The New York Herald Newspaper, January 13, 1863, Page 8

pe ee ktly ome WB B- to their investigations ai én early day, PROGEEDINGS OF CONGRESS, | ut.imZ.Sct aur orhsyyniss peut cay Soham be ‘4 ublawis au ons. Vemal p ~ oly Taae i Sr a6 iresobition be. ; i and ten a 90 wit would have to go tv the House + ymsnnt (2 to hs Presudcuh th Order tat, he ims ee that . . a he State jute rel which is under bi pr ou . . Jinportant Speech 0 T. Sp waa de my eagle Boag, Sy angie Mr. Shaves (. FESRSDES, (reD.)0f Me , moved to lay on the National Finances. Military Successes tho Only Hope, go, ’ P's the Republic. <* a a 4 ra Ausry Debase im the Senate on Avbitrary Arrests eae eee Proposed Organization of an _ Army of Black Soldiers. Compemated Emancipation in Maryland and West Virglala. BOUNTY LANDS FOR ENASTRD SOLDIERS, he, Roy dee pe THIRTY-SEVENTH CONGRESS. REOOND SERETON, Wasinaton, Jan, 12,1863. TAWOOLONIAATION 2OCIBTY AND SMANGIPAZION, Mr, Wacury, (non) of Ya prescnted a petition from the fecretary of the Coiowizatiea Sociaty of New York on the subject of emascipanon, SHE MAMKRUPT Act, Meosra, Bamnatan, {rep.) of Obio, Cowan, (rep.) of Pa., and Rice, (opp.) of ime... presented a large num. er of petitions in favor of a bankrupt act, RMARCIPATION BUREAU. Wr. Witsow, (rep. of Mase., prosented a memorial Trom the Bmametpation Leaguo of Boston for the organiza- sion of & Dareau of emancipation, AVOUAN MENT OV RLAVERY IN WHSTRRN VIRGINIA, dy, Witcey lnurddaced a dill to aid Westera Virginia the more Speedy and final abolishment of slavery ja wah Suaabe. Koferrod tg the Judiviry Committee. Tum TABATY WITH GREAT HRITAIN. Mv Monsunt, (rep.) of Mo., offered @ resolution request- wy the Comuastitwe on Foreign Relations vo inquire what further legisiagion is necessary to earry out the treaty with Great Britain o¢ August 9, 1842, ‘THI OONKISCATION ACT, HaRLaN, (rep.) of iowa, offered a resolation re- ng the President to inform the Senate what mea- ® Lave been adopted to enforce tne provisions of the ( to sappress the insurrection aud confiscate the pro perty of rebels, and if any additional legislation is neves- ‘uy for the enforcement of said act. adopted. Mv. CLARK, (rep ) of N, H., offered a resolution request- ing the Committeeon the Conduct of the War to inquire ‘sad report what are the objections and the causes of the delay in theexecution of the act to contiscate the proper- ty of rebels, especially in the District of Columbia, and ther any logisiation is necessary to vecure the more mpt execution of the act, Adopted. ANSENTEES FROM THK ARMY. Mr. Wita0n, of Mas@., gave notice of a bill to consoli- siato the regiments in the field; also to faciitate the re tuem of absent soldiers to the ariny. SEL OF UNITED BIATRS RONDS AND NOTES. Mr. FRsuerpen (rep.) of Me., called up the bill to provide tor a further issue of bonds and United States notes. [The bil is already published. } A letter from the Secretary of the Treasury was read tm favor of this measure, and explaining thai the resoln- #icn from the House would not meet the wants of the government, Vhe bill was thon passed, é PAYMENT OF sare goxpigne. ‘Bho joint resdlution "0 House for the prompt _- payment of the soldiers was then part 5 Mr. Fexsmwpen explained that the bill just passed made swple provision ior them, um Me as . % Mr, TREMBULL, 4 oved to ta. up the bifl for the reorganizati the Court of Olaims, Mr. Haus, (aép.) of No H., hoped not, He was opposed toany legisiation not tooking to the salvation of te ceun- wy He no heart for spything ¢lse. Ho thotight it timo for the Senate to lok 8¢ thestate of the country and, \f they would appreciate it, they would occupy their time with eomethiwy elge rater than the Court of laine. Mr. TRumBviL paid he sympathized perfect! - with the Senator from New Hampshire. Kut perhaps he had more Taith, He believed the country was to be saved, and chose to legislate on the basis that we were to have a country. If “this bill was in the way of any measure to eid our armics in the field, he woul it press it. Mr, Hane said this court, was simply as a re- treat for lame duck politicians, But hitherto they had ealy been taken {rom one side, This Dill proposes an en- targement so ne to take lame ducks from the other side. ‘The bill was taken up and considered until the expira- ton of the morning hour, APRXCH C¥ MR. WILKINSON ON ARBITRARY ARRESTS. Ou motion of Mr. WixiN80, (rep.) of Minn., the Dil! for the disebarge of State prisuners was taken up, and he proceeded to address the Senate. He said he pro- po@ed to notice the remarks of some men who scemed not & be very auxious to maintain the government. It seem- ed to him that the speech of the Senator from Delaware Mr. Raulabury) was made for the sele purpose sf aiding thoee men who were determined to gain on of the government, or elae to destroy it. It would-ecem there Se < see wipe i at In- dianapolis, St. Louis, Springfeld, Y., Albany and New York, Cobsidering the time and’ the ‘circumstances, be consklered the'speech of the Senator from Delaware to be the most outrageous ever uttered in the Senate of the United States, or any other deliberative body. When the #enator from Delaware just came to the Senate he acted with the majority, with Davis, Toombs and Wigtull. Every department of thie government was under their control, and that Senator seemed to be happy in surren- dering bimself to their control, and he believed the records of the Senate would show his unflinching devotion we Davis & Co, The attack of the Senator apon the President was as wanton and unjust as it was unpatriotic. No right minded mau would haye made such @ speech, and Lo trne patriot would bave uttered it. It is the judg- ment of the country that the President is a pure and high minded tap, aud the Senator from Delaware kaows It, and yet he eeeks to destrey bis influence, net from ang iu will to the President, but from ill will to the cause @f freedom in the country. ‘The Senator in the progress of ‘is attack grows cold “and becomes utterly regardlese of | (ruth in a statement he makes. He states that the Presi- dent after his inauguratheo manifested no further interest in the = cuuutry exces = to procure offices for his greedy followers, and te try and nake the seceders strike the first blow. Wasever a more monstrous falsehood utvered? When that Senator expressed himeel thus he uttered and sent to the country what was untroe, and what, if be had taken a moment's reflection, he must have known was untrue. The rebela been preparing for war for ¢wo months befere the neu the Senator cones to the subject of savory » and he barges that the objeot of tho ar was to abolish slavery, «nd the proclamation of the | resident bas pledged the oantry to a war for the negro, He (Mr. Wilkinson) was por: cclly willing to see slavery gholisbed, and he believed, it the poloy of Gen. Batler iad been adopted, we should not have heard the Senator from Delaware talking about oar armies being defeated, Then the says, “Wo ought to a an armistice ” This he beiluved t be the main object of the speech, The late democratic vie toriog had p:ol He thought there was a pau originating with the democrats of tne North to break pthe government. The ver ats, when the rebellion broke out, gathered about the President elaiming to be in Javor of putting down the reboilion, and asked an equal re in the offices. The President was deceived by ese men, and placed them in high positions aud cust sway many of bis old and tried friends. No man can ever aveceed in this way, Thore are enemies in every depart. meat of the government, aud these taea* must bo removed. Who, of all the loyal poople of thg North, would have eTiaaster's Departient to such @ man as with lis antecedentey Who wondered t the pontoon were inte at Falmouth, or who wonld mitted General Thotaas t remained at the the ad vtant general's office? Thi # of the President must band together tc this, its bluckest hour, aud do th verament would tall, aad they Mr. Sacusnony, (opp.) o Doi. of the United States: abi it i vot my provir reply vo the ic uae SSM aNd RoUTTiiLy wf t Mr, Hats, (top.) of N. H.