The New York herald., 1863-01-13

measures of will put end % these
Resolved r AZ 40 d tails preansir resolution be
Ire so % hat q arc ofsr sssa i In may & ss % ,sss
which under HI personal obs aIion and auihort
Mi SANrsL l. tgsSg>nES, lrea,D Of Ne moved ~ lay
tine u esuh and le-olulin s IN the table
Moti carried BY ayes ts LAYS ~
RNn N sL'sfs OWNERS
Mr. May then offered resolution which objected
TO- sea- lng flh that Coone Swain aud hi officers had
entice CERTAIN legToes om ,iles county, Maryland In
yol ton II the laws u Mary land aud Of
these United states AMI requesting the President 10 cause
the to be investigated ~ order that the said 40.
Quoted may berestoed 70 their owners Sc., and
thai the Cmitiee on The Judiciary report what egsa-
tion 10 necessary In the premises.
EMANCIPATION OF SLAVES IN MAINLAND.
On motion Of Mr. Thomas, (Cnion) of Nd. the Select
Committee on Emancipation was instructed 10 inquire
into the expedency Of making an Appropriation 70 and
Maryland in system OF emancipation and colonization Of
persons Of color In that state.
nANcPAIIoN IN WEST VIRGINIA.
On motion Of Mr.. Bnowx, (Union) OF W. Va, the same
committee similarly instructed with reference - the
bin TO aid the State Of West Virginia in the emancipation
ON motion OF Mr. ALlxy the Committee on the Conduct
OF the War was instructed inquire what rules
restrictions trade TO portions Of the country now IN
military occupancy whether any officers are engaged
TUE NATIONAL uxANcEs-
TAe House then went into Committee Of the Whole On
the bill to provide ways and for the support Of the
government.
Mr. STEVENS offered his substitute for the bill Of the
Committee OF Ways and Means heretofore published.
sPIEH NR. sPAUIuNG.
Mr.. SPAuLpRo, (rep.) Of N Y, said:-Ar. Chairman
The immediate requirements the Treasury not less
than 500 000 Before you pass this bill through
both houses have approved by tho President and get
bonds and notes engraved printed and issued at least
$50 900 will be required. The pressing demands
upon Treasury between this and the fret Of next
month"; for the pay soldiers and other creditors,
be put down $3.50 600 The gold and silver In tho
banks New York; Boston and Philadelphia the nrst OF
this month probably did not exceed $50 to which
you may add the gold and silver in all other banks in all
the loyal States will appear In official reports to the
1st Of January ss3 and the whole will not exceed
ss7 OoO All this coin is necessary for the banks to
take Of their liabilities but II the Secre
tay OF the Treasury could the credit Of the govern
ment By sale Of bonds at any sacrifice by the aid
country, and 6y force force compel ali this coin to bo
paid the Treasury IT would not fifty cents on tho
dollar Of the demands due from tho government and
which ought be paid In tho next twenty days. 1t Is,
therefore. perfectly plain that the small sum Of
$3.50 900 600 due cannot be paid in gold II would
be great qualification to me, and doubt not to every
other loyal citizen, II II otherwise. II iS no fault
OF the Secretary OF Congress that gold cannot now DO
pa,d the soldiers and other creditors u is simply an
inpossibiy by any plan 70 get enough fer that pur
pose. There never was more pertinent application OF
the old maxip than when applied TO our present cond
ton when Ne cannot do as we would we must do as we
can'
have had strong desire to provide money, upon a
specie basis the support Of the army and navy dur
ing the pending struggle to preserve the constitution
and the national Union. would much prefer ~ pay gold
and silver u all the creditors OF the government During
the first six months Of the war in hopes that our
penditures might be kept within limits hatwOuld admit Of
such financial policy. believe that this was the ear
wish Of tho Secretary OF the Treasury and OF
member of the Committee Ways and Means But with
army field of from hundred thousand to
one million OF men, 70 De ied clonea aSa & paa ana a
active duty, IL was very soon that the coin IN
the country amounting only TO about $250O00, 600,
dollar held by the banks and the peoDe could have
been avaed of far too small to meet these large ex
pcndturcs We could not shut our eyes to the rasness
Of the debt that open before IL was
very de apparent that national debt would at
early day reach So 600 000elua TO half the debt
Of Great Br,anS and that II would be utterly impossible
TO make loans on specie basis fast enough to
enormors expenditures.
