Weekly national intelligencer., 1863-02-26

Mr.. CONWAY replied that the gentleman had charged
him with proposing to divide the Union This was msre
He declared that the had already divided the Union
and ne was in favor OF resumng peace the basis Of
istg facts This his position. He in favor OF
the integrity OF the Union as it exists to-day and opposed
| to all schemes of dsntegration.
Mr.. HOLMAN replied that the only difference that
the gentleman said the had already divided the Union
while he (Mr HoLMAN) said the gentleman proposed to
do 80.
All the debate being closed on the bill
Mr. r.VALLANDIGHAM moved to lay the bill and pend
ing amendments on the table Lost by vote of 46 yeas
to lO4 nays
The senates amendment disagreed to by vote Of
35 yeas to lie nays
Mr.. STEVENS asked for committee of conference.
NATIONAL CURRENCY.
The House resumed the consideration of the Senate
bill 70 provide national currency secured by pledge OF
United States stocks, aud to provide for the circulation
| and redemption thereof, which occupied hour in
reading
Mr.. cox made a point Of order that the nineteenth
sectn OF the bill made an appropriation, and therefore
lnast be frat considered in Committee of the Whole.
The SPEAKER overruled the point Of order.
Mr. HOLMAN rose to point of order that the sixty
fourth section made appropriation, and must be
sidered in Committee of the Whole.
The SPEAKER (pro tenn, Mr.. ALDRICH) overruled
the point.
Mr. HOLMAN appealed from the decision.
Mr. MCPHERSON moved to lay the appeal the
table Agreed to--yeas SO to % nays:
Mr. SPAULDING said be should give this bill his
hearty support not because it would afford immediate
relief and prevent the issue of paper nancy but
it would be of great Importance in funding the bonds Of
the United States and sustaining the Government in
rying on this war The President and the Secretary of
the Treasury have recommended free law, with view
to u currency Of uniform value.
Mr. FENTON said that the present money system not
adequate for the wants of the crisis and that it cannot be
trusted the instrument to work out the frat sca prob
lem OF national finance is evident by the greatly depre-
cated state of the currency He would not lose sight
undevaue the aid and advantage of the banks to the
Government. To say that those connected with them
have not again and again responded to the call of the Gov
ernment by direct loan purchase of bonds would be
denial of facts and ngrattude But, considering the
monetary system the banks bring to theoretically based
the precious metals and paper currency which nan
ca regulations have allowed to represent their issue by
banking institutions scattered the Republic, more
than thousand in number, created by different local
Legislatures in some States, with limited circulation
and others unrestralned States based solid
securities in others with pledge for public safety other
than the integrity of their management, the wonder s
that such system should have subserved the wants of
great commercial country we'll
He said the report of the Secretary of the Treasury
shows that the public debt created by expenditures already
incurred amounts to $6O0000O0O The actual debt
the lst of July, 1862 $54 2l 81 the estimated
indebtedness the lst of July, 1868. 81 22 29 403
that Of the fiscal year ending june &c. 1854 5S6
Government bonds the safest and most desirable ob
cations that be obtained for the security both of
rency and loans In conclusion he said only by faith
consancy selfsacrce and patriotism Of the people and
their servants by seadfast and loyal discharge Of duty
every department Of the public SERVICE less in the
Legislative halls than in the Cabinet and the field that
Union with its priceless blessings be restored and
perpeuaed 1t may cost yet immense labor and sacr
ces but it is worth them all Nations, like individuals
most heroic amid suffering and sorrow, and great
deeds mmoralized people except through sesac-
.rlfce endurance, and patriotism.
At 10 O'Clock at night the House adjourned