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tatively in the executive chamber, on the conduct of foreign affairs.

But this correspondence requires us to say, that in view of the historic precedents, it is not a purely executive question whether the United States would think it necessary to express themselves in the form adopted by the House of Representatives at this time; it does belong to Congress to declare and decide on the foreign policy of the United States, and it is the duty of the President to give effect to that policy by means of the diplomatic negotiations, or military power if it be authorized.

The President is not less bound to execute the national will expressed by law in its foreign than in its domestic

concerns.

The President appoints all officers of the United States, but their duties are regulated, not by his will, but by law. He is the commander of the army and navy, but he has no power to use it except when the law points out the occasion and the object. He appoints foreign ministers, but neither in this case are they, by reason of their appointment, anything but the ministers of the law. If it be true that the appointment of an ambassador to a nation implies the recognition of the nation, it is just as sound logic to argue that none can be appointed to a nation that does not exist by the recognition of Congress, as that the President can recognize alone, because he can appoint. But we prefer to waive the question. We are anxious not to depart from the approved precedents of our history. Our desire is to preserve, not to change. We will not inquire by the President against the will of Congress. We prefer to indulge the hope so wisely expressed by President Jackson, that "it is to be presumed that on no future occasion will a disute arise, as none has heretofore occurred, between the Executive and Legislature in the exercise of the power of recognition."

what would be the effect of a recognition of a new nation

Hitherto new nations, new powers, have always been recognized upon consultation and concurrence of the executive and legislative departments, and on the most important occasions by and in pursuance of law in the particular

cases.

Changes of the person or dynasty of rulers of recognized powers, which created no new power, have not been treated always with the same formality; but usually the general law providing for diplomatic intercourse with the power whose internal administration had changed remained on the statute book and conferred a plenary discretion on the President, under the sanction of which he has accredited ministers to the new possessors of power. It is not known that hitherto the President has ever undertaken to recognize a new nation or a new power not before known to the history of the world, and not before acknowledged by the United States, without the previous authority of Congress. It is peculiarly unfortunate that the new view of the executive authority should have been announced to a foreign government, the tendency of which was to diminish the force and effect of the legislative expression of what is admitted to be the unanimous sentiment of the people of the United States, by denying the authority of Congress to pronounce it.

Of the prudence of that expression at this time Congress is the best and only judge under the forms of the Constitution, and the President has no right to influence it otherwise than in the constitutional expression of his assent or his dissent when presented to him for his consideration.

with foreign powers inimical to our greatness and safety, which, in the words of Mr. Webster, “a firm and timely assertion of what we hold to be our own rights and our own interests would strongly tend to avert."

The committee recommend the adoption of the following resolution:

Resolved, That Congress has a constitutional right to an authoritative voice in de laring and prescribing the foreign policy of the United States, as well in the recognition of new powers as in other matters; and it is the constitutional duty of the Prosident to respect that policy, not less in diplomatic negotiations than in the use of the national force when authorized by law; and the propriety of any declaration of foreign policy by Congress is sufficiently proved by the vote which pronounces it; and such proposition whil pending and undetermined is not a fit topic of diplomati explanation with any foreign power.

FRANCE, MEXICO, AND THE UNITED STATES. The Courier du Dimanche, of Paris, publishes a circular letter addressed by M. Drouyn de l'Huys, the French Minister of Foreign Affairs, to the agents of the Empire abroad, respecting the relation of France to the American Government. This letter is a sequel to the correspondence between Mr. Seward and Mr. Dayton with regard to the Mexican question, and is as follows:

PARIS, May 7, 1864.-Mr. Dayton has called on me to read to me a despatch addressed to him by the Secretary of State of the Union, in order to define the responsibility of the Government of Washington, and to show that a vote of the House of Representatives, or of the Senate, or even of the two Houses, while it naturally recommends itself to the attention of the Government, did not oblige it to modify its policy and take from it its liberty of action.

Mr. Seward sees no reason to follow in the Mexican ques tion a line of conduct other than that which he had adopted heretofore; and if his disposition should happen to be mod ified, we should be directly and in good time informed of this resolution and its motives.

I have replied to Mr. Dayton that in the opinion of the Government of the Emperor, nothing could justify this change; that our confidence in the wisdom and enlightenment of the American Cabinet was too great to permit us to suppose it to have any idea of compromising, by thoughtless action, the true interests of the United States.

