davidaulloa/AmericanStories huggingface dataset:
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
LOCAL MATTERS.

SoLDIERs' RELIEH.-Duriug Monday, Tues
day and Wednesday of this week, the Cou MT
Commissioners 10 special session awarded abou
eight hundrad dollars from the Volunteer Re
LET Fund to the families Of absent soldiers.
"THE Woods" ssys the Journal In 0 puff
"were the soul Of the laugh" II 80, II mus
have been wOOden soul, aud, of course, 9
tcooden laugh.
PRoBATE CouRT-B Business transacted durinf
the week ending Nov. IL:
Marriage Licenses--Seven Issued
Administrator ors Appolnted-Henry T. Chit
tenden Of Willard B. Preston; Benjamin Seq
ner of Ellz, Hamell, and Lorenzo English o.
jeremiah Armstrong, with the will annexed.
Executors Appointed-JacOb Reinhard snt
Charlotte Foster of Neville Foster.
viii Proved-0f Neville Foster, late of Co
lumbus. l1
Discharged on Habeas Corpus-Wm. Mock
Of Washington township, volunteer In thu
18th Ohio, under sixteen years of age.
Sent to the Lunatic Asylum-Abrahan
Wengerb of Jefferson township.
Sale Confirmed and Deed Ordered-Of rea
estate sold by Frederick Beck, Administrator o
Christian Eyer.
First Accounts Filed-Of Chas. E. Burr
Guardian Of John M. and VIM. M. Breeden
Of John Van YORK, Executor of James Harris
and Of Daniel Trent, Executor of Prince
Trent.
Final Accounts Filed-Of Jonathan Bobo
Guardian of Mason, Serene, and Mary Fravel
MUsKINoUa RIVER STEAMRRs AND THEIR Or
TloERs.--The steamer IT. J. Pattln" resumed
her regular trips on the Muskingum river las
Monday. She goes down from Zlnesville tc
Marietta on Mondays, Wednesdays, and Fri
daye, and returns On Tuesdays, Thursdays, anc
Saturdays. This boat has just been 70 painted
and re.furnished, and ID nov complete in all hel
appointments Her Master, Captain John
Henderson, Of Beverly, is one of the most efa
cient steamboatmen on any of onr rivers, and
he Is well supported by his accommodating
Clerk, Jacob Meagel, OF Marietta.
The "Jonas Powell" will soon resume hel
trips, going down the river on Tuesdays, Thurs
days, and Saturdays, and returning on Mondays
Wednesdays, and Fridays. All who have evel
travelled with Capt. James Darlinton will testify
that he has never had superior in his vocation
snd that he is the prince of clever fellows; snt
to Robert Leslie, his efficient and gentlemanly
Clerk, they will award the highest prize, fol-
faithfully discharging his duties at all time
and under all circumstances,
Such boats and such officers cannot tail to dt
a"psying business" .shgs o
NEW PERIODICALS AT KENNEDY 3. .r-Kennedl
has the latest and best periodicals at his store
one door south Of the postofice, where all ad
mirers of literature may be supplied at wa
prices. Peterscn's Ladies' Natio nal Magazine
tor December, which he has just received, Il
splendidly embellished with superb steel en-
cravings, and fashion plates that may be reliet
on, while its reading matter Ia Of the choices
kind. Ballou's Dollar Monthly Magazine, fo
December, has also been received, and Is
magnificent number, full Of "good things"-
Give Kennedy o call. I. III :, et' aa,sr
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
Psr OItr of Raltimnra.

SANDY HOOK, Nov. 10, 4P. M.--The City Of
Baltimore from Liverpool 29th, via Queenstown
3lst, has passed this point, en- route to New
York. She brings four days later dates from
Europe. itse.
The rebel pirate Alabama had DESTROYED the
bark Wave Crest, from New York for Cardiff.
The London Times says Lord Lyons took
out full assura1ce that while England will be
eager, In concert with other nations, 20 adopt
any step to promote o permanent peace, she
viii meantime individually refuse to depart one
hairs breadth from the course Of non -interfer.
ence. sa f
Wilkes's proceedings at Bermuda continue
to claim attention. The Captain Of the .Gladi-
ator publishes letter containing charges
against him OF regularly blockading Bermuda
The Times argues that 1t is not for England
% impeach the beliigerent right of search, ant
the EedeFals have not actually exceeded theii
privileges. England must make allowance fol
their temptations, and put herself in their place
before pronouncing judgment. The Federal
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
Evening and Midnight Reports.
Col. Ford and Major Baird Dismiss ca
from tho Service.

