The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-12-06

economical expenditure OF the public money
THIS RKGrsrRAuoN AND ELECTfOss IN THE SOUTH.
Ar. WnLEf lrepl o. W. Va offered resolution,
which was adopted. calling upon the General OF the
Army 70 furnish 10 the senate a statement giving the
number Of white VOTERS and also the OF colored
voters registered In each OF tho States subject the
operation OF the acts OF Congress commonly called the
Reconstruction acts also how many OF said white voters
ana also now many OF said coored voters registered
cast Their votes IN favor and how many agans' tho
Gazing of the convention provided in the aforesaid acts
also how many OF said white voters and how many Of
said ccorec vctos In each OF said States failed 70 cast
ther votes either ~ favor OF or against the calling q
said convention; also, far may be practicable the
number Of white persons and also the number OF col
ored persons in each OF said States who were dsfran-
chsed end rendered by said Reconstruction
acts TO vote upon the call Of said Convention aud also
AS far may be practicable tho number Of white per-
in each Of said States who entitled reg
tered, but who failed to apply for registration.
CONVERSION or REGISTERED BONDS.
MT ANTHONY, rep OF X l. introduced bill % aa
horze the conversion OF registered bonds into coupon
bonds. II Is as follows:--
enacted That the Secretary of the Treasury be ant
der such reraons ms he nav from se 70 Time preaShe
coupon bonds Ia exchange for aud In lieu Of registers
Issued COUPON bonds to be similar IN all respects
the registered bonds issued under the authorizing the
issue OF the registered bonds offered for exchange
The bin read twice and referred to the Committed
on Finance and ordered to be printed.
IHR PRESIDENTS MESSAGE
Mr. ANTHONY proposed that the Senate should take up
his resolution 10 print additional copies of the PreS
that tho impending debate could well be on TIC
resolution introduced yesterday by Mr. Drake.
hr HOWARD, rep oil Nnch., SAID he had objection
provided II was understood that be had the floor
that resolution.
TIE question was put on tho amendment Of Mr. sum-
ner to strike out the clause authorizing the printing Of
the Message and it lost by to 80 votes Messrs
Cameron, Chandler, Howard, Howe, Pomeroy Ram
sey, Sumner and Thayer voting In the Affirmative
Mr. SUMMERS EQUAL RIGHTS
Mr.. SUMNER trop Of Mass moved to take up the
bin introduced by him tho first day Of tho
son to provide further security for equal rights tho
District of Columbia striking out the word "whiten
wherever IL occurred In the charter, aud removing sa-
bes from cice and the jury box holding, ho stated
that the bill the Same that passed last session.
and not returned by the President He had read let
ter from tho Secretary Of State IN reply 10 inquiry by
him. stating that such bill had been received in that
Department.
Mr. PoMERoY, trep.) of Kansas, would support tho
bill under the circumstances, though 1t very i'm per.
feet Intermarriage OF the still forbidden as
wei other rights of citizenship, making Necessary
to have piecomeal legislation.
Mr SUMNER agreed that other legislation was required
but he proposed that should not BIO neglected by tho
committee.
Mr. HnspRcKs, {dem) Of Ina, was surprised to hear
the senator from Kansas MR. Poneroy say that bill
should 20 further of the recent decision Of tho
Senator's state and other states against that policy He
would for such legislation here he would vote for
at home and none other aud tna should be io-
lowed here by others
Mr. JOHNSON, dem OF Md had been unable to bring
himself to the conclusion to tho ri2ht Of suffrage 10
be delegated in view Of tho interests Of the gov
ernment. The large majority OF white people In Tho
United states was q security against any undue pre-
dominance of the black This was was not the
case here, however. Would Senators be willing TO
be tried by jury OF ignorant blacks'
their in defiance OF the They might be aoio
here from their numbers to elect every officer OF the Dis
trict not appointed. Although he would secure to hcm
every right for their protection he would not give
them such would interfere with the rights OF others
The lesson Of the mt election showed that system
of legislation obnoxious to the public sentiment
40 thought they should thereto pause and reject
before they carried it further,
Mr. PoMERoY said ii the argument OF ignorance was
good sanst jury OF the black race was good against
the whites. Every man who hsd right to vote had
right 10 be led In accordance with this bill Some years
ago Indiana voted against democratic principles .he
Senator from Indiana Mr Hendrick did not for that
reason, change his course here
Mr.. WILSON thought Senators should be modest in pre-.
dicating anything the result OF tho recent election
In 1861 after the issue OF the Emancipation Proclana-
ton, they bad claimed that tho republican party
condemned by tho people; but that party went on in
what 1t believed to be right, and justified in IT,
There was, was true, and always had been, prejudice
publican party; Congress had long been ahead OF The
sentiments OF tho country; but time would dssipatc
those preudces ana real democracy would yet obtain
throughout the country.
srEclE PAYMENTS
Mr. Edmunds bill, declaring the sentiments OF Con-
grcss on the payment Of United States in CON-
was taken up.