While expressing to Mr. Dayton the entire satisfaction which the assurances he was charged with giving to us caused to the government of the Emperor, I added that I thought, in effect, that, even from the point of view of the United States, the choice would not be doubtful between the establishment in Mexico of a stable and regular gov ernment, and the perpetuation of au anarchy of which they had been the first to suffer and to point out the great inconvenience.

The reorganization of a vast country which, after the restoration of order and security, is expected to play an important economical part in the world, would be for the United States especially a real source of advantage, since it would open a new market to them from which they, be cause of their proximity, would profit more than others.

The prosperity of Mexico would therefore agree with their rightly understood interests, and I certainly do not believe that the Government of Washington could misun

It is vain to suppose that such a declaration increases the danger of war with France. The Emperor of the French will make war on the United States when it suits his convenience, and it can be done without danger to his dynas-derstand this truth. tic interests. Till then, in the absence of wrong or insult on our part, there will be no war. When that time arrives we shall have war, no matter how meek, inoffensive, or pusillanimous our conduct may be, for our sin is our freedom and our power, and the only safety of monarchical, imperial, aristocratic, or despotic rule, lies in our failure or our overthrow.

It postpones the inevitable day to be ready and powerful at home, and to express our resolution not to recognize acts of violence to republican neighbors on our borders perpetrated to our injury. That declaration will encourage the republicans of America, to resist and endure, and not to submit. it is not perceived how an attack on the United States can promote the establishment of a monarch in Mexico. It might seriously injure us, but it would be an additional obstacle to the accomplishment of that enterprise. It is fortunate that events in Europe, in great measure, embarrass any further warlike enterprise on this continent, and the ruler who has not thought fit to mingle in the strife of Poland or Schleswig-Holstein will hardly venture to provoke a war with the United States.

The committee are content to bide their time, confident in the fortune and fortitude of the American people. but resolved not to encourage by a weas silence complications

DROUYN DE L'HUYS.

The Arguelles Case. 1864, May 28-In the SENATE Mr. JOHNSON offered this resolution, which was agreed to:

Resolved, That the President be requested to inform the Senate, if he shall not deem it incompatible with the public interest, whether he has, and when, authorized a person alleged to have committed a crime against Spain or any of its dependencies, to be delivered up to officers of that gov ernment; and whether such delivery was had; and if so, under what authority of law or treaty it was done.

May 31-The PRESIDENT transmitted a reply covering a report from the Secretary of State and other documents, by which it appears that Don Josè Augustin Arguelles, an officer in the Spanish army in Cuba, had capture a slave expedition, while he was acting as Lieutenant Governor of the district of Colon, in Cuba. It

was subsequently discovered that he had, with the connivance of the curate of Colon, made representations to the Spanish Government that one hundred and forty-one of the recaptured negroes had died of small-pox, though, in fact, he had sold them into slavery, and succeeded in escaping to the United States, where he was arrested by the officers of the United States and surrendered to the Cuban authorities.

In explanation of this act on the part of the Government of the United States, the Secre tary of State reports as follows:

DEPARTMENT OF STATE,

WASHINGTON, May 30, 1864. The Secretary of State, to whom was referred the resolution of the Senate of the 28th instant, requesting the President to inform that body, "if he shall not deem it incompatible with the public interest, whether he has, and when, authorized a person, alleged to have committed a crime against Spain, or any of its dependencies, to be delivered up to officers of that government; and whether such delivery was had; and if so, under what authority of law or of treaty it was done," has the honor to submit to the President a copy of the papers which are on file or on record in this department relative to the subject of the resolution. By the act of Congress of the 15th of May, 1820, the African slave trade is declared to be piracy.

By the ninth article of the treaty of 1842 with Great Britain, it is stipulated that, "Whereas, notwithstanding all efforts which may be made on the coast of Africa for suppressing the slave trade, the facilities for carrying on that traffic, and avoiding the vigilance of cruisers, by the fraudulent use of flags and other means, are so great, and the temptations for pursuing it, while a market can be found for slaves, so strong, as that the desired result may be. long delayed, unless all markets be shut against the purchase of African negroes, the parties to this treaty agree that they will unite in all becoming representations and remonstrances with any and all powers within whose dominions such markets are allowed to exist, and that they will urge upon all such powers the propriety and duty of closing such markets effectually at once and forever."

