Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-12-07
WASHINGTON.
TORTlETIa CONHR EsA.

WARRINGTON, Dec. 6.-SLNArE.- Mr..
Grimes introduced bill providing that
from and after the 30th Of June next, there
shall be annually set aside from the sur
plus interest Of the naval pension fund the
sum ct $4,000. for the purpose Of forming
the nucleus OF n naval insurance fund, which
shall be increased bv The yearly charge upon
the pay OF each officer OF the navy entitled
TO the benefit of such fund. except midship-
men and third assistant engineers, which
was referred to the Naval Committee.
Mr. fhayer called up his resolution here
to,ore offered, and amended it 10 read a.
follows:
Reseired, That the Secretary of the Treas
ufy be directed TO inform the Senate if
Edmund Cooper assumed the duties OF the
office Of Assistant Secretary If the Treas
ury on the 30th OF November, and if SO.
under what law and by what authority. ii
any, he was allowed 10 do SO, or whether
he has been appointed Assistant Secretary
oi the Treasury, either before or since the
present session of Congress commenced, or
whether he has performed the duties as
Assistant Secretary of the Treasury, or Is
acting Assistant Secretary OF the Treasury
Also, the Daiurs OF the commission given
10 said Cooper and the time il h to run
The resolution was adoptcd.
Several other resolutions we're introduced
and referred.
Mr. CorLe;t introduced the following res
o'u,ion:
Reseased. That the Committee on Finance
oc instructed TO inquire into the exnediency
"f reporting bill 10 authorize the Secre
tafy Of the Treasury Of the United States 10
contract . loan and issue bonds Of the Uni
led Seaees for the same, fedeemable nj the
pleasure Of the Government. and PAYABLE in
AZ years, bearing interest payable in gold
aud TO place the same upon the market for
the purpose ot redeem,ng the United States
boz ds commonly called d ye twenties IS they
mature
Mr.. Ccrhett slid his intention was 10
show TO holders of 5-.0s tnat the Gov. m.
ment would redeem its faith where pledged
heretofore in regard to 520s, and as It
Would be impossible to redeem them in
com, this bill provided for a long loan 10
lake their place. redeemsble in gold and
with rates OF interests, giving the Govern.
nent time to return 10 specie payments
The resolution was adopted.
:, mr.. DIakes resolution concerning ttc
Tuesday next
Mr.. Cattell introduced q icIn, rsso,u.;or
which was referred to The COMMITTEES on
finance. TO suspend the operations Of SO
msch q the oct Of April ~, 1866, o. pro.
woes that the Secretary OF the Treasury
may cancel United States notes 10 the
amount Of $4,000 000 pcr month.
On Motion OF Mr.. Sherman the Senate
took up Mr. Edmund's bin pledryrv the
faith Of the United States to p.y the pub
lie debt in coin.
Mr.. Hendricks offered subetitute. nro.
viding that
WHEREAS, The public debt of the
United States, except when otherwise pro.
vided BY Law, was incurred on the faith
and credit o. the United States. and the
same to be redeeuable ip the Lawful mon.
ey Of the United States, which Vas de-
Glazed by Congress TO he legal tender fos
debts OF both public aud rrivste, except
duties on imports and interest on the pub
lie debt. And
WHEREAe, 1t 10 noe good policy that
Congress should pledge tas nstion to in !
chr more burdens than the law requires,
therefore,