Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1863-01-17

IN the petition had been proved Should the parties appear
he proceedings shall accord with the practice In admiralty
cases.
The secton provides that the property Of psr
sons who have left o the Loyal States and return
ca sha ne condemned on the presumption they have been
engaged IN armed rebellion ngaDst the United States
Laid on the table and ordered to be printed
Mr.. CLEMENTS, OF Tennessee stated that Mr. Jsn-
nlngs Pggot escted from the second Congressional dis
tric OF tho State OF North Carolina, was present and
asked that he be sworn 10 member The election was
by order of Military Governor Stany.
On motion of Mr.. DAWES, tho whole matter was re-
the protest Of Charles Henry Foster against The admission
Of Mr Pggot as member. Referred to the Committee
on Elections
MEN AND MONEY FoR THE WAR
Ga Motion of Mr.. STEVENS, the Hou,e went into
COMMITTEE OF tho Whole the state Of the Union (Mr
CAMPBELL IN the chhr and resumed the consideration Of
House bill providing ways and for the support Of
the Government
Mr.. WARD then proceeded 10 address the committee
contnlng his remarks {, the bill under consideration Hs
said that while he had aided the Government with the
needn supplies OF money and he had been unable
prevent e careless expenditures cf the moneys and the
nerdsss sacrifice OF the His vo,s had heen insult
Gent to arrest the aystem Of finance known legal ten
der, but he trusted that the -ests Of experiences would
prevent the acreaaed issue of ths fictitious money He
deeply regretted that tho one dark engma which had
cost 80 much OF cur national substance and msny vau
able lives should have led many esray from the principles
OF they had adopted in the long years OF
calm econ These principles insst upon cbcdence
to them, and will not yield to the ardor of wshes
the force OF our eaactments. They imperative in
their operation as the lawa of arithmetic gravtation
be combated IN detail many Of the positions taken by the
Secretary ot the Treasury and Messrs. STEVENS and
SPAULDlNG, showing the effects OF the legal tender notes
upon all classes Of society s upon creditors and
merchants and especially upon depositos saving banks
and persons having fixed salaries soldiers Sailors and the
entre aborng class Taxation and proper methods of ras
Ing money had BEEN the party power because
they would have brought the people early to calm reec
to, and been adverse hose who are unwilling TO tru,t
nj he tn
and smeloratng Influences If time, by which Providence
works out ts benecent changes without tho agency Of
mankind.
Mr.. WALKER examined the bill under consideration
and reviewed the general banking system He said this
OIL gave authority TO the Secretary of the Treasury
raise nine hundred millions of dollars on the credit Of tho
United States This, lie thought was legitimsts mode
OF raising money, with the single objection namely of
selling thesa bonds which ought not busnld or eas
than par He conteIded that the Government ought go
INTO the just as other persous compsed to do
and raise money the best terms they He regarded
the payment OF interest in coin great mistake He
unwilling to go any further in that direction the Gov
ernment should not recognise standards nf value As
to the tax proposed bank notes. he would amend that
section Of the bill that the annual tax should be per
centum
Mr.. MORRILL, desired TO know how the Government
could get on without the aid Of the loyal banksf
Mr. WALKER replied that they had under the
Constitution any such right to iesue bills Of credit
Mr.. BlDDLE briefly considered the views expressed by
Mr. WALKER. who he sad had assumed the right OF the
Federal Government to suppress the circulation Of bank
notes He referred to Judicial decisions support of his
position AID said taxation for oertauy does not
carry With II the extinction of what is taxed
Mr.. GURLEf sail that, other things being equal the
Government engaged IN warfare that the largest
amount OF money must in the end triumph Bnt what ia
money Strictly speaking &. III aud silver no. hing eIse
paper stamped aad signed as money In large small
Quantities valued at last by the coin commands in
market Ii may bo based upon public credit but even
that credit is IN no wise Independent of gold and silver
What then shall We attempt to carry the by these
alone There was not enough ef coin in all the Loyal
States to meet the expeaes Of the Government and a
no country ever carried on gold and silver aloue
this country could not expect prave an exception and
only emsne for them seect the best kind of paper
adapted to their wants He reviewed at length the plan
OF the Secretary of the Treasury which hs coademned
and oher various financial propositions offered for their
confederation and Concluded that their hest plan wss to
legal tenders to the exea of $500 600 and cir
cnmcree the ssne to bank paper The proposition Of
the Secretary TO borro $500 900 900 was an
He hal not been sble with authority raise money on
bonds to pay tue SOLDIERS who stood between the Govero
ment and destruction, and whose families suffering
ior bread The failure to pay the troops rested solely
with the Secretary Of the Treasury who erred not through
intention, but from error ofudgmsnt He knew they had
plenty OF money and provons in the country aud he should
use them ard not allow the suld ora to suffer.
Mr. THOMAS, Of Massachusetts, briefly replied to the
speech OF Mr.. GyILEy, by saying that it was unjust to
charge the Secretary of the Treasury with failure to pay
the soldiers. Ii fault OF the Secretary but n
fault in the law passed by Congress
Mr. LOVEiOY replied to the remarks Of Mr.. GURLEy
and SAID it was nothing less than upon
the Secretary Of the Treasury II such hing was possible
destroy ths nation might be said that of croak
ers and fsu'nders II he had the power he would issue
an order to coprees the respiratory organs of these
croakers aud fault.Gnlers.
Mr. GURLEY replied that he dslkcd cro.Sers and
fault kadars ss much the gcneman from .lInos Bnt
he would soy to the gentleman Go and ses our army now
IN the field end Of them on the very point Of
revolt they have not received their pay in default
OF which their families a;O suffering
Mr. LOVEJQY replied that tbs s. G. etary Of the Trea-
sury hei. dene all tbs. could be done.
MT FIX y sail no had high respect for hs committee
VINO this bill but he did not believe that would
answer lha purpose This Gogerument should do as the
Secretary Reconnaissance paper currency for tenn
pcray puFpass snf wait the development Of the next
thirty days
Mr. THOMAS of Mass, in favor of the clause 10
temporarily tax bank notes and restrain their c cuaton
within reasonable limits.
On motion Of Mr. STEVENS the committee rose
On motion OF Mr.. STEVENS it was ordered tpat ths
vote on the bill should be taken hours and after
the House should 20 into committee.
Adjourned.