The New York herald., 1868-02-28

try excspt In ths case ouo,ci of Alexander Hamilton
lie nstanced several Elsilsn loans ana popular
i0an during the Cimean and said ~ woud 90 iute
for the government 10 attempt to get money IN the
country where higher rate was always PAID tnan IN
Europe for less He VINO loaned money now knew tnat
when paid ha woud receive ess in value than he gave
One thousand dollars payabe IN twent1 years woun az
that tins have oneftn or its purchasable power shorn
from IL by addti 10 The volume OF gold ana sliSef
Real esste investments four pr cent were petcr Tan
the best bonds in tho world at SIX "a goa
and silver The decrease England IN three hundleu
years in the in rius.c value Of q pound sterling
was nearly 600 per can't whe all other properly had
increased H. did not desire T. tho present volume
cf the greenhacss increasei He said again, and ne
saw no necessiy TOR and he IN oght II ontrey ieas-
ble 10 reduce the hye.yentics from five per csat
10 attempt TO place tho rate lower now would be re-
gafded a species OF conds alton lie thoueht tney
could gradually ray OF the principal Of me aeoI on.
was wiped olt in 1901 or 1902 He EXPLAINED the ap-
piicably Of the oil /, ta end. sayinl the biii wouia
pace tho noie aer ami the bonahoider on the same
footing, aod that the bills pouring into the ireasaFy
would DO ample oied en- tho outs lnulnS hohus at's @
Principle Of conv rnns bonds into notes %old give
ieaD ly tic currency OF the country wnich would
rise step by step un 1t reached ,he stand rd oil g2iu
Mr. SHERMAN concluded, alter expressing the nope thit
the present we founded disc n.ent o. the people IN
regard TO bon-hOldsrs would ba rem wed D. wise ess
lation
sr CArrEII rep) Of y. J wished 10 say. as a men,
ber OF the Finance Com mntoe that he did not approve
OF any prop sltion whcn would take from the bond
ncder absolute power to insist on the letter OF his
bonds.
Mr. SHERMAN discalmed any intention to commit any
other menoer 81 tae committee to his views.
Mr. MORRILL, trepl or ne., gave n, ice that Tomorrow
he would call up the Appropriate II biil.
PU Lie Lands
On motion OF Mr.. STEWART tho bin TO give ELECT to
the law in regard to pdbl lands ia Nevada was taken
mp and after debate vas referred TO the Iommittee on
Public Lands.
Tho Senate, motion OF Mr.. WILSON trep.I OF Mass,
took up and passed the joint resolution to provide for
tie Of clothing TO so'drs ana others 10 replace
c.othnug destroyed to prevent coniali
FRO EEDs OF CApTuaED AND ABANDoNrD PROPERTY.
On motion Of Mr. EDNuSDs. trenl Of w., the Senate
took up joint resolution drecng that certa II mon
eys nor In the hands OF he Trea, of the Unted
States proceeds Of captured and abandoned property
be conveyed By warrant hIo tue Treasury. The qaes
lion on tho substitute OF Mr. Edmundi directing all
such received under color OF the acts of con-
to be ed no the Irca.ury with the crest
that may have accrued; providing for punishment
for neglect or refusal by line and Imprisonment The
amendment was agreed to.
Mr. EDNuNDs offered another amendment provding
that OF the proce ds not exceeding Sl00 600 be
APP ropraed for payment Ut necessary expenses Oh COL
con and disposition Of the property by the Secretary
Of the Treasury or in sus brought against him lot his
agency therein
ment placing too much discretion III the hands Of the
Secretary OF the Treasury.
Messrs. EDMUNDs, FEssESDzN aud SHERMAN advo-
Gated IT, q
hr EpMuNDs explained that the crc'ary of the Trea
sury liable continually To suits brough, aganst him.
self or his agents on the round OF II ega' seizures
Mr.. Co Killing, trep) OF ". asked wny, IL those ex
penses were already incurred, the appropriation could
no. bs lnielv IN de in au appr1 pr ation bill He
Treasury I'D pay any OF the money, matter
how remotely coanec ID WITH this property He did moi
believe It was Wholesome t. clothe the Secretary OF the
ireasur or any other olicer with ich power.
Nr EDMuSDi referred to the fact that The ecretary Of
tho treasury mad tho same power with regard 10 the
collection of the re enue.
Mr.. HOWE, trep.) of WIS, thought there should be
agents He would not admit that tne government
should defend ,hc latter in ali casrs. He Thought the
committee should give tue names OF such agents.
Mr.. EDaCNDs We Can give tnem to you to morrow
Mr. HOWE furtner opposed the bll. wnen SIR. HEv-
DacKs,. sdem.l OF Ind., sa'd he would lisn TO know
Something about suits before the resolution