, 1866-03-18
SrSoaE, MARCH Is, 1866.
THE Dt:FE.ATED LOAN BILL

in thr nou.e Of Repre.@ at3rrs On Friday ii.
Ltzn TN y n 5cEeatea hy tvo MAJORITY. The
Isup1c, xiu hail it, defeat as = proper sctson :!
ou the part II The I1ouse- Ths taa1r. Eezsa sa,n.
Fl the ILL pesc ~ ia1lows:
II pnn*t<s that the eet nr Atssas ID, 1s5 ttasl b.
r2esetsa ta& coax1neI to nu1bossx. the Stt.eia-r
o: .Lr 11rs.1'y, It ts tiecretlcn. 10 E:eelrr CT,
:tf-Fr+ sotfi tseStl tcpdez1l q o:lsef ob.Saitns
stscra s7aef any a Il Enae1ess, ehtthes hca-nx
.:e1szi u sse' h. e-<.sr3v o+ azy d<kcsatlea 9f
f~'-rs sHshtsa,ei ~ tbs aet 10 xttsh his Il u
nfetHlnknt4 raa altt 10 dfsp>se 1t arJ dss1:p.,oa
o. hr1nas auslositnd " sstd att, <ttef u Ns (. =
et%l7esrs 10 sEct ~ eoxat. II srA n,axak1, 1ui
4-s>,I. RIA ~ IA n y tksat aaEtesatt yor LEfs;
:.":f. VI ihe Cuiud ktzt@s. q for kny treasury
1a,er. etsttEr1tr. Of todee@edness, cestdatcspf
G~! go, Ee Ush;r re eFe.eatstyr- Ut ta1ae. Hhath
sstr tt~r. With ar BE- a4d atdrr ses of Coo
Iset-, tx psoeres hereof iT 10 be zst1 fot fettr"
tn1- tsnAsE.. lottt q e.her pos:s.orh sstua Eas~s
49, tc] o. in1A rs~s, tAt uo1h1t< hSrto epLt41oet
s.. .te ccrstrr.t |, azihos!re II EucsrA- OF pEt1c
dv. pr ,e': tAst tie art 10 which tl,s 10 1~sd~
n II Vi .l ee1ttan IA ha1t3seT m IL IL p1a.lsEona,
excerpt ~ ss,erf*tn6 hs ta1s Act.
W. bel}erc t.sat fhe pcoplc are Aisnoxt
EEEaIiaouelE oppa.cd 70 Authorizing tic Sec
tstArT g! the Trrn<ury 10 1ctirr EEernbaeka-
f!au circulation End issne ~ or 80 bana.
Il Et:i thereof They ate opposed To tnetras-
r.. :he lctcsrxt On the nstieusl debt by f2::,-
u-I,tsA pc- tnncl:a tn order to Krt nd 0f Their
it7rsi tenders now fA4. sPrFcc4Attnx to the
eo1a -tardaTd- On the tout:arv. II ttrv had
:A-s- war, they would retire Ill the Stale
tsak cets. from circulation md replace them
wiiL g:r-nlAchs- The maAsss OF tic t'sople
l. tuutly attached to thf legal tenders; thrr
iuvc Eret: saith IL them. They tsIcvc lhat
Iit:': another hA14t End cotton crop, rs
final currency will br on y par with guild.
ls.sa txel sid Ena2te1zhie pu,toE arnorg the
refT!r that It Is clseap.1 and better all round
1>.is,r farr or az h1ndred millions OF Issa1
.,.'5es ssoat. Ilce. ~ interest doing the work
q: :..1aey. thzn 70 frna them Into bonds, rsy
- rtr cent gold interest on them, md allow
cs;::siisss 10 tske stnse h91ne tonda, xnl
,s~Ac Erc or Sit huadred mllions Of bank
rei-> iher=oa ii sea pr cent inserrat. Thc1h-
c. .hH r.s,p1e k.c Fight or sroag In this orta-
ic:s, n~fcr.heless tia. l. tl.dr solemn b.Iie1
aad cone.siou. And Il anild be Eell for
C.r.1essti,e4, % .,e-r In mind that considexa~
sic vi TIE ,.xes att ,pash By tho<e people xad
ths: they c,es ,rost Of the rs.Al and pcssouAI
i,pp~rty 1: the United STATES.
.ss.o:tts serBots objection to the lIl1 Is the
ciA=se Aathof.==ius ths Secretary 10 sci onr
.-sr,d would cou,t Of the atsempt. Our touds
k-r tc!2c told In Europe lAst enough Dow.
11herr ar dve OF ST. h1n1reI millions of theu
l.; sha. eeuutrJ at shis iinar ana they ETC going
e'rt BY .:cdrds " In every steamer Ia ray kar
Ewo;<zn rAolfsetures which ought to tc
r1-ie II ,a1t ,nn country. II l. g1eraliy b.
Eessd s1ss Al attempt ca tie pa1 Of ot11
Government 10 "pleea" = 1osn In Europe
aou'd have Tie eject Of knoeting
drsE LIE vk1ne Of bond. both thar
AID ter. Eealees there u no ne
st.zI:y gR making the experiment.