—Peall te Sewator to orde Mr’ Macrame 1 ing —— r en in » duty, or the with it, ‘he ehair)—The & at. Ho is out of te 4 Sueeway, (rep.) of bh was periectiy willing to _@8t the troops raised in Kentueky, We must have less fiispicicn and more trust of the mea why ofer to fght tor the sreambe and pesclutio som the tabie. Motul nv carried by ayes 68, ays dd EXT: Yo SLO VRE ROM TGR OWNERS, the go % | Mr, May thenoseroda resolution, which was objected Mr. Taw Even, (rep.) of N.J., said there were 50,009 to. serie f rib that Colone Swain and bas oflicers bad men whose time was nearly out, und there mht be &@ — oniices certan negrors (roreCMalags Seung, Maegan 8 necessity for men in other ples than Kentucky; © | viol tion of the conctit.tion aud laws of ‘yland and of Might have Gen. Lee inviting us to leave Washington. — | tuese United States, and requesting the President to cause The motto to postpme was r@ected, yeas 13, ways 24. | the saine to be mnvestigated, inorder that the said ab- ‘The bili was (hen pakeed, yeas 23, mays 13. ducted saves may, boTestored to their Owners, Se., and ORDNANCE BRPOT IN NEW YORK H/REOR. that the Cemmitiee on the Judiciary report what legiala- ‘On motion of Mr. Witaon, (rop.) of Mass., the bill to | tion te necessary in the premises, establish an araenal and ordnance depot in the tide waters EMANCIPATION OF 81.4VES IN MARYLAND. ot New York harbor was taken up. The bill appropri..ce On motion of Mr. Tuomas, (Union) of Md., the Saect $856,600. Committee on Fmwaucipation was instructed to inquire ‘On motion of Br. Grimms, (rep.) of Iowa, the bill was | into the expediency of making an appropriation to uid, postponed. Maryland in a system of omaucipaiion aad colonization of REIMBURSEMENT OF INDIAN WAR EXPENSES. that State. persons of color now in Mr. Rice, (opp.) of Min., called up the bill to reimburse TOUANGPATION IN WEST VIRGINA, tho State of Minnesota for expenses incurred in suppross- | On motion of Mr. Brow, (Union )of W. Va., the samo jug the late Indtan hostilities, committee was similarly instructed with reference t the After a discussion of some length it was-postponed, and | pill to uid the State of West Virginia in the emancipation the Senate adjourned, of Ber slaves. caremetetet On motion of Mr. ALuxy, the Committes on the Conduct House of Representatives, of the War was instructed to inquire as to what rules or Waauinaron, Jan. 12, 1963. restrictions on tade to portions of the country now in PAYMENT OF COMPANY AND REGROWTAL OFFICERS. “er military occupancy, whether any officers are engaged Mr. Werre, (rep.) of Ind, , offered a resolation inatruct- in trade or speculation, &o. TUB NATIONAL FINANCES. sng the Committee on Military Aifuira to inquire iuto the | je fouse then went into Committee of the Wholen expediency of providing by law for the payment of com- | the bill to provide ways aud means for the support of the Pany and regimental officers from the date of their com- | govermment. missions, Agreed to, Mr. Srevary offered big substitute for the bill of the ‘TUR DUTY Ow PATER. Committee of Ways and Means as heretofore published. Mr. CoLrax, (rep.) of Ind,, ollered the following: — SPENCH OF MR. BPAULDING. Revived, That tho Conmnitiee of Ways and Meas be-die | Mr. SravimNa, (rep.) of N. ¥...ald:—Mr. Chairman— aur ether aunsiaorathe vee Tutlug the rate of duty en imported paper from trirty-ive to | The immediate requirements of the Troasury are not lest fon per contum, and that the mme be considered in the | than $100,000,000. Before you ean pasa this bill through lonse now. a (Rus both houses, have it approved by the President, and get 3 , (rep.) of Vt., moved to-lay the resolution D s Sr pcre anapE ES * ss bonds and notes engraved, printed avd issued, at least ‘on the table. Agreed to. MPLOYMENT OP SLAVES. $50,000,000 more wHi be required. The pressing demands af: Noes fs he Treasury between this and the first of next ‘On motion of Mr. Dux, (rep.) of Ind., the Secretary | Upon t of the Treasury was tall be inform. the House, ao | Month, for the pay of soldiers end other creditors, may far ag it lies in his power, what amount has been expended be put dows IAB $REO,000 000, oes ne maiteah ath sines the rebellion in the employment and sustenance of | DAUKS in New York, Boston an: ielphia on elayes in the disloyal States, and to what extent euch ex. | this month probably did not exceed $50,000,000; to which pentes have been compensated by the servicess of such | you may add the gold and silver in ali other banks in aly elavee. the loyal States, az will appear in official reports to the Ast of January, 1363, and the whole gum will not exceed $87,000,000. All this coin is necessary for the banks to take care of their own liabilities; but even if the Secre- tary of the Treasury could, on the credit of the govern- o + | ment, by a sale of bonds at any sacrifice, or by the aid On motion of Mr. Kxxt0ca, (rep.) of II1., the Cammittee | of tho military pow sit’ every’ bank in the of Ways and Meang wore instructed to Jnquire into the ex- | country, and by force compel all this coin to bo pediency of reducing tho duty on imported rags of which | paid,into the Treasury, it would not pay filty cents on the paper is made. dollar of the demands due irom the government, and COMMERCE OF TLR LAwKS, which ought to be paid in the next tweut, It is, Ov motion of Mr. ARNOLD, (rep.) of Ill., it was resolved | therefore. perfectly plain that even the small sum of that the President communicate fall statistics of Use trade | $15,000,000, now due, cannot be paid in gold. It would and commerco of the great lakes, the Western rivers and | be a yreat gratification tome, and I doubt not to every the St. Lawrence. . other loyal citizen, it it were otherwise. It is no fault NAVY YARD IN THB WEST. of the Secretary or of Congress that gold cannot now be Mr. Nox, (opp.) of Mo., offered @ resolution that the | pard to the soldiers and other creditors. Jt is simply an Committve on Naval Affairs taquire into the expediency of | impossibility, by amy plan, to get enough fcr that pur- establishing & navy yard at ome suitable point between | pose. There never Wasa more pertinent application of tho mouth of tue Ohio and worth of St. Louis, and report | the old maxig: than when applied to our preseut vondi- by billor otherwise, Agree@ to, ” tion, when fe cannot do ag we would we must do as we RATIFIOATION OF THE PMQNCIPATION PROCLAMATION, can.” Mr. Wirson, (rep.) of lows, iutroduced the following joint x ‘e had a strong desire to provide money, upon a resolution, and moved that ft be referred to the Commit | spec is, for the Support of the army and navy dur- tee on the Judiciary: — ing the peniding. struggle to preserve the eee sident of the Unfted Btates, a . | and the national Union. 1 would much prefer to pay go! ident at the Tofed, Biston: ne) Ooms’ So silver to all Lom.crediors o€ tbe poveriment:y Dates }_issne his proclamation in the wo the first six mnths of the war I was iu hopes that our ex- (Here follows the emancipation procla- | pendttures might be kept within limits that.would admit of h a finaucial policy. I believe that this was the ear- nest wish of the Secretary of the Treasury and of every member of the Committee of Ways and Means. But with an army in the field of from seven hundred thousand to ‘one million of men, to be fed, clothed aad paid, and all the material of war provided to make them eificient for DEPARTMENT OY AGRICULTURE, On motion of Mr. LovEsoy, (rep.) of Iil., the Committee on Agriculture was inatructod to inquire into tho cxpe- diency of additionat legislation in relation to the depart- ment of agriculture. DUTY ON RAGE. * rin wary, A.D. i following, to wit mation), therefe Be it resolved, by tives of the Unlted the nate and House of opresenta- States of America, In Cong vied, that the said prochumation of the President, maniter-In-Chief of the Army and Navy, hereby ratified, approved and confirmed. Mr. Cox, (opp ) of Ohio, moved to lay the resolution on the table.” Not agroed to—50 against 85, as foliowa:— active duty, it was very #oon ascertained that the coin in Yuas.