There being no treaty of extradition between the United States and Spain, nor any act of Congress directing how fugitives from justice in Spanish dominions shall be delivered up, the extradition in the case referred to in the resolution of the Senate is understood by this department to have been made in virtue of the law of nations and the Constitution of the United States.

of Cuba, addressed to the Spanish minister at Washington the following note:

MOST EXCELLENT SIR: My aide-de-camp, with the person expected, arrived in the steamer Eagle.

I request your excellency to render thanks in my name to Mr. Seward for the service which he has rendered to humanity by furnishing the medium through which a great number of human beings will obtain their freedom, whom the desertion of the person referred to would have reduced to slavery. His presence alone in this island a very few hours has given liberty to eighty-six. I also render thanks to your excellence for the efficiency of your action.

God preserve your excellency many years. DOMINGO DULCE. HAVANA, May 19, 1864.

Murray, United States Marshal for the Southern District of New York, was indicted by the grand jury for the arrest of Arguelles, on a charge of kidnapping, and the matter came up before the General Sessions in New York, upon a petition of the counsel for defendant to transfer the case to the United States District Court, on the ground that under the act of Congress passed March 3, 1863, relating to habeas corpus, &c., any officer of the Federal Government, exposed to criminal prosecution, might remove the case in the Federal courts by filing a petition setting forth that the offence charged was done by the authority of the President or the Congress of the United States.

July 6-Judge Russell and Recorder Hoffmann concurring, decided that the petition to remove the case to the United States courts must be denied, the State courts having jurisdiction thereof. The counsel for the defence then made a motion to quash the indictment.

IN HOUSE.

June 6-Mr. Cox offered this resolution:

Resolved, That the recent extradition of a Spanish subject, by the action of the Chief Executive he st States, in the absence of a law or treaty on he subject, was a violation of the Constitution of the United States and of

the law of nations, and in derogation of the right of asylum, which has ever been a distinguishing feature of our politisystem.

Although there is a conflict of authorities concerning the expediency of exercising comity towards a foreign government by surrendering, at its request, one of its own sub-cal jects charged with the commission of crime within its territory, and although it may be conceded that there is no national obligation to make such a surrender upon a demand therefor, unless it is acknowledged by treaty or by

statute law, yet a nation is never bound to furnish asylum

to dangerous criminals who are offenders against the hu-
man race; and it is believed that if in any case the comity
could with propriety be practiced, the one which is under-
stood to have called forth the resolution furnished a just
occasion for its exercise.
Respectfully submitted.
To the PRESIDENT.

WILLIAM H. SEWARD.

Upon the arrival at Havana of the fugitive Arguelles, General Dulce, the Captain-General

The House refused to second the demand for the previous question-yeas 38, nays 57.

It was then referred to the Committee on the

Judiciary-yeas 72, nays 43. The NAYS were

Messrs. James C. Allen, Ancona, Augustus C. Baldwin, Bliss, James S. Brown, Coffroth, Cox, Cravens, Dawson, Denison, Eden, Edgerton, Eldridge, Finck, Ganson, Har ding, Harrington, Charles M. Harris, Holman, Hutchins, William Johnson, King, Knapp, Law, Lazear, Le Blond, Long, Mallory, Marcy, McDowell, James R. Morris, Morrison, Pendleton, Perry, Robinson, Rogers, Ross, Scott,

Strouse, Wadsworth, Wheeler, Chilton A. White, Joseph W. White-43.

THE FINANCES.

Our Financial Legislation. The financial legislation has been as follows: 1860, December 17-Authorized an issue of $10,000,000 in TREASURY NOTES, to be redeemed after the expiration of one year from the date of issue, and bearing such a rate of interest as may be offered by the lowest bidders. Authority was given to issue these notes in payment of warrants in favor of public creditors at their par value, bearing six per cent. interest per annum.

1861, February 8-Authorized a LOAN of $25,000,000, bearing interest at a rate not exceeding six per cent. per annum, and reimbursable within a period not beyond twenty years nor less than ten years. This loan was made for the payment of the current expenses, and was to be awarded to the most favorable bidders.

March 2-Authorized a LOAN of $10,000,000, bearing interest at a rate not exceeding six per cent. per annum, and reimbursable after the expiration of ten years from July 1, 1861. In case proposals for the loan were not acceptable, authority was given to issue the whole amount in TREASURY NOTES, bearing interest at a rate not exceeding six per cent. per annum. Authority was also given to substitute TREASURY NOTES for the whole or any part of the loans for which the Secretary was by law authorized to contract and issue bonds, at the time of the passage of this act, and such treasury notes were to be made receivable in payment of all public dues, and redeemable at any time within two years from March 2, 1861.

