The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-25

Senate.
WASHINGTON, June "a, 1862.


THE BANKRUPT
Mr. HARRs, grep.) Of N. Y presented several petitions
from citizens OF New York, asking for the immediate
passage Of q bankrupt act
PUNISHMENT OF ooNGREssMEN MEpDIINa WITH
Mr.. WRIGHT, Unionl of Ind offered resolution that
the Judiciary Committee be instructed TO inquire into
the statements evidence, &C. tho report OF Joseph
Holt and Robert Dale Owen in regard to certain contracts
to furnish arms to the government and inquire what
evisation Is to punish Senators and Repre-
sentatves who shall lend their Official influence to pro-
contracts, and who shall accept. directly or ind
rectly any money other reward or compensation,
either certain or contingent, therefor. Adopted.
BoUNThs FOR VOLUNTEERS
mittoe. reported Bill making appropriations for the
payment Of the volunteer force bounties.
After discussion 1t was postponed until 70 morrow
THE ACCEPTANCE OF LEAGUE ISLAND.
Mr. GRIMES (rep) of Iowa, moved TO take up the bill
authorizing the government to accept League Island IN
the Delaware river naval purposes und experienced
property.
The Con6scation bill WIS then taken up and discussed
ct considerable length.
VETO MESSAGE FROM PRESIDENT.
The following message was received from the Prest
dent
TO THE sEsAr OF THE UNITED sTAIrs.-
and l It,, to tina, Of an act
less denomination than i've dollars in the District Of Column
bia has received my attentive consideration and now
biz propose: rsPsa the existing legislation pr1h
than AVE- dollars Within the District Of Columbia without
permitting the issuing OF such bills by BANKS not
now legally authorized to Issue them. In my
Judgment 1t will be found impracticable, In the
present condition Of the currency, to make such q dis
elimination The banks generally suspended specie
payment sanction given the CIRCULATION Of the
irredeemabe class of them will almost
tainly extended In practical operation include
those classes, whether authorized unauthorized II
this view be the currency OF the District should this
become law would certainly and greatly deteriorate
the OF honest trade and honest labor
Sscond-Ths bill seems to contemplate no end which can
otherwise be certainly and beneaciay attained
During the existing war y peculiarly tae duty q the ma
Ing medium This duty has been under existing circlm
the Of United States notes receivable for all
except customs and made legal tender for all
public and private interest the public debt
The object this bill submitted TO me-namey that Of
providing small currency during the present suspen
FULLY accomplished by authorizing the ISSUE
emission OF United States BY the
circumstances OF the country OF notes Of similar character
less denomination than live dollars Such an issue
would all the beneficial purposes Of the bill would
save considerable the Treasury, would greatly
facilitate payment soldiers and other creditors OF small
and would furnish TO the people currency Is safe
their government . .
Entertaining these ections 10 the bill, feel myself
withhold from my APPROVAL and to return
II the further consideration and action OF Congress
ABRAHAM LINCOLN.
EXECUTIVE SEssI0N.
After an executive session tho Senate adjourned