The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-07-08
NEWS FROM WASHINGTON
WASHINGTON, July " 1884
rae POLICY o. TEE NV SECRETARY OF FEE
TREASURY. "a.

WAszNoros, July y 1894
rae POLICY o. TEE NV SECRETARY OF FEE
| TREASURY. "a.
Much anxiety 10 evuced 70 learn the policy that win -
adopted by Mr. Fesscnder HE management Of the pub
lilo finances. Although bis efforts to bring order cut Il
chaos viii command the condolences and hearty support q
the people tho task before him Is peculiarly difficult ~.
Chase, while expressing opposition 10 imitation and ~
augmentation Of tho currency beyond suar hundred nh
Hons was compelled 20 keep the note printing process
going 70 their utmost capacity until the amount Of ISIS
rest bearing and nouniersss bearing currency -
reached the enormous Of hundred millions.
US understood shat, matter OF justice 70 hmssk,
Mr. Fessenden will I'm snediatsy announce tho country
the exfet condition OF the public finances tie seth
June last, Including all outstanding indebtedness. =
said 10 be his desire relieve s,rngeDcy ~
money market 10 order to facilitate investments 10
eminent bonds, and az there 10 dus 10 the arD3
about sixty m Hons II Ia believed that che printing 4
this smount Of Treasury notes without delay viii cited
this object From the embarrassed condition 10 whtab
the public finances have been transmitted charge,
Mr. Fesseudcn 6uds Il Impossible 20 enter upon con
trscticn OF the currency for mary months II ID essk
mated that will require the issue OF two hasdrsd M
Hons currency TO attract conversions into lonG
bonds but whoa contraction rs Undertaken II will -
done gradually, and too suddenly to disturb
trade ia commercial centres; and these mNvemsns
towards contraction Will no, be ccnnced TO few, -
made known TO all at the same time,
As loans, or the iaoome from the revenue Lava
cannot for long rered be r,.'sd upon, win requtss
meanwhile ths issue least OF fifteen rJons Of fsa
notes per to es the current demands cr IL
government
The suppression Of the fscte contained ifKf ChsssS
letter thoCommittcs Of Ways and Means until ~
very day OF bis resignation seriously upoas
seemins to strike how 1t tho public credit IN oreW
that the retiring secrct~y might carry With him ~
confidence OF the country but the appointment OF NJ
Fesseron prevented depreciation 20 yernmsaA
securities and restored confidence in shem.
Tho OF previoss administration OF the -.
partucnt will far rnsshc 10 avsaded particularly
the suden unsettlus OF vSs sach occurred in Aprg
last, WHEN Mr. Chase, after infa.ion bad reached ~
highest point concluded 'ss wheels and rudav
The sell gold suddenly Contracted the currency
ty throwing upon the market large amount % COLA
wi.ct produced panic tscd ',v fancy operators,
an iustent ~ eectng healthy rsac;ou, sent up ~
prices or all she Of e we'll OF gold ana
subsequently,. by the Js.s for losu killed the
which laid tie golden egg, aud destroyed a mmedssa
prospect OF obtaining tnat snd caused
between Apr and July, ar advance In gold from oa0
hundred and six'y-ays to two hundref and eighty.
nv and a. decline OF ten PER cent Ia eovernmens
b,0is, Ct tie same tas driving arsculaors -.
operate n provisions Instead 81 fancy stocks, aud ads
ing fifty hundred per ccr ne price a.
all articles or feed and cicthio These reGts Oiled
The cuscqasnces o! the sudden nna,ion
contraction hisiserto pursued, and for -
tta future OF tho arsrry dshG
THE APPROPRIATIONS oR rHT LATR CONGRESS.
It roughly calculated that Congress- during It's Iass
session, appropriated tsu-sard millions Of dsa
lars, including TIE bounties 70 troops paid ro
the special income tax.
