Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1863-02-14

The ssnasof Aom Ksntusky said be
would Do 81 that, but could not tTots a. dol
lar, as he Was opposed to The wsr from the
beginning. The Senator from Kentucky
would have nothing but gold paid by the
Government ~ fDEr
MIR. Powell said he had not claimed that
the Government should Rse all zoldg He
had repeatedly stated that be would use
the proper local banks.
Mr.. Fessendsn--SaPp6s you cannot get
paper
Powell said they could it get as EASILY they
could get gold. Could take it in payment Of
the public dues and for taxes
Fessendsn said the Senator objected be-
cause the Government chooses 10 use its
own paper. Everybody knew that no
country ever carried on 8 war like this
with coin and never could without using
its own paper But the Senator complain
ed because the Government put its own
credit into the market, instead Of putting
itself at the mercy Of anybody who choose
to pray upon it
II was impossible to obtain gold to carry
on the war. We had carried on the war
for two years, and the credit Of the Gov
GLAuEul nh4 DCG4 1u1N8A4E4 uOUlI DEAlL6
the world by the exertion Of the Secretary
Of the Treasury, Now, the Secretary
came 10 as and explained that things had
arrived at such a state that after much
consultation, and careful thought and
study, he had decided that this, or some
other plan was necessary, in order to car
ry on the war and the Government, and
nobody had offered any other plan, unless
it was the Senator from Kentucky, and ne
(Mr. Fessenden) had no better plan to offer.
He was willing to yield his judgment.-
He would not say that this plan should not
be adopted. He was willing to do every
thing and try everything tor the safety Of
the Government and to carry on the war
70 q successful termination.
Mr.. Powell said he was astonished to
hear 80 able Senator as the Senator from
Maine resort to talk about loyalty, instead
Of argument.
Mr.. Fessenden said he was only contrast
ing the Senator'S practice with his profess
sions.
Mr.. Powell continued at some length,
cOntending that his loyalty would bear q
favorable comparison with that of the Sen
stor from Maine. BE believed that the
seperation Of the States was accomplished
by war. He referred at considerable length
to various acts Of the Government which
he alleged were Constitutional.
Mr.. Chandler claimed that the proposed
currency would be more safe than local
banks, because they would be based on
credit Of the Government and secured by .
mortgage Of all the property Of the country.
The Senator from Kentucky was as con-
sistent at heart as his late colleague, now
q Generalin the rebel army, who, when here
voted against everything tending to sup
port and defend the Government and was
now fighting against the Government, and
the Senator was consistent in remaining
here and voting against every measure.
Davis referred to the condition of the
banks Of Kentucky and claimed that they
were preferable to greenbacks, and that
the policy pursued in the war Of 1872 was
better than the present policy. He pro-
tested against this manner Of impugning 3
mans loyalty because he did not follow the
lead Of the party in power He would
never forego his convictions, but would
stand by the Constitution, no matter what
was the consequences.
Mr.. Chandler said there were traitors
North and South trying to depreciate the
currency.
Mr.. Howe was glad that the Senator was
willing to stand BY the Constitution. He
admitted that the banks Of Kentucky were
sound and wealthy, but was not the Gov
ernment Of the United States more sound
and wealthy, or did the people of fKentueky
distrust the intention Of the Government
to pay, or we're they fearful it would
not be able to support itself If every one
would feel that everything was to be sac
rifcsd for the safety Of the country, there
would be no more fears for the safety Of
Government.
Harris said he was opposed to it because
he believed it was intended IS exterminstC
the banks.
Clark's amendment was then adopted By
% against IS. Fr.ur.a
The question was then taken on the
amendment as amended. Adopted-20 tC
II.
Several amendments were rejected and
the bill was reported to the Senate
The vote was again taken on the amend
ment, taxing bank circulation one pei
cent. for two years and two per cent. there
after, instead Of the sliding scale proposed
by the House, which was agreed to.
The bill was then passed by vote Of 8.
yeas and nays, namely Richardson, Car
Isle, Wall and Powell.