The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-01-13
FORTF-FIRsr CONGRESS.

wIsuiNGroS, Jan. l2.-Mr. CoNkLISo CRep.,
n. W presented the resolutions OF the Legislature
OF New York, Withdrawing assent to the ratinca.
ton OF the Fifteenth Amendment He said ne TINS
DISCHARGED di-tasteful duty, and regretted that A
State Of New York. Wv
HANDING THE DtBr DowS TO rosrERirr.
, M SUMNER (Rep.. MaSs) introduced q bill for
the consolidation OF Ne national debt, and to estab
lish specie payments lie said the reduction of
taxation Involved two things: FIRST the reduction
OF Tue present annual interest, and second, the
spread Of the national debt over succeeding genera.
lions fosterN should he compelled to help she
this debt. The bill oontempia ted the e1tinguish.
ment OF the 6ss OF iS62 amounting 10 $500 00O OOO
whieh were 10 be refunded into 8 per cent. 10-tOs
WIN new issue OF the latter, foreign holders OF
our per cent bonds OF lS62 would accept the per
Sn cent bonds IN iisu OF coin aud so much Of that
loan a. ~ hed at home may be paid In coin, II pre-
ierred BY holders, from the proceeds OF an equal
smopn1 Of nvsS placed in EUROPE. at par for CON.
out per cent. bohcs being limited In amount. az
.er beng taken at par In preference 10 coin, will
advance IN value, so that the Investment will become
popular. The national credit win thus be maintain.
ed the offer being plain, bonds or coin. giving
the world assurance OF our determination. The
ans answer VIII be as prompt as the offer, bonds and
not coin. The bonds deposited by national banks
Win the dovernment must also have their interest
reduced and additional banking facilities must be
bring national obligations to par with coin aud 10
resume specie payments without effort while our
market.
TEE RESTORATION OF VIRGINIA.
Mr. CosKLiSo spoke upon the amendm ent to the
Nirgnis bill, providing against any action BY that
state toward rescindng the Fifteenth Amendment
lie cobtended that Nirginit had complied with all
the conditions imposed upon her, bnt that more
mad been Demanded OF her than asked OF Louisi-
ana ana south Carolina Congress could not con-
sistenuy discriminate between Virginia and the
other States that had gone before her and to post.
faith. eN''
Mr.. scoTr Rep., Pa), opposed the amendment
because OF It's Implication that Congress had no
faith In Nirgina's fidelity TO the covenant into
which she entered as a State OF the Union.
Mr.. EDhuNDs suggested an amendment requiring
thelmpoziton OF the oath In the case OF State on
GERS IN order that they shall not be obnoxious to
the Fourteenth Amendment
Mr. MORTON gave notice that he would further
amend by declaring In favor OF the preamble that
the ratification OF the Fourteenth and Fifteenth
Amendments as conditions lprecedent to the repre-.
sentation OF Virginia had been made In good faith
Mr.. SUMNER presented memorial from Virgin
mns, setpng forth, among other things, that the
right or secession was As firmly believed In aB at
any time during the war that some members Of
the Legislature had recently ayowed that the pledge
given to carry out the new Constitution was made
to gain the admission OF the state and
deceive congress- that Gov. Walker was
Copperhead during the war, in full sympathy
with the rebellion; that he was president of club
In Chicago, organized to rescue rebel prisoners
hom Camp Douglas, and his political procliyites
had undergone no change since his residence In
Virginia; that during the canvass in Virginia he
publicly declared his desire to vote for Gen Robert
r. Lee, because he was the greatest soldier OF the
age, and he and Gen. Lee occupied the same poliIl,
cal platform.