, 1863-02-28
FROM WASHINGTON.
Matters Congressional and Mil
itary.
Important Currency Features
Mr.. Chase's Full Discretionary
Powers.

that substantially everything is placed in Mr..
Chase's hands. He carried his point fullyas
to the legal tenders, there being liternlly but
fifty millions more authorized, on which num-
bcr all parties had long ago agreed. There
arc but two hundred millions Of currency. He
is bound to issue fifty millions legal tenders,
fifty millions Of postal currency, and the hun
d1ed millions legal tenders voted some time
ago to pay the army. lie has power, if he so
chooses, to throw into circulation seven hun
dred millions more, as follows:
Four hundred millions interest bearing
Treasury notes, which he may make convert
ible, and for the redemption Of which he nav
provide . reserve fund Of further legal ten
ders, and tue three hundred millions bonds
authorized in the National Banking bill and
to he used rs the basis for at least that much
moro currency. Tie immediate result Of this
state Of affairs must be further imitation. The
subsequent effect must depend largely upon
the disclosures rs to Chase's intentions about
the extent to which he will use the discrc-
tionary power placed in his hands.
The House has just voted to tax banks three
per cent. on their profits, " here they hare
avoided the previous tax by declaring no div
1dend.
The President has said to-day that Gurlcy
Is certain to be Governor of Arizona, If it
shall be found that 1t is possible to appoint
him for an Office created during his term IS
Congressman.
The Senate to-day refused to take up the
Bankrupt bill By large vote That proba-
bly, kills It for this Congress.
The President sent the following additional
nominations to the Senate today: Paymaster
-Wm. Phelps and Walter Crane, of Suchi-
gan; Sub Quartcrmasters-J E. Shaw and
II. G. Baker Of Missouri; Commissary-Leyl
Ruggle of Missouri.
The Conscription bill was informally post
poned in the Senate till tomorrow, ut the re.
quest ofthe Copperheads, who promised not
ITO hllibuster, saying that they only desired to
make few brief speeches in opposition,
which they did not have opportunity to make
when the bill was originally under cousidera-
tion.
In the Senate tic President has nominated
Witbey as District Judge for tho Western
District Of Michigan, under tic bill just
passed, dividing the State.
Acting Master Henry Wilson, of the Ouch
css, belonging to the Gulf Squadron, has re.
signed, in order to serve as Major General of
Ohio militia
| Admiral Porter gives instructions to the
| Captain Of the Indianola to visit the planta-
| tion Of jeff. Davis and Brother Joe, and carry
| of all tho cotton and male negroes he could
lay his hands upon.
s,+v I7
Wilson to-day which provides that existing
laws relating to the pay Of volunteers and
| militia be so construed us to allow payments
| to commence as follows: Enlisted men from
| the date Of their individual enrolment or cn-
listment, and to commissioned officers from
the date from which they arc mustered into
| service, the day Of entering on actlyc duty, if
field or proper order to TINT effect or date Of
| organization Of their respective companies or
! regiments in the manner prescribed By general
orders Of thcWar Department, whichever Of
| these dates shall in point Of time soonest
| occur, and that all recruits and enlisted men
either in the regular army or volunteer ser
vice OF the United States who have have re-
ceiVed or shall be entitled to receive advance
bounty Of twenty-five dollars shall not forfeit
tho same unless discharged or under sentence
| Of general court martial by orders by way Of
punishment or In consequence Of fraud on
the part Of the soldier. This materially in
creascs the pay of many soldiers, and docs
away with the injustice Of keeping troops in
camp without pay 20 long as the regiment is
| not made up.
| SECOND DISPATCH.
| Especial Dispatch to the ChIeago Tribunc.]
| WAEH1SaroS, Feb. q, 1883.
| The second Conference Committee on the
Ways aud Means bill, consisting Of Senators
Sherman, Calla1ner and Harding, and Repre-
scntativcs Washburnc, Spaulding and DAVIS,
after two meetings filled to agree on the bank
taxing section. Sherman, Harding and
Washburne united on two per cent. after two
years. Callamcr, Davis and Spaulding refused,
but would agree to one-cighth Of one per cent
on deposit over average circulation, besides one
per cent. on circulation, nothing more. The
Committee reported the disagreement
Mr.. Washburne moved to rccede from the
disagreement to the Senate amendment, argu-
ing the importance Of taxing banks, and
showing The danger Of the failure of the
bill.
Mr. Dawes opposed and Colfax supported
Tashburnc.
Thomas Of Mass. followed in opposition, At.
guing that the responsibility Of the failure o1
the measure must rest with the Senate, the
revenue measures being the province of the
House, and that the provision was intended
to destroy the banks, whose usefulness he
maintained.
The previous question being called, yes
and nay vote on Mr. Washburne's motion to
rccedc, stood So yeas to Is nays.
L new Committee was ordered On motor
Of Mr.. Dawes. 1t consists Of Dawes, Fcnton
and Maynard The two former take the Houst
I view, the latter the Senate view,
THIRD DISPATCH.
Especial Dispatch to the Chicago Tribune.]
WASHINGTON, Feb -, 1868.
, The bill making amendments to the tax lau
is in some danger, having been reported &c
near The end Of the session, and the uouss
having, since then, spent so much time dis
cussing it. The Secretary Of the Treasur!
transmitted to-day supplementary letter an
swerlng the senate's resolution about the i'm
portation Of paper under the act Of March
1861. he says that additional reports hay
l QEcu EeCC4fc0 HULL lQE NOucCL0IB 01 NGF
4 York and Boston, from which It appears thu
Z there LAS been no importation Of printin!
l. paper whatever at either Of the places sine
!, the passage Of the act above named. No bet
: ter argument for lowering the duty could pos
l. sibly be presented, but Morrill,, who is said t.
O be a shareholder in paper mill. stands in th
e way.
l. The friends of Isaac Y. Fowler, the default
!, ing Post Master Of New York, have solicitc
:. his pardon. The Attorney General is review
d ing thotacts for the Presidents consideration
d The passage OF the Missouri Emancipatlo
i. bill, in any shape, becomes exceedingly doubI
= full. Disputes arise as TO the reason for 1t
it probable fi1ure. Senators who though
r. Nocn's ten million bill good enough
e say they warned Henderson in amp}
o season Of the danger Of defeating IN
+ bill BY pressing his against Noelr'
Others say the whole fault Is with the Sc.
le ate in cautiously putting the direct appe1p1