.
stnct, thought, and purpose, Of the city Of New
York, is national, patriotic, and American. In
the name of such people, with such arecord as
he had presented, he ventured to appeal on all
sides Of the House for the moderation and de-
votion to duty which had always characterized
them. One Of the greatest dangers of the day
is that the country does not understand the ex.
tent Of the peril in which we are placed. The
country has been filed with delusions, which
even now present themselves; one Of which is,
that disunion can be prevented by force; that
that it can, by revolution, be brought to the
verge of destruction, and yet at last, the strong
arm Of power can stay the work.
On the call of force, come whence it may, no
man would pass the frontier of the city of New
York to wage war against State which, through
its constituted authority, should, for its rights,
interests, and honor, seek safety in a separate
existence. The city of New York will cling to
the Union while single hope is left, but when
there is no longer Union, proud as she is of
her opinion as a metropolis, ready to Danish
sectional prejudices, and willing to contribute
all in her power to maintain her honor at home
and abroad-when there is no longer Union,
she will never consent to be an appendage,
slave of puritan province. She will assert
her own independence. There is no sympathy
now between the city and State of New York,
nor has there been for years. She will open
her free port to the commerce of the world.
Mr.. Sherman said it was not his purpose to
engage in a debate, but to report bill from
the Committee of Ways and Means.
Consent being given, the bill was read. 1t
authorizes the President to issue Treasury notes
for such sums as the exigencies of the public
service require, not exceeding ten millions of
dollars, of a denomination not less than one
hundred dollars, to be redeemed at the expira-
ton Of year, bearing interest not exceeding
six per centum, for the payment and redemp
ton of which the faith of the United States is
solemnly pledged the bill also authorizes the
President to borrow from time to time money
to redeem the same, the notes to be received
in payment of all debts, taxes, etc. its opera
ton is limited to the LIST of January, 1863.
Mr.. Sherman explained that the bill was to
meet the temporary demands of the Treasury,
which was not now even able to pay the sala
ries of the members of Congress. Last week
the revenue fell short quarter of million.
No increase of the Treasury debt is proposed.
The receipts of the current quarter have fallen
short several millions, and it is probable that
during the remaining three .fourths of the year
there will be deficiency Of ten or fifteen mil.
lions. We have been three years living on
credit, and we ought to preserve the credit of
the Government by the means now proposed,
or change the revenue laws. This will not, &C.
cording to appearances, be the last loan bill.
Its provisions are similar to those of the act
of 1857.
Mr.. Crawford proposed several amendments,
one. of which specifically pledges the public
lands for the payment and redemption of the
debt He was Of the opinion that there could
be no agreement between the North and the
South, and therefore it was the duty of South
ern 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 public 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 seeding States. AS a
matter of course, the assets would be divided
equally with the debt.
Mr.. Grow opposed pledging the public lands,
and maintained, as heretofore, in the language
of General Jackson that they should not be
regarded as a source of revenue.
The amendments were rejected that pledg.
ing the public lands by vote of IS against
l24. The bill was then passed in the form
reported
Mr.. Morris, of Illinois, endeavored to intro
duce his resolution decaratory of devotion to
the Union, &c. Questions of order were raised
that it could not be done while the motion to
excuse Mr.. Hawkins from service on the select
committee was pending.
Without further action thereon, the House
adjourned.
Tuesday, December II, 1860.
SENATE.