New-York tribune., 1867-02-15

in the opinion Of the Secretary OF the Navy be ample TO
enable the Government 10 have the sale and exclusive
said Back Channel and both shores thereof The
said Island and appuftenances to be held for naval pu
poses by the Government OF the United SateS Orded
that the said League Island marsh adjacent and Back
Channel with its shores aforesaid shall not DC received
accepted until the title to the whole OF the same as
herein described is complete and mdefeasib nor unless
the acceptance thereof shall be recommended oy Board
Of officers 10 be appointed by the Prcsdent; Prordcd
tcr that League Island be selected, the Navy Yard
at Philadelphia shall he dispensed with and disposed OF
by the United states as the public convenience VIII
admit -
1.-THE CLERK OF the House announced the refusal OF he
House 10 rccedc from its amendment to the Teunre OF
! Office BILL and It's agreement TO a committee OI 'oh-
Mr.. WILLIAMS Rep, Oregon moved that the senate
insist and agree TO the Conference Committee Agreed
| THE ELIOT BILL
Nj. WADE Rep, Ohio moved that the Senate take up
| Ar. SIERMAN Rcp.. Ohio, made an effort to get
| his Compound Interest Funding bill, but failed.
Mr.. WILLIAMS Rcp., Oregon moved th0t the senate
take the bill for the more effeent government OF the
The Louisiana bill was taken up and read second
| time
Mr.. TRUMBULL (Rep, M spoke of several amend
that would be necessary to perfect the Louisiana
| bill
Mr. WADE said il might be that the Louisiana bill was
perfect IL could be made. but he gave notice
that If attempted TO carry the work OF amending
il too far they might lose it altogether. He wished it
understood that when the biz came up he would sve
the Senate no rest until it was disposed Of.
Mr. SUMNER Osep. Mass said he was In favor OF both
buls-he bill Of Mr. Wade and the bill Of Mr. Williams
The the right way 10 reconstruction the other
was the right way 70 protection When the Louisiana pn
came up for considerations he should offer al amcrd
mcut, consisting Of three sections. The fis ppcah All
Rebel legislation beginning with the ordinance of secs
sion except such may be necessary 10 keep the Cow
cnueut i'm notion IL there bc any such; the second
auls the Intermediate dccrces OF courts and Ger
tain powers TO them and the third requires an oath to
support republican form OF government, lie hI uLd'I
alcn Ee said, 10 -, forth what we Ought to require oI
al the Rebel Ftatt drittS oI l'lll Wi"l'
tnry can De admitted Ia the privilege OF ciIcnsmp 49,
Mr. FFssENDEN Hcp. Mel said thc lhl indicated by
Nj Williams received the unanimous consent "f The lc
construction Committee, of those who were present
when was agreed upon Ih" Louisiana nI; wa illu-
cable only state, and was Therefore ~ lr Efun-
"a Importance than the others H. nc tolise oi ms re-
marks Mr. fcsscndcn iniimaicd that J., Wa idWf 81
what is known a. the Baiuc amendment "hith W." OF
fcrcd to The bin IN the House.
M WADE ry request, consented 10 the pnsipohUntht
the Louisiana hill until tomorrow and tat be lht
cd IN the MT an time with amendments
TIE MILITARY PEcoNsTRUCTIoN BILL
Tie hin OF the Reconstruction Committee was theh
taken up read a second time, and ordered o be printed
guE couroUNp iNrEREsT FCNDIyG mn
MI. SIBERIAN rep, Ohio then called up the com
pound interest funding bi which was read at length
Nr SHERMAN said he was directed by the Finance
Committee 10 offer an amendment TIE last clause oi
the ri-to strike cut Grhty' aud insert . lnndr"d
So .s 20 mako tie clause read follows: Tina; the
amounts such temporary certificates at any tne ont
standing si.au not exceed hundred millions The
amendment was agreed 10.
NJ. SHERMAN said tho ohcc' a ths hin was to pro
vd. u part for the payment Of the compound Interest
NOES lie had au official statement ~ the amount 81
thcn and when thcy maturcl, showing that during The
rrc.cnt year. sggc,5oo would mature upon wlhci the
interest was So sioo making sIlsuooo o,hc provided
for b,foI, The frt % January urNf Finy millions "i
dollars paving interest InauI,l on tAat day and rfi" o
Sog,u.rr S5e.NuOO. The question WIS how ttis must
b. Maid Mr. sherman than stated tho amount 81 cur
r.u,y ou hand aud uh,u ~ Was ard from an oAcAi
fiatrlrt of Cen .p.Lrl oi Zoe treasury h'l"i ,u.'
