Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-07-28
THE CONFEDERATE CONGBESs
Adjourned Session.
TUESDAY, July %, 1861.


Congress met at twelve o'clock. Appropriate
ursyer was offered by Rev. Mr. HOge, of thus city,
thanking God that the first official act OF the COn
vress had heen the recognition of His Almighty hand
in the affairs of their country.
NEW MEMBEIs SWORN II.
Mr.. Hunter, of Va, said that Mr.. Thomas S. Be-
cock. one of the delegates elected from Virginia:
was nraseut and ready to qualify. The presence of
Mr. Burton CrIige, of North Carolina, was also an
nounced The gentlemen were invited to the Sec
retary's desk and took the oath Of Office
REPORT OF THE SECRETARY OF THE TREASURY.
President Cobb presented the report of the Sec.
rotary of the Treasury which, on motion, was
without being read, referred to the FINANCE Oom
mittee.
TThe report was conside red in secret session. 1t
Is understood that the report is mainly IN answer to
resolution passed at the late session VI congress
instructing the Secretary to prepare statement
touching the amount received from all sources ana
expended under direction of the Government; and
also tabular statistics of taxable property IN the
several States in the COnfederacy. In round NUM-
bers il is believed the expenditures have been
about SO 900 600 up TO LIST July, while receipts
have been about SI4OOO00O The former includes
an item of $500 600 refunded t. South Carolina In
part satisfaction of her outlay in way OF pTepara
zion for defence anterior to her adoption OF the Con
stituton of the Confederate States.
The Secretary of the Treasury estimates the
taxable property, real and personal, of the eleven
States at $4,000 900 600. Secretary Chase puts that
of the United States at SO 600 600 900; but many
of his values are fictitious and ephemeral, while
the estimates of the Confederate Secretary are
based on solid securities. The expenditure OF tie
Confederate Government does not of course, include
the expenses incurred by the States prior to their
connection with the Southern Contederacy, except
the case alluded to of South Carolina Inc Dalahce
of her outlay of 5000 600 has been taken IN Con-
federate bonds no mention of which is made IN the
amount to the credit of the Government. Inc sec
retary will soon issue S2O0000OO Treasury notes,
which the banks take on deposit and IN Aqulaauoh
of dHes.
be made in this report touching the financial pohcy
proper to be pursued by the Confederate States
REFERENCES TO THE COMMITTEE on FINANCE.
The House was called by States for motions.
Mr. PERKINS of La have a memorial, which l
desire to offer to the House on the subject OF imam
cisl resources, and shall move It's reference 70 te
Finance Committee without its Being read Or print
ed. | submit it with resolution OF inquiry, 70
have the same reference.
The following is the resolution:
WHEREAS. The Government of the United states
IL exerting all its energies and employing It's army
Sd navy aud every agency within its power to pre-
vent the expectation of our great staples, cotton
tobacco &c, to any other country, except tnrougn
its porte or by its permission thereby securing tne
complete commercial subsection Of the Confederate
States and causing the industrial and manufacturing
interests of all other countries sustained by these
products to be dependent upon them for their sup
ply. Therefore, be it
Resolved, That the Committee on Finance be IN
structed to inquire into the eXpediency OF this Con
gress conierring upon the Government of the Con-
federate States the power to control the cotton and
tobacco crops of the country, by receiving subscrip
tions in kind or by purchase from individuals at a
price fixed or by such advance upon their value
10 Treasury notes Confederate bonds, as VIII en-
able the Government to make their possession the
basis of credit and negotiation abroad.
The resolution was agreed to.
Mr. Harris of Mississippi, said that there had been
Vllaced in his hands communication touching the
audible service Ii related TO the disposition OF the
cotton subscribed to the Government, and contained
Il plan of finance to be acted upon by Congress. lie
might say that the communication was from an IN
telligept and very able citizen of the Confederate
States He moved its reference, without being rea1
GO the Committee on Finance. The communication
referred.
Mr. Ochiltree of Texas, offered the following re-
solution, which agreed TO:
Resolved That the Committee on Finance DC IN
Structed to inquire into the eXpediency OF suspend
ing the collection of all duties imposed by the laws
now in force on goods, wares, merchandlze ah'
commodities of every description whatsoever lm
ported into these Confederate States during the eN
istence of the present war, and that they report
early day, by bill or other otherwise
THE PAY OF RESIGNED FEDERAL OFFICERS
Mr.. Riyes, of Virginia. said he was requested by
Col Jones, recently Captain in the United State
Army, and who had resigned the Federal service
for that Of the Confederate States t. present me
mortal for the arrears of pay due him at the tim
of his resignation. The application was to recelv
these arr ears from the funds of the United State