The New York herald., 1866-03-17
PRICE FOUR CENTS.

that system Of annnc, l N'' NV ~
son nn T., hsrs,sn ep Of y remarked tina, ho roa
@ o On Nneh the g'ntlcmans argument seemed 10 pro.
sS ,ssa HSs .ne assumption thai tAo now bonds should
sae .v h saio a'e o Interest na The Old II they
be taken at four per cent vs. ~ WV"
hr. srnySAs,ihe bond. "a be issued arc precisely
In coin and and three tonihs m correnc, Ti,.
seven and three tcnths haye bocn Nh ,,.ca , - @ l'
yerbe INTO six per cent gold bearing without apy
, farthor law.
Mr. MORRILL, desired make one or two correction.
the Rcnilemans statement Tho gentleman had rcpre
sented tho proposcd bl gylng power Secretary
70 issue bonds without limitation. That ns
was limited o. the amount OF present indebedn
interest bearing and non ferest bearing
MI SrLYkNS-l did not moan 10 say that be had any
Mr MorRnt,-Thcn the gentleman docs not mean To
contrcsert the position that tho Secretary has
these bonds for bonds and notes onts,aniing
hr srtvENr- mean u say that he has now me power
TO conyer, all tue billion and half OF money all except
the legal tenders. ms the law stands.
nr McRnnL-Th, gentleman also stated that the sec-
rciary proposed in hs rcpo, 10 reduce the anoan nf
legal tender notes by two hundred miloDs of dol su
annually
Mr. siEyESs read from the sccrotarys report which
he says viii not bo necessary 10 rore than
hundred or at most two hundred millions of notes In
addition ~ the compound interest notes. and repeated
vert the greenbaeks and legal tenders bearing
icrert into nye twcntcH bearing gold interest OF
per Assuming the secretary 70 retire two hundred
millions of greenbacks 10 this ysariy for Year,
he would be addpg twenty -four r6s annually TO the
taxes OF the country, To pay interest what was not
now paying dollar of interest
Mr wKsr~oKrH. trep) Of Iil--wii tho gen,leman
from Pennsyiyana state whether he conbsta tho policy
OF the Secretary Of the Treasury the ground hat hts
own policy VIII lead 10 specie pay mont than tho
secrctsrys or whether hs and those who 60 with hun
arc not trying TO put OF the return TO specie paync'
Mr. srxvKss--f am for specie payment whenever Il
can be arrived a. without crushing tho busDcss Of tho
country TO death am for arriving specie payment
and still for allowing the business the country go
On There 10 no morc currency Ia circulation than
cptaonf We have hardly so, on, OF one war when we
Mud another nov mado the busnsss of the country
fass this bill and instead OF nyo hundred millions OF IN.
tcrnA revenue received last year you will not have
hundred and ATTY millions next year Tho people will
not be able 70 pay their iAxcS The business Of the
country Will not endure H.
Mr. wxuwosrii-1 think ] have followed my trend
from Pennsylvana all through this closer than
any other man, but when this great republican party
formed, We Who were original democrats took up
%os- re,. eross gAashlsp. wan, him TO stats
have specic payment restored
Mr. srsvs~-I do no, know anybody sbs 70
carly The cross Than my rsnd from Illinois daughter
M WDTwonrn tpressing him 10 the point rcsardless
OF hs nss pArry)-wouid you have specie payment so
row without dc~uyemsnt
/. th. time Of ID. 1nissa s,.,s. bsnl G""sh.ss '
H srsvss tin . eonoliAioy tonei-n h we're N
II could hsv. sissos, % ,ass dsrsnss.DsS. Y scus
M nr w.rvoan. with gesture Of lnp.asoe.,-
Ss %sss gsass.ss:, WIN you oomp'om'ss on oss year
ese:ss o. hnsAssD -,
her gssss vHh Napoleon ending In Isis 6la sol
return 70 spscs payment ull the latter par, Of isx2
~ GARFIELD sated that he thought the Lao there
% hsvs gone Into operation The a of January isas
ssy he'd prssscA'y returned 70 specie p~ymsstn The
Mr. srsvss.-Yes, for small suns DO gentlemen
expeot that when Great Britain with al The con'mssss
o. sss .ord va. ~ sn.bl. 70 rs.oms % spses .ys.. e.,
by such gradual lerisla,on that there shoul BE-
:sess . sS arc :. put Into The Lower Of sss man 70 =.
ssis .~, and the day Of specie payment fer ais'ss,
Mr. wrrvoHu tre,urnng TO the ehArsel gen
usmAn aud are acting iogeiher nov
Mr. srsv~s-sot bt OF ~ dAasbtsr)
hr wssrsoKrn-I ihins hs s honest lfAashtcr.)