—Messrs, Biair, Oalvert, Corning, Cox, Cra | the country, amounting only to about $250,000,000, if vena, Cristield, Delano, Delaplain ir every dollar held by the banks aud the peovie could bave Holman Deon availed of, was far too small to meet these large ex- penditures. We could not shut ur eyes to the vastness of the volume of debt that was open before us. It was very soo 1 .ade spears that our national debt would, at .an early day, reseh $2,000 000,090—equal to half the debt of Great Britaing and that it would be utterly impossible ‘to make loans on a specie basig fast enough to meet such enormovs expenditures, j ‘At the last session, and after there bad been a gencrat Hall, bs 2 1, Tat liory, May, Maynard, M: em, Mitehe! a ie) Norwun, Nugéat, Odell, Pendieton, Perry, Shieh, Bruith, ‘Steele of N.Y. tesle Of Neds andigham, Vibbard, Voorhies, White of Ohio, Woodrithana Yeatmun, MPH, Allen Arnold, Ashitey, Rabbit, Rakes, Baxter, Beaman, Hingiiam, alr of Pi 0, Bute Angiod, Burnham, Campbell, Ciiarmberial a ¥. A. Coukiing, Roscoe. Biling, Cptler ” Davis, » Fenton, 8. 6, Duell, Edgerton, Bdwards, Eliot, n, 8. C, Fersen- ‘by the bank: ii the go- apne iD, Fensenden, Fisker: hot Prank, Cesck, | suspension of specie payments by the banks an £0. (atdeein: Gung Hicktuan, Hooper: Huehing Reine et | vernment, Congress nutborizel the ieaue of $150,000,000 locg of Mich., Killinger, Lansing, comin, Lovejoy, Law, | of legal tender notes; and by ‘another law, passed a fow McPhersom, Marston, Moorhead, Morr of Me., Morzill of | months later in the session, An additional issue of $150,- Vi Noell Olin, Patton, Phelps, Plie Fomeruy, Fortr, Pt | 900,000 was also authorized: but tho Secrotary was ré- * Atice Ot 3 ; e ingot N, 4 eunt, Sedgwick, Shanks, pShellabai ‘Sherman, tloan, | quired to hold in reserve $50,000,000 to meet any calis tat might be made for temporary deposits in the Sub- Treasury. We all hoped that thig would be all the legal tender notes that would be necessary. Congress also au- thorized the Secretary to borrow $600 ,000,000, payable in twenty years, and redeemable at the ploasure of the go- vernment after five years, bearing interest at the rate of six per cent per annum, payable half-yearly in coin, and gave bim authority to sell a, at apy og “at = struged to inquire mio the expediency and necessity of | market price’ to raise money to carry on war: granting bounty lands of eae hunired and aiiy acroa (To Juck | further Authorized tho Hole of uny ieyat vender Hotes who solaier now servi may hereafter enlist, in any old | convert them at aay time, at par, into those six per cont regiment, the said lend to be located on any confiscated rebel | bon % er, f uiding, Sevens, Train, Trimble, Trowbridge, Van He Van Vaikenburghs Walket, Wallace, Washoarhe Wheeler, White of Ind, Wilson, Windom, Worcester. The resolution was referred to the Committee on Ju- diciary. ROUNTY LANDS POR ENLISTED SOLDITRA. Mr, ALpRudH, (rep.) of Minn., offered the following:— Resolved, That the Commntee on Military Affairs be in- lantetions, as avon asthe rebellion ts crushed, and repurt tary bas paid out nearly $250,000,000 legal by bitter there. 50 tender notea, boing all that be was authorized to leet DISPUTED LANDS OF THR PUGEY'S SOCMD WORICULTURAL and notwithstanding he has bad authority for the last teu months to sell $600,000,000 of five-twenty six per cent onde, at the market price, he has only disposed of about 5,000,000, and hasjatill authority to sell $475,000,000 at the market price, aud take bis pay for them in legal yoy notes. —— = COMPANY. On motion of Mr. Wattace, (Fep.) of Pa., the Committee on the Judiciary was mstructed to inquire what legisia- tion, if auy, i8 necessary to setile the disputed question rg be ofthe rights to lands of the Puget’s Sound Agricultural of the 8 why more of these bonds have not Company, sg ee ee ee Deen disposed of is that there has been no redundancy of "©" INSEROCHONS 10 GENERATA. 2 It for the Secretary to Var. Dawns, (rep.) of Mace., offered a rejaation faqueat ie te ener iho pe cee iar ivg the President, if not incompatible with thé fublic fn. | legal Tender notes Tm a gele of the bande Gd save te commanicate to the House what authority or ‘The War and Navy Departments have almost unlimited instructions bave ag) given to Goneral Dix in Mei an power to contract debts for the supply of the army and Goneral Shepley in Loulsiaua, and Governor Stanly in | Dover “ine volume of supplies and supply trains for your North Carolina, or auy of them, concerning the eloction of ‘are enormously large, and extending over such a representatives to this House in their States respectively. bony ‘extended fiéld of military operations as that in which our several army corps are engaged, no one can ir. Roscox Conauine, (rep.) of N. Pr _— that oe » aud | fail to seo that {t is neat to impossible to estimate accu- the inquiry include Governor Phelps, aoe Taes bea’ ao onpoet rately the amount to be appropriated for a yoar In ad vane: Bat it is painfully certain that, with the present arm, Fee. Mr. Dawns had’no objection further than that no clec- fee cao sas cues panes tee in the field, there is no way of limiting the amount of expenditures when thoy are actively operating to put Committee on Electious: RES vamnseen EMANCIPATION. . down go gigantic and desperate a rebellion. : Mr. Euior, (rep.) of Mass., asked leave to introduce a |, We kuow that tho liquidated and funded ptt tend ‘vill to establish a Barean of Emancipation. ,and that there is a — omy ol in ered Mr. Hoimax, (opp.) of Ind., raised the objection that | Wich pda age sagt eb a no notice had been given of intention to introduce che bill, | Sdequate means in t og Rot oe Ayah which objection the Speaker sustained. large amount duo to the soldiers tbat must be pai e MILITARY 4ND POSTAL ROUTE BETWEEN NEW York earliest moment possible. The seldiers now on the fleld Fesron, (rey ahi the perils and bafdahipe o€ wor, tany of whom hare On motion of Mr. Fxxtox, (rep.) of N.¥., it was re- the perils ai ships , nolved that a nelect commahise oreo be pesto re ma not received their pay for months, ougnt Led to be put off quire into the necessity and expediency of establishing a | {UY longer. They can hardly a to er iwilitary and postal read from the eity of New York to | *elr duties with alacrity, unises they are promptly pald the cy of Warhington, in order to facilitate the trans. | Specially when they know. as many < m™ Coy ned Portation of mails, arms, troops and munitions of war, | ‘heir famuities at home wre, sedeelng fot te eos tie 2 rRorni meavs . “Pe, Rowcow CON ‘ered & restate wenmets. | means for paying the army and navy shond not be de layed any i . If the Secreti cannot raise the money to Bor = creditora of the ‘qivecoment by a loan Mr. Roscor Coxkuixe offered a resolution, which wa: adopted, setting forth tat, as it has been ‘stated that on five-twenty six per cent bonds at the market price, uthority must be given him to raise the mouey certain property has been’ setzed in this District by the Military Governor as the pro,erty of the rebel John A. 4 and Congress ought to confer that authority upon him foon as possible. ipbeil, the present secretary of War of the so-cailed