Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1863-02-27
FROnTWAsHnNCrnN-
WASHINGTON. Fab 26

WASHINGTON, Feb. 26.
| Senator Wilson, of Massachusetts to-dav
introduced a substitute for the House bill
to raise additional soldiers. It provides
for mastering in, enrolling and organizing.
by the commanding officers in the several
departments, Of as many Africans, hber-
ated by certain laws, by the President s
Proclamation, or by any other loyal and
competent authority, exercised in the sup
preston Of the rebellion, as the President
shall from time to time deem necessary
to be armed, equipped and mustered into
the service Of the United States. TO serve
during the war. 1t contains q proyiso
that no persod Of African descent shall be
appointed to exercise authority over white
officers, soldiers, or men in the army or
navy.
1t is now stated that the Secretary Of the
Treasury is authorized to borrow from time
to time on the credit Of the United States.
a sum not exceeding $780, 100000, for the
current fiscal year 100000, 900 for the
next fiscal year, and to issue therefor cou-
pom or registered bonds, payable at the
pleasure Of the Government after such ne
riods as may be fixed by the Secretary
not more than forty years from date, in coin,
and in such denomination not less
than fifty dollars, as he may deem
expedient, bearing interest at a rate
rate not exceeding 6 per cent. per an
mum, payable in not exceeding 800 an
nually, and on sll other bonds semi-annu-
ally In coin; and he may, in his discretion.
dispose Of such bonds at any time. upon
such terms as he may deem most advisa-
bic, for lawful money of the United States
or for any Of the certificates Of indebted
ness or deposit that may at any time be
unpaid, or for any of the Treasury notes
heretofore issued or that may be issued un-
der the provisions of this act, all bonds.
Treasury notes, United States notes.
issued under the provisions Of this act.
shall be exempt from taxation by or un-
der the State or municipal authority. pro-
vided there shall be 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 nine hundred million dollars.
The Secretary of the Treasury is author
lied to issue on thesUnited States S4OO-
100000 Treasury notes, payable at the pleas
ure ofthe United States, or at such time or
times not exceeding three years from date,
as may be found most beneficial to the public
interest," and bearing interest at rate
not exceeding six per cent. per annum,
payable at the period expressed on the
face Of said Treasury notes, and the inter-
est on said Treasury notes and on certif-
Gates of Indebtedness and deposit there
after issued shall be paid in lawful money;
tho Treasury notes thus issued to be of such
denomination as the Secretary may direct
not less than Sl0-snd may be disposed
of on the best terms that can be obtained,
or to any creditor in the United
States willing to receive the same at par.
These Treasury notes may be made legal
tender to the same extent as the United
States Treasury notes for their face value,
excluding interest, or they may be made
exehangesble under the regulations pre-
scribed by the Secretary Of the Treasury,
by the holder thereof, at the Treasury in
Washington, or the office Of any western
Treasurer or depository designated for
that purpose, for United States notes equal
in amount to the Treasury notes offered
for exchange, together with the interest ac-
crued thereon and due at the date of interest
payment next preceding such exchange;
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 cancelled and destroyed
as the Secretary may direct. in order to
secure certain and prompt exchanges Of
United States notes for treasury notes,
when required as above provided, the Sec
retary shall have power to issue United
States notes to the amount Of one
hundred and fifty million dollars,
which may be used if necessary
for such exchanges /; but no part of the
United States notes authorized by this
section shall be issued for or applied to
any other purpose than said exchanges
and wherever any amount shall have been
50 issued and applied, the same shall be
replaced as soon as practicable from the
sales of the Treasury notes for the United
States notes. The Secretary is authorized,
if required by the exigencies of the pub
lie service for the payment of the Army
and Navy and other creditors Of the Gov
ernment, to issue, on the credit Of the Gov
ernment, S15O,OO0OOO United States
notes, including the amount Of such notes
heretofore authorized by Joint resolution
passed in January last, not bearing inter-
est, and of denominations not less than
1ne dollar.
The 7th-sectiOn of the original bill is
stricken out. The section modifying the
Treasury law is omitted.
The Legislature Of Minnesota, in a res
,lution presented to the Senate in view Of
he herrOrs of the late Indian warfare asks
Congress to extend the provisions Of the
pension act to the survivors of the mur-
Tered, and to the mutilsted and crippled.
Kansas, through a resolution Of her Legis-
ature submitted to the Senate to-day, asks
he United States to assume and pay the
Kansas territorial debt.
Major General Mcdowell was to-day
,rdsred to Cairo to serve as President Of
he court martial or Court Of Inquiry,
,rdered to assemble there for the trial Of
hose officers accused Of improperly spec
Hating in cotton.
The Star saysa large force of rebel cavalry
crossed the Rappahannoek last
light at Kelly Ford, q few miles below Rap
Station. Their movements from
hat point indicated raid upon our forces |
omewhere in the vicinity Of Stafford c. /
/. Persons who came into our lines yes
erday represent that a considerable force /
5 now at Warrenton, while others say that |
aokson, with some force, has gone up the
ALLEY to Strasburg.
SENATOR ELECTED.
TRENTON, N. J., Feb. 26.
VIM. Wright, Democrat, Of Essex, was