, 1861-02-25

%'AAA$ +-A~N
Nebraska and Washington.
Tie other important bill which passed the
House yesterday, was offered By the Chairman
of the Committee Of Wars and Means-John
Sherman. 1t provides that in place of any
part of the twenty million loan now author
lied by Law the President is authorized to is
sue bonds Of the United States Of denomina~
tions Of fifty dollars, bearing interest not ex-
ceding SIX per centum, pay1ble annually or
eemiannual1y at the discretion Of the secreta-
II Of the Treasury, and running to q period
not exceeding twenty years. Coupons for the
interest thereon to be attached, and to apply
such bonds at par to the payment Of such
creditors as may receive them. OF course
every creditor will gladly receive them in pay
ment Of what the government owes him. The
peculiar festure OF the bill Is the siEe Of the
bonds. Heretofore 81 900 has been the small
est denomination issued. And of course they
were only taken by bankers and capitalists,
and never fell intodthe hands Of the common
people. But since these money lords have
given out that they Wil not. subscribe to
the Government loan, unless the Republicans
shall sacrifice their principles and submit to
the dictation Of. PARTIES, the Republicans
concluded that they would show. these sordid,
unprincipled men thst the new Admin; ;stration
WIS not beholden to them for money, and that
they and their secession allies combined can
not dragoon the people Of the Free States into
accepting the Breckenridge platform. These
$50 Treasury notes will be q very convenient
and popular kind Of currency, aud Ike wine,
the older they grow the better they become,
II man keeps one Of them week 1t will be
worth six cents more than when he got 1t, and
if he lays 1t BY for four months it will have ap-
preciated one dollar In value. It will be q very
safe sort Of money to "salt down for future
pse The greatest objection to the new cur
reucy viii be The scarcity Of It. II the denom-
nations were $f8, 20, 60 and 800 notes IN
equal amounts, the wants Of the country would
absorb one hundred millions Of dollars, The
tory capitalists find themselves euchred in
their little game of "coercion." The TWO
millions Of Intelligent men who elected
Old Ahe are able aad willing to provide his
until by means Of revised tariff and economy,
Its income shall equal its expenditures, Tie
robberies and peculations committed by the
present administration have reduced the finan'
ces Of the Government to deplorable condl,
tion. Some years ago Mr: Old Buck found
n eFeEaoWlng revenue ana elgnteen. n. ml11ona Ha11
OF snrAAs &otn II tne tIeasusy' a4o 1t tae u9s,
government bankrupt, Its crldit destroyed,
the surplus eighteen millions equanderea, in1tt
d natipuA debt Of one hundred millions be
auesathed to his successor as le9e token. eo
much for iGe +1nanclA hstofy OF tne last 1ou1
years Of the late tes9sd3Te!lc Z re paIly.
aaT, Tae ssa ssa'sa On nas 1svisi5n Dsea & ths s r.
whole subject ia being very carefully coneld e
ernd. The Morrill, bill, Ehich passed the
aou.e ou iast session, forms The hFsis Of III
| particulars. The warehouse system eaaseI tsi
The most R1eIsn aoda to remain bonded
three years without paying duties, which By
noanvts claimed to be altogether too heavy
III r. - ~ - nnir 5enIves the 9overumeDt for al
tie the o2.ta daties, but It enables tho foreign
desler to taEe Undue sdyaftegge Of the markets
nfactnrer. @ tn Who cannot afford to hold lis ooiiin
| rnodoties three years, watching the fuctua
lions Of the market, The importing interes
is Gesra fpr the retention Of the three year
clause, andi 3E gewaFd u their champion
IL Honse a, aaa afs N IeS & e. II lePg e. A. =,
On ono year. but hardly longer: period thal
thst. which is all that government can afford O
American manufacturers can stand, and shoul
| be eatisfactory to foreign merchante. II the
sre w mt rnntent with one year, let them taxi
thet: roads to some other market where the,
eau better themselves.
| The sugar duties ii another sqbject enlist
| ing much attention. The duties woaH b
stricken of did the necessities Of the goTes1
mept admit it. But there is the rub. II
Senate yesterday agreed on an amendment;
.To 1ey7 three eqpastcrs OF & c.pt pound o
rag os M1scovado sugar; two Cents on Fe1ne
sagaFi on sugar candy: ese,. .1oar sphts per pound
on mn!aeees, two cents Pet pound; on conlecao1
cry. thirty peg eens. 04 fat9tsns o. noase ope an
ha senss fr p. ~ nonn sad fen er eens oe
ses I'd s6ss x5sa e tRe : T;sss9sy 5etes IS sf9t 4