New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-06-24
pOyysE OF REPRESENTATIVES,.

HOUSE OF REPRESENTATIVES,
The bill to establish land district in Nevada was
fA NJ. LoyEJoY rep, H. introduced bill re-
Referred,
Mir. LovEJOY rep, H. asked leave to intro
duce q till amenda cry Of the District OF Columbus
Emancipation act.
Tie bin provides that the Commissioners ia as
sessing The value Of the slaves shall be governed by
their cash value at the time of he passage OF the
act. The Commissioners III ali Cases, wnere 1t is
charged tie oath oi ANY RESPECTABLE person that
the claimant is disoya given utterance TO dis
union sentiments, shall summoa Witnesses, none OF
whom ehall De excluded o. account o: color, ana Ii
Il shall be shown that sn,h claimant has given and
and comfort 10 the enemy, bis clam shall be dis
allowed.
Dir. w1CKLIFFE lUn., KY objected to tie ill.,
Production of the bill.
Mr. LOvEJOY-it ia simply for reference.
Mr.. WlCKLlFFE-i Go not care what II is for.
object TO its introduction.
MIR. LAW (Dew., Iad.D introduced a resolution,
which referred 10 the Committee on Naval
Affairs, rendering the thanks of Congress Capt.
Charles II. Davis bis officers, and crew, Tor brilliant
events on the Western waters.
Mr. DAWES rep. II IS called mp the resolu-
zion from the Committee on Elections, declaring
Charles ii. Foster not entitled 90 Il seat as Repre-
sentative nom the lid Cong ressonal District Of
North Carolina. Passed.
Both Mr BROWNE Union, r. H. and Mr..
DAWES REP, Mass cha aaeiiZed the claim OF
Dir. Foster as q fraud baseless as the fabric Of
vision.
The House then went into Committee Of the
Whole the bill authorizing additional issue Of
Treasury notes.
Nj. BAKER rep, n. ~, said he had voted in
every way enable the Executive 10 put down this
Causeless and wicked rebellion; out tue measure
pending wss so unwlse aid viii lead 10 such disas-
tiers and ruin tha. he could not sanction it. He had
examined into some OF financial transactions Of the
Treasury, some Of which We're indeiensibe. Tho
Issue Of hundred and 6tty millions OF legal-tender
notes, as proposed, was unnecessary. They would
not he money, but merely evidences Of debt, and
irredeemsbe. A measure better calculated 70 i'm
poverish the masses and rircreiit the Government
could not be devised, especially when the untold
wealth of the country ia considered and the amount
of interior revenue we'll the increase from the
Customs, which will Soon flow into the Treasury.
Mr.. HOOPER rep, Mass maintained that
the bill under consideration was q continuation
Of similar measure heretofore passed, and was
intended for it's perfection. As a business man,
he (HoOperl had apprehension it would be
disastrous, If carried in'0 effect. The objections
nrged against 1t were OF the came character as
those presented against the former b and in
lis opinion will prove equally groundess. The
Treasury should have $500 0G 600 at its command
against the Government. This would insure con-
fdence and security. He repeated, be had no
fears that the passage of this bill would depreeaie
the currency of the country.
mr. w ALL litep', Az sdll tDdt III Tue mater
OF Initiating the currency, the only question was
whether il should be done by the banks and shaving
shops or by the Governn,en In "a contest Of tins
kind, he was in favor OF the latter and against the
former, carrying on their bleeding operations at the
rate OF ak per centum. III the small notes OF the
Government are as eoo1 as tue small notes Of the
States, and if we, by tner use can ave three mil
lions annually, be called upon all advocates Of econ
omy to come TO the rescue.
Mr.. MORRILL, (Rep., VII remarked that be was
hare IN uiii4 uof1e
notes and remained 70 SILL He regarded the policy
of National Bank us having been adversely settled
by the people, and this measure was considered
the entering to another such system The
banks had pursued msgnsDimous and liberal course
from the start, and but Tor them we should have
been crippled. Differing from the gentleman from
Massachusetts Hooper, ne MORRILL, did not believe
the banks guilty OF initiating the currency. The cir
culaon could not be inflated without initiating prices
generally, and it would have the effect Of driving
coin out OF the country, The true policy was 10
make it the object of the public to purchase our
bonds.
Mr.. LoyEJOY Rep., H. was opposed to the
rtterance Of bank-Jotes which do not represent
specie; but II any VAS 10 have the advantage Of
deprecated currency, let the Government enjoy IT,
and monopoize the business Of making iredremable
paper. He (LoveJoyl was opposed to competition
IL this matter, and the Government only should
enjoy the privileges Of not paying its debts.
Mr.. STEVENS Rep, Pal SAID 1t seemed TO him
that he had heard al tis before. He could not dis
cover that any new IDEAS had been advanced. It |
was desirable that soldiers should have some |
thing which will pass all the country, which
was not the case with small notes. which are not
known beyond the immediate peighborhoOds in |
which they are issued. Hence the importance OF
this bill.
Mr.. SPAULDING's Rep, N. ~ amendment to
the first section, to provide for tire issue Of
$l5O.OOO,OOO Of United States noes, not bearing in
eerest, payable TO the bearer, snd Of such denomi
nations Ms the Secretary OF the Treasury may deem
exponent, provided that note shall be issued for
the fractional part of dolIsr, and that not more
than nfty mil ions shall be Of lower denomination
tham n'e dollars, was adopted, by Yeas ST. Nays is
ms amendment Is the only one 10 the first Sec
s9n. The other sections not acted on, and the
Mr.. STEVENS, from the Conference Committee.
Tax bill. w '"'
AFTER explanations the report was adopted by LOG
against z. Adjourned.