New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-01-08

with the aid of dishonest ofcersi We found investi-
CATION that most Of the fraudulent praeces although
up In two classes One OF these is the means that
practieed to remove ,oandestinely distilled spirits be-
tiIler and the time when they Should be deposited in
what IA known warehouse K, being the warehouse Of
purpose Of taxation Fraud is Committed here IN the
night, by having duplicate keys to the receiyngroom
ronty blind or unnecessarily absent while these things
are carried on by those ntrusted In doing the wrong
But there is another very large class OF frauds commit
ted under opportunities afforded by this bonded ware
house system and they are so excessive 90 general
that we are satisfied that, In this particular at
amended was ass" instructed by tho Committee to
| report upon that point Immediately ol to cor
the time, when few weeks hence, hoped to make
general report with bill covering all those matters con-
have extended far that they have practically resulted
IN preventing any legitimate dlstilaon or rather any
tween what is called legitimate distlation and Illicit
distlation. There Illicit establishments, on small
South elsewhere producing whisky product of
which is not intended to be known to the officers of
the law But even the whole aggregate production from
this quarter has not think very material effect
ronty legitimate, under license at known establishments
where the officers OF the law are which produce WHISKY
On when tne Tx Is PAID TO tne ,h s af
OF anybody competing IN It's Prodnee9 Tn0 pans hS
which this done by taking advantage OF this bonded
warehouse system When the whisky IA removed from
moved under transportation bond from that point, to
be reported 10 collector in some district at a distance
frequently not. Mr. schenck went to give illustra-
iions Of the mode in which frauds are committed by
Mr.. HUNTER addressed tho House for some time in
favor of measure which he had already introduced,
and which he explained to the House.
MIR. sCHENCK moved the previous question and under
its operation the bill was passed.
THE KENTUCKY CONTESTED SEAT.
Mr.. UPsON, from the Committee on Elections made
report The contested election case from the LIST Con-
that Mr.. symes the contestat was not entitled to the
SCAT and that sir Trmbe who holds the ceftlncate Is
He said that Mr. McCurg member OF the Committee,
disentcd. The report laid over for future action
PAYING THE NATIONAL DEBT
The House then at $40. went into Committee OF the
chair was addressed by Mr.. CARY in favor Of
ing the national debt In legal tenders.
Mr. CARY said that whatever diversity o. opinion ex
listed in the House In regard to the pubic DEBT
debt must be paid to the uttermos farthng The nations
honor must i'm way be impeached or compromised ana
OF the national character Nevertheless, the naddog
cry OF reputation should not deter any rom considering
that term was 20 familiar should know that It required
act declaration Of Congress to bring about such
by tho discovery that the resources OF the country would
not pay interest much less the principal of the pub
and by the further discovery that the people would not
impose upon themselves inolerabe burden to that end
Tho National debt great and Its burden very heavy,
and the who by unjust and forced construction
Of the law against The interest Of the people sought to
the pioneer OF reputation Those who claimed that
tho principal OF the two thousand millions OF nyewenty
bonds was redeemable only In coin were doing
more TO debauch the morals OF tho country and to blunt
the sensbty OF national honor than all other Influences
combined Justice was the only foundation OF pub
lie faith and when the sense OF justice was outraged inc
sense Obligation toward all by whom that outrage was
attempted was weakened n not destroyed. This was
principle OF universal application. and he cautioned the
bond holders beware lest tho Overburdened taxpayers
should have their OF obligation weakened by u
reasonable exactions that they would utterly repudme
the debt which they acknowledged 20 be just. He
challenged any 60 take six per cent FiveTwenty
and the laws authorizing their ISSUE and say whether the
principal OF both payable in the same manner
The law authorizing the five per cents expressly PROVIDED
for the payment OF the principal aud interest In coin.
while the law authorizing the six per cent FyeTwenues
declare that the interest should DO paid in coin III the
principal as well the interest OF the FyeTwcntes was
pnyabe in coin why either have declared or have
sad nothing about how the interest should be
paiGi Would the people, the taxpayera the men who
must by their toll, pay this great National
debt consent very large practical Increase OF to
relieve the disappointment OF bOndhOders, TO make
good the opinions OF Government agents. who were not
authorized by law TO cOnstIuo acts OF COngossi III the
present Congress should authorize-and he hoped IL
wgld-the issue OF 5i50CoOO OF Treasury certificates
receivable at par for and Government dues and
made lawful tender, ard should issue them for the ex-
press purpOse OF redecmng that amount OF bonds now
rcdcenabe or any other In the future not payable IN
gold it would certainly be greater breach of faith
than that which had been already DONE This enormous
debt had been Incurred upon paper coinage standard
and Il must and should be paid in the coin, IN
which It had been contracted. and this conformed In al
respects 10 the terms OF the original contract.
The Committee rose.
The House az as, adjourned