, 1862-12-11


INCREASE OF AR.IY PAY.
The bill Introduced by Representative Van
Nsck On Monday, proposes :: monthly addi-
trn Of three dollars to priyatcs, and five to
f.rricrs. blacksmiths, musicians and nom
commissioned officers. The law Of 1861, add
ing two dollars per month, applied only to
priy:.tcs: but tilis bill applies that increase
also to non-conlnlissioncd officers and others.
The same gtat1cman's bill for the immediate
yldcs Tor the payment Of tic same On the
next pay roll, making provisions for soldiers
IN hospitals aud those discharged.
WHAT TO DO WITH THEM.
On Monday Representative Hickman intro
duccd ill which authorizes the President
to organize regiments Of colored men, not
exceeding 100 in nhmber, giving authority to
uniform them in some distinctive manner,
and arm them, en1isting them for q term of
seven years or less: the privatcs tn have
$G50 per month, and the same allowance for
clothing and rations rs white soldiers; non-
commissioned officers to have the same pay
as the regular army; commissioned officers,
either white or eulored, to he graduates of
colleges and to receive twice the pay Of thc
same rank in the infantry Of the REGULAR
army; each company to Ec allowed Il teacher
or Chaplain's clerk The hill also provides
for !: line Of steamers Of not less than ], 500
tnns 10 run between New York aud Liberia,
touching Norfolk and Port Royal, to carry
such freed men as desire to eni.ratc. 1t also
gives the proceeds Of confiscatcd rebel prop
erty to carry ont the provisions Of the bill.
hrn. STEVENS" FINANCIAL MEASURE.
The following is the bill introduced by Mr.,
Stevens from the Committee Of Ways and
Means:
Ee 1t enacftd 1y Ne Senate and House Of Repre-
>enfafires the fMittd fa,es 9 ineriea, IL fo,t-
gress assembled That the Secretary Of the Treas
ury shall far as possible redeem and call i'll tie
$40 bonds. and a1i 80 bonds which have bcc,l is
sued since the 4th Of March, 1861, and cancel thl
same.
SEC. e. And 1e II .js,thcr enacted. That the Src
rotary Of the Treasury sieT redeem all United
| States tender notes, which shall be hcld q loan
bearing interest and the law authorizing s'schloau
| SEC. 3. ina D. it .f"s!Asr enacted. That tilt
law authorizing and requiring The payment OF in
authorized the issuing Of tue $50 bonds lcrcb;
SEc. i. -4nd 1e If .f";4her tnactf1 That il Of
der to enale the Secretary Of the Treasury 10 car
~ into elect tic foregoing. provisions. he is here
lyantoriScd to i=sus s. ,cD5e QUA i SO naueh b!
needed. or honds Of the United States, simi
lar in amount and form to those author
ized hy tile act entitled San act to author
Zc the Issue Of Euited States notes aNt
1or thc. redemption Of funding thereof, ami
for funding the doatng debt Of tho United States
approved February a. 1862 with interest payab
semi annually III the lawful money Of thc Unite
States. and the principal payable i'll twenty year
i'll gold OF silver coin Of the United States: also
to Issue legal tender notes Of the United States
| the amount not to exceed. with those already all
| tnorizcd, five hundred miiors-
| SIC. s. 14nd be II further enacted. That instca
| Of the bonds hrreby authorized 10 b. redeemed
The Secretary Of the Treasury be b. Eeby autho
izc.l to exchange in the bonds authorized by thl
| act such su,ns as he may deem advantageous
ths government, Or pay thrm in legal tcnd.r notst
SEc. 6. Ind IL II 1"rthfr FHccftd. that all Bank:
| Savings Institutions. or persons who have autho
ity to Issue notes as currency. shall pay tax. I
he assessed as other taxes Of fifty per cr1,tun o
all their circulation which shall exceed onc-haf
llcr capital paid ill., trsided, that this section sha
| not go itn operation until ninety days after Il
, / passage Of this act.
: Sect. And 0est. t.fa,JhereHac:ed, That whenev
the Government requires more money than Is lltr
by provided. the Secretary Of the Treasury may st
any portion Of the bullion Of bonds hereby auttt
lied at such pricee as he may be able 10 Obtain
| the eAMc