New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-03-17
Mr.. MoRgrI-Then the gentleman does not mean :

controvert the position that the Secretary has more
power given him in the bill than meNiy TO exchange
these bonds for bonds and notes now outstanding.
Mr.. STEvEYs-I mean to say that he now hes the
power 10 convert all this billion and half Of money,
Mr.. MoRRILL-Ihe gentleman also stated that the
Secretary proposed in his report 10 reduce the amount
of Legal Tender notes by $500. 900 900 annually.
MIR. STEVENS read from the Secretary's Report, In
which be says il will not be necessary TO retire
than one hundred, at most two hundred millions OF
notes in addition TO the compound interest notes. and
repeated the assertion that the Secretary asked the
right TO contract the ereenbacks aud legaltenders
bearing gold interest of six per cent Assuming the
Secretary TO retire hundred millions Of greenbacks
IN this way yearly for two years. he would by adung
twenty millions annually to The taxes OF the conn
try, pay interest on what was not now paying dollar
OF interest.
Mr. wTxrwoR1H-win the gentleman from Pennsyl
vana state whether he combats the policy OF the Secre
tary OF the Treasury on the ground that his own policy
will lead to specie payment sooner than the Secretays
whether he. and those who go with him. are not try
ing TO put off the return to specie paymentf
NJ. STEvENs-I am for specie payment whenever 1t
ne arrived at without crushing the business Of the
hcountry death. for arriving at specie payment
and ei for allowing The business Of the country
on. The business of the country now has not more
circulation than there Is required. Whence this pre-
cipitstionf We have hardly got out OF when
we find another now made upon the business Of the
country Pass this bill, and instead of $780, 900 Of
internal Revenue received last year. You will not have
$3.50 600 600 next year. The people win be able
pay their taxee The business Of the country viii not
endure it.
Nj ~.
from Pennsylvania al through this session closer than
any other Ean but when this great Republican party
formed, we who were original Democrats. TOOK up
our cross-a great cross Laughter lwant Linn 70
state distinctly whether II he could to- be would
have specie payment restored.
Mr.. STEvFNs.-I do not know anybody more able TO
carry the than my friend from Illinois Laughter
Mr. WENTWORTH Dressing him to the poiut. regard
less OF tie little parry)-Wou!d you have specie pay
ment tomorrow
Mr.. sTEyESs If could have specie payment to-mor
without arrangement.
Mr. WTYTwoHTH (dcrisively) That is what they
said in the time Of the nited States Bank Laughter
Mr.. STEyENs-(n a conciiatory tone)--lf ii were TO
6erange the business Of the country would postpone
IT. L. could have it without that arrangement. l
would have it tomorrow.
MIR. WrNTwoRTH-fwith gesture Of impatience)-
How long will be before you will have spec.a pay
mentsi ILaughter.l Will you compromise on one
YEAR, IShouis of lauehter.l
| Mr.. SITvTNs--No. Sir. nor two years. England
after her great wars with Napoleon ending In 1918
did return to specie payment TIL the latter part OF
! lea.
Mr.. GARFIELD stated that he thought the law there
was TO lave gone into operation ou the tot January,
1923. Ihoy had practically returned to specie pay
mCnt in the Spring Of le2l.
| Mr.. STEyENs-Yes, for small sums. Do gentlemen
expect that when Great Britain with Ill the commerce
OF the world unable TO resume specie ~! ent ior
eight wears after the conclusion OF that war. and then
tl il by such gradual legislation thet there should be
shock, are TO put IL into the power OF one man 70
resume specie payment here in single days But pass
this law and the day of specie payment Is lar distant
indeed.
/ Mr. WENTWORTH (reiurning 10 the chargc>-Ihe
2, uileman and Iare acting together now.
| Mr. STFvENs--NOt bit Of 1t. (laughter.l
Mr.. WENTwoRTH-I think he is honest. (Laughter.)
