The New York herald., 1862-02-21
O EN ERAL EWS.

WASHINGTON, Feb. 20, 1862.
PROBABLE PASSAGE OF THE TREASURY NOTE BILL BY
THE SENATE AS RECEIVED FROM THE HOUSE.
The Treasury Note bill will probably pass tho Senate
substantially in the form il sent back 10 them from
the House. The legal tender clause is retained, and the
payment OF the interest in specie also the power Of the
Secretary of the Treasury sell United states bonds
the market price.
Mr. Hooper, Of the Committee Of Ways and Means, OBJ
ccts strongly this feature, as makes that legal
tender in payment of debts which may DO bought and
sold below par value in market On account Of this
and some other features Of the bill as II stands, he
moved TO lay the bill the table II twas curious TO oh
that several of those who opposed the hill from the
first, the ground that IL UNCONSTITUTIONAL voted
against lay ing it upon the table.
There will be Committee Of Conference upon II but few
doubt now that the Treasury Note bill will pas nearly in
its present form II would have been passed to-day but,
after the failure Of its opponents TO prevent the
of the House with the principal Senate amendments
they rallied all their strength TO Obtain disagreement
upon single unimportant one in order to insure delay
by having sent back TO The Senate In this they were
successful but H. is not improbable the Senate does
recede and let the bill pass without delay, the Con
ference Committee will very soon settle the difficulty.
CONVENTION OF RAILROAD MANAGERS.
Delegates from the principal railroad companies Of the
loyal states met this morning at Wizards, in pursuance
Of public invitation Of the Secretary of War with
view to making general arrangements for the ransporia
ton OF troops and military supplies uniform terms
satisfactory TO the government and to the companies.
The Convention was very largely attended Among the
gentlemen present were the Hon. Erastus Coming,
Messrs Marsh stevens Merrick, FELTON,, wm d. Lewis,
Osborne Kmber, Jeweu, gGarrstt, G. W. Chaplin, Noah
!. Wilson, Enoch Lewis Alsop and Taylor.
After the meeting had been organized by the appoint
mcnt Of Mr.. Corning President, and Messrs Barlow
aud Kimbcr Secretaries Of the Convention the Chair
man deputed Judge Jewott and Mr.. VIM. d. Lewis TO in
ve the attendance OF the Secretary Of War who shortly
after arrived accompanied by Generals Mcclellan and
| Megs.
Mr.. stanton, in a few eloquent and impressive re
marks laid before the Convention the object Of his
| cali. which was TO throw upon the railroad com.
| psHies themselves, through an efficient organI
| cation, the arrangement and responsibility OF
the measures necessary at this juncure for
conducting the transportation Of the government both Of
troops and supplies, together with the establishment Of
fixed moderate rate, by which such transportation shall
be conducted on all the railroads Of the loyal States Mr.
stanton said tina, he felt he could commit this mportan
matter such body OF gentlemen saw around him
with perfect reliance their judgment and patriotism
for the accomplishment Of the object he had in vew and
that he infinitely preferred this course TO the exercise
the arbitrary power conferred by Congress on the govern
men take military possession of the railroads for such
| purposes.
Mr.. Corning briefly responded TO tho secretary's re.
marks, with the that he had not mscacuated
disposition Of the Convention TO carry out his views
after which Secretary Stanton and Gcneral Mcclellan
withdrew, leaving Goueral Meigs and Mt Mccollum ''