New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-11-28
HOUSE OF REPRESENTATIVES,.

Mr.. WASHBURNE (Rep., ID moved that
when tho House adjourn today, II adjourn 70 lSet U
business be done Saturday but that the House sha
adjourn till Monday morning
Mr HARDING scp, M objected the latter part Of
Nj. WAsHBURNE moved that the rule be suspended
IN order that lie might make the motion - 800,
The rules suspended, and the motion was agreed
TO- So the House will virtually stand adjourned from 10
49,. OPTICAL COMMUNICATIONS
The SPEAKER presented letter from the CleiK on te
House, accompanied by communication from Tue seee
tary Of State m reference TO the hng WITH ana Ie pro
tary Reconstruction bill anGkhe JOINT Res0luuon 10
carry into effect the several Reconstruction DIS Lau
Also. lett, from the Secretary OF the Treasury, IN
compliance with the resolution OF March H. 1865 WIN
tatdment of expenses incurred for the Revenue Cutter
service for 1865 Referred te the Commlee on commerce
Personal EXPLANATION BY MR. STOKES OF IEShEssLE'
Mr.. STOKES d2cp, TENN asked leave TO make per-
Several members required that he should indicate the
time he wanted.
Mr.. ROSS Dem, III suggested that he should have
leave TO print his remarks. lLaughterI $500
Mr.. STOKES proposed that he should have half an
The House consented to this and Mr. Stokes proceeded
TO address his feOwmcmbers IN defense OF bis colleague
and himself He contended that MISUNDERSTANDING the
Duncan letter. he could with clear conscience take the
testpath He had taken 1t IN the army ana naa a,5o
denied that there was anything the letter referred TO
that squnted at treason or dsOyalty Inc ieteI was
written on the 10th of May The very next day the news
OF the ordinance OF secession reached his town. when he
told his feOwcitizens they had 10 choose between LIN
coin and Davis but that for his part ne Wou stau oy
his countrys fag II he guilty Of dsoyaty or urea
son. then the whole Democratic party was guilty OF H.
The halfhOur having expired MI STOKES appneu IoI ~
Mr. ROSS objected remarting that the House had had
My W1sHBURNE REP, III thought it but just that
the gentleman from Tennessee should be heard ana he
moved 10 suspend the rules 10 permit MN 10 speak
Mr.. ELDRIDGE Dem, WIS., hoped that II Mr Stokes
were allowed twenty minutes longer, the same length OF
time would be accorded to him (Edridgel IN reply
The rules We're suspended the proPoSI r P nT
ceeded with his remarks defending the present Governor
Of the State OF Tennessee Win reference TO eoloied
did not live on the earth than the coored men, They
had proved themselves such the battlefield and at the
Democratic ticket aud for the Radical Union Ticket Out
and out Instead OF Tennessee not having repsDnc9n
State IN the country that had for the only test was IN re-
any nov and would he trusted take his seat in the
Unite states Senate after Senator Pattereons term had
expired. He expressed the hope that the other ten
southern states would come IN with substantially tho
constitution rs Tennessee has Iecog-
nzng the right Of colored men 10 vote and DISTINGUISHING
white Rebels II not, he swoTe he would vote against
their admission.
Mr. ELDRlDGE replied to the remarks OF Mr. Stokes,
aud defended his ia obicctng 10 the swearing
In Of that member lie wanted TO show the inconsistency
and absurdy Of the action OF the House IN ne KENTUCKY
ease He understood the gentleman from Ienncsse 10
day defend the Duncan letter. II he did then bis
speech today showed that he was not only dsoyala ~
the time letter written but that ne was disloyal
now. III claimed that II was no more i9Sonss'ent {or
Mr. sSses e afe u although e PaE ESr and lad de-
l ~ NJ tonsc maj Inc would freeze ID his chair
before he would modify the testoath" The gentlemen
NJ sialsS Ind cendoned The wrong which had
mitted. IL that wrong came within tne meaning on the
nn M bis hand on gh and before God and man swear
lie had done nothing to comfort those who were act
ing acanst the Federal authority That gentleman
soEesi had deserted his Rebel friends ls6i and
he had only black support him and send him to
Congress The old state Of tennessee had not been at
tackled here II was only that infamous state Govern
nent up by the gentleman lStOke and his friends on
tho foundation Of old and glorious Tennessee.
