New-York tribune., 1868-12-17

the supply governed by the demand. tho currency ~
redundant nave before undertaken 90 SHOW ana
contraction should not cobe thssidc ~ redeEpo and
Only py tbe act Oh redemption ihe Getnl"eA ~
redeemed may be cauccled, and the com rl1 Out lof
tnoi1 VIII take tAer paces IN the cIc"iuOa aAd WIG
currency viii become mixed 0ut The volume OF u Wy loe
De dhiit5 5he Bi4Ib ~ si'Gig.'h J IvVa - at n
chemical language. set free uIt TIC god ana silver n o
thus fiatug IT, But the initiation viii be lcgiumi.e
Tne National Bai king system may ne iDuic LSe hl'
dcening their circulation 10 coin I"e.o VIII
be one currency lor ~ uie Itot'gi ~ h., ~al ,, ODe
Thea our bOEds-hasinS kept pace WIN lS
o. tie currencywi BE- o pdl, and ilelt di',los igs
sell four per cent bonds Ia the market &c par, iEa VII
the proceeds pay OF ine present bonds te Aolgds
fuse tO exchange them, and thus reuce e aggregate
interest on inc deDt more Jiah Si0ODV@ per HIr
nun. Then ne business or tAe eOnnty nIl De nl"a
solid foundations and Ito prosperity ehdufls
AZ the end OF Two years. reconstruction VIII IN al llo
prevail Throughout ne land the prosperity Of tic south
Ia great part restored, and cotton though never more
sailed King, yl py Us former part in oar forega ex-
pests that have engulied gallant feeta dnd stewod tho
calm, the mountain waves sink 10 gentle bilOws tho
erce gale is 10 prosperous breeze ne san 9nes 'oA
~ sienuOf ana ine Surviving maiiHeis "th Joyiitls
again spread thcr sails resGme their cOuiscs, auo spled
away 10 ther destined haven So with our cOuntlywheu
Pe"Ie neeos.fuctlol, aud resumption nave come s
mas Dteh swept aud rent by the storms Of cls wax Tie
land was strcwn by the dead, and yherc visible
tue Seothsts OF tue conflict But peace h2S cOie ana
with u lCcOsrueton; Tic bright suu oi prosperity
commerce again ow IN ther accustomed channels Will
accelerated currents Tie tide OF emigration, rsing
Tie wilderness OF the est yields up golden
and blossoms the rOse" and our eountry moves
gioriousy 20 Its great and final victory.
AT the conclusion Of ms speech, Dir MORTON moved
to refer his bill 10 the Finance Committee, which Has
DlsNrpRoyAL OF TIE PRESIDENTS RErUDAuoN DOC.
TEIAE.
On motion of Mr. CATTELL O,ep, \. j. the Senate
took up the resolution reported by Tie tlnahce commit
tee expressing tie senates dsapproyai of the fuan
cia views OF tue President xprsscd IA his message
Mr. DAVIS Dom, kyl offered hLpotildt', when no
afterward Withdrew, declaring tlo measure OF tue
liza d
value in coin &C the date OF ISSUE WIN lnteS theSoI
Mr. ENDRICKS dem. IudJ said tmt under the Con,
stitntiOn me Presidents views expressed in liz
message only Recommendation of ceituh lessauol'
that, therefore TIC right way for tine senate TO *
press di,approbalon Of his views by refusing &c
e egsato according ~ his Recommendations, ana nos "
MI DAVIS offered The following as . substitute for the
Rosd rhs. the scua cordially enior.e scrneps in The
Presidents ng THAT our naoaal e'et 10 u ue s3'fesy eg
cbe acor tie terms OF ia eoasract uld weak
rert ia ~, eFpres STATE UPON t,, ce - e ix n
ol At aad justice to Js pad tAs ani money VI ils .r'
ifConeress were 10 make any expge,so Of the subj
this he (Mr Davis ihgnsI vas .he 9 ts ~
ought 10 make: That the public 1hith sLsI Oe OD'tfN'
and the national obligations b. paid according oe COS
tract. He coud With the PRESIDENT thaI IL wa
not according 70 the contract.
Mr.. EDIUNDs argued that the Government was ee
nav according 70 the contract but great question @as
What is the contract ia tAe light oi tc circumstances
Mr HENDRICKs called for the Yeas and Nays uppn
his substitute ana they were ordefc and the suDS.N
was lost by "A Nays and9 Yeas.
Tie question recurred on tic original resolution.