At the last session and after there had general
suspension Of specie payments by the banks and the go
venmcnt Congress authorized the issue Of $3.50 900
Of legal tender notes and by another law passed cw
600 900 also authorized; but tho Secretary
qucd hold In $50, 900 600 to meet any calls
Treasury We all hoped that this would be oil the legal
tender notes that would be necessary Congress also
thorzed the Secretary to borrow $500 o00 payable in
years rodeemablo at the pleasure OF the
after five years. bearing interest at the rate OF
per per annum payable halfyeary in coin, and
gave him authority TO sell them at any time eat the
further authorized tho nolder any .ender notes to
them at any e, at par into these six per cent
bonds.
The 6ecretary paid out nearly $3.50 600 900 legal
tender notes being all that ne was authorized TO ISSUE
months 10 sell $500 900 OF nvetwenty six per cent
bends at the market price he has only disposed Of about
f25 600 600 and has;st authority TO sell $45 900 At
the market price, aud take his pay for them in legal
tender notes. sss
One Of the why Of these bonds have no.
been disposed of is that has been redundancy Of
currency and has been dcult for the Secretary to get
esa lender notes sale q the bonds epd seven three
The War and Navy departments have almost unlimited
power debts for the supply OF the army and
The volume Of supplies and supply trains Tor your
olxl nnhA vAnd n
widely extended field OF military operations as that in
which several army corps are engaged no ono can
fail that II s next 10 impossible 10 estimate accu
raiely the amount be appropriated for year In ad
vance But Is painfully certain that with the present
army in the neld there is no way Of limiting the amount
expenditures when thoy arc actively operating 10 put
down 40 gigantic and desperate a rebellion
We know that tho lqudatcd and funded debt already
large, and that there is large accrued indebtedness
which ought 10 be rad at early day. but without any
adequate in the Treasury 10 pay It. There Is a
large amount duo soldiers that be paid the
earliest moment possible The soldiers now on the field
OF battle encamped In front OF the enemy, enduring
oil the peris and hardshpe Of war; many Of whom have
any longer. They hardly be expected to perform
their duties with aacry unless they are promptly paid,
especially when they know as many OF them do, that
their families at home IRE suffering Tor the OF tho
means OF hfe II is an imperative necessity that the
means for paying the army and navy should not be de-
money 10 ray the creditors Of the government by loan
ON ve twenty six per cent bonds at the market price,
other authority must be given him TO raise the money,
aud Congress ought confer that authority upon as
The time has arrived when our finances must
engage the earnest and united attention of all loyal
We we're in great peril last year
but our dangers are now twofod what they were
then. II very difficult last year 10 provide |
the money to meet tho large appropriations made
for the support Of the army and navy. It will |
be still dicut to meet the enlarged requirements
of the and the next 6aca year The Army bill
alone sppropratcs $3l 900 O00 which, added to the
estimates Of nil the other expenditures for the fiscal year
ending June 30, 1854, amount 10 the enormous OF
095 43 1883 &c. TO which must be added the amount s
required for appropriations and deficiency Of the year
ending June So 1863 and which, according to the report
Of the Secretary oi the Treasury amounted On the LIST Of
December 10 the Of $b5l 22 ,131 80 making the
whole aggregate required 10 meet appropriations during
the next eighteen months 81 $40 ,634.3i5 15
The fol owing statement will exhibit with degree
of accuracy the amount OF the expenditures and the prob
able Tor the current and next fiscal year, and
the probable amount OF appropriations that will not be
drawn al the close of the year
Tho Secretary Of the Treasury In his annual report
estimates the aggregate Of Appropriations required for all
purposes To carry on the government for year
namely, from July l., 1852, TO July l,
i'Oo--tO aJoS JJS,Its u
He estimates that thcro viii remain
u leaeau n atipne on he