COL, FOrd ana MAJOR baird Dismiss Cd
from the Service.
WARRINGTON, Nov. 1.-THE committee OF
the surrender Of Harper's Ferry having reported
that Col. Thomas II. Ford, Of the 32d Ohio
volunteers, conducted the defense of Maryland
Heights without ability, abandoned bis position
without sufficient cause, and has shown .hroug.
out such lack Of military capacity as to dis.
qualify him, in the opinion OF the Commission
for command in the service, the said Colonel
Ford, by direction Of the President, is dismissed
from the service Of the United States.
I'd. The Commission having reported that
the behavior of the l26.h New York infantry
was disgraceful, and that Major VIM. H. Baird,
for his bad conduct, ought to be dismissed, the
said Major Baird of the 126th New York is, by
direction of the President, dismissed from the
service Of the United States.
3d. The Commission having reported that
Brig Gen. Julius White, U. s. Vols, acted
with decided capability and courage, and meets
its appreciation, and having found nothing In the
conduct of the subordinate officers brought be-
fore the Commission, they are released from
arrest and ordered to report for duty.
BY order Of the Secretary Of War.
E. D. TOWNSEND,
Assistant Adjutant- General.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13

ixss 1881 coupons loiK California sevens 95 Brook.
yn water loan l0Ok; Indiana and Michigan 60 Illinois
Osntal bonds 100; Terra Haute and Wabash "a bonds
~; Ere tth bonds 100; Del Z. q w. l0li 0aiena aud
do preferred 90; Cleveland q Toledo 67ki Treasury
Notes u SlO) 1854; Little Miami l06x: Michigan
eoutheIn IL Michigan Southern second 99i; Erie ID
bonds 100 Pittsburg Fort Wayne q Chicago Sd bonds
So do lst 07X Chicago North Western LIST % do %
351; do assorted bonds t7i Cleveland, Columbus and
Cincinnati FAX; Panama 1885, Missouri sixes 62 Ten.
nessee SKIES 53; Racine and Milwaukee 1l2k United
States 6s '8 coupons l03K; Registered l03H o. 8. So
"a coupons 90; Registered IS; Demand Notes l97Hi
Virginia Rives So Tennessee 54Ki Hannibal and
b.. Joseph bonds 63; United States year certih
Gates 99k; Reading 76x; Chicago, Burlington and
Quincy 95H; u year certificate COX; North Caro-
lna 6's 20; Ohio 6's OF 81 ia.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
From tho Southern Coast.

New YoRK, Nov. l3 The steamer Pawnee,
at Philadelphia, from Port Royal the 81, re.
ports the steam frigate Powhattsu had arrived
there from Charleston for coal.
Preparations for q combined attack Oh
Charleston and Savannah are being gradually
matured.
A boats crew Of one of our vessels of
Charleston, had narrow escape from capture
by rebel steamer recently, while taking sound
ings - uts
Five Connecticut regiments are to Join
Bsnks's expedition, and will be here this week.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13

WASHINGTON, Nov l2-The Richmond Dis.
patch Of the llth says there is no longer any
doubt that the Yankees are concentrating their
forces in the neighborhood Of Wilmington, with
the intention Of attacking some point on the
Wilmington and Weldon railroad.
A letter from Tsrboro of the 5th inst, says
the Yankees are marching on that town With
twelve thousand troops. They are represented
as being within fifteen miles of the town and
one mile of the Confederate troops.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
moneY;marKeI.

