New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-02-07
HOUSE OF REPRESENTATIVES,.

Mr.. CONWAY dI.y., k.n-a-l ssked, Int failed
10 obtain, leave TO offer the following. Mr. MAY
y ARD Directing. aud unaiimOhH consent being re-
auired to Introduce ~
Rrsres Tat ;he President he r,q1e.tcd TO irrh the
House 9 iac. p-.l, vi D .s p " y, - ne
~. ohcer sthol, legal rocess and con nc IL ans ~ h
aaa ~ thr io,- e,brF prison, m which sa have
porn AID 'olhred respectively De ~. - DC t.f.
s.rfrs tcr-tlr- al fi saf rt % DE rhHy aud vY
dence upon which the were sue''ed 49, u, nic . a
,uc i,-,ous uio have ire been fchrr-'d the bet" o!
tht frycrsl ai'ci4r". fid -. reasons 70. ihe Same
Ire House went into Committee Of he hole on
! De Treasury Note bill.
/ Mr.. KELLOGG Rep. H. laid thft IN ordinary
times he might have zone doubts of tie cons 'itu-
tiousty Of tins measure; bui in Tho extremity,
vixen We are struggling for national Ie1 etutN h,
was willing TO so 10 the verge .. the COnt,uiO 10
ststan the Government. he rrg3 rded iLis - q VA
n.easure, and in the course a his remarks he said
We mus, have no surrender OF rebel "a ron
ers chceriully made, though Russia, France, IN
gland Spain and no combined PoHcrs o. sc world
u,paud it. We must stand by our integrity end by
the honor of the nation, and, i We are worthy OF tie
name Of a people, We shall he sustained. Tie ext
gercies Of the times would never compel him lhcl-
io.gi 20 vote tor bill which j. in violation Of the
Constitution, for when Congress yiolates the Con-
Atuion il "a but nockcry to rsy, We are carving
on % var under That instrument ~ maintain the
Constitution" He Kellogg argued that II was
clearly within the power Of Congress under The
Constitution 10 make the notes proposed legal en-
dcI AID give them value by pledsing the entire
I 0ncr'y Of the country for their redemption.
Mr. THOMAS Un., Masa.) gave the reasons
which would induce him to vote agsinr the bill ..
il now stands, and IN the Of his Con tutiOnsl
argument rad that The making Of these Treasury
Notes :, legal tender for all past public and private
dcl,s would be- breach of good faith. It would
change SUBSTANTIALLY the condition and impair tho
obligation Of contracts.
nr. EDWARDS rep, y. H. opposed Mr.. Nor
rille substitute, and gave among other reasons for
doing that 1t exempted the Government from re-
Giving the Notes ia payment of foreign imports.
THIS being the care, who would take the paper at
par With reg8rd 10 the bill reported from The
Committee on Ways aud Means, IT was based on the
faith OF the country 10 meet the indebtedness in
Cured. ItwOuld furnish tho directly without
looking to Intermediate negotiation for furnishing
them, and therefore it should receive his Mr. I'd
wards u support.
Mr.. SEDGWICK rep, y. " said they all
agreed upon taxation IN come form, by which
$J0,00O0O0 annually can be- raised. They all agreed
that hereafter the should be- carried on vigorously
on the credit Of the Government. They all agreed
that the amount Of notes AID bonds 10 be rs..d nu,t
be equal TO the demand. OF the Government. The
amount Of the notes be Issued can be limited only
by necessity The difference between the amend.
menfs and tis bill was that the latter had the ad
vantage Of giving the notes circulation az money
while The former would cause them to depreciate.
The CHAIRMAN announced that, by pre-, ious
agreement debate now closed, with the execution Of
tie reply. LCrier oi That's right"
Mr.. SPAULDING g,eD., n. Y.l-Leeying 70 the
honorable gentleman from Pennsy lvania the duty
Of closing the debate desire merely to say lew
VOrds--
Mr.. LOVEJOY rep, H. rose to question OF
orcer. IL Tie debate had closed, the gentleman re-
marks were not ia order.
l.. ave was given 10 Mr.. Spaulding to proceed.
1r. spAULDlNG sdd-Frst, we III agree that
taxation in the various forms must he Imposed TO he
amount Of at leas ,,JO,0tO,0N0, on which To- reet
the credit Of these Doles and b0nioa sum suhcien,
to pay Tie ordinary expsnses Of Government on Il
peace footing, The iuieroot ai! the debt and
4 sinking iald 70 liquidate annually portion Of the
principal
NJ. LOVEJOY fnieirupungj--I understood the
Gentleman 10 say yesterday that we already had an
re0pLt 'sboQt eqaal T. ihe proposed Issss. want