The New York Herald Newspaper, February 4, 1862, Page 8

| ; 8 eee PROCEEDING’, oF CONGRESS. PRIRTY- gEVENTH CONGRESS. ~ PiReP SESSION, Senate. - Wasereros, Feb. 3, 1862. WorORALATION OF FORRIGNERS IN THE ARMY, Wr Wons, (rep.) Of ONO, presented @ joint resolution from the Iagisiature of Obio, instructing members of Congress io use their efforts te secure such amendment of tho patvcal zation laws as will grat naturalization to those of foreign birth who serve during the war, Re- fer NATIONAL ARMORY IN ORO. hir, Wane also introduced a resolotion for @ uatiocal armory in tho State of Obie, Referred. PRONTIER DRPRNCES OF O80. Mr Wonk sino presented @ resolution from therame Bouree iM relation 1 Lue frontier defences of Vig. MESOLOTON OF THE MICHIGAN LEGISLATURE KBGZENING THR Wak. Rm, (rep.) of Micb., presented resolutions ogislatore of Michigan reaffirming loyalty to red of traitors, aud asking the #overtmMeat vo xpeedily pul down Une insurrection ing the confiscation of the property of the rebels, and @ king that, ax slavery is the cange of tbe war, it be wept from the ‘aud. ni Me. Seewe, (rep. the President lego, ak ang Cong danoe in the my or to re vHe WAR ¥ of Cal,, presonted & memo meree of San Prancisee n regard to the pre ir. ¢ trem the Abe govern pt and ha , presented a petition from ts of Hurvard Col- he norcber of ehap ther salaries. ‘a) from wig (he pnb Ware tho Ch rope re ousmg eystem THIC ARMY SURGKONS N. ¥., presented 1.300 cit kiyn, asking that hew gecae be employed tin the army. TUE RRCEPROCTTY TRRATY WoT CANADA, Mr, Hankrs alse & pelition from citizens of New York, asking that Cougress take speedy measures to procity Weaty between Canada and pelition from opathic sur bat the Committes of im ely notifying Great Britain that the Reciprovity Ureaty is mot roviprocal, and that it be terminated al the earlieat pos- sible moment, Laid over. TRVYING NATIONAL TAXES, Mr. Hake also presented resolutions from the Legisla- a’ New York, asking a moditication of the law for veane, #0 that aby ainoont tay be raixed by y ny mode of taxation except duties on im ports. Thet each Stare be allowed to assume the ameunt of lax and assess for Lhe payment and collect the same according to its own laws and by its own offie-rs. Re- ferred IME MUITARY COMMAND IN KANKES, Mr. Powenoy, (rep.) of Kausas, offered a resoiotion asking the Seer of War for all orders relative to the force ie the military command of Kansas, and whether the tame be ©mmanded by General Lane: whether any change has been nade in the military orders since Gonera! Lane left ue Senate to take charge of the force, ‘and whether General Houter’s order (already published) aw i accordance with the ord here. Laid over. PU’ E AND DISTRIBUTION OF COTTON SKE Mr. Siumoxs, (rep.) of R.¥., from the Committee on Patenis, reported back the joint resolution appropriating $3,000 for the purehase of cotton seed for general distri. otion, with an amendment appropriating $1,000 for the purchase of tobacco seed. Mr. Cantine, (Union) of Va., thought the eotton seed woukd not produce a profitable crop in the. North. He moved to postpone the subject until next January. Mr. Pomroy, (rep.) of Kansas, said that cotton had Deen raised in Kansas, and he hoped the resolution would jaes, ax they Lad no seed there. Mr Peace, (opp.) of Md., was satisfied that cotton could be ® profitable crop as forth north as the southern voundary of Maryland. He had some experience in rais. ing cotton. Mr. Carlile’s motion was rejected and the amendment Of ibe committee adopted, and the resolution passed. FLAX AS 4 SUASTITUTE OF COTTON. Mr Axrnoyr, (rep.) of R. I., offered a resolution that the Committee on Patents ingnire into the expediency of Making aD appropriation to aid in the experiment of manulacturing flax as a substitute for cotion. Adopted. THE WAKRROUSING SYSTEM. Mr. Wisox, (10).), of Mass., presented a petition from the merchants of Boston against aiteration of the ware- Bousing syster. ‘THE GOVERNMENT BAKERIES. Mr. Foe, (rep) of Vt.» catled up the reaohution ‘ rect ing the removal of the army bakeries from the Cay toh Pamod. MILITARY RAILROAD IN KENTUCKY AND TRNNFSSEE, Mr. Jouxsox, (opp.) of Tenn., moved to take up the Dil providing for the construction of a military railroad m the States of Kentucky and Tennessee. Disagreed to. DEFENCES OF PENNSYLVANIA. Mr. Cowax, rep.) of Pa., offered a joint resolution rela- tive to the @ and river defences of Pennsylvania. Keferred. Aiter an executive session the Senate adjourned. House of Representatives. Wasmtxcron, Feb. 3, 1862. Tile RLPCTION IN MR. UPTON'S DISTRICT 1N VIRGINIA. Mr. Urrow, (Union) of Va., offered a resoiution that the ‘Committee on Elections be instructed to summon before ‘them the conductor and one or more commissioners who held the clection at Ba'l’s Cross Roads on, the 234 of ‘May iast. He remarked that {¢ would be oniy fair to him whore seat was involved in this case that this should be done. It would occasion but little if any delay. ‘The committee had fallen into a grave error. Mr. Dawns, (rep.) of Mass., replied that this ea was submitted in July last. The gentleman (Mr. Upton) had several hearings before the commiitee, who gave him an opportunity to submit every- thing he desired. This session the case had as- fumed a new form. Another gentleman was here con texting the seat. They were both given a number of days ap which to take testimony, which is usual in such cases. ‘They wenton inthe manner stated in the report, and what they did is a cariosity. The gentleman (Mr. Upton) tovk the depositions of these very persons be desired to ‘Ve summoued before the committee. If tbe gentleman wanted to procure testimony never taken or printed, that de another thing. If, as be remarked, the committee fallen into a grave error, and if this was palpable, it would certainly be made known in the consideration of the question. Mr. DeLANo, (rep.) of Mass. , adverted to the resolution end thought the request reasonable. Mr. Waicnr, (Union) of Pa., said Mr. Upton came from & disiriet of disioyal people in Virginia, and heuce be ap pealo! to Mr. Dawes" generosity to allow Mr. Upton fur ther time to examine witnesses. Mr. Dawes repiied that the committee were acting in a jauicial character. They had beard the testimony of these two men once, ‘They had no objection to hearing them again. The gentleman (Mr. Upton) ciaimed only ten . The oe were willing to admit that ten per- voted t Ball's Cross Roads. r. Urrox—But you deny the validity of the votes, Mr. Dawes replied that it was for the mine whether, under the circumstances a in which the votes were cast, it was a legal election. Herides, Lhere was & man waiting outside for the seat who obtained seven times the number of votes cast for Mr. Upton Mr. lenaxo reminded him (Mr, Dawes) that the gentle. man whe contests the seat was not « candidate at the fame viection, Mr. Dawes knew this; but it appeared that a new elec tion could be held in Virginia at any time. He further opposed the resolution, which subsequently was laid on the table. We RRPORTD REFUSAL OF ILLINOIS TROOPS TO FIGHT ON ABOLITION PLATFORM. Mr. Lovmsoy, (rep.) of Ill., offered the following — it has been learned tn this House that five Tilinois regiments did, on learning the contents of the report of Sec- sears Cameron, iay down their arms in token of their re ight for the same; therefore, a, That the Commnitiee on the Conduct of the War tuo int the alleged fact and report the same to Congress, Mr p.) Of Til., desiring to discuss the sub. tect ‘over under the