The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-03-16
BY