The time has arrived when our finances must Confederate government, and aa it isstated that the Mar- shal of thie Hisiriet ts abont to take aaid property on a ngage the earnest and united atteution of all loyal representatives. We were, in great peril last year; any be odes mate therefore resolved that the Secretary of Wat inform this Hocse whether the rebels inte Sout are able to retaii: nitornoys in the national eaptta!. a Saeed emia si seek cs theo. Th war gyn Soeult” toot Lory te (Bars ‘ORLEANS, I. Seno » offers the money to meet the large appropriations made Ale apse yy 0 eR lhe a resctution, | for the support of the army amd navy, Tt will which was adopted, instructing the Committee ou Naval be still more difficult to meet the enlarged requirements poet cdhg lnc Bl MO carer | pron) Mae of the current and the next fixcal year. The Army bill Freee Orleatan rerees Monroe and intermediate pointe | S1.5e sopropeiates over §781,000,000, which, naded 40 the 10 New Orieans, 000,000, . oT AYMRAE OF SOLOUG 19: Pamranten $0 Cersesae estimates of ail tho other expenditures for the fiscal year On motion of Mr. F. A. Conxtinc, (rep.) of Ne ¥ ending Jone 80, 1864, amount to the enormous sum of resolved as the sense of this House, that ne $1,095 431,183 56, to which must be added the amount still the governineut are so meritorious as tbe so rojuiced for, any ing June 80, of the Secretary of the Treasur, December to the sum of 1,131 69, making the whole aggregate required to meet appropriations during 1 sotting | the next eighteen months $1,646,634.315 15. ters will The fol owing statement will exbibit with some degree constitutions peculiarly jem for § n campaigns, le Fenoe 0 * theretore, be it enacted, that the President aathor, | the probable amount of Appropriations that will not be one hundred and fiity thovsand persons color, of Met ll ‘ African descent, to serve Ove years as artil! efentey estitaates the Nee < Pavousan bs pe tor all and cavaby, to ressive Sve cellars per mente, the nen- | Purpoee? Yo. carry oi the, goverimamt for one yeahs commissioned officers ten dollars, together wi namely, from July 1, 1862, to July 1, ai &e., one-balf to bo net aside for the use of their fi nymet ok cbuath eens ho RTT apa 62 incase of no familing, the money to be ret . wi ’ ntil the expiration of thelr te: “et service drawn of these appropriations on the 30th siomed officers to June, 1863, the sum of, ilar army. company officers may be aither white or K, and rorolling stauous may be established either he North or South ter@of the Union, and that no more money should be paid to ony civil officer of the government until every arrearage due to any regiment io the service has been fully pald, PMVLOYMENT OF 170.000 NRGRO SOLDIERS. Mr. Stevens, (rep.) of Pa., intecdniced at forth that am the terms Ue en) m sy com the same pay as thove in the 200,000,000 00 Leaving an agaregate of money required for -it may be in hire (ts what not fi to ssinging the reasons b gspreseing my honest sen. ccar © mo that it sheuld go tor turer who bad sought the wi puraue avy ox. the Char ts no infra arke feom | re, what 1 remarke on ned my loyalty f the Univer he lied before w Senator fr with to way, © r the Senator m entieely Irreape The bill wae then j omtpore FOLURTRERS FOR Th On mytion of Mr. 1) wwe volunieer® for the nd the pending amend aut « one ar ted , Kn, (rop.) Of NB. wid from some jwdications o™~ ~ ™,. why I | the ewhy to ‘alow the Preeidomt 1 rase 20,000 1 aay one state, | | \ the expend tures of the year ending dune 30, 1983 ‘ . + $789 ,558,777 62 This mount of money Te meet expenses of the cur. The y incorme us that ‘ewly realived a part of this larce sum, and hag. 4 it to pay urgent de. mands that have been made upon him, , | How was it obtained? } 1. He hed a balance on hand in the Treasury, July 1, 1862 (opp.) of Ohio, moved to lay the bill on the & large Hal Logg 0: Th. Aynard. Mong de $12,068,048 81 } Of... Fi worth, WI Moke sad | 2% There was received fo Yeatinan | the first quarter of the Arnold, Ashley, Babbitt, —vir: from July 1, Ain, Blau Of Pa. Bake, Bue to Octob i862; FA. Gonk eterna, direc divties aude, avd tares, rale of ali other 24,1e4 O82 2 Ieiiiny Me King te ane time. 4 Het reatizea (rom jeans in #00 and November last ° 114,458,221 O2 tho further em: ideratic dgnntli Wedursday week, Halenes of money required, and which YOUVE SEAT PROM MARYLAND mi jAgoMe fern, to ear Mr. May, (Untn) of Md, offered the following pre. | an the government from [vey embie and resolitions:— | PBe2, to July 1, 1868. Tha heen proc 5 large BUM bety eon ng there aber, 1862, and the isi ded to . fa, Seoretary jifforms the $20,000,000 legal tender no ry, yon of was @. thorized to beue, there bag ‘ . ed to be iagnod, at the dave of tie repe the people of Maryland and “4 byw hows Maryland and of the | and which were being iesved ap’ tun Reanived, That the Committee on th ybeinetrnet. | 9% they could be prinie!, the sure edo pecerioin the Imete and (He law ¢ ving (he same Doce weenerceees eens HRT OCT BM OY NEW YORK HERALD, TUESDAY, JANUARY 13, 1863, i oa eEnnEEIIESEnEEEEEEREE en a ee 6. He estimates that $40,- (000,000 of pestal currency ot denomination thau one ‘ollar will be reyuiied Dy the people. ide hid im- sued already, the date of his re.ort, $8684, Jeaving still lo be issue’ and whied be thiuks may be made available during the sun ot. third and fourth quarters— namely, from Uctober 1, 1862, to July 1, 1863, from direct, 469,905 88 Leaving amount to be borrowed in some form tr m December 1, 1862, ¢0 July 1, 1863, . wv ssseees $844,761 226 OL ‘The anticipates that he cau borrw during the ourrent year, under existing lawn, the following sumés—namely, the amount received on deposit at the dif- Morent Sub-Treasuries at four and five per cent, at the date of bis report, was $79,798 650; and he ertimates that, he may 1 eceive om deposit (borrow in Ubis for im) daring the current year, the additivuat sum of $20,201 360. Certificates of Indebtednoss at one year, bearing interest at six per cens, have already eon issued to the amount of $87,363,241 65; and the secretary estimates that he can carry a debt ip this form of at least $100,000,000, and that be may ve able to issue additivual certiticates 40 the amount of $12,636,758 36. ‘Tho Secretary hud umly b rrowed, at the date of his ro- port, under the actanthorizing the issue of $500,000,000 five- twenty @ix percent bonds, the 8im of $23,160,060, and estimates that, if the law remains as it is borrow, during tke current year, the addi:ional $35 000,000. bi pn Jat bona pi oe Le ehnsgy and + pending upon tbe contingency ‘rowing, cannot Low counted ag positive sesources. me In addition to the above estimates for the current year ‘the Sec 'y bas cent us estimates for the year ending June 40, 1864. It is customary for Cougress to make ap- propriations one Fin advance, and also provide the ineans to mect such additional appropriatfons. The aggregate of appropriations made or asked for by the Secretary during the fiscal year ending June 30, 1864, amount to the sumo...... ++ -$1,096,413,163 66 From which deduct the probabie amount of ay ‘jations which will remain undrawa July 1, 1864, estimated by the bape ag Me $250,000,000, but which, with the large and Pressing ue- mands that will be made upon him, are not likely to exceed. . Probable amount of expenditure during the fiscal year ending June 30, 1864. ‘The Secretary estimates resources dur- ing the fiscal year,ending June 80, 1864, as follows: — Receipts from custom duties.$70,000,000 Ro can gum of 100,000,000 00 $996 ,413,183 56 | wholly impracthabis nt thie } romigo wake of any cour ideroble amouut Of our tg jay ce Receipts from internal re- venue... sree see 150,600,000 Receipts from the sale of lands, seeeee 25,000 Receipts from’ miscellaneous BOUFCEB ss. eeeeeeeesevees 8,000,006 223,025 000 00 babies’ ae sum ye porrare ring tho fiscal year ending June 80, 1864.. $772,888,189. Add the ambunt to be borrowed for hibits fiscul year 1863. 