rule. smavICR, on rep.) of N. Y¥., it wat solve that the Committee on Jost Oftice and Post Roads te requested to inquire into the propriety of establishing by law avystem for the {ree receipt and delivery by postmen oF ali mail matter io cities containing upwards of 10,000 inhabitants, in conformity with the adinirable nud coonomical Post Office sytem ‘of the principal cities of Parope. THR DRPENCRS OF WAsHNe The House then proseeded to act on th ment 10 the House bill ma pieting the defences of W proviles that no volunteors or militia im any Stato shal be mustered into service on any ground or ¢ ootine| within the limits of any State and vicinity if any volunteers of militia have tur beon musi Senate's amend ‘opriation for com. Aron main tained on one eide that the Home Guard w essary in Miswonri, Kentucky and Maryland, official permission having alreaty been made to ihat eud, and on the othe that no troops had a right to ark for dit ail should be placed on (he same fc Among the speakers was Mr. Thomas who in the course of his 4 tat there was a secession eiement which was only waiting for an nity to more plinly manifest its purposes. Although two-thirds of the people of Maryland were prepared to defend the Uhien, the remainder were ready at any time to make w Hence the importance of the Home ye army shall mareh South, to keep down 1 he had referred. iat privileges, ing Union) of Md. to wa Mates ment to Mr. nwoy awid that the object for which Mr. Thomas ovired scch home (orees was to gaard the master in lie pnrighteou# eluteh on the negro, He would net voten colar for snch av infamous, iniquitous and devilish pur- fer, Thoarmy was not raised to keep men in bondage, eching women to be lavhed on the naked back cursed thong. my, (Union, of Ky., rieing to a question of faid:—It is uub’ co:miny to denownce an entire elas or pie in thie try. Itieunbecoming im the gon ' i (Mr. Lovejoy) to do so. Larrestiim ia bis re avacks for ungentleman)y conduct The SeRAKwR «aid Rich remarks bad heretofore beer in Gulwedvn, but ger t ben ares n them | when they we p the Me, Thomas enit that ern Die ‘angoage when he Mr, | + { Gr Thommae, Pegpowed Wry CMe cos sof the War Department m, which amendment | Jand to prevent the slaves of O.at State from leaving their masters, He further €” jained, avd said that be (lr, Thowas), though of limi ed means, had porebased and manumitted eleven buy ‘ ‘The House finally diag” sed io the above Senate amend- ment, by # vote of 56 4¥ ainst 86, DRROTE OF Thue TREGEORY NOTE BIL. ‘The Honse then Wont into Committes of the Whole on the Treashiry Notw pai, Mr, Vatcwor .nam, (opp.) of @ihi, a epeech o@ the subject. Me opposed the bill on the ground that it propored V, make the notes a legal tender for all debts, public 7.4 private, aud thus force @ peper curreney upon the wuniry. He deued utteriy the constitutionality of WG "proposition, but he would net repeat the conclusive Aafguiwent of his colleague (Mr. Pendleton) upon that ‘pont. Heoppeced it upon grounds of sunad political economy. general policy and justice, Ik would derange business the currency and bring about general confusion in all contracts and all commerce, ft was un- just to enforce the payment of debts in paper which were contracted for payment in specie, In effect, one promise to pay was to be made a legal tender in satis- fachon of another promise to pay; and the promire by the government t© Day im paper ‘was to discharge the obtigation of the individnal debtor to pay bis creditor in aud tilver. Again, the bill precedce where it ought ‘The promise to tax would not give credit to these, Taxation onght to have gone before, but force, it seemed, war to take the pluceof taxation, The notes payable, but in what? gold and silver, and Yreagury noies, The government had wo silver: therefore the ‘Treasury note was & legal tender in satiefaction of anc Treasury pete, The bill was a forced loan in digg None but vevolutionary governments or those in a far decline, or in imminent danger of imiuinent overthrow; aud nO king OF potentace, except a usurper, had ever at: tempted the coptrary to the plainest prinei- tw follow ples of pe and if carried out and con- wo silver and bank paper ot of these votes, declared law cirenlation. f y 3 payable, like bonds, at the ples sure o! the government, the debtor, and also. were to be | Feceived wo the payment of debis already existing, | although they were, when contracted, payable in gold | and silver. ” Mr. Vatlandigham condemned also the change of the name contemplated by the bill from T Ty notes to United States notes. — Bighty-lwo Tressiry note i ) Treasury notes, public and private, had been paxs 6 wae ever given thers except Trea unless it was to furnish a pert The holes were Levertheless but continental money. — He vb- jected farther to ireular power to convert these Lotes Into stocks, and re issue then without limit to be again converted into #tucks, Also to the power to make certain of the bonds payable in a foreign country and currency, wid contended it was partial and unjust. He spoke a'S0 of the fact that in addition to the endless issu Gf stock under the firet section, $00,000,000 inore of 8 Ocks were provided for by the second section, Was the whole of this te be but a foundation (or Uhe great national the Secretary of the Treasury? He support of bis sub payer mill o’ argued at length in stitnte, It depended the credit ot the ferment supported taxation, Taxation could float somewhat inore of tho'Treasury notes than thy amonnt of government dues. Ho referred to the success of tke plan iv North Carolina 9 1786, and of Rus- sia m 1827. These notes would have an important ad- vantage over bank paper, being receivable for govern- ment ducs, and it was not, The banks could not drive them oot of circnlation, ‘The whole theory of the plan | was to provide a mediam or currency between the gov- eenmont and the tax payers and the tax consumers. “But of course tive notes Would circulate also in private busi- ness, The substitute differed essentially from the bill. 16 one relied on foree, the other on credit; the one loo! the coercion of law and the army, the other to the co: ercion of tax the constitu tion, the other shocked jus! and’ polit recognized and cont one would create an irredeemabie, unlimited, deprec paper moury faced by the fear of violence or coutisea tion on the whole people; the other propossd # vi , limited and temporary currency for the creditors and debtors of thy ‘The Uitterence was radical . Upon the prine latter he (Mr. Vallandigham) would cordially support any measure of finance necessary to maintain (he credit and good faith of the government, otherwise he would not vote to bring down upon the people the tiple ruin of & forced currency, enormous taxation and a public debt never to be extinguished. ME. HOOPKR, OF MASSACHUSEITS, ON TNS NATIONAL TINANOES. Mr. Hoover, (rep.) of Mass.