The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-11

entert.m 6ny applications from those in favor OF
ieiSsnal Liberty biEs and against the execution Of
nc Fugitive slave law We woald not hear tne
word slavery among prominent republicans TOT
the rext tour years The city Of New York WIZ CHING
10 the Unicn while siaese hope eft but when there
= no longer Union proud as she Is OF her opinion ~
metropolis ready 10 Danish sectional prs|odIces ana Wi
ling to cont bute all her power 10 maintain her honor
az hsnr. and ahgpad-whcn there Is no longer Union
shc vii 10 be appendage or slave OF
Puritan Province she will assert her own independence
There sympathy between the city and state Of
New York. nor has there been for years me WIZ OPEN
her fIec port 20 the c, nrnerco OF The world
the Ten MILLION Treasury NoTE BILL
Mr.. SHERMAN, frep) oil Ohio, said II was not nis pur
pse 10 engage debate, but 70 report blu from the
Con mttce Of Ways and Means.
Consent being given, the bill was read. II authorizes
the President Treasury notes FOR such SUMS az
the cxgcrees OF the public service require not exoeea
ing $4,000 0C0 OF denominations not less than $loO 70
ne redeemed at the expiration OF a year, bearing
interest not to exceed six per centum, for
the payment and redemption on winch the ialth
bin authorizes the President borrow from time TO
time money redeem the The notes are to be re-
oeved in payment Of all debts, taxes, &c The opera
tion of the bill is limited TO the LIST of January, 1863
Mr.. SUrKMAS explained that the bill was TO meet the
temporary demands OF the treasury which not now
allie even 10 pay the salaries of members of Congress
Last week the fen short quarter Of a million.
No increase Of the treasury debt is proposed Tho
cepts for the current quarter have fallen short several
millions and II is probable that during the remain
dehciency Of ten to afteen millions. We
preserve the credit Of the government by
the means now proposed change the revenue laws.
This will not according to appearances be the last loan
BILL Its provisions similar to the act OF 1857.
Mr. CRAWFORD, opp OF Ga. proposed several amend
mens Of which specifically pledges the public lands
for payment and redemption Of the debt He Of
opinion that there could be agreement between the
North and the South II was therefore, the duty OF the
Southern members to ask their friends that the public
lands be set apart for the payment of the debt They
of the South did not desire OF the retiring States 70
be oppressed with their quota Of the public debt SO long
any agent Of the original States held any Of the assets
Mr. HorToS, opp of Ala did not regard this amend
ment essential If there should unfortunately be
disruption in all likelihood there would Of necessity be
negotiation concerning the portion Of debt falling the
seeding States As matter Of the assets would
be divided equally with the debt.
MIR. GROW, (rep of Pa, opposed pledging the public
lands and mantane heretofore, in the language of
Jackson they should not be regarded OF reve
The amendments rejected; that pledgng the
lands, IS against l24.
The bin passed in tho form reported.
Mr. MoRRs, trcp) of H., endeavored TO introduce
resolution declaratory OF devotion 10 the Union, &c
Questions Of order raised and il could not be
done while motion TO Mr. Hawkins from service
on the select committee was pending.
Without further action thereon the House adjourned