New YORK, Nov. l2.
The Money market ID more active and rmor at Q per
cent. discount for loans on call.
Strictly Prime Paper is more active at 6@6k per
cent. discount.
Sterling Exchange rules dull and lowS; the quota.
ions are 81 4sYi44t for Merchants and 81 45h@I 40
for Bankers bills.
American Gold Is unsittied and Iower-opening at
3i@3l Il, declining to 3O93OX, and closing firm st %
per cent. premium.
California Gold Bars are quiet and nominal at ak
per cent. premium.
Government stocks dropping United States 6's 1881
81 020l 03Hi United States q 3-l0 Treasury NoteI
81 03K@103X.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
GEN. Ransom Routs the Rebel Wood
ward.

WASHINGTON, Nov. 12.--The following dis.
patch was received at the headquarters of the
army to day:
To Me.. Gen. Halltek, Commander in. Chief;
The following dispatch has just been received
from Gen. Davis at Columbus:
"The expedition commanded by Brig. g en-.
Ransom has proved great success. II came
up with Col. Woodwards rebel forces, eight
hundred strong, near Gsrrettsburg, and after a
short engagement killed sixteen of his men,
among them one Captain and q Lieutenant;
wounding forty, including one Captain and
two Lieutenants, and taking twenty five pris
oners, all their horses and fifty mules, and O
large number of arms and equipments, routing
the whole concern and driving them out of the
State OF Kentucky. Our loss was three killed
and seventeen wounded"
(Signed) U, s. GRANT,
Mai, Gen, COMMANDING
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13

LoUIsvlLLE, Nov. l2.--A detachment of Col
J. w. Fosters command left Henderson Mon
day, and surprised band of rebel guorrillai
near Madisonville, Kentucky, capturing sever.
al prisoners, horses and arms. The guerrillas
in that section are said to be panic STRICKEN
Our forces are still in pursuit
The southern line lie up, but no news from
Nashville.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13

MILWAUKEE,, Nov. 1.-THE Oceoka county
mob, not content with destroying the draft box
and rolls, attacked the private residences of
several prominent residents, stealing and de-
sroying everything they could lay hands on,
and maltreating all who refused to side with
them. The Provost Marshal With six hundred
infantry, left this city on the steamers Sunbeam
and Comet last evening, and to day arrested
come fifty Of the rioters.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13

New YoRk, Nov. 12--A special to the Her
aid from Harper's Ferry says: Rebel pickets
have appeared on the Virginia side of the Po-
tomac between Berlin and Point of Rocks
The rebel cavalry are securing the country on
the south side Of Loudon Heights. Yesterday
they fired upon our pickets In Loudon valley.
vicinity Of Front Royal, with the exception OF
about two thousand, and elk guns In the valley.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
Philadelphia Cattle Market.

Tho sales of fat cattle at Phillipss Avenue Drove
Yard yesterday, amounted to 1927 head at6@shc per
pound. go COWS brought From Sl8 to e30p er head for
spIingers, and $50 10 IS for cows and calves.
1000 fat sheep sold at cents per pound gross
500 hogs disposed Of at % 90 to so per hund
red.
At Imhos 2OOl hogs realized from S5 IS to 50 for
corn fed, and 95 so to o 90 for still fed,
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13

THE best advice that can be taken Ia 30 saps
your natural teeth and keep your gums sound
BY using HuDsoN's UNRIvALLED TooTH PASTE
Call for It at studer's, MARBLES, Samuel's,
Roberts, Wilson's, Schueller's, Shaup's, Den
ig's, Ridgway's, J. Fowler's, D. D. g., or at
Druggists, Dentists or Perfumera anywhere
Try ID one and all.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13

WANTED.--A middle aged woman to do plain
sewing, and to be generally useful about the
house. To one coming well recommended,
fair wages will be given. The advertiser re-
sides some two miles in the country. Z, 90 p.
Address rs. d." Possofiioe Box TAO, or ap-
ply at this office. l4s [oct29-H
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
new York stock Market.
NV YoaH. Nov. 70.