—The unnsna! exigencies of the country require that we should look for other and deeper sources of revenue than any to which the govern- ment bas heretofore been accustomed. We are contend ing for the maintenance of (he government, for the pre- servation of the Union and for the enforcement of the Jaws, on which depend ihe existence as well os the seen rity of property. To insure oar success’ in this contest great aud wousual exertions have already been made, An enormous army, a powerful navy, with vagt stores of artillery «nd ammunition, have been created. In pro, viding for the sustenance, comfort and equipment of this army and navy, the government have been obliged to incur expenses tar exceeding in magnitude any which have been hitherto known in our history. To continue them in their present state of efficiency large .ad- ditional sums must be expended;and it now becomes the duty of Congress to devire methods by which these sums cau be obtained with the Jeast hardship to the people and the least risk to the credit of the government. In considering the means by which this is to be effected, it must be remembered that it is hardiy possible for the government to raise money for any jr pose withont occasioning some inconvenience to indi viduals, ‘To oppose necessary measures, therefore, simply upon the ground that it wil! injuriously affect this class or that class of the people is absurd. Parties interested may endeavor to show that the same objects can be ef fected with less hardship than by the methods proposed, ‘or may endeavor to alleviate any objectionable features, #0 far as may be consistent with the attainment of the de. sired end: but they should always remember that the en aimed at must be atiaimed; that its attainment will re. quire individual sacrifices iu some form, and that ii is the part of wisdom, of patriotism and of discretion to submit to such necessary sacrifices cheerfully when called upon, and not, by their oppositions attempt to exctie popular clamor und weaken public confidence in the gvern ment to which they are indebted for the safety of ther persons and the security of their possessions, Every step which tends to weaken the public credit has the eftect of rendering private property more insec cause it obstructs the goverument in procuring its sary funds in the ordivary way, and may oblige it to resort t the arbitrary modes of forced loans and beay ie rates of taxation. At this moment, therefor the time every bope of nid foreign capil sources for the means with which to maiatain her in tegrity and subdue the rebellion, not only does every dictate of patriotisin and every ennobling rentiment of Ii upon the capitalists of the try to rally of the government, but the meaner instinet ory ation admonishes them to submit to sigh, sacrifices now that they may secure and preserve their property. ‘Three measures have been considered in the committee, which are to seme extent connected to gether, and form & cemprehensive system, by which, it is believed, the government will be enabled to pro cure the sums necessary (0 the successful prosecution of the war, while at the same time the boithea upon tho capital of the country will be light, and the public will be benefitted in some important particulars, The first of these measures ir the one now | before the House, by which the Becretary of the Treasury ig authorized to iseve United States notes, not to exceed one hondred avd fifty million dollars im amount (includ ing those authorized by previous laws), of denomina | tions not Jess than five dollars, They are not to bear in terest, but are to be issued and received money | vertibie, at the option 8f the holder, into six per cent stock of the United States, the principal and inte on | | *t | being payable either here or abroad; and these notes are to be a legal tender. ‘The second measure consists of a | tax bill, which shall, with the tariff on imports, insure an annual revenue of at least one hundred and fifiy millions of dollars, ‘Tho third is a national banking law, which will require the deposit of United States stock as security | for the bank notes that are circulated as currency. In | order more fally to understand and more easily to meet ny objections which may be urged against the first of these measures, being the one now occupying the attcn | tion of the Honge, it will be desirable to notice the other two, which are designed to be more permanent jp their character, and upon the expected results of which the prese oasure is in some degree based. The tax hii) is now being perfected in its details. It proposes a moder. ate yale of taxation upon most of the articles of necos sary consumption, with higher rates on distilled liquors end other articles of luxury, on legacies and probates, on passengers by railroads and other conveyances, news- papers and telegraphic messages. From these sources, ‘aken in connexion with tho tariff upon imports, it is confidently expected, after a most careful investigation, that the government will derive an annual revenue of at least one hundrod and fifty million do Tho ordinary expenses of the government lo not exceed seventy-five millions, which, boing deducted from the estimated reye- nur, will leave an amount suMficient to pay an interest of six per cent upon @ joan of twelve handred and fifty million dollare, or pearly three hundred smiilion dollars more than tho estimates of the veveral doprrt | the amount of the public debt at the end of anothor Seow pear, if the state of affairs showid remain in the ew piprable condition ww. Thite fae Bit wit! p H bunts of the United ee the hardier #8) snwob ex irod PY Sopitalic Rmthat of a eure ster Lrecory. With puch @ chaswcter there woud be ne when the country is compelled to look to her own re. - harm done if the principal were never paid, # far ae those holding the bonds are éoncerned, Hecause cap its) ints in the aggregate do not care for the payment of their principal, The only value which they place upon their capital i@ derived from the fact What it will y seid thea @ revenue, and if at apy time the cu; )talst should wih to uge the principal of his bond he knews that he cap alw sell it to another who is desirous to invest as much as he desires to sell. The amount ef dent of the British government in so geeat that the most sanguine Political ecovemist cau devise no method by which it can be extinguished; but yet the bonds representing that very debt are of great value. Capital seeke them for in- vewtinent because the interest is sure; and the only rea- won that they are ever below par ik, uot because the pay” mentof the principal is more or jess hopeless, but be- cause the rater of interest in the market at the time being are higher than the rate provided fer in the bonds. ‘here is another advantage attached to this scheme of taxation. As the eurplus, after deducting tho ordinary ex. penses of the government, will be more than sufficient to pay the interest upon any debts which the United States has now incurred or hercafter proposes to contract, when this rebellion shail haye been subdued and peace shall have once again spread her wings over the land, the rey venue will increase with the prosperity of the country, and the excess will operate af a sinking fund, by moans of whieh the whole debt can be gratually extinguished. We have seen, in our own experience, at no very distant dete, a surplus revenue need to diminish the nationa, debt by even paying for it an exorbitent premium: Raving thus, as we believe, provided a wise system of taxation which should enable the government to borrow all the money which it may need, at fair rates, it is pro- posed, in order to give still further assistance, and also with the object of securing a much needed reform, to recommend a general banking law. The views which hive been considered in framing that bill will serve to g ve a clearer understanding of its provisions. For nearly thirty years the country has been without a uni- form paper currency. Ae nearly all the business of the country in done by means of paper, specie being seldom used except in the payment of balances, the imconve- niences resulting from this want have