New-York tribune., 1868-07-28

the notes Of the limited states the 10 be
gradually converted six per cent loan. interest
and principal payable in coin. greenbacks To be made
fuudabc az holders pleasure In the new console and
these 10 be within proper limits convertible INTO green
backs again After discussion OF five hours on the 18th
OF January the Senate adopted resolution repeating the
bill passed the last session which required the secro-
ary Treasury cancel Treasury notes at the rate
| OF 81 100000 month
The Reconstruction bill finally passed the House Jan 81,
by vote OF 1913 This bill declares that there are no
civil state Governments republican in form in Virginia,
North Carolina South Carolina. Georgia, Alabama Mis-
sissipp Louisiana, Texas Florida and Arkansas; ana
authorizes the General OF the army to ejon by special
orders upon ali officers in command within the several
military districts within said States the performance Of
all acts authorized by the entitled act 70 provide
for the more efficient government OF the Rebel States
and the several acts suppementarystheretO; gives him
power to remove any all civil officers acting under
the Provisional Governments in those States and makes
il unlawful for the President OF the United States TO
assist by force OF the authority Of either Of said
Provisional Governments,
on 9th OF February the Senate Finance Committee
reported Funding b providing fora consolidated loan
at per cent interest, in gold payable quarterly the prn
cpa to be paid in 30 years Also bill repeating the
limitation of S3OOOOOOo circulation, making the banking
system free and allowing the circulation OF United States
and National Bank notes to reach 500 OOO,O5O
| on tine Tth Of February the Senate passed the Bill
amending the Tenure-of Office law requiring all special
acts Of Departments to be sent TO the Senate for conr
nation This bill went to the House, subsequently
passed there, and became a law.
on the 10th Of February the Senate by vote of % to
2 rejected the resolution OF senator johnson OF Mary
land declaring Mr. Thomas OF that state entitled to
seat in the Senate.
on Feb 2l Secretary SantOn's removal by the Pres
dent wa made known Congress. and the oath the
House decided 10 impeach the President FOR high crimes
and misdomeanors. subsequently followed the presenta
ton to the Senate OF articles Of impeachment and the
trial which Is yet fresh IN the mind OF every reader
An amendatory reconstruction act was passed Feb 26
II provides that all elections the Rebel States 10 be
decided by majority OF the votes cast and at any cleo
ton in which the question OF the admission rejection
Of constitution is submitted, any person duly
registered may vote provided he has lived ten days in
the district ia which his vote is offered.
. Congress also passed the Cotton Tax bill as amended
by the Senate Ii exemps from tax all domestic cotton
raised after January 1865 and admits free Of duty all
cotton imported after Nov. 1, 1863
On the 10Th Of March a bill was passed by the House
continuing the Freedmen's Bureau for p months from
the following July; aud the 3Oh Of July bill repeal
ing all taxes manufactures except spirits petroleum.
aud tobacco This bill hung fire for long time between
the two Houses, and was finally passed only on the re-
port Of % Committee on Conference.
Nj Eyarts brought a new point into his argument on
the third day Of his pecchthat the removal OF the Pres
idcu would subject the sovereignty Of the people to the
Teuurcof Oice Dill! wholly changed the practice OF the
Government relative 10 appointments % and removals
from Office tie finished his argument on the 2d OF May
and was followed by ir sunbcry who argued that the
Tenurcof Ohce bin does not forbid attempts to remove
an officer only forbiis his actual removal that r
stanton never n fact remoyed that II the President
was wrong he was guilty only o, an attompt 70 commit
crne-not guilty OF tine crime t.ef that the Presidents
acts II criminal are technically 90, and are more
violations OF legal forms. Mr. sInbery held
that law which violates the Constitution
is invalid but failed % show the unconstitutonaHy OF
the Tenu-eotOacc b.u Nj Bugham's argument,
which was based upon the question whether the Pres
dent may AZ bis pleasure and without peril 20 his Official
position SET aside and aunul both the Constitution aud the
laws of the United States and thereby luaugurate au-
archy was mastery effort, worthy the prominent po-
s0u gnel him 90 The most important State tiiai on
record The proceedings were brought 90 close May
and the Senate went secret session n5 Jury on
tbe 10Th vote was taken on the WITH the last. Ar
Gle Of Impeacent and resulted in vote Of 35 for con
yictioD 10 asainst-a vote which virtually killed the at
tempt 20 punish the President for what the
people of the United States believed TO be
the commission OF high crimes and mlsdemcan
ors The Xlth Article selected as the hrst 10 hc
voted on because 10 was the 20 command the
greatest number Of votes II charged, IN substance that
the President did, the 18th 6f August l'5 declare
that tie XXXTXth Congress was not constitutional
Congress that he did unlawfuliy attempt 70 prevent
the execution Of the TeuureOfOnce law by suspendng
l. NJ Stanton from the Office Of Secretary Of War with
out the consent OF the Senate and that he also attempted
10 prevent the execution Of an act Of Congress providing
for the more efficient government OF the Rebel states
The Managers Of Impeachment 40 once proceeded to IN
sttuto an inquiry into tho circumstances attending the
vote of certain members the Senate bat their nyes
cations proved nothing except that some OF the RepuD
IiCan members cast their votes In direct opposition
20 the sentiments they had been known 20 hold
short time prevlous 10 the trial. The I'D and lid
Articles were subsequently voted with the same re-
suits az In the case OF Article XI, and the Impeachment
Court adjourned without day. During the investigation
conducted by the Impeachment Managers one Woolley
of Cincinnati refused TO certain questions ana
was placed IN custody but subsequently released on
complying with the demands OF the Managers juno l.
Mr. schenck OF Ohio made a very interesting statement
regarding the new Internal Tax bill, In winch he eluci
dated the scheme Of Department OF Internal Revenue
aud summed up the conclusions OF the Ways and Means
Committee OF the House with regard 10 the whisky
frauds This bill one Of the most important In
troduCed into Congress- aims TO reform the abuse
Of our revenue system mainly by consolidating IN the
hands OF one occr-the Commissioner OF internal Rove
nne-al the powers and responsibilities which were pre-
yiou.y divided between the President the Secretary oi
the Treasury faud the Commissioner The clause endow-
ing the Commissioner with full powers TO appoint subor-
dinate officers killed in the House by vote OF Gi to
49, on the l2th of June Congress passed bill read
mitting North aud South Carolina, Georgia. Alabama
Florida and Louisiana. Arkansas had already been re-
stored by separate act aud there remained only Msss
| slppi virginia and Texas, ready for readmisson
Texas being the only state in which no Teconstrlcu0n
election had yet been held The President vetoed the
b and the 25h, both Houses passed the Dill over the
veto By a significant vote.
On the l7th the National Currency act was passed
This provides that every National Banking Association
shall deposit United States bonds as security for public
moneys; and when such public moneys exceed 20 per