The New York herald., 1865-03-01
House Of Representatives.

House Of Representatives.
WASHINGTON, Fob. q, 1885.
TUE SIX HUNDRED MILLION BILL PASSED.
The Hon SO went into Committee Of the Whole on the
Six Hundred Million Loan bill.
An amendmAnt offered by Mr.. WILSON, (rep.) Of Iowa,
was adopted 70 ks the issues under the act coupon
registered bonds exclusively
Mr. HOLMAN, (olp) OF Ind, moved that Ill bonds or
other obligations shaN be subject 10 State municipal
taxation.
Nj. F.nsAsDo wooD. (oi,pl ofN r., offered an amend
ment which was rejected the object OF which be OK
planned TO be to withdraw the National Bank currency
and supply It's place with Treasury notes not legal tender
Mr. WILSON offered provso that the rate Of interest
On al Dono. snan oe seven ana sontns per csntu
g:sss gssss' In lawful m'n'' q tho United
Mr. Mo.Raa, Gepl q ". opposed the amendment,
pcednamely that the interest shall be six ceuum
when payable In coin and seven and thrce-te per
centum when payable In currency
Mr. Brooks (opp.) of N Y, said we had reached the
extreme point Of paying in coin, and # We go step fur.
thsr the taxes will have to be made payable in coin in
would be the initiation of repudation.
Mr. INdEnsoLL, trep) Of ILL.,, said the West will mako
every sacrifice to maintain the credit and character OF
the country He hoped he had heard for tho last
remarks about reputation.
Mr. PRuYs, (oppl Of N. Y, and Mr.. boutwell,, (rep)
of Mass opposed the paying of the interest in currency
Mr. BOUTWELL, said he prepared to vote that all in
terest shall be made payable in coin II we authorize
the rate of interest at four per ccntum obtain
hundred millions in European markets
Mr. wilson IS amendment was rejected
Mr. Cox, (opp) of Ohio said when the Tariff bill cVmes
up will move that all customs be paid in currency and
not In specie. This would hundred and fifty
per cent Of the bounty paid by Western industry for the
benefit Of Eastern capitalists.
After further debate the committee and reported
the Dill with sundry amendments
Mr STEVENS, (rep.) Of Pa, said he had hoped that
new system would be adopted in order that the prices OF
all supplies might be reduced He was shocked TO hear
the gentleman from Massachusetts, (r BouwclD assert
that ne was in favor of paying the principal and interest
power leaving debt of hundred millions contracted
IN time OF profound peace President Lincoln not only
found an empty treasury, but civil war on his hands
He r Sevens) then reviewed the financial condition Of
the country expressing his belief that a the end OF the
war the public debt will be four thousand millions,
quiring two hundred and forty millions IN gold nte
rest to be purchased by the government heretofore
perhaps at az high figure as two dollars and seventy
circumstances would be driven the necessity Of
pending In part the payment Of interest in coin, mea
sure which should nots for moment be contemplated
we should wisely therefore, take steps to avert such
calamity
The House then voted on cencurrng in the substitute
for the first section Of the bill offered by Mr. Wilson,
namely combining tho issues under the loan TO coupon
registered bonds the interest when payable in coin not
to exceed six per oentum and when in currency seven
and three tenths per oentum per annum.
The substitute rejected by Of 4s against o.
The other amendments were then voted on, when the
question was stated agreeing TO Mr. Stevens subs
The bill then passed, with amendments not mate
+he loan and tho rates Of interest unaffected
The vote on the passage Of the bill wasyess 7s nays
The House then went into Committee OF the Whole on
Mr. Bnooks, ioppJ Of n Y, moved to strike out the
rejected
The following amendments then made
On crude petroleum twenty, and on crude oil duty OF
fifteen cents por gallon.
On quicksilver duty Of fifteen per cent ad valorem.
