Posted on 01/11/2025 6:36:51 AM PST by Homer_J_Simpson
Special Dispatches to the New-York Times
WASHINGTON, Tuesday, Jan. 10.
MR. FESSENDEN's LETTER.
Secretary FESSENDEN to-day communicated his letter to the Committee of Ways and Means. As we intimated, in our dispatches of last evening, he asked for a modification of the present law to enable him to issue two hundred millions more of seven-thirty bonds. The committee postponed its consideration until to-morrow, when it will probably be reported immediately back and put upon its passage, as the Secretary indicates that speedy action should be taken upon it.
THE CONSTITUTIONAL AMENDMENT.
The vote on the constitutional amendment will be postponed for several days, in order to give the subject a full and fair discussion,
THE REVENUE LAW.
The Committee had before them for upwards of an hour, Mr. ORTON, Revenue Officer from New-York. He laid before the Committee some very interesting and important matters connected with the present revenue law. He showed conclusively that by the proper administration of the present law, the Government would derive all the revenue necessary from that source without an increase of taxation.
THE TOBACCO TAX.
Additional tobacco delegations were heard to-day by the Committee.
THE STEAMSHIP IDAHO.
The House Committee on Naval Affairs to-day authorized the chairman to report a bill instructing the Secretary of the Navy to pay to Mr. FORDES, of New-York, two hundred and fifty thousand dollars out of the reserve funds of the navy, for the completion of the steam sloop-of-war Idaho. It appears that the contract for this vessel was given before the rise in material, and alterations since adopted by the Navy Department in the construction of the vessel, rendered this additional compensation just.
OFFICERS IN HANCOCK's CORPS
The following additional appointments of officers have been made in Gen. HANCOCK's new corps: Major, Geo. H. Otis, Captains
(Excerpt) Read more at nytimes.com ...
First session: November 21, 2015. Last date to add: May 2025.
Reading: Self-assigned. Recommendations made and welcomed.
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From Washington: Financial Measures of Secretary Fessenden – 2
The Thirty-Eighth Congress: Second Session – 2-3
Maj.-Gen. B.F. Butler: His Removal from Command – 3
The Last Peace Sensation: Spicy Comments of the Richmond Journals – 3-4
The Rebels Getting More of the Truth – 4
Editorial: The Great Military Choice – 4-5
Editorial: Crime in New-York – What Shall be Done? – 5
The New-York Underground Railway – 5
Fine Arts: A New Fruit Piece by Robie – 5
7 30 numbers mean what
“Three year Treasury Notes bearing interest at a rate of 7.30% (seven-thirty) were first authorized by the Act of July 17, 1861 to help finance the Civil War.”
https://en.wikipedia.org/wiki/Treasury_Note_(19th_century)
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