New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-07-13
XLTH CONGRESS-2D SESSION.
sENATE- -WAsnINaroN. July, u. 156s

SENATE. ..... WASHINGTON July, II, 1863
Nh. CRAGlN (Rep. n. H. introduced bill
authorizing the appointment of commissioner to eSa-
mine the claim Of Montana for the enrolment Of volun
teors during the late Indian war.
REGISTRATION or CANADIAN BUILT VESSELS.
Mr. MORGAN rep, n. " called up the House bill for
the registration or enrolment of certain foreign vessels
which was passed 1t authorizes the registration OF en
roment Of Is Canadlan-bult vessels owned by citizens
of the United States and having been at all times
ployrd on provided there shall be paid tax
upon them equal to the Internal Revenue tax upon the
materials construction Of similar vessels Of American
build
Mr.. WILSON rep, MassJ called up bill relative 10
tho FTCc0mcns Bureau, aud providing Tor It's discontinue
agse ie o %s plsf os as , I9o%S Of the Commissioner
she Bureau for the Relief Of Freedmen and Refugees shan continue 70 pc
vacancy h @ once occurring by Of bis death Or eaSoa,
ton Of he Secretary Of War and with the advice ADD e19A' q e
missioner or shall enter upon The unless by sP-
porHer, and with TIE aoe and consent o. zoe @ he Upn sy
Secretary War r nomination Of the o. TIE Bu
bv the Aeins Assistant Ausa General Of the Bureau until such
vacancy '' er rc,,4 That the Commissioner Of the Bureau
shA o. ae s Sts itbn Which I b@reap has acted and
ats OPERATOR the be done without In
jury Governments but that educational departments Of the sad
and their heirs shall be continued as now provided @ S
provisions o. ms seuon ,na apply 70 sny oae s b
She frsi Of January next be restored to 4, oImer
Congress.
Dir. WILSON called up bill declaratOry Of the law in
regard to officers casered dismissed from the Army
United States by the sentence Of the general courts
martial, which was passed
THE FUNDING BILL
The bill 20 fund the national debt and for the CONVEX
sion of the notes Of the United States was taken mp The
question was on the amendment reported by Mr. sher
bearing interest respectively, at a. ana per cent per
bonds 10 be exclusively used for the redemption pur
chase equal amount OF of the present interest
bearing debt OF the United states other than the existing
per cent bonds and per certificates 10 be issued
any sufficient TO the principal OF all out
The amendment provides for the annual appropriation,
of CusOmHOuse receipts OF SlOOOOOOO 10 be apphea
lieu OF the present sinking fund; II makes the new
bonds and any lawful money OF the United states eA
chapgeab for other at the Treasury, unless the
outstanding United States bonds shall be equal
to or unless specie payments shall have been
resumed Finally it egalizes contracts made specifically
MIR. SUMNER rep, Mass) took the floor so long as
dollar OF rredeemabe paper was forced upon the cOun-
try the Rebellion still lives in its spurious progeny All
that Andrew Johnson had done tended TO proong the
Rebellion and TO continue financial disorder and with
the Democratic party Others not Indifferent to the
latter had looked with indifference upon JOhnson's Grim.
mai conduct and had suffered for 1T but II was hard that
the country should suffer Nnen INC nation was aga,
bill of sale Of human being For the sake OF the national
finance the freedmen should be secured and maintained
IN equal rights. danger to be unprecedented from
pardoned Rebels and their Democratic allies Mr. sum
8sr the MHe sTcpmSOG ~ the rogue in shake
speare-" What fool is honesty and trust Is very
simple gentleman" Pointing cut the original bar
gain that the bonds should be taxed he said proud
nation sensitive OF its honor could not do this thing He
insisted that the face of the bond promises pay dollars
not convertible paper but an established measure OF
value. 1t would make difference if the payment OF
the bonds greenbacks since they. too must uti
matey be paid in coin; but all Of these preteXrs were
nothing but reputation. Commenting upon the cutlery
against the bOndholders he said every such loan the
time of the nations peril contract of bottomry ON
the nation conditional upon its success quoting Millions
''"'' OBI yet a noble task awaits thy handl
For what war but endless war still breed
W. io ti s fb 81 s' rom ys tb % b nm hand
Mr. Sumner urged economy and the dimnutiOn as far
as possible of the public debt the only present
Of tightening the public burdens and Went on 10 cite the
Of the country IN the future to which he Thought we
might TRANQUILITY leave the final settlement OF the ma
tiOnal debt knew of why of our bonds
should bring 20 per cent less than an English bond while
pays 100 Per cent more interest except IN Enganas
of public faith Proceeding 10 consider the bill before
Senate he argued that only confidence in the public
faith would induce the bOndhOlders to make tho pro-
posed changes Of bonds. any menace of compuslon
under an alias The bill, however, was free from any
such implication He was assured, by men who ought TO
dvetwennes. After examining and approving the pro
visions Of the bill he went TO urge the necessity Of
speedy return specie payments describing the mul,
ttold evils Of present disordered currency and
Insisting that fluctuations in the measure Of values
ares of length and breadth They had made the stock
Exchange faro bank and materially injured our foreign
assuming that few would deny the transcend
ant which had set forth and indicated 1ncOnverbe
paper as currency Inc egalzauOh OF cOnt.dCs ihauo
payable in coin would also have an mmedate tendency
whenever parties desired contracts IN coin would IN
Grease and multiply until the exception became the rule
and the better currency would graduy prevail Nnere
there is will there is way" and was TINS pro-
verb truer than this occasion To my mind Is clear
that when the nation wills currency In coin then must
this victory over the Rebellion be won provided always
that there is failure in those other things ON
which / have also dWet the conditions pre-
cedent of this final victory. There must also be
peace within borders so that there shall be
fore so long as Andrew johnson is President,
the return of specie payments is impossible so long
as a great party called Democratic, better called
Rebel, opposed 10 that pOhtcal reconstruction
Congress has organized there can be no specie pay
ments long any President or political party denies
the equal rights the Freedman II is vain TO expect
specie payments You must do this great equity the
rest will follow. When Gen. Grant said Let US have
peace" he said also Let us have specie payments"
Pardon il now, by OF recapitulatOn call your
attention to three things in which all others center The
first Is public faith the second Is the public faith and
the third the public faith Let them be sacredy pre-
served there degree OF fame which can
be wanting All things will tribute to you even from
the tternos part In the dream Of Joseph,
all the sbeayes will stand about and make obeisance 10
your sheaf. Good people, especially all concerned In
business whether commerce. banking OF labor our COM
patrOs people OF other lands will honor and up
word.
ton to the District of Columbia.
The House amendment to Mr. Edmundss JOINT reso-
luton In regard 70 votes in the Electoral college was be-
fore the Senate on motion to concur -
The amendment concurred in by 10 TO Is, and the
bill goes to the President
HOUSE OF REPRESENTATIVES
Mr. BOUTWELL, Rep., Mass.) reported
bill to fix the times holding in the United States
district Court In Virginia Passed IL provides that the