March 2-Authorized an issue, should the Secretary of the Treasury deem it expedient, of $2,800,000 in coupon BONDS, bearing interest at the rate of six per cent. per annum, and redeemable in twenty years, for the payment of expenses incurred by the Territories of Washington and Oregon in the suppression of Indian hostilities during the years 1855-'56.

July 17-Authorized a loan of $250,000,000, for which could be issued BONDS bearing interest at a rate not exceeding 7 per cent. per annum, irredeemable for twenty years, and after that redeemable at the pleasure of the United States.

TREASURY NOTES bearing interest at the rate of 7.30 per cent. per annum, payable three years after date; and

United States NOTES without interest, payable on demand, to the extent of $50,000,000. (Increased by act of February 12, 1862, to $60,000,000.)

The bonds and treasury NOTES to be issued in such proportions of each as the Secretary may deem advisable.

August 5-Authorized an issue of BONDS bearing 6 per cent. interest per annum, and payable at the pleasure of the United States after twenty years from date, which may be issued in exchange for 7.30 treasury notes; but no such bonds to be issued for a less sum than $500, and the whole amount of such bonds not to exceed the whole amount of 7.30 treasury notes issued.

1862, February 25-Authorized the issue of $150,000,000 in legal tender United States NOTES, $50,000,000 of which to be in lieu of demand notes issued under act of July 17, 1861, $500,000,000 in 6 per cent. bonds, redeemable after five years, and payable twenty years from date, which may be exchanged for United States notes, and a temporary loan of $25,000,000 in United States notes for not less than thirty days, payable after ten days' notice at 5 per cent. interest per annum.

March 17-Authorized an increase of TEMPORARY LOANS of $25,000,000, bearing interest at a rate not exceeding 5 per cent. per annum.

July 11-Authorized a further increase of TEMPORARY

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LOANS of $50,000,000, making the whole amount author $100,000,000.

March 1-Authorized an issue of CERTIFICATES OF INDEBTEDNESS, payable one year from date, in settlement of audited claims against the Government. Interest 6 per cent. per annum, payable in gold on those issued prior to March 4, 1863, and in lawful currency on those issued on and after that date. Amount of issue not specified.

1862, July 11-Authorized an additional issue of $150,000,000 legal tender NOTES, $35,000,000 of which might be in denominations less than five dollars. Fifty million dollars of this issue to be reserved to pay temporary loans promptly in case of emergency.

July 17-Authorized an issue of NOTES of the fractional part of one dollar, receivable in payment of all dues, except customs, less than five dollars, and exchangeable for United States notes in sums not less than five dollars. Amount of issue not specified.

1863, January 17-Authorized the issue of $100,000,000 in United States NOTES for the immediate payment of the army and navy; such notes to be a part of the amount provided for in any bill that may hereafter be passed by this Congress. The amount in this resolution is included in act of March 3, 1863.

March 3-Authorized a LOAN of $300,000,000 for this and $600,000,000 for the next fiscal year, for which could be issued bonds running not less than ten nor more than forty years, principal and interest payable in coin, bearing interest at a rate not exceeding 6 per cent. per annum, payable on bonds not exceeding $100, annually, and on all others semi-annually. And TREASURY NOTES (to the amount of $400,000,000) not exceeding three years to run, with interest at not over 6 per cent. per annum, principal and interest payable in lawful money, which may be made a legal tender for their face value, excluding interest, or convertible into United States notes. And a further issue of $150,000,000 in United States NOTES for the purpose of converting the Treas ury notes which may be issued under this act, and for no other purpose. And a further issue, if necessary, for the payment of the army and navy, and other creditors of the Government, of $150,000,000 in United States NOTES, which amount includes the $100,000,000 authorized by the joint resolution of Congress, January 17, 1863. The whole amount of bonds, treasury notes, and United States notes issued under this act not to exceed the sum of $900,000,000.

March 3-Authorized an issue not exceeding $50,000,000 in FRACTIONAL CURRENCY, (in lieu of postage or other stamps,) exchangeable for United States notes in sums not less than three dollars, and receivable for any dues to the United States less than five dollars, except duties on imports. The whole amount issued, including postage and other stamps issued as currency, not to exceed $50,000,000. Authority was given to prepare it in the Treasury Department, under the supervision of the Secretary.

