New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-02-07

r,deemable or demand IN GOO, tnat olu bot in"4'
lately q preoa'e; but II MADE legal a',o
mar. Mr.. Stevens quoted hcCul-ch in support
iis argument on this head, c0ptcnfing from tma
that during the suspension Of specie ply
by The banks wticl would continue aUihs
the war. bank paper would greatly disappear oeior,
I his par paper o. the Government Having reviewed
Tho nronosed subsitntss TO his biil-one emanaing
from the minority OF the Committee, ana tno5e Oh
Messrs ConkIing and Nallaudigharn-a commenting
on their efficiency to ueet the emergency Mf' SIC
yeus continued: latter myself that have demon
strated from reaeou and uudoubted anlhorpy, w"
tbese notes made a legal tender, ana not lssueu w
excess of the demand, will remain at par, ara pass
in all transactions, great and small ~ fuii y4loe o.
their fscs will ray in conclusion, that nnlets tui
bill is 10 BASS with tie legl-tender clause 10, IL VII
not he de.iable 10 iis friends, or TO the AGnins'
tration, and those who think az L 90 VIII nave
to vote against 1t If u slali Ue muuiutsu
and enasculated II il is 10 be defeated, should be
clad if we had the power which the Britisb far-
lament posseeses, to resiSn orr places on the
Committee of WAYS and Means, and leave II 10
those who oppose this bill TO mature some Otuei
measure. So far ar am concerned, snail De nI0u
est enough not 10 attempt any other scneme' 'ne
Committee Of Ways and Means nave idooren anA-
iousls aud to the beet of poor abilities we are
not infalbe-we do not come nearit. Wehaveg'veh
it our most anxious consideration. and lave consult
ed those whom We believed 20 be best qimilnen 10
advise U.s. We have sought TO harmonic cohilc'lh9
views on the substitute which the majority OF the
Committee have prepared, and We hope II VIII pass
We believe that the credit o. the country VIII De
sustained by it, and that all classes WI 90 piiu M
money which all classes can use, and that We VIII
confer 10 advantage the capitllst over W poor
Tutoring nan. If the bill pass, shall hail u as
the most auspicious measure Of this Congress; ~ II
should fail the result. will be more deplDtaoe 'nan
auy disaster which could beiall ne.
Mr CAMPBELL rep, Pa said be was Tor the
bill with the lega-tender claufe. WIN nm the
only question was the necessltiea OF the Govern
ment 10 put down the rebellion. lie wouid mo- ce
controlled by very nice scrup'es Theh Tue ,ohS'''''
ton an dthe Union were both IN danger
Tie Committee proceeded to cons!der Nr. Cfls-
fold, amendment to strike from the bill that part
which pruposes 70 make the notes lawfui money ana
lie. al tender in payment ot all debf, puDhc ana
puvnte, within tie United states.
Incidental debate was had. during which Mr..
MORRILL, rep, VI. mentioned the fact that the
p-ndiro bill was reported by only one half OF the
tomniitee of Ways and Means. Tie other -four
wished 10 be undestood that they were as cordially
united on their own project ar tie other, ne sud
sItntlon proposed by him was not his particularly,
bar hid been no modified in order 10 meet the views
of tbos. who had submitted amenome II.
Mr.. HICKMAN Rep, Pa. desired TO have Tie
bin recommiited with inrrncons 10 frame ore with
fl clause driving back To their homes all deprecated
bank notes. There should be no pager currency mo-,
ea,ily aud readily convertible into gold and silver
Mr. ROSCOE L.CONkLiAG lhep., A.i,J viewed
tho LII IA the commencement OF paper system
!, Rich would plunge the country into an aJyss from
,sbich there would We no rcsuscaiop and resuIrec-
Mr.. HOOPER rep, Mae briefly argued dat to
:. ke ont the ega-tcuder clnuse would render Tue
I'm useless 10 tie Treasury Department. 20
Mr.. Cristelds amendment wac Iessc'ed-!eas' 30
nays, ~. . - ~,
HORTON ,Ret., Ohio offered Mr. Mouills subsli'
tu,e. with amendments 10 the blu
Wr. STEVENS presented "a modification OF tic
original Uill.
Il was agreed that she Committee should rise snd
report these measures Ia the ii0use.
