Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-02-04
8g TstegrapIr,
reported for the Daily Intelligencer
CONGREs Al.

HousE.-JnO. Cochrane, Morris, of Pa.
and Noel, of MO..fpreSented memorials ex-
pressive of the strong desire for the nd.
Justment of the difficulties. Those hy the
last named included signatures Of IS la
dies, who do not thus approach Congress
IN spirit OF dtctHtton but as the descend-
ants OF honored women Of the revolution.
Ar. sherman called mp the bill author
izlng the President at any time before the
9rst Of July TO borrow on the credit Of the
United States not exceeding 26 million
certificates to be issued for not less than
$1,000, coupons payable semi.anuunllv.
with Interest, and the faith of tile United
States pledged for tue payment of the in
terest and principal.
Mr.. Phelps offered substitute, that the
80 section of the act of June, 1860, pro.
TidIng for the redemption Of the Treasury
notes, be modified SO us to empower the
Secretary of the Treasury to negotiate for
tue balance of the loan, not taken under
that act, on the most favorable terms in
stead of restricting the negotiation Of the
loan at not less than par, and after notice
of 10 instead of 80 days.
AIR. Sherman opposed the amendment.
The loan proposed was SIS, 100000. He
supposed 1t woHld settle up the accounts
Of this administration. AS there was no
money and little revenue, they would be
obliged to resort to the credit of the Gov.
eminent. az tssy
Mr. Hindman offered the proviso that no
part OF the loan should be used to main.
tain forces to make war OF States which
may have seeded.
Dir. Sherman opposed such an amend
ment.
Mr.. Garnett, considering that the Nor
rill tariff bill provides for u loan of TWEEN
ty-one million, considered tha bill de-
signed for war purposes.
MIR. John COchrane thought If Mr.. Sher-
man depended on the Morrill, tariff bill for
sufficient revenue, he would find himself
mistaken. The proposed alteration would
paralyze the commerce.
Mr.. Sickles said It was not surprising
that n protective tariff bill should embrace
authority to borrow twenty one millions,
as it would be necessary to make up for
the revenue lost by the diminished i'm
ports. This is the Republican tariff prom
tsed in the Chicago platform.
Mr.. Mtllson mOYed,to strike from Mr..
Phelps substitute the words, "the proceeds
of said loan may be applied to discharge
the current expenses of the Government"
Agreed to-l2G to AZ.
Mr. Phelps substitute was then rejected
so against ll6-and the hill, as origins
ally reported, passed by 1914 against az +,
the opposition coming from the Democrat
ic side.
Mr.. Corwin gave notice that he would
move to close the debate on the report of
the Committee Of Thirty three on Thurs
day.
Mr.. sickles suggested that the vote
should not be taken till the assembling of
the UoiOn Convention.
Alr. Corwin would he governed by cir
cumstances in that particular.
SESATE.-Messrs. Bigler, Fitch and Cam
erOn presented plumber of memorials in
favor of tue Crittenden resolutions.
Mr.. Chandler presented petition of the
citizens of Michigan. asking the Senate,
LIST, to ascertain whether we have gov
ernment detacto or not; 2nd. that If so,
measures be taken forithe apprehension Of
NIL persons presenting themselves at the
seat of goVeFuuAents nader preteDGo--of
being commissioners from independent
governments, on a charge Of treason; 3rd,
that measures be taken to protect the
archives Of the government; 4th, that the
forts still in possession of the government
at-the South, be promptly supplied with
men: 5th, that sufficient number Of yes.
sells be placed in the Santhern ports to
protect commerce and collect the revenue,