The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-01-09

asltsssas 4 banks rne skin Of experts shA detectives
could not guard the public The oss by broksn bank
paper equal to ave per osot annua, and expert
proves they cannot b guarded against Tho loss ~
exchange In money the q brokers and
shsvsts cntais enormous annual loss 20 tho people
oss yso o. U0sa sa o
and silver. They eilectusIiy destroy al hoos OF .
National currency and defeat plain provls'0e q
shall emit bills OF credit. He stated the history
Of this clause. Bank bills were within ,ho mis-
between diroct Tissue OF bills o. credit by state and
their issue by corporation by State Treasury
neral authority they arc lsss easily coun.srfsi.ed they
may DO converted into the bonds Of tho United Sates
legal tender they are receivable In payment q ali
public dues RaIk notes have OF those qualities.
Thoy arc therefore kept IN active circulation while ne
United States notes boarded Although $3.50 900 QUO
OF United States notes have been issued and are a unit
versal credit they not accessible ~ currency ThS
circulation Of bank bills the process OF fundng
BY which alone the bonds OF the United States can be
absorbed by tho people. material increase Of United
value OF the United states ns,os and bank bills alike A
long bank bills in abundant circulation the superior
currency will not DO used Their withdrawal may DO
gradual and the vacuum DO filled by United States
notes This could DO done without affecting tho business
and Charters Of tho banks would s. remain Their Su.
snes would DO on tho same footing a. other business
they would DO relieved from the unpopulArity always
attached 70 exclusive privileges Tho withdrawal Of
their entire circulation would recall but wosevenths Of
their loans II would promote the sentiment Of nasional
great war involving the existence county properly
franchises and rights national debt dsbie
inseparabls While IL Is important not 10 dstrust
the measures OF individuals, Ia more important 70
crronn1 'nT @ our MA,
must DO controlled BY tho general authority. Every
effort should DO directed 70 naonslize tho whole peo
pie, by binding Them together with currency
and in II Ia only tho pride OF nationality
that win sustain In task which must be accomplish
States. declared that this country could not main.
tam long except BY the OF United States notcs
years He invoked the prudent this great power
and tho steady fortitado OF FREQ people, by which he
was entirely confident the national unity would be pre-
served. This groat roboion overcome, there
limit but the will Of the Almighty, 70 tho power and
every authority granted 70 Congress- for this end
TnR ARREST ANf DfscHARux o. sIArx rssoasns.
On motion Of Mr. sAuLssrRr loppl Of DOL the bin for
proceeded 70 address the Senate At length Ho declared
that partisan revenge had tho actions Of this
mnistration and the infamy OF Its acts would drag 10
with disgrace aown 70 future generations. This might DO
dcene4 harsh language but he claimed the right to
ought to fail unless tho government should mako that
righful which in the beginning was wrong-not that It
justification Tho raid Of John Brown, the liberty bills,
or the election OF Abraham Lincoln not the
Of n. war but , tn: assertion Of the right to abolish
dent had treated the subject with jocusr and criminal In
dicrence and when no came disguised TO the capital he
whispered no word Of hope to the mon who strug
Cling 10 make some peaceablo And after he
was nagated hc proceeded to place his friends In Office,
and manifested further about tho country except
to cndeavor to force the rebels TO strike the
arst blow. The constitution and Union might
crenaen compromise. Blu, the President refused to
listen and war oxsta not by act OF Congress- but by the
acts OF Beauregard and Abraham Lincoln Then the army
enlarged and all persons daring express any dis
satisfaction were Imprisoned In forts and basties Tho
70 the tyranncai acts Of this He con.
tended At length that the President had the right
10 suspend the writ OF habcas corpus that il never had
~ lns
this war. Quoting the acts OF the English Parliament aud
The p.ocssdnss q the G1 s wssa formed the
Of hts opinion he claimed that the of suspension
was vested aonc In Congress-. He beloved that u the
eighty years man would cit in the Presidential chair
who would suspend this writ and play the tyran. By
have the Union And yet tho President has had
the sudscy before men, and the temsry before Hsaven
United States and seize peaceful citizens, and Bas,ie
them IN distant parts Of The country And hear IL oyc
Asavsos Ana Svs ear ssrhI Inc paens ana .9ps
this exercise Of desrotis power SINCE the institution Of
sbe there never was such an assumption Of
ne Cod though iorss and Sasiiss 70 ny reward
WIN, 10 tho name Of my country and in behalf Of civil
S ssys" used thai s language
wisS disioya:y VINO dared 10 express lis ssnnen.s
He had some occasion 70 speak with feeling on this sub
hs duty 70 his state though shs earens fs Innocent
men 10 hs state had been arrested and he had mAdc APP
peaiD for them without eject. He would make no moro
opp&as but would say 70 thsm thst they must pro-
tee aud dessad against wrongui arrest For
tho Pretsnt sold the ngscrs even that ,hsy had this
spcs v,S ,hs laws OF the land and meet the ap.
provsi Of = righteous God. If they fell in such
dsssnss Of their y!sh.s they would would Leave
transmitted 70 future generations in the goriou.
catalogue Of those who brsvey died il the defence Of
sion amerc brta~ fS,pen, and the President might
Just well have issusd proclamation that tho rebels
should all be blind or lame. This proclamation commits
the government light for the extinction Of slavery and
the Southern States from coming back into the
Union "a IL was. The words q that proclamation would
toms and though the memory Of John Brown might die,
the memory Of the present Executive would. Hc
(sausbury) would say, let hostcs and an arms
tce BE- declared and lot the people meet in convention
and agree upon basis Of union for all tuo.
Mr.. ANTHONY (rcpl Of r. l., said tina: 10 the few re-
marks he proposed TO make hs should not follow
the honorable senator from Kentucky (Mr. Poweil)
W euogum OF that party which bad com
menced with Aaron Burr and ended with james
Buchanan and whose initial was an attempt 10
tho administration OF Washington, and whose
FINAL act to tamoy surrender tho liberties Of the
logical sequence Of the doctrines Of party The
chiefs Of that party at the south lighting against tho
government those al the NORTH they were voting against
a. and tho former did not conceal their Joy nj the vic
tories Of the latter lie would not disturb the rcpose OF
any Senator who fecated himself on the triumph OF
that party, AMI the OF such Davis Toomb,
wigfaI, Pryor, Bsrksdale and Hindman. lie claimed
that the arrested could DO rclcascd on taking the
oath Of allegiance and he knew n nothing better to repeat
Mr. Powrt,, (opp) or KY denied that they could DO
released.
The subject was postponed until, Monday and after an
executive session, the Senate adjourned
House OF Representatives.
WASHINGTON, Jan 9, 1883.
70 PROMOTE I'M EFFICIENCY cossIraRY DrrARrxEsr.
Mr. wisHBrnys rep) Of H., introduced bill TO pro.