Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1862-01-24
THE FINANCES.

@'- i+t-t TO uIl4utcus ilf an arrange
mcnt oi the financial affairs Of the Gov
ornmcnt, 50 as to keep them out Of the llth
omless hog to which, durin. the last les
weeks, they have seemed to be rapidly ap
preaching. a SUMMARY OF the results OF "a.
various conferences held in Washington, o.,
representatives from the Boards Of Trade
Chambers of Commerce, and Banking Iu-ti
tions, with the Secretary of the Treasury anl
among themselves, is thus presented
lst, The general views Of the Secretary Of th.
'rcasury aye assCIted to.
( Il, The Banks viii receive and pay outtre T.
= a ties freely, and sustain in all proper way.
Z tAeir edit
3D. I-e Secretary will within the ue4- tWd
NeeAs, IN .idition TO the current daily pir "a 10
ol si,9oJ .uJe ia L. s.. notes, pay the tar beg u4
% az iessl @-osV0 ,0UO in 3O-lUO b.n IS O. slu
punhc creators aedcsire TO receiy. u j a.s
relieve the existing ,r,ss,re upon .s l.-.. ..u f
tta, AAe issue q Se Unit. Il oIa.c- ailla.
notes Is not to be increase Jeyun g., 5000 o. %
now authorized, but 1t Is G,s.red tu.t L,l.-rtss
VIII extend tie provisions OF tic tAslin- leau
acts, so as 20 enable ths Secretary T. issue N ox-
Z eEanse for United states demand notes or ia pay
ment 10 creditors, notes payable in one year ar q
bearing 65-luo per cent. interest, ana convert
ible into 5J-loO three-years oouds. OF 10 borrow
onter the existing provisions to tho amoun. Of
4 Sl5O,e00,O0o or $500 600.
9th, It's thought desirable that Congress should
enact general law relating t. currency and
banking associatio s, embracing the general pro
visions recommended by the Secretary in his
/ report.
9Th, 1t il expected that this action and logis-
| lstion vii render the making Of United states
demand note legal tender, or their increase be-
I fha 8 uuf rI
ssry.
The House of Representatives showed by
a most decisive vote on Wednesday that they
intend TO meet the financial difficulties boldly
by tax, which, with the revenre from I'M
ports viii produce one hundred and fifty mil
lions year. \ joint resolution expressive
Of such a determination was reported from
the Committee Of Ways and Means y
Mr.. Corning Dem.) OF y. Y, which was
adopted by 1873 yeas to nays. During the
discussion on the resolution, Mr.. Morrill, OF
Vt. said that whatever was the case with
our armies, the Committee on Ways and
Means had not gone into winter quarters
The subject needed large amount Of inyes-
ugation to enable them to lay the tax dis
ereetlY. At the earliest possible day the Com
mittee would report a bill bearing as equally
as possible On all sections 50 that the UoT'
ernment may realize by the indirect process
of tax,tio, ono bn,5red millions which
WIN '''' u'-'~. IA anu Tue i0'enuc lio"
imports Noni4 raise the annual income To
one huntrd and ffiy millions of dollars.
FE.I EyEoll.-By tAc Aralia IRON LIVER
pool, jan Z. which ,ass-d Cane Race.
T.e.l,,.. .,,.l.+ ,-, I.,,, 1.-.- ..,,-. r...,
h'I'l-'
The Llulu Time, profess. o. cz-.s.
some OF the strange dcluslous entertained DIS
the American rc5rlc ia re-lrd o. their own
omuIp1tcncc and inviucibiiltr. Ual,l gives
a letter from LIVERPOOL. sEoWinr the l.tiepI-
ties America would experience ia ,lrrgiu-
out the prevailing sch-.mcs
Tho London Herald In au eli'orIll says 10 Z
oehoYes both England and rance ID cJl5idT /
whether the time has not arrived ioT ree9s- J
nizlnS the southern Coniederacy-
Tie London Daily News remarks % IS
yet the Washington government his not
spoken, but II the theory OF some ol MS e'H-
-emporarcs be correct the government really
resides IN the New York press lle >il-
la!cr says that the arbitration prnriI HAs
oeen ridden to death by InJud'ciou- ll-ra7.
nd condemns the policy OF di'I-i H.
opinion at the present. time.
The Paris Temps is assur a-
United States Attofny Gauera- VA. -l'- as
'pinlon that Mason ana Shdti shJald De de- 1
ivered up. The Cologne Gaz.;fe say tie
PrussiaD note to Washington docs not dis
cuss the Trent affair from the point ol view
uf public right, but counseis peace. 10 says
should America reject the demand OF has-
and, the powers will send a collective note I
TO Washington urging peace. IL reproduces
. letter from Mr.. Seward 10 Is59' 10 VIM.
Brown OF Liverpool, IN which Mr. Seward !