844,761,226 01 Whole amount (over and above reve- nues) to be provided for at this ses sion, to carry on the government to July 1, 1864.00. ... 00000 oe -$1,117,139,409 67 ‘nis estimate exceeds that of the Secretary of the Treasury by more than $200,000,000, He asks for only $900,000,000; but I estimate that, if the creditors are paid up promptly, not leaving more than $100,000,000 of undrawn appropriations at the end of the next fiscal year, not less than $1,117,000,000 will be required, over and above taxes and customs, to carry on the government to the Jat of July, 1864, provided that the war is prosecuted = same scale that it is now carried on up to that time. RATIONAL peur.” shgrtloulas of the publio debt outstanding January 2, ‘Loan of 1942 fu course of payment. $2,883,364 11 ‘Loan of 1847.. Da1s 200 00 Loan Of 1843... 8,008,341 80, Taan of 1858, 20,000,000 00 Loan of 2 1,022,000 00 Loan of 1861, act ry 8, + 18,425,000 00 Loan of 1861, act of July 18, 1861, 50,002,000 00. Loan of 1862, five-twenty six percent... 25,050,850 00 Texas indemnity .. + 3,461,000 00 Oregon. war dedt*. + 1,026,600 00 Toxas debt. tees . . 112,092 69 Old funded and unfunded debt ern 114,115 45 ‘Treasury potes under acts prior to 1857... 104,661 64 Treasury notes under acts subsequent... __ 2,760,350 00 ‘Treasury notes, 7-30 per cent interest. 139,998,000 00 Temporary deposite at for per cent 38,458,008 60 porary deposits at tive por cent..... 41,777,628 IU United States notes, legal tender, and ihtaes caivable for customs. 14,918,815 25 UNited States water, beg 223,108,000 00 dor. Postal currency less than one dollar. Certificates of indobtedness, six per Requisitions on the Treasury for soldiers’ pay and other creditors, due but not 6,844,936 00 110,821,241 65 59,117,597 46 Total funded and unfunded debt to Jan. 2, 1863, according to the books in‘the Treasury Dopartment..,., ee To which nay be the estimates arenas ropriations made and asked for to fuly 1, 1864 (including $100,000 ihiat may be uatdenw 1 af tke ena or the year, and which will be due, though ‘hot paid), amounting to say “pa 2:216,195 747 96 Public debt estimated to July 1, 1864, if tho war continues on the same scale to be + $2,000,000 ,000 00 ly at the above figures it wii! be seen that of the large sum, $788,558,777 62, required so pay the currant expenses of the fiscal year ending July 1, 1863, only $237,137 03 had been realized for the first five months, up to lecember 1, 1862; and that during the ousuing seven months from that time the large sum of $561,221,131 59 was still to be provided for, being more ‘than $78,000,000 per month, and more than $2,500,000 per day. The immediate available resources with which Wo pay these daily hon pers were $27,067,889 legal tender notes, not then issued. the daily receipts from custome and internal taxes, and whaever sum might be realized from the daily issue of portal currency of a less denom|- nation than one dellar. More than $34,000,000 must be borrowed in some form between the let day of December, 1862, and the Ist day of July next, to which must be added the sums to be borrowed from July 1, 1863, to July 1, 1864, $772,386 ,183 56—making altogether im to be borrowed in eighteen months over and above customs and taxes of more than $1,117,000,000. How 4s this large sum to be ebtained? The Secretary of the Treasury, in bis annual report, in- dicates two modes of obtaining it as follows -— 1. A national bank bill. 2 By loans ia btene 4 of the forms heretofore authorized. * * * « After examining the subject of @ bank, Mr. Spaulding eaid — Having shown that the proposed national bank bill ts not only unjust in some of its provisions, but that it will not yield any considerable amount of money to meet the ‘opria:ions for the current and next fiscal year, the F question to be considered is :-— 2. Can the money | obtained by loans? It will be re- collected that the anwunt to be provided for, over aud above the sums to be realized from duties on imports and internal revenue, exceeds the sum of $1,100,000,000. ‘This is a large sum to be borrowed In the ensuing eighteon months. As [ have before stated, over $2,500,000 will be required every day, Sundays included, between this aud the Ist cay of July next, The receipts from postal cur. rency, customs, and taxes during that time will not pro. bably exceed the sum of $600,000 por day, $1,900,1.0 to be obtained daily in some form Congress, by its legislation at the last ses consider: ble extent changed the standard 0: business operations within the United States. ‘The standard of value fixed by Congress is legal tena Treasury notes, convertible at ay time into United Stat pe ying Bonds, bearing interest at the rate of six » payable haif yearly in coin, based upon ade wate taxetion upon the entire property of the country Legal tonder notes constitute the national cur rency how establish law. All oxcbanges of proper: ty, all cor tracts and a)i foans are based apon the value of legal ten: cr notes and United States six per cent bondy, Tue law f ‘ougress deciares that these notes shall t lawful m ney, and @ logal tender in payment of ail debes pubile and private, Tho Secretary states in his annual report that previous to the let of November, 1862— The coin had been practically demonetized and withdrawn from use as correne, basis for currency, * * © That on the and the substite tion fer coin Hod States notes, converuble tuto ax per cent epecic paying vonda, a encard of valae, gold became an article of merchandise, subject to the ordloury fuet of supply and dewand, aid to the extraordinary fluctuations of mere specuiation, Gold does not cirenlate at all as currency, ond there Is no probability that it will circ late as mouey for several years to come—certainly not during tho progress of this Sixantic war to put down the rebellion, ‘This is to be re gretted, but st cannot bo avoited. The war itself ie reatly to be deplored, but it cannot be avoided. We fiave the monster rebellion by tho ears, Nike the bre weolsman who held the ferecious woif—if wiil destroy us. We must there due him, No compromise wot nezotitte on ony basis exce an acknowledgment of thetr iadependence. ‘ihe war therefore, must go ou. While the war loete the magni tude of the expenses @ill bo su great that there is not coin enough in the @ untry to carty ito» with gold and silve It cannot be obiaived. We test try to mitigate, av tar as we cin, vile growing ott of the necessity of mink ing legal tender notes the standard of valve You camot disase of y ear six per cont Donde (or gold v ithout ebay # oF over thirty conts on every dollar, In other words, for every dollir ¢ bonds ixsued Yon cau only Kel seve ngs bi gold Af vou shionid be willing to subunit not at al provable has to a value f Jot go, be Jd on Wil we Bab The rebors wil pt that of separation an oh A be obliged te (2 on every dolly sod 1, dotlar for da jer cire Hot y hiwred ond Ofty millions of acta Not eificie! sam ty carry on the tmmeowe cperet ap of the peoy.e wil (te government at (hes time could all be bro. phi oot and put inte etreniation me, No one quainted Woh fm, Gfy alfairs bovewes uy we on | bene at over fety canis on the dolar for gold—a aacrifioe te t for thie House to seriously consider, if any wid@ ean Be devised which is practicabld, Tb is ed to be practically Imporsib'e to negotiate your boards ott without Wo great a sacrifi if you can Dot mewotnato loans for gold, will it be wise to change the Irdepenieut Treasury Inw #0 as Wo allow loans to be ne- for nutes of suspended banks? There was a cual Susi ension of specie paymeute by the banks and the goverment on the