The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-12
NEWS FROM WASHINGTON.
WASHINGTON, June IL, 1862
THE ISSUE OF TREASURY NOTES.


THE ISSUE OF TREASURY NOTES.
The Secretary of the Treasury, in letter to the CON-
mittee of Ways and Means, says, under the law
500 900 demand notes receivable for customs have
been issued 500 900 goo in notes not receivable
The outstanding amount is therefore $3.50 o00 being
ths entire heretofore authorized by the existing
statutes. or this aggregate $50. 900 in demand
notes held by banks and capitalists and not
used as circulation, being held at a premium in
consequence OF their availability for customs. The
whole issue Of 500 900, 900 in demand notes may
thus be regarded as practically withdrawn from crcula
tion The limit OF temporary deposit is reached
and nothing further be expected from that source
It is therefore upon the conversion United States notes
into FIVE and twenty hundrsdths practically limited
to the 500 900 of legal tender notes. and from the
receipts from customs that the Treasury must mainly
depend under existing legislation for means 10 meet cur
rent expenditures. Hence the suggestion of the Secre
tary Of the Treasury for authority to Issue $3.50
legal tender notes If of not less denomination than five
dollars, In accordance with which the bill was to-day
reported from the Committee Of Ways and Means
There Is ground for tho report set afoat in Wall
street that the Secretary Of the Treasury or has been
engaged in private negotiations with New York parties for
the exchange of the 30100 for demand notes. or that
these negotiations were brought 70 an abrupt close BY
reports Washington Of dissatisfaction in Wall street
needed money than could be readily obtained from
the ordinary Of supply, and the Secretary
therefore accepted several offers Off three per cent pre-
miums in demand notes for the 100 bonds, amounting
altogether to two and quarter millions and having
obtained all the money required before the close Of the
week, he declined accepting any offers after Saturday
No Partially was shown to anybody. No offers made
during the week declined, and none made since
have been accepted The Secretary looked simply to the
public interest and satisfied with getting what money
he wanted with premium of three por his bonds,
after having been informed by Of tho most insli
gent Wall street nancers that he could reasonably
expect more than two.
COLLECTION OF TAXES IN INsURREcTIoNARY DIS
TRICTs. q
Tho Dill for the collection of direct taxes in the nsur
reconary districts has become law. It provides for
the sale Of real estate certain for this purpose
Where have abandoned their land to engage in
the rebellion and the shall have been struck or to
the United States at vendue the Commissioners proposed
TO be appointed may lease the under such regula
tons will proper and reasonable employment,
wages or upon shares Of the crop, Of such persons
and familios may be residing upon tho land The pro-
ceeds Of the leases and sales to be paid into tho
Treasury oncfour.h Of which il to be paid to the
Governor OF the State wherein such lands situated
his authorized agent when such nsurrecton shall be
put down, and the people shall elect Legislature
and State officers, whe shall take oath to
support the constitution Of the United States, and
such fact shall be proclaimed by the President
for tho purpose OF rembursng the loyal citizens Of said
State for such other purpose said State may direct
and oncrourth shall also be paid to said State
fund TO aid in colonization emigration from said State
Of any free persons OF African descent who may desire to
remove therefrom to Hayt LIBERIA any other tropical
State or colony. II
RESUMPTION OF TRADE WITH THE RECOVERED DIS.
TRICTS.
Tho Treasury regulations heretofore declared respect
ing tho resumption Of interior commerce with points
recovered from tho rebels remain unchanged. Ship
ments may be made to Memphis and all othor places in
possession Of tho United States forces under the exist
ing provisions to prevent aid to the enemy Shipments
are subject to the inspection and control Of the military
commanders at the points OF arrival and destination
REvERDY JoHNsoN's MISSION TO NEW ORLEANS.
Hon. Reverdy johnson, Commissioner OF tho State
Department, will take passage in the next steamer for
New Orleans.
THE CHARGE OF TREASON AGAINST HON. BENJAMIN
WOOD, OF NEW YORK.
Some excitement has been produced by the charge
formally made to-day by Mr. Bingham OF Ohio against
Mr. Benjamin Wood, Of New York, OF aiding tho rebel
leaders by furnishing important information The
charge pointed and positive and purports be made
on Tho authority OF government. Mr.. Wood met the
impeachment boldly and expressed satisfaction at
having an opportunity TO be heard before the Judi
ciary Committee, 70 which tho matter is referred.
No ono appears 70 know exactly the specifca-
tons intended 10 BIO brought forward by Mr.
Bingham, nor from which department of the
government tho authority for tho charge is derived
The government espionage during the war has been
managed partly by the War and partly by the State Dc
partment In both Of these 1t has been known for long
while that leading rebels in the SOUTH regard Mr. Wood
the safes! man in Congress for them to look to for
sympathetic action but is not believed that there in
either Of these departments any positive evidence Of any
act Of dsoyalty OF completely with tho rebellion
his part.
CORRESPONDENCE RELATIVE TO AN EXCHANGE OF
PRISONERS OF WAR.
The correspondence between General Wool and General
Hugsr shows that misunderstanding existed between
'hcm Tho latter said no did intond to give the
former all the officers retained hostages in OK
change Tor all tho priYatcersmon but to give him such
number Of them in exchange would BIO required by the
cartel establishing the equivalent OF rank, and the
officers to DO exchanged usual He also expresses tho
opinion tina. perfect understanding been effected
between the two for general exchange OF
all prisoners Of General WOOL it appears, would
no: deliver the privatcorsmen Huger requested until
he received tho hostages and tho Secretary Of War
doiph, insisted that General Wool should name a mum
ber equal to that Of tho prvatsersmsn to be exchanged
APPOINTMENTS CONFIRMED ny THE SENATE.
Tho Senate to-day confirmed the following Presidential
appontrnents:-
Christopher p. waIcots Of Ohio, Assistant Secretary
OF War, in place OF Thomas A. Scott, resigned.
Henry Clay Smith, Of Kentucky; Major Jealous B.
8 OVER of tho Corps Of Engineers Major Washington
Elliott. Of the Fret cavalry for gallant Boone
vic, TO be Brigadcr Gonorals OF Volunteers.
Among the minor military combinations Ii that Of
Lewis Cass Forsyth Assistant Quartermaster with the
rank OF Captain.
George W. Beanan Of Missouri; Joseph I. Lisls, OF
Pcnnsy II. Melville Hanna, OF Ohio George A.
Lyon, Of Pennsylvania; Edward Bellows, Of New Hamp
shirs George +. Hale, Of New York. and VIM Mere.
dth Assistant Pawn stera in the Navy