1861, March 3-Authorized, in lieu of so much of the loan of March 3, 1863, a LOAN of $200,000,000 for the current fiscal year, for which may be issued bonds redeemable after five and within forty years, principal aud interest payable in coin, bearing interest at a rate not exceeding 6 per cent. per annum, payable annually on bonds not over $100, and on all others semi-annually. These bonds to be exempt from taxation by or under State or municipal authority.

1864, June 30-Authorized a LOAN of $400,000,000, for which may be issued bonds, redeemable after five nor more than thirty years, or if deemed expedient, made payable at any period not more than forty years from date-interest not exceeding six per cent. semi-annually, in coin. Secre. tary of the Treasury is authorized to dispose of these bonds,

Baxter, Boutwell, Boyd, Cobb, Cole, Creswell, Dawes, Dem-
ing, Dixon, Driggs, Eckley, Eliot, Garfield, Gooch, Higby,
Hooper, Hotchkiss, J. H. Hubbard, Ingersoll, Jenckes,
Julian, Kelley, Longyear, McClurg, Moorhead, Morrill, D.
Morris, Leonard Myers, Norton, Charles O'Neill, Perham,
Alexander H. Rice, John H. Rice, Edward H. Rollins,
Schenck, Shannon, Sloan, Smith, Smithers, Francis Thomas,
Tracy, Upson, Ellihu B. Washburne, William B. Washburn,
Webster, Wilder, Wilson, Windom, Woodbridge-53.
NAYS-Messrs. Ancona, Baily, Bliss, Brooks, Chanler,
Coffroth, Cox, Dawson, Denison, Eden, Edgerton, Eldridge,
English, Ganson, Ilarding, Benjamin G. Harris, Charles M.
Harris, Hutchins, William Johnson, Kernan, Knapp, Law,
Lazear, Le Blond, Littlejohn, Long, Marcy, Middleton, Wm.
O'Neill, Pendleton, Pruyn, Samuel J. Randall, Robinson,
H. Miller, James R. Morris, Morrison, Noble, Odell, John
James S. Rollins, Ross, Scofield, John B. Steele, William
G. Steele, Stevens, Stiles, Sweat, Ward, Williams, Winfield

-49.

Seventy-eight absentees.

or any part, and of the remainder of the five-twenties, in the United States or in Europe, on such ternis as he may deem most advisable, for lawful money of the United States, or, at his discretion, for Treasury notes, certificates of indebtedness, or certificates of deposit issued under any act of Congress. And all bonds, Treasury notes, and other obligations of the United States shall be exempt from taxation by or under State or municipal authority. In lieu of an equal amount of bonds, not exceeding $200,000,000, the Secretary is authorized to issue Treasury notes of not less than $10, payable at any time not exceeding three years, or, if thought expedient, redeemable at any time after three years, at an interest not exceeding seven and three tenths per cent., payable in lawful money at maturity, or, at the discretion of the Secretary, semi-annually. And the said Treasury notes may be disposed of by the Secretary of the Treasury, on the best terms that can be obtained, for lawful money; and such of them as shall be made payable, principal and interest, at maturity, shall be a legal tender to the same extent as United States notes for their face value, excluding interest, and may be paid to any creditor of the United States at their face value, excluding interest, or to any creditor willing to receive them at par, including interest; and any Treasury notes issued under the authority of this act may be made convertible, at the discretion of the Secretary of the Treasury, into any bonds issued under the authority of this act. And the Secretary of the Treasury may redeem and cause to be cancelled and destroyed any Treasury notes or United States notes heretofore issued under authority of previous acts of Congress, and substitute, in lien thereof, an equal amount of Treasury notes such as are authorized by this act, or of other United States notes: Pro-ardson, Riddle, Saulsbury—7. rided, That the total amount of bonds and Treasury notes authorized by the first and second sections of this act shall not exceed $100,000,000 in addition to the amounts heretofore issued; nor shall the total amount of United States notes, issued or to be issued, ever exceed $400,000,000, and such additional sum, not exceeding $50,000,000, as may be temporarily required for the redemption of temporary loan; Dor shall any Treasury note bearing interest, issued under this act, be a legal tender in payment or redemption of any notes issued by any bank, banking association, or banker, calculated or intended to circulate as money.

