, 1864-06-24


eyer, was injured; the other has been sent to
Cairo.
Our loss Ia small, one man only being
wounded, 1t is thought, MORALLY.
CONGRESSIONAL.
WASHINGTON, Thursday, Jane %.
SENATE,
M. COtLAMER, Of Vt., reported the House
olH TO establish certain post roads, which
ii lii: wilson, Of nass.. from the Military
milton Of certaln officers Of the army, and re-
commended concurrence In the amendment
OF the Ho1lse, which Wss agreed to.
Mr.. WILSON, from the same committee,
reported . bill to amend the act to provide
for the payment for horses and other prop
eEty destoYed in the military service Of the
United 8tstes, which Was passed.
Mr.: SHERMAN, Of Ohio, reported the
Honse bin to amend the act providing ,or the
deficiency in the pay of officers and men In
the Western department. Of Missouri.
Iii. POWELL, of Kentucky. offered res
olnt1on Of inquiry as to the suppression Of
tucky by m,litaly ; order. The resolution was
ordered to be printed.
The Honse bill to repeal the fugitive slave
law was then taken up ID unfinished busi-
Nj. DAVIS, of Kentucky, addressed the
Senate ct length IL opposition to the bill.
:2he bill rep ealing the Fugitive Slave law
pussed bJ e against IL.
hI: HOWARD, Of Michigan, then called
up the motion to reconsider the vote by
which the bill preventing military lnterfe-
rence in elections ssas passed yesterday.
This will occupy the attention Of the Sen
ate until the recess at 4 90 o'clock. 4
HOUSE.
WAsyYHcrnv Thrradev 1uro ~ 1894
The House passed the Senate Bill amenda-
tory Of the law Of March, 1855, which extends
the time within which patentees who have
neglected II may pay the final balance fees
within ak months from the passage Of this
act to sfcure their patents.
instructlug the Committee on Military AZ
fairs to inquire into the expediency and pro-
priety Of reporting bill giving to soldiers
who volunteered for less than three years.
and not less than nine months, the same
bounty a. is allowed by existing laws, &c
This refers to those who have died or may
die IN the line Of eerv1ce:
Mr.. FENTON, Of Ne York, said the Com
mfttee was instructed to the same effect by
bis {Ecnton's) resolution two OF three weeks
ago, but he had no objection to the Commit
tee being again instructed, and he hoped it
| E.seea: wogld have good result The resolution
f1i3Sei lie House, in Committee of the Whole,
resumed the consideration Of the new loan
bill.
Mr.. BROOKS, OF New York, called atten-
ton to the fact that the bill provides one per
| cent for necessary expenses Of engraving.
printing, preparing and issuing the United
| and bonds, and Of disposing Of the same to
| subscribers and purchasers. He said only a
| few day ago four hundred and forty thousand
dollars were appropriated for similar
/ purposes, and as the whole amount to be
| printed under this bill was 3614, ,000, 900, the
| one per cent would make sum total Of over
+, COO, eco. It could be done for great deal
les. he himself would print the public
| money for one-tenth Of that GUN.
|; On motion Of Mr.. BROOKS, IN amend
lnent was made that the imprint Of the seat
| Of the Treasury Department shall be made
Mr. POMEROY, Of NY, offered the fol-
lowing as substitute for the second section
| of the bill:
That tie seereetary ct The Treasury may i.sue
dissemination not less than 500, payable in lawful
money taEee years from the date thereof and bear-
Ing Interest not exceeding per csntum per annum,
neeelve :. par therefor he lawful money Of the
United States, Treasury notes, certificates Of In
oeetednes,' orsst,lcates q aspeslt, issued anaer
of boze. aaihorized b. ii the ii dras 'Iurl and
| second sections OF thfs act, shall lesue at
iGcates Of deposit, or certificates OF Indebtedness
Of the United Statee bonds simf to those there.
lnbefoIe In tbia second section authorized. In d.
