The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-12-05

which they be be sold par gold the
secreary the Treasury sell them IN such sums Is
notes % s1s saS
tint. Ss CURRENCY sass S1G reserve aaI:a
Mr.. SUMNER Compound interest notes nave been
already tried, so that their operation Is known IL
Is their peculiar quality that ct the time OF issue
they enter into the national currency aud become
accumulates they are gradually Withdrawn and
held as securities. SO long as there Is little appre-
cable accumulation OF interest these notes pass
from hand TO nand as ordinary greenbacks; but this
ceases with their increase IN value. Now, II these
are made substitute for greenbacks the currency
trade, until IL IS on par with gold and we arrive at
specie payments. Until this Is established the
are no better na anu failed paneT Be1oas
the stgm. inflicted by this condition there Is
derangement OF affairs aud conseJ uent embar-
business Is out or gear with the business OF the
world, while ut home vicious speculation runs
During tho war 1t could not have Deen prevented,
but II should have ceased with the war. The sus-
pension Of specie payments was war measure, IKE
the suspension OF the hareas corpus or the draft,
AMI, like those. 1t should have discontinued 1t once
So long as " - allowed 10 prevail we nave war
such, It u out Of place and out Of season. am not
insensibe to the credit obtained by a swift pay.
Un Of the soss nU de enable SSs ' seSn
our debt without extraordinary and abnormal cf-
fort. Let there be specie payments and the debt
VIII refund Itself. Inc payment or the national
the people for The sake u tins feather would re.
the government 60 make paper equal 70 coin. Here
y another equality before the law which would es.
taDllSh.
10 BILLS WE'RE rNrRoD- CRD
and laid on the table as i0llowB:-
By Mr.. CRAGIN, (rep) or N. H.-To aid In the sup
preston OF pOlygamy IN Utah. II was SUBSTANTIALLY
the same bill as that introduced by Mr.. CrAgin mere
by M: KELLOGG. rep.l Of La.-To extend the pro,
land Chains IN Louisiana, Florida and Missouri.
BY Mr.. RICE. lrep.) Of Ark.-To authorize the Sec
ceeds OF certain cotton seized in violation OF nstruc
lions from the treasury Department. alter June IL,
1859 east 81 the Mississippi ver and after June "a
BY Mr.: HOWE. rep.) Of $40 regulate actions
In the Court OF Claims by loyal owners OF properly
seized under the act Of March IL, 1868; providing
that uniformly loyal persons may, after six months
from the enactment OF tnis bil, bring suit IN the
iccled In pursuance Of Inc "Acs 10 provide or the
collection OF abandoned property"
Mr.. BLAIR, tdem.) Of Mo-, Orered the following re.
Resolved Tha. President Of tho United States be and
o T. 10 ns adf o na
law and by what authority he has csused the constitution
OF South Gsrona to he set aside and martial law declared
ana the writ OF in the coans,
asa IN me state o. South Garolos, whereby the courts
4 4: . &c :s2g !. e
esusciay requested 10 ay before me Senate all the act.
the Un,ss committed in q those eounsie. any
time after the xoth day OF April ISL and prior to the date
the offences the facts relative thereto and the Of the
lay e
ton Of process Of the civil courts, the officers
q sounSs: II which guarantees q
liberty have been annued by the proclamation aforesaid
inca o n I N. nj
mat he s,ys lie names q ii the s.a citizens
So.ons sSs law With which slaS and The
dates at which It Is alleged they committed the offences for
which they were 80 arrested ana imprisoned and that he
facts on which he acted in issuing Proclamation
SALT giving the names Of MS intormants their statements
when made verbally; Gongres. dstsrmine what
as na 10 "e wS sre not y Of
fences aaans the Unssi States equal
forms prescribed BY the constitution OF the
Laid on the table. ga6 f
recess was then taken till 1:15 =. NJ, after
Mr.. RAMSEY, irep.l OF Mlnn., introduced q bill to
establish the collection t,isrct OF Duluth, and 10
create st. Paul port OF delivery.
THE Presidents MESSAGE
was then received aud read end ordered printed.
MIR. summers bill was laid the table.
the annua, reports Of tne heads Of departments
were presented, ana ordered TO be printed.
RELIEF OF THE GHIcAGO,sUFFERERs.
Mr.. LOGAN rep.) or III, Introduced = bill to pro.
VIDE for relle Of sufferers by the fire Of Chicago;
providing for the free importation or goods aud
merchandise contributed IN foreign countries for
tine relief Of Chicago sufferers when consigned tne
proper authorities for distribution; providing, Also
Tor the payment OF drawback OF the import duties
on all materials to be actually used In buildings
erected on the ground burned over by the Ore OF
October o. II the SAID materials shall have in.
specied within one year from SAID date OF the fire.
aud suspending the collection OF internal revenue
taxes until the close OF the next regular OF
Congress in favor Of such persons owning property
the First Collection district OF Illinois as have
suffered material loss by said fire.
LAID on the table.
The senate then adjourned.