New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-02-06
HOUSE OF REPRESENTATIVES,.

The House went into Comm,llee OF the Whole on
the Treasury mole bill.
Mr.. CRISFItLD Union, hd.l-When these
troubles began thov found ne standing alone. I
Oyse nothing to party, beyond the broad catholic
party which iuolOTos within its embrace the
whole Union, aud winch LOOKS Tor peace sad the
restoration OF the Constitution fathers UNDER
stood il. did not support he PRECEDENT bat II il,
Tue work Of patriot IN TO give 10 the Admiuis
raiion III the hour OF evil, fair, impartial, and
energetic support. desire TO support the President
IN lis financial policy, because that OF al hers i.
The most important measure that can be presented to
tie attention 81 The people. Money must be got, or
the army mus be dsbauded. the Constitution v III
be overturned; the country ruined, and the national
lie destroyed. | AIN disposed 10 support every
measure Of finance having for IL object q vigorous
prosecution Of the war and the reetora,ion OF the
Union upon the basis Of the Consultation We must
10 attain that end, create currency create public
debt ana scheme Of Just taxation 10 meet the re-
qulrementr Of Toe country. am ready 10 90 as lar
90 cstabl sh lust te If taxation AS he who dare,
20 farther and 10 sustain the Government and Ia
keep the army and navy afoAt. The ouly ouestiou,
IT, how This be done Ia mode eas' preud eial to
tie people and most convenient 10 tle Go, ernu, III
Ihis is the great question Of the tines and tie one
which ies al the foundation Of oil ohers and on ITS
solution depends orr tucce@s IN meeting the present
emergency. We lay the taxes necessary Tor he ,up-
port Of the Government, and We neg0tiatc
loans TO raise funds, and we provide a
currency for the purpose Of holding these
immense amounts. The Committee Of Wuv.
aud Means presents with bill prov idinga ,lir
Of ral-iLg money. AID promises us = sooopd ODE 20
complete the scheme. l. proposes tax Of one hun.
dred and iiity millions aud the House is called up,u
~ pledge ittei 10 raise II. But how aye ve To rase
II The Committee doee not inform ". They pro-
pore II currency, by Issuing Treasury uo'ef under
Authority Of the bi l. and 10y another Lpl i, j. pio
posed - create national currency, based upon Tie
public securities, and To lay taX. They piolO.e u
bill which tissues Treasury notes, aud causes them 10
b. funded IN nnblc stocks. The Committee should
have started from different point. They have COM
Dencei NJ tie wrong END. The lgrt piOp0, ed mras-
should b. The fret, and the Iisi Tie rs. They
have tegun ~ The top OF The building and they
call us 10 build with them 70 The bottom.
They ought, fret, TO have reported taS-bli lay ng
"A broad foundation for taxation, upon which the
WI ole pnbhc credit rcposcs. They should have fnd
determined that as the hrs. series Of n.eslsures 30
th..t we might be able 10 Judge what particular pro-
vision ID necessary aud what IA not neccssary IN h,
particular measure. What IL the pro yo-tiol l. Is
10 issue one hundred millions Of Treasury Notes,
without Interest, payable at the pleasure OF the
United Sla'te, and 10 be received for all public
dues and receivable for all dues from the Govern
ment by creditors Of the Governme these notef 70
be declared to be money and legal tender forai pub
lie aud private debls over the land the same 10 be
funded IN public securities, bearing six per coui
interest, this interest 70 be paid on the same
promises of the Government IEOso are the
principles Of tie bill. VIII il bling relief
10 The country, and is il consistent with
he Constitution These are grave inquiries
let us see then, if the scheme Is consistent with the
Constitution. ] approve OF the general scheme u
,ubc credit, which, believe, will bring relief 10
te country aid restore the public creIii but there
re features aud details in this bill which cannot
ssent to- The legal tender slause stares us in the
lse ss the most Objectionable feature III the ill. |
bir 10 direct violation Of the Constitutions aud in
y belief, entirely irreeoncilabe with thai insIru.