Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-12-12
CONGRESSIONAL.

Mr. 81 drill (Vezmont) continued his speech
IN advocacy OF his bill 10 increase the value Of
proposition Of Hon. X. j. W alker 70 negotiate
loan OF s2S0,OO0000 in Europe on which 20
resume specie payments, ont advocated the
plan proposed by this bill as better calculated
TO effect the desired object He then spoke at
some length on the national banking system,
and the effect resumption would have IN re-
moving some OF ita present evils. After ono
tin from the report OF the Comptroller OF the
Currency in reference TO the revenues derived
from these banks, and commenting thereon, be
SAID Let Copgress-as the lurking purpose In
some quarters has been disclosed, at this lime
aid in this age Of the world, unprompted by
any oyerruling necessity-deliberately add
5000 900 10 our currency, or even issue
United States notes 20 an equal amount with
and in place of he notes OF nationa. banks,
throwing 1915, - 20 Of United States bonds,
now held by the banks, a. once for sale upon
they would bring, and the effect would he de-
plorable- After that, II legal tenders brought
fifty cents on a dollar, il would be as much as
could reasonably be expected. The time
chosen TO carry this bill iRso effect, July 4,
1869, is believed to be opportune.
AT the suggestion OF Mr.. Johnson the fur
ther consideration OF the bill was postponed
ulI Friday next 3'i
The Joint resolution 10 allow Admiral
Thatcher to accept decoration from the
|. King Of the Haw Allan Islands was taken up
on motion Of Mr.. Conness, and passed.
The SeDaIe then went into executive session,
and soon after adjourned.
HoUsE.-The House, At O'Clock yesterday
afternoon, went into COMMITTEES OF the Whole
on the state OF the Union, when Mr.. Wash.
burn wis addressed the committee against
recent treaties Tor the cession Of territory tref-
erence TO which was made in yesterdays
Mr. Maynard said he had no doubt that
Great Britain would be willing to take the
Walrussian bargain off the hands Of the United
Sl3tes and pay Russia the amount stipulated
In the treaty, with, perhaps, bonus; and he
asked Mr.. Washburn whe her he was willing
that the Government should take tina, course.
Mr.. Washburn inquired what reason Mr
Maynard had for believing that Great Britain
had any such desire.
Mr. Maynard replied that he reasoned, a
PRIOR, from the general purpose OF Great
Britain to get all the land it could, every.
where under the sun; and also from the feel-
ing manifested there when it was known that
this treaty was on hand.
Mr.. Washburn, referring to the first reason
given by Mr.. Maynard, reminded him that il
did not apply to Walrussia, as that LAND could
hardly be con sidered tunder the sum-" rLaugh.
teri
Mr.. BroomaH addressed the committee on
the question of the finances, particularly As TO
whether the principal Of the 500 bonds was
pay able In gold or in currency. He argued
that they were payable in currency. AT the
same time he looked upon Mr. Buffers scheme
as dangerous. The road to specie payment was
no easy road II could not be reached except
through terrible privations and sufferngs.
Especially on the part Of the laboring masses
of the country who had nothing to fall back
upon. but yet return 70 specie payments
was necessity. The only question was how
II was TO be done. His own plan was embraced
in bill which he bad introduced some DAYS
since, requiring the Secretary OF the Treasury
to redeem greenback from month to month at
a fixed rate, say 136, TO be diminished per
cent. each month until the specie basis is
reae he'd. He warned the Republican side OF
the House that il me m bers allowed themselves
to be led away by the senseless clamor of
sxpaneion, their seats would soon be filled by
others. s.. - :.
Mr.. Washburne, referring to the statement OF
his colleague Mr.. Rose) some days since, tina [
ne was in favor of a further depreciation of
the currency, declared that it was that admis-
sion " hich he had desired TO get from his COL
,,eague. and now he you'd hold him to his dec.
tive to every interest of the laboring elias ses
and TO the best interests Of the country. Tha,
was the policy Of the speculative. the gam.
blers, the stock. jobbers, and the shysters of
Wall street. His colleague weuld let them
grow rich, but would impoverish his constitu.
ents. His colleague had confessed that he was
In favor OF watering the currency-a sort OF
swill.milk operation. Laughter He would
hold Ms colleague 70 the swill. milk policy, and
would not let him squirm out OF IT, He un.
derstooo his colleagues sympathy with SOL
dieTs. and with their widows and orphans
He appreciated his crocodile tears. Laugh
teri
Mr.. Butler asked Mr.. Washburpe to saw. yes
or no, whether be was in favor of paying the
Flye-twenty bonds in gold.
Mr. Washburne, Ill replied that he was in
favor precisely OF what was stated i'm hi.
speech. Laughter
The Committee rose, and the House, at 40,
adjourned.