The New York herald., 1862-01-07
IMPORTANT FROM WASHINGTON.
An Amendment to the Tariff Act Passed
by Both Houses Of Congress.
The Old Duties Only to be Levied on Bonded
Tea, Sugar and Coffee.
The Increased Duties Already
Paid to be Refunded.
INTERESTING DEBATE IN THE HOUSE.
The Balls Bluff Battle and the Conduct
of the War as Viewed by
the Abolitionists.
The Commander in Chief Of the
Army Abroad Again.
The New Banking Scheme Be-
fore Congress,
&C., DC, &c.
INTERESTING DEBATE IN TAE HOUSE
The Commander-in-c Chief of the
Army Abroad Again.
WASHINGTON, Jan. Q, 1862.
MEETING OF THE CABINET.

WASHINGTON Jan. 9. 1862.
MEETING OF THE CABINET.
meeting Of the Cabinet is in session tonight 1t had
not adjourned at O'Clock Secretary Seward returned
tonight, and is in the Cabinet meeting
REPORTED BATTLE ON THE tPpER POTOMAC.
The city is full Of of desperate fight on the
Upper Potomac AT headquarters it known only that
the rebels have been firing at Hancock, and our own
forces have been firing the rebels across the river and
that neither have been able reach tho objects aimed
at No later dispatches have been received.
GENERAL MCCLELLAN ABROAD AGAIN.
General Mcclellan was so much improved in heathto
day be able to ride out General Marcy rode out
also for the second his recent severe illness.
PROBABLE EFFECT OF THE SETTLEMENT OF TIE
TRENT AFFAIR IN ENGLAND:
Private letters received here from distinguished English
pocans settle all doubts he acceptabty Of thesot
temen made of the Trent affair. These correspondents
state that the rabid hostility Of the English people
DIS the United States had greatly abated and that
proposition the part the United States for an
arbitration would enable the peace party there to avert
hostis The of the rebel prisoners, even upon
the grounds stated in Mr. Stewards des atch to Lord
Lyons, will cnectualy extingush the war fever and pro-
reaction favor of the United States and adverse
TO the rebels.
DIsLoYAL FEMALES ARRESTED.
The discovery Of reasonable correspondence with
bes alluded to in previous dispatches has been caro-
fully investigated The reference to it had in
the meantime grown in immensely, and pointed 70
member Of the family of General Lorenzo Thomas Adu-
tant General OF the United States Army This morning Il
was currently reported that General Ih and his IA
my under arrest. Upon proceeding to verify the
report your correspondent found him attending as usual
to the duties of his Office and only indignant the im'
putaton disloyalty to any connected with HIM
1t that this absurd story Of the impca
and Of General Thomas was maciously pus
in circulation by parties anxious to injure him.
An investigation Of the facts instituted this morning
shows that the lady crimnated by holding reasonable
correspondence with the enemy, the daughter Of
neighbor Of General Thomas, and not member Of his
family in any way connected with him. This sony
one several discoveries made within the last few
days in which females occupying high social positions
are implicated as tho correspondents who arc in tho
habit of furnishing important Information to the enemy
Consequently there has been great abrdgement OF
the privileges heretofore accorded TO the sex. -
THE NEW FINANCIAL SCHEME BEFORE CONGRESS.
Tho bill to provide a national currency, secured by
pledge United States stocks and to provide for tho
circulation and redemption thereof under consideration
the Committee Of Ways and Means, provides for the
establishment Treasury Department, Of separate
for the execution Of this act and all laws that
may passed by Congress respecting the issue and sgu
ation of a national currency, secured by pledge Of
United States stocks The Chief Of the Bureau denomi
mated the United states Bank Comptroller, to be ap-
pointed by the President at an annual salary Of $ooo
and deputy, at salary Of 81 500, with the necessary
clerks, &c. II provides that any chartered bank or
banking association whose capital is not less than one
hundred thousand dollars may upon application In the
mnner prescribed avail itself Of the benefits and priv
eges Of the Under tho provisions Of the act bank
ing associations may formed by any number of per-
nat less han five.
Thirty per cent Of capital TO be paid in at the be-
ginning and the remainder nsaln cns Of at least ten
per cent ut the end of each succeeding ninety days.
Every association organized under this act shall be
body corporate entitled TO exercise all the privileges Of
banking under the restrictions imposed in tho act.
Upon compliance with tho preliminary provisions
required, and the delivery to the Secretary Of tho
Treasury Of any number OF United states stocks
bearing interest the association shall receive from the
Bank Comptroller circulating Of different denomna
tons equal In the current value but not exceed
ing the par value Of the Deposited and also not to
exceed the amount capital aid in. These notes are 10
be filed up and signed by the President Vice President
and Cashier Of the association They made receva-
bic at par in all parts the United states in payment Of
taxes excise public lands and all public dues and made
legal tender for all debts and money demands. The
associations required TO make qartcry reports TO the
Comptroller, and those located in Now York, Phiadcl
4
daily reports of the average amounts Of loans discounts
SPECIE deposits and circulation Failure at any time 10
redeem any tho put circulation by association
when payment Is lawfully demanded to work revoca
tion OF the privileges granted. Provision Is made for
the redemption OF the notes Of failing association ard
for winding up its affairs. The interest upon the stocks
deposited may bo drawn by the association Upon de-
probation the vaue Of the stocks at the Stock Ex
change OF New York city for four consecutive weeks tho
interest is to be retained by the Comptroller until
| the depreciation shall have been compensated, the
sums thus retained to be invested every three NOR
in similar stocks. and upon rise Of the stocks ft g.,
consecutive weeks to the price at which u -, -,
pledged the surplus interest accumulated a.
10 be returned 10 the association. Each ass - a., =
aured TO keep ON hand lawful money Of
| equal to twenty y-nvc per cent of its ..,,- ,
ton Dividends to be declared .-",....u' !. ~.
and November. The associations ."-,'-, - -. :. W.
| nation mt the will Of the Seer - - - ~ ~
the Comptroller is to mako a. - ~ - 80. vs.
AFFAIRS ON THE LowEP - - " s. -
Tho steamer steppir oHkhk.
ine s''''"0' xStones passed tho robc ba,ter,
on inu'Su'y -. was clear but no shots vero Or,
noi" wy erica. On Thursday afterpoo, n o,.A
a'O , . me railway station at AQUA creek =,
ocp0' anu s0' raj houses adjacent were consumod
was suipo q that the rebels had determined % s,,
'n' p' aud adopted the Russian system of lav,oc
all oehn I'd them IN their etrcai b Il tho arrival or
otcarsat the station has since been observed Tho
pns stones treeborn, Island Belle oancc and sa,ol,,
lcoNnNUED on T1oruHPAie1