TAXATION OF THE UNITED STATES BONDS.
reconsider the by which resolution OF his was on
July II, referred 60 the Committee on Ways ana nsan
declaring that the burdens OF the Government saoad Ge
bore equally that taxation should be IN proportion 20
, KcaItb OF This country from its due proportion Of
taxes wrongful unjust, and sh9nld pc aSoaed h anu
OF the Government should be given IN any future system
Mr. WAsnBURNE rep, III moved TO lay the motion
TO reconsider on the table -, -, -
The latter motion agreed to, and The resolution re
mains with the Committee ON Way ana Means
MISCELLANEOUS.
The Senate bills to light the streets Of Washington City,
and 10 change tile Of samuel Chase Barney, Jr, 70
that OF samuel Chase KRAFT, were taken from The
speakers table and referred to the Committee ON the
Mr. CovoDE rep, Penny introduced bin extending
,b t ~ Feh o. sG7 for the relief Of certain drafted
men Referred to the Committee on Military Affairs
Mr. BUTIER on THE NATIONAL FINANCES.
en-, inc Wbd Gas o me State Of the Union Mr. DAWES Rep
n Massl i'm the chair and Mr. BUTLER rep, Mass re.
II nmed his speech ON the finances lie suggested hatif
II Coneress sond enact that all the National Bank bills
which nd THEN way into the Treasury should Oe relaa
and cancelled and legatendcr notes TO the same amount
4 issued the whole National Bank currency would be WIN
II drawn from circulation I'm four or five months ana ls
H place supplied with gTeenbacks rms couu ne u9no
h without Increasing the circulation, ana would save PC
II tween S200OOO0O and S0000OO pad on Dohus WHICH, 80
Il deposited TO the National Bank currency AS 10
II the old state banking system that would never return
II Their day past they bad been got Ild Oh ana Sc
III sress the people would never again pelit M, ~ s
II TO DO fastened on the country he proceeueu 10
II strae how the National Banks maze omVt ,nent
II profits at the expense or the bONCIiln
II shrewd business man, he said whom nc lsuS
4 In bonds then got banking charter ana $500 vent
rency This currency he again invested a. husi,ess he
II home remarked that was all the banking bushes nc
II wanted TO do lie thus got interest on SiV' bii in
II when gold was 200 per cent premium; oionSi t yas
n the way Ia which this National Bank system WORKED IN
II reference to the supposed redundancy OF currency a.
III cuation he showed that while the country ad hohy
II I'm circulation S7G0OO0o0O, II had actually III W %
II only s50OOO O0O while before the there was III olrSu
II ation according 10 Mr.. Chases estimate l0ooVV lh
II Guiding specie, aud the country was now DOING go
believed that the country could bear $1,000 OOOo
hpU that portion of il When was not needed for business
purposes would be brought TO the Treasury and ex'
changed for bonds, and when more currency DC
| and exchanged for currency, this currency TO be
Ina the legal-tonder currency OF the Governments
This would enable the Government TO reduce the inter
esbearng debt to sl5OOOoOOOO 81 200 100000 Of which
would be In lye-twenties. This hewould have changed
taxable by state aud municipal corporations He was
for this generations paying all the debt lie thought
had been contracted with the OF the best blood Of the
country, IN sorrow ana IN travail to save the Govern
shoud have all the burden OF the struggle and the agony
and have the OYeftaNatOn AT last III the bonds were
taxable al homo and not taxable abroad, they would
range much higher abroad than at home, and there
would therefore, In OF q commercial crisis,
be little danger OF their being back The gold GER
tUcates Of the Government wert actually at premium
over gold in the markets OF the world, showing that
neither the ability the willingness OF the country TO
pay It's debt doubted There doubt of their
being payable In gold and therefore they were no pre-
MUM over gold account OF their being In a conye-
nent form But Fiyefwentes not payable In gold,
aud the heywere ruling &c their present
figures. The TenFores, Which bore only interest, were
selling at only one OF Two unefence below Eiye
j he
Fortics declared TO be payable In gold He had been
asked why agitatcd this NATTER when by the time the
inll due gold and naner were Of coroln.