The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-24

words expended for payment Of militia the service
OF the United States. -
Mr. STEVENS, irep) of Pa said he thought that tho
amendment would improve the bill
rhe amendment agreed 70.
Mr. STEVENS appealed to Mr.. Blaine to withdraw his
substitute and let the bill go to the House.
Mr. BLAINE Stated that no had been desired
By many friends OF his substitute not embarress
ore bill by uniting IL with anotherj and, no
an not wish 70 do 30, he would withdraw his amend
ment.
The Committee and reported tho bill and amend
was moved and seconded
Mr. BRooxALI, (ep) of Pa, advocated the passage of
tfe bill
Mr. MORRILL, (rep) of w. characterized the bill as an
old acquaintance and suggested Il should be
committed. TO the Committee Military Affairs,
with instructions to report a bill general principles
by which similar claims Of other States could be ad-
justed.
Mr. RANDALL, (dem Of Pa, supposed that the gentle.
man from Vermont ir. MorrD, having characterized II
old acquaintance, had accorded full exami-
nation He was not fearful OF any scrutiny or examna.
tim that could be made II Just Claim. In fact
II was obligation due to Pennsylvania by the United
States government It's rejection would OF rapu.
dation SILL he thought It right that every examination
should be made into IT. and therefore, II the gentleman
who had charge OF the bill Mr sevens) desired that II
should go to the Committee on Military Affairs for fur
Mr. srEvKss-No sir; tho House knows all about IT,
Mr. Boyer, (dem.) OF Pa, spoke In support OF the
bill Like his colleague mr. Broomall! he, too, had
been captain OF these troops; his sword was quite as
boodiess and his heart quite as loyal Hc thought he
could answer any reasonable objection 10 the passage OF
the bill Tho claims rested on contract based on the
express pledges OF the President OF tho United States
and the Secretary Of War Pennsylvania had paid
every dollar and now here asking the amount 10
bo refunded 10 her IT, therefore, touched the credit
and honor OF the general government II was too late
TO raise the plea that those had not been mus
tered into the service OF the United States for two
sonsnrst, because their services had been accepted
and second because after the rebel raid had been
PEELED the President OF the United States and the secre-
iary Of War had given their PLEDGES that the money
should DO paid II SANDER say that those troops
had refused 10 cross the State lines
Mr.. ROGERS, ldem OF n j.. stated that some OF the
troops Of New Jersey had not been paid.
Mr. STEVENS replied that he had produced evidence
from the War Department positively asserting that they
had been pad
Mr. RooE,s said that a certain had been paid,
but there was still hundred and eight thousand dol
with specification Of items lie did know how much
had been paid but he knew that that balance s,l
due He was told that the city OF New York had also
claim due 10 her, and Missouri was IN the came stu
alton
DEBATE HnL
Mr. MORRILL,, from the Committee 81 Ways and Means,
reported back the Loan bill with amendments and the
following proviso;-
Provided thai Of United States note. no, than ten
mons % dollars may be rc,arned aud within ak
than -four millions Of dollars Ia any ons moath.
The following section reported TO be added to
tho bill
gss at tho commencement Of the neI session. tue amour.
Of what Of whom, and what terms the and char
ae.er OF Indebtedness rcsrd under this aud the 70
the expense Of making such loans and exchanges.
The House resolved itself into Committee OF tho
Whole ON the state Of the Cnon Mr. Rollins la the
chair. ard proceeded to the consideration or the bill and
amendment tbs House having ordered all general de-
bate " close In ten minutes.
Mr. MORRILL,. addressed the committee. He said that
the bill had undergone long aud patient discussion IL
was necessary TO travel the ground
uons the Committee Of Ways and Means; but the
mittee had regarded the fact OF rccommitment in
sructlons 70 certain extent and had acted In harmony
with that view. II the law proposed 10 be amended,
were passed. period of nine years would before
the retirement Of tho legal tenders In circulation
That limitation he believed went az far as large malo
rty OF the House favor Of II the views of the
SECRETARY Of tho Treasury Of any importance he
would ask 70 be read letter which he had this morning
received The letter was read as follows
sEcRErARY n'criIocs LITTER.
TREASURY DEPARTMENT. March %, 1893
DvAR sm-Your favor Of the 22d instant Is received
transmitting me the following resolution namely
Resolved That q communication bs addressed by this
committee TO the Secretary Of the Treasury stating that
ta commttoe has received, through ~ it members,
Information that the Secretary y Of opinion that he IL.
without further legislation, sufficiently armed with
power to carry tho policy ANNOUNCED In his late
mail report and TO request the Secretary 20 INFORM The
committee whether such In his opinion.
In reply have say that must have failed make
myself clearly undentocd by the honorable member OF
the committee TO whom reference In made. did not
intend gay him that tho Secretary Vs. without fur
Their legislation sufficiently armed with power carry
out the policy announced In his late report !;
but did intend ray him that II should be found
necessary to modify any important particular the pro
visions Of the bill reported by the committee should
prefer that II would not become law. II will be- In my
opinion. n national calamity n Congrss shall fail 10
grant additional powers 10 the Secretary; for will he
very dincu.t, not impossible, 10 fund the interest
bearing notes under existing laws Bot do no: desire
u.
way responsible for law tina; likely fail
plishing Ia object
regard IL matter OF the greatest Importance that
the powers OF the Secretary should b. strictly de.
fined r. for example, tho Secretary should DO pro-
hlbted from ceiling bonds below par would DO easy
las the market, In the process Of funding must be
literally suppled for tn enemies Of the government
~ form successful combinations for keeping the bonds
al such price would peycnt the negotiation of them
On the other hand " the authority Of tho Secretary In
this respect IL not limited no such combinations would
BE- likely be formed 10 opinion, tho best way Of
keeping the bonds nj premium will be TO leave thc
secretary unrestraincd the sale OF tbcm. Against
underlined power woad be dirut u form successful
combinations A limitation OF tho authority Of tho
secretary this respect wood be very likely 10 prevent
funding I do not, therefore, favor such limitation,
and would regret TO have Tie committee responsible
for H.
In regard 70 the other important feature Of the bill
the authority 70 withdraw United States Doer-i have
merely TO remark that consider u 10 Of Impor
the business Of the country the welfare Of the
people and the credit Of the nation, tina, such financial
policy should be adopted by this Congress viii pre-
pare the way for . return 70 specie payments When
this be brought about will depend upon tho condition
Of national industry and the trade relations beweea
the United States and foreign nations s no, desirable
that specie payments should BE- restored until tha,
restoration can b. made permanent by increased In
dustry and . proper adjustment Of the rade with
Europe. The tendencies all In the RICH, dirco.
ton, and they shall Be adjusted by judeious iegisa
ton shall be hopeful that the currency Of the country
may be brought up 10 tho speoie standard without a
large reduction of IL
The apprehension which exists that power IL given
70 the Secretary 70 retire United States the orcas
laion Of The country will b runoosiy contracted, u