New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-02-04
HOUSE OF REPRESENTATIVES,.

Messrs. JOHN COCHRANE Dem, N. W., MOR.
RIS rep, Pa, and NOELL (Rep.,, Mo- presented
memorials expressive OF the strong desire for an ad
iusment of the difficulties. Those by the lastnamed
included signatures of thirty-ve ladies, who do not
thus approach Congress in spirit of detati N, but as
the descendants of honored women of the Revolution
Mr.. SHERMAN rep, Ohio,) called up the bill
authorizing the President at any time before the lst Of
july to borrow the credit of the United States, not
exceeding 500O0 O0 certificates to be issued for not
less than 81 000 with coupons payable semiannuslly
with interest. and tie faith of tie United States
pledged for the payment of the interest and prin-
cIal.
Mr. PHELPS Dem, No. offered substitute that
the third section Of tie act of June 1860 providing for
the redemption of the Treasury Notes, be modified so
as to empower the Secretary Of the Treasury TO nego
ate the balance of the loan not taken under that act
the most favorable terms instead Of restricting the
negotiation of the loan at not lees than par and after
notice Of ten instead of thirty days.
Mr.. Phelps said the Morrill, Tarlf bill proposed
a loan of S2l 100000, and the Till reported from
the Committee Oh Ways and Means SO, 600,
thus making $50 600, when there is an exhausted
lan OF ga 600 900 under the act Of June, of which lie
desired the Government TO avail iself without uhnec-
essary delay.
Mr.. SHERMAN approved Of TIE amendment cay
ing that the ten millions under tie act OF June was
specifically appropriated, while in that Of December
last it was for the redemption of the Treasury notes.
To apply this amount for the payment Of the current
EXPENSES as proposed by sr. Phelps would, therefore,
be a violation of the public faith. The lpaD now pro-
UOeed was Tor twenty-five n!lilOnr. lie supported IL
would settle up the accounts of THE Admni-tration.
As there was no money aud little they would
b. obliged TO resort to tie credi, Of the Government.
Mr.. HINDMAN Dem, Ark offered the proyiso
that part Of Ills Ian shonld be ufed for the main
ensnce Of forces to make war against any State which
has or may secede.
Mr.. SHERMAN refused TO accept the amendment.
In reply TO a question by Mr. GARRETT be said that
even dollar tits bill would be required 10 meet
the hailsi,s up to July next, aud the remaining four
t. en- millions under tie act Of June TO meet tie out
standing Treasury notes
Mr. GAKNETr tDem., Val. considering that the
Morrill, IaIiH iii provides Tor a loan Of twenty one
Millions regarded this bill as designed for war pur-
Mr. JOHN COCHRANE Dem, " " said that if
Mr.. Sherman depended that Tuif bill for sufficient
revenue he would be mistaken. The proposed alter
alton regarding the warehouses would shacke ana
pgTulyze commerce.
sir SICKLES DEM, y. " said that it was not
surpritirg that protective taI NJ should embrace
Authority TO borrow tweny-oDe millions, az 1t would
make up for the revenue lost from diminished imports
TLs is She Republican tarli promised In the Chicago
platform.
Mr.. MILLSON Dem Va moved to strike from
Mr. Pbel 20 substitute the words, the proceeds OF
said loan Lay be aprsd 70 discharge the current ex
peuses OF the Government" Agreedto, by l26 agains
The substitute Of Mr.. Phelps then rejected, by
- against 10.
1l. ill IA originally reported was then passed, by
l2i agaitt 30.
Tie opposition cane from the Democratic side.
The Senates resol aon in relation to the non.pay-
men Of the construction mileage 10 tbe widow Of SEN
Linn, in opposition 10 the order Of the Senate that
il rhpi be pabi, then taken up and discussed at
comfortable length, and referred 10 the Committee on
Accounts
TIE Indian Appropriation bill was then taken up,
Wien
Mr.. WASHBURN rep, Ill moved that the House
proceed the consideration of the Senates resolution
proyi'ng for Joint Committee TO count the votes for
PfCfideLt ard Vice President of The United States,
ard inform and notify the persons chosen OF their elec
ton.
Mr. GARNETT had no objection to considering the
resolui1n in the regular way Lu, opposed 10 TAX
ing up ut ilis time il no, being, in his oIinion
question affecting the privileges Of any member OF the
HoGse.
Tie SPEAKER overruled the point the ground
that the Constitution required that the votes should be
counted AID such arrangements must be made for the
purpose.
from the dec ion Of the Ch0r but the House laid the
sSeal ON the table BY 100 az inst 10.
On motion Of Mr.. WASIfBURNE, a Committee Of
five ordered to be appointed to join that on the
part Of the Senate.
Uessrs. Washburne Ill.), Adiain, Ely, Anderson
Ky.l, and Craig Mo- were appointed as the Com
mIt,ee.
The House then went into Committee of tie Whole
"a the Deficiency b and the Chiriqui amendment was
Cisrussed.
Mr.. STANTON rep, Ohio was not di,posed, owing
80 the CONDITION OF the finances TO make the appropria
ton
Mr.. SCOTT Dem, Cal, advocated the amendment
the grond Of lie great advantages 10 transit 10 the
Iaciic over the Chiiqui Isthmus as well us on the
srnni Of economy considering the exorb.tan and OPP
yxrlssiye taIHt Of the Panama Railroad Company. Be-
tiie the Government will be largely benefited in coal
harbOrs, and 20 forth.
Mr.. PORTER rep, Ind,) made a speech against
The amendment, when the Committee rose.
ur. CORWIN lRep., Ohio gave notice of his inten-
ton to move close the debate the report Of the
Committee Of Thirty three next Thursday.
Mr.. SICKlES suggested that vote should not be
taken until after the assembling OF the Union Conven
ton.
Mr.. CORWlN replied that he would be governed by
circuu stances in that particular. Adjourned.