Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-02-06
8g 0II1aragh.
CONGRESSIONAL.
HOUSE.

The House went into Committee az tn,
Whole on the state Of the Union, and pro.
ceeded to the consideration of the Treasn.
~ note bill. sss'H.
Mr.. Crisfeld, of Nd, says he acted wifi
that broad national Catholic party ybicL
Included the whole Union within its en-.
brace, and looks to the maintenance ri
the eontederacy and the restoration Of Inc
Consultation as our fathers made and un-
derstood it. President Lincoln came into
power without his agency, and some thin0s
had been done by this administration 81
which he did not approve, but believing
htm to be honest and patriotic, he con-
eeiyed it TO be the duty of every patriotic
citizen to sustain him, therefore he should
give 70 the administration in the great
work before them, candid, honest and
nnreserved support, especially as to its
financial policy, because thatof ali others.
Is most important, for on the supply of
money depends the existence of the army.
and depends as a consequence, the life of
the nation. The Committee on Ways and
Means had commenced at the top of the
building, they should FIRST have reported
tax bill, thus laying n broad foundation
on which the whole structure of publio
credit could repose. In discussing the bill.
he said the loyal tender clause was n nal.
pable violation Of the Constitution. and he
Monld not vote for the bill If 1t designs TO
give paper the equal value of gold. Should
thar clause be retained by it, twas a sys-
tspa of population and foFced Foa1s IN the
worst form. It would not only destroy
the credit but places stain on the ma
wear out.
Mr.. Pike from Maine, favored the bill as
hard money man. he could not vote for
the measure without the legal tender
clause, as 1t was really the specie clause.
air. Alley of Massachusetts, said upon
tho decisions of this hour are involved in
great degree the prosperity and growth
of all the material interest of this country
Tor generations to como no less than pec1-
mary salvation in the present. Beneficial
as this measure is as one of relief, nothing
could induce him to give It sanction but
an nncontrollable necessity, to dispose of
tue bonds OF the government at any thing
greedy nvariCe may dictate, and the alter
native really amounts to this rather than
revert to this measure is sucking the yery
life blood of the nation to fertilize the al
ready prolific soil of the capitalists. Con.
gress has the power to inaugurate to-day n
system offinancial policy, both for the gov
ernmens and people which will establish
our prosperity upon firm foundation and
give strength and stability TO our institn-
tons, let it not disappoint in this moment
OF peril the just expectations of American
people.
Mr.. Wright, ofPa., said he had voted 70
sustain the President In suspending the
writ of hde6es corpus in declaring certain
ports blockaded, aud for other extreme
measures which were justified by the pubIic
necessity. Now they were called upon acS
cording to the terms of this bill to declare
1t constitutional aud legal to make money
out of paper. He did not feel justified in
going 80 far as to cast his vote for any such
measure. He would vote for taxation TO
the utmost limits. We have means, the
and the money, but the issues
now proposed would bring upon the coun-
try worse ruin than the rebels have al
ready thrown upon it. Tho notes author.
lied By the bill, are payable at no place or.
time, and arc TO be made legal tender in
payment of all debts. He argued the con-.
stitutionality of the question, that they
could not make anything but gold and
silver legal tender.
Horton, of o., said if the bill should
pass, which be hoped would not be the
case, it would be a departure from the
financial system of the country. He adj
Vocated Morrilrs substitute, which pro-
poses The payment of the interest in coin.
aud for the redemption of the notes in ten
and twenty years, and stated at length his
objections to the pending measure.
The committee then rose after it was
agreed upon that the general de-
bate on this bill is to cease, and ut the OK.
piration of two hours after the House shall
again take it up. The House then adjourn-
sp.