New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-12-27
More pisgracefl Peace Propositions
,Ef REBELLION ON ITS LAST LEGS.
aEg RANKS AT HIS DESTINATION
he will Probably Supersede Gen. Butler
TAX DECIsION CONCERNING COOPERAGE.

THE PROPOSED FINANCIAL MEASURES.
To enable the readers Of The TRIBUNE TO fully
understand the conflicting financial schemes of the
Secretary of the Treasury and Of the majority of the
Committee of WAYS and Means, / send fuller
SYNOPSIS Of Mr.. Chase's bill and the whole Of the
bill which will probably be presented to the House
by the Committee. The first section Of Mr.. Chase's
bill is in these words
The Secretary the Treasury is hereby suhozedto Dor
row on credit Of the United Stste ard from time to time
ard IN shall be needed for tue service OF the
current and the fiscal years, the Of o0Ooooo
and he may borrow the said any part thereof such
term, and sucA such rates Of interest
not exceeding the highest rates authorized by acts Of this Con-
mess heretofore passed and approved in his judgment the
public interests may REQUIRE not other than such az have been
heretofore sanctioned by said Provided that much Of
sd provide for the convertbity of United States
notes into United States bonds otherwise than by the receipt
Of at plr in payment of loans and for all public dues
ether cusioms and much OF said acts restricts the
negotiation any bonds par TIE current market value
oe bends Is hereby repealed And the Secretary OF the
Treasury obtain subscriptions for loans authorized by
this may sppont agents at such places with such com
psnsation and under such regulations he may pescbe
Provided the compensation Of such agents including all
expense. Of advertising shall not exceed onehaf OF one per
upo1 the subscribed AID actually paid into the
Treasury through ther agency.
Section provides FOR the issuing o. fractional notes to be
,rxrsved and printed the Treasury Department in lieu Of
postage and revenue stamps
Section establishes sepss,e Bureau to be charged with
currency matters under the Of Controller o; the Cur
rercy-s officer, to be appointed by the President on
the nomination Of the Secretary Of the Treasury and the con-
trmson Of The Senate for the tern Of Eve years with sal
sry Of $500.
From section TO section g. the bill is filed with
ihe details of the management Of this Currency Bu-
reau and of the Banking seheme foreshadOwed III
Mr. Chase's ANIMAL Report.
The following is copy of the bill that will prob
ably be presented TO Congress, its reassembling,
by the WAYS and Means Committee:
Az ACT 20 Provide Ways and Means the Support Of the
Government.
Src1IoS J. Be il enacted By Senate and House Of R
yaGtrs, Of the United Staie' IN Congr' asfsnb!ed That
he Secretary o.the Treasury be- and ho is hereby authorized
borrow from tine to time the credit Of the United
s exceeding $500 O0 co., snd to issue therefor
coupon regsed boDd, In the usual FORM and Of ssch
Denominations less than fifty dollars he may deem
pedsn bearing the rate Of six per per annum
payable nannusy 81 coin and he may in his discretion
dispose Of neh bonds any time upon the best terms be
obin for lawful money Of the United States for any Of
the certificates Of Indebtedness that may any time be
cad for the ssng Treasury Issued
On time, any Of the bo'.is issued
Of this act all the bods issued under the provisions Of
this ar. shall be exempt from taxation 81 under State
thority
SEQ o. Andse Il GrDe, enacted Tbs, the Secretary Of
The Treasury be- and he ia hereby authorized to borrow from
zine to time the ered, OF the United States and on the
hes. terms he can obtain exceeding three hundred
Millions Of dollars and to issue therefor bonds OF treasury
notes such form be may deem expeSient-bonds bear
Ing interest at the rate Of six per cen, per snnum payable
semisnnuAy in COIN and the principal payable from this
&tte such bonds notes follows One hundred million
dollars thereof IN one year hundred million dollars thereof
81. In
years They shall be Of denomination, not ess than
fny dollars a. shall determined upon by the Secretary OF
The Treasury They shall be receivable at all times with the
rusd thereon for al r.ernal taxes and all other
ktes the United States except duties mports and inter
Dc public deb and when returned 10 the Treasury
Department and Cancelled, bends notes for the same
may be ,ued from time to time By the Secretary Of
a Treasury; Provided thst the whole amount outstanding
tny one tine shall exceed three hundred
millions Of dollars; aud provided further, that no
coin than be paid FOR nterer on such bonds or
rotes, except c the semiannusl days fer paying
Interest thereon The Secretary the Tressury out
soek bonds the creditors Of the Government III the
manner ssltender notes paid to then and may Sell
'ueh bonds any part thereof at any time upon the best
tenn, be obtain for lawful money and may also If he
shall deem eypedisnt cause books to be opened from time
teme subscription for the at such places s he may
designate conformity the third section Of the act entitled
"In 10 authorize national osn and for other purpotes
III
section applicable hereby adopted and the
shall ppy the obtaining Of subscriptions to the bonds
oed BY this section and the holder OF any such bonds
With the accumulated interest thereon. shall have the night
si saeb rules shall be prescribed by the Secretary Of tie
essuy at any time to exchange the the Treasury OF
Tie United States the Office OF any Assistant Treasurer
~degnaea depository for equal amour. Of legender
United Ststes notes
SIC. lad BE- 10 further enacted That to enable the
Of the 70 naytl and
ether creditors Of the Government be hereby authorized
issue the credit Of the United States The of three
hundred million dollars Of United States in tine
eos ioi not bearing interest payable TO bearer demand
and o'och denominations not less than dollar he may
eeeu eIpedent which 20 issued shall be
and legal tender In payment Of all debts public and private
within the United states except for Customs and inter.
eat on public debt and any holder Of said notes
tepost,ng any not less than fly dollars or |
acme multiple of fifty dollars, with the T,esspr,r Of
The United States. either OF the Treasurer,
shall receive In exchange therefor duplicate csGe,,.
eepo OF which may be transmitted TO the Secretary
tho Teassy who shall hereupon issue the holder
snovn Of the six per cent bonds OF the United ss,
ressered may be desired by said holder which Ar.
authorized 10 be ued under the frat section Of this Pro
ed however, that Of the United States author
zsd this section shall be issued in the Judgment OF
Tie Secretary Of the Tfeuy. clear public erigeaoy shah
exist demanding further ssuo OF such notes to enable lin
redeem the bonds Issued under the second this
& to enable him to pay tho Amy and Navy and other
edor Of the Government and any Of the said notes may
se efued from time time the exsences Of the public
service may require
sEc Ind BE- II further enacted, That in order to
Prevent and punish eouDtrfeing and fraudulent alterations
the bonds and notes authorized 10 be iSsnsd by this Act all
s provons Of the sh and seventh sections OF the Act
aausd An Act 10 authorize the iue Of w. 5. Notes. and
-, the redemption or funding thereof, and for