The New York herald., 1862-02-27
NEWS FROM WASHINGTON.
Letter from the Secretaryof the Treasury
on the National Finances.
The Ab0Iit oniSts DiSpleasod with
Mr.. StantOn's Order Rela-
tive to the Press.
Interesting Debate in the Senate on the
Question Of Senator Starke's Loyalty.

Interesting Debate in the Senate on TIL
Question Of Senator Starke's Loyalty.
Tho Contract Committee About K
Overhaul the New York Office
holders Accounts,
&c.. &c., &c.
AAuNGroN, Feb. 20, 1862.
ZEE TREASURY NOTE - p0SrD BY THE rnnsr
The President has apprsvsAsf e United States Note
bin, and Is therefore Law.
PROGRESS ON TriE TAX BILL.
The Committee Of Ways and Means at work dill
gently but have progressed far enough give
pablo an idea Of the principal features Of the Tax BILL
lDT1ER FROM THE SECRETARY OF THE TREASURY
RELATIVE TO THE ISSUE OF CERTIFICATES OF DEBT
TO PUBLIC CREDITORS.
The following copy of the letter from the Secretary
Of the Treasury accompanying the bill submitted by him.
authorizing the issue Of certificates of indebtedness
public creditors and which bill yesterday promptly
passed by Congress- has received the approval Of
TREASURY DEPARTMENT, Feb. rs, 1862.
sIR-Notwthstanding all possble exertions my
public creditors, and Notwithstanding the actual pay
ments averaging early million aud half Of dollars
each day. the arrearagcs have largely accumulated and
has caused great Inconvenience and in instances
serious trouble and distress Those creditors especially
those who have furnished plies arms and transpota
Sion, urgently require payment. and ought TO have it,
The delay affects not themselves only but through
manifold ramlcations large numbers Of others. not to
requistons from the several departments is
go s3 Of which $2l 2s1 1858 90 Is from the 10
ayca tv
millions.
Nh impossible to borrow advantageously until anan.
cia measures necessary TO insure prompt payment VI
interest from tax and to provide the best possible
bet for the bonds Of the United States shall have
by notes. be issued the Congress Just pa
cd be prov ed except after the lapse Of the
siderable time required for their preparation compile
Under these circumsances have anxiously sought for
some measure Of relief and after much reflection have
mittee Of Ways and Means bill authorizing the Secretary
Of the Treasury to issue for the amounts found due
oeive thsm csrcass Of the treasurer Of S'ss the United
States, payable In year after date earlier at the
option & Of the government, ,. and bearing SIX per
amounts NJ not less than 81 900, would ' probably
aiOrd very considerable relief, while tho govsrnmcns
would incur no risk and could suffer no loss in
euence Of their issue Trusting that this measure win
the earliest possible sanction Of Congress,
win great respect s.er.,.,y 81 Il. CHASE
Ways and Means.
.TAs following Il copy Of the bill as passed.
- snsded, de-, that the Secretary Of tAs Treasury
b and he hereby authorized 70 bs Issued
any public creditor who may b essrous 70 receive the
ment In Satisfaction Of audited and settled demands
against tho United States certificates for the whole
sssrs n.S ~ shs fss:arsr 81 q ss AI United sssss
end ccuntsrsgnsd may b directed BY tho Secretary
o. sns Lrsssury which cs,tineat:s shall ec payable in
vernsnt and aha bear interest at the rate Of six per
osatum.
fm BANKRUPT BILL.
The Committee on Commerce promise 70 report bill
for general bankrupt law at early day The petition
Of the New York merchants for such law in
the Senate to-day has produced marked effect upon the
legislative machinery The subject, however, stn
fingers, and dgsnt attention the part Of the friends
Of the will be required TO insure the passage Of
IN efficient bankrupt Law.
IYFEcr OF SECRETARY srAHToN's JuDIcIoUs REsrRIC-
TloEs REGARDING THE PUBLICATION OF WAR NEWS.
Tne order Of the Secretary Of War orbiddng the pub
itcation Of intelligence In regard 70 military operations
has roduced quite commotion, not only in newspaper
dom but in Congress. u excludes correspondents from
the Of the telegraph and holds m e,ror M over pub
ishors the penalty FOR publishing contraband items. The
intention Of the order is commended by all who
daily sustaining tho in its effort the
rebellion and restore tho integrity Of the Union
but It meets with groat disfavor among the
radicals, who are endeavoring TO obstruct the
government in every conceivable manner 70 further
ther purposes. has ali eady called forth highly
importnont telegraphc messages TO the Secretary or
War fiom Of the organs Of this faction II s held
by many, among whom officers Of distinction that
the wsmongcrs cannot loesibly obtain Information,
thc publication Of which would be detrimental. tho
government, before the same Intelligence has already
been communicated TO the enemy; but the general i'm
preston h that the reckless efforts Of certain class Of
newspapers 10 embarrass the operations Of the Union
armies, and to afford aid and encouragement 10 the
enemy bysall means within their reach have mad it
Necessary for the government protect itself against
their machlnatons and apply corrective to their dis
torted ideas Il loyalty.
SECRETARY sEwARD's REILLY TO THE RUSSIAN NOTE
RELATIVE TO THE TRENT AFFAIR.
Tho reply OF Secretary Seward to Prince Gortschako
relative TO the Trent Affair." expressive generally Of tho
friendship between counrya great rcpublic in the
West" and Russia IA great monarchy In the East"
repeats the that the viii end In the perfect
restoration Of the Union the old and weltred const
tuition.
TnE REcENT ADvIcEs FROM ErRoPE-rHE EFFECT
OF the RECENT VICTORIES.
Tho news received from Europe was OF too early
date after the cccpn cf the intelligence Of the feie
Sal victory at Mil Springs for any expression o Official
opinion. u s believed, however, by European Minis
tiers here that tho Of tho victories and par
tcVary Of tls capture Of Fort Donclson, will hayo
powerful effect in all European Cabinets In favor Of the
United States It will demonstrate tho ability OF ou
volunteers TO rival the well trained regulars Of their
armies In attacking and capturing by assault well de-
Tended forlacations This fact, IL Is believed will pro
duc nd In
circcs in Europe than any other Of tho civil war
In America.
THE DEBATES IN CONGRESS on THE CASES OF MR.
sTARxE AND MR.. UPTON, CLAIMANTS FOR STATS.
The debates in Congress to-day principally upon
contested seats IL tho OF Senator starkc Of Ore.
gon and Mr.. Upton, Of the Fairfax district, OF Virginia.
claiming scat intils House. Tie discussions net
eadcd, aud will probably last I'll the Tax bill is
ported
49,.