Mr. Enxuxps resumed the floor and made lengthy
argument. He read letters from Dir. Harrington, As
sisant Secretary OF tue Treasury in 1868; Mr.. Field
Assistant Secretary in 1894 and Jay Cooke different
merchants saying that the vc-iwenties we're PAYABLE
coin, and quoted from Secretary Chase ~ same
effect In the Official Treasury advertisements la 1864
il was said that The whole property Of tho United
States was pledged TO the payment Of all the bonds,
without exception, principal and interest in
Fessenden aud Mr.. Ncculloch quoted as committing
themselves to the pledge. Those who were FORE
most in pressing tins reputation would have hesated
to press such policy when hose bonds wore
maintain tho war. Doubtless they honorable
men lie said. He quoted the well known passage from
"Marie Antoinette,"
What private griefs they have know not, &C.,
but that they had inflicted blow upon faith OF the
government was certain. lie read letter from jay
Cooke claiming that in other country s principle
OF paying the public DEBT in coin been violated. We
had acknowledged the principle during the war by SO
paying H. would neat January; that the respective
Secretaries or he Treasury had committed themselves
TO the sano vcw that the chairman Of the Committee
OF ways and Means having risen in his seat In 1854
advocated the payment In currency, great panic had
resulted, the news travelling like wild FIRE and tho bonds
ialag, great additional expense and delay had followed
raising money for the prosecution Of the war Mr.
Ednunds quoted copiously from the writings OF political
economists in support OF his ycws and closed a very
lengthy argument by appealing TO his hearers not to
violate the piighted faith Of the naton
Mr. coLy, rep OF Cal, conlpi meuted Mr.. Edmunds
having made the only COED argument lbs SIDE. lie
SAID tina, UT. walker, In his letter. insisted on
improvement. Tue pablic credit had rua tie rex
baakrrpting his own imagination Neither n Walker
The secretary OF the Treasury, the Senator from
Vermont (sir Edmunds, while they said what ought 10
be done, had shown that II could be done. There
no necessity Tor tins resolution II, as the preamble
stated the laws authorizing the bonds stated thai the
principal should be PAL coin. There wns doubt
subject evidenced by the resolution, aud he
submitted that they should not commit themselves
tas proposition contained n IT, Would they, from
motives Of generosity, add hundreds Of millions 10 tie
public bardenr IL was claimed thai new loans could
thus ba easily obtained; but IL unnecessary to
consider suca contingencies. He PAID testimonial 10
tho services Of those who had loaned their
money 10 the government in time Of neei,
AID hoped they would be rewarded; but
he looked forward % tie day when the currency woaid
DO at par reference TO the OF Congress The
subject would show that tho irncl al required
10 DO Dad in coln but SIMPLY in Lawful money. Under
the first act there had been ssuci Up 70 May 81 1885,
$50 l5O under tho acs OF 1862 S5i4 $50 500
ae o. 1853 ninety millions and upward unier that
OF larcn g. 1884, seyenty.Ayc millions oi bonds payable
IN 1851, Win SIX per cent interest," ssp4 o lJO Of hve
twenee lad been Issued ny 10 the euGing OF May $500
Ito denied that, az claimed ~ tie secretary Of the
treasury all bonds not declared payable Otherwise
should be paid Ia coin, or tlaI the people had ever
RATIFIED any sucn theory at the ciec
where. Tue bonds would be PAID ia gold when specie
vas resumed thou such measures as this would only
delay Il, IL ihey wcr0 forced on the country. The
credit OF the greeiback did not depend upon Us abily
to pay SUCH; hotaouse processes would produce
gopI results The pubic credit aepcaded upon the
resources Of the government and their proper srpI.
Gallon.
Mr SHERMAN, .repl Of OHIO moved TO refer the bin
to t4e Committee ON Finance lie thought the bill
sAVuld net 10 hastily disposed w. lie proposed tho
4 N ia.C al.