SEC. 3. That the interest on all bonds heretofore issued, payable annually, may be paid semi-annually; and in lieu of such bonds authorized to be issued, the Secretary of the Treasury may issue bonds bearing interest payable semiannually. And he may also issue in exchange for Treasury notes heretofore issued bearing seven and three-tenths per centum interest, besides the six per cent honds heretofore authorized, like bonds of all the denominations in which said Treasury notes have been issued; and the interest on such Treasury notes after maturity shall be paid in lawful money, and they may be exchanged for such bonds at any time within three months from the date of notice of redemption by the Secretary of the Treasury, after which the interest on such Treasury notes shall cease. And so much of the law approved March 3, 1864, as limits the loan authorized therein to the current fiscal year, is hereby repealed; and the authority of the Secretary of the Treasury to borrow money and issue therefor bonds or notes conferred by the first section of the act of March 3, 1863, entitled "An act to provide ways and means for the support of the Government," shall cease on and after the passage of this act, except so far as it may effect [affect] $75,000,000 of bonds already advertised.

SPECIAL WAR INCOME TAX.

Resolved, &c., That, in addition to the income duty already imposed by law, there shall be levied, aasessed, and collected on the first day of October eighteen hundred and sixty-four, a special income duty upon the gains, profits, or income for the year ending the thirty-first day of December next preceding the time herein named, by levying, asBessing, and collecting said duty of all persons residing within the United States, or of citizens of the United States residing abroad, at the rate of five per centum on all sums exceeding six hundred dollars, and the same shall be levied, assessed, estimated, and collected, except as to the rates, according to the provisions of existing laws for the collection of an income duty, annually, where not inapplicable hereto; and the Secretary of the Treasury is hereby authorized to make such rules and regulations as to time and mode, or other matters, to enforce the collection of the special income duty herein provided for, as may be necessary: Provided, That in estimating the annual gains, profits, or income, as aforesaid, for the foregoing special income luty, no deductions shall be made for dividends or interest eceived from any association, corporation, or company, nor thall any deduction be made for any salary or pay received. This resolution passed the House, July 4-feas 53, nays 49, as follows:

It passed the Senate same day-yeas 28, nay 7, as follows:

little, Foot, Foster, Hale, Harlan, Harris, Hicks, Howe, YEAS-Messrs. Anthony, Clark, Conness, Cowan, DooJohnson, Lane of Indiana, Lace of Kansas, McDougall, Mor gan, Morrill, Pomeroy, Ramsey, Sherman, Sumner, Ten Eyck, Trumbull, Van Winkle, Wilkinson, Willey, Wilson NAYS-Messrs. Buckalew, Carlile, Davis, Powell, Rich

-28.

"Legal Tenders."

Second Session, Thirty-Seventh Congress. 1862, Feb. 6--The House came to a vote on two propositions for the issue of $150,000,000 in Treasury notes.

The one, for notes without interest, and deshould be in lieu of so many of the "Demand nomination not below $5-of which $50,000,000 notes"-to be receivable for all duties, imposts, excises, debts, and demands of every kind due to the United States, and all salaries, &c., from the United States, "and shall also be lawful money, and a legal tender in payment of all debts, public and private, within the United States," to be exchangeable for twenty year six per cent. bonds, interest payable semi-annually, or five year seven per cent. bonds with interest payable semi-annually in coin. Such United States notes to be received the same as coin in payment for loans. Five hundred millions of bonds authorized, payable after twenty years, at six per cent. interest payable semi-anuually.

The other, offered as an amendment, authorized $100,000 of Treasury notes at 3.65 per cent. per annum, payable in two years, to be receivable for all public dues except duties on imports, and for all salaries, debts, and demands owing by the United States to individ uals, corporations, and associations within the United States, at the option of such individuals, corporations, and associations, exchangeable for 7.30 bonds with interest payable semiannually in coin, and receivable the same as coin in payment of loans. $500,000,000 of bonds authorized-$200,000,000 at 7:30 interest payable semi-annually in coin, and redeemable after ten years, and $300,000,000, redeem. able after twenty-four years, at 6 per cent., payable semi-annually in coin.

