New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-03-16

lamentations came down This would soon relieve the
pressure II there surplus OF gold et the Scrs
tary seek and pay hopeft creditors WIN IL me J
would be wholly Intellectual In fixing the prioo OF go
The Secretary Of the Treasury was The best man thas
could be put in the place he occupied 6ut as ne conu
not ndis idualy effect the sale o the gcd the speou
tors privately ginning knowledge or the time When IL
woulI take place through an agent wcuid De enaDeu
10 profit at the expense Of tho Government 10 pass
this bill would be disgrace IL would De reputation
Nj MORRIS Qp, y. " did not profess To Under
stand everything relating 20 finance, and hence he de-
frred to the .nt Of those who had fun knowledge
Of the subject. The Secretary OF tho treasury had
reputation for skin acutencss PATRIOTISM ana abihty
for conducting the financial affairs OF the cOunry ahd
therefore he obliged 20 respect the request OF that
officer that the power 10 eel the surplus sold be con
feJred on him.
MT DrySIsoS said for the Government 20 go into
market and buy It's own deprecated paper at 20 cents
the dollar would he publication " the Nofl thHt
we were disgraced. We would be making profit out
Of our broken promlsel. This money iop0sed 10 oe
sold appropriated by laT 10 our creditors, ana
Therefore i lof violate the phghted faith Of the
Government ~ was proposed 10 turn the United
States Treasury into O brokers' shop with a
sim informing the public that IAN uneuTrent
funds are bought and sold In this Department lie
protested against such a prostitution Of power ana
against reducing the Government TO such disgrace.
Mr.. W ooDBRIDGE snpported tie bill because II wonh
reduce ths price Of gold five or ten per cent lie
Committee % Ways and Means should bring 10 bl SO
taxing the people AZ 10 otyate the further emission OF
paper. Then let Gen Graut who we now the most
prominent mary man In the country. be sent for 10
adj
against Cen Lee A combination Of victories, with a
depreciation OF the price Of gold and the means OF car
ryns the by taking the properly OF the country
would have the effect Of reducing gold to 40 on ~ cents
tho highest price il should have in time OF
Mr.. GARFIELD Un., Ohio argued against merely
giving an;horiiy 10 anticipate the payment Of interest
NJ il proposed TO pay debts before they due. Tie
prepayment OF interest wosld not sensbly affect the
gold market Tho sinking Of the funded debt and the
anticipation of the payment OF interest were failures
TIE OILY way left was stop trading and bareTng in
a.ln
credit Of the Government be should be permitted to
tGke TIE balance H. gold. and hold IL over the heads OF
the gold spectators and Keep them back From pre-
sumPtious sins thst they ma! not rule over u.s. We
ought give the Secretary power to protect us from
the bulls and bears II Wall street.
Mr.. DAVIS Ujn. y. " said should look TO the
future as well as tho present This bill remain
In effect until successors should report II. The spec
uation was merely gambling IN paper Tor the price %
which had TO be paid foreign nations in gold, which
coin had by law declared sncrcdly reserved for the
payment Of the public debt. The House we're ondeayor
Ing 10 do what could be done by legislation.
Mr. PRICE Un., Iowa. maintained that he assurance
that the interest on the public debt Nou!d be paid 10
coin gave tho bonds moro value than when they wer,
issued Remove this foundation, and the snperstruc
ture VI our credit falls. Tie money ought 20 b. re-
tanned 10 meet the obligations for which the public faith
Is pledged
Mr.. JANIS c. ALIEN said the fact that the Secretary
Of the Treasury asked for the power 10 sell gold would
have no influence upon him NIFTY he found that, as Il
member of Congress IL his duty to register the de
crees Of that officer Nor be willing 10 yield his
opinions a. the Committee on Ways and Means. The
only way the confidence VI the people was u
show the power Of the Government To pay its liza
bLites and tho willingness 10 discharge them.
II was TO say the lsast dangerous ex.
pertinent 20 authorize the Secretary 10 sell
The gold In the Treasury, aud lie was opposed 10 It.
a scheme concocted somewhere TO speculate on The
Government gold without reference the faith of the
country and is liabilities To 20 into market and buy
m S nt and 10 those who administered its alters.
Mr. HuBBlRD Un. N. " offered an amendment 10
the BILL as prOyiso that the obligation 90 create
sinking fund 6y the act passed Feb e62 shall not be
impaired thereby
Ar. STEVENS (Un., Pa expressed the hope that the
vote the bill would be takon early tomorrow.
n rtspt ~ ~ no