NEW YoRH. Nov. 10.
Stocks closes east er. Chicago and Rock Island
s0xi Norwich and Worcester 7eX; Milwaukee and
Prairie du Chen End preferred 36K, Cleveland and
Toledo 66k; Illinois Central scrip az; Michigan South
sn guaranteed S2xi American Gold la5; Paciho
Mall l21Ki New YORK Central l0S Hudson 75 Harlem
90Xi Harlem preferred 49,; Michigan Central 69KPtts-
burg, Fort Wayne and Chicago LIST bonds lO5; q. o.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13

New YoRK, Nov. 1.-Two Government
Commission Brokers have been sent to Fort
Lafayette by order oil the War Department,
for buying up claims against the Government
at ruinous discount.
James Madison Porter, Secretary of War un-
der Tyler, died yesterday at EastoD, Pa.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
Hog Market

UNCNNATII NOV. H.
The receipts of hogs continue liberal, footing up
about 5000 head In the last twentfo hours and the
weather not being very favorable, there was not much
disposition the parI Of packers to buy and the
ke ruled dull at 81 IS for those averaging 40 To $50
lbs and % SO for $40 to $50 lbs. averages For extra
heavy "a 90 to "a 65 might be obtained, but there
very few Of this class Of Hogs Offering.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
Ayers Cherry PeCtoral

FOR TIE RAPID CURE OF
Coughs, Colds, Influenza, HoarssnsM
Group, Bronchitis, Incipient Com
sumption, and for the Relief
OF Consumptive Patients
I'm advanced Stages
OF the Disease.
This Is remedy universally known to surpsss any
other for the Of throat ana lung complaints, that
is useless here to publish the evidence Of It's VIRTUES I
unryaled excellence for coughs and cold and Its truly
wonderful cures Of pulmonary disease, have made 1t
known throughout the civilized nations Of the earth.
Few are the communities, or even families, among them
who have not some personal experience Of Its effects
some living trophy in their midst Of its victory over the
subtle and dangerous disorders Of the throat and lungs
As all know the dreadful fatality Of these disorders and
they know, the effects Of this remedy need not
do than to them that 1t has all the vr
tues that did have when making the which have
won SO strongly upon the confidence of mankind.
Prepared by DR., J. 9. AVER g. CO., Lowell, Mass.
and for sale by g. ROBERTS, Columbus, and BY All
dealers In medicine everywhere.
April lS, l662-dkweowly
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
THREE TRAINS DAILY.
EXCEPT SUNDAY,
From Columbus, in connection with Trains on the
LITTLE MIAMI AND COLUMBUS
AND XENIA RAILROADS.


FIRST TRAIN.
NIGHT EXPREss-Leayes Columbus at 400 A. NJ.
Wtll stop at Delaware, Ashley, oardlngton, Gilead
Gallon, and at all stations North Of Gallon arriving o.
Cleveland at $50 A. M, Dunkirk 355 P. M, Bufalt
S2s p NJ, New York 10 Am, Boston $50 P. M.
SECOND TRAIN.
NEW YORK EXPREss-Leaves Columbus at IIl0
A. nj. Will stop at Delaware, Oardington, Gead,
orestllne, Shelby, New London, Wellington and Graf
ton; arriving at Cleveland at BIS p NJ. Dunklrk 905P.
NJ: Buffalo l0s5 P. NJ, New York 600 P. M, Boston
ASS P. NJ.
THIRD TRAIN.
MAIL AND EXPREss-Leaves Columbus at $40 P.
NJ. Will stop at all stations south Of Shelby and at
Salem, New London, Wellington, Grafton and Berea ar
irving at Cleveland at 9l0 F. NJ DunkiTk 25O A, NJ,
Buffalo 500 A. M, New York 900 p NJ, Boston II.45
P.
CONNECTIONS.
At Delaware with Springfield Branch for Springfield
aud points on that road
At orestne with Pittsburgh, IT. Wayne and Chicago
hailroad for Pittsburgh, Philadelphia and Baltimore.
Also for Chicago
At Shelby, with sandusly Mansfield and Newark Rail.
rosd, for all points on that road. Also for Toledo.
At Cleveland, with Lake Shore Railroad for Erie
Dunkirk, Buffalo, New York and Boston
Patent Sleeping Cars are run on all
Night Trains to Chicago, New
York and Boston.
sa0gS0e GsSOked Through to Moo York and Bo.ton
pia EeUsldnd. dlso. to PhlddelpAia and
Reao York ofd OresGfns.
RETURNIN
Night Express arrives at Columbus OF ll3O P. NJ.
Cincinnati Express arrives at Columbus at 1IOO A. NJ
Accommodation arrives at Columbus at 1O:I5 P. NJ,
Fare as Low as by any other Route.
Ask for Iiekcts pia CyestLias or Clepslsnd
81 H. FLINT,
superintendent, Cleveland, Ohio.
-, JAMES PATTERSON, Agent
Columbus, Ohio.
ooiunbus, May Z, 1872
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13