The latter was rejected-yeas 55, nays 95, as follows:

YEAS-Messrs. Ancona. Baxter, Biddle, George H. Browne, William G. Brown, Cobb, Frederick A. Conkling, Roscoe Conking, Conway, Corning, Cox, Cravens Crisfield, Crit YEAS-Mess18. Alley, Allison, Ames, Isaac N. Arnold, Holman, Horton, Johnson, Law, Lazear, Lovejoy, May, tenden, Diven, Eliot, English, Goodwin, Grider, Harding,

Menzies, Justin S. Morrill, Morris, Nixon, Noble, Norton, Nugen, Odell, Pendleton, Perry, Pomeroy, Porter, Edward H. Rollins, Sedgwick, Sheffield, Shiel, William G. Steele, Stratton, Benjamin F. Thomas, Francis Thomas, Train, Vallandigham, Wadsworth, E P. Walton, Ward, Webster, Chilton A. White, Wright-55.

NATS-Messrs. Aldrich, Alley, Arnold, Ashley, Babbitt, Goldsmith F. Bailey, Joseph Baily. Baker, Beaman, Bingham, Francis P. Blair, Jacob B. Blair, Samuel S. Blair, Blake, Buffinton, Burnham, Campbell, Chamberlain, Clark, Colfax, Cutler, Davis, Delano, Delaplaine, Duell, Dunlap, Dunn, Edgerton, Edwards, Ely, Fenton, Fessenden, Fisher, Franchot, Frank, Gooch, Granger, Gurley, Haight, Hale, Hanchett, Harrison, Hickman, Hooper, Hutchins, Julian, Kelley, Francis W. Kellogg, William Kellogg, Killinger, Knapp, Lansing, Leary, Loomis, McKean, McKnight, McPherson, Marston, Maynard, Mitchell, Moorhead, Anson P. Morrill, Olin, Patton, Timothy G. Phelps, Pike, Price, Alexander H. Rice, John H. Rice, Richardson, James S. Rollins, Sargent, Shanks, Shellabarger, Sherman, Sloan, Spaulding, John B. Steele, Stevens, Trimble, Trowbridge, Upton, Van Horn, Van Valkenburgh, Van Wyck, Verree, Wall, Wallace, Charles W. Walton, Whaley, Albert S. White, Wickliffe, Wilson, Windom, Worcester-95.

The affirmative vote on the passage of the former was the same as the negative on the amendment except that Messrs. W. G. Brown and Crittenden, who voted aye on the amendment, did not vote on the passage of the bill; Messrs. Dunlap, Knapp, Richardson, and Wickliffe, who voted nay on the amendment, voted nay on the passage; Messrs. Mallory, Robinson, and Voorhees, who did not vote on the amendment, voted nay on the passage; Mr. Nugen, who voted aye on the amendment, voted aye on the passage; and Messrs. Dunn and Riddle, who did not vote on the amendment, voted aye on the passage.

IN SENATE.

February 12-The Committee of Finance recommended instead of making these notes receivable for all demands due to, and all demands owing by, the United States, this substitute:

And such notos herein authorized shall be receivable in payment of all public dues and demands of every description, and of all claims and demands against the United States of every kind whatsoever, except for interest upon bonds and notes, which shall be paid in coin.

Mr. SHERMAN moved to include with these notes, "the notes authorized by the act of July 17, 1861;" which was agreed to.

The amendment as amended was agreed to. Feb. 13-Mr. COLLAMER moved to strike out these words:

And such notes herein authorized and the notes authorized by the act of July 17, 1861, shall be receivable in payment of all public dues and demands of every description, and of all claims and demands against the United States of every kind whatsoever, except for interest upon bonds and notes, which shall be paid in coin, and shall also be lawful money and a legal tender in payment of all debts, public and private, within the United States, except interest as aforesaid.

Which was rejected-yeas 17, nays 22, as follows:

YEAS-Messrs. Anthony, Bayard, Collamer, Cowan, Fessenden, Foot, Foster, Kennedy, King, Latham, Nesmith, Pearce, Powell, Saulsbury, Simmons, Thomson, Willey-17. NAYS-Messrs. Chandler, Clark, Davis, Dixon, Doolittle, Harlan, Harris, Henderson, Howard, Howe, Lane of Indiana, McDougall, Morrill, Pomeroy, Rice, Sherman, Sumner, Ten Eyck, Wade, Wilkinson, Wilson of Massachusetts, Wilson of Missouri-22.

Mr. DOOLITTLE moved to amend the bill so as to make the notes a legal tender "in payment of all public debts, and all private debts hereafter contracted within the United States;" which was rejected without a division.