Mr. Cox, (opp) of Ohio moved to strike out the ad-
dtonal duty on railroad iron He said 1t tax
the railroads which be paid by the passengers
He wished TO invite the largest competition Of all the
world Instead Of protection the present duty amounted
to robbery Of one part Of the people for the benefit Of
the other.
Mr. GRNNu1, (rep) OF Iowa, opposed the striking out
he said the God Of nature has settled the question that
facture and create rivalry procure iron
cheaper There Is no occasion 90 abroad for supplies
when we can obtain them at homo.
Mr. KAssoN (rep) OF Iowa. gave his reasons for differ
ing from his colleagues OF the Committee on Ways and
Means upon tina. subject Every prosperity Of the West West
not see 1t prosrated by additional taxation on iron
The House then, a. haifpa % four O'Clock, took re
cess until seven O'Clock this evening.
EVENING SESSION.
Mr. MORRILL, made an unsuccessful motion to continue
the consideration Of the bill amcndaory Of the aot i'm
posing duties on exportA
NAVAL BILLS PASSED
The House passed tho following bills reported from
Providing for the appointment Of a solicitor Of the
Navy Department at a salary Of 81, 500 per annum.
Regulating the appointment Of admirals in the navy.
Increasing the pay Of midshipmen TO $500 year for
service, and regulating the transfer OF men from the
army to the navy and furnishing for desertion and also
additional legislation in relation to prize money
MONEY FOR oyrcERs AND CREW or TE KEARARGE
:, Mr. RICE, Fepl Of Mass reported bill authorizing
and his officers and $3.50 600 the estimated value
OF the pirate Alabama destroyed by the Kearsage to be
fcA faoa
ner as prize money.
Mr. Cox said he opposed 20 the bin on principle.
they did not understand the subject and because they
had no principle. When men entered the naval service
e perform Their =, duty p without namrss extra
tleman would prevent the sinking OF another British
prateS
Mr. Cox replied that that was q ridiculous question.
The mind OF the gentleman was floating all around
the House. else he would never have asked that ques
Mr. KELLEY wished to know whether the gentleman
willing 10 give substantial recognition TO the ON
and men OF the Kearsargei
Mr. Cox replied they had ALREADY passed an act In
order that Captain Winslow might be promoted.
Mr. RICE Of Mass, said that was true. But this bill
provided for the who fought the guns and sunk the
ship and proposed to give them the same as IL they had
brought the vessel into port He was willing to submit
the bill TO the House on its merits
Mr. sPAULDisG ep) Of Ohio, appealed 10 his colleague
tMr Cox) TO whether he would that brilliant
action, even for half million OF dollarsY
Tho House refused 10 order the main question.
Tho bill then referred to the Committee OF the
Whole on the State Of tho Union, with amendment
offered by Mr. DAyS Of Nd, TO pay Lieutenant Cushing
and those under him for the destruction Of the Abcmare
He said that this net infinitely brilliant than
the destruction OF the Alabama
PAYMAsrrRg
The Senate bill passed providing for eighty pay
masters in the navy, forty passed assistants and forty
assistants, with provisions for their promotion
IHK STEAMER IDAHO.
Mr. PIKE (repl OF Mo-, reported from the Committee
Naval Affairs joint resolution authorizing the Secre
ary Of the Navy 10 advance 10 Paul Forbes of New
York, the OF two hundred and fifty thousand dol
lars to complete the building Of the steam soopof
Idaho. All that was asked was this amount the
six hundred thousand dollars contract
Tho resolution passed.
CONFIRMATION moS-crAD BumDERs
Mr. BRANDAGEr, (rcp) OF Conn, from the Naval Com
mttec, reported resolution that the petition OF Wood
ruff a Beach, Paul s. Forbes, Miles Greenwood and
Others contractors for iron vessels, doubeendcrs &c.
be referred the Secretary Of the Navy who shall
into consideration Just and equitable extra compensa
on and he IL unable to decide, may consult Board to
be appointed by him provided the vessels built by them
ahall prove satisfactory