Evening star. [volume] (Washington, D.C.) 1854-1972, 1854-10-23

Of this so called bank, however, by no means
justifes the sslection of the District of Colum.
bia as point from whence to issue their
paper, by persons who are not holders Of real
estate here, and who have given the commu
nifty no earthly security fos tho redemption
Of their circulation, that may not be hunni.
fuggled out of the reach of the bill holder in
q moment Our fellow citizens will recollect
that at lee,. ninety per centum of all nominal
bank paper of the ams-kind issued Ia the
District of Columbia has. proved utterly worth.
less,- whom it became the Interest Of the bar
ties issuing it for their concerns to burst up
This has been the general rue. The excep-
tons, few and far between, have been the wind
ing up of such banks withoutloss to the corlmu
nifty. We nave never yet known the ns,.,napers
Of any such SCALED Jahk, here or elsewhere
who did not protest that their design " as not
TO Issue single dollar of their paper for
| which they did not have Oh. hand an equal
amount Of gold to redeem it,. Nor have We
ever known the managers of any such bank to
fail to violate this promise within convenient
time after they had managed, by hook or by
crook, to induce the public to receive their
issues freely, as money. These are facts, the
! truth of which the experience of every bust
ness man will guarantee. In the matter of
the getting up of such banks in our midst, We
have duty to perform to the community, from
"hich we will not shrink. We repeat, there
fore, our advice given a few days since, that
no such pretended money should be taken in
payment for real property or hard labor, there
being not the slightest security in the reach OF
the public to compel its eventual redemption
An Important Land Office Decision.-We
understand that the Commissioner of the
General Land Office has decided that entries
made under the graduation law of the 4th of
August last, are, not assignable until after
the patents may have been issued So, there
can be no speculation in entries made under
that law. A warrantee deed for such lands
before the patent has been issued, will be
worthless,
Increasing Farms under the Graduation
Law OF August 4th last.-In determining the
rights ard privileges granted by the Govern
mont Of the United States under the above
mentioned law, the General Land Office de-
cided that where one person owns two or three
farms, he can select land adjoining either or
nj of them for their improvement, under the
graduation law, provided the aggregate of his
selections, so made, does not 60 beyond the
whole quantity the said law allows him thus
to take up.
The Charge to Nicaragua Col. Wheeler
of North Carolina, the newly appointed United
States Charge to Nicaragua, expects to leave
Washington on Thursday next for Norfolk,
Virginia, where he and Mr. Fabens will take
passage On the Princeton for San Juan. The
steamer will sail Immediately after he reaches
her.
The Secretary Of the Interior and Post
master General are looked for to reach Wash
irgton this evening from their tour of inspec
ton fer the selection Of sites for the proposed
new United States post Offices and courts in
the cities Of New York, Boston, and Phil. Tai
phis.
The Current Operations Of the Treasury
Experimentation Saturday, tho 2lst of Oct,
there wore of Treasury Warrants entered on
tho books of the Department
For the redemption of stock...... $3,145 76
For the payment of Treasury debts 6l2 II
For tbs Customs. ..:............. 2S,9S0 70
Covered into the Treasury from
Customs. 800. ,617 So
Covered into tho Treasury frem
miscellaneous sources. ..:., 1902 70
aof the "er department. 1900. 1912 80
For re- paying for tho War Depart
ment, .................. 1872 80
Eof tne anterior department. 49, II IA 45
For repaying in the Interior De-
partment .............." GAS 90
For entering upon the books of the
treasury an appropriation for
the Interior Department by war