DR.. Al. VANDERSLICE,
Late Professor of the Ecole Clinique de Medi-
cine Pharmacy in Paris.
A PRACTITIONER OF 20 YEARS,
Announces to his friends and the public, that he con-
nuss to devote his time to the curing Of the following
diseases, viz:
Coughs, Colds, Asthma, Fits, Dropsy, Dys-
pepsia, Liver Complaints, Piles Fistula, Gout,
Rhumatism, Scrofuls, White Swelling, Nervous
Affections, Fever and Ague, Bilious Complaints,
etc., ETC., etc.
DR.. VAsDERgLIoK has met with great success by his
peculiar mode Of treatment Of diseases, where other very
eminent physicians have failed to produce cure To
attest his confidence In his own skill and merits he will
undertake the Of all patents without charge except
ng the cost Of msdlcine requiring no fee until after
he restoration Of their health.
Diseases Of peculiar character he guarantees to re-
move radically In few deys, without offensive dele
terous medicine he warrants to all. no matter how
severe long standing the disease eecual cure, or
he requires pay. Females suffering with IRREGULAR.
ties, or nervousness, debility etc., be permanently
cured by Dr. " Invads In any section Of the country,
se have advice and medicine will be promptly sent
to them.
U U Residence, two doors from the corner OF Green
and Floyd Streets, Louisville KY Office hours from
to IL q. M, and from to p. m.
DR.. A. ]. VANDERSLIOE can produce over one
hundred certificates Of the speedy Of various dis
eases. Call and see him, t.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
COMMERCIAL MATTERS.
Columbus Retail Market.

WEDNESDAY, Nov. 10, 1862.
Tho following arc tho retail quotations corrected by
VIM. II. Restieaux, wholesale and retail grocer No.
LOG South High Street.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
AMERICAN HOTEL
OPPOSITE STATE HOUSE,
COLUMBUS. OHIO.

TyHIs OLD HsTABLIsHED AND WELL KNOWN
Houae during the past season has been thoroughly
renovated repainted and refurnished IN style both
comfortable and elegant 10 that we feel we'll assured that
those who favorus with call will ind all the ovmforta
and conysniences ulual In frat clsss Hotels.
WARDEN & EMERXs
oesls-dly IA efsf s ,pRoPRIHToRs.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
wHoLEsALN MARKET

wHoLEsALE MARKET.
WEEKLY RXvITw.
FtovR-saleaat IS 7s9s 90 for red, and 90 2597 50
for whtei market unsettled.
WaEAT-at 81 00@l 12k r-'
CoRN-sales ct 400
0ATs-sales OF 400.
RYE-small sales f5zDSOc.
HAY-sales at 90 00010 90, ~
PoTkToEs-sales at 400p50o gt
BKANs-saies at 81 IS.
SALT-rules at ~ O0GB4 50per bbl.
WnrrE RIsH-rule at IS 1906 90 per bbl.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
TELEGRAPHIC.
Reported for tho Ohio Statesman.

W For Morning and Afternoon Reports, Gee
Fret Page.
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13
CONSULTATION GRATIS.
SIMONT0N'S EXCHANGE,
H. sIMoNToN e. SON

This Is to certify that was afflicted with FistulA In
Ano for six years. After try Ing every remedy placed
myself under the care Of DR.. A. J.. Vanderslice Of
Louisville and in three months was perfectly cured.
Given under my hand this 3lst OF September, 1883.
J, SUGARMAN, Boston, Mass.
This 70 to certify that have been afflicted with Piles
for seven years. After trying all known remedies and
falling, Dr. A. J. Vandersce performed perfect cure
In three months.
F....e LOUIS cOURNAT.
T Persons ,oho are not afflicted, in ,ohose
hands my cards may taH, vin please distribute
such cards to the afflicted.
sspt3.t
Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-11-13

ana ior the speedy cure Of the following complaints
scrofmia and serofuIo Gus AfFec ctions ,such
norsl Ulcers, Sores, ErupGions,
Blaihs, and all Skin Diseaser.
Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-01-05
LOWING:
English, French aud Spanish Fleets FOR the
Gulf Of Mexies.

