Mr. SHERMAN. I wish to submit to the Senate whether, as a business proposition, it is wise to adopt aprovision of this kind, changin the existing law, without the examination 0 any committee; a proposition that.has never received the sanction of any committee; a proposition that is opposed, so far as I know, by every officer connected with the Government of the U.S.; approposition that will tie up the hands of the Government of the U.S. in negotiating loans, which will comcl every collector to deposit every night in U.S. notes every dollar of money he receives into the sub Treasury, which will require every collector in the city of NewYork to go into the neighborhood of the Park every night to deosit money with the sub Treasurer, and then 0 must convert certified checks into U.S. notes, because money cannot be received in other form at the sub '1reasury. I ask whether it is wise at this stage of the session to encumber a bill of an important practical character with a provision not yet ully discussed and matured. If it is possible to apply the sub Treasury system to the U.S. when we are collecting internalrevenue, I do not believe any officer of the Government is ever so safe; but it has never been done, and it cannot be done as a practical measure. The sub Treasury system is a wise andjudicious one. If we were collecting only at the ports, and gold and silver were the money used, it would naturally go into the sub Treasury; butwhen money is collected as it is now by the collectors ofin ternal revenue, partly in national currency, partly in U.S. notes, partly in certified checks, partly in drafts, flowing in almost every form, Fask is it wise, without reflection, without any examination by a committee, to require the collectors of internalrevenue under the sub Treasury act to deosit every night in the sub Treasury of the U.S. in the large cities, where the deposit can only he made in IU.S. notes? There is another consideration. We are negotiating loans every day. Those loans are mainly negotiated in the city of NewYork and in other large cities. Now, if this amendment passes the sub Treasurer, under the law, cannot receive a draft from the city of StLouis or the city of NewYork in pament of a loan because the law forbids it. lilo cannot receive the various kinds of commercial instruments that are used among the people to transmit money because the law forbids it. The law says that nothing shall be paid into the U.S. sub Trensur except U.S. notes or old and si ver coin. My friend, the Senfrom Maine, who was SecyTreasury, knows that when he attempted to negotiate loans under a different system he was constantly embarrassed. He found trouble and delay until eventually he was compelled, in the 1st instance, to use the national banks even in the cities where there were existing deposito ries, because the national banks could receive drafts; they could receive bank notes; they could receive certified checks and all the various forms ofcommercial instruments; and the some stringency was not required in depositing there that was required by the sub Treasury act. Now, I ask whether it is wise for the Senate to vote to encumber this bill with approposition so important as this, making so vital a change in the laws and in the customs of the Governmentagainst the wishes of those whoare charged with the execution of the law at this stage of the session? As a matter of course I have no feeling about it. If the Senate think it is wise to do so they can pass the amendment. I have done my duty in presenting these objections to It.