, 1862-01-16

The Bank Committees from Boston, New
York and Philadelphia had several protracted
conferences with the Committee of Ways and
Means. The first scheme Of financial relief
they proposed was for the Government to
throw its bonds on the market aud sell them
for what they would fetch. The second was
for the Government 10 borrow Of the banks
the amount it needed, and to hypothccatc its
bonds as security for the loan, the banks to be
at liberty to sell the bonds for what they
would bring if the loan was not punctually
paid. The Committee Of Ways and Means,
through Mr. Spauldlng, objected to any
and every form Of 4t shinning'' By Govern
ment through Wall or State streets, to begin
with; objected to the knocking down Of Gov.
ern1uent stocks to Is or 50 cents on the dollar,
the Inevitable result Of throwing new and
large loan on the market; modestly claimed
for Treasury notes as much virtue Of par value
as the notes of banks which have suspended
specie payment possess, and which yet freely
circulate in the trade Of the North, and fin
ished with firmly refusing to assent to any
scheme which should permit speculation by
bankers in the Government securities, and
particularly any scheme which should dou-
ble the public debt Of the country,
| and double the expenses Of the War, by
| damaging the credit Of the Government
to the extent Of fifty per cent. by sending il
| to !" shin for money through the shaving
shops Of New York, Boston, and Philadelphia,
He affirmed his conviction as q banker and G
legislator, that it vas the lawful policy as vel
US tho manifest duty Of the Government te
legalize as tender its fifty million issue Of small
Treasury notes and to add to this stock Of lc
gal tender Immediately one hundred miuioni
more. He knew that this financial measure
would carry the country through the war ani
save its credit and its dignity; at the sam'
time he should insist upon direct taxation
abundant1r ample to pay the interest Of ever.
dollar of the public obligation, and to Civ
this generation clear show of the speed
liquidation Of the National debt.
Antedeluvfan Trees.
We saw, few days since, two rcmarkab1
specimens Of petriied trees from Pixies Peak
They belong to the University Of Chicago, an
go far as our knowledge extends, though
young institution, 1t has tho finest and larges
/ St(%1AlA5 VI LII R3AItNN42fA4AA4 4JlCSla VII
which We are acquainted One is lost in hi
OWL thoughts, while attempting to grasp th
vast revolutions which have passed over on
planet since these immense trees grew upo
the mountains, hundreds of ages before Ada1
: dwelt in the garden Of Eden.
! While the change to stone is complete Il
, structure Of tic wood is as perfectly preserve
, | as il no change had occurred The pctGityi1
agent Tas Silica, and it may bc'scen incrusti1
some portions Of the surface in white ar
= blue globules.
From the curvature Of the annual rings
: growth, we judge the tree from which the
e specimens come to have been ut least fourtc'
d feet in diameter, and Their nun Der and thic
e ness indicate that it must have required abo
: one thousand and six hundred years to gro
c to that size. The larger specimen Of the tt
is over nine feet in circumference at the bas
On which it stands nearly erect, and is five fc
; and half high, and weighs ono ton and IL
= 5000 pounds.) The other specimen is nca1
d as long, weighing half as much, and is neal
C uniform in size from end to end, while t
c, 1arger specimen tapcrs from the base to abo
le half the size at the top.
IL The species to which these wonderful spc
n mems belong has probably been long extin'
but they appear to resemble very closely
. 4 public institution Of learning they cons
~ tu.e a most beautiful and lasting monunle
- of the primcva1 pre-Adamic forest to Viii
y they belonged. They are well worthy Of t
7e attention OF the curious and the scientific.