The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-18

must all DO supplied with medical attendance and all
necessarss and cooveniencos 20 make than COM
bic. This Ia plain duty which we cannot, any Of
fall 10 perform. IT, In tho performances OF this duty it
becomes necessary TO authorze further OF United
States shall hesitate 10 give my vote il.
am not in favor OF increasing the them beyond
the imperative nsoesstes Of the government TO sustain
the army and navy much prefer TO have our six per
cent bonds issued on permanent loans would like 70
the secetary OF the Treasury borrow par all tho
authorized to BE- issued When money be obtained
at par six per cent bonds, would prefer 20 have
uone 70 inc ssuing o. very largo amount Oh lsgal
circulate money, will do BIT lead 20 OK ansion,
which will initiate prices stimulate undue secuatons
and ultimately produce reaction which would derange
the whole business Of tho country. This Is 20 be
avoided II possible. cannot, therefore advocate
any greater Issue Of demand notes than tho
absolute necessities OF the government require 70
carry the with vigor l am disposed 10
give tho Secretary power to ISSUE The additional $3.50,
COO goo United states notes asked for by but the
same time feel the importance or having this power
exercised discreety and trust that he viii ISSUE
pay them out At all, when money be obtained 1T
six per cent bonds d. understand that the
Secretary intends TO have them issued and put in cir
culaon q. any one time on inc contrary believe he
has such intention. He wants tho power aud
uso Thorn il necessary but not otherwise When he
obtain sufficient amount OF money at par, on six per
cent bonds or by temporary deposits in the Treasury.
thsre will be necessity their Secretary
assures lis letter that further issue OF will
DO made when that be done and besidcs the bill
provides for his retaining In his hands legal ten
dor notes equal 70 of the temporary deposits
that may DO in the Treasury Our army and navy, and
paid No sacrifice on part should DO great to
all the necessary for this purpose. The
Secretary should therefore be clothed with ample power
u meet any exigency that may arise The money for
the largo liabilities OF the government that actually
been mot and cancelled since the pass Of tho st Loyal
Tender Note bill could not have been by forced
sale Of six per cent bonds without . heavy sacrifice.
When that bill passed this House SIX per cent
twenty years bonds were ten per cent below par Now
they two per cent above the price Of gold. If AZ
tho tame OF the passage OF the FIRST note bill large
amounts OF bonds had been forced upon the Market
would have been necessary but for the passage OF
tAat bill, 1t would depressed the six per cent
bonds still lower. There not then money enough
In tho country, seeking permanent Investment. absorb
AL tie bonds required by the government the
immediate and pressing demands upon the treasury.
THIS state OF things may again hope trust
that there will be ess for any able issue
cies. am willing to confer largo powers tho Sec
rotary, believing that he will exercise the y wisely,
periodically and for the best Of the country
shall therefore, hesitate 10 clothe him with this
crisis, for this add q issue OF loaal tender
Passages OF Tns PfoHIgTrSG SLAVERY
~ =, rDrlES
The Treasury bill thei laid aside, and the House
cocuTed IN the S.a1tes sa6 itHs for Mr. Ara9ifs bill
which forever prohibits SiopTy in the Territories et
ing sohich may al any time hereafter be formed
acquired.
PASSAGE OF THE DONATING LANDS AGRICULTURAL
CoILEGES
The Senate bill donating lands to the several States
and Territories for the establishment OF colleges OF
agriculture and the mechanic arts. the House refused
by large majority to refer to the Committee Pub
lie Lands.
The bill apportions lands to each State and Territory
Of 900 for each SENATOR representa-
tive and delegate according 10 tho OF $780, the
interest the proceeds OF tho Of the lands to be
appropriated to the above named purpose.
The bin was passed by yeas 80, nays 70.