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

y,
territory insxpedeIs aud that the House would ieel
itself under obligation to veis money 70 pay for any
sSsa s Ss ser: rs ssS
that the treaty the acquisition Of warussa should
have been made. and that the House should not
.sry could never Be source Il wealth, power bsnes
to the United States and yet the Houss called upon
cncs 70 which the Secretary q state knew little
no:ning and ~hca 20 rsr = known: W.. en- 2,
woaa : IL n0pss sss the
representatives OF the people had other duties
to perform than TO sanction such scheme Tho Score.
ary OF STATE having exhausted the regions or perpetual
snow and ice had seemed, turned his attention 10 the
tropics and had negotiated another treaty, proposing
worthless II possible, than Russian America He re-
ferred 10 the fact that Anthony Troope having been
s.am.ne the DANISH Island or 81 Thomas. with the
purpose OF acquiring t. reported that il Was one Of the
s .a Ana most pos among al noe sd nc.
copy OF the fourth article o. the treaty with Denmark
He would read % the House for tho purpose Of shos
that the Secretary Of State contemplated the acqu
ston Of the island without any previous action By Con-
sresa
desk aud read Il provides that 'lmmedisteiy after the
payment by the United Ststss OF the sum OF money
appn an .a Se 81 I,
similar agent behalf Of tho United States the ter
r.ory Island properly and sPpursenancss csdod and
posts that may be In the coded territory"
Mr. wAs#sCsSc proceeded 70 sho~ by quotations from
the correspondence OF tho Ngw YORK Herald a1d the
Nec Fork Ttbne and from other sources that Russian
uninhabsbe territory He trusted that this House
would give the Secretary OF State such = reb9ko IS
would be lesson In al future time to men 10 his posi-
with Baron soeck and get out Of the scrape he best
could.
that Great Britain would be willing 70 take the Warus-
sia bargain Of the hands Of tho United States and pay
Russia the amount stipulated in the treaty WITH par
hnps, bonus and he asked MI wasbburns whether ne
willing that the should take that course
Mr. WAsHBuRSe inquired what reason Mr. Maynard
had FOR believing that Great Britain had any SUCH do
sire =
the general purpose OF Great Britain 70 get all land
shs could under the sun. aud from the feeling mani
fsztet the whom was known that this treaty was
hand.
TEX FINANCIAL QUESTION
Mr. BRo0AAIL (rep.l OF Pa, addressed the COMMITTEE
the priac;pai Of The avet~en,y bonds sSs in
gold currency He argued that they wero payable in
currency. At the same time. he looked upon Mr.
Butcrs scheme rs dan2srous because II was plausible
and because II set of The apparent interests Of tho
many against toe real interests OF the few lie could
deot principal intoros against the will Of the hoders
but ne could dsOounce that repudaiion, unless
had narshsr apply 70 the daily transact
70 take IN payment the paper which The governments
caused TO BIO deprecated after his enlistment the gem
seat and raised no cry Of repudiauon. Was the
claim Of, the man who loaned deprecated pa
per " tnt Bo'tinloeIt ~ par, AUD WHO lVt HN0
wears had been receiving interest on u as IL he
had loaned tie full face OF his bond In gold, more
sacred than that OF the soldier whose side OF the
contract there hal been no discount He would not
MAINTAIN thai the bad the right TO the
principal OK the bands in deprecated paper; bn. he
would maintain thai that debt stood higher plat
forIa than any other debt OF the government f tle
government bound in law in morals TO pay the
principal OF the bonded debt in carroncy OF tho
world, il was equally bound TO pay every other
debt In the same currency. He denied thai
any promise on the part Of Jay Cooke or otb5r
agents Way binding on the government Did
not the b0ndholdeTs he asked, know that those
agents bred 10 sell the ponds for a commission
aud did they not lock on those promises as they would
the promises Of any other vendor OF commodities
Those creiiiors no argued had not been deceived He
principal which TO be pail in currency, and nat the
loan had since that time passed from ha nd 10 hand in
markets OF the country and abroad. and at this
time passing ono ths principal Of which was 10 %
paid ID crrrency. He declared that nobody would be
much surprised the holders OF tie loan by the
announcements that Tho government would pay them 10
gold. The road Of specie payments was easy road.
tons and sucIings especially on the part 81 the labor
Ing OF the country, hsd nothing % tan beck
upon. Bat yet return 70 specie payments was
necessity The only question ys nov Il was 10 DO DONE
HIS plan embraced Id bill which he had an
,rodaced oay requiring tho Secretary OF the
Treasury to rsdeefl grecnhacas from month to month,
at liked raie-say bundled and thirty six-to be
specie basis reached he the republican sde
OF the house thar " rihers allowed themselves 10 be-
led away b- the seDseess ciaraor OF expansion their
w0ald coon be Gllel by 0ihcra
1he committees rose and The House ~ twenty minutes
! Hyo O'Clock adjourned.