The New York herald., 1864-12-14
Entct sf the RebeI-Canadian Raid
On tho Northern Border.
Ths Bill to Place Six Steam Revenue Cutter,
on tho Lakes Passed by the Senate
Whe Resolution to Terminate the Reel.
procity Treaty Adopted by the House.
Tue Qnestien Of Navy Yard for Iren-
Clads Laid on the Table,
AesS &C.. 70.
WASHINGTON, D
FINANCIAL MATTERS.

WAsnmGTon, Dec. lS, 1864
FINANCIAL MATTERS.
On account OF objections urged the unIaness or
Che private negotiation OF loans the offer OF par
tes in New York to take additional thirty mil.
fon Of fvetwenty bonds has not accepted by the
Secretary Of the Treasury who endeavoring to stimu
late the subscription to the sevsnthrty bonds to
point sufficient partially remedy the deficiencies in the
daily receipts OF tie treasury. With this view the fol
lowing circular has bsen issued
TREASURY DEPARTMENT; Dec, Is, 1854.
sR-Desring to avoid any further ssro OF bonds the
interest OF which s payable in coin, or any fur
sher increase Of paper circulation, l ask your
special attention TO the seven three .tenths notes
these notes present advantages when should
recommend thcm to all who have money invest The
Interest offered 49, at present rates Of other governmn
convertbility into gold bearing bonds gives them ad
ditiona value IL y only necessary that people should
understand tho advant iges afforded by this class OF
Securities to insure sales sufficient daily to
meet tho current demands upon the Treasury. In
obtain subscriptions, aud the otter OF liberal
commissions for services performed. it
pected that tho national banks especially connected
las they are with the government and prosng by that
uouneoeion would have been stimulated such exer
results thus have not been satisfactory Be- ore re-
sorting TO other agencies. therefore appeal the
nos necessary work with spir. and energy which will
that the recognized fiscal agents OF the
srnmens may a. oil times be relied on for adequate
topB 70 procure tho means necessary TO It's daily
W. r. FESSENDEN, Secretary Of the Treasury.
bill now in process Of preparation 10 authorize
issue Of legal tender notes in place any gold
sst bearing securities.
TERAINArI0N OF THE CANADIAN REcIrRoCIrr
TREATY.
Tho decided action OF the House on the term
smnatioa Of the Reciprocity treaty between the
United States and Great Britain will doubtless
xwflh -
tsrpreted By tho colonial authorities Is admitted to
have worked greatly to the disadvantage OF the United
tatos. There Ii opposition Termination OF the
treaty but tho act reported from the Select Commit.
Tee, provided for the appointment Of commission
<orma new treaty. This proposition met with favor at
tho last session; but subsequent. events in connection
with the rebel raids from tho provinces have created
IVORY bittsr feeling towards the particularly among
Vermont and other New England members, and
Sion Of Ar. Morrill,, OF Vermont substitute adopted
simply authorizing the President 10 give the twelve
months notice required by the treaty. There is no
doubt Of the acquescsnce or the Senate measure
The original Joint resolution in relation 10 the Reel.
procty treaty reported by Representative Elijah
Ward, OF Now York, from the Committee Commerce,
lass April The preamble only was at that time acted on
and this otbor sgs declares that nearly all the
articles which Canada sell admitted the
United states free Of duty, while heavy duties
imposed upoa many OF those articles which the people OF
che United States have TO SELL with the intention OF
excluding them from tho Canadian markest and further
chat the President OF the United Sates during the arst
sf the Thirty ninth Congress- be sub
mtted 70 the Bousc official report setting forth the
Inequality and Injustice existing present ntor
rourse with Canada, subversive OF the true intent
OF the treaty, owing 10 the subsequent legislation
or Canada. With the view OF carrying on CONNER
ca intercourse recprocay, beneficial and satisfactory
% both parties, resolution appended authorizing
and requiring the President to give notice to the British
kovernment that II s the wish and intention Of the gov
Drument OF the United States terminate the treaty
unless convention shall before the end u ten
from the negotiation OF this treaty be concluded between
The two governments, BY which the provisions shall be
90 modified a. TO mutually satisfactory both govern.
meuts also authorizing the President TO appoint three
commissioners for the revision OF the treaty and TO
Ger with other commissioners duly authorized therefor,
whenever shall appear TO be tho wish OF the govern
Gent OF Great Britain 10 negotiate treaty. The
preamble having been adopted last session. the question
to-day rscurred the adoption Of the resolution but
this superseded by the substitute Of Mr.. Morrill,
THE REHABILITATION OF LOUISIANA.
Tho reconsideration by the Houee to-day Of the res
renee the Judiciary Committee OF Mr. Eots resou.
aion providing for the recognition Of the new State
government OF Louisiana the reception Of the Sena
tors and Representatives elect, and ts subsequent
vofereucs 70 select Committee the Reoeous States
s understood indicate the disposition Of the House 70
settle general policy In reference to the restoration OF
insurrectionary States, and establish system by which
che Individual may be detached from the oonfede-
rscy and their relations with the general government
rustorcd.
rnR NAVY YARD ToR IKoN-cLADs.
The debate the new navy yard for iron-clads was
continued to-day at soms length The whole subject
was finally laid upon table by decisive vote, II
probable that tho bitter contest and conflicting views Of
the friends Of the League Island and New London stes
win prevent any lna aciion upon the subject Al The
present session.
sgHE WORK or THE HOUSE OF RKpxBsKNr ATIvEs
The House busiy engaged In clearing OF the more
important business left at the last session But little
new business has ss yet undertaken and probably
nohng than the necessary preliminary business vii
be transacted before the holidays. But little has been
aone BY the committees yet beyond necessary routine
busness Tho Committee d Ways and Means hold daily
sessious however, and commencing the consideration
important financial measures bat viii only report on
lew matters OF pressing necessity at present They are
in communication with Secretary Fesscnden as to new
financial measures, and have obtained hs viows II
regard 70 the sources from which additional reveaue
ran be best obtained and considering new system
pf raising future loans, which shall be less onsrou'
people and less embarrassing 10 the operations Of
/ Ihe Department.
THANKS OF coNaRxss TO CoMMopoRs wINsL ov
AND LIEUTENANT GUSHING.
The House Naval Comnittcs have decided 70 report
voraby upon the votes OF thanks 10 Commodore wins
low and eu.soaut Cushing. This viii enable the Prss
isus make the desired promotions Of these ocsrs for
,sshsir gallant services.
ILLNxss IN GEN. cLARKR's yANfLR.
General D. W. O Clarke. executive clerk sf the Senate
sstm detained In New England BY illness In bic family.
oUR SAILORS.
me Secretary OF Stale communicated 70 The Mouse
day the returns made By the collectors Of customs, pu
susnt 70 The OF 1885, for the relief and protection
American seamsp, registered In Uated States ports
1884 or shs whole number (2.1se). l,o7o are rssurns
from Maine: Is from New Hsmpshirs; 141T from hassI
shuse.s, q from Rhode lsiasd; from Connecticut