been very great. ‘Yhe taveiling public, remitters of smali sums by mail, snd the iaboring classes, who often receive their pay in uneurrent funds, chiefly experience these inconveniences, In order to relieve this want it is necessary to give to the paper currency three qualications:— First—It must be well secured, so that the people may tel that they are sure of obtaining its value when needed. Second—It must have a governmental endorsement ov guarantee, go that the people everywhere may be able to distinguish it, and the government prove its confidence in it by taking it in payment of taxes, assessment and other dues, Taird—It must be guarded, as far vs possible, against arbitrary increase. These requisites have all been provided for in the bill. The paper currency is to be secured by a deposit, with the government, of United States stocks, the market value of which shall be equal to the amount of the currency issned. There can be no higher security known to the government, and jis permanent value has heretofore been shown. ‘The government, upon the receipt of such security, is to certify on the face of the notes for curreucy that the same are ‘secured by pledge of United States stocks,” and is to take them in payment of all taxes, excises and other dues, excepting only for duties upon imports. Lastly, the government. cannot increase the amount of the currency except upon the application of a bank, and the banks caunot increase it except upon application to and depositing security with the government. It has been suggested that, as far ap the government alone was interested, the objects which it had to gain could be al- tained in an easier and les: expensive manner, The paper circulation of the country being iu reality a loan from the people without interest, it would be equitab!e and just that the government should take this loan directly into its own hands and furnish al] the paper circulation, in- stead of allowing the benefit of it to private asso ciations and individuals. But the commiitee deemed it more wise to aitain their proposed ends, if possible, withont disturbing existing institutions or habits, or do- ing anything that might injuriously affect private inte. rests, Tho carren: therefore left to the banks; they are only required to deposit security for it, and to sub. mit to certain established rules and regulations pre- scribed in the Dill in order to insure conformity of management, for the common beuefit of the banks themselves and of the public. To many of the banks these requirements will not be difficult of performance, they already hold stocks of the United States which they will be at liberty to pledge, In exchange for the restrictions imposed upon them, the banks will enjoy the benefit of a fixed and anent in terest upon their hypothecated stocks. *‘Am odor of nationality,’ as Mr. Webster called it, is also imparted to their bills, enabling them to circulate wider and fa’ ther than before, and what would become @ constant drain upon their specie is checked by the consent‘of the government to receive their notes in satisfaction of ity dues. Thus are secured al! the beuefts of the old United States Bank, without many of those objectionable fea- wires which aroused opposition. It was affirmed that, by its favors, the government enabled that bank to monopolize the business of the country. Here no such system of favoritism existe, It was affirmed that while alarge portion of the property in the several States, owned by foreign stockholders, was invested in that bank and its branches, yet it was unjustly exempted from taxation. Here every State is left at perfect lib erty, so far as this Inw is concerned, to tax banks within its limits in whatever manner and to whatever extent it may please. Jt was affirmed that frequently great in convenience and sometimes terrible disaster resulted to the trade aud commerce of different localities by the mother bank of the United States arbitrarily interfering with the management of the branches by reducing sud denly their loans, and sometimes withdrawing large amounts of their specie for political effect. Here each hank tran its own business upon its own capital, ani is subject to no demands except those of ite own customers and ils own business, It will be as if the Pank of the United States had been divided into many parts, and each pare gudowed with the life, motion and similitude of the whole, feyelying in its own orbit, managed by its own Board of Directors, attending tothe businese interests of its own locality; and yet 16 the bills of each will be given as wide a circulation and as fixed a value as were ever given to those of the Bank the United States in iis palmiest days. It is not to be pposed that variation in the rates of exchange will en- Urely disappear, Specie itself yields to the law of de- maud and supply, and fluctuates in value with the con. tinual changes of the balance of trade. But this currency will approach as noar uniformity in its value as possible: These {netitutions all originate among the people in their own localities, and are not created by the government: ‘The goverument simply authorize the investment of capi- tal in the loans, and the use of the bonds reprosenting the foans as the basis of a sound circulation. This measure will, therefore, give to tho people that which they most desire eurrency which shall not only purport to be money, but shall actually be money in a broader and more positive sense than are the notes of the Bank of Eugiand, bigh as they are in the estimation of the coim- mercial world, for the reason that the entire capital of the Bank of England ip vested in its government stocks, pay ing a very suall rate of interest, and upon these stocks are based, therefore, the wliimate security of their bills, which is @ divided security, becanse the depositors of the Bank look to it equally with the billholders; whil® the plan propored by the committee contemplates the hypothecation of the stocks of a government with fower liabilities, paying « larger rate of interest, which are specially pledged for the security of the currency alone, Having thus provided a method by which the ordinary expenses of the government can be paid, and the rest upon ‘its contemplated loans secured beyond rensonable doubt; haying also provided » method by which a sound paper currency will be guaranteed to the poople, and by which a comparatively clear market will bo secured to the government for the negotiation of future loan#, the way is now prepared to consider tho precise measure pending before the House. The levying of the contemplated tax, the proper inauguration of the now hanking sekeme, and the successful negotiation of a new loan, are matters that will require time. In the meanwhile the Treasury is comparatively empty, and the demands upon the government are wumerour and pressing. To enable the government to support itself during thig interval of tine, and to faciditete the negotia tion of their loans, the comraittes have decided to recom inend the jesne of government notes: So much hae been teid and written, and #0 discordant aro tho views entertained ia regard © monoy and finance, thot ny eoneider = the oct oan tan te weclese fe ’ tthe pore Hw ihin are may We states! ina few were, apd the comprehension of all, Throvghout the North the coptry sboonds with necessaries and fuxuries. phe ans of Uransportation are insuflicient 4 convey to the teaboard the surplus food now ready, with unparailelled bounty, fe meet all the demande of ether nations, Gur stores aud