NJ srsrs-.--I -iii endorse you 81 veil a. myssik
Mr. wDrw~ru-rhs question n bop far ~s ran
travel together with another while tovctber
When We can no longer se, togeter tsnesty ~e viii
part What want ny fn~nd IRON ronnsyi iysniA 10
state IL this tHero Nj htycns lcoks AZ bis watch ~hh
dAasbtrrD
Tue srssKxs-rhs gentleman from pesBsyivasA has
only i've minutes of his iimo lon
hf wrSfwosrH addressing Nr stsyensD-Yoa tno-
more Than all of " pat togsthsr saghtsr Jas stale
10 ihis House fairy and oaHeidly ~hsss " ~ foIo~
you you can lead " "a seoie paymeEt-isi.ost+ ar
agghicr-and whether you would n 700 could Nov
NJ. srEvEy.--hy friend roed not appeal 70 me a. Q
rrpnb,san ino- no gariJ on this question.
we're republican tCOntinaei uerffnsntt
Mr. rTEFFNs-kcrioasly all can cay is that n 10.
Is.ea ss could ies.me speee pAymen, within month
he people, soald had The power order thai s,,ry
n.ns 10 the country, and the s0verrmsnt seL should
Nr wfsr- Bat sepra@e W noCuiioh osn do A.
Nj tinvsss-n bo eau Siii give him great credit
NJ narsosrn-i bess's he can therefore stsli
Nr sn,,s-sy friend fron Illinois s bos... and
has faith Ike two gfsios of mustard seed dAashtsr
Mr. wnr-osm-I hass followed 700 90 he sys.r
question. lShoais q isssbtsri
sr srsvr,s- And shall BE- very glad 10 foD0- ny
ar wsu.osm-fdont raai you 10 follow ma . -.n,
H s,.ss.. =, h.ss .ss ss ..l + .ssis ssi'
NJ ws-r~o osrH-wsii w hccuiioeb wib soh
hr srs.sss-i .,il pes 20 fo' siv'.g .ay MAJ ne
70 my frsnd wsni~erth him-~f
w ws.r.eus-wsr. ,,us,sd yos % ,h. s.sro
question, and ssst yv1 70 uss, ansn1s Tsy
IN. soss. s.,-..s ss.a, sssv.n. .ns wss,.sr,h
In ,hsir ssstA. Bot -sr- sissdbs ,bs sba 10
aisle. IN ihs veibhy Of Ne too prscipai seioss 60
iour having arrived ibs bos.s .oss rsosss un ha y.s
s@tenP NJ
EvrSIso srs,io~
49, US sscias Afsr Snl.
NJ hus-cE nepi ~ Ohio. firm ths Conf rnittes on
Military Anars fsros'sd t'~es. -in ssh-sisst. ne bsn
The bliss s,.ps. sBd sssf thsi = ors.,.d y ).
prhisi snd rsoonHnssd u -sA ordered
The sps.s srs t.1ls rcd s.os ana referred hs Con
mh,ss On hlItafy srsiu
b. prbted
sssDrs van ., rrs pr.s-a,i.a srsps.-
fAff, Ms Han sbd other 1rvsstD.fsr n ihs sin.. "a
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nternAi rsrebas las thaf blspass uLll wss r.fs,
Tsd 70 toe Com " wsys and es4nA
On rpiion ~ NJ tsru- rep M " v ths rOryt
90 % frhuns 90. dashsfEsd from %. fartber s0s.s
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naaisf gsrffaf
ss'.is ss.ssss oyo ~, so.O.rr avs
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tuss On hliitafy Araifs fitrtAfgsf from ne fsf
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nifise 90 ia