/ l mean 70 be.
Mr. STEvESs-I will inaorse you well as myself.
! (hierriment)
/ Mr.. WFNrwoRTH-The question IT, how far we can
travel together with another while we are together
when No can no longer act together honestly we VIII
part. What want my friend from PENNSYLVANIA TO
here MIR STEVENS looks at lis watch with the air
of patient mariyr)-He wants to close me on
/ (Laughter)
/ Tie SPFAKrR-The gentleman from Pennsylvania has
/ only five minutes Of his time left.
| MIR WENTWORTH addressing Mr.. Sevens)-Nou
inst state TO this House fairly and canddly whether, II
we follow You. you can lead rs TO specie payment
Shouts Of laughter) and whether you would, II you
could Now. play fair.
Mr.. srYvEss-My friend need not appeal to me as q
Republican. know no parry on tbs question
Mr. WESTwoRTi-I follow You because ] supposed
Won were a Republican. Continued meriiment
MIR enthusiastically. all can say IL that II be
Ieyod we could specie payment within month
without breaking down manufactures and opprcssing
She people, would If had the power order nat evei
resume specie payment . ,.,,
Mr. wlSTwoRTH-BGts suppose Mr.. McCnllOch can
do itf Ill.
Mr. WKsTwoRTH-I belieyc he can. therefore shall
! Mr. sTgyRSs-My friend from Illinois is honest and
ba- fith ike two grains Of mustard seed. Laughter
/ Mr. WFNTHORTH-I have followed you on the mig
| retp question. lShouts Of larghterl
Mr.. STErENs-And shall be glad TO follow my i1tnn
Mr. Wrylwoa1n-I don't want yon 10 follow me.
want dollar for doilar. VIII you give US specie pay
Nv sTyvpys-I hive said that would II could.
| Mr. WEST1goRnI-Well. Mr.. McCuiloch will do II.
| Mr. sTEyESs-I will not go for giving toany mar
the power coneusd in this biii would hafa! eltius
i: TO ny friend Wentworth himself
Ir. WrSTM onTii--Well i trusted you Oh the negro
question and want you to trust me on foancc-piay
The seene between Messrs Stevens and Wentworth
was greatly enjoyed by the House. Few members were
in their seats but standing IN the area and III th'
aises in the vicinity Of the two principal actors ap
plauding and encouraging them The hour OF ~ ha'ht
| arrived the House took recess TIL y T. W.
i Evening SESSION.
Mr.. scHEyCK FROM the Committee on Military AhMt'
reported back, with substitute the BILL Tor me estaD
shnent nrd reorganization OF the Army oil me thiee
States nd asked that it be ordered 20 be pTnted anc
! recommiitel. II so ordered.
Tie Senate BILL the same subject was taken TOT
the Speakers table. read twice. and reeireu " III
Coiumi,tee Military AfAirs. go, 49,
One thousand extra copies Of each Bill were ofdeie'
to be printed.
! MEMORIAL OF DREssMAKERs.
Mr. R,yyoyp presented a memorial Of Miss Estel'
Carr Mrs u oil and other dress.make:s OF the cities
New. y ork and Brooklyn praying for reduction 0
the internal tax on their business "hich wal
referred TO the Committee OF Ways and Meabs
VARIOUS MATTERS.
! On motion OF MIR. LArIIS of n. W the COMMIT
tee on Printing discharged from further consdera
ton OF the resolution 10 regard 10 printing aVV cope
of the Rolls Of Honor prepared by the Quarterinas'e
Gu motion Of Mr. DENISG (of Comm. the Committee
on Military Affairs discharged IRON the iuithe'
consideration of the memorial Of the County CoInms
sioners Of Frederick County Md Tor repairs on nfaees
over The MoDocacy River. destroyed by Maj Gen
Lewis Wallace and it was referred TO the COMMITTED
RELIEF OF MILITARY PRISONERS