ration similar t. those authorized By the arst sec
ton. aud payable I've years from date, with inte
Eett At s1x pr ccntuu. Ind tho Secretary Of the
Treasury is further authorized to issae ID lieu Of
eng boDdn hereafter authorized bY loan, and not
now issued in pu1su1uce thereof bonds similar and
oftEe denomination heIehy authorized. AL Tres.
cesTe to be- legal lender in tho payment public
Or private. Indebtedness And after the first dsy
of October. 1894, and no Treasury notes made
legal ttnder other than United States notes shall
hereafter be Issucd or ze-iesued; nor shall the
be isEued, ever exceed stco. .roa.0o0 and such i'd
temporarily required for thefedemption Of a lem
Mr. PoMERoY said that the present np-
probation upon gold is not the result OF
speculation, and Is not to be obviatcd By
practice as well as in theory, to the policy Of
! gold values established in 1862. WITH the
! amount of paper money in circulation, tue
Issuing OF tn1erest-bearing notes would add
| nothing to the aggregate value Of paper
| money, and cou1d only work mischief The
House policy Of 1863, Of adhering to gold
advocated By the Chairman Of the Commit
| tee on Nuys aud Means (Mr Stevens,
! of Pa, adopted, namely, repudiating the
payment Of interest in gold, and relying
entirely upon the issue OF Government pa
per. The effect Of the present Imitation must
soon become seen to the masses of the pco-
pic. The futa1 mistake of The Secretary Of
tic Treasury was in abandoning the popular
Six per cent SO loau, and attempting to
float five Per cent bond, and upon Its tai1-
ure, resortingsto inlerest-bearins legal teu-
der, and on the part Of Congress not speed
ily supplying m efficient system Of taxa-
tion. 1t'was, however, still possible BY id
herring to correct natural la~s to restore
the credit Of the country to healthy CON
Mr.. STEVENS, of Pa, said he could not
agree with the majority Of the Committee of
substitute for the first ssctian Of the bill.
stitute Of Sfr. POMEROY for the second
section Of the bill, az given above, Was
adopted, by yeas IS, nays 49,
ltr. STEVENS, while advocating the
the rise in gold to gambling are poor states
men. Tnstead OF paesiug the gold bill to re-
strain epeculatlons, it would be better to
take away the demand for gold; for no bill
could reduce 1t cent The Secretary Of the
Treasury had said, In his wisdom, that the
the Courts IN three States bad not 80 deciaed-
hr: SPAULDING, Of Ohio, briefly
replied to Mr: Pomeroy, stating that the
Committee Of Ways and Means had fpithfally
performed their duty In providing the bills
necessary for revenue, and then expressed
the opinion that all the troublo oross from
the extraordinary demand for gold, for gold
is not now currency. Iu 1SG3, the banks fail
ing to loan the Government money; we were
driven to tue necessity of issuiny legal ten
detB. No system syer worked better In this
or any other country, and he supposed that
specie payments would not be resumed for
ten years to come.
During the great Nnpoleonlc war the bank,
Of England suspended specie paymentsfrom
l;9; to 1929. Whoever looks for more
speedy resumption in this country WAS, In
his Judgment, unWise and studied history
to tut little profit. H. deprecated the pre-
srnt policy Of paying the interest Of the
should continue with an increase Of debt
the Government would fail It was fatal
policy, which rests like an incubus upon us,
and gold wou1l continue to 60 up, IS he
long ago. predicted, until the Gorernment
cannot procure the coin. It was to saTe the
country FROM reputation that he then ex-
plaiucd the character Of the amendment,
which was to authorize the horro ring Of
s4CO. .000, eco, and to issue therefor coupon or
registered bonds Of the United States. re-
deemable at the pleasure Of the Government
after any period not lees than five nor more
than forty years, and If deemed expcdient,
made payable at any period not more than
twenty years from date, payable in cola.
Such bonds are to be of such denominations
ae the Secretary Of the Treasury shall direct,
not less than $50, and bear an annul inter
est not exceeding eight per cent, payable
seni.annual]y In currency.
After considerable debate, the Committee
Of the Whole acted on and agreed to Mr
Stevens substitute for the final section, area
-, nnys 81.
The House, however, ut = subsequent stage
Of the proceedings, refused to concur in the