Mr. BAKER. Mr. Speaker, Ihad intended to content myself with asilent vote against this bill, and now I am only prompted to the brief remarks I shall make by my very strong impression that the proposed measure will be mischievous instead) of beneficial to the count. I admit there are several subjects with “IV hickI am more familiar than I am with questions of finance; but then I have observed that there are some threads of truth so long that they run through all subjects, showing the kin ship of all things; and these threads of truth, or general principles as I mightbetter say, are open to the common observation of mankind. Difiidently, therefore, yet not wholly withouta sense of sure footing, I will venture afew brief and general observations on the question before the House. In the 1st place I will an that, in my opinion, there are elements in the question before us which are not amenable to mathematical estimation, nor soluble by any exact reckonings of past experience; large general facts, lying broadly on the face of things as they now are and are becoming. These elements, addressing themselves as they do more to the intuitive judgmentthan to em irical experience, ought by all means to be du yconsidered. Let us glance at some of them. 1. As to the quantity of circulating medium which we really need for the healthy busmcss enue laws, pursuant to the act of 1865, for the 1Iuses of the country, I will venture toaflirm 1118 FIELD and Mr. LYNCH addressed thatquantity ought to bear a just proportion not only to the amount of our business and the number of our people, but also to the magnitude of our territory and the average sparseness of our pepulation. I stop not to explain. The general reason is thata circulating medium moving in longcircuits and with the same speed will not touch the same point so often as if the circuit be shorter. The telegraph and exchange lessen but do not by any means obliterate this element. Hence inferences from compact populations like those of France and GreatBritain. will not accurately apply to a similar industrial population spread over the immense area of this Republic, extending from the eastern to the western sea, and from the northern line to the Keys of Florida. We need relatively more money. 2. There are 8 or 10 millions of our people left by the exhaustion of the rebellion with very little money I allude, of course, to the southern States. The people of these States, white and block, have not nearly the requisite amount of money. When this great vacuum shall be supplied, as I hope it speedily may be, the tendenc will be to relieve any plethora existin in the North. 3. the emancipated career upon which the Republic now enters, the larger iberty and the consequent greater vitality of every branch of industry, will lead to th ready and healthy appropriation of much more money than we needed heretofore. 4. I understand it to be a fact, considering all markets and looking over the country comprehensively, that prices during the year now past have dually lowered. 6. I an erstnnd itto be a fact that gold during the year now ast hasgradually come down, or, in other wor s, that greenbacks have grad ually risen in value. 6. I understand it to be a fact that there is no money in the West that cannot be readily loaned at 10%., showing, or at least tending to show, that the supply is not superabundant. These are some of the general elements of the question before us; and every gentleman will appreciate their hearing without one word of comment. But, sir, if coptraction is necessary, do so either by commencing with the national banks Or by applying a portion of our surplus revenue to retiring the greenbacks. I cannot and will not, as at present advised, consent to the taking up of the greenbacks and the substitution of interest paying bonds in their stead, thus adding largely to our interest bearin debt and consequently adding to the taxation evied on the labor of the country. Sir, the labor of this country, in the last analysis and when you get to the bottom of the matter, is charged with the pament of ourgreat national debt. The capita “st hands over to the tax gatherer money that was 1st made and placed in his collers by the hard hand of labor. I repeat it, the labor of the country carries the burden of the national debt; and I will not on this occasion add to that burden by increasing the tax paying debt of the people while taking from them a better money to make room for a worse one. Sir, I very determinedly vote against the bill.