New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-01-16
UOUsT OF REPRESENTATIVES,.

TIE iiENTLHs TKoM NORTH CAROLINA.
Mr. CLEMENTS (un., Tenls) r.esea'el the
q. Representative under us certificate Of Gov.
Mr. DAWES rep, 9fss-) presented tie protect
Of "a iri6s houry & ster agolass his admission.
! botn l0ptrs were referred % tie ConInittae on
/ Elooiicns
COMMITTEE or TIE WHOLE.
/ The Louse went toto Committee .; he Whole on
the LiN to provide ways ana IaeGns TO support the
q, rcr;mc't.
Mr. ELIJAH WARD Dom, n. " remarked
that vino DC haG li,ed ile GOvefImert with reed
lul srprlss Of money md men, he had been uE- 10
/ 70 prsyo-t careless cSptu4i UTs of tue money sHa
tie needles r1criice Of To Ien. His vote had
been ineu.Ec.ens 10 avert tLe fystsm Of finance
Known a. egiieuder; bpt be trusted tat the re-
suits oi experience would Prevent tie increased is-
suc Vi this fictitious money. lie cceply Regretted
ibA. he dark euic.aa which Lad coe 60 mgeA O.
S.a Hvcq, rnouid bave Ia 20 mauy as,.ay
from tie principles Of financial tcongmy The,
There Qrigclpics ,uti cd Ou our obedience - t1en,
sud 0ul not yi.d ID he G-d0r Of our tlte Or ibe
force OF our eLSctue..;s. They were % inpeia.ive
IL their q ecaiors the laws Of arithmetic srayi-
tattoo. lie comba; ed "a detoii nauy Of he osi-
uous iascL by tho Secretary OF tho Treasury. and By
Mes Ie. St5vcns and SparijpR, slo"iUg he eiccte
Of egl tender or al cGsses OK f0cey, ia pressGre
r;on credit 'ts ond mechP +, and ecsily upoa d.
ICeitors o " Csb nks aud y3rgous having Fixed AL
sTys-apd;ers, ,.ilyTs, and teeLLge iaoOii osgs
Tsaaiion GLd rtolcr methods OF failing nouey bad
been tVoiCe1 by the navy IN yOWer because they
Wo~il a7s 5Iousi - people early - calal rSA,c-
,4Oa, ird bon sverse 10 ibgfe wAo were unwilling
to eGrGs the pregt AID difficult problem Of re
, 10 Le glaJua AID sn.ehoraulg intGenc 3
q 'me, y Will: s P{S;ilsn &c .., VOL y
$50 president Hat Ia vain urged upon bis parry
aud ,hG ,oaU ~, and fei'enlet 10 woiGs: Sop
/ p1sc yor 10 WAR yog C4uuof Estt alv by, aus
wien 4tter much loes en- botl ,!ir., 5nG 10 gan o.
either. you cease fn'iog, tho iotlt.cl questions "a
/ 20 toros OF inteltorIfe are aga.3 upon y1u." H.
conciu io2, alter ssgfestig ,ariogs methods Of
} I1.t! 1T. Nert cGircfeed co,.ia 10 see "a COM
mi.aioc appointed Cooperation with the Secfc' iry
oi the Treasury % inGuir. into tie bet r-tnti o.
gnau5icy huaodo difficulties, calling ucjorr IT.
! vi l0u, distinction Of I9ry, tbe Wisesl lid NOS:
d.siin. Me Cd osile's ard commercial Een oi "a
Iri.Ice, tlus avoiding lie ociuDi and p.da.itel
I. diiarutt 10 o, rora'e IRON private c,nierenccs.
Nj. WALKER Nep., hassl examined tha BIZ
uICer cODi.Gsu,Ion. Inc au..O i'y gwen 90 TIE
Secretary OF tMs Iieascry 10 borrow mrc hlndud
millions Nes legitimate mode q IaiNHg routY,
but lie elected t.al the bonds were nj ~ lie SOL
1T lees dan psr. Th, Cove fnment should cone
Iuio tie martc; lie ary other borrower,
aud gane poaey On tho test terms il
could. lie regarded iEe lYmtnt o. l1'eies'
10 colo Eros. mistake. Ec was unVii'p.
/
mcut b On.d not IecogIlLe t@O standards Of value.
/ lie critically Examined The subject OF france gen
eIa'ly. A. 10 The Tx proposed on bank notes, &c
Z would duiend tue sec. on that the Annual tax
glouid b. Fix per Centum. This would place tie
currency ~ sbe hunds Of tire Government, vlich
could iien regulate both Ia quantity aud quality.
Mr.. NOkkiLL (F..l wired " know how The
! Government could get Cd without tie ioyai bake.
! Dir WALKER replied that thoy never had, an
def toe COautatiou e right TO Issue such curiency
or bills OF credit. In oouclls.On no spoke OF the
ability and integrity o. the Secretary OF the Treas'
uly, IN whom the country had the greatest cOLLa-
dencc. Let us sustain Inn,
Mr.. BiDDLE Dom, Pa briefly cOntrovetsd
the view OF MIR. WALKER that the Government had
the night TO suppress the circulation Of bank notes.
he cited judicial decisions in suppor. Of his position,
maintaining That taxation for revenue should not
GETTY WIN u Tue extinction Of what was taxed.
ME- GUHLEf (kep., Ohio) said, other things
being equal, tte Governuent engaged in warfare
lat can raise the largest amount Of money must ia
The end triumph. Bpt what 10 money Strictly
epeaking, gold and gilver-poihine else. Paper
stamped aud issued US money in large or snnll
quautkes Is valued at last by tho coin Il commands
10 the tarket. IL may te based upon public credit.
But EVEN that credit is in TO wise indeDendent q,
gold nud silver. What then? Shsn We nticrunt On
cdny o. Ma h. tie uss Of those aloue2 Ihr,e il
no slol . 80 81. t4e bauLs OF tho io,a al States j.,
al tie pC'Ltis Of 10 loyal people, 10 reel The ex
penses oi tle government Tor Jour month. None
OF tho modera nations have wsged a war Of seyera,
years c1sali0a, On large SCALE by using slvsr and