The New York herald., 1862-04-01
Preparation of the Legal Tender
Treasury Notes.
Progress OF the House Oh the
Internal Tax Bill.
Speech Of Senator Sumner on the Abolition of
Slavery in the District of Columbia,
&c, &c, &c.
WASHINGTON, March 81, 1862.

,he Tax bill. The former embrace the general provisions
licenses articles and products auction
sales, carriages, Watches pianofores, billiard tables
plate, slaughtered cattle, hogs and sheep.
RESOURCES AND TAXATION.
large number of the esding merchants and manufac
turers OF the country still here consultation upon
the proposed trade They the aggregate
production of the country at four thousand millions
which, after deductng thousand millions for local
consumption leaves three thousand millions the
of trade 1t is estimated that this changes hands
three times, and that tax Of per trade win
thus produce Of ninety millions of dollars per
apnum.
THE RECIPROCITY AND FISHERY TREATIES.
Resolutions TO be introduced in the Senate
asking the Secretary OF State for report upon the Re-
cprociy and Fishery treaties with Great Britain, and
also asking for statistical information respecting the i'm
ports and exports in detail since the treaty
operation and the amount OF trade this country
and the colonies that Congress have the information
necessary to enable them take proper upon the
Tax bill, well to determine upon the proposed
tion regarding the treaty.
ISSUE OF TREASURY CERTIFICATES.
Nearly three and half millions Of dollars of Treasury
six per cent certificates in payment OF quartermasters
checks, have been dated numbered, ceuntersigned
gstercd and passed through the Registers Office since
ten O'Clock this forenoon. -Four hundred and Of
these certificates for Of thousand dollars
each and thousand three hundred and forty three
for sums Of thousand each. About half Of those
passed to-day issued TO Jay, Cooke Co., bankers
These certificates to be issued at this until all
the approved demands upon the Treasury shall
hquidatsd.
THE LEGAL TENDER TREASURY NOTES.
The period when the legal tender will be ready
for circulation is uncertain, and there is little doubt
that their preparation for issue will be compare
lively slow. They must be numbered cut and
trimmed and this is tedious business with
notes Of such small denominations The rush for
them win be immense-far exceeding that for the six
per certificates While the uniformed refusing
the latter anticipation Of receiving legal tender
in q few days, the shrewder government creditors
taking up the six per cents, as they aware that
under the present machinery Of the departments the
chances are will be the better part Of the year
which certificates have to run before they will
able get their audited and paid legal tender
funds during which time they could get interest The
objects the Secretary issuing the certificates and hav
ing them paid out checks Of disbursng officers
relieve the necessities OF contractors and creditors the
disposed Of being 1T the same time equivalent
loan for year to the government Had this objec,
been fully seconded by the Quartermasters Department
the amount Of such loaas might have been nearly
doubled there numerous accounts in that Office
which laid there which creditors
would have gladly taken certificates had the Quarter
master General permitted them But red tape inter.
vened, and the parties will wait for cur
rency This is to be regretted, as IL will
probably Inconvenience both the and its
creditors before the is The first thing to be
done when the ready, will be pay our brave
soldiers many Of whose families suffering the
delay which has already occurred The four pay
due TO them now in arrears will require about hrtyfve
millions pretty round to with. The con-
tractors will have TO wait until these payments have
been made Py that time some OF them will have occa.
sion regret they did not agree TO take six per
tincates at the beginning
TRADE WITH THE RECOVERED STATES.
IL has already been stated that the Secretary Of the
Treasury has issued instructions the Treasury agents
collectors and surveyors, on the Ohio and Mississippi
rivers dispensing with applications the Secretary for
licenses trade. and authorizing the shipment of all
goods intended for aid TO the rebellion, all places
occupied by our forces in the valley States.
The Secretary, In his recent letter of instructions
says
You viii hereafter cease collecting any per csntage
fees for permitting the trans and exchange of mer
enandse between the Of the loyal and the
loyal citizens OF nsurreconary sections Of the country
occupied controlled by the forces Of the United States
NIT granted and you will make charge for permits
for msrchandse forwarded from any place in a loyal
else any supervision the trade between such States
except such be necessary prevent supplies OF
any description being furnished 70 the insurgents. lis
furthermore directed that permits be granted any
articles forbidden by the military authorities he
ported the territory occupied by the forces the
United States.
TIE NAVAL APPROPRIATIONS BILL BEFORE THE
HOUSE.
The Naval Appropriation BILL which passed the Senate
on Friday, s before the House Committee Naval
Affairs. II will be acted upon tomorrow.
since appearance OF the letter Of the Secretary OF
tho Navy asking for appropriation Of thirty millions
of dollars Of the committee favor Increase OF the
amount be appropriated for the construction OF iron
steamers but It 10 not probable that Congress viii
At present Appropriate than the fifteen millions pro-
vded bi for this purpose and tho amount
required for the completion OF the Stevens battery
which is regarded Of most vital importance this
iuncture. The great dcsderatum at this moment is
readiness for At the earliest possible period
Tie practical experience Of the necessity for
powerful iron clad floating batteries has created com
plcte revolution the opinion Of naval officers who for
mery opposed them; and has completely changed the
opinion Of rose who, former occasion made report
adverse to the completion OF the Stevens battery upon
the genera principle Of the nercie iency Of such struc
lures.
SENATOR suhrERs SPEECH on THE .poI Irros or
SLAVERY IN THE DISTRICT oF COLUMBIA
Mr. Sumner to-day after several disapnoint,nsn,s .s
enabled deliver his expected speech upop the ahoio
OF slavery in tho District Of Columbia nvN an e.ho
rate argument against slavery IN the abs,,.c, a.,
which the higher law mixed with some ,tg,-,r,
preccdepts ustiyng the payment Of money for ,sv.s
about 70 be liberated "
v The community here but little excited the slay.
nv question The aole bodied slaves will all be deport.s
from the District before the act Of emancipation ha
passed and no slaves will be left except few invalid
ones for whom the government will yay more tnsn they
are worth relieving their Of tho burden Of sup.
porting thcm.
EFFECT or TEE ESCAPE or TILE SAsBvrILs IN
EUROPE.
The escape of the Nashville, and her return TO Eng
land with a cargo OF cotton, looked upon here
matter Of serious import reference its probable
effects upon the views OF the great European Powers
reference 10 the blockade. The Engshmen hore declare