The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-02-26
NATIONAL CAPITAL.
The Republican Congressional
Caucus.
ITS OBJECT AND RESULTS.
The RADICALS CLAIM A TRIUMPH.
appointment of a Congressional Cam
paign Committee.
Prcsdmsn's Bureau Agents Engaging in a
Traffic in Negroes.
Negroes In the District Picked Up
by Them and Run of
to mississippi.
A NEW SYSTEM OF SLAVERY.
EFFECT OF sEWARD's SPEECH.
Frcedmen'S Bureau Agents Engaging in q
Traffic In Negroes.
A NEW SYSTEM OF SLAVERY
EFFECT OF SEWARD'S SPEECH.
10. DC. DC.

1C1 SSA V& 6CW AhO 0xGGN0.
&c. DC. DC.
WASHINGTON, Feb 25 1885,
JOINT RESOLUTION EXCLUDING SOUTHERN
REPRESENTATIVES,.
The resolution excluding members elect from South
en States until such time the radicals permit Congress
70 exercise It's leniency will occupy the Senate
yow, and will undoubtedly be brought vote before
adjournment Senator sherman's speech is anticipated
v'sh much interest lby both parties his earnest and
eloquent protest against forced consideration OF the
subject, a. was attempted by Wade and Fessenden the
morning after tho Presidents speech having caused
uncertainty To tho position the Senator will take His
assertion that the resolution merely potical de-
darason" involving nothing but implied structure
epon the President would lead TO the belief that he will
oppose its passage
RADICALS DoDGrNo THE QUESTION: NEW PLAN OF
ACTION TO BB ADOPTED.
Many Congressmen finding II convenient lust now
10 be absent from the halls Of legislation They are
disposed to wait until the question Of difference
Me President aud Congress settled before they give the
weight presence 10 either side Telegrams dniy
received by members announcing sickness death in
eir families or furnishing other good for sppca
tson 70 the House for leave Of absence preliminary
meeting OF the faithful held Thad Steve rooms
hst night and the detection found 10 be great
Bingham schsnck, Grinnel Broomall and few others
who Dit in the neghborhood Of Thad in the House
- course present, but there decided falling on in
ne numbers OF the rank and nle. formal caucus will
probably be held tomorrow evening, when q pro-
for n campaign against President recon
sruction viii b agreed upon The rock upon which the
hse radical split took place the admission Of repre.
ssntatves from Tennessee Radicals who favor this will
Do excluded from the caucus To- night Stevens
and his men, who have been quiet for couple OF days
arc subdued, not suppressed IL
fHE JAcoBINs Observation-Disclosures SUFFRAGE
THEIR SOLE HOPE.
During the last two three days several Of wadss
snd Summers abcst coadjutors Senate have con-
fsssed TO belief that Mr. Johnson will win a certain
victory radical onsaughts. Though somewhat
given 70 despondency, these gentlemen averred that
their sole hope TO insure universal suffrage
Senator Wilson'S speech In Friday night ad
vocating the admission Of the Tennessee delegation
would indicate that he participated the Christian resg
nation Of his party and conceded It's prognost catons
q defeat.
SECRETARY HARLASs REsIGNArIoS.
II 10 now known that Secretary Harlan has positively
agnned his intention Of resgnng soon as he shall
have contaminated pertaining to the In.
Department which have originated under his ad-
mnistration.
oUR FINANCIAL PoLIcY-THE FLOATING DEBT. 4
Of the country is known to exist between Secretary
MeCuloch and Comptroller Clarke The following facts
and opinions substantially those OF the Comp
troer, and likely 10 affect legislation by the
act Of June 80, 1894 legal tender United states
notes be converted into compound interest
notes. BY the OF March, 1855, certificates Of
Indebtedness compound interest notes. 1ve per cent
gal tender notes and thirty Treasury be
converted into 6ve-twenty bonds. The four Eve and
nix per cent temporary loan has increased nearly one
half within the last ten months and the whole amount
OF the increase s hand and the government II
paying nteres, withou, having any for the money
The amount Of money in gold and currency held by the
Assistant Treasurer New York on the 10th inst
slo3o46,4 ass The held by Assistant Treasurers
in Philadelphia Boston and other places together with
the amount deposit In national banks be Cast
ATTY millions more, making over hundred and Atty
million dollars hand The temporary loan there.
fore should be paid OF from money In the United
States Treasury authority should be given - issue
bonds 10 pay the temporary loan would he equivalent
10 ng the debt the at least Of the in
crease Of the deposits within the last ten months II
viii be that there Is ample provision without fur
ther legislation for furnishing every dollar Of the floating
dcbt and necessity whatever for any loan
that or any other purpose All be done by mpy
exchanging authority for another Authority might
be given for the conversion Of thirty before
maturity. That, however is not essential hardly ad.
visable. there Ia doubt that the holders OF the
thirty notes viii be willing them into
nvetweny bonds the credit OF the government is
tained. II authority is given 10 put bonds
upon the market 10 an almost unlimited
amount and 10 sell at any price. II is very certain
that the price Of government securities cannot be
maintained with such unlimited powers a loan OF nfy
millions dollars even could not he negotiated without
sinking the price OF all bonds below par as the public
would not know how another 6fty hundred or
one thousand millions might be put upon the market,
II would be suicidal for government 10 make foreign
II bonds sold abroad the price would be based
upon the present currency rate Of foreign exchange
consequently the government would receive about sixty
dollars in gold for which II would have 10 pay hun.
dred dollars Of principal, together with the interest
scmi annually ia gold and the heavy rate Of exchange
commission &c, aud In addition, n the government
price Of gold say twenty per cent II would lessen 70
Just that extent proceeds OF the bonds and in
stead OF sixty dollars the govern would realize but
forty dollars for each hundred dollars Of bonds The
difference the standard Of and foreign gold
should also be taken into consideration hundred
pounds In weight Of British gold coin being worth
thing more than hundred pounds Of our gold com
This under the operation Of General Jacksons Cod
bill reduoing the standard OF our coin.
ID. n" FoRxgy's sTRUGGLEs.
Tcrncy, who was recently dubbed u. D by one Of
ths highest literary authorities 10 the country, s just
nov engaged vigorously In the manufacture u public