warehouses are filled with everything re- quired for wonvenienee or comfort. Au army of more than half 4 million of soldiers is in the field, and « pow- erful naval force on the waters, provided already with everyting needful for their comfort und our defence, he question we bave to consider is, how this armed force which hat been thus raised and provided shal! be paid for? And how shal! we pay for what is necessary to maintain it in the future? There is an abundance of ¢ rything requisite for the purpose. The question is, simply, Bow ean the government best provide the meany © paying those who have supplied and may continue to supply these forces? There are but two ways in which this can be jusily and fairly accomplished. One is by taxation; in other words, calling on every man to furnish at once his just proportion of the amount required. ‘The other is by loans; that is, by issuing the obligation of the government to pay at some future time, with such rate of interest as may be agreed upon; thereby allowing our descendants to share some portion of that burden, which is incurred as muob for their beneiit as for oars. The Committee of Ways and Means recommend loans, with taxation to meet the interestand the ordinary expenses of the government; and the measures they havo cousideved are for that purpose. The people are ready and wil and anxions to be taxed to an extent that will secure the prompt payment of this interest, and a sinking fond that wil! provide for the payment of the principal in twenty or thirty years. By joiut resolution Congress has pledged itself to meet their wishes in that respect with great unapimity, and the tax bill, as men- Uoned heretofore, is now being perfected in the commit- tee, and will soon be submitted, It is proposed to issue $00,000,000 of bonds, payable in twenty years, with interest somi-apnually at the rate of six percent per annum, upon which the committee confidently rely for adequate means to maintain the government and carry on the war until the rebeljion is subdued, There would bo no difficulty in relying upon these bonds alone if the parties who contracted to furnish the necessary supplies, and other creditors of the government, were the parties who are also to receive and hold the bonds that aro to be issued. But, unfortunately, these con- tractors and others have incurred large debts to banks and capitalists, which they are called upon to pay> and have thus far been put to greater inconvenience by the delay of the government in paying them. Hence there is @ necessity for money; and the object of the authority to issue $150,000,000 United States notes, not Dearing interest, and made a legal tender, is to pay these creditors of the United States, and enable them to dis- charge their debts. In the natural course of trade these United States notes will continue to be transferred from one to another until they come into the hanjls of the banks and the capitalists, who will not allow them to remain long idle in their possesaion, Money for commer. cial purposes can now be obtained for legs than five per cent. Such portion, therefo:o, of the “United States notes” ag are not needed for circulation, and cannot be used in regular business channels in a way to earn inte- rest, will be returned sooner or later to the Treasury Department, to be converted into bonds bearing interest at the rate of six per cent, and payable in twenty years. By this process the exchange is completed, aud the=e bonds of the government will thus be made to furnish the supplies required to carry on the war without the intervention or use by the government of bank paper. ‘The propositions of the Committees from Boards of Trade and Banks which recently visited Washington, submitted to the Secretary of the Treasury, and de- clined by him, differed from the theory of this bill so far as to require that, instead of the issue of the United State notes, the banks should be zglied upon tofurnish the amounts needed. The efiect of this would be that the government bouds must be first disposed of, and the money received for them paid to the contractors. Ip other werds, that the government should go into the money market and negotiate their bonds, without re- striction as to the rate or term, ata time when the government is discredited by the delay and the difficul- ties that have occurred in paying contractors and others; taking the netes of suspended banks in paymeat of these bonds, and, with these bank motes thusgob- tained, pay off the contractors. The obvious effect of such an arrangement would be to put the reins of our national finances in the hands of the banks, leaving to them the direction of our path, with little opportunity for the government to exercise any influence on the subject. Exactly upon what terms the government bonds could be negotiated now, under such circum- Stanceg, nO one can say; but last summer, when the banks made their negotiation with the Secretary of the ‘Treasury for $100,000,000, they at first refused to ao anything, because the Secretary was restricted by jaw to taking par for seven per cent bonds, payable in twenty years, end for 7 3-10 Treasury notes, payable in three years. They finally decided, though with great reluctance—intiuenced by patriotic regard for the public interest as well as wisely consulting their own—to take $100,000,000 of the latter, though, at that time, as gow, money was uot worth for eommer- cial purposes, more than five per cent. It is now pro- posed in this bill to limit the Secretary to par for six per cent bonds, the principal and interest to be payable in specie or its equivalent. It is believed that there can be nothing more secure than these bonds, which thus become, as it were, a standard of value in reference to thecurrency. In the war of 1812 the government paid for its supplies with funds obtained from the banks, in the same manner as proposed in the pian recently sub- mitted to the Secretary by those commitiees. The bonds of the United States were then negotiated in rome in stances at twenty per cent less than their par value, and paid for in bank currency of different degroes of depr: ciation, according to locality, but averaging from twenty to twenty-five per cent discount, as compared with coin. ‘To render the government financially more independent, it is necessary to make the United States notes a legal tend It is possible that they would become a practical tender like bank notes, without providing for them to be a legal tender. If this were @ foreign war there would be no doubt of it; but in this present emergency, when those who are openly or secretly disloyal to the govern- ment are found every where to suggest obstacles that may embarrass the government, nothing should be omitted hat will add to their efficiency. 