New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-04-04
THE LATEST NEWS,
MAGNETIC TELEGRAPH.
From Washington.
RECEIVED BY

upon the ground that better terms could DC Oh.
tanned for the Government than had been offered
below that mark. which could not be dlsregarded
in the face of the discretion conferred by law,
enabling him to declare unacceptable bids, and
to substitute Treasury Notes. 1t is PROBABLE that
the latter alternative will 10 adopted, as the i'm
mediate wants of the Department have been sup
Piled by the three utilieos of accepted bids. No
formal decision has, however, been announced,
and the Secretary holds it in reserve for future
consideration. The right to decline offers which
are not satisfactory, enables him to resist the
combinations which have heretofore comparatively
paralyzed the Government, when the aid OF
capital was most required. The disappointed
bidders, who proposed within fraction OF "a,
dislike being excluded, but the public are salts
fed that their interests have been better pro-
tected than ever before
Numbers of kilograms were received at the
Department after the result was understood,
offering to take the remaining S5,OOO,OOO at "a,
or fraction over it. These came manly from
parties who had failed in their calculations.
The Secretary decided they were all too late,
and could not be considered as q compliance
with his advertisement. Hereafter the bidding
for Government loans will probably be concen-
trated within closer margin.
The whole arrangement Of this business, the
dispatch which attended it, and the facilities
extended TO everybody, have been unusually CON-
mended, and exhibit the infusion of that energy,
directness and good faith into the Department
81 home
abroad. Mr.. Chase personally superinteDded the
matter, and was efficiently aided by Mr.. Har-
rinpton his able Assistant-Sec Over $50
10 tiers were written after the closing OF the bids
Yesterday afternoon, and mailed this morning be-
fore the departure of the first train, pouches
having been expressly prepared and kept open
for the purpose. Every bidder was notified Of
the result in bis individual case, and all the
Sub.Treasurers and other public officers received
their instructions simultaneously to return or re-
tain the deposits which had been made. This
work required the presence OF the Secretary,
his assistant aud the principal clerks throughout
most of the night. But it was finished before
the Department closed. Perhaps there is no
other such instance of dispatch in our history.
THE TREASURY DEPARTMENT.
The greatest pains have been taken 10 satisfy
the important interests which have constant re-
lations with the Treasury, and although the out
side political pressure is greater than ever before
witnessed, still the business has gone on syste-
matically and successfully, without interruption.
1t has been accomplished by hard labor and
persistent purpose to leave no duty neglected, no
matter what personal inconvenience might be
required for the purpose.
All cases brought before the Department nre
decided promptly. Those of the ships Bienville
and Restless, involving principles affecting the re-
lations of trade, were at once decided, notwith-
standing the rush; and, az they were likely to
DO treated as precedents hereafter, all suoordi-
nate subjects were put aside until they could be
thoroughly investigated and concluded. These
are some of the reasons why the bidding for the
loan was so active, and the price obtained 80
much better than the last. The Administration
has made successful start in impressing the
public mind with confidence in the Treasury.
THE OTHER DEPARTMENTS.
All the other heads of departments are labor
ing zealously to introduce valuable reforms. MIR.
Seward is occupied at his Office from 8 to . or
daily, and often returns at night
THE PRINCIPAL CITY APPOINTMENTS.
All the applications for the principal cities have
been examined and regularly filed at the Treas
ury, and DOW only wait the pleasure Of the
President in calling them up. There is no GER
tainty in what order they will be considered, or
when. There are graver matters engaging atten-
ton at this time, which must supersede those Of
Office.
THE PENNSYLVANIA APPOINTMENTS.
Gov. Curtin, Mr.. Mcclure, and other prOmi-
nent citizens of Pennsylvania are now here con-
ferriDg as to the appointments for that State,
but have received no assurance that they will be
taken up immediately. Until the California and
hardly New-York cases are disposed Of they will
be touched.
ARMY AND NAVY RESERVATIONS.
Although many of the Southern officers in the
Army and Navy have doubtless resigned from
sympathy with Secession, there is another class,
possessing wealth in the Cotton States, who have
retired in order to save their estates from con-
fscaton, which has been openly threatened.
Terrorism has had much to do with this business.
SECESSION IN VIRGINIA.
In order to advance disunion in Virginia.
majority of the proprietos of Tho Richmond
Wig have determined to change its policy, and
advocate Secession, substantially in opposition
TO the conservative course which Mr.. Rdgeway
has heretofore courageously pursued. Being
voted down and out, new paper will be imme.
diately started under his auspices, intended to
assert the same principles even more defanty