Bist of December, 1861. in Feb- Tuary (low ng ‘ongress passed tae law tor the issue of Jeg Vtender uotes and authorized the Secretary to make Josns and receive these notes in payment; but the govern- ment has not deemed it best to take suspended bank notes in payment for’ loans or any other dues to the go- vernment. “1 do wot think it wise to adopt that policy at ‘YK time. The question then arises, ea enough every day and fet | Your nay, for fm legal tender notes already issued? It is periegtly apparent to all who are acquainted ney market that this cannot be dv Den scarce al ‘ ig pow very dificult w be obtaiwed in suilicient quantity $0 meet the busivess wants of tho herp <4 To macy = alg ugh the jutecior of the states bankers and ness men Bave een ubiiged to pay as high ay one- with the mo- quarter and one half per cont premium to get currency (dank bills and greenbacks) to carry on ordinary busi- ess Operation Be It is weil Known that all the Now Engiaud and Ne: York ¢ untry banks redeem their bills now at the Soffoll Vank, Boston, and the Metropolitan Bank, New Yor, pre- eiely ag they did before the sus;coswn of speci® pay- ments, This syrtem checks apy te and is a touchstone by which to test Dauk bills. If they are not needed for they tlow in rapidly to the redeeming banks, but if they are wanted they stay out. Chis test is uuerring. Tho daily redemptions. 4or months past, have not been half what (hey were when the volume of bank circulation was less by a Ybird than it is at this time. What causes this scarcity of suriency? in the first place, as before stated, id and sliver no longer circul.te as currency within tue Inited Siptes,” Golds only reyuired to settie foreign Dalnuces, pay custom. duties, aad interest on Ube public debt. . Itvis bought and sold (or (bose purposes as @ com: modity; but it des not circulate as money in ordinary bosinessoperations. Its place is anpplied by hauk bile: and Jegafteniter notes. In the next place, tho large in- crease of business suddenly created Ly sich a gigantic war as fve aro Dow prowecating hag largaiy, icreascd the demand {or a larger volume of curreacy than was ovor real ‘ed bef re. has been a large demand for aurrency tn the Woxtorn “tates to purchase and bring forward the im- inenae crops that have been produced durmg the last two yours. ‘the winding of a large numb; ized and badly mauaged banks in the vacuum to be filled by bills of solvent banks roots The governsient has been buying largely, parts of the couvtry, food, clothing, aud all ma nitions of war, besides the kirge sums required for pay and bounty money of the volunteer soldiers that have gon> forth from all the States. No doubt considerable amounts: Of this money still remain in the bands of the » idiers themselves and their families, practically withdrawn from circulation for the time being. Fifty, one hundred and as hich evenas two bundred doll: paid for volunteers to fill up the last two calis made by the Presi- dent, Fifty dollars paid to each goluior, to the number of 6ix hundred thusand, would require $30,000,000, to say. nothing of the «mounts required for the army previously nent into the tl itis perfectiy plain where the ¢ rency has gove du ng the past #ix mouths, The o,0ra tions of the rag: bo navy aloce bave required in all forms not lea: than $200,000,000 in bank bills and egal tender notes, It is no wonder that currency has been scarce in ai] the ordinary chanpels of trade and business. it is still vory scarce and dificult to be obtained for ordinary business purposes i New York and all the Western States. I ain assured by bankers and the best fivanciers in New York, that if the Secretary should put on the market 1 proposal for a foan of $50,600.000 it could not be taken, for the reason ‘hat the legal tender nutes could not be obtained in suffl- clent quantity to pay for a loan of that amount, It is doubtful whether a loan of $15,000,000 covld be taken at this time for the want of currency tw pay for it. It is also very diiticult fi oectors of internal revenue to make collections acount of the ecarcity of legal tender notes. Legal tender ne among the peopie who are required t they are continually asking for more. | we be alarmed @ further Issue of Joya! tender notes? So long az they are wanted by the busiiess of the country, wed by the soldiers for their pay, Leyged for by all t edy creditors of the government, surely Congres: ought uot to hesitate in an exigency like the preaent. It is no time now to depress business operations, or hold back the pay due to honest creditors of the goverumeut It is much better to atiinulate, make money plenty, make } cagy for people to pay their tases, and ouay for.govern meut to make loane, Thia fs the ouiy way in which we van go on th the present imperiled conditioy of the country, AD cesential feature of. the financial plan adopted laet year was the passage of tie Tarif’ aud Internal Kevenue iawe. It was of great consequence tit our public debt should rest upon a solid foundativn. The property of the country, jiable to taxation, amounted iv 1360 to over $16,000 000,000, and Congress having ample power to tax it to the full amount necessary to pay ail government dob, it was agreed by all prrties that it was uecessary to Impose tuxes upon thf property,,and the proiits of ‘business based thereon, in various forms, for an amount eumicient to pay the ordinary expenses ot the government peace {doting and all the interes: on the exirrordi. rr The ordinary expenses of the goveri- of pence 6 not excecd $75,000,000, and the interest on the war debt will not probabiy oxceed during tho next year the sum of $45,000,000, while it ig believed that the revevues derived from the tariff and iuternal revenue will not be less than $200,000,000, ierving $80,000,009 ss @ sinking fund to keep down the war debt. It i. believed that the revenue realized on the present Turit and Tax law will pay ordinary current expenses of ihe governmert, and interest on the war debt when it reaches $2,600,000,000, which is oily bad( tho present debt of Great Britain. Congress must 80 shape its lezisiation as to incidentally aid all branches of productive industry, render th» people prosperous and enable them to pay taxes imposed for the ordinary exponses of the government and interest on the extrao:diuary war debt incurred from ‘ay to day in sop port of the army and navy. Notwithstauding the magni tude and exhausting nature of the war, the financial sneapures: Ce ge last year have eperated very bene- cially upon the bueiuess of the country. The people have had « uniferm.currency, and have most abundantly prospered in ali their busi: ess aflairs. fhe taxes being im posed moetly on the current business of the poopie they pay them from time to time without feehng fete n burthen, an: leaving them with large profits at the end of the year. The Ne in the loyal States have beos ao pro: erovs in all things, and the taxes so easily paid From their profits, they hardly realize in their peountary affurs chat we are engaged in such a mighty struggle to preserve the national government and the national unity, Upon a full eximination of the whole subject, and with s deep sujicitude for the success of the measures thit may be fiually adopted by ¢ ogress, I see no way in which the ways and meane can be obtained to carry on the govern- ment for the next \cbteen months. except by a continu. a of the meutures adopted at the list Ression, and which have go successtully carried us through the perils of the ast year, with auch additions and modifications as experience bas shown to be necessary. An @4itional section bas been prop sed to the financial plan adopted last year. is a large amount © available means im the country which, it can be drawn to the national Treasury,’ will be of most essential service