The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-19


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said bonds and oiher evidences ~ ns,urss
All interest accruieg upon them shah b ~ oissI
osn DEB, o. TIE United state 2 e 49, ia :.
after ,s sG.s q ss ss 'a .s
said sinking fund least newsPspsE eaelihedi "
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epo the .s,ae :" easn o os as are
snt here With shall Be- and the hereby repealed
The House having extended tho time fxed for taxing
q recess until nny-hve minutes past fur r NJ theu
took recess until haif.past seven O'clock
Evening session.
The House met for debate at haiipast seven O'Clock.
There many members present. but the CALLER -
showed pretty far attendance Of spectators
REcoSsrRUoros
Mr.. WARNER. lrep OF Conn, addressed the House 10
support OF lhsEeconstrucon bill. He contenfed that
the State governments Of the South were as deanct -
were the governments OF ancient Rome, Palmyra o.
Thebes The OF the Executive power 10 attempt
lag 10 establish and recognize ths
late rebel States evidently intendcdto thwert and
benon Ia the hope Of Warming into llfe party which
would retain tho President In his position No concos-
sicns by Congress. except those whicn would have lei
could have averted the storm The warning Of
Sir Edward Coke TO Charles l., when Parausns
had before il tho restraining Of tho kings pre-.
rogative, might yet receive even a more significant
illustration than IL did at that period OF English
history The rejection the constitutional
by tue Southern Legislatures proved that sterner and
more effective measures we're now absolutely necessary
The work Of restoration would never commence UNI
Congr ss assumed Its functions Of the depart
ments Of The government until Congress declared THAI
the President had psurped duties and until IL de-
care that had the solo prerogaiige OF deciding what
were legitimate governments in the Soathern States.
CONGRESS- must give citizenship and protection to the
blacks OF the South. The equality OF all men In the
land would come II cost tho nation the highest
penalty r. tho century. Congress must assume
the Jurisdiction Of the Southern States Tho
action OF Congress was not for this hour
constitutional government, the destiny OF continent
and the perpetaalion Of LIBERAL institutions.
ss tse he oer M Seo on e
ton that ali the lcuiiy between Congress and tho
President and the delay in the reconstruction Of ,hs
rebel States from the fact that the President bad
trampled under foot tho principles OF democracy IN
making such indecent haste reconsiute the stats
OF the South without consulting the people
and the peoples representatives. Tho President should
have called Congress together Immediately upon the
close OF tue rebeluon but he dstrused the people and
Congress aud with the President therefore rested the
responsibility FOR the present condition Of affairs.
THE CONTRACTION or TIE CURRENCY.
Mr.. CLAaxE, (rep) of Ohio followed In speech on
the financial question: arguing against the policy OF con-
currency to three hundred millions Of dollars, as
recommended by tho Secretary OF tho Treasury,
w Ds h BE- o to, 70 ss nros
| himself 10 the national banks; but
he held that instead of tho paying eighteen
millions year in gold to those banks for the use or
their paper money the government should i;sef issue
all paper currency and continue 70 do until the
nationn debt shall he exlpguished If the governments
were issue thousand millions Of currency and re-
deem s interest bearing bonds to that amount tho an
uual interest would be reduced sixty millions In gold
and the debt would be rapid process Of extngush
ment
Sir. KuyKEspAI, lrsp) of H., addressed the House
the subject, ctnendins that tho Treasury De-
partment should be recognized by tho appointment Of
board OF control 70 be composed OF four 1--WE
bcrs OF whom tho Secretary Of the Treasury Shall b
one, and that all banks, State and national shall DO
abolished THIS the proposition contained bill
which introduced short time SINCE He proceeded
develop his views support OF the proposition and
to prove that all the existing ideas about money
and that capital is the enemy Of honest in
dusiry. a7si et rt te9 a%
AT ten mInutes past o'clock the House adjourned