The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1862-02-28
The Treasury Nese Hill.
Especial to the Chicago Tribune.

lopeclai 10 the Chicago Tribune.
Washington, Feb. 26.
The Treasury note bill as finally passed
provides Tor the issue Of one hundred and
fifty millions in Treasury notes, Fifty mil
lions in lieu of demand notes issued in
July and TO be substituted for them as
fast as practicable. These notes are to
be receivable for all debts due to and from
the q. s., except duties on imports, which
shall be paid in coin or demand notes
heretofore authorized to be received, and
by law receivable in payment of public
dues, and interest upon bonds and notes
which shall be paid in coin. The notes
are to be lawful money and legal tender
for oil purposes. except as above indica-
ted Depositors Of notes of not less than
fifty dollars. are to receive in exchange
bonds bearing six per cent interest, re-
deemable after FIVE years and payable after
twenty years. Five hundred millions of
such bonds may be issued by the secre.
tary of the Treasury and sold at market
value FOR coin or Treasury notes, Re-
ceipts. for imports are to be set apart as
special fund for the payment in coin Of
interest. The other provisions are for
NAL.
The Secretary of Wars late order is
to apply only to war news of
nature affording aid and comfort to the
enemy as touching intended movements.
The House committee on the conduct
Of the war had long interview with the
President last night learn from mem.
Der of the committee that its members
have been unanimous in all things since
it's organization.
The Navy and Treasury departments
have not hitherto pulled together on the
question Of giving permits to trade 10 Port
Royal and Hatteras. Mr. Welles tells
Mr.. Chase that he has no objections when
ever Chase chooses to grant them. Mr..
Chase says he will grant in all cases where
Welles certifies that the shipper carries
necessary supplies for the use Of the army
md navy. He has sent every application
q Secretary Welles. being apparently
Ifraid of breaking the blockade. 1t Is
low said that Chase may issue numerous
permits to trade ON the coast as well as
N the Tennessee and Cumberland rivers,
by the surveyors Of GUS
oms in the West and by special officers
IN The coast. Applicants will be required
o give bonds as security for their fidel.
ty.
II Is said that Gen. Sherman soldiers
ave been induced to sell their pay at a
l;oonurt &c Gftv oapt. ~, 49, laIinr H.,
representations that Treasury notes never
would be redeemed.
The additional paymasters will proba-
,ly be dropped from the rolls. the Pay
Master General agreeing with the military
that there are too many.
Mrs. Lincoln and her youngss, son who
rave been quito unwell are improving
The steamer Baltimore direct from Ro-
noke Island, reached the navy yard to-
lay. She was not fred on by the rebels,
Though the night was clear.
Dispatches from Flag Officer Mclean
nnounce the capture Of brig and two
chooners off the Southwest Pass.
The amendment of Mr.. Sumner to
he effect that Mr.. Starke, whose case is
low pending in the Senate, being charged
y afhdavits with disloyalty, is not cnti-
led to his seat until an investigation of
he truth Of the charge, will put the ma
ed question to the Senate Of its right to
xelude a traitor who brings credentials
rom the Governor Of his State and 10
cady to take his seat There is an opin-
on that Starke will be admitted, although
everal Republicans protested against their
'otes being considered precedent.