1 am, therefore, in fava? of making the notes a legal tender, believing the Secretary of the Treasury, who alone has the power to issue them, can and will use the power with his well known discretion, and that it will assigt him in his endea- vor to keep the notes at par with coin, We Shall probably be told that England in her great struggle, while specie payments were suspended, never made paper money a Jegal tender. But in this respect her example should serve us as a warning rather than a guide, becaus instead of it, she did what was much worse by suspend the laws to enforce the payment of debts in cases where the papor money had been refused as a tendor. Various objections of a theoretic nature have been made to the issue of United States notes, a8 proposed by this bill. ‘Their main features may be summed up in afew words, It is suid that when a government once assumes the power (0 issue a currency, the temptation to continue issuing itr ther than to resort to the more unpopular method of ta: ation is so great that it wifl not cease to issue it until it finds jteeif in @ state of utter bankruptey. The answer to this objection is that the power of the government is limited by the law in this respect to $150,000, and consequently the government cannot, if it would, yield to any such temptation. It ie said that the country already bas # supply of paper cur- rency equal to the demand; that if this amount is, therefore, thrust upon it at the present time, the cur- eciate, and prices will be unduly in- ‘The answer to this objection is manifold in ite nature, In the first place, the objection supposes that the total amount anthorized to be issued by tho Treasury will “jminediately be thrown upon the market, which is far from probable. On the contrary, it te highly probable that the total amount will never be is ‘Tho Secretary issues it in making payments from time to time, and in (he wenal course of trade jt will come back to the Treasury, either in payment of taxes and other government dues, or in pur- chaving the government loans; when it can be reisened as the government may require it, #0 that the amount per- manently remaining in the market as a currency will by no means be so large ae the objectorssuppere. In the Sveond place, as haa already been shown, while this our- te an he converted ingsneh a manner as to yield six per cont interest on ite par value, it can nevor greatly de- te, beenuge the moment the capitalist holding it coos ony evidence of its depreciation, we will convert it nto the bonds bearing interest, giving him a permaneny Thor it eeonres itwelf againet over-cireulation, ho third place, the objection euppages that the supply i pay PH crenlation ie and will eoutinue te i 6 the demand, and henee the danger of the di f an inflation. Do thowe wie the heavy taeation wi th demand fe8 ¢ rrenoy NEW YORK HERALD, TUESDAY, FEBRUARY 4, 1862. which will call for an unusual supply? Haw do they expect to pay the very moderate tax (in their ostuma tion) which wo propore when the banks have sus. pended specie payments, and the gold i hoarded Dy & few speculators in anticipation of future aug- mentation im ite value or price? Will they expecy the government to receive the tax of $16,060,000 in specie? If nos, can thoy wish the goverbment to take the heteg of any and every bavking asveciation in the country: or that the government shal! discriminate be- | (ween the different private bawks, and arbitrary re ect ene bank bill af bad and xecept another a¢ good, If not, aud the people at large will be unable io pay the tax in COlR. aud the government cannot accept in the bills of private loca) corporations, then the issue provided for in th's bill will not be only useful to the government as re hoving ii® temporary necessities, but will be essen(ial to the people as a means of supplying them with the enrren. ey necessary to pay their taxes. The plan which I have thus sketched in its several branches flis the lines of the policy submitted Wy the Secretary of the Treasury in his very able report. Mr. Speaker, the loyal Slates stand in @ more independent position to-day than they have ever before cecupied. The reporis of the ‘Trea sury ehow that they have been small purchirers while the record of the exports tell us that they have sold largely. then, are the abi dant resources of this country? Iupswer, sir. that they are in our banks, and our warehouser, and our grana- ries, Commerce and its attendant trade are paralyzed; the timid and disloyal are sending thelr wealth abroad for security, while the government is offering the only safe and eure oppor! ies for investments within their Teach, Some of the very men who owe their freedom, their standing, their wealth to the development of the principles in defence of which this war is now waged, seem to be hesitating and wavering whether to come to the support of these principles, or abaudon them to their threatened destruction, For, sir, disgaise it under whatever name you please, thie is a war,on the part of tbe South, ia- spired by Elavery against the free labor of tho North ; and hence the sympathy it receives from those who favor aristocratic institutions, The prosperity of the North, like that of Engiand end France, is mainly to be attributed to the skill that it has developed in manufactares, the enterprise that it has dis investment played jn commerce, and the constant of its accumulated wealth in industri: porsuile of every kind; while the South, from policy, has preferred that ite labor should be unskilled and ignorant, suited only to the employments of a peculiar agriculture, keeping itself dependent upon foreign trade for many of the conveniences and Inxuries which it hag not the ingenuity to produce, It is important in this great etruggle to show the superiority of the prin. ciples of freedom, of education, of the elevation of mankind, upon which society at the North is based, over those of slavery, which doom men to hopeless ignorance in order to insure abject obedience. To this our resources of every kind are abundant, both in men and means; and it is only nec ry to draw them out in order to be successful. To fail would not be because the nation was so poorly endowed as to be without the means of success, but because it refured to make use of thein. Sucb a result, if it were possible, would not weaken the truth of the great principles of liberty and equality for which we are contending, but would simply demonstrate that we of this generation were faithlers in guarding those principles, faithless to ourselves, faithiess to our country, faithless to good government throughout the world—and, since 6: infidelity is a viclation of unques- tionable duty, faithless to God. ‘The committee rose and the House adjourned. Bills Passed by Congre The following bills passed by Congress have become law by the signature of the President:— SENATE BIL. No. 82. A bill to further promote the efficiency of the avy. ‘No. 83. A bill relating to courts martial in the army. No. 84. A bill to provide for allotment certificates among the volunteer soldiers. No. 09. A bill FSi for the protectjon of overland emigranis to Califortia, Oregon and Washington Terri- tory. No. 107. A bill authorizing an increase jn the clerical force of the War and Navy departmente, No. 164. A bill authorizing the Secretary of V ur to ap- point one or more Assistant Socretaries. No. 169. A bill authorizing the President in certain cases to take posyeasion of railroads and telegraphic lines and for other purposes. Hover HILLS. No, 149. A bill making appropriations for the payment of invalid and other pensioners of the United States. The apprepriat fons specified amount to $1,450,600. fo. 155. A bill making au ‘appropriation cf one million dolars for gunboats on Weatern rivers. ‘No. 108. An act extending the provisions of the act authorizing soldiers to send letters through the mails of the United States without prepayment. No. 219. An act amending the provision of the second section of the act enforcing the attendance of witnesses before committecs of either House of Congress. ‘No, 238. An act to pay the expenses of the special com. mittee of the House of Representatives appointed July, 1861, to ascertain and report in reference to the contracis with any department of the government for provisions, suppiies, transportation, &c. 0. 