The New York herald., 1867-12-07

The 2sd day OF June 1860 any esx rerded heauoe az
appropnauans for she cDects laws max ng
count Of sny deficiency o. sny other item in the snme
department, ofoer N have transferred 70 any
other aeoOuss o ssy other pasposs aad So
LUn usrRAEw Tas NAVY.
Mr. GRisrs rep OF Iowa introduced bin making
isrsnes nfonsicn fos sd9ws ana ness q 6mssrs q
which referred 70 tns COMMITTEES Naval AIairE
Itpsovdes that from and after the aosh day Of juno
nezs shall annually set aside from tho surplus
interest Of the naval pension fnrd the sum o. $780, 600
Tor the purpose OF forming nucleus OF Naval Insu-
u S s -
benefit Of such fund except mdshpmen and third assist
ant cngneers al tho following rate .CommodoEes $50
500, noutenan,s $50 masters $40. ensgns t3o boat
Bwatne gunners. carpenters ana samakers 3D. and all
other officers Of the sta and corps according
their relative assimated rank In the foregoing line
ofhccn
Mr. TRsysn trep) Of Neb. called MP his resolution
heretofore offered, and amended II 20 a. 70 read
follows
70 inform the senate Il Edmund Cooper did assume the
on The ts Of Sosembsr ana Il 40 under shas L. ana By
what authority he was allowed 70 do so o. whcthsr
e Treasury either before since ths present ss.aea
a. Or % sss
ant Secretary OF the Treasury also the nature of the
% run.
The resolution was adopted.
PROPOSED VIEW LOAN roR TIE REorspIios or Tns Five
1NnTrES.
Mr. Ccanwrr introduced the Following resclutien:-
Resolved, Thai the Committee Finance BE- inssrated 70
n as1 he o. s nnd 5
tract bonds Of the United States for The
twenty Years aud pay 10 forty years. bssrns sssrsst
me rae % s e sao Per IN se
ihs purpose q redseinr the United States bonds
monty called rvetwenties AS they mature.
Mr. CORRKrr said the intention TO show 70 hodcra
Of the vetwentiss that tho government would redeem
its faith where pledged. As u had noe been pledged
heretofore regard the and u would
be impossible TO redeem them In coin, this bill provided
for long loan 70 take their place rcdeemabls IN gold
time 10 rctuyn 20 specie payment
The resolution was adopted.
pRxssDxNr's nEssAeR
Mr.. brakes resolution csnsuriug Presidenfs Mos
s2ge postponed uutil Tuesday merit with te under
standing that IL shall then be taken mp.
THE CONTRACTION oF rHE cURRESCs.
Mt CATrELI. trep) Of n j. introduced Joint rseoku-
ton, which referred 70 tho COMMITTEES on Finance
70 suspend the operation Of much Of the ac Of April
may retire and cancel United States TO The
OF four millions per month
rH. PROPOSITION rAy NATIONAL vEnr m oorS
On motion OF Mr. SHERMAN, lrep.l or Ohio. the seuats
took up Mr. Edmunds bill piodging the faith or the
United States % the payment Of the public debts in
COIN
Mr., Hssnncxs tden.) OF Ind, offered substitute,
providing that
Whereas. the public debt Of tho United stasss eacep.
sa srsss y he nsd States Nat as oa
be reieemabe In Of the United Staes which
declared by Congress 10 be legal tender for debts
public and private except duties
the public debit and whereas, Il is good policy that
Congress should pledge the nation
than the law requires; therefore
Resolved That the public debt OF the United Sstcs
% e. s m q ~ s ana AZ
faith Of the United states stands pledged accordingly.
Mr. HsSDucxs hoped both propositions would 70 to
the Committee Finance He did not wish Il 10 apply
10 tho Indebtedness incurred before the creation Of the
United States currency.
ON motion of Mr.. sHKanAs they were 80 referred
TR INTERNATIONAL AoEEtARY CONFERENCES PARfa
Mr. SHERMAN introduced = resolution, which was
adopted calling upon the Secretary Of State for copies
o the correspondence between the United States
the French government in regard the International
Monetary Conference. held al Paris In June and July
also copies Of Instructions reports from
gates from this country thereto.
ADJOURNMENT MONDAY.
The Senate provided for adjournment untI Monday
and then aitor short executive session, adjourned