The daily mountaineer. (Dalles, Or.) 1861-1866, 1866-02-27
Money Market.
COMPILED FROM THE ORSposIAs.l
DATES no FEBRUARY "a.


that body and the President. i
The resolution which passed the House, ,
forbidding the admission of Southern MEM
bers was taken up. Mr. Sherman opposed '
the consideration of the question, saying i
that it could not be fairly discussed at the
present time. Mr.. Fessenden said he called
up the motion because he considered 1T of
the greatest Importance. He denied that
there was any desire TO get up quarrel be-
tween the President and Congress-. If Con-
eress is placing itself in'the way of recon-
struction by keeping out the members from
the South, it ought to know it. Mr.. Sher-
man, in reply, thought that the events of
yesterday were too fresh in the memory of
Senators not to have some influence upon
them, and he thought it well to allow that
influence to pass away. Mr. Fessenden took
up the resolution, arguing that it was the
determination of Congress not toact upon
the credentials of the Southern members
until they had passed law for the admis-
sion of the Southern States. Mr.. Fes:enden
read from the Presidents speech paragraph |
stating that the States had no right to go
out of the Union, and he maintained the
theory that when the States gave evidence
of loyalty and obedience, they should be re-
stored according to the tenor of former re.
lations Mr.. Fessenfen argued the right of
Congress to inquire whether any of the con-
ditions named by the President had been
complied with, and said the special commit
tee was nothing more than servant of Con-
gress and could not set up any authority
against that body which had made it. On
the subject of the bill vetoed by the Presi
dent, he said he had never been warm
friend of the bill, but he yielded his objec-
tfons because he thought the powers confer
red by it were constitutional and their eXer-
else necessary. He voted to sustain the bill
when it was returned, because he objected
to the closing portions of the veto message,
expressing the opinion that Congress could
not make law to TAX a State unrepresented.
Mr.. Ramsay's bill was introduced in the
Senate to-day to secure the construction of
the Northern Pacific Railroad and telegraph
line, and authorizes the Secretary of the
Treasury whenever the Commis sioners of the
Railroad shall report the completion of two
hundred and fifty or more consecutive miles,
to pledge the credit of The Government to
the payment of the interest on the stock at
the rate of six per cent. per annum semi
annually, at the rate of $4,000 per mile
Senator Sherman has the floor for Monday,
and will speak in favor of the House concur
rent resolution affirming the views of Con-
eress concerning the admission of the South
ern members. a,.sl ....,.js .aae-.
Neo York, Feb 23.-The following are ad
ditional remarks made by Mr.. Seward at the
Cooper Institute last evening: Mr.. Seward
said Congress agonized over the question Of
reconstruction not because the war has
not come out right, but because they have
not individually had hand in bringing it tC
happy termination. hope no serious diff
ficulty, from the convictiont that there never
was and never can be any successful process
for restoring union and harmony among the
States except the one with which the Presi
dent has avowed, he himself is satisfied
The President is in harmony with all th
States that were in the rebellion, and thu
Executive and Judicial Departments are re
sumins their functions Loyal representa-
tives, more or less. from these States, ar
now standing at the door of Congress, an,
have been standug there for three months
asking to be admitted as States, VIII ch
against their earnest desire, are left unre
presented. ls,
Saw what you will, the States are alread
organized in harmony with our amende
Constitution, and are in earnest co-opera
ton with the Federal Government. NJ +
1t is impossible to reduce State to ter
ritorial condition. Congress has had re
construction committee of fifteen members
who have stopped the wheels of legislatio
for three months to enable them to submit
plan different from that which is now on th
eve of a happy consummation, and wha
have.they given us or rproposed2 An amend
ment to the Constitution to compel the e'
cluded States'to equalize suffrage on penalt
of abridgement of their representation. Th
was no plan of reconstruction but an OF
struction. conflict in opinion between tn
President and Congress in reference to tn
Frecdmen's Bureau is in its consequent
comparatively unimportant. 1t would e:
cite little interest if it stood alone. Bot