Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1863-12-31
i SHERMAN nisalway. unpleasant and invidou,


was consideration yesterday need not be and rooa
bly, will not be passed FIR ting BY this resolution
need not appropriate $50 900 600 but we egaze he
Of the Secretary o War OF last October aud
wa autbogs the payment Of BIOS 900 In bountes,
$6 600 600 in premuss and oher Incidental expenses
Now, tell Senators seriously that it is iu oslbe 70
raise this of mohey within the time contemplated by
this sch 1t is easy for US to appropriate the money
may appropriate 800 000 900; and Senator's seam 70
Thick that is the cheapest and bert way; but wsn TO
call their attention to the difficulty, under the circum-
tances by which surrounded of raising tb money
Suppose you pledge the Government to pay ths large
bounty what theol You may make the pledge; put
suppose the money is hand at the time the pledge
be redesed what then bee mes Of the credit OF the
GOVERNMENT Is it safe or is it right for us TO put these
serious bu rdens on the Government 40 nos my
opinions alone this subjects speak the opinions OF those
better than the condition OF our financial system
say Senators that if they contemplate raising an army
f three hundred thousand M by the payment o. national
b0un Of the Treasury OF tho Unit States under
eysfem proposed yesterday cannot pay the money
ard We shn induce men to armies under falee
W. %sas as w g s s spS paynsa ass
10 large sum Of money without providing any mode
lof snxaon, cay is impossible
AGrFEsSENDEN. Pat proyso there.
fssAsrg SHERMAN. You may do that So far as the
tie Government to those who have enlisted under
fsNh of hat proclamston Is concerned 40 not see
vxsy Well how can avoid it, But if it is proposed tn
this system further and raise our armies by national
bountes say that shall meet with financial difficulties
aud shall make pledge that we cannot redeem ana
l. for cne prefer choose the unpopular attitude OF
opposing these national bounte at the outset rathrr than
to deceive any class of men by promising what fear we
shall not be able to perform
Mr. JOHNSON / eIfor the purpeee of inquring of
the chairman of the Committee Military Afairs whe
her the uon it stands approprating $2OOOO OOU
not lot, nded it from the House Of Repre
sentatIves to pay what a called the premium Il Is
in many words as understand It, The aggregate
the premup have understood would be about iiK
million dollars and if strike out the premium we have
$4,000 900 more for bnunties than are necessary
Mr. WILSON will cay in regard to this sum OF money
thst it suggested that we should appropriate
$50 900 000 and the bill had up yesterday was orig
nay prepared for $50 900 00 1t thought that would
cessary the but further CONSUL alton
with the Secretary of War and other persons 10 Tas
thought best put the at 5000 000 which is pro-
dSd for in the third section OF the bill which was under
consideration yesterday:
That Oo0 Co., o much thereof may 10
be and he me hereby appropriated out OF any
money The Treasury otherwise appropriated in pay
ment of tbs bounes and premiums by this act
We can amend it so as to make il read, that
SEQ 100000, 80 much thereof as msy De necessary
shall be used for the purpose OF paying bouDties
Mr.. JOHNsOF u would avoid the difficulty if those
words in
Mr.. FEsSENDEN. wish TO make a suggestion
think the Qneston made by the Senator from Ohio ought
to be met, and met here at / fully all
that be he's said propose if the amendment which has
be adopted hope it will be to another amend
mept to add proviso TO the section
The proyso offered by Mr.. FEssENDEN is in the fol
lowing Words
Propided, That bonntie, except such pro-
9Th day of January next
The frst question was on agreeing to this amendment
to the amendment
MI @SysS 2 ' ssFh9s @u. aas
The VICE PRESIDENT said that no further amend
ment in order at that time.
Mr. FEsSENDEN. The proposition Of the Senator
from New York brings back to the question whethfr
prepared 10 say that viii pay lOO 100000 for
bounes, shall probably have 20 40 II We extend the
time to February and II 20, where TO raise the
money to discharge obligations will only say TO the
Senate that il propose TO go in that way we shall
iuvove Treasury in dcues from which it viii be
impossible to extrIcatc IT. That s my Judgment.
Mr. HARRIS Mr. President, see that the chairman
Of the CoInDittee Finance aud her members OF that
committee, alarmed, aud have no doubt they are
sincerely alarmed with reference to tbs means Of paying
these bouuties But sir, II to that rp
pfosehing point where we may well look the thing
squarey in The face The question is, whether we shall
dispense with recrGtlgl whether sball say 10 the
three years men whose times are hbout expiring, Eve
cannot give yea h- bounty promised in the proclamation
Of the 18th Of Octoberi must arrest all volunteering
must say to the country and the world, We have not
the means to pay bounties any more must rely
trey upon dratng !" for that the object Of this propo
siicn. As Congress passes it, il understand its
feet, it immediately arrests all volunteering. Are We
preparedo sy that to the country do not understand
finances very well but in my Judgment, the cheapest
mode Of raising army will be by ooruties.
We all agree that must have array replepished
must have large portion of these three hundred thou
sand men, and ought TO have them, within the next
sixty daye. Sir, get them by going on with this
going rapidly in most ports OF tie country and If can
bo continued even until the 2d Of February, we shall get
very respectable army but If arrest jt now, and
turn the Government to the system Of drafting, Wa
know from experience that have little to expect for
ssvers months at any rate from that We may as
well look this question in the face III we have not The
aud cannot raise the for paying bounes to
enlisted soldiers let 10 the country and stop re-
crung but depend upon IL army is not to oe hled
up in time for the spring campaign by draft am 10
favor Of going with recruiting We have just got well
started with that system. Let 1t go on lQr thirty days
more aud let repensh armies. have no doubt
myself but what the be obtained for paying
these bOuHties
Mr.. SHERMAN. Mr.. President if this was simply
question to which the cheaper mode OF raj ing an
army might sgree with the Senator from New YORK
rsss soldiers by the pay
men o large bounties but that Is not the question The
question ia, whether probably able to raise the
money we pledge by this law. What means are IN the
hands II the Secretary Of the Treasury He has no
authority to ssue auy greenbacks they called
That authority is limited to the $500 600 now out
standing Indeed IL be had the authority 1t would not
be wise to it, for the simple that larger
nstOn of currency would iend 10 raise prices and
Increase the expenses Of the The experience of The
rebels aud the experience If all naons show that it s un
wise to increase the national circulation or increase the
nationa debt in the form OF circulation. The only way
then TO rase this money by borrowing, by selling
bopds in the market Experience has shown that only
certain ayount Of those bonds be sold No security
can possibly b. better tben what s called the FIVE twenty
van IL is loan that is and every feels that
s ultimate payment the as dollsr and the last cent is
secured We psy sx per cent interest In gold upon it
Yields large return to those who invest in it, aud yet
In .t oan the favOIabe could possibly issue,