The New York herald., 1862-02-04

2.
which will call for unusual SUPPLY How do they
expect TO pay the very moderate tax n their ostima
tton) which we propose when the banks have
pended specie payments, ana the gold hoarded
by few spectators anticipation Of future aug
mentation in it's value or pricsf viii they expect
the government 10 The tax Of $i5c 100000 in
spece9 II not, they wish the government TO take
the notes OF any and every banking association IN the
country cr that be government shai' discriminate h'-
tween the different private banks, and aIbtrafhy REJECT
,ne bank bill as bad and accept another as good not,
and the people at large viii be unable 10 pay tho tax in
con and the government cannot accept ~ the bills OF
private local corporatoIs then the issue provided for III
th's bin VIII not be only useful TO the government as re-
heymg iss temporary necessities, but VIII be essential TO
the people Of Supplying them with the curren
cy necessary TO pay their taxes. The plan which have
thus ketched in its several branches fills up The outlines
Of the policy submitted by Tho Secretary OF tho Treasury
in his very able report Mr.. Speaker, the loyal states
stand in independent position to-day thar they
have before occupied. The reports Of The 1rea
sury show that they have been small purchasers
while the record of the exports tell us that they
have sold largely. Where, then, are the abun-
Of this country? answer sir that they
in banks and our warehouses; and our grana-
ries Commerce and It's attepdan; trade are paralyzed;
the l;nd and dsoyal sending their wealth abroad
for security. while iho government Offering the only
safe and opportunities for investments within their
reach. Some Of the very who eve their freedom,
their standing, their wealth TO the development
Of the principles in defence Of which this
is wagcd, seem 10 he hesitatng
and wavering whether TO come TO the support OF
these principles, abandon them 10 tier threatened
destruction. For sir, disguise under whatever name
you please, this is the part OF the South, H.
spred by slavery against the free labor Of the North
and hence the sympathy it receives from those who
favor arisocratc Institutions The prosperity of the
North ike that OF England and France. Is mainly to be
attributed 10 the skin that it has developed in
manufactures, the enterprise that it las dis
played in commerce, and the constant investment
OF It's accumulated wealth in industrial pursuits
OF every kind while the South, rom policy,
has preferred that it's labor should be unskied and
ignorant, suited only TO the empoymens Of peculiar
agriculture keeping itself dependent upon foreign trado
for many of the conveniences and Injuries which it
has not the ingenuity to produce. 1t is important in
this great struggle to show the superiority of the prn
cipes OF freedom, Of education, Of The elevation OF
mankind upon which society at the North is based,
over those OF slavery, which doom to hopeless
ignorance in order to insure abeet obedience. To this
resources Of every kind abundant, both in men
and means and it is only necessary draw them out in
order be successful To fail would be because tho
nation poorly endowed to be without the means
Of success but because refused TO make use Of them
Such result if It possible, would not weaken the
truth of the great principles OF liberty and equality for
which we contcndng, but would simply demonstrate
that OF this generation faithless in guarding
those principles aithless to ourselves fathess to our
country faihess TO good government throughout the
world-and since such nlde|ity violation OF unques.
tionable duty. faithless to Cod
The committee rose and the House adjourned.
Bills Passed by Congress.
The following bills passed by Congress have become
law by the signature Of the President
SENATE BILLS.
No. 49, bill TO further promote the efficiency Of the
No. SO. A bill relating to courts martial in the army
No. "a. bill to provide for allotment certificates
among the volunteer soldiers.
No. 09 bill providing for the protection OF overland
emgrans TO California, Oregon and Washington Terri
No 1o7 bill authorizing increase in the clerical
force Of the War and Navy departments.
No. 1884, bill authorizing the Secretary OF r to ap
point more Assistant Secretaries.
No. 169 A bill authorizing the President in certain
TO take possession of railroads and tegraphic lines
and for other purposes.
No 14e. bin making appropriations for the payment
Of invalid and other pensioners Of the United States The
| appropriations specified amount to 81 ,450 600
No. 1885, bill making al appropriation Ct one million
| dollars for gunboats On Western rivers.
No 193 An act extending the provisions Of the act
authorizing soldiers TO send letters through the mails Of
| the United States without prepayment.
No. no An act amending the provision Of the second
section Of the act enforcing the attendance OF witnesses
before committees Of either House Of Congress.
No. 1885, An act TO the expenses Of the special com
mtee Of the House Of Representatives appointed July
10 ascertain and report in reference to the contracts
with any department Of the for provisions
supplies transportation &C.
10. 247. An act for the relief Of VIM. G. Strong.
REsoLrT rToys-srSATE
No. a. Authorizing certain officers OF the navy 10
cept presents offered by the Japanese government
No. 35 For the payment OF the expenses OF the joint
committee OF Congress appointed 10 inquire into the con-
duct of the