Mr.. BUChALEW Dcin, PENN Objected 70 lts l'Ss'sel
the ground thaJ the duty OF the senate was To les
r9e he ibouet ligstice WAS done 10 ine President ~
thus selecting particular passage OF his message iol
Mr sAiISBURY Dem, DslJ spoke againsu The
luton as uupro cedented and improper and because IN
ms opinion, the Presidents sugYes Ion 10 more hraNl
repuation than dd the funding bll that was N9ie oi
10, majority OF the senate last SUMMER lie als' Pie
d.cod Elat before long me ppghe cle,etois Syt, D
glad to accept some such piopos'doA aS liza" ""N "o
the public deDg was plain ara ngapHDie OF Dehg MS
understood and Thar it was repHdiatioi.
Mr.. ANTHONY Glep, Il. I moved to 20 into Executive
On iaotioa oi Mr. WILLIAMS Rcp, Orcgonl, the Sen
ate adjourned without Founs "h 4h9 reSo.u1lon.
HOUSE OF REPRGsENTATIyEs.
NIr. PILE Rep. MOI offered a resolution
calling on the Secretary Of War for the reports u En-
ciucer officers with reference to the bridge across the
Missouri River ~ Kansas CITY. Adopted
AMERICANS IMPRISONED IN IREIASD.
Mr.. ROBINSON (Dem., y. " offered q preamble and
rcsonon or the subject tie inIrlsonnet in ireland
Of Americans, esar Warren ana tosteloe, ard pro
vidlEg FOR the appointment OF Select Committee to IL
quire and 70 report whether any American Gpzen h'a
been tried and convicted in reat Britain 1or words Oh
acts spoken or done the United stcs, and 10 recon-
mend such measures US shan yiudcate the Aons Of the
Commonwealth.
Mr. BINGHAM d!ep.. ohio) would ol9ect unless the
resolution vac reierioa mo Ccilnltgco Foreign
Alr ROBINSON would not consent 20 have IL referred
70 that Committee. He therefore withdrew tie resoia'
PETROLEUM IN PASSENGER yEssELs
Mr.. FLIOr ttep., Mass ntr"iuced bli prohibiting
the freight ln passenger Ycsscs oil !ntgosy
cerHe, petgolcum, or other eXplOave substances.
Nh PAISE ff,ep WIsj rcporsd Il bnl 70 release from
legal political disabilities about dozen Citizens u
wIsb a ON tie motion 81 AR FAENs RorI GsP
I'D, amended by adding the nano OF Dc"lIt & sebter
Lieutenant Governor OF tennessee.
Mr. BROOKS Dam. y. " remagked That would De
admitted haJ tho persons whose disabilities we're besDg
minority acQuicsccd ln on 0t ts. u tie hope tat equity
would soon prompt conRre now that mile negro sns'
fraee established % es-dbsn general male whlte st
ng9e, which nowhere exists now IN the late Rebel sats
1Ae bDi was passed.
NJ p INI reported b 90 repeal the Sixth section ot
the Army Appropriation b!N ol March ? lsob winch piO-
lils rs organization and naiAtenniec "a militia Ia te
Of Nor'h Caloina soU1h caIoua t.ofla' Alabama '"d
The bill was paseed
EEyFSUg or TOBACCO AND sNUFF.
Mr. SCTIi.NCk ttup, Ouiu) repJufd a hlu 10 amend
the ish section OF Internal Revenue Bill Or July -,
1905 by extending tho time LAea ueEel from tc - oI
January 1862, tao 15h OF FehwaIy, loe3 20 mat iAe
section Will provide Thar after tAe l5th Oi February. 1872
an smoking and duo-cut chewing tobacco or sHuf shall
Us taken aud deemed having been manufactured
after the passa.e " tho bil. The u wac passed
REuutIlON OF DEPARTMENT EXPENsEs
MrLANItI OIs tep, Ohio offered a gesO!utOn calling
tpon the heads u the various departments Tor reports
concerning the doductcus that can DC made IN the nn-
"'' I-is r1,,Irlc RtrIRoAD COSuusstoS's REPORT.
Mr. NASuBU KNE tRep. III offered resolution, re-
oestng me President 10 transmit 20 the House the
uort 0f Tie Special Commissioners eXanuo INTO the
character Of work the Union Idcluo H0lroad, ana
IN uf1riu te House what attempts, any have been
To- nm fle nart of the COMPANY 10 obtain bonds from
the Government Tor building ne ROAD Nlthous haVii&
constructed t In conformity WIN eAists laHs, D. ~ sS "
pauy, and whether sut ent amount mas Occh iStaieu
in the hands Of The Goyernmclt TO gaatJhtee She COM
plcton OF the road "a q firsteass ROAD. Adopted.
DEAL DEMANDED
Mr. ROSS 1lem, ~ offered 2 resoiaiosior q Ne"