Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1863-03-06
to be shot. 1t is believed that he will en-

force the sentence.
A plan has been submitted to the Miltar
: Committee of the two Houses for consolid.
, ton of regiments now in the field, or fillin
them up to the maximum, and keeping thel
full from troops to be raised under the ne,
conscript law. 1t gives the President powe
to muster out of service officers whom cor
solidation may leave without commands, a
ways discriminating in favor of those oldea
in the field, and most noted for services an
ability @'F1
HousE.-- EVENING SEss1oN.-Mr. Geo "
Bridges was sworn in as member fror
Tennessee. --.
The bill to amend the Internal Revenu
act, was taken up at 1890. No quorum
present, the House adjourned.
| Correction.-Vote on conscription bill wa
115 yeas 49 nays. . ..-....- .... ....
New YORK, Feb. 26.
A F. Monroe correspondent of the Time
says the reports of country people rendere,
to Gen. Viele at Norfolk, and Gen. Peck a
Suffolk concur in the statement that Gen
Pryor has been reinforced by troops unde
Generals Pettigrew and Glover to the exten
of over $4,000 men, giving him force o
10000.
Rumors also come from many quarters tina
an attack will be made upon Norfolk befor,
the 4th of March,
| Pryor, a week ago, withdrew his pickets
between Suffolk and Blacdwater, and making
circuitous route, in Southeasterly direc
ton and crossed the Chowan river and turned
up yesterday morning in Princess Anne
county, twenty miles Southwest of our lines.
The 7Ti6une's dispatch states that the gun
boats Freeborn and Dragon made a recon.
noisance on the 21st, up the Rappahannock,
distance of IS miles. Just below Fit. Low.
rie they were fred on by rebel battery An
engagement of one hours length ensued, in
which the batteries were sllenced. The Free.
born received some unimportant injuries, and
had two or three men slightly wounded. The
entire reconnaissance was perfect success,
and yielded great deal OF valuable informa.
ton. .-. -
indianapolis, Feb. 26.
The Union Mass Convention. to-day, was
the largest ever held here. Over thirty thous-
and people were present. The proceedings
opened with prayer by Bishop Ames Gov.
Wright, of Indiana, presided. There was
speaking from three stands. Gov. Johnson,
of Tennessee, Hon. Samuel Galloway and
Rev. B. Carey were among the speakers.
Resolutions were pas ed reaffirming devo-
ton to the Federal Union, and pledging a
hearty support to the Government in vigor-
Gus prosecution of the war, until the rebellion
Is crushed out; deprecating all the trucklin g
armistice conventions with traitors in arms
as weak inventions Cf the enemy that cannot
be entertained single moment by loyal men,;
endorsing every measure the President has
adopted for the suppression of the rebellion;
declaring that the loyal people Of Indiana
will never submit to the withdrawal of q
State from the Union, or the formation Of a
Northwestern Confederacy.
WASHINGTON, Feb. 26.
1t is now settled that the Secretary of the
Treasury is authorized to borrow from time
10 time on the credit of the United States a
sum not exceeding 100000, 900 for the cur
rent fiscal year, 5000, 900 for this next
fiscal year, and to issue therefor coupons or
reg stered bonds, payable at the pleasure Of
the Government after such periods as may be
fixed by the Secretary, not more than forty
years from date, in coin; and in such denom-
nations, not less tnan fifty dollars, as he may
deem expedient, bearing interest at rate not
exceeding six per cent. per annum, payable
in bonds not exceeding one hundred dollars,
annually; and on all other bon;,s SEMI
annually, in coin; and that he may
at his discretion dispose of such bonds at any
time, upon such terms as he may deem most
advisable, for lawful money of the United
States, or for any of the certificates of in
debtedness or deposit that may at any time
be unpaid, or any Treasury notes heretofore
issued or may be issued under bonds, or Treas
ury notes or United States notes issued under
the provisions of this act; for the
payment next preceding such exchange,
and in lieu of any said Treasury notes thus
exchanged or redeemed, or paid at maturity,
the Secretary may issue an equal amount Of
other Treasury notes and the Treasury notes
so exchanged, redeemed or paid, shall be can
celed and destroyed as the Secretary may di-
rect, in order to secure certain and prompt
exchanges of U. S. notes for Treasury notes,
when required as above; provided the Secre-
tary shall have power to issue U. S. notes TO
the amount of $150,OO0, 900, which may be
used if necessary for such exchanges. But
no part of the U. S. notes authorized by this
section shall be issued for or applied to ANY
other purposes than said exchanges, and
whenever any amount shall have been SO is
ouCu 1AO dppuCO3 t4C SdAAAC oLd1l OC ACPlttA CU
as soon as practicable, from the sales of the
Treasury notes for the U. S. notes.
The Secretary is authorized and required
by the exigencies of the public service, for
the payment of the army and navy and other
creditors of the government, to issue on the
credit of the government $l50,OOO,0O of
United States notes, including the amount of
such notes as heretofore authorized bya joint
resolution, passed July last, not bearing in
terest, and of denominations not less than 81.
The Seventh Section of the original bill is
stricken out. The section modifying the in
dependent treasury law is omitted, and shall
be exempt from taxation, by or under State
or municipal authority, provided, there shall
be an outstanding of bonds, Treasury notes
and United States notes, at any time issued
under the provisions of this act, no greater
amount, altogether, than the sum of $780,
100000. . .s,. ..
The Secretary of the Treasury is sauthorized
to issue, on the credit of the United States,
four hundred million dollars, in Treasury
notes, payable at the pleasure of the U. S, or
at such time or times, not exceeding three
years from date, as may be found most bene-
ficial to the public interest, and bearing in
terest at a rate not exceeding 6 per cent per
annum, payable at the periods expressed on
the face of said Treasury notes and on cer;i-
ficates of indebtedness and deposit thereafter
issued shall be paid in lawful money.
The treasur- nstes thus issued to be CT
such denominations as the Secretary may di-
rect not l.ss than ten dollars, ard may be
disposed of at the best terms that can be ob-
tanned, or may he paid to any creditor of tie
United States willing to receive ,he SAM ut
par. These Treasury notes may he made a
legal tender to the same extent as United
States Treasury notes, for their face value
excluding interest; or they may be made ex
changeablc, under the rections prescribed
hv tho Sarraforv IF tho F,a.cury hv tho