Tte Gosssumtnt u receiving i'll the money
!. b.~L from tx1Allon. it, rrceIptA sIn LAr "a
e1es<. of 1:s expenses. Debt II being Paid od
tr.Ts Jay. The. Coating liabilities arr being
lG.Sd=ttL- Ths National credit b steadily
su.I+os:sS. FiFr-txcoies, which I JaF ago
north but + crafts On the del11r. w-eft quoted
IL F4au,dart \, SIC in eplD, thrre week.- Ego,
sad are dnu5slras uuE quoted at = to one,
yu: ii = salI tl.t sixteen hundred millions Of
~ nt,ioual DEB! " III I'LL tne within thu next
tire y,a-:. and TT question Is a1kesl, how u
il c{~id. Il may tr replied, no. by CON-
,s.t:sz Ssvrnlnck, into Rpld intercs, bond, =;
I'll: ~ l.wk1ar our sa.ati1fes stoong tat
hA-.ts 1T Eornpe tn tr11eh OF takers.
S.naSr OF ih.Ee r.s4hocs viii sosye the rsob-
;-i2. ):
Az ,H.-r rnwcs the Secretary of the
Ttra.u-f slr.AdE po4t-ttes. The thing for
The tioverrucns tc ds Il rtrupty TO renew lti
s44irs, L-t it DO hat thoI4anIs Of bueia-si
rsrr AT dn.rg ere17 t.y. Any I.an xho hal
s,.l ,5..ii, can r<ue~ lis paper. The cretlfl
t,',te t;orrrnmcnt IL tncuuparnblr bette,
t-1wE:n It originally %ald tbas. bonds,
St 50 AI.- McCulteeh should ndEer.sse II
II. > sslape,s ihae he woas4 xsrt pt:. eeai
bon .1nr.rc il cr - years for s~s0s falling
due In ;he next Is pootfs, and for 5:.sa
fA;iIn. 1- sNtsu The next tw ynass, and f3
ccr1td, .el indrhtetlues4 and - exll lc4us, ;
does.s 5di suppose lie you'd nok hAsn or
aess. ,xho1e ai7teta a,nodrrta 1..iiihun1
of" "tln- onnds~ NOV 1As-1analns would b
oEesrl. TN II c1rhaaSr tnr tbs ner l1n:
binds. = irc,niuns.
Ishc :tet.sr of The Treasury tsas ..v:: -
lxvicl rp r 10 make itIs kost Of exch4uge
lei Gvcrr1 conicr Ii Al nurt- But As We rn
der..and .existiaK law. he nAT do
~I1.. III 2:y les ,etls|atioe. II 80. be G.
e1cl,:-.c. the te3. .sr' -. 1s4,n4lt r.. Laulioi
of sl.<r: lime .,Sntt,ns tr1o long Tina obi
ras1ca> n!.tn Ee=s, II be WIN j1:tay u
wtt.t, The \ iooai banks viii gather the1
ali zp n-a se, :hem 10 hIm, U b viii onl
1z1cr 10 sep 3, them, In exchange thereto
cpg ssx rtre IL, OF rven new 3:1A J.
Why. tlc:: al this nli14bug and nousesai
spes.,e1 ca ieos os Coog7e>. shout ID
million. oi bt falling due, and Of sbe nees
slIy ai euts sting tta ecze:a<y Of the Ttc
srry With niimi,ed fbcrtt'on Ia play BIT
and hra.. q art II he psenheA ,tN v8l~s O
Il. estac' {. iE-r1e taxes. std become
s,tct r.na!ery .Thau St<rens aenoune'
tlc ei' \. 1aoaettr-Ss tna tanEesoua> aod u
Ttxt teed wes level. $ .-
-B, ehzxtu.=ed /, n L rsR4nto1s b
L -opasEl ~ so1f7f moFs-s PoTsS .
e .:r5.e Eaa sAan va ers1 hefose z
:eot IN aE7 os@ 1asn s,a,,.. n 4 eGsSs9sss Ws,,n
ruels frxos< ~ nuta cnE*4asoes IN lie ps-s%
:-ce,ar. Of Ihr 7scasutJ n noy c'hez fsaa-
l.-:,t,tsre .ar1:a graas rczA po<er to sn1 u
ta,s.a F.r.r eaaa1.rd on M r.an. 20 be
rt-- et1.u.,crt.s rte:d Fri ksa<, 4nd capital xo
ia - I,ls.+&~ T. fFua tn.tne.J rateEf1f~ l9e II
,~--..q. II 1hsA btl. hsd ths1va 4 +d3::p0 npon
ts.,.~-. ~ ste enrutEy. tn sscsvta:J had pS'.
10 r,itt-~ psssF ftam HteatAdon etsoooo&
,:.-k.2r Of eosspe9ad lniett.t no,ea sna ssrl
tsp. h. ..ks.. pds -s nu~ :e u.ise1aw <1o oest
.; .;...sra., un!eh eosll- resEn tun W I
'1,-1 rr e.ne1y s n s*n fata q t.as'e JEar.
Ii Ia. w::c ps..> II Ervset .ea}d ht "a
.~G> s.-sl tse1 wtss e+s: IN He did mol It'll
r. '-.:1e+- f7ta III TIE feuniE! eoaA tuls7r
r. s-.. .ls seaEts1y u.t.sl ret si<ressa
rop-+ =, t.cn .s,iu pe:aaas te Eight"
-.-.'-,--.|~=
WHO SAVED Tu 2. USlOS.
The Nocturnal ..<'l;le4Au !Sst-s7l-. thc ID
liz CAs.al'an ozgra of the freueh popnaA'
E, is.c.z,.ag tue Fenesu sn'Fsaae'h and i
dieting tar eassxe tic 3'a*91esa Gs'vefn1
E., I1lc in tue I,ref1ite*+ sA.s:
=. tte G4ort*t u Wa.fsuatcn hst:>at taffc