In order 20 Obyiate ~ dfcrlies IN regard to the
great number OF amendments which were pending OF
ahou 10 he offered. il was agreed that tho question
shonld be narrowed down 10 "A yo'e between the
.ub.fitute Of Mr horton, agreed upon by one-bali
of The Comuiti,e Of Ways aud Means, and that oil
MIR Steveur which was agreed upon by The other
b.f The former iii not contain fh" legation dsr
clause. .
Ysa- and Nuye ana rs uled, leas, %; Nays, 20.
Inc ,o.. Hen REQUIRED on Mr. Steyens's substI.
into which huis the issue OF Treasury notes &C
ego 600 Coz omit, the cuse relating 10 the foreign
,,,.Il,tiou 4 the bolis and permits the holders o
ot.s 10 convert them either into ~ years bonds at
Der cent. or > yoais bonds at I FER cent, at then
o, Jon. Til. substitute was adopted without the
Yeas and Nays
The nj ra, tac.. passed Jy rofc ef % Ysas Il
~ h0Is.
The bill now stand tbas Treasury notes .or
siJi OOI 81 acc to lie issuei, which made Legal
ten, sr iJr all puhc and private debts. Feceya-
Jie hy the GoN euineut .pr duties on imports, and
are convertible ~ above; registered and coupoo
bonds for $50 000O 600 to les Issued, bearing in-
tel. I a. per ocnt, sud redeemaOle ate. 20 years.
Mr. STEVENS y amendment was rassed, as
follows:
TsAs.-vs,srs Al1-ich Alley. tnoll Abbey. Babbt.
Bailey iAisl, t4Hey tfean Baker hcansl, hinshsn,
han. c.iupbsi ,hainoers.n Glars Collar .tsr Davis,
D-lsno, Drspa1c. % % Dgra. US, ton. Edwards. y.
scn'on Fcsroi'n Fisher firnchot Frau Gooch psueer
GDu-y, Hssii Hall tsn,nett, Harrison Hickman Hooper
GutcLu, Jaiau heil,s l|ichl heloss ulLj KEW Hi
i .-r Lansing le.ry. Looni. Mche,n " Knight NcS-r
son M.fson Maynard ,lch. hoouLe4i, M1rnh tliai.e.
Sus,l lu Parton Pie. Wll. rse. Pricc Rce ,'.as.
RE t5laiurl. Riddle. Roiu. Nol ser",nt Shake Sne-
i'agcf Sherman sioal sp,udi1g steele NJ s'evsrs
rIu.b.e Iro"hrid5e pol 81 HON. ~ ss"Lo.'z Van
WJci, VERGE Nal, Wallace, Wston tilel daley
HtYs-Nfc..r.. Arcor, Baxter. B,dd- Brown lR. l..
coob Fred; A. conal.nl Rocco CGuAio. S@a.'y, Cor
GOODWIN. Crdsr Iisfdiag iio.maG Horton. iohgsou,
Knapp Law L,esl, Lovcsy, Ma4Sry May. Melt!es Aor-
Pon-loy. Porter RICHARDSON. Robbin, Rollin. q. ~
s,dgwtk shciisld shel Stole g. -, Str4ton rhoml'
lMs,, Thoina. ,Md), Isilendsh,E soofhse' wsd.worh
" alton va, Wade, ob'er, Willie Ohio, Wioshfe,
"Iieht
Adjourned.
THE TREASURY NOTE BILL. As PASSED BY
THE HOUSE.
The bill as passed, If IA follows
he ,nGca By s Senar aud housS y Rtpr,sen,1fir,, ~
tie In.fd states 81 liner. ~ nyTsu dusnlcG That
~ the necessities Of the eaury Of the United States
sud to provide currency receivable Tor the public dues the
Secretary Of the Treasury hereby authorized is,ur
tie cred Of he United s.iies tls0O00oO Of United States
notes beaf Interest payable 10 bearer ~ the fcsu
II the United ~tes a, washington or New Noi. and q.
such denom ,ons as he nay doen cxpeien no, lee. Il IN
b. each: gro.gsG however. That nfty millions Of said
All he liz OF
l,d BE i,suei Nv the at II July II, 1871 witch lid
demand notes slah be tsken up rapidly pTsctica
bio and the note. herein provided r auostne for IN
md pr0rfcd JlTcr. That he amount OF ia. Two kiud. Of
.L.Il., .,i 49,. III