at this time. Jt ha been the subject of much consiieration as to the best form in which it could be oiered to the people to induce them to let the government have the money for which they have no present use, and bo allowed a fair compensation for its ve during the time it iggborrowe:l ernment. Iuterest bearing Treasury notes ure be the best form ta which it can be oilered to Why, then, should INTEREST WEAKING TREASURY NOTRE, Under the operatian of this new section these interest doariug Treasury notes and the legal teuder notes would be couvertible and reconvertible into each othr at the wil of the holder; and as both can be paid out to the creditors of the government, they will soon tind their way into al) the chaunels of business in all parts ef the coun tury. The interest bedring notes wiih be laid aside, out of circulatin—better than gold as ao investment, bocause yielding a fair rate of interest—while the legal tender notes wit! continue to circulate as money. object of this section ie to resca the money in- vested in temporary loa.s in all the cities, villages and town. throughout the country, and apply it to sustain the government at this time. A jarge amount 0 money is now held by individuals aud corporations, bear tog @ ¢mail rate of mterest, or no interest at all, whieh ix ‘ it in banks or in private sates and drawers waiting a good epportunity for permanent investment iv the purchase of stocks, mortgages r other property. Forehanded tarmerg, mechanics, manufacturers, mer chants, an? e: en retired capitalists, would like some con venjent mode of iuvesting their surplus meaus at fair rates of interest, and with a certainty that when a good opportunity is presented te make some buajucss trans action they can haye legal tender notes returned to then to ise u8 money, Notes issued at Six per cont interest, and {nv even mations of $20, 50, $100. $200. $50, $1,400, $4. 060 and $5,000 would be 1 a convenient torm for all clisses, 1d St this rate of interest there is no doabt that large anonnts would be drawn into the Treasury, Savings bauks, trust companios, and other piaces o' deposit, now overburdened with money, would, no doubt, have drawn from them considerab!e amonats tur investment m these i terest borring notes. Guardians, exeevtors and trustees would largely mvest thelr money in these government securities. Ineurance © mpenies might iavest im them KOLEIX por Cout Mite at, aDd De sare, In cases OF loNs, LO got legal tooder woter with whicl to yay their gutstand ng polcie. Even NEE DANKS and trust companies might ioves! 9 part of their funds 1 theae notes, and be youd when they tors ehoukd eal for they perations wr colton would be like us and itis Very probable Lat $300.000,000 Te would be, iW money realize a large amount © to aid in the prosecution of the war, Some would draw out th u 18 CoCuAL tr sould ai ns, Whild odher® ®eain nder (he authority reinsue them, and tl ount th (he Treawery vould Be aboot the xatne from week to week. Tho av age deposits in the banks in the city of New York \bout the same, Their weekly published statement how iat there is to very great artation tm the amour for weeks and mows . My *iument chug far, In regard to Interest beer ine eaeery notes has been based upon their charactor, « the rection was originaily itredsced by me. ‘The ser Hon has uudergone eume change aiice that tine, fnstew six per cout taterest Ube rate hax been clin to that the notes are t our ony 84 vet py sn, Being at the rate of One aul: or Oe at eae dollar’, ane are not made At the will of the tin oo at cont a cay on exch one by evtible Into opal or. Phave aot deemed this vent to the section, and T have Lak sake Of HMiLy YF aot ye of the by ak INbeO ve these nates to all rygot who are r to reenive the and they “ene Jagat (ender tor dues ty hoy abany time wth he accrued hanged mito twenty yeaye? ik Bor cont bonds. 16 2.9 obyeetion to the Se eS et et rate of interest now agreed upon; been struck out which I regarded as giv to these notes, namely—their convertibility at apy Line into legal tender notes, has rendered thom less desir- able, They may possibly fal bable that so large an amouut ean be kept out be clauso had bee: retained in the bill. giving to them the highest Jogi! sanction and the most desirable character possible within the power of the goverument—not above six jer ceyt interest—in order to prevent their depreciation, It wold have cost so Mttle to have givon them this most desirable character of iin- mediate copvertibility that I strongly urged ita adoption, and upon the sme principle that Taged the legal tender clause Inst yoar, The more @esirable the notes are as an investment. the longer higher would be'their price inthe market. 1 trust, how- ever, tbat in their present shape they will be after and be a valuable aid to the people in the payment of internal revenue, and materially assist the Secretary in his arduous duties of furnishing means for & vigorous prosecution of the war. that issue more Jogi! tender notes, if the exigencies of tne service a ane’ further issue necessary, The Se- cretary of the Treasury, in submitting the bill proposed by him for tho loan of $900,600,000, says:—'The com- is very general. Under it the Secretary will have the if exigencies rejuire, States nou further issue of deg! tend to ib as an imperative nccesity. iesne will tend to juilate prices: bat Ido net see how It can be avoide paid, or how the government other way. i shall therefore vete for this provision, ib eornection with the other provisions of the bill, as a ne- 0 make additional issues, of Unite war. , Sir, since the test gun was dred npon Port Somter my convicticn has been deep aud mbiting that this wes ¢ den long, expensive, bloody and desperate civil war, and that it would be vgy ditenlt to determine in advance what results would deaiily encounter. 1 hayo never for a moment doubted maintain a separate government and a total separati yom tho free States, This has beou their deliberate pir- setion, embittered by ihe most’ deadly conflict with the armed’ powor of this government, has conzolidated their strength. They have org: government under a oon as President for six years, Dat has organized and waintaincd a powerful . whie has been able thus far to <nccossfully repaise ev pital, distant only one huuodrea and twenty-five mi! from the hall in which we are now sitting, that the cabal at Richmond, the ovly reaponaible power to which any overtures of peaco can be made, will I induce them to throw up their present de facto _— ment, come back into the Union and submit to the con- stitutional goveruiment over which-Abraham Lineoln pre- Joy ete. Jefferson Davis and all the bigh officers about him are men of high po litical sspirations. loordipate ambition, and a de- sire to rule were {he chic? inoti¢es that prompted them to rebel against the ,cnustitution «nd government they ha@ sworn tosupport. Chose who suppose that Mr. Davis and his coconspirators wll y ly negotiate to surren- dor the power they now hold ) but little appreciation of the motives that stimulate | leaperate action, These dospel And wilkfight to the death. for empire. and wil! nei: spromige nor surrender , unless they are compelled to do go at the point of the bayonet, presee d by 4n overwhelming and crash. ing feree, Th ral people o; the tnited iow bat mischievous in ine consequence in the loyal states and prowngs the war. 1 have DO expectation that the rebelinn will be crusbed unless there is 4 more united and a mere determined ‘Hort ov the part of the le of the Northern Staws. The great fact to he ascertained by all doubting men is, will Jefforaun Davia eoinpremiso oh’ way terms abort of separation? Will he volunta surrender the power he now holds? Will he reeoty woposal for peace excepts on the terms of Union, and a recognitiom