The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1863-02-14

BY the bill and certificates Of indebted
ness heretofore issued, payable in lawful
money, instead OF coin; also, m amend
ment reducing the notes to be issued to
hundred and Fifty millions, instead Of
three hundred millions, including the
amount issued by the resolution Of Jan.
II, 1869.
The resolution allowing coupons on
bonds and notes to be received on Gus
toms 30 days before due and after due,
was struck ont.
Mr.. Clarke moved to amend the pro-
vision tax Of per cent. on the circulation
Of the banks 10 rs to make it per cent.
for two years and two per cent. after
that.
MIR. Harris said he should vote against
such amendment, n he deemed it 4 de-
claration of war against the banks. Ii was
notice to them that they must wind M
their affairs in Two years. The banks had
nobly supported the Governmsnt and he
would not vote to destroy them.
White said be offered the amendment
TO relieve, sQIk Ito advise them. II the
scheme passed yestertlay was to 60 into
Affect, that circulation must take the place
Of hankcarrens.h he waE ready to sAsfif fioe
anything to save the Government.
FesseDdsu sAid ne Senator from New
York was willing few weeks ago to vote
tor the bank bill to aid the Government,
but now he was not willing the bill should
60 into operation. The voice and sense
Of the bill pasaed yestArday xas to intro.
duce new circalation 10 take the place Of
bank circulation, but if the banks we're
to still go on issuing oil the hank notes
they pleased, it would render the new
plan nullity. This tax was designed -
. persecution ou the banks to induce them
TO come under the new arrangements.
Phelps made uniformity all over the
country.
Harris contended that he had support
ed the new banking bill rs voluntary
system which the banks would receive
and mot ~ measure 10 exterminate and
maze war ON the State banks.
Chandler saidtAe QUESTION was whether
We could support the Government and
protect these State b nks at all hazards.
What would the bank be worth if the
Government went down They would BE-
worth nothing. This question was of far
greater importance than banks.
Harris was willing I'd tax the banks 40
heavily rs they could bear, but not to ex-
terminate them, xe
D.-nft c.,J a. Al
destroy legal basks and substitute =
worthless currency ioup pded ON depreciat-
cd banks. He said the policy. of the
Secretary Of the Treasury had been wrong
and ruinous from the first, and if he could
not carry on tho treasury he ought TO re-
sign and not food the country With trash
never redeemstle in coin.
Fessenden said the gentleman from
Kentucky had very pee ulisr views Of car
rying on the war. He esaid he was loyal
1Hdvxursd % preserve The whole country.
bat would do nothing tp put down the re-
beIlion. He Wsuld let them 90 on,
though he said it wins al wrong. He
would do nothing to stop them, yet he
was loyal man.
Mr.. Powell said he uas - loyal a. the
Senator from Vermont.
Mr.. Fessendan said he did not doubt it,
only they differed in their modes Of put
ting down the rebellion. He [Fesssndsn |
would defend the country and not allow
the FREQ States 10 Be overrid BY savages.
The Senator from Kentucky nid he
would do al that, but woald not vote 4
dellar. He opposed the war from the
bsginning. The Senator would have
nothing but gold paid BY the Govern
ment.