The New York herald., 1868-01-11
THE FORTIETH CONGRESS.
second session.
ENCOURAGEMENT or nauaRAnos.


ENCOURAGEMENT or nnnGRAfoN
Mr. coSxrIsG, lrep.) Of n. Y, presented memorial
from citizens OF Now York praying for tho passage of
a bill Tor the establishment OF line OF steamships BE-
tween New YORK aud moro European pcrt%, or
some equivalent measure To encourage immigration.
Referred to tho Committee on Post olces aud POSI-
Roads.
1nE PUBLICATION or the sySorricai RrroEr IN STAN
ToS
Mr. HOWARD, rcp.) Of Mica, ross 10 a personal cx-
PLANTATION lie said no had noticed in the New YORK
Ersnag Post and phiiadclphin Buiefa What purpouei
TO be abstrac, OF the report of tie tonmittea on
Military Anaf3 relative 10 the suspension of Secretary
stanton, which subject had Dcen referred 70 tAem ami
had been for time under Consideration. Il having
been committed 10 hin for investigation, aai uas act
having transprcd he had been waited On last Monday
by two persons one named Il. Randolph Kem, bold
ing himself out correspondent ~ tie EEty luEE
HERALD, the otncr named w. Scott smith, announcing
himself as manager cf tho Eyoang Press Association,
incl ldins the New York Etsair9 Pest Rnd other
papers After sundry imporuEitss he Ind reluctantly
allowed them to take copy cf wEst hcy supposed 20
be the contemplated report OF tao colamiilco oa Ati
tary Affairs subject In the committee room.
under his mmedal supervision but he had pcriased
1t upon the solo condition anu under the Injunction that
not one word OF IL should rauspre nr should the c,py
10 taken from the committee room Until they hnd his
sn - Iney ma naa agsosa 10, 70 WV e.sr % ma o,sr
forget their obligations as TO violate the plc.ses por
tons had however, since boon published 10 direct vo-
iaon OF coed faith, aud hs named them IN order = -
their employers might know their character aud thar
tho world might know what sort of persons they are
Mr. sHERMAs, (rep) Of ohio In pursuance OF the no.
tice he gave wnen reporting the iuadng bhi unoysd
that 1t be referred to the committee he said some
prominence had bsen given to a well wriiten anony-
nous circular, which had been scnt 70 each senaicr
and extensively published and which seemed 20 ,n-
pute tn Finance Committee desire 10 favor pri
interests The clauses complained Of were ths iimiis
ton OF pcr cent for expenses In issuing and dsspos
ing OF bonds and that In regard 10 foreign exchange.
The answer that tno per cent clause ~ mcre
limitation Of tho expense. and is IN every loan lac
passed for twenty years. with tins difference that In ths
bill there IS NJ appropriation Of ono yer ccn while IN
other lean bills there was The Committee did mol
contemplate any expense olt the rr1nnns ~
OF tue United States Even this eypeugc IA not
provided for but win depend upon future arpropra.
tons As u foreign excapge- Is only 10 prosias'ur
the actual difference OF exchange between the exchan
bsnds and the lower rates proposed by The biii Ihe
finance Coumittco wished fairy 10 consider every OBJ
lection 10 the bill they meant I, strip " OF every
provision that possibly might enable interested parties
10 direct attention from .he great onecs sought b tho
bli IL else did 30 be would move 10 tnodfy
these causos that no one could be mscd by his pre-
tcace.
THE ou.RrrnnAsren's psramsryr
Mr. TnAYER, trep OF Neb., introduced bill amending
the oct Of Juy, 1866 by repeating tho seci'cG which
Department 10 twelve ana o. captains y thirty. &c
ierred to ihe Committee on Military Affairs.
THE POST OFFICE AnrvsST.
Mr. HARLAN, trep) OF Iowa, in,rOiuc d bill rsnyii-
ing nat tho appointments of all deputy postmarers Tor
Offices whera the compensation allowed TO th, pos,Epas
ter amounts 10 $500, and all railway clerks ana post
olce agents whose compensation amounts 10 500 per
annu, shall DO made by the President, with the advice
and consent or tho Senate An such commissloas ara
appointments be d. shall aud deicrm with.
IN thirty days after tho passage o this act provided
they have not heretofore been confirmed oy the senate
ExPEssss OF TIE ORDNANCE COMMISSION.