The Bondsn Times, Of the 9th ultno, gives
the following interesting statement, taken from
The Constitutional de Paris, Of the day previous:
The naval division to sail in few days for
Mexico wiz number the following men-ofAYar:
The ship Massina. Rose, commander; four
higates, enc slOop, five gun-bOats, one advise
bOst and sundry transports.
The feet viii sail under the command of Ad-
mbaI Turien de Ia GravieFe. A portion of the
feet is to sail from TOulon, and the balance from
Brest, and both divisions are TO meet at Vera
Cruz.
The number Of troops to be shipped Is three
Thousand, including Eve hundred ZOuaTes, and
q regiment Of csyalry-she horses are to be got
in Mexico.
From another source we find that said feet, as
also that from England, were expected to arrive
al the beginning Of This month in the port OF
Havana, whence they both are to depart for Vera
Cruz shortly after their arrival
From the latest files Of the Diari0 dc Ia
Manza, Of Havana, We find that the Spanish
feet. comprising three divisions, sailed already
from Havana, FOR the Gulf Of Mexico, ia the fol-
lowing order. viz:
On the 18th Of November sailed the first divi-
SIGN, composed Of the wsr steamers BcTeDguela,
Blanca, Blasce de GzTBy and FerToi, and store
ships Mgrigalante and Santa Maria, and trans
pofts Sunrise, Teresa, F~avorita, Palma and
Psquita.
On the Ist instant sailed the second division,
composed Of the war steamers Lesitsd, Coneep-
sion, Pnncsssa de Asturiss, Petnonilla. ISABEL
ia C~atolica end G~uadaigHigeT, and the Transport
No. ,.
On the 2d instant sailed the third ard last d.
vision, composed Of the war steamers Francisco
de Ass, Pizsrro and Velasco, and the transport
steamers (cbarteTed,) named Cu5ano, Cuba,
Ocean Bind, Cardenas and Maisa-
The whole expedition numbers the following
vessels In Uit.
Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-01-05
Tbe New Federal Fiuancial scheme.

Inc view EcaGEAA FINANCIAL 8EEtaAes
From the Louisville Journal. Deeember 81
TIE NATIONAL C~URRESCY-The sub-eom-
mittee Of ways and means have nearly perfected
the scheme Of national currency, secured By the
hyp0ihecstiOn Of the United GATES stocks. II
provides for q bark controller in the Treasury
Department, to be appointed by the President
and Senate, who is 70 give a bond Of 100000
for the faithful performance Of his duties, with a
salary Of 5000. His business viii be 10 man
age all operations Of the banks under this act
The bill provides that existing banks nay de-
post United States stocks and procure c~irculat-
ing notes. New banks may be formed for the
same purpose under this bill, but their capital
stock shall not he less than 100000, and may
be for any greater amount. All banks that issue
this national currency win be required to maks
quarterly reports 10 the bank controller at Wash
inetOn. This currency viii be made receivable
for taxes, excise, and other dues TO the general
government, except duties Gu imports.
New banks that 60 into operation under this
act viii be authorized TO give deposits, discount
bills and notes, sell exchanges, and do all kinds
Of banking business. Under this act a new
bank may be established at New York, with a
n pitai Of S50,0O0,O00 or $780, 1000. The
restrictions WHICH the committee have thrown
around this important MEASURE are deemed suffi
Gent 10 gnard bill-holders ard prevent frauds
upon the pdblie. They require each bank to
keep always twenty-five per cent. Of the amount
Of bills in circulation. They make the stock
holders personally liable to an amount equal to
the stock held BY them. The committee will
have the bill ready TO report Immediately after
the first of January. and viii press its early
adoption. It meets fully the recommendations OF
the Secretary Of the Treasury, and is intended
to carry ont his views.