Mr. KING offered an amendment, proposing,

among other things, to strike out the legal tender clause; but it was rejected without a division.

The bill was then passed-yeas 30, nays 7, as follows:

YEAS-Messrs. Anthony, Chandler, Clark, Davis, Dixon, Doolittle, Fessenden, Foot, Foster, Grimes, Hale, Harlan, Harris, Henderson, Howard, Howe, Lane of Indiana, Latham, McDougall, Morrill, Pomeroy, Rice, Sherman, Sumner, Ten Eyck, Trumbull, Wade, Wilkinson, Wilson of Massachusetts, Wilson of Missouri-30.

NAYS-Messrs. Collamer, Cowan, Kennedy, King, Pearce, Powell, Saulsbury-7.

Feb. 20-In the House, the question being on concurring in the amendment of the Senate making the interest upon bonds and notes payable in coin,

Mr. STEVENS moved to include also "payments to officers, soldiers, and sailors, in the Army and Navy of the United States, and for all supplies purchased for the said Government;" which was rejected-yeas 67, nays 72.

The amendment of the Senate, making interest payable in coin was then concurred in—yeas 88, nays 55, as follows:

Biddle, Jacob B. Blair, George H. Browne, William G. Brown, Burnham, Calvert, Clements, Cobb, Frederick A. Conkling, Roscoe Conkling, Conway, Covode, Coz, Cravens, Crittenden, Diven, Dunlap, Dunn, Eliot, English, Goodwin, Grider, Gurley, Haight, Hall, Harding, Holman, Horton, Johnson, Kelley, Knapp, Law, Leary, Lehman, Loomis, Lovejoy, McKnight, Mallory, May, Menzies, Justin S. Morrill, Nixon, Noble, Norton, Nugen, Odell, Patton, Pendleton, Perry, Timothy G. Phelps, Pike, Pomeroy, Alexander H. Rice, Riddle, Robinson, Edward H. Rollins, James S. Rollins, Sargent, Sedgwick, Sheffield, Sherman, Shiel, Smith, John B. Steele, William G. Steele, Stratton, Benjamin F. Thomas, Francis Thomas, Train, Trimble, Vallundigham, Vibbard, Voorhees, Charles W. Walton, E. P. Walton, Ward, Washburne, Webster, Whaley, Wheeler, Wickliffe, Woodruff, Wright-88.

YEAS-Messrs. Ancona, Arnold, Ashley, Baxter, Beaman,

NAYS Messrs. Aldrich, Alley, Babbit, Joseph Baily, Baker, Bingham, Francis P. Blair, Samuel S. Blair, Blake, Buffin ton, Campbell, Chamberlain, Clark, Davis, Dawes, Duell, Edwards, Ely, Fenton, Fessenden, Fisher, Franchot, Frank, Granger, Hale, Hanchett, Harrison, Hickman, Hooper, Julian, William Kellogg, Killinger, Lansing, McPherson, Marston, Maynard, Moorhead, Anson P. Morrill, Noell, Olin, John H. Rice, Shanks, Sloan, Spaulding, Stevens, Trowbridge, Van Horn, Van Valkenburgh, Verree, Wall, Wallace, Albert S. White, Wilson, Windom, Worcester-55.

Other amendments were non-concurred in, and a Committee of Conference agreed upon the bill as it became a law.

One feature of this report was to provide that the Treasury notes issued under the bill should not be a legal tender in payment of duties, and the duties on imports, made payable in coin, should be pledged for the payment of interest on the bonds.

The report was agreed to in the House-yeas 98, nays 22. The NAYS were

Messrs. Baker, Biddle, Buffinton, Cor, Edwards, English, Haight, Hooper, Johnson, Justin S. Morrill, Odell, Pendleton, Perry, Pike, Robinson, Sheffield, William G. Steele, Van Wyck, Voorhees, Wickliffe, Wood, Woodruff-22.

The Senate concurred without a division. While this question was pending before the Committee of Ways and Means, the Secretary of the Treasury, Mr. CHASE, addressed them a letter, from which this is an extract:

TREASURY DEPARTMENT, January 29, 1862. SIR: I have the honor to acknowledge the receipt of a

resolution of the Committee of Ways and Means, referring me to House bill No. 210, and requesting my opinion as to the propriety and necessity of its immediate passage by Congress.

The condition of the Treasury certainly renders immedi ate action on the subject of affording provision for the e

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