Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1867-12-18

ASHINGTON. u. G. Dec 18th. 1867.
Ma. EDITOR Impeachment having been
emphatically defeated by nearly a two-thirdr
vote, Vermont being solid against it. the
House was left at liberty to begin the week
fairly and with promise that the session
should not be proftless.
The first act passed has been worthy Of The
10th Congress, NJ completing the work of
Justice in this District. 1t was to strike the
word .. white = out of all the District laws,
for the more express purpose of allowing the
colorcd people to sit on iuries This the
President is expected to veto, though there
is little doubt Of it's final passage The only
dangerous sign is the abandoning their adj
vance standpoint by some Of the Pennsyl-
vania and other members. in whose states
equal rights unpopular, and who desire
reelection rather than maintenance of prin-
ciple This tendency i manifested by
lodging of votes, thereby enabling them to
be all sides necessity may require
They seem to forget that right is the same at
all times and must prevail, and by their
very temporizing policy and hating support
of the principles they themselves have ad-
vanced. the people are led to distrust and
must cast them off us leaders. This dstrust
in the support of the people, if manifested.
works corresponding dstrust in the people.
and finally defeats a good cause. where
little boldness and frmness might and doubt
less would have made il successful
Work has fairly bcgnn in both Houses,
and though the Christmas holidays are Just
at hand, when they will adjourn. they can
have the consciousness of having commenced
in good earnest that which is before them.
There certainly seems to be more interest
manifested in the subjects now before them
than have ever seen in Congress before, and
every one is DESTROYS to adopt that mode of
dealing with the finances which shall be best
for the country. To this end there have
been numerous propositions submitted re-
garding the national banks, the currency,
the debt, the taxes and the bond.
Mr. Morrill,, who is generally considered
the ablest financier in the country, recogniz-
Ing the necessity of sound currency basis
has introduced a bill to raise the value of
legal tender notes to par. 1t provides that
after July 4th 1869, the Secretary of the
Treasury shall pay coin for all legal tender
notes. If before that time, any excess of
coin over $75 900 900 accrue, after paying
the interest on the national debt on the LIST
of January and July of each year, the Secre-
tary shall sell it within thirty days All
national banks having less than twenty per
cent. of their capital in specie, shall hold all
coin received interest on their bonds in
stead of the same amount of greenback re-
serve now required. That national banks
shall after July 4th 1869, redeem all their
notes in coin and any national bank failing
TO comply, shall forfeit it's charter and in lieu
thereof, a new national bank with an equal /
capital may be established.
This bill must commend itself to the iudg- /
ment of all who carefully consider it, and |
disposes of the currency question very salts
factorily Mr.. Morril's speech in support of
it's provisions was clear, powerful and worthy /
of a statesman, and must carry conviction
to the minds of those who read it.
Mr.. Poland in the House introduced bill
to amend the national currency act of June,
1867, so that the stocks of national banks
may be taxed by states, but not at greater
rate than other moneyed capital This
measure would satisfy those who oppose the
national banks on the ground that they are
exempt from state taxation.
Mr.. Perham of Maine introduced Il bill of
he same import with Mr.. Poland's, pro- j
riding in addition thereto that such taxes
shall be levied where the holders of stock