The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1863-01-16

speech, said that the Government now re-
quired $4,000 900; and before the bill
could be passed into law, and the notes
which it authorized engraved, $50, 200, 900
additional will be required. The whole
amount of gold and silver in all the banks
of the loyal States, did not, on the first
day of January, exceed $751;, 100000. Even
if the Secretary of the Treasury could pro-
cure every dollar of this, it would not be
enough to pay five per cent. of the liabili-
ties of the Government. 1t was, therefore,
perfectly plain that even this compare
lively small sum of $50, 900, 900 could not
be piad in coin. 1t was no fault of the Sec
rotary or Congress. The coin cannot be
obtaind e; it was simply an impossibility.
There was no plan to get it. According
to the old maxim, IF we cannot do as we
would, we should do as we can" The
Secretary has issued out 250,000,000
legal tender notes. Although the Secre-
tary has authority to sell $4,000, 900 of 6
per cent bonds, he has only sold 5,OOO,-
900, leaving the remainder to be disposed
of at the market price. The reason why
the bonds had not been sold was because
there was no redundancy of currency.
Our soldiers in the field should be paid.
They cannot be expected to perform their
duty faithfully while they know their fam
lilies are almost starving for the means of
living. Imperative necessity requires that
payment to them should no longer he de-
layed. If the Secretary cannot raise the
money on the bonds, other authority
should be given him to meet the liabilities.
Our perils are twofold compared to those
of last year.
He then examined only the financial
condition, showing that SIT, 900, 900 were
required for the current service. He ar
gued to show that the money required
could not be obtained by loan, and hence
the necessity of passing the bill reported
from the Committee of Ways and Means
now under consideration The only hope
of success in any financial scheme was in
military success. After some further re-
marks the committee rose and the House
adjourned
WASHINGTON, January II.
limitations from Ohio are that Chase's
friends are still working for him as Sena-
tor, Notwithstanding his positive declina-
ton of the office
While speaking on arbitrary arrests, to-
day, Senator Wilkinson, of Minnesota,
charged Senator Salisbury, of Delaware,
with a monstrous falsehood in charging
Lincoln with want of interest of the coun-
try, and trying to make seceders strike the
first blow, and said, "The rebels had been
preparing two months before the inaugu-
ration, and the Senator knows it."
Mr.. Salisbury replied that he did not
deem it necessary to reply to the low sour
ility of a felon from Minnesota. a per-
sonal difficulty is rumored in consequence.
The Senate passed Fessenden's Finance
Bill authorizing fifty millions legal tender
The bill conforms nearly to Chases views.
Messrs. Mckee and Dunn got through
the resolution inquirng about the cost of
contrabands to the Government.
The Ways and Means committee oppose
the repeal of paper duty.
The duty will probably remain
Western Virginia is alive with negroes,
escaping North.
Reports are that the Government is
very much displeased at Gen. McCler-
nands retreat from Vicksburg.
The NAVY Department furnishes the
blockading squadron and cruisers with
names and descriptions of forty English
blockade runners, coming over from Eng
land.
Judge Campbell's agent replevined the
Judges property to-day, seized under the
ConfiscatiOn act
Attorney General Bates decides that all
seized property shall be turned over to
District Attorney Darlington, who will
proceed according to the Confscation act
General Martindale will obey the direc-
ton.
The Cincinnatians have memorialized
Congress to keep open the Balti more and
Ohio Railroad.
The general belief is that Porter will be
unanimously acquitted
The Star says McClernand is responsible
for the Vicksburg disaster, and intmates
his prompt dismissal.
WASHINGTON, Jan. r.
In the House to-day, Mr.. Orville Of Yer
mont said $9OO,OOO,O00 in paper were
| called for. If the war should last until
July, 1868, the entire amount will he need
ed. Great as is the amount, the price is
not too much to pay for liberty, and the
Union. Our best financiers, were our gen