RECRUITING IN THE REH7L sFirEs,-
IT is said by members Of Congress- saa regulations
TO be adopted by which State shall Undue -
pr,r advantage another recruiting rebssatsa
authorized by the act further Provide for eating
the national forces and that the s,t,sseu,s will hsvs
equal stsrt upon that business.
GENERAL HEINrzgi hAs's CoMAAND.
Covingtop, ky. and the country sFound II within q
radius OF ten mi'cs, is added 20 tho Northern Depart
men,, under the command Of Gors-a' s7sin,zs'man<
COLONEL DE RUssys PROMOTION CONFIRMED.
The confirm Of Colonel lie Rusy brigadier gsao.
raj having been emitted By The the President Aao,
reappcntsd him Brgadier General 20 da.s from Nay,
1863
GENERAL BARSE5 IN coaaAyp At POINT LOOKOUT.
General Rarpos aas been assigned 20 the command -
the depot for rebel prisoners Point ockou, Mont =
tho prisoners to Elrnra, and the rsna-
der beng rassfs red In ECU 40 OF two and three
hundred expedlt.ousy POSSIBLE. Prisoners aBe
Being sent 90 he same point from fort Delaware
SAILS OF Tne eE3sL GENERAL tn.'s Errscrs.
large collection of valusbis furnarc, belnsios =.
General Lee, has been condemned urcv the ronoss,s-
act. and b, sold IN Acxsndsa the issAi insA
All articles Of the siszant p.on
including several paintings.
NAMES oF UNION PRISONERS ~ CASTLE rzu vpxa
The following complete LIS, Of c Unionsps lscusss
now In C1sts Thunder, Rehmccd.--churca Dusias
Washington, y c.; George Snydss rendlessa, county
West Virginia Albert Hart, Fenusy vanis Jraass auJ
ton. Pennsylvania; John J. Cutss,sou PoaosylsaS q,
WIN. W. Mcche7aey, New Jersey; ~ +. DAVIS, kinsnu Al
Gc:e,h-, Cinoln-St ohio Mr.. Ma.ssllus, U,srviae A.
outer countg, Va T f. wolr captain Of ihe baki c.s
ana, Mystic river Conn.,: Geo. Rcwa n. csS,A IN =
tho steamer Emily, OF New York; re,oS ENrd, WI a A
salt amhrase Brown, g Youn:, John Va Lester Eaz.v
vsnakon, e.. sailors o, steamer Emily Of Nors Yoya,
Francis Lowe, captain q the Julia ekee, YsA na
Drummoua Rogers mate o. the Julia Bskor, nv h. Va
John Murray mate of thu BARK Loniex, o. ~ Yovs,
W. MckessSr citizen, Penn ~ wanna, Add T. n Franz
,orresroaaens Of the New xorg " RI
THE CONTRACT sT4TIgSHsa
The conirsc. FOR supplying stasanery re he In,.rs,
D,partmsnt and the rsrsion, Laaa, Indss ana csnr-
Bureaus for ensuing Ecal yes has bss ..,a.a !.
Philip & sSIoroous, Of sails city.
THE POSTAL MONEY oGDER ro .,.r
DR.. G. +. Macdonald has been Appoa;es ..~
Of tia Few money order sys.ssa Of 10 Pos, ONCE D.
psrmsns, and Mr.. d >. wilkiss to as u-,uon. o,.,,
sap.
CERTIFICATES ZOE hhrsassNrS I'VE RECRUITS.
Inc eer.nsa'os 70 W lssu'o 70 ps"s rs, ladies go
semen' VINO 'chsh sopt sson'a'~ recruits under ~
recent pan ahh"unceo os tho rS ,st Marshal General
are nesng cent 70 the provost mas iss They hasA
somsy executed, and will hereas =, h. .o,rc. or 80.
to all who psssess thea
The Ns -
QUEEN t.-The gunSoas cfu nm Actin, vo,vntcs, IT,.
tenant Commanding Rohsfs FAIR sa,ed for Ch.,a.,s.
bar via Fortress Monrosr ON the proos,vn N.vv VA