Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1862-01-30

10 the Yankee Congress on Wednesday. the lolb,
tie following proceedings occarFed:
Mr.. Corning (opp) OF n. T., from the COMMITTEE
on Ways and Means, reported joint resolution, that
in order pay the ordinary expenses OF the govern
met and the interest the national loan and have an
ample sinking uud for its ultimate liquidation tax be
imposed which, with the tariff on imports VIII secure
an annual sum of not less than hundred and nifty
millions of dollars
Mr. VaIandigham (opp.) OF Ohio, said that before
the question was put be wished express the hope That
all the measures relating to this subject may De report
cd at tie earliest practicable ard men post
poned To fixed day ahead that jul time may be
allowed for their consideration for, great as this civil
war now is and imminent too, as is the danger OF
foreign complications they are both OF them as nothing
compared with the daily accommodating and most dis
astr0us financial embarrassments which are pressing
upon US very side, not only frum the present mo
but for century it may be. The war must come
to an end or later and IN one way or another
aud foreign complication and will be adjusted, witt
or without war; which, at most, could not last long
But the errors or crimes of the financial contrvances
and embarrassment of to-day, and their results, will
endure to the third and fourth generations which
shall come af er rs. While, then, we ought to begin
this work at o:ce let not hurry it. For TWEEN
tv six years he pestlent and execrabe question of sa
very in every form has been debated in this House for
months in succession Abolition petitions, the Wimot
provso the coupf omists of 1850, the Kansas Nebras
! ka bill, the troubles in Kansas, aud the Locompton
Constitution, each in turn have consumed the time o.!
the Senate and House for weeks together; and even
now, with public debt OF already some seven hundred
millions of dollars, ard increasing, too at the rate OF
two millions of dollars pr day-wlth an empty treasu
~ and no u,eaus to repensh t-wth nearly every
of dried up, and that last resort of
the inevitable bankrupt, borrowing, cut of-wth all
these things staring in the facenevertheless the OBJ
ecs the war he conduct of H. the coniiscation and
emancipation measures, the Balls Bluff battle, the
Trent affair." the ranking privilege, the coast survey,
the government contracts whatever else may happen
be the particular goose question: of the hour-he
| (Mr. Vaandgham) begged pardon, but was that not
known classic phrase?-allhese measures, certainly
highly important and worthy OF due consideration, are
debated here for day at m9 and even the, best
abused in the House has difficulty in obtaining
an audience.
Let US, then he added prepare at once for the work
before u.s. upon questions of finance Let debate them
at length, day after day, and not wait until the last
moment and then hurry them through as two bills OF
the same kind have already been. without moments
consideration The country will be content II they only
see that we have gone the business 10 earnest and
will not grudge hour spent in legitimate debate Let
the people understand truly and honestly the full extent
and real character of the burdens lay upon them and
know aud feel that we have faithfully aud diligently
done the best possible in every way to protect their in
terests and the dread spectre of Reputation will never
be evoked Let waste no time in this business, but
let also advance understanding every step of our
Journey, and then there will be steps to Cetrace Ii
UNNECESSARILY the most momenous of any OF the q1es-
tons before US, and whoever fails to meet or to gappe
with it boldly and to the full extent is dsunionst fer
bankruptcy is disunOn and dsuni0n in the worst form
and will put an instant end to the war, not by honora-
BILE adjustment, fair compromise and restoration OF the
Union but by immediate, eternal and ignOmiu Gus
separation It. is not mere question OF the wig
Orous prosecution OF the war; phraze goes, but
absolutely OF simple financial salvation. Taxation alone;
heavy taxation but upon sound principle, and in The
right way, will now save hope | am not now Civ
ing aid and comfort to the enemy. Of course carnot
have the ear of those who think that good can
come out n az4reth,' but | address myself to wise
and trust retore, that these of finance
will be at introduced but postponed to day
tain and distant @sugh to allow thorough and search
ing examination of them in advance and that they will
be considered and discussed their immense magnitude
and Importance demand. If not competent to
this task, and expected to take just whatever the
Secretary Of the Treasury the hand the banks
upon the her. both of them combined may choose
to submit to as, let resign and go home, 30 the end
that ADLER and filter may be sent here to fill the
places which Gishonor. But the work will be more
than half done whenever shall have boldly, manfuy
and honestly taken hold of il.
Alter considerable debate from other parties, MIR.
Valandgham Intellectually sought to amend the lesou
on 10 order the amount of proposed
only SO long a 1t may be necessary.
The question taken on Mr.. Y allandghanl's mo-
} tOn to postpone the resolution until Monday week
: which disagreed to by yeas Sc, nays lib.
The House then passed the resolution under the oper
lion of the previous question, by yeas 1885, nays g.
The nays follows Messrs Allen, Robinson
Shiel, voorhees, and Wood.