New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-07-15
XLrH CONGRESs-sEcoND SESSION.


Mr.. VICKERS Dem, Md presented the
credentials of VIM Pnckney White appointed to succeed
the Hon Reverdy Johnson Senator from Maryland.
The gentleman having been n took his seat Pc
ttOns presented for increase Of pay to army o-
GERS Mr. Trumbull Qll called up the bill to authorize
the temporary supplying OF vacancies the executive
Departments and moved TO amend by adding at the end
OF the third section proysO that IN case OF the DEATH
resignation absence, sickness Of the Commissioner Of
Patents the duties of said Commissioner, until success
shall be appointed such absence OF sickness sai
cease shall deyOlye upon one OF the eXaminersnchlef
amendment was agreed TO- The bin was further
amended on motion of Mr. Edmunds Rep, VI by ad-
otherwise than herein provided in the mentioned
in the first and second sections shall he made to fll
As amended the bill was passed
REDEMPTION or TIE COMPOUND INTEREST NOTES
Mr. CATTELL Rep., n. j. called up the bill TO au-
thorze the issue Of three per cent temporary loan Ger
uhcates to redeem the compound interest notes Tle
question was on Mr. Trumbulls amendment providing
or monthly sales of gold by the Treasury Department.
not exceeding $O0OoO0O month beginning ON te ISL oi
August next until the amount IN the Treasury shall not
Mr.. TRIiMBTyII again explained his amendment, and
repeated his estimate Of the amount O saving 10 the ooF
| erIimeut by the adoption of his amendment
Mr. CATrElL expressed his surprise that me senator
had far msapprcheudcd the scope and effect OF the
b and said that the amendment opens up proposition
that does not enter into the question: which Is simply the
| into bearing but three per cent in currency
| While 1t is true that SJ9OOOGo is nomnally
| III
| ment including the payment OF the interest III
coin aud the payment OF the Alaska purchase would re
duce the coin In the Treasury 20 &00O,WO below the
limit prescribed by the Senator's amendment lt would
be depend customs and Internal revenue
TO nav $4,000 compound interest notes, falling due be
tween now and October The simplest and easiest way
| In his opinion Is To adopt this bill
Mr.. TRIUMPH BIZ thOught 10 remarkable way 10 com
pute balance IN the Treasury by computing the amounts
which 10 H. or may be liable 10 pay. What had tie Int
nor Revenue 10 do with the receipts from customs
Mr. CATrELL replied that is the constant practice OF
Secretary the Treasury sell the gold as Tar as ne
90 be safe and that the receipts OF gold IN 90
have been only about half the amount during the same
pcrod n l6I The Secretary had recently estimated the
amount that would have been received IN Cs at sOOOO
| OF SI2.O,oOoO month.
| Mr.. CAMERON supported the amendment, saying tha
the proposed sale Of ten millions month VIII enable US I,
pay fourteen millions month OF the DEBT Inc error OF
the ball las i'm tie suppOstOn that people VIII give up sly
per cent Tor three A. PLAIN business man. he ielt ina
be- would b. bound when money came into MS cOner,
| use IL Ia pay his debts II he had any. .
| Mr.. MORTON Rcp, Ind offered substitute Tor INT
| amendment as follows: -,-,- -.
re surplus the Treasury, and such ~ sh Aee5
tn present shall aud separate or he re
! DEM tiar and pagueut Of the legal tender note.
81 COSKLtNG Rep, y. W reminded the senator IRON
Indiana Murtuui, that Congress has DECIDED thaI II,
more creeubacks shall be retired aud cancelled but tha
they shall De left their present Volume Inc only cI
feet Of orons amendment then would be 10 prevent t
| receipt ~ amy premium on the sale ~ gold
| Mr. FREtiNGHUIsEN Rep. j. opposed any prop
o.ou to depart from he piodge Of ne platform ~ ne ne
publican Poi0he parfy Of 1nses 10 mfef RI 0o''0'
| M ~ M N gu,St