New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-02-04

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TIE LEGAL-TENDER BILL.
Just before the adjournment Of the Hous,
this afternoon at nearly o'clock, Mr. Spaald.
/ ing arose and said he just bad information from
the Treasury Department, showing the neces'
sty Of the immediate passage Of the Legal.
Tender bill. He read note from Dir. Cbae.
of which the following, and principal passage.
produced marked sensation throughout the
House:
Insdiats action Is Of great pportance tho Treasury Il
nes,y empty have been obliged TO draw Gu the last n'.
mi, will eJse receive the United States
You viii the neees.iy Of urging the Dill through "h,os
more delay" ..
Interrogated BY several members if there was
not another letter from Mr.. Chase to the
WAYS and Means Committee, Mr Spauding
read from note dated Jan. %, the following:
The general provisions Of the bin submitted to me seem TO
newell sdsped to tbs cad pfopoed Thee are ho"e,.r
. n. pons which p- hsps. De ns.fuly sn.pded Tbs
provon making United states legal tender b.s doubt.
les. we'll coutide.sd b, the Countte and he coz.
cnsion needs support from any oDse ys'iOn o. nlns
thnk ny duty however TO FAY that N rsaPcto Ai' pro-
vision m, reflections conducted {, The same conel-
.ions they hsy. reichsd II !. rot unkn,"n to 'neta
,ba, have felt DO wish to cohcei that 1 ho~
feel great ayer.ion 20 mAAing snytbies out eSia
iese tsnaer - .vdj ,bs bsce.,y o. soeh -g.aop
IL IL reyer prescott p,s-ihe 10 co1s q"rncs Oh she
e.pdi,ure ss,si by the and toe pension Of
-. ~ r-crr. e eat coin lor dtsburieuents, AID Ia
sc.t, bec1e md -nensaby necessary that should
-ort bei.s nj UBifed airs Notes 10. neAIhs nn
n4stea b, me propie senrrsi' bY railroad c"mpau.'
and By many Of the bslsn. instn loDs - ~ snu V
tn. uey i'm all trn.actions absolutely or Pactl'
III, ,,ivs-f Pat unfortunately, come p-Is0Es
md ii. Institutions WEen refuse 10 receive ADD p.5 thefn
a. ~ ss .c,yn .nds n-s.y . tue nnneces cry depte
., T Ice rot.s bat to es;aeh dcriDinslion. 10 basi
nrss th9le .ho, N tiis maj e give c,us s"ppo.
10 he ,;o- rrment sni IN lsyaf OF those who Do not soca
saold. II possible be prevented O. 'hr po,
vision making lse Iote, rsd tender 10 srH il-s.., =
e4. ps.sul- by putting u citizens in this 1espe7' on the
IN. Committee dou fse the necessity OF accompany
III -ur, ., .isision necessary = secure the 9isnes'
,, -, IA. ir largest currency OF hes- Botes Ins,e'
cl',y found Ia ny Jrcgnont ~ pfoi-' @
stoizirk nsi kiug sssociions vita crcl zion based
m e b,1a HI hcb the funded aud y aJah;.ous
...l Of adequate asstiou; which viii MT o"J create
rra ior tas notes. bot by securing the prom %, mer,
interest. aud uan he cre II u IN" ns Surn
e;..sou IL nay De hoped VIII di'es, TIE '.s.s ~.
ttr on sn-rnei-s nd 'e - W. ~
.be rf4ra . ond eHsFe-c, - com sna p0i -
io.- holes. bes eaye 70 si' ma ,lk ~. ~ 50 80
uoi ut do un.parrg 'ere charni OF 81 ae AZ ~ pen
80 Geo contribute e'''inaiy 10 ih's &c "".o coo
4 doubt beng suggested whether the eecre-
tsry favors or opposes legal ten1sr, Mr..
spaulling read this additional pass e from
Mr. Cha.e's note written to-day:
"Rb true With rsactaaee TO The conclusion
hat the lender cls1s7 d necessity eus Gaze - -"
eide ily AID sui port - 'aTn.'tJ.
In q col.oquy started by Mr.. Losejoy, aud
which was anxious aud earnest, Mr. speuldins
stated that tue Tax bill in preparation by Sir
Morrlll was not ready; that the Committee
; hated 10 press their bill to vote before mat
vas introduced, put necessity compelled them
10 do it.
.rpsr11lrrP FOR THE LRGAL.TENDEg BILL.
Messrs. Horton and Morrill, have prepared
substitute for the legal.tendsr bill. 10 hm'ts
deuand notes, without interest, 81 the present
800 C0O, OO0; provides Tor the issue OF $780,
900, 600 OF notes, bearing interest, 3-65i5,
10 be iu0dable ia bonds bearing 3-lOth,
Interest, at 10 years; provides that the Treas
ury notes shall be legal tender for all dues -
the Government and iOr all debts and demands
owing BY Government aud official salaries aud
soldiers pay but not tor debts between lodi.
sduals, and provides batch Of 500 0t0,00cl
Of per cent bonds, payable in - years, 10
addition to the ten-year $40 bonds. Mem
bers of the Cabinet anxious for the passage OF
Me- Spaulding's bill are actively urging it upon
Members. The indications are that lt Will pass
almost unanimously.
An undue proportion OF array appointments
seeming 10 have been made from Pennsyyao
a number of Paymasters, Majors, Captains aud
Ientenauts, were dropped to-day in tue seq
ate, or laid aside for future action. Iocrel
were 10 relections 100 officers of various
grades were confirmed.
/ Among the confrmations were those Ut
Brig Generals WadsworIh, Socum, Meagaer,
aud Cooper
tbs EXPULSION or BRIGHT CERTAIN.
; The Senatorial career OF Jesse ID. Brights
Will come TO a close tomorrow or the nsn
day Mt tue furthest. If his Official iile Dc pro.
longed nll Wednesday it viii be oe'a'iso 81 40
ohs.,,e Of senator Harlow, enforced BY deat1
in his family. or Of the isternhaoiene's 81 OF.
p,ysrd We are glad TO believe that ogf three
p,,.,,,i.an Senators viii put themselves on.
,I.n r.cora beside Powell Bayard and sauls-
bury. .......
IN, senate Military Committee cons dered
Mr.. wilson's bill TO define the pay ana emon'
men, of certain army officers, AID authorized
him to report it win nnimportant amendments
FORT OAKLAND.
Tomorrow Fort Garland VIII, by IA order
be- included in the Department OF Kansas
New Mexico.
SPECULATION IN WOOD.
The wood merchants OF Washington, whose
price on Saturday was Sll cord, no" SV'
soiutely refuse to sell. The scarcity OF WOOL