The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-01-31

'' &C. mo. A.
Prospsess q Nfss1laseDa.
The leading friends d Coneress Of
National Bankrups LAw uEo enSlrsly CO..
Adent that the bill (1k. JsncAss') which !
has already passsd tAs Ho1ss. win soon
pass the Ssnats. A. Il vm have beea
the House for coneuxrencei IA the Seuafo'o
amendments; bus q wIn not fhl there.
Unless vetoed By the pfeaadent-and NO
reason. unlsss - h tie Ibece OF hahik Il
suggested for such = xooD-ve shall b
able to congratulate the eoun1ey q -
passage Of the Bankrupe Law before She
Let Of March. That law win emancipete
at least One Hundred Thousand Of our
countrymen from . hopeless thralldom,
enabling them once moro to earn bread
for their families and contribute sensibly
to the increase Of our National wealth.
Hasten the suspicious day!
The passage of . very fair Tariff bill
lin substance, the House bill Of last
session as amended by the Finance
Committee of the Senate-seems almost
assured by the evident indisposition OF
Congress to contract and appreciate the
| Currency. Manifestly, We cannot persist
| in importing largely in excess Of our ex-
ports, and staving off the evil day of
payment by sending abroad some e2OO..
| 100000 per annum OF bonds-mainly
those of our Government-which We
sell for sixty up 10 eighty cents. on the
dollar. Somehow or other, this must
como to a halt, and. - tie solid mot
stolid) North West opposes and prevents
l De- - Il
the present, it says; but its logic plainly
any time whatever, it II morally impos-
sible that the enactment Of . higher
Tariff should be successfully resisted
True, some two or three score Of Mem.
bers who zealously oppose Resumption
as zealously oppose Protection; but
their repugnance TO Resumption is pow.
erfully helping Us 10 Protection and We
thank them for the good they do without
intending it. BY one means or another
through wise Legislation or through
National insolvency--we nsAst stop buy
ing more than we can fairly pay for; and
this is every day more widely realized.
We hope to chronicle the passage of a
pretty good Tariff bill by the Senate be-
fore the LIST of February. E
Should the President veto the bills ad-
mitting the new States Of Nebraska and
Colorado. the formsr viii pretty certainly,
the latter probably, be passed over the
| veto.
The idea Of impeaohing and removing
President johnson has more strength
in the House than We had supposed, and
seems to be gaining supporters. How
1 ever, it is not likely to b definitely acted
| on at the present sesaion-
4 - ~. a
Ijects are hanging about the Committee
rooms and looking In ct the lobbies Of
the two Houses-one Of them proposing
q modes. loan Of CSC, ,O00, 900 to Juarez
\ whereof % much - 90, ,00O, 900 might
and might net-Get ont Of Washing
tom; and there Il "a Ortsga loan Of like
amount lying around loose; but it ID
quite unlikely that either Of them win
j ever get launched IN the shape Of Q bill.
If CSC, ,O0O,000 vere lent to Mexico by
ovr Government, her military banditti
would doubtless have good time while
it lasted but, 'sexcept these bonds, -
there would be no trace Of il In existence
next year. seaw
PROGRESS OF RECONSTRUCTION.
The House of Representatives is ftly
| deyoting its sittings mainly to the con-
! sideration of the various bills submitted
to it which look to restoration of the
States lately ia revolt to the position
they held and the privileges they enjoyed
until they saw fit to renounca and repu-
/ diate them by uniting in the Shareholders
Rebellion. No other topic SO important,
and hardly one SO urgent, solicits the
attention of Congress. Few thoughtful
| observers can doubt that, had the last
session terminated without the passage
! of the pending Constitutional Amend
ment, the results Of our late elections
| would have been quite other and less
| satisfactory than those We have had the
pleasure of recording. And since the
plan of reconstruction embodied in that
Amendment has been rejected by all the
| late. Rebel States but Tennessee, il in
most desirable th.t Congress shall re-
| view and reconsider the whole subject.
/. in the light of the latest DEVELOPMENTS.
North and South, and take such action
| thereon as shall seem necessary and
| proper Even though It should be deci-
ded tn ct no new action IL necessary,
| this review is required, II only to shov
that inaction il the dictate, mot of blind
obstinsc.y, but of attentive, observant
| sagacity and patriotism.
We believe that in spite of some su-
perdcial appearances and many irritating
and Improbable sayings, events are
steadily tending toward and early res
toration Of the seeded States Here ara
some Of our reasons
I. Thadtaeus Stevens il generally, and
we presume truly. regarded n inclined
to deal more harshly with the Rebeas
than are most Of the Republicans in
Congress. Yet, IN his modided bfll Of
Jan. 18th inst, he proposes to recognise
the existing State Governments Of the
South s'as valid for municipal purposes,' =
and to let them go Stand until duly su-
| perseded. He proposes to conoede tho
Rights of Suffrage IN the reoegxnisatioa