, 1861-12-28
IMPORTANT FROM CANADA.
Il Furry in the n. 7. Stock Market.
The Trent Affair Adjusted.


WASHINGTON, Dec. n, 1851. |
When the America sailed it was rumorcd in |
London and Paris that the allied squadrons Of |
France and England in the Pacific had re-
ceiyed orders to ponncc upon the golden
prize, California, at the earliest intelligence
Of IN outbreak Of hostilities.
It is understood that Seward told Lyons he
Should require some time to prepare reply to
lis dispatch
-Four flag officers, Captains Dupont, Colds
borough, Mexican, and Bell, in the Pacific,
who were retired By the operation Of the ueW
naval bill, will be reappointed.
The following is q brief synopsis Of the act
to authorize national currency, secured by
hypothccation Of United States Stocks, andto
provide for tho circulation and redemption
thereof, prepared by the Committee Of Ways
and Means, and to be introduced into the
House.
It provides frat for United States Bank De-
partment in the Treasury building, with
Bank Comptroller to be appointed by the
President and Senate, with q salary Of s., 600,
| to have general charge and supervision orer
all banking operations under the act.
| It provides for Issuing circulating notes in
| the similitude Of bank notes, to he counter
! signed and registered in the Bank Department,
| to be stamped on their face "Secured by a
| pledge Of United States Stocks, and rcceiva-
bic for all dues to and from the United States
except duties on imports, and made legal ten
der for these purposes
AL existing banks III all States and Terri
tories of the United States may elect or not
to avail themselves Of the benefits of this na-
tional currency on complying with the pro-
visions Of the act.
New banks may be formed by any number
Of persons under Its provisions, with capital
Of 100000 OF moro, to circulate this currency
and carry On a general banking business in
any part Of the United States.
all banks issuing national currency arc re-
quired to keep constantly on hand twenty five
per cent. Of their outstanding circulating
notes in specie to secure the prompt redcmp-
tion of the same.
Stockholders are made individually liable for
the debts Of the bank.to the amount Of their
stock.
Banks organized under this act are to have a
seal, may sue and be sued in all courts, and
may make all bylaws necessary to carry on
their business.
Banks under the act are to make quarterly
reports to the Bank Comptroller, who is an
nuauy to report to Congress.
If banks fail to redeem their bills and be
come inso1yent, the securities in the hands O
thc Bank Comptroller may be sold at public
auction and the blll~holders first paid.
| Insolycnt banks are to have Receiver ap
pointed, and be wound up By order Of th'
court.
, Frauds and counterfeiting are CAREFUL.
guarded against. This bill will, the Commit
tee believe, create 4 large demand for unitcs
States Stocks to be issued for banking put
poses. The bills issued on a hypothecatio1
Of these stocks will have the faith OF the Gov
ern1uent pledged to tl,at extent for their re
denlption-
= These bills are to be receivable for taze
and all other public dues to the Government
and for all salaries, and for Ill other debt
and demands due from the United States fo
J. services rendered, and for supplies and M
: teriaIs furnished. The banks issuing this n:
+ tional currency are made liable for its rcdcmI
,, ton, and the stockholders are made liable fe
It.
~ The bi1l-holders have IS security: Fir:
~ the United States Stocks deposited with II
y BanE Comptroller; second the liability Of tt
t bunk issuing bills; third the personal fabil
nf ties of the stockholders Of the bank to 4
nj amount equal to their stock; md it is tht
" thought to constitute 8 very safe and secul
t. currency for circulation among the people,
st pay the army, and Ill other extraordina
I'd expenses Of The VAT
b. McCa1l's official report Of the battle
" Drainsyille sets our loss at seven killed a,
cn sixty-onc wounded, aud three missing. e
a. enemy left ninety bodies on the field, besid
nd q number carried away, and seven taken pr
II. oners4
r Gen. Rosecrans IS here to bring charg
he against Gen. Benhaua; first, that he permit
Floyd to escape; second that he disobey
bis superior officer; third, TINT be was gull
aat Of conduct upbccoming an officer and g
IL" tlemen.
Iae Minister Webb writes that the Brazilli
IT, Government is favorable to us, notwithsta1
10 ing Indications on the coast Of rebel sym
ao' thy, which are in direct violation Of instr
oa- tons.
There are 200 charred horses still lying
!o1. the burned stables near the Observatory.