Daily Richmond Whig. [volume] (Richmond, Va.) 1865-1869, 1866-05-01
TELEGRAPHIC NEWS.
Confessional Proceedings.


WASHINGTON, April 3O.-sENArE-Mr. Fessen-
den, from the Reconstruction Committee, reported
the bills and joint resolution already published, and
stated in doing So that 1t had been the intention of
the committee to accompany these bills and this
joint resolution with lengthy written report, but
such had been its situation that this report had not
yet been completed. He hoped to be able to present
it to the Senate before long, The bills and joint
solution were ordered to be printed
Mr.. Howe, from the Library Committee, reported
joint resolution for the purchase of the library Of
James l.. Pettigru, of South Carolina, for the law
library of Congress. A bill was passed authorizing
the bridging of the Mississippi at Quincy, Illinois.
HoUsE.-Mr. Stevens, from the Reconstruction
Committee, reported the resolution proposing an
amendment to the Constitution, which, under the
suspension of the rules, was made the special order
for Tuesday week.
The bill for the admission Of the Southern States,
also reported was made the special order for We'd.
nesday week. .....
The bill declaring certain persons ineligible to
office, was made the special order for Thursday
week.
The bill making appropriations for river and har-
Dor Improvements, was considered and passed.
The Late Confederate Loar-Correspondence Be-
tween the English Bond Holders and Secretary
Seward.
WASHINGTON, April 3o-The Secretary Of State
by direction of the President, has examined certain
papers submitted to him relating to the late Coned-
crate loan. Among them is communication dated
London March 10, 1856, and signed by order Of Sir
Provo Willis, X. C. D., E. Morgan Secretary, Fran
els Phillips, c. NJ. T. Weston, W. NJ. Morgan, J. NJ.
Howey. The plan which they propose is that the
United States Government shall furnish TO that
committee a copy Of the contract which they say
was made between Erlanger & Co., Of Paris and
the late Confederate Government at Richmond, to.
gether with the particulars Of the settlement Of the
same. The Committee promise that the outstanding
Confederate cotton loan bonds shall be delivered up
to agents of the United States for cancellation, the
bondholders to guarantee that either they or their
friends will subscribe forthwith to new loan to be
created by the cotton and tobacco States for five
million pounds (f5,OOO0OO) at fifty per centum,
payable in London, the money to be used solely in
re-developing the revenues of these States In the
event of the credit Of the Southern States being re.
stored through the influence of the last mentioned
operation second loan of f5 900 900 to be taken
at sixty per centum within three months after the
placing of the first loan upon the market In the
event of such second loan being successful, then
loan for GlOOOOOOO is to be taken at seventy per
centum after like interval of time
After reviewing the above mentioned, and other
communications submitted. the Secretary of State
says, " am of the opinion that neither the nature
of these several communications, nor the matters
discussed therein nor the form in which they are
therein treated, nor the character of their authors
that of their agent is such as to deserve conside
ration on the part of the Government of the United
States.