The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1864-02-25

to sell gold, thus giving him the opportuni-
ty to raise or depress the market at his own
particular pleasure. "a
Mr.. Mallory OF KY, announced the fact
that the Secretary has not asked for this
power.
MFR. Pendleton said, in the course of four
months we will have to pay rs interest more
than the amount of gold on hand.
Mr.. Brooks said that by the public re
cord gold is selling that is pledged to pay
the pablo debt. It,cannot be denied with
out violation or faith. IF q remedy is
sought for relieving the Treasury of it's sur.
plus, let the July interest on the public debt
he anticipated. The President has the sword,
and through the Secretary Of the Treasury
the purse, and he stands the irnpersonstion
of despotism, il he chooses to use power
At the conclusion Of his remarks, Mr. Brooks
earnestly appealed to gentlemen to stand by
. specie basis
Mr.. Herman opposed the resolution, be-
cause no believed it a violation Of the pub
:. t'f4Fs Etsi5 ~ 10 II '7TE F'''E
lie faith. ~, -s.. re
Mr. Cox advocated the ameniment that
the sale Of gold shall be by bids, with a,
least five days notice given. -. ~ =,
On motion of Mr.. Stevens, the resolution
pending the amendments was submitted to
the Committee on Ways and Means, to be
reported back tomorrow. ... ,,.
Mr.. Clay, of KY, introduced bill which
was referred to the Committee on Ways and
Means, providing that when special ex-
press contract has boom made since Jan. LIST,
1862, or shall hereafter be made upon the
deposit or loan in gold, for the payment of
such loan or deposit in gold nothing shall
be legal tender for the discharge Of such
contract, or of any Judgement rendered
thereon, but gold, any law to the contrary
notwithstanding. - ,a,a....,..
Mr.. Garfield introduced bill which was
referred to the Committee on Military Affairs
to organize regiment of vetel an volunteer
engineers.
A joint resolution. explanatory Of certain
acts Of Congress relative 10 the SIS b,unty.
was reported from the Military Committee
and passed.
The bill establishing Freedman's Bureau
was taken up, but without action the House
adjourned. a-e M 81 ia.
Mr. Garfield advocated the sale, saying
that, according to his estimate, there would
be in the Treasury, the rst Of July, $50, 00o..
600 in gold over and above what ia required
to pay the interest on the public debt.
( Mr. Boutwell, offered an amendment that
the Secretary of tho Treasury be authorized
to anticipate the payment in gold, OF the in
terest on the public debt at the rate of six
per cent. 4gs3-f aa-a -. 1i
+ SENATE. Mr. Upham, from tho Commit
tee Of Conference on the part Of the Senate
n the Enrolment bill, made report which,
after partial reading, was made the order
Of the day for tomorrow. The House pro-
vision for 5000 Communication, IS agreed to,
with aproviso that it shall exempt for no
longer than one year, and that at the exp,-
ration Of that time, such persons shall again
be liable to the draft. The bill as reported
also provides that free colored persons, who
may be drafted, shall not be assigned as
State troops, but shall be mustered into the
service as United States colored volunteers
of the District of Columbia.
The Senate went into Executive session,
and then adjourned