Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1864-02-19
81 q j = r. 'll 1lff
d r1E5sszrE .H1LUH MI16, FEB. 10

EUH .ka76, feb. Is.
,.ffSu6g, ABHl pslse6 providsbs for T
ly6vsr6sr sst' otssidine from The 'Owness
d Rek, Island, ", pl.as to- erect ~
House proceeded 10 the consider tioc
Of sssslussou 10 ssSl the snsp'us gold in
Hooper sta'ed the amount Of
gold on hand Saturday, WAS nearly el9
900, 300. Estimstes show there win be
h the lst Of July about s37 100000.
TIE requirement TOR gold from now ill
the frst, TO make payu ent OF interest
on public debt, will be less than e24,-
000. 900, showing ~ access II stout $l2-
900 600, which may be sold.
NJ. Pend,eton. ~ . member Of the commit
Tee on ways and mesns differed in opinion With
the committes. The amount 10 be realized
would be small, snd offered but tile relief
The Secretary Of the Treasury now bss power
70 inv gold. and he pendIeto } would not trust
any officer Nth the power to sell gold thus
giving him the opportunity to raise or depress
the market at his own particular pleasure.
Mr.. Mallory, Of KY announced the fact that
the Secretary had not asked for this power.
Mr.. Pendet0n said in tn course of I ur
months we will have to pay as int rest more
thsu the amount Of gold on hand.
Mr. Brooks said, that by the public record,
gold is solemnly pledged to pay inte, est on the
| uublc debt 1t cannot be Diverted without
| violation Of fai b. IL remedy is sought fos
,eli. wing the treasury of its surplus gold let the
Iolv intege on the public debt be anticipated
| The President has The sword and, through the
Secretary Of the Treasury, the purse. lie
stands the impersonstion OF despotism II
| chooses to exercise the power Al the conclu-
.ion of his remarks, Mr.. Brooks earnestly ap-
ns.led 70 gentlemen to stand by the specie bi-
sic
M. Garfield adverted TO the resolution, say
inc that according to his estimates, there viii
be m the tr. asury, July lst next. So, 900 600
in gold. over aud above what Is required 10 pay
the interest on the public debt
| Mr. Boutwell,, Ut Massachusetts,, suggested
and supported an amendment h. desired to Of
fer. authorizing the Secretary Of the Treasury
to anticipate the payment IN old oil The ihte-
rest Oh the public debt at the rate Vi per
| cent.
Mr.. Fernando Wood said the resolution was
only for a temporary purpose, and he Was OPP
posed TO i. for the reason ,ha, gold was requir-
ed as the basis for sustaining the Government.
| He argued that no nation could live by borrow
ING and ~here the expenditures exceed the
, iucome the result would De bankruptcy, ruii
and liquidation.
Mr. Mason explained that the resolution onl,
proposed TO appropriate the surplus gold De
yond the wants of the government, aud did no
extend be, ond the sums requlredby law to pre-
serve the public faith, while it wa. true tn
rcs solution gave discretion to the Secretary q
> eel .ae gold il il WAS absolutely necessary
should be 30 done. lie should say that tn
Sc ret4ry had not observed all his ob igations
The bill establishing freedman's burea
was taken up without action.
Adjourned.
D SxsA,s-Mr Wilson, from the committe
/. of conferences on the part Of the Senate on ID
enrolment till made report VIII ch, after
partial reading was Or,lcred To be printed, an
l M dc the order for to morrow
j. The House provision for three hundred do
u lars commit .ton il agreed to, with provI-
TIM, il shall exempt ior no longer period tina
one year, aud that 1T the expiration vi tia
. time such person ellal again be liable to drat
X The bill ns reported also includes free color,
t, persons who NAV be drafted Ii provides th
=, such troops shall mot be assigned St,
troops. but shall be mustered in,o The servi
as IT, ) col re volunteers.
The District Of Columbia business will Gee
Nv the rest Of the day.
a. Mr.. Concys introduced the following joi
Y, rerolu,icn:
=. Be it enacted, &c. frs, that the provo
- nar-hal general is hereby directed to enl
such person as may desire TO enier the IA,
service of the United States, under such
=. rections as may be given by the Secretary
Ill War and the Secretary of the Navy; which I
r. listments shall &c credited to the appropria
district; provided, nevertheless, that inasmu
- as persons enlistiDg in the naval service
&c ceive prize munev, persons so enstng sh
" not be entitled to receive any bounty up
IN their enlistment
Second. That the President Of the Unit
f lie service requires, aaih6iil Judgment S the p,
10 transfer Of pc, SONS who have been employed
the service and are now enlisted in regimen
for land service, from snch regiments 10
J naval service, upon such terms and Accord
I to such rules and regulations as he may p
} scribe, provided that the number of transit
from army, company or regiment, shall not
l. SO great as TO reduce such company re
ment below the minimum OF strength requi,
by the regulations Of the military service a
nc provided further, that such sum as may ha
n been paid to persons SO transferred, rs bour
e, for enl'stment INTO the niilit ry service, sh
nj be transferred from the recruiting fund of
naval service to the credi, of the proper
preparation for the land service.
On motion Of Mr.. Crimes the follow
amendment was added Be it further resolve
a That there shall be paid to each enlisted al
of or ordinary seamen hereafter enlisted into
- naval service an advance of three months T
as a bounty, TO he refunded to the treas,
he from any prz none, TO which such sean
may be ent lied. The joint resolution
ed amended YVES adopted.
oil The Senate went into executive session a
:. shortly after adjourned.