NJ ~ l n"aI,T ,,,, cf com o Land snoainr IL G." Doc
@'- w. w. ,,ib sgofs-, .11 belonged 10 iudi-
II.... uuon gold ,cI'.nratr.. H. estimated 30"
,'',rni D., Soi Ja.l 49, 20 s~poco 10 con
tended that the gold bsaLcc sAohld i' "' "hlN',"'
bat -houd b. toi- steady lr.tlV, io maintain th'
uov,r Tire Cove guI'nt. 20 pIe',m td'iu"uo HH" '
Ircpalr 20. tho contingency oi declining ny N,W, "l.
foI rIccc pay monte Ihcir"Ic thc n"It"' ol n"ht -.
hand could lot be- lollc upor 70 amy considerable g''i
10 pay thc aeeIu.ng '"niGan&a & i1I, , .,r ,I,r
pu.d-lear.ug bouds Tie whole oi thr Fuhie o. ne
auout a. s.eooo0o 1,is iu mo- event ought 80 D. in.
. creased. The compound lt,'rri hot.0 shoWn H H'l
d. further issue cf legal tender uofc.. Tile pilAu d d.
'Lut Increased hyyond l- present limits, '"u' lANd!
Z aud would hot be q material burden upon the ptp'.
Nr. sherman then stated his oiJ.cohs 70 Iu'.! ,''
~ legal tender notes IL not the policy Ol h GOV
,,et tcnnt,c-ary ryu.n which could not be guarded
against. Tho ma siHum ~ currency has been Naeh'o
and passed, and TIE nw provld, Ioi gradual ltn't"h
THIS policy mustIot be departed nom unL 'ntnc pay
ucts are fcsuIucd This might I've severe on lt people.
hut NJ absolute necessity, which no uStOh deeply
IL debt could avoid The only remal.n rG,oufe ""s'n'
temporary arrangement proposed IN the bill
! vi TR NBULL i3cp, ~ said be had MOI eNrectfd
that ut bl would bee called mp today. lie supposed II
W.. dscl,s. 10 Offer any opposition to 1t, or attempt To
! discuss II.
The bin was then passed as amended, and TO the
| Housc.
~ pased by the Senate the bill IN the following Ian
/ gungc:
Ic aenactcd by NE Scale and House Of Representatives
Of the United suites of AHicrca in CoHg,ts assea6cd
Tlat for the purpose of rcdcemng aud retiring a! com
pound interest outstanding, the SECRETARY ~ the
Treasury hereby authorized and directed 70 issue TEN
porry loan certificate in the manner prescribed by see
/ United States notes, and the redemption or iundn$
thereof aud fOr funding the floating debt Of the United
States approved Feb -, 1862 bearing Interest ut rate
hot exceeding thIcc pr ''i.tu ll aIli @ III J
interest payable IN lawful money OH denind, aud sad
certificates Of temporary loan may constitute ana bc hcd
by any National Bank holding owning the rs part
o provided for IN sections 81 and y OF the act
by pledge of United States bonds aud o provide for the
circulation and redemption thereof" approved June b
reserve OF such banks shall consist ~ lawful money of the
United States aud provided further That the amount OF
such temporary certificates at any time outstanding
shall not'exceed sloOooo,ooO
! Mr. CHANDLER Q}ep, Mich) moved to proceed Ia the
| consideration of the Niagara ship Canal bill, pending
which motion the took recess until O'Clock.
EVENING SESSION.
The Senate met at o'clock this evening.
TIE CEMETERY BILL PASSED.
Mr.. WILSON rep, MassJ eallcdup the bill to establish
! To the House for concurrence In amendments.
The bill provides that IN the arrangement Of the Ma
tl0na cemeteries established the burial Of deceased
soldiers and sailors the Secretary Of War Is hereby
directed to have the same inclosed with good substa
tia iron fence, and To cause each grave to be
marked with small hcadsonc block with the number
of the grave inscribed thereon corresponding with the
number opposite 10 the OF the party In register 0i
burals be kept each cemetery and at the office OF
! The QuarcrmastcrGcnera which shall set forth the
name, rank, company regiment date, aud death OF ihe
officer soldier II unknown, 10 shall be so recorded