The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1867-12-20
conversational.


HoUsE--Representative Bakor of
Illinois, offered a resolution instruc
ting the Military Committee to take
measures for reducing the army to
the lowest standard of numbers nee
essary for the public interest.
Representative Washburne, of In
diana, offered a resolution instructing
the Military Committee to inquire in
to the expediency of extending the
Additional Bounty act to widows of
soldiers who have died since its pass
age.
Representative Spalding offered a
resolution, which was referred to the
Committee of Whole, declaring that
any treaty made which required leg
islation for the fulfillment of any of
its conditions must depend for exc
'cution on the laws passed by Con-
gress in its sound discretion.
Representative Ingersoll, of Illi-
nois, offered a resolution, instructing
the Committee on Ways and Means
to inquire into the expediency OF
providing for the total destruction OF
highwines and whisky seized for rev.
enue frauds Also, a resolution in
stfueting the Committee of-Ways and
Means to inquire into the expediency
of exempting from tax all incomes
NOT exceeding $2,5Oo, which were
adopted. aa s-
Mr.. Woodward, Democratic men,
Der from Pennsylvania, made a
strong legal argument on the i'm
peachment question, taking the same
general ground as the majority OF
the Impeachment Committee.
SENArE.--The President sent to
to the Senate a message giving
his reasons for the suspension OF
Hon. E. III. Stanton, Secretary of
War, on the 18th of August last. A
copy of the message cannot now be
procured for publication, nor was
the document read in open Senate.
e Mr.. Sumner Of Mass, presented a
petition from delegates claiming to
represent $4,000 colored Kentucky
soldiers, asking for the equalization
of bounties. rs
"A bill defining that members of a
deceased soldiers family are entitled
to his bounty was passed. The lin
itatiOn is to wife and children.
Senator Wilson introduced q bill
for the reorganization OF the State
Department, which, if passed, will
make some radical changes, and eff
feet reduction in expenses of $500,
000.,
Senator Sherman, from the Finance
Committee reported a bill, agreed
upon by the Committee. for the issue
of 6 per cent. bond to run forty
years, payable at the option of the
United States after ten years, inter-
est and principal payable in coin,
One per cent of the interest to be
retained by the United States, one.
half per cent. of which to be paid to
the States in proportion to the popu-
lation, and one-half to be applied to
the payment of the principal Of the
debt. Holders of 5 90 bonds are re-
qnired to convert into the new bonds
at or before maturity /; and holders of
the United States notes may convert
into the bonds, or may demand United
States notes for bonds, at par, provi-
ded the amount of the United States
shall at no time exceed four hundred
millions. The Secretary of the Treas
ury is required to hold fifty millions
currency in reserve for the purpose
of redeeming the bonds. The privi-
lege of converting bonds into United
States notes shall cease with the re-
sumption of specie payments. An
issue of 500 millions of Al per cent.
bonds is also authorized, principal
and interest payable in Frankfort
or London, with specified rate of
exchange, into which bonds held
in Europe are to be converted, or
the Secretary of the Treasury may
sell the same at not less than par
in lawful money for the purpose of
redeeming the bonds held abroad.
These bonds are to run forty years,
and to be payable, at the option Of
the United States, after twenty years.
The bonds issued under this law are
to be used only for the purpose of
funding outstanding Indebtedness.