New-York tribune., 1869-01-19


WASHINGTON, Monday, Jan, 49, 1862
Senator Shermans financial scheme was repor'eu
10 the Senate from the Finance Committee 'oo"y
The Committee could not agree upon the i""uiNs
clause, and it was therefore struck out. oeVerM
owendments viii he offered to the bill by the MEM
hers of the Committee when 1t comes mp Tor cohsd-
eration in the Senate Ii was thought best 10 nave
the bill reported in its present FORM ana aio" IL
10 be matured in the Senate. There was no dis-
ooroement in the Committee respecting the clause
Ieralizing gold contracts. The next clause oil the
hill which authorizes the Secretary OF the treasury
TO issue gold certificates to the amount OF god III INC
Treasury which are receivable for duties VIII DC
strongly opposed in the Senate. The third clause
allowing the holders of greenbacks to convert them
iuto five per cent bonds running Az years
the interest payable in gold, will also be
opnosed on the ground that il viii in effect produce
n strngency I'm the money market as 1T affords IN
dueemcnts 10 holders of greenbacks TO convert
them into long bond. The most important amend
ment offered was that of Senator Williams to the
second section which has the effect OF limiting the
conversion of Teenbacks into 1910 hye per cent
bonds TO 100000 per month. The other amend
nents make il compulsory upon the Secretary OF the
Treasury TO issue the same amount of coin notes as
there are greenbacks funded as provided IN section
2 These are to be employed in purchasing bonds
bearing six per cent interest, so that under this bill
with the amendments two processes are going on at
the same time. One is the conversion of bonds bear
ingsix per cent interest into bonds lbearing five per
cent interest and the regular and gradual conversion
of greenbacks into coin notes.
The proceedings in the Senate to-day were highly
interesting. Mr. Harlan obtained the floor, and be-
can a defense Of himself from the charges made by
Washington correspondent in writing about the
building of the Pacific Railroads and the connection
lf, IIaVlAV OH fhnrfr frh
dsclaimng any annoyance on the subject, showed
evident i'll temper, not only in his comments on the
representatives of the press here but in affecting TO
espse the criticisms of THE TRIBUNE. and other in
dependent journals Mr.. Grimes came to the aid of
Mr. Harlan, and made brief speech In bis favor
Senator Pomeroy spoke on the same subject and de
MED the truth of many Of the assertions OF the CORE
spondent in question. After three hours had been
consumed in attacking the newspaper correspond
ents the Senate begans cuisines Several Important
bills were introduced Mr. Sherman, from the FL
nance Committee reported a new funding bill,
which he unsuccessfully endeayored to make the
special order for Monday next but failing in which,
be will take 1.-THE earliest.opportunity of calling up.
1t is somewhat similar to the Funding bin reported
by hIm last july Several members of the Finance
Committee and other Senators have amendments TO
offer. Mr.. Morton's bill declaring railroadpassenger
taxes illegal and making the coil ection payment
Of the same misdemeanor, wa received with
marked sensation 1t is designed to son the practice
which has prevailed for many years i'll New-Jersey,
Delaware and Maryland of levying per capita tax
passengers transported over certain railroads ly
ing within their limits and which has yearly yielded
a handsome revenue to those States at the
expense of the citizens of the, rest of the
Union. The bill of Mr.. TrnmbdA TO amend
the acts relating to the judiciary, increases the
Supreme Court to nine Justices, the old number and
creates nine additional Circuit Judges 1t isnot prob
able that it will be favorably entertained at present
Mr.. Kellogg sees no good reason why the United
States should not guarantee the bonds of Louisiana
and Arkansas for the improvement OF the levees Of
the Mississippi and introduced bill to that effect
At2oclock the bill increasing the duties on imported
copper was taken up and debated until the adjourn
ment Strong speeches in opposition were made by
Messrs Ferry and Whyte, while Mr.. Chandler bore
the brunt in its favor Mr. Sherman seemed to think
the protection asked by the Lake Superior mines
not too much and no doubt is entertained of the
passage of the BILL in spite of the strenuous oppoe
ton from both the Atlantic and Pacific coasts.
In the House to-day the Pacific Railroads received
n staggering blow Holman introduced a resolution
declaring the sense of the House to De opposed to
any further payment Of money bonds to aid in the
construction of railroads The resolution created
sensation which was rendered profound when the
vote on its passage announced to be 81 Yeas to
CO Nays. The antirailroad subsidy men, elated with
their success attempted to pass similar resolution in
regard to the granting Of public lands for the same
purpose but it was lost by a very large majority
This action of the House will have the effect of clear
ing Washington of the who are here seeking
subsidies for railroad projects. The Wells, Fargo
mail contract matter up again, and the Commit
tee on Public Expenditures directed to make an
investigation Farnsworth made speech in this
connection. He defended his in the matter,
and disclaimed any intention of smotheTing an in
vestigation Boutwell, gave notice that he would
call uD his Constitutional Amendment on Saturday
next. and ask vote on the following Tuesday. The
Legislative Appropriation bill was debated until ad-
journment
The programme Of Gen. Grants visit 60 Baltimore
this week has been arranged follows The General
VIII arrive IN Baltimore Thursday morning and
proceed immediately to the residence of Mr.. VIM. J.
Albert, after which he win drive about the city and
visit the points of interest On Friday night from
10 10 o'clock, he will receive his friends and the
public generally at Mr. Alberts residence.
Gen. Thomas Ewing, DR.. Mudds attorney, pre-
tends to have assurance that his client will soon be
pardoned by President johnson. Mrs Mudd is here
aud tomorrow will have an interview with A. J. to
urge the matter.
The Reconstruction Committee are still engaged
i'm investigating the Mississippi case. The testimony
is conflicting particularly regarding the manner In
which the recent election was conducted but no
doubt exists that the full Union vote not half
polled Accordingly, Mr.. Bingham to-day introduced
bill for election.
Supervisor Noah of Tennessee reports TO Secretary
McCulloch that with the sanction Of the Depart
ment he can recover several lots OF whisky sunk in