New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-08-14
PRICE FOUR CENTS.
CANADA.

j OSA SG1v L
CANADA.
THE LATEST MOVEMENT TOWARD SOKTEDERATIOS--
THE GOVERNMENT ADvERTIsEs YoR SUBSCRIBERS
TO THE LOAN
Special Dispatch to The N. Y Tribune
OTTAWA Canada. Monday, August - 1866
The last step in confederation has been taken.
The Hon. j. A. Mcdonald that Messrs Hoxand Nc
Douga and the also draft humble address to Der
Mojesy praying Her Majesty be embodied ce
Constitutions of Upper and Lower Canada in the imperial
for confederation British American provinces This
red On the motion for adoption Of the address tie Hon Mr.
Doron moved an amendment tho effect that the Con-
suton shall put force until shall hrs be submitted
vote ofthe peoples OstYeas l3 Nayso2 The Hon Mr..
Doron then moved provide that II the gen.
or local Constitutions passed by the imperial Para-
ment shall differ any po from the resolution adopted
by the House they shall rot he put In force until fst submit
ted for approval to the Canadian Parliament This was also
ost The Government has ee ertised for offers for the new
issue Of Government debenures in denominations Of tlo
$500 sOo and ooo at per interest and redeemaod
the Isl September 1862 plcaons are TO be received
tho RsOovor oeasraIo Office up to the 10Th prosimo
THE PBSIAS SCARE NOT YET OVER.
MONTREAL Aug r. 1860.
There is great excitement in Quebec to-day at re-
ported invasion the point and
Quebec No information elched the military suhortss
tnongh Telegraph al Working
the least likelihood Of any t.l.l IN the report.
rNPORTAYr DEBATE oN lie CURRENCY Question:
GOVERNMENT sUsTArs ID BY A VOTE OF 20 AGAINST
32.-MR. M'GEE on rBs ACTION OF CONGRESS.
From Our Special COrre.ponieat -,---lf e.. led
Ottawa C. W., August 10, 1866.
Last night, Mr. 9CarteIist IA western member, and
President of the Comm Bank asked the following
ques tons of the Governmel.i rsfr l.-r.
ls Will Government pledge themselves post vely that tte1
will the power % aug egaI tender notes they eau
obtain i've millions $40 " so much thereof as moy 10
3D. win Goyeriuent rot TO enter into any deapits
tender notes iii the first Of S>pi@a6er' y N -
3d. In the event of the other Banks jointly seyeroly
engaging 10 provide Coycrnn 600 O0O steriog In
exchange for Debentnres m fore the first o. Ostooor VIII
Government agree to A hst OF Desombs before
ith will Government pledge themselves to power Of
ton 10 amount required hey realize q millors BY
the Of Debentures only four millions Of Legal
tenders and so in pro rata 'l . i. N
9Th Are per prepared AMI ready for
issue and If not will Government state when they viii ~
ready
Mr. Gait asked for time con ,der these questions ard
the second sitting replied: To the first, he repeated
the declaration which the Government had already made
that the Debentures realized the amount required to tee
the demands upoa the country tue issue OF notes would Los
be resorted 10.
To the second question be replied that TIE Governments
decline 10 enter irtoA1y specific agreement OF no
kind They reserved 70 the;elys tho shf 70 determine
the period when these an genents can be carried ont
but very likely might not be before the time e Sas a
made by the banks TIE Government, aud in any ease
The Government could not enter into any such agreement
To the fourth question: he replied that the Government
could undertake TO enerno any arrangements Of thae
kind without abdcating their responsibility as Gov.
efRmsnt vas not cons,tent with me Puonc iniees'
n the ffbqueson, he answered that the Government
were preparing and he presumed, would issue tomorrow
their proposals for the Debenturcs and these will pro.
vide that parties may ma deposits for the purchase a
Debenturs Of any the agencies Of the Bank OF Montreal
These were the answers which the Government had ms
srcted him 10 give and he could not make any more er-
pcit declarations upon the point. 1t would be tie 1ny
Of the House TO rely upon the Government using tten
best Judgment IN the cang ont Of taese Ss re- .n
moved the House into Committee of the Whole on ths
Mr. Brown rose and moved an amendment that II be an
instruction to tie Committee strike out the clauses o1
vding for the issue Of PoCneal Currency and 70 Pro.
borrow the amount of required BY the Issue Of DC.
benres for any ength Of te and at any rate of nterf
5ssn made very very edSH the could @
the money required without selling the currency Of ts
country and was simply to prevent the putting o. "a
bank issue scheme into force that be moved his amea
ment Ii would be most dangerous thing 10 disturb ~
currency at this uncture, and deprive the country OF We
of moving off the produce of the coming harvest
Mr.. McDougal said that If the motion Of the honoIsti9
member for South oxford carried the Goyernment III
the country must pass the hands of honorable gepteS
noppose The Government had considered the ueeton
in all its bearings, and they had deliberately come To- Wy
conclusion that the proposition they had submitted was
absolutely necessary the interests of the country IhH
honorable member for South Oxford knew too much about
questions of the kind 10 believe that tue mere placing oa
discretionary power in the hands Of the Government IA
issue 900 of Provincial notes. equivalent 10 tie
establishment OF Bank of ISSUE The proposition be-
fore the House would not bear any such construction
The banking interest was largely represented on tho
floor of the House, and the opposition came from =
chiefly. Government urged that the bankers hold aboas
80 OF deposits, and that on half Of that sum they
do not pay cent OF interest that they have eeua-
ton of about 81 900 900, which they realize yeIy
prpfif IN
the amount $600Od00. IL did not, therefore, become
those who represented the banks 10 put forward Their IN
teests against the interests Of the country at large
The objection to the bill chiefly TO the issue OF Pro-
vnea notes to take the place OF part or Of the WHOLE
Of the Bank currency. 80
After some further discussion the House divided Mr.
Bsowns amepdment-32 for IL, 10 against it.
nordsr divide the present Provincial debt between tho
traitor from each and third from .nosseT quarter This
will put one difficulty in Confederation out Oh the way
At promenade concert largely attended, OF the Insn
Protestant Society Of Ottawa, Mr. MCGEE made speech,
in the course of which be said: -,.sys ~ .t g. .
.sns Of The tmea sbout which all the world this moment
talking and thinking and about Which We TOO IN
as 70 ok 10 81 Ss s sssn
nous repeal the Neutrality act Of isa and NE incidents
on Of 20 arc
4: s:s z: 81 e I;
,s. : s.a :s s: :sss g
ever complsissdIt sFs ths s.s ~ g aEses.ssS
S:a:S. s': &
GaH;d disturb much ! = SSr gre
n0 NJ ' Me q a. sss Ssu Canadian than the Cans
dams themselves. ere 70 Be- expended , ~ pu'