Mr. Howard offered joint resolution appropriaiing
$4,000 to aefray tho expenses OF the Joint Committee
on Ordnance, which was referred 10 the committee on
Appropriations.
CONSOLIDATION or THE NATIONAL pr INTO noxps o. lovG
sTASpiNG-THg NATIONAL BA.R tuRErSrY
hr HENDERSON, trep OF NO., Introduced rcsolr,ion
which was laid or the ,aolo aad ordered 20 bo prniei
instrucins tho Finance Committee 70 inquire rto the
eXpcdiency OF reporting bill Tor the consolidate o. OF
the national ndobiedlc Ito bonds OF long daie bearing
not moro t:aa three AMI haI per cent lntercst Ter
annum, principal and interest payable in gold, ana
cured against stale taxation. also ~ % the oxpedcacy
Of repeating the law limiting the amount Of national
curreac; 10 three hundred million dollars - as 10 ALLOW
persons dcyosting the new bonds 70 receye seycn.y
hye pei cent ~ value OF national carcacy Tor the plr
pose OF circulation, also requiring the rational
bonds else surrender the cicilaiioa nos
secured By lhe deposit q government securities.
aud 70 casa they surrender such rart of thcF
circulation as to reduce tue amoun outstanding 70 less
tEal three hundred millions, tHen - ie -eCrsry
w tha treasury - issue similar ancnas ~ lcsai
teade notes - 10 used IN the plrchae Or payment n
b0ndG tao tune rcGeemabe. lhe resolution iurther
instrucs committee TO consider tho propriey y
creating financial boafd, composed, ~ part ~ tho
secretary cl tue treasury and Comptroller ~ the Cir
ency, who sna lave power, IN case the national bank
currency shah not bo materially diminished 10 cause
the nltcs sfaduaiy 10 be funded Or Cancelled un tno
resumption Of specie payments after which tho board
may uc thor!2ed in times of commercial distress cr
pane y cause ID be issued AID delivered 70 The banks.
proportion 10 their circulation, deposit 81 the uew
bonda ete tender notes to an amount hot exceeding
4
ArrsornrA,ioSs ron SENATE ExFrysga
Wv. haENiLt, repl Of Mo, from the Committee on
Appropriations, reported tho amend nsnt8 TO tho uc
cisncy bii fesuraed from the House. consisting 10
aidNioaa. appropriations Tor the Senate eSpcnsss--
Deficiency Tor messengers ana aborcrs, si5, 900 Tor
folding room 5000 for ccrks 70 committee, .5S sOf
IN arn en1meni also Inserted which rcpcals tac a@
authorizing To Presd nt On application of secretary,
70 transfer tue moneys appropriated Tor one branch o
department TO another branch VI the Same DEPART
meat.
TAX on DISTILLED sHRiss
l D
over r1 ths House for signature, and now goes TO le
| President
| rHx CONTRACTION or rHs CURRENCY.
The morning hour having expired toe special order,
which was tho bi prevent further contraction OF the
currency, vas taken up
Mr EpnUsrs, trepD OF VT. moved 20 amend by add
ing al The cad OF the hiil the following "Provoed
tnat nothing contained this act any other act or
Congress, shall bo construed 10 authorize OF
the United states notes other lawful money beyond
the amount thereof now outstanding +"
| Mr. SHERsAs said the amen, meDt was unnecessary,
a. the volume Of currency could not be Increased but
for particular purpose, Tor the authorized 10
l meet temporary iiabites.
| Mr. EDMuADs said the amendment offered for tho
purpose o sscertanng whether the Finance Committee
contemplate ed further increase or Tie dshonored pape
Of the government Too inference apparently Intended TO
be left the mind OF tho Senate tha, the policy OF
the bill only 10 suspend the reduction OF tho volume
of currency Some, VINO claimed 10 be states men, held
that the salvation OF the counlry rs 20
| blo paper. II that view correct they should
say So and ict those who supported that view be re-
sponSiblc FOR But II this simply q measure 10
stop contraction business should know IL Wnen the
bill passed the state OF the counryis obga.
tons such that u was necessary for the security or
tho treasury 70 have such discretionary power eet
4 certain liabilities
Ar sHEgyAS argued ths, as those liabilities had bosn