The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-07-15

Such absence sickness snail cease snail ueVOlVe
upon one OF the examnersn-chief or said ONCE. TO
be recommended by the President The amendment
was agreed to-
The bill was further amended on the motion OF
Mr.. EDMUNDs, trepl Of w. by adding the words,
land no appointment or designation otherwise than
as herein provided in the cases mentioned in the
first and Second sections, shall be made to nh
vacancies happening during the recess OF the
senate, and, as amended, the OH was passed, and
goes TO the House for concurrence.
TEMPORARY LOAN CERTIFICATES.
mr., GATTELL rep Of n j. called up the bin to
loan certificates to redeem the compound interest
notes. The question was on Mr.. TRUMBuLL's amend
TreasureTs not ex Ses sn
month, commencing on the 1st OF August next,
until the amount In the Treasury does not exceed
A long debate ensued, Messrs. Trumbull and Cam
eron supporting the amendment and Mr.. Cattell
opposing 1t. The latter read q communication from
the Secretary OF the Treasury to show that the
balance IN the Treasury will be reduced by pay
m me Us 1or interest and for Alaska to about
Mr.. MORTON lrep.) Of Ind, offered an amendment
That the supplies now In the Treasury or accruing
legal tender notes.
m; coSkLSs gep;i Of y. Y, opposed it, calling
no more greenbacks shall be retired, and the amend
ment was rejected by s to 80.
Mr.. TRUMBULL then withdrew the motion to make
his amendment substitute for the bill and offered il
as an additional section.
DEBATE ON THE FUNDING BILL
AT this point, shortly after two O'clock Mr.. SHER-
MAN, (repl OF Ohio insisted upon the special order
being taken up, having waived 1t hitherto in favor
OF Lhis OH, whlcn was then laid aside, and the
Fnnding bill was announced TO be before the
Senate
Mr.. HENDRICKS, (dem) of Ind, took the floor, and,
beginning with the observation that he had noticed
recently disposition the part of the majority on
political questions to avoid the defensive and assume
the offensive, which Senators would find impracti-
cable, he proceeded to say that the people would
want TO know what had been done with the twelve
~ h oas mat have been collected from
since July, 1852 Why is 1t that the army costs
hundreds Of millions In time of peace when used to
cost but seventy eighty millions Why the Supreme
Court had been denied the right to inquire into the
constitutionaity of the acts OF Congress9 Why the
Executive department has been stripped of all the
power conferred upon II by the constitution, and ex-
ercised by 1t in accordance with the views of the
fathers of that constitution; why governments that
were almost success in the South were replaced by
military power substituting subordinate military
Officers for the judiciary and finally with other con
stitutlons, none OF which are better than their pre-
decessors, unless they consist in taking power from
the white man and giving 1t to the blacks. He
passed IN review the other acts of the republican
party IN the same manner, and then, after disclam
ing amy personal objections to the republican can
d1daes proceeded to contrast the respective plat
forms. The New York platform, he SAID, could be
easily understood; but what did the Chicago plat
form mean? HIS colleague said II meant one thing,
and the Senator from New Jersey mr. Freinghuysen,
Mr.. SHERMAN asked whether. according to the New
York platform, the lvetwenties, in the Senator's
opinion. are to be paid in lawfu money or in coin.
Mr.. HEsDRIcKs--ln answer TO that question will
read the resolution. daughter on the republican
derstand its meaning, and proceeded to read the
solution.
Mr.. SHERMAN-Does the law require the five
twenty bonds 10 be paid In lawful money OF the United
States or In CON- because see the resolution leaves
II in doubtf
Mr.. HENDEICKs-The resolution declares that I'M
less the obligation Issued by the government or the
law authorizing its issue expressly provides that it
shan be paid IN gold II may be paid in lawful money
Now the law authorizing the issue of nve-twenties
provided for the issue OF lawful money and declared
Treasury notes and legal tender notes to be lawful
OBLIGATION Itself
provided that these bonds should be paid in gold.
