Mr. GUTHRIE. I hope that the amendment to the amendment will not be adopted. The national bank notes are receivable in y ment of the internal taxes and all public ues except on imported goods, and they are bound to redeem those notes in coin or legal currency. It was the intention, as I understand, of those who made the national bunks, through them, to prepare the country for a return to specie payments. It is in the ower of the SecyTreasury, as this money is deposited in the local depositaries. to return it to the banks for legal tender notes or specie. After returning all that is received, he Will get the legal tender notes. Under the scheme of the Gentfrom Iowa, he throws the bur den of returning or exchanging upon the collectors. It is within the power oft e SecyTreasury to have them returned. I have great confidence in the SecyTreasury;I believe that he intends to do right. I believe that he is honest in his purposes. I know that he must have a considerable amount of money at his command in advance in order to meet the public dues. I know that sometimes it is convenient, when payments are to be made in the West, to have money in the West to draw upon; and when payments are to be made in the North to have money in the North to draw upon. We used to keep money in NewYork; we used to keep it at StLouis; and we kept it at Boston, and in all places where there were national sub Treas uries, and we kept it in the customhouses and in the land offices; and thus, where it was convenient to a party to receive his money, we were able to draw for it at that place. It was the intention, through the national bank system, which is no favorite of mine, to reduce the currency and to bring their notes y to the standard of legal tenders or specie as l quickly as possible, and through their aid and assistance. It is capable of being so used now, and in 6 or 8 months we should have, under the proper organization of that Dept, a currency nearly equal to gold. It would not bem polio to redeem any portion of the greenbacIrs or egal tender notes, as they are termed, eXcep‘athe compound interest notes, while they could be obtained by exchanging the national bank notes for them. I think it is proper to consider the agency that was in tended and that these banks are capable of affording in bringin us back to a sound currency with a reduce paper circulation. I am as much Oppose to lending the public money to public depoaitaries as anybody else. I think it ought not to be lent or put out and allowed to stay where it can be banked upon. These bankers seek their own interest, and they induce men who have large sums of money to disburse for the Government to deposit with them by offering interest for the sake of making the difference. That is another great evil which we have remedied by legislation, for we have prohibited disbursing officers from so depositing the public money. I think that hastil, upon an amendment of this kind, we ought not to agree to the radical change that is proposed.