Civilian & telegraph. [volume] (Cumberland, Md.) 1859-1875, 1863-02-19
w ASHIN TON NEWS.
SYNOPSIS OF THE NATIONAL cUprrycv RI,

|
The National Currency bill, which
passed the Senate Thursday, provides
for the establishment of bureau in the
treasury Department which is to have
charge of the currency 1t provides for
The appointment of comptroller, speci-
fes his duty, and making the necessary
regulations for the government of his
Office. 1t creates banking associations,
to be organized as corporate bodies, with
not less than five persons constituting
the association in any case; shows how they
are to be organized and governed pro-
vides the proper safeguards and restric-
tons. etc. These institutionsmay pur-
chase, hold and dispose of real estate
Before any institution can commence
blu siness, it must transfer to the Treasu-
ry of the United States bonds ofnot less
tn an one third of the amount of the cap
ltnl stock paid in. On complying with
these conditions the institution will be
entitled to receive from the comptroller
bills of different denominations in am ount
equal to the capital stock already paid
in.
The amount of these circulating notes
are not to exceed $500, 900, 900, and
are to be distributed throughout the
States, Territories and District of Column
ba upon the basis of representative
population. The Comptroller under the
direction Of the Treasurer, is to provide
plates, eDgravings, etc for making these
bills or notes. These notes are to be
held at par throughout the United States.
A tax OF one per centuns is to be paid by
these banks to the Government semi an
nually, in July and January. The bank
officers are to make regular and accura tie
returns of their transactions to the prop
er authorities. No notes but such as
are provided for in this bill will be al
lowed to be put into circulation by these
banks. The bill flu rther provides rules
for the government of these institutions
in detail, aud at IN UGH length, afixiug
certain penalties for any violations OF
law, such as the public safety demands
The bill contains some sixty three sect
tons.
THE FRAUDULENT FLOYD ACCEPTANcEs.
The discharge of the Judiciary Com
mittee by the House to day, from further
consideration of the memorial of Messrs
Pierre & Bacon, in the matter of the
Floyd acceptances, leaves the opinion of
| the Attorney General to the effect that
the Government is not liable upon these
acceptanccs unimpeached
! STRENGTHENING TIE ARMY.
It is rumored in military circles that
plan will be adopted to increase the
regular army and key up the esprit du
corps of the volunteer service by law
authorizing commanding Generals to
transfer entire volunteer regiments to
the regular ser vice in reward of bravery
on the battle fields. 1t is said that q
clause will be inserted in the act, exclu.
ding from this transfer officers of the
regiment absent from fights. In all in
cideuts of the service, even to con firma-
ton by the Senate, the volunteer regi-
ments thuse selected will instantly be-
come regulars.
cAssIUs NJ CLAY GOING To RUSSIA
Cassius NJ Clay has finally determined
to abandon his Major Generals commits
sion and return to Russia. He will
probably start in a short time, and will
at once relieve Bayard Taylor, who has
been Acting Minister since Mr.. Came
ron's departure. Mr.. Taylor will not
remain as Secretary Of Legation after
Mr.. Clay's arrival.
NO DISAGREEMENT WITH TIE FRENCH MIN
The reports Of any issue of vera city,
or of any disagreement whatever, be-
tween Secretary Seward and NJ. Mercier,
are utterly without foundation. The
fact that they dined together on Thurs
day, and held intercourse. both official
aud personal, of the most amiable char
acter, ought to refute the story Of sus-
pension of diplo matte intercourse. This
whole thing is fabrication. Count
Mercier has never taken the slightest
exception to any Of Mr.. Stewards state
ments.
THE TOBACCO AND LIQUOR TAX.
There is good reason to believe that
the Commute of Ways and Means do
not intend to place so great tax on to-
cacco and liquors as has been reprcsen-