MIR. sHERMAN-Does Mr.. Seymour and Mr. Belmont,
OF the New York WOr1d and the other supporters OF
the democratic party in New York put that construc-
zion ON the law ought not the Senator 10 state
that in the democratic party, as Ia other parties
there s q difference OF opinion upon that subject?
Mr.. HENDRICKs-l do not undertake to answer for
Mr. benoht OF any other gentleman ID the city OF
New York, except that the distinguished gentleman
TO whom he has referred Governor SEYMOUR says he
stands upon this platform, and claim that the plat
form explains itself, and standing upon this plat
form his position is not and cannot be misunderstood
Mr. Hendricks went on 10 eulogize Mr.. Seymour
as wise statesman and a profound thinker and to
express the opinion that he will he elected and viii
command the confidence OF the country not a sec
tional but a national man: He had used his position
cial interests OF the West Mr.. Hendricks
spoke highly also of General Blair styling
him generous, talented and brave, and
saying his name and fame would be guarded by his
late associates in arms. In reply TO the remarks
of reconstruction in the South he asked Senators to
reflect that they had shut the doors of the Supreme
Court against all inquiring into their legislation on
that subject. de closed by expressing the hope that
next March viii see q restoration OF the country TO
that peace which rests not upon subjugatron to des
potic power, but upon the restored supremacy OF
the constitution and the rghtfu authority of all the
departments OF the government, " u prosperity as
enduring as that of peace.
The consideration of the bill was Interrupted by
the reception OF the report OF the committee OF con-
ference on the Civil Appropriation BILL and Mir Nor
Till, OF Me-, made some remarks explanatory OF the
action or the committee
The report was coDcurred IN.
Mr. STEWART rep.) OF Nevada, then took the floor
and proceeded 20 reply to the senator from Indiana
Mr Hendrcksl, and after congratulating the coun-
try that the democratic party and It's leader in the
Senate had 80 far recovered to assume an appres.
sive attitude, said the American people would have
some questions 10 ask OF the democratic party az
wen az or the republican majority, who were respon-
sole III the opinion al that senator, for spend
ing SO much money. one OF the ques-
brought on and supported the rebellion, and
another would be why their Convention had thrown
aside Messrs Hendricks, Chase and Hancock TO take
"a peace democratf The answer TO the latter could
only be that they wanted a representative man.
Mr. Stewart continued at length IN the same strain
severely critcisng the records OF Governor Seymour
aud General Blair, quoting from their speeches and
letters IN Justification OF the low estimate winch ne
placed upon them aud predicting triumphant vim
dcaton OF the principles and policy OF his own party
| az the polls next autumn.
| The question was on Mr.. Wilson'S amendment,
noted Yesterday, proposing the issue of dity Years
bonus cf the consolidation OF the debt to be taxed
| naf OF one per cent.
Mr.. COLE, rep OF Cal, spoke in favor OF the
| amendment OF the Finance Committee. expressing
the opinion however that the third section author
| ling the interchange of bonds aud lawful money
would lead 10 great CONFUSION In the money market
Mr.. iisons amendment was then rejected with:
out division.
Mr.. HOWARD, rep OF Mich. moved TO add 70 the
section legallzing gold contracts a proyiso that 10
shall not apply TO the removal or extension OF an
Indebtedness under q contract already entered into
unless such contract originally required payment in
coin.
Mr. SHERMAN suggested a substitute for Mr. How
ards amendment providing that where the stipula.
ton TO pay interest ~ coin Is device 10 obtain le-
gal or usurons interest u shall not be enforced.
After some discussion between Messrs, Couklinp
Williams and Corbett on the amendment,
Mr.. COLE delivered a prepared speech. arguing
that the legislation OF god contracts will gradually
cause gold 10 reappear In circulation and that any
other than this or o similar plan would create gene.
raj distress.
At thirty-hve minutes past four Mr.. TRUMBUII
moved TO 20 into executive session.
Mr.. SHERMAN opposed the motion, which, however.