, 1864-03-22

posed bv two 1s.a.u - 1eeo1ut'oa was OF
fron, nt,. wv ie@uos members OF Congres
Aon on1o, #no were present, but 1t was ca1
iieo UNANIMOUSLY. with the exception q
three votes given in the negative. A resoln
| tiou Wac also naaa.a ~ fasES-s -. a 4esoiu
| fnpa of tho - ns.t,s- 'o."a1a sne proceed
t 80 - 1ne "eel1oR 10 ten Butler, at For
uess monroe, and tender him the nomina
lion OF the Independent convention. Tor
Of the opinion that Gen Rnt1.r r.. -. -.
/ much gnod sense r. ooaa.t 49, 'e. uae !o'
oF-...s so ~ aseeP1 Inc nomination
my convention gotten up In opposition
~ lnet o1 tne Union party, which Is destined
to more faithfully reflect the vofce ~ ~.
;peonle than alnnost anv otha. ~ ,~e - III
heretofore assemh1.d :. tnam'u 11 1Mas nas evel
~ eesemoieo Ii tue United States.
7"A' sasnMAk tas-1S m DsfEEoE OF SECRETARY
J.. n. r.,.a onAsE. ,s; fiSANo1AI POLICY.
non to. authorize the Secretary ct the Treas.
urJ to anticipate the payment OF thc fntarast
on the public debt, came no. and III Shor'
man, OF Ohio. made very able sueecl In a.
tense or Mr. Chase'a financial policy. NJ
Is one of the. souudest men; as ~. 4,
nnance, In the Senate, having been for Teans
the leading statesmen Of tho ;conntrv WILL ~,
committees having this important t1snort'
ment Of government in cf,ars-e H;e ~
dofrement Of Mr Chase ia cifsennent7v a
valuable one, and will do much to strengtb.
en- the confidence Of the peonje in nnr 49, w.
cfal resources and prospects. The connsr. @
heads In Congress are now iirectin1 ~
eue!Eles and all the ingenuity of well trainpd
po4l1eAns 70 the purpose Of depreciatfnr the
Government Securities Of al1 kinds. ~ dn.
lng th,s they hope to intlict deadly stab
upon The Administration and the war. Read
Wat tue rebel papers soy. on this snhiect
Ihey' gloat over the doinss Of Coy, Yoor-
hesa: hesa: Jim IN Allen, Wood, and other Gopper-
lapse ID to take place sooner or! lates es eui and
that, such collapse is the harbinger Of tri.
nmph to them.:; Mr. Sherman. In aefentIinr
Mr.. Chasc's policy against the attacks Of thc.
Copperheads (and by SO doing hesis f1ehtint-
the rebellion at the South and tho traifors At
the North), showed TINT the Secretary had
ment with Jay Cooke & Co., when be could
not obtain q loan in Ncw York ex-
cept at q ruinous shave. n fart
at. first he repeatedly failed fo oh.
tain 9 loan of~even ten mIIlions nf 5n1.
lars in. New York, except at rates which
would have alarmed the cnuntrv ! nSH,,''tia,t su
as they would have done the n,,,i,iit TNI.u..la a
was at very low ebbs 1oote uT.,o - Sasms SaeTts
procured the loan at roosnnoS, t ~. naalIy
lie HecretarT cont;nnad donaoie t1'ois lates, and
sale Of The i}yestwcntr hon5e enf aianGy ior the
these bonds be took ibe conrae ~ ine enSa sale Of
pOICQu In France ETa oDn.n1oI C.n.... -
to the Teon1e an eueG nas9r ilom the
NJ l6an ,ns ara, ra9 hnop!y tne latter
in this or any ether conntrr ", ore 1nas otlateo
ohie ferma coaLa g. SSHnaal3 ~ " inore laqor-
of one ner c-@t ~, ~ ~. t.sslveo one*eighth
this fhrF Ind fn nav oi1 ire rSency, ana out OF
a5ycrt;s;n~ tei.Frsht ~, GaReases O agencies,
wa;i;n9 M ' ~ tsa ttse.apning, Losses, sc; While
,s;tS, s e, sns s,eonsuHmation OF! the agrce-
comne1l"I ~ UH1 Sa1i y 49, GU. inc secretary was
I,onds ~ on ~ ,s,a1. esn uilea number Of long
woa n1so ohi;ra1 - o rs, "ua.u - ~ ~" la. he
md i,rniers vu y = d; ~ ssa t-T oonas TO banks
min for ioana ~ ~ a,seoun.: i ne advertlsed IN
rreaily under nor ,ras Gu ~ oaoS, exeepLat
ITeeu ioa 10 tesort OFT 70 t1e aid Of private par
a1s, ~ ocder 70 get me loan Of $500, ,000,000
.aaen: England and France hare never ne
suuaN4 Ioans SO successfully. 1t was really
4oW the people came forward and
.,,o,, "oh rac ponas Is indeed, their loan, to
oeop!e are interested In 1t. II the loans had !
'eea y maue n tae gross with heavy capitalists |
,a,.e = Nem i1lA, lney would have gone to Eu- |
opa sau peen ieanzed IN the shape Of i'm |
nense ''e.s impol.alons. Mr., Hendricks, of In.
.aea, ,sae ptoposed. an amendment to the effect
nat 5ne secretary give notice when he pro-
h9s Won1d nj se ca1sa Inc g1tG MT sherman said
sena inc gola abroad. Hendricks amend
IN aEnt |as [s3ec1ed " yeas to S3 nays. The
~ ol mr. Sherman then passed BY so yeas to
, naye. Inc nayB we're: Bnckalew, Davis,
M 'l!mes, Hend5lcks, Powell, Riddle, Sauls-
'u1y ana "f1ght.
AssAdE OF TIE GOLD BHL-TAIAT1oN NEED
ED-TuAD STEVENS.
ING proposition nllo ring the Secretary to
ell the surplus gold in the Treasury passed
NC Aouse yesterday after 'very animated
ebate, In which Mcssrs. Hurlburd Of New
q, ;o5k; Stevens a1d Kelly Of Pennsy1yania,
nd MIR. Htgbee OF California, took part Mr..
teyens made. a very able speech. among
ther things he said that By the legislation 81
'ongreas two years ago, whether wise or un-
f1Ee. gold Is no longer the money of the,
ountTy, In the actual and practical
en6e Of the term. It has been demor-
hzed, made mere commodity OF barter, rs
on LEAD. DC. The actual money Of the
Congress- The use Of gold now. as I
1oney, Is the exception. md not the rule,
10 man Is obliged to pay debts with It, and
e 1s 1901 who would. The bill would nf-
'rd relief to the country, in that 1t would
nap!c the Secretary to sell the gold and pay~
nr ln debts, =. TIE came time that 1T would
Iop the gambling Of the Shylocks on the |
lalto. Over trading with Europe made large
rnits upon our gold, and he desired fiji. |
lis should cease. But lr. Stevens took a |
oiaef stand than this. He f:arless1y enun-
aied Truths, which, in 4 short time all
- EGc LIE 4oEcc OF. a1u the necessity
being prepared to meet and establish a.
le principles OF our future financial policy,
e Entd that specie payments By tho banks
ould not be resumed In ten years. He then I
gned against the policy Of p.5fug tho in
rest on the public securities in gold, OF de- ]
anding gold in payment Of the duties on
reign goods imported. On the other band.
wonld make the duties payable in the s
wfu), legal-tender currency Of the United ]
atcs, and gradually raise the duties as pri- /
: :. eapanded nndef paper currency. Under
prevent the appreciation Of gold. Hc i