247. An act for the relief of Wm. G. Strong. JOINT RESOLUTIONS —SENATE No. 34. Authorizing certain officers of the navy to ac- cept presents offered by the Japanese government. No. 35. For the payment of the expenses of the joint committee of Congross appointed to inquire into the con- duct of the war. SHIPPING NEWS. Port of New York, February 3, 1862. CLEARED. pitipacen Bonivger (Prus), Hashagen, Philadelphia—C suling. Hark Neptune (Br), Cook, Cork and a market—Edmieton roe. Bark Diadem, Winchester, Queenstown—Jackson & Neill, Bark Mustang, Pennington, Bordeanx—W Salem & Co. Bark Alice Tainter, Hutton, Matauzas—J G Oe Brig Tgehorg (liam), Handewadt, Rio Janeiro—Funch, Meincke & Wendt. rig Annie Gildert (Br), Cochran, Bermuda—D R Dewolf. rig Abeline Dexter (Br), Dexter, St John, NB—HJ & CA if. Madeira (Br), Morton, Pi &Cb Brig Mecos'a, Haynes, Elizabethport—Thom perigTaree Bisters, Peckbein, Elizabethport—! unter, Sehr Dasbaway (Br), Cumminger, Jacmel—R Thackeray. Behr © rnaworth, Rien, Bermuida—Smith, Jones & Co, Hanks, Lalife tt, Snow Hi , Deal nel on, Deal's Island—Masier. Edwards, Phiialephia—J W dicKeo. Se Satom—R W Ropes & Co. Schr Undine, Baker, Bostou—Baker & Dayton, Schr Gazelle, Simmons, Bristol—Master. Schr TC Seymour, Bianuard, New Haven, ARRIVED. Stella (Br), Farmer, Havre, Jan 9, via South h, with mdse and 9 passengers, to Howland & Aw Havre, Dee 20, in bal- iogey Rotterdam, 42 days, in bal. nhs § « RE of the High bout. » Neweantle, 76 days, with indse, to Barclay & Li Bark Coriolan (Brem), mdse and passengers. to K ‘Bark Vetta (Nor), Torgusen, Auitw to order. (See Miscet! Bark Julia (Its), Bjorkinan, Malaga, Os lays, with fruit 19 W_F Schmoidt & Co, Bork Emily, Ricketson, Palermo, 5v day with frait &e, to Lawrence, Giles & Co, Por the last 18 days had heavy NE and NW gales; sustained trifing damage, Brig Seotiand (of Hartford), Francis, Ponce, Jan 18, with sugar, (oF T Smith, of Hartford, where she is bound. Jan WO, Jat 5 n 70 40, spoke brig Mazatlan, hence, bound 8, Brig € © (of Westport), McCarty,’ Matauzas, Jan 21, pulth sugar £e, to Thompson & Hunter: ‘dan 26, lat 8388, lon g i, Tremen, 59 days, with hod & Kihne, », 42 days, in ballast, ened sienmehip Baltimore, of Baltimore, steerin Wi 24th, Int 3524, lon 7415, passed a large wer steam steering SSW. ig A Horta, Orcutt, Elizabothport for Aspinwall rig Chax Heath, Crocker, Bangor, 10 days, with lumber, to Simpson & Clapp. Selir Salvador (Port, 3 masts), Pure with fruit, to 5 mith. Bx: weather, Sehr Edward Lameyer (of Newburyport), Bayley, Maya. wer, Jan, 18, with sugar &e, to 8 W Lewis & Co. Jan 27, lat §6'20; lou 72 14, passed brig Prestisaiino, of Baltimore, sterr- ing iE ‘ chr BR Nickerson, Nickerson, Foriwne Bay, NF, with fish, to master, Sehr Franklin, Small, Cow Bay, CB, 14 days, with coal, to J Boynton & Son, Schr Harvest Queen (Br), Grimes, Cornwallis, 21 days, with potatoes, to P I Nevins & Son. Schr John, Machine, 12 dave. Steamer Kennebec, Garton, P Tarragon, 68 days, need very heavy Ship Lord Brougham, from Hamburg. Brig Nepton, from Bremen. Brig Fortuna—By pilot boal Waterby Brix King Brothers, trom Port au boat GW Blunt i Bark Harvey, from Antwerp, 40 days. SAILED. Steamship Atlantic, Port Re 2a. ship, Patapsco, La and «Liverpool Hong Kong; Golden Fra, Loudon; WB Dew " Re Emily & (Br), Havana; RA Allen, Portland; ely (Duteh). Curneoa: Ceyton (Bry, Hamacoa; H Cros, Havana; selirs HB Squires, Arroyo. with anow in PM, 4h; Ocean bir Wind during the day N Miscellancou nh CORASSOW=Capt Torgien, of Norwegian bark Mm AD Wer, fepe ban ds, lat & n 67 1%, with bs: fr Culacon, Capt Dav A v Mavi: W siuking condition. Took ain and crew, ‘ n bebe te Capt David + “ New ¥ r Ma he flour or [ a fne cooker the Behe (8 Weak, comme found the leak was gaining, and coneluded to sbandon bem, Jan's at noon dhe Norwegian bark, Venta, Capt Terqusee, fay ons. burihen, b years old, bull te Adveais, NE, owned tons. burthen, 8 ye . NB, by, W Desidawo ‘and others of Windsor, ‘a ut $1500. up Kixarinnen, Tay, from Ship Island for Boston, went hove on Peaked Hill Bara at tet tasty iw thick smow storm, She was boarded at low water same night by E ete Agent, WHO" lned every flat Lo get © Bd ft began blow SSinith, Under: Bx Bank Mawy Lem, at Shaughae, took fre white loadh for New York, and was geuttled. Sie bad about 309 tons t ou beard. About 10) pkgs were got out of the hold, compleie: ly saturated, At high Gde only a portion of the rail*was ta he sen, butat low tide the decks were dry, She was again Ltioat Nov 13, discharging the damaged ca°go, Bx Bark Dvcwess, hence for Cork with 19,022 bue wheat be ove reported abandoned, was built at Sunderland in (from North Shields, 310 tous, and rated Al}, ‘ox State, from Havana for New York, before ree It, had a cargo of #0) boxes sugar 8! roek about 8 miles BSE of Double Hear ing (y about S hours, A \snge fore and a(t ser went ashore Jan 29 off Faimouthy . on Broad Shoal, Vineyard Sound, Howes’ Houx, Jan 30—Brig Morning Light (of Bath, Me), Blair, from Havana with sugar, put in here yesterday wid Joss of fovesail, main topgallunt staysail, fiying 19, foreua sprong, oud leaking about 100 strokes per hour,” Will pro- ovomast and foresail and proceed. ma Avoella, Hardly rom Phtiadelphi f and f Boston, is aise in port, Reports baving touched on I’ Ho» medien Shoal, but got off after discharging part of cargo. She will proceed. Breavpa, Jan 18—The following vessels are now at Bers muda In disiress:—American—Ship Devonshire, waiting « Jers. Bark Elizabeth Leavitt hay completed repairs, sold = partof hex corn, and reshipped. the balance, 1255, Dass, by Sehr Hound, tor Dublin, Brig Win H Parks, 4 phia for Bath, Me, is repairing, and will getaway in Sor id days. Schr Castor, from New York for Africa, will pet away next week. British—Bark Mohawk, from New York, is 1d. ly),and will getaway in 10days, Bark Ree dy Nex York for Fnglaus with wheat, is discharge. ing, and will probably have to he hove outand ste pped. Bart Barzilia, from New York for Ireland wich cor ing exrgo, which fs very much heated; much arent, tie bark having had trom 3 tod feet of ware hold, ‘Brig Kate, for New York with coal, jeakins badly, ie discharging and Will repair, Brig Au an la Kuss: is reps ing. Danish bark Triton has repairs complete, Nov brig Gydo, tor New York in baliast, struck on the reef on ther North sice of these istands, was ,ot of aud bre nt into tit ports is vepairing, and will get away in afew days. Brig hady Chapman, trom Jacme. for New York with cottee and? logwood, is at Hamilton di: charging for repairs; is leaky, tn want of sails, de. r Lone Sar is repairing. (By leter to isliwood Walter, Esq, Secretary of ‘the Board of Under. writers, Gatway, Jan 15—The John (Norw brig), from New York with grain, bas put into Bullinakill Bay in distress, with tos of stern chains, sails, d Poursuount, Jan 17—Put in. the Kalos, Vaughan, fm New York fer Abiwerp, with steering gear out of order aud. Langer Canco—Shi Philadelphia Ist inst sists of 4567 bbls flour, 9842 dis! corn in bulk, 2002 do grain in bass, John Sidney, for Belfaat, Lretan tow of City Ice Boat, Her carzo'con- wheat in bulk, 63.) 