be Known at once to ull if no ¢ Mpromise can be < hat, desire to compromises Bit fo with bite 3 Gale lying the Union, ita wo Ae Teaslble, oo ihat-all doubtera aud cavillers may decide mmodiaiely what they will do, They Aaily expenses of tho war are cnormous. ‘The public debt is runuing up ata powerful rate. This war ought not to ho procrastinated 1. day longer by divisions at bome.: This state of shings cannot be continued for any considor-' able length of titve withont entailing a public debt so: jarge that it will burtien the present future genera~ ment stiort of djs the vay mor: t:dle prepared at t cireulation of the banks iy the several loyal States. Tne aggregates foot up as (oblows:— “eeured cirentation,. Insecured circulation. . fs bry ciroutation. . oe ipecte on Ist January, 14% 5 X In conclusion Mr. iting wh; ‘ont, ve ‘net been more fod on It was because we newlod more esrnestoens, greater > termination, better discipline ia the anny, and a closer unity of action. Uniess those casential he rebels could maintain strength, ther government would be 4 , Union army conld not achieve decisive victories over the, rebel forces, all wos lot. No compromise could be ort ought to be made. Military avccess was the only way im — ‘Whey could maintain their flaances and restore the. "nion. Mr. Thomas, ¢ Mr. Spauldin with the Sted by Congrtes to utabitants.of the. seesded Slates were not by legislation deprived of under the: constituting, sad whether be sssacan tut the ‘govern~ inent with ch policy could aucceed in restoring thes ni Mr. Brxcuam, (rep.) of Ohio, offered to answer, andé Mr, Spaniding yielded to him, he Tnomas--1 not ask the gentleman from Obio.: aughter. ) : Mr, SparivixG believed that the House knew ite duty’ and would perform it, Mr. Thomas did not doubt that; that was not the quer-+ tion. Did he believe that, by the policy and of depriving the people of the South of their righte) ‘under the constitutinn the war would succeed? Mr. Sraviiono would turn that over to the from Ohio, (Laughtor.) i : Mr. THomas—The legislation of Congress not only affects the men in the rebel army, but equally affects the non. combatants. Under the act of conflacation, | bade confiscated the property of eleven States, without re- fersnce to the question whether it was owned by com-, batants or not, Every citizen of a Southern State who, iu any way aiced the rebellion, ix prevented from holding any ice of trust or honor tinder the United States, (Voices, Good.) And, further, by tho President's tion, the loyal ar well ‘us disloyal iwhabi of the rebel States are deprived of the rights of property, were recognized unter the Ia - leaving them as the possible remedy an ultimate resort to the liberality of Congress. . Bixcuas--I deny, in the first place, that any bid passed the House conflecating the property of sug state. Mr. Twouas-—# did uot say any State. Mr. Bingvam—You bad better reier to the report. Yoo said we passed a biil contiventing the property of eleven States, Mr. THowas—Tbat ie a mere claptrap upon words. Mr. Bixonaw—No bill passed ornfomating. the property of any State. States canuot be rebels. Rebels may be hong; Dat I wonld like to know how a woul bind the neck of a corporation that bas neither body ner 3 soal. ee Mr, Tuomas—In my iil t the Confiscation bil Lae only the form of | bstance. it confixcates (he property of all the v tants of those elevon States, aud Task the gentleman from whether that is not # cor- rect ntatement of its proviaions? Mr. BrncHamM—Not at ail. Mr. Tromas—I h. -¢ etudied the bill very carefully. Mr. Biycaam—The e stalk Mr. Wavswortu, (Cuion) ‘of Ry.—There are a ge roany of us i the same category, and we would like hear the correction. Mr. Brvewam—The bill limits the forfeithre to rebels tn. vrms, their aiders and abettors. Would the gentlemam state that everybody in the rebel States was a rebel or aD wider and abettor in the rebellion? Mr. Toowas—My impression i@ to-day, as # matter of hisiory, that you Gmnct ind in any One of those States, any considerable number of persons who have pot se far al and promoted the repeliiou as to be within the provisions Of these bills. Does the gentieman deny thar? Mr. Bixetam—I do deny it, 1 do not Believe that the cblldren of that lund have any more aided in this el lion than the old gray headed father of the repull) Js uding to Mr. Orittenden) who stands there, ond has'given the fon. bis House to the perilous ed yattio What the republic may live. Victor fig) him, crandly said that the children at least on this earth are nnoeent, because Ged Wiles itso. I stand here to deny, lefying tho Devil himeet! w overcome my denial, ua here» is one ime, word of letter m that bill that touches the inmocent or unoffending against our law; mo- thing that contisuates property, except property held by vobels in arme again the g veroment and thee whe wilrully © re gaat the Life of your country and mine, Your constitute n and mine, and the rights of your hildren and mine Mr. THomas—When you confiscate the property of the ther do you not © he property of the chidr Mr. Bixowa . Does not the ember the old me that noone is heir of THO AIS hot the practioul operation of Ue Ww lo Cover a very large proportion of Lhe pros 6 Rooaded States YAM—L thie it tost Hkoly thata large ma the property holders of the Sch are rebels im iets aKAtoRL the government, awd | belteve it t the Mty of the guvernment to rtrip them not ouly of belr property, but of their lives. Mr. Thomas am not questioning the right of the go- comett. 1 arked the gentleman from New York bother he hoheved that pelley world be saccenctoly ‘ Mr Aixcmaw—| traat le does bolieve it, Ttrant be hag Ait that this government has (he power and the rage to enforo: the law and do its duty on the per {those rebels and their alders om abetiore, bean New ud Son Applante i the gallewes and clapping saa en the beers) abould hot the rebele be a! He should be = dy thankfo! t even) no greater penalty thap that, on motion of Mr. 7 kx, the Finanee bill wae mode the apecial o der from day to day ont! dikposed 6 The com wistoe rome and the House adorned 7 to below par if $300,00.0¢ wore paid out in their present shape; a oa fo was in faver of ey would stay out, and the Iu nearly all the plans that hove been submitted to the: committes for providing means to carry on the govern-- mont for the next oightern ricuths, it has been proposed to mittee will observe that the provision in respect te loans power. to borrow money in any of the oriinary forms, oF 1 bave an aversion to any considerable notes, and can only consen’ T think too large aa I donot vee how the soldjers are to be 1 be carried on, in any cossary measure to enable the governmont to proseuute ~ flow from; such a. that the leadin. conspirators meant to establiah“ mid ? ration p ge from the beginning. Noau:ly two years of concerted ed a form of civik who is surrounded by ® Cabinet, Congress, jidiciary and all other officers neces~ sary to keep it in full operation, This rebel government’ attempt that bas been mio on our part to take their em Sir I bavenever belioved, sud do not now believe, . to any offera of compromise, however ltberal, which wills sider, or any other J resident that can be elected by they ly whipped, before. Any expectation to as , becanse it divides and weakens the poopie, orn half? This ought 1 - Hons. The best blood of the nation flows freely. Larger vumbers are killed ia battle, but more die from E and diseage than in apy other way. ‘All this bigod and treagure is freely given to crush rebellion and main-: tain the Union. Ja the course of Mr. Spuuldiug’s speech he exhibited » ‘treasury Department, showing the- ‘essful in crusieg the rebellion. — be had speediiy he had litue hope of orusbi ome e tly very litt crushing ti rebellion. Tf tl 4 of subjugation,