The national Republican. [volume] (Washington City [D.C.]) 1866-1870, 1866-04-10

more II necessary but he thought u ominently
just and proper to provide for the payment Of the
debt as soon possible, and gave his hearty mp.
proval TO the policy of tho Secretary,
Mr.. Howe was opposed to putting provision In
the bill TO enable the Secretary 10 go to foreign
countries and peddle the credit Of the country. II
such necessity ever had existed, u did not now.
He was not one Of those who thought II ever had
existed.
Mr. Morgan said large discretionary powor must
be lodged somewhere, and why not with the secre-
tary Of the Treasury. 1t was no new thing to
him. Our debt wns unprecedeutly large, and
measures should be taken to reduce 1t. lie ex.
pressed himself in favor Of the policy Of the Sec
Rotary
Mr. Cowan was In favor Of the bil and could see
no possible objection to it.. 1t was avery simple
remedy
Mr.. Chandler said this bill was a surrender Of
the Treasury and all its safeguards into the hands
Of one man, power which no man on earth ever
possessed before II there was any necessity would
be willing to grant 1t, but there Is none, and why
give him absolute control over the entire indebted
ness OF the country. What Is our condition. Our
receipts are lessenng the debt daily, our credit is
materially improved and is improving daily. be.
lsve with the Senator from ohio, Mr.. Sherman,
that II the Secretary will only cit behind bis dosk
and pay the accruing obligations, everything will
come right. 1 am sorry that the Senator from
Maine Mr. Fessendenl seemed so anxious TO press
this bill to vote to day. lam DESTROYS that full
Senate should be present. In my opinion, II
passed Il will be the most dangerous bill ever passed
by Congress move, Mr. President, to recommit
the bill to tho Committee on Finance.
Mr. MeDouEall said the late Secretary (Chief
Justice Chase) never had any financial policy, The
present Secretary came into Office with the conf.
dence Of all in his ability as 1nancier, and has
established policy. Senators seem unwilling to
trust the Secretary but is feature OF republican
governments that public servants must be trusted.
The question was thoL taken on the motion Of
Mr.. Chandler to recommit which was decided In
the negative.
The question was then taken on the amendment
offered by Mr. Chandler; which was disagreed to
by vote of SO 10 6; those vii & in the affirmative
being Messrs Chandler, Howard, Howe, Norton,
Sherman and Wade.
The bill having been read three timos, was passed
by the following vote:
YELs-M.ssfs An hony, Brown, BuekGlew, Clark,
Iesendcu, Foster, Grimes Guthrie, Harris, johnson,
Kirkwoud, Lane OF indians, DousAll, Morgan, Nor
rill, Nesmito, Ne Poland, ronsrSy Aiddle sumner,
va
Nlrs-Mcssrs. Chandler, Howard, Bowe, Norton,
Ramsey, sherman and wade.
1t Is ns follows:
SEC l That the act entitled IAN act to provide
ways and means to support the Government" APP
proved March 3, 1865, shall be extended and con-
strued to authorize the Secretary Of the Treasury
at his discretion, to Give any Treasury notes or
other obligations Issued under any act OF Congress-
whether bearing interest not in exchange for any
description of bonds authorized by the act to which
this Is an amendme at and also TO dispose Of any
description Of bonds authorized by said act, either
| in the United States or elsewhere, 10 such an
| amount, IN such manner and Mt such rates Us he
may think advisable for lawful money of the United
States or for any Treasury notes. certificates of in
debtedness or certificates of deposit or other rep
resentations Of value, which have tscn or which
may be issued under any act OF Congress, the pro-
ceeds thereof to he used only Tor retiring Treasury
| har oh iasnpd unln mn nat f
Congress: but nothing herein shall be
stTued to authorize any increase OF tho public debit
provided that Of United States notes not more than
| $40, 900 900 may be retired aud cancelled within
six months from the passage of this act, and there
after not more han 81 900, 900 in any one month;
and provided further that the act to which this is
an amendment shall continue in force in all its pro-
visions except as modified by this act
| SEC 2 That the Secretary Of the Treasury shall
| report to Congress al the commencement Of the
next session the amount Of exchanges made or
money borrowed under this act, and of whom and
on what terms, and also the amount and character
Of the Indebtedness retired under this act and the
act to which this Is an amendment, with detailed
statement Of the expense OF making such loans and
| exchanges
Mr. Wade made personal explanation. lie had
alluded on Friday to Mr.. Voorhees, as being con.
necled with the Knights Of the Golden Circle. The
Senator from Indiana (Mr. IIeudricks) had denied
it, and he (Mr. Waiel would have of course with
drawn Tue statement. he hlu seen thD statement
in public print but was now satisfied there wn'
no foundation for it, and it gave him great pleasure
tosly
The Senate Mt 3;45 p. m. adjourned
HOUSE OF REPRESENTATIVES,
The Speaker laid before the House n cOmmuri
cation lrOm the Secretary of War in response to
resolution Of the House, giving n sthtoment Of thu
amount paid to the Illinois Central Railroad,
Also, II communication from the Secretary o.
War in regn to the cost Of constructing n shil
channel from Fort Mclienry, Maryland, to the Pa
tapscO river.
The communications were laid on the table ant
ordered to be printed.
The Speaker announced his appointment Of Mr.
Winfield, OF New York, t. the Place the N
mittee of Ways and Means hitherto held by Mr.
Brooks
Ne Winfield was excused from further service o.
the Committee on Foreign Affairs, and Mr.. Radfor
from further service on the Committee on the Pa
chic Railroad.
The Speaker announce ed that the nrst business II
order was the consideration Of the following resou
ton introduced by Mr.. Davis, Of New York, on th
10th day of January, and that the gentleman ftor
New York Mr. Raymond was entitled TO tho foo
thereon for sixty minutes.
Resoired That this House cherish the most or
tire confidence In the patriotism and ability of th
President of the United States in his desire to re
store the Union on the basis of permanent proi
perity and peace and that the cooperation of th
House Is pledged to him in support of the geLerG
policy of reconstruction naugurated by him, In III
modes authorized by the Constitution and consist
emit with The security of republican Institutions.
Mr.. Raymond Of New York, moved that th
consideration Of the resolution DO postponed fC
, two weeks; and II was so ordered.
Mr.. Bou well, of Massachusetts,, offered the 70
! lowing resolutions, and demanded the preyiOu
question upon their passage:
{ Whereas tho President Of the United States di
on the Sd Of My, 1865, by proclamation docIaI
: and make known that 1t did then appear from ev
deRce in the Bureau of Military Justice, that th
Rtrucous murder Of the late President AbrnhNI
: Liueoln, and the attempted assassination of Ia
Hon. William u. Seward, Secretary of State, wer
melted, concoeIed, and procured by and betwee
Jefferson Davis, late of Richmond, W., und Jaco
: Thompson Clement q. Clay, Beverly Tuckel
George N Sanders William Q. Cleary, and oths
rebels and traitors against the Government of tn
United States
And whereas the said Jefferson Davis in III
month Of May, was arrested by the militar
forces Of the United StatsG md has since been bel
in the custody thereof under the authority Of th
President Of the United States; Therefore be II
RsSoired, That the Committee on the Judiciar
be instructed to'iHquire whether there Is probabl
cause to believe that any Of the persons named i
said proclamation are guilty as in said proelama
tion alleged, and II SO, whether any legislation
necessary in order to bring such persons to a speed
and Impartial ria,-and that said committee hay