, 1863-02-14

WASHINGTON, Feb. 13, 1868.
SENATE

SENATE
Mr. WILSON Of Mass, from the Committee
on Military Aff;,irs, reported back the bill to
raise additional soldiers for the service, with
the Recommendation that it do not pass, be-
cause the authority intended to be granted Is
sufficiently granted in the act approved July,
1862. THIS is the bill introduced BY Mr.
Sumner.
Mr. WILSON from the same committee, re-
ported back the bill to withhold the pay Of
officers absent from duty.
The resolution was called up to revive the
act to sccEre to men actually employed in the
Department Of the West and Missouri, their
pay, bounty, and their pensions: Pissed.
luton authorizing the Secretary Of the Treas
ury to pay Perry E. Brochus his salary IS
Judge Of the Supreme Court Of the United
States for the Territory Of New Mexico.
Passed.
Air. SUMNER Of Mass. called up the bill to
prevent correspondence with rcbcls. Pissed.
Nr. FESSENDEN of Me called up the bill
TO provide for ways and means to support the
Government
amcpdment was adopted making the in
tiicatcs Of Indebtedness hereafter Issued,
payable in lawful money instead Of coin; also
m amendment reducing the notes 60 be issued
to $3.50, 00.o00 instead Of $500, 900 900, inclu
| ding the amount issued By the resolution of
January 18th, 1854. The section allowing
|
for customs thirty days before due and alter
due, wns stricken out.
| Mr. CLARK Of y. II. moved to amend the
| proposed tax Of two per cent. on the clrcula-
ton Of the banks so as to make it one per cent.
for two years and two per cent. after TINT.
| no such amendment, as he deemed 1t q decla.
ration Of war against the banks. 1t WAS a no
tice to them that they must wind up their
affairs in two years. The banks had nobly
supported the Government and bic would not
vote to destroy them.
III. CLARK Of n. Il. said he offered the
amendment to relieve, not to destroy them
if the scheme offered yesterday WAS to 60 into
effect, that circulation must take the place o1
bank circulation, He was readyto sacrifice
'nyh'FFE s s;sf as e %e aa the Senate,
from New York was willing yesterday to vote
for the bank Till to aid the Government, but
now he Was not willing that the bill should
80 into operation. The very essence Of the
bill passed yesterday was to Introduce new
tion, but if the banks were to still 90 on lssu
ing all the notes they pleased, 1t would ren
der the new plan nullity. This tax was dc
signed as pressure on the banks to induce
them to come crthe new arrangement ant
help pake uniform currency all over ths
country.
M1. HARRIS of II. contendcd that he hat
| supported the new Banking bill as Il volun
tary system which the banks wol1ll receive
and not as measure to c1terlninatc and m:tkt
; t war on the State banks.
hIr. CHANDLER of Mich. said the question
was whether We could support the Govenmen
or protect these State banks at all hazards
What would the banks he worth if the Gov
; | eminent went down? They would be Wortf
, nothing. This question was Of far create
importance than banks.
the banks as heavily as they could bear, bu
| not to rxtin|ulsh them.
Mr., POWELL Of ky. declared that then
was q scheme to destroy legal banks, and sub
: stltute worthless currency founded on dc
Sscrttary Of the Treasury ha1 been wrong an
,uinous from the first, and if he could no
carry on the Treasury he ouy yhrto resign, an
not flood the country with trash never II
deeanable in coin.
:, Nj. FEsSESDEE Of Milne said thu
cu1iar views about carrying on the work. H
l said lie was loyal and wanted to preserve tn
. whole country, hut would do nothing to pu
down the rebellion. He would let them Z
, On, though he said it was Ill wrong. II
l would do nothing TO stop them, yet he 'Fas
; Nr. PowELL-As loyal as tho Senate
S MI Mr. -:t1: FEsSESDES said he did not disput
it, only they differed in their modes Of pu
j | ting down the rebellion. Hc (Fe:sende1
. would defend the country, and not allow Il
e Senator from Kentucky {PowelD said !
+ wonld do all TINT, but would not vote a dc
). lar: he opposed the war from the beginnin
= The Senator from Kentucky would have mott
ing hut gold paid BY the Government;
claimed that the Government should use .
the gold He had repeatedly stated that
would use the proper local banks.