Mr. Sumner asked, and by unanimous consent obtained, leave to bring in the following joint resolution, which was read twice, referred to the Committee on the Judiciary, and ordered to be printed.
Joint Resolution proposing an Amendment to the Constitution of the United States for the protection of the National Debt and the rejection of any Rebel Debt.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, (two thirds of both Houses concurring,) That the following Article be proposed to the Legislatures of the several States as an Amendment to the Constitution of the United States, which, when ratified by three fourths of such Legislatures, shall be valid to all intents and purposes as part of the Constitution, namely:—
Article —.
Section 1. The national debt is hereby declared to be of paramount obligation, to which the faith of the nation is pledged; and Congress shall not, at any time, do anything, directly or indirectly, to impair this obligation in any part, but shall in all ways maintain it in full force and virtue.
Section 2. Debts and liabilities incurred in aid of rebellion are without any just consideration, and void; and no tax, duty, or impost shall be laid, nor shall any appropriation of money be made by the United States, or by any one of the States, or by any county, town, or corporation therein, for the payment of any such debt or liability, or any part thereof.
June 20th, Mr. Trumbull, of Illinois, from the Committee on the Judiciary, reported this to the Senate, with the recommendation that it be indefinitely postponed, and it was so postponed. Meanwhile both Houses had adopted the Fourteenth Constitutional Amendment, reported by the Joint Select Committee on Reconstruction, which contains a kindred proposition.