10 7 haga cloverner, 29° boxes bacon, 200 cks lard, 114 do tullow, 3 boxes iva and 1S bbis apples. Copt Thompson and crew, late of bark Mongol, ef Boson: which was totally lost near the Amoor River, have Shaughac, Schr Arnadillo, built in 18%2, 104 tons, bas been purtharet by parties in Portland for $120), Whaiemen. Capi Lincoln, of bark E Dunbar, NB, reports her ai Mit oyt- ov 13, ready to sail next day on @eruine, aud Lome va ‘or Mey, Also reports ship Plover, Perk! cruise same day. Spoken, &c. Brig Blackfish, Fairenild, hence for Malaga, Jan 17, Jon 63 39, Brig Trenton, from Snrinam for Boston, with 108s of top~ masts, making for St Thomas, Jun 10, bet 23 42, lou 5) 30. Brig RR Haskins, from Bosion for Port au Prince, Jan 15, Jat 29 55, lun 66 39. Bug © H Kennedy, Winslow, from matanzas fer Boston, Jan 19, lat 23, 1 oe Fanny Fern, from Cardenas for Boston, was seen Jan 28, lat 31, ost 79. vou nl Foreign Ports. Axtwerp, Jan 16—Jn port ships Jtuhard Robineo for NYork soon; Sheridan, Russil, .er do Jan Ii; A Hoyer, for do’ first week in Feb John Ablers Scliwelchel, for do Inst of Janus k Colum’ G les, fordo soon, Olden arrive, ix up for NYork, to. sa Axor, Nov Sid Bi sbip ork. Avx Cars, Jan d—In port brig J West, Hardison, for Bos- ton; schr Brontes, Morton, from Boston, disg. Batavia, Nov 28—In port barks Agnes, King, for Mel- bourne at £3, or if to Sycncy, NSW, 48 5, to finish Idg at Cheribon; Rosette, Pierce, ivom Mabila for Sydney, reps, Coxsraxtixorta, Dee 318i WB Beebe, Crawiord, Fale ‘ra, Dec 9—In ships Sarah: Newman, Cob, for Bos Fieetwing, for do, eld; (Bir for ah ‘Thomas for orders for @ port in America at £419. pet toa of Si cubic fect, has full cargo of sunny cloth engaged; Cowper, Stevens; Mameluke, Porler and J N Cushing, Swap, for koms don, Idg} Granite, State, Jacobs, for do or i port in 'Americay ldg:’ Kenmore, Grayes, for Madras, do; Peeriess, King, for Mauhnain, ready, to loadfor Liverpool ut £317 6, or Landow at £4 26; Mogvh Spooner, ‘for Hombay ; bar.» Paimog Spring, for NYork, has 100 ‘tons sultpetre 'engaset al $14; Liliie, Knowles, for do, fills up at $14 for raltpetre and hirus,, $13 {or shellac, $15 for Indigo, and $12 for ji mhent; Margaret Jane, Russel, une, Ship In expected from Kurrachee, before reporved cha don at £3 10, had been recharteved for same Chas Hil, ‘Small, from Colombo, and Smith, froin B veGtenresous, Jas iin port barks M BS Jord: CIENFU! jan In pol irks iteison, Jo from Havana are lth; Lysander, Glover, fr, Boston 800 14 Cienfuegos, Cole, from Aspiuwal, wig; Brothers, Mariner, for NYork, digg: brigs Chatham, ‘Simpson, for Boston few days; Naiad, Richardgon, for Nely York ldg; Look Lomondy Shute, 1rom’ Boston; Nantasket, Danbar, trom St Thomas, Wig cirgo; Reludeer, wig; Ban Anton‘o, Snow, do, ;RRALTAR, Jan 16—No Am vessel in port, Wind W. jo AgMEt, J an 8—Iu por’ schr Kate Bargent, Brown, for Bos jon 10 days. JvRewix, Jan ll—In port brig Starlight, Cook, from Max chins arr Sth; sehr Oceen Bird, Powers, for Bost: Liverroot, Jan W—Adv, Nova Scotian (8), f Md; Edinoury (+), for NYork 22d; Am Union, Huyhard, for do 24th ; Col Adan’ a, Mills, for do with despatch: Judab Ton. - yo. Hongeom, for Philadelphia 21st; Tus.arora, Deni v9, fF ry ‘Lospon, Jan 16—Arr Champion, Munday, Bost on, MarmoukNe, Nov 10—In port ship Starlight, How Puget Sound, to procecd To Adelaiue (o discharge cargo. rsstxa, Jan 11—In port barks Modena, Ryder, fur Bos- ton; Daniel, Staples, and Laroy, Coleman, supposed for dog = Amy, Hammond, for Philadelphia; Fanny Hamilion, Pian mer, and Duutel Webster, Rrder, unc; vrigs Ellen Bimard, Howes, supposed for NYork; Eaglet, Terry, une; schr 8 OC ” Evans, Hyminond, do. 814th. barks Howlaud, Fulton, Boston’; Winonah, Gallison, Philadelphia; 1th, Yo ing Turk, Harding, Boston; 11th, brig Audrew Peters, Walls, Philadel: PMansertixs, July 17—Tn part schr R B Howlett, Sumner, chariered for Boston or NYork. Mowrxco Bay, Ja, no date—In port schr EG Knight, from NYork, disgd, for Trinidad Feb 3 to load for NYork. Maricurs, Jan 18 (not 19)—In port brigs Newvitah Wrig for New York, wtg cargo; Echo, for do, ding; selirs Alice Nowe, for Balilinove idg, $ daye; Miranda, Ward, wig cargos ketch ‘Commerce, Barnes, for Philadelphia ldg. STi Tabs schr Josephine B'Smail, Pones to ioad ior NYorx. q Matanzas, Jan 2—Ini port brig Tornado, for Xew York 2 avs, ‘Neweastix, B, Jan 1—In port brig New Era (of Provi- dence), Walker, from Girgenti, arr 10th, with loss of chsin je Downs. Mai been chartered to load for mt at £3, Shipe fanny Metenry, bay, ot expeeted, had keen eiartered from rdeaas, Nacasant, Nov ll—In port bark © E Tilton, Briand, for fous Kong. LERMO, Jan 9—In port barks El'a, Howes, from Mi seilles; Josie Nicholas, Nicholas: New Light, Reynol’s Lampiighter, Paine; Florence, Toye; Warren Hallett, Hat lett, and E Foster, Foster, un 4 «t King, Perry, do; sone Went Dennis, Rogers, do. Sid 234, bark W ietland, Pea cock, NYok; 22d. sehr Pas: port, Horton, do; 26.h, bark Auna, Davis, do: brig MP Rich, Dix, Boston, PERNAMACO, Deo 26—In port brig Margaret, Ring, fron NYork, tor River Pinte 6 days, Ponce, Jan 13—Tn por, bark day hr D Wililains, for do 12, Idg. orrERDaM, Jan l4—In port’ bark Jupiter (Dan). Rick- mers, for NYork; schrs Sirene (Dutch), Schroot, for Boston; SR Allen, Baker, for NYork Rio Jaseino, Dee 2—In port brig Lavaca, Parker, from: Montevideo for Queenscown, pat in leaky 2iat, Reveptos, about Jan 16—In port barks Weikin, Blanchard and Edwin, Nugent, to load ior Eu for Boston’ dg: brigs D» Mary Alvina, Coombs; Condor, ural; Peters, bert, for NYork do; thr MS wail, 1 (Capt Lomroy having returned home), for Boston nearly loaded. Svrnsa, Jan 7—In port barks Stamboul, Sainpson, for Bos'on; Sherwood, Hanson, unc; echr Stephen Duncan, for Boston. St HxLexa, Dec2l—In port ship Longfellow, Moody, frome Cateu'ta, for London sane day. Passed by Dec 30, ship Hussar, Howland, from Batavia Oct. 2 for Holland. ‘Teinrsix, Nov 12—In port barks Fruiter, Webster, from Shanghae, arr Ist; Dom Pedro 11, Lewls, from do, arr 14th; brig Nankin, Peterson, from do, arr Oct 29. American Port BOSTON, Feb 1, via Sandy Hook. "Cid rehrs Chart Monroe: A Hammond, Higginty Ba ir shina Crystal Paiace, eu ‘locral, Burwell; Vision, ‘Crowell . N¥ork; baks Mary Sawyer, Burviett, So ik ir), Allen, Port an Prince; Bi brigs Aurate, Davis, Malas atively, ‘Govens, Mirage: ohn Benton, for New York 8 o, Small, Remedios; E: Smith, Care dir), Marwiek, do; sehra Anna Hinks, Al- " ‘Sarah Burton, Clara, Crowell, dacinel; Bast Wind, Bust, Soret! Ginn, Matanzas; E Nickerson, Crowell, Piiladelphia; Shooting Siar’; Cogzins; nid Nile, Hoothby, Bucabethport; GI City; W Parker: Bay Sinte, Hallett Garield, Susan, Bears, NYork. Std shiy ; barks James Antrow, Katharine; brig Hallie ks WA Banks, London; © B Mamit- lave: villian, Cape Haytien, ins ashore at Provincetown sid sloop Wm H Bowen, Sportan Jackso) r ship Kingfisher BRISTOL, Jan NYork. )HASTPORT, Jan 26—Cid brig dos, PALL RIVER, Fob 1—Avr sche Win B Bird, Avery, Eliza pthertom, nge Downer, Paino, B Montevideo and B NEWBURYPOR dos, NEWPORT, Jan Sl—Arr echre New York jor’ Fall River; Banpire. sloop WH Bowen, Brotherton, Prov r ‘Arr sebra FC Simona, Nw oT Pon ct Deal's Lol Ki C A Rte for NYork; Heor Bld the a a, on Ayreon, Yan Sid she Angelia, Lee, Bart a LADE: Are steamers Saxon, Mat eee, ost Gonly New Forks bai Maty pre TR Gilfillan, Smith, spson, H ego Bay; dno RV v. Townsend; D Townson |, Town Chey, Hendersat W Hynson, Seth, and Only Dargie ter, burg, Key Weet: Fred Read, MeVaimon, and Boer Sawyer, Pesey, Pordand, Cit bark Hambiton, darnian, Hae vane; seit RW Dillon, Marta, Ki eur for or. i, Keb d--Thie ahd eat dor Fannie, irom Havana, with brig and severab schr®, are at tac Breakwater, PORTLAND, Jan 3t—Avr sehr Piying Fish, Bevar, Yeo ico River, © S) Marina; sche PA hy, Willa rabee, briga PL i}, Williams, New Spring, Lt) soo