, 1866-03-25

!
IKE: tsiESuED LOAN HILL,
The Ioan BIZ, eocalled, has passed with
7rsy ..zials t:e stral!z{ns Amendments. It |
toall now mon properly b. styled tho Bill
- -cEn'a:r ..:r ant+Aeascn Of the currency,
t:,er III It's 1srse At .Las~ ). sosb:d. fnstexd Of
al:lorl.!ag .ly fnans We arc uasble to sec
II - la. .ts,rrts 1t could Be Satisfactory to
S.rsr:ar! Mecul. ,ch II the lii originally ln-
;r,,..7,ctd ard l+l a,td tnss be- takeas AZ The
. ll,tc~s!a:: 81 Its ieEs. The original Bill lid
ret :itrjt Mr. suan mt Of honle The Secretary !
Nigh, ELL, or Tie purpose ior rhieh be micat
Ite TIE r.oesSis. The rrr.ent act prevents
lI:ti :;fta !.scsras-ns The public debt. 50 that
h.. ,s.-> IL. ROVER but to exchange one form Of
IN liz {, i. Ear aaother. II also rtquirrs him
II r.e itc proceeds Of ali bonds sold, oniy
"!or icti-ir- 'rrasury notes or other obliga-f
t:ars i--a-d I'll = enx At. Of CcnErrs~t" and
1:..is- tic sn,o1, which he can No retlrt, rnd
lt-tc. the su.ntis pi bond. It can sr,l to |
I'm U.ii:iar= Q; dol. n during the next slx !
7:uM..~. 1rl four r0i,l, ne Of dctlazs Ter mouth
ts.-ft4l.ts- Thil wou4 nE1ount los the next I
var T., sL:r!e :nar MILL, rs Of dollazs, aud kor |
tae srat thereafter 10 i1nx-ttyht millions. !
sto4lt. ~ change tn the y bc made In the |
.1rnt of III. Transaction. authorized BY the |
,i,s :~.!.: :; he-a- Ard -hstrA.Tss thtstsosc
lui :, !!:y-inus IL !i:ions of dollars. A. = ceu.
t-....' Il nt 3, La t*o hEnd:,d millions Of |
I4,l.-i. !. .;teessa.. 70 re>,ore ns u spe.ic |
l..sllvn: II IL tstden: hat Con.:rss do not |
Leak t., tsI% BILL ~ the r 1rce OF such rttufn.
l. :Lc a,asEdiueuts 10 the >ct as thus passed |
t., r,.:,.al Of the Huuse "a 1..,the tie secro- |
,Fr3,. + x-{st ~ ASkAv
1-e.r, {, nsnGei by the original b. Is no less
t,a{ssatic HAN The tur1nrr tote dtStalA'e the
i.;.' :.Es g.t,scr.
Mr. d'..t !: erpear that these ertraordlptsI
ToN.E~ SIC nesse*sry to an early and tafa
tr:::n 10 -leric pay1ncuta- Two ycarS nEo
reii i~.r premium Of lsd- Yesterday It
ran - low as ~. zud itt average for : month
la secn ateu. y. Nc have travelled during
ar oEeF tsved1ths ni the roal towand.
.Irei~ ilrc,cu,s with TIC l-ouc:s already
ro>+s=se>c ,y The Sec1rllrJ Of the Trrasury.
Can We DO, accomplish tie ren aiming one
.:r!h dE'trc, p.4ee. b. E judieious use Of The
saGle 3o~e.<: II We nteA,d no dnancial die
t.:;s daring the awiul crisis o@ the rebellion,
~ c~rt tSi:.ly 10 Nc. now. The late Loan bill
yro,"oscc ~ arthost1e TIC secretary at his
tiese..e.. 10 i:.re huncs tnd re>cgse IL pay
Ia.ut 1le ts=axnrE .nates Hegai tenaeI.1
pa:ilu '~ai.n;, In.e1cs. o. rot, and also 40
sell uur bonds in Eurure 1t hNoHn discretion
T.cte 2sr i~o objections to clothing any
s-.csy:a-s WIKI these pawess- The 6sst Ia,
:4ai It a1y par: Of our paTet money IL 10 he
re,E94 tsail circnislion IN order to bring u
ta1f Il, sJecis payments, i-t State b.ak bilia
.l-,ulI b. l:iteu OCT Of cir1niation hrtt.
TL.-.' ar i shret-5t." ta1 on the people. Not
9netls tonadca On Cur n>.1nata securities. Us
t.y. Satin':al Ranks arr. they tu,-isa no mar
3tt T.: th-:n, aaG the less the ..,arset sor our
s,ss:ncnl hs.Hds The less we eau borrow on
ihcu, +, IEornztion TO the ulttsnate Amount
We have ,c pay to stdecrn them In other
uc.ts. :ar higher the rate RI Interest we pay
p:1 t.r 1a:lonsl loans, kua therefore
.tu higher .hs tAxes 10 support
t.e Government, Aeatn these Local
r.rk., hsv.a1 onls i local credit, theIs bills
::e Estjec: 10 4 brokers' discount wheuerc.
ttcE -. :z"ri live hrndsrd to thousand miles
f.u,,. lLrc, tGd this ioEos tic eecand Tax.
l,.A.:y these local uanks owing 10 the tuctu.
t.sivtss tIctdeEt to StAse securities Oh which
tley ar :ora1-st, and u thels inherent ten
si~,,e! To ,reasivo. hs1ns kro1nd financial COZ
II: - altEt once II tes yeafa, And thetr hl1la
.-.st,l lct full yslee a,r refused redemption
@nd arr loE-l,: rf II bali, quarter or tentt
.itH:i. vai1c. Which /. the shi.d ervst tax II
Ht;eh III. 2@apte arc subt.ei bF thelr ope7s
:;..s. Tir1e;orr Hthers scse 10 1t anE toec
i"it r@nI=e.i',e of The surTrcey It shenld be
LII att.: tLr Et1t- hank cur7rncJ. End no
rs:h tie lr-.-no.ek. pn which the People "a,
IL .!strivst IL .,t fu7n.
lac -,c: nf Congress, taxing out Of exist
es>- tLt tIl;. af The STATE tsnks, BY 1tvJinl
r;- :Lru :s1 ot one Per crnf per month 10
1T s-u@tls, will take eject On The first oiJul
rs1t- ma viii Ersalt in tht withdrawal. y
tLe Etsi u jsnnacy ns1t, Of the slxty million
l.. more Il. :hi4 lind uf paper N1ncy not
nen.. III 4at:tinn thereto, the sersttaxy ha
T1as- 70 s<s.c lorr bends 70. the ILL, OK, o.
&. sis i-t cr.l compound Interest legal teode
n,,:r., %!,ich. e~ts. ~ ,Lt!r high rats of II
tc7re., n.ed ee1i to be redeemed. Az
t,:r,-. :hess arr aeu,e eighty E,t1itonA Of fcrstH
t.s.t> 1t Indebtedness *hsea arc slAq cafrl
lf.!;r "a rul;.tc-.f, and e ratdiA Of q
tts.1.c iesdi;:E 10 imitation.
= i.et :; any fcsc!tle contraction necessary
E1ce e.u..le zah l,atnra3 1oode Of resu1ninE
sfc7ir ;asrnr1t i A5Icr taxing o.t of t1l
t.urc liz .s:ate l1caks sad reducing The COT
14:.nd isitrrtt note4 and certificates 45o7
;.eL.lopel. 10 wilt mill 1he Gorctutneut r
ce:ves Iurr taopcy than II pays out a
t.-:st. t,N snc.,tas.
Tre -*c:rtary, IL hu last rrIort, Inform
t. sn1, .Le An,ulrt ri currency, In Ill forn
a:.a1t 1t. Ike country Rxs shout nine h1
u-tt 1nt..!cot. So ftE As the imitation
= e1.;.l ) 1ause1 the premium On grld, It
4!si &C. 1hnf llc extent of the inn1t}on n!
j., s-r.tet At ly the extent nt the pscmlu
Jf:l,. ,..es:l!r.a Is - Per cent. then there =
Sv.sc;e7 7t.rec-tAlf:cenths more PAPER II c
c..e:io, ,A2e NC neel- hsrn-thitteenths
,..r hua1lrvs satlls,ns Is abant tHu hauds
7-:l.I.p.: s:p;ns!ac ttls sum to rrrsct,
fhr asat:u.l We Should hsre 10 withdraw,
,-c,,r to rr.u-o q epocir payments, how 10
!. :sc xxth y .;hdrasal would take plAce,
.ac c;:s~.s nou in o,<T.t'e,n! The Seses.
Z; ..e Treasury IA hl+ last report thnntt
,aerc Notth ~ m .1ccr, Of exrensc. o
+,euuc this scxr of>tl1e,u,ao go. Bat dar
"" n.s. year lie expects surplus or m
1...r. :Lst aa;u3u& and 20 m taeucctorua
s..u..!1.ia, Secretary tlnpty withdraw tt
4;:>sl..laa rLr surplls uf Lis tpceipta o
Il. csr~E1tufes Ire e,uld- net fall LII II
.cs:. i.c1n tkls tiu4c t< have Withdrawn
tn:N uecessary 70 ress,rc rs to specie I
n.sLtt. II i1.rtt n1italt. vas eiEtt year
Nt.r win Napoleon, y. hhou1d be III
us..r, sts:nsr erecie pa 9usut In ooe-t
=: :hf i;:ue. Ret tie rrtu-Ek Of Frvcnue
y" a.@t s.rrc qu2ree. Of ,the p
s..t ,esc~l yea. lrdirstn thai Il
w:1t II. CT e5ceu Of rec1Vss ovcr
l~a!,,:::r'.s iG.!nss, the rrosen, year, BY
IL. 40 In This ea4- two IcAss would su
:. .-.ns us Up to tIrcie Fasuaeun-
Fn1 u1.s:er.o. ntL tte refusal 70 4,cstav I
e.. ...an-t:nafs 1",~srs ua SecsttEy Nc
lscu tetf,' lie not -snly tnotlErs II ecoos
tv: VI ea-!apn. There Is aa tic razt oi
r:,.1trn&, a,,G 81 Sec1rt4sf,~ Seward and
1>r..,.>es, sa. a,n..sIio1. dLt.oA.lon to a.ru
4, I'll. u.t4 ivrs 1oE.Ea k!ch do not
~ 10 ..rsa, snd to acect cont
:. hi Tic lat tnak!eg power And for
,n>,'.. Srrr II there oflcea
III :tr.s r,scns:Iuetion ,oilcy obcgtd The
"l:'.' Esn-rr>s p1s%ed for their guild
sssi.:h,f HNtlilch admits lis open
tarl the att !1npoesug \ test oath
a4,iroi,,tratn. ofSoutheln officers, sad h,
II s!4 !r.i.:aE fts bis senesisr calL
~ f."11-r+ i, q The lar- LII Of thes
e~r> .temsd 10 think That thcJ wefs The
mes.ac ;crtr on tbs ~hrle subject og +
: s-r .ction, rGd .lat conErtsk hid no n
:, .t,e::*, 20 ecea:m tbcIr drc7erz Sc,
> e:t- 'aln.ea tas shstel st'iy tn lhe Pretld
rec. 1..,rIet:es hlnpder ard 10 llts disIp.
u c-tsc aE'l exercise iirr-i iUnslbIe poRer
TIE ricIle, Hho trc conkc1ous Of tbelr
lisbill!t Ia Re rsi.taken IN ints1eate quest
q iLarte, lI. p'ho under.tsrd 4 for thcsas<
tho e:,::p,r Errhle1:a Of rceonsuretion,
ctNc it.s! tkc Scts-tAty does not undes,
! the iastey, End ETC led ta Suspect That b.
e+t f-I..t3t "a tf.r f1ru,cr 1knv ,nh,
1%E;S.e slst better haznors would -
1-t::",. certainly Would, tet~ cen thu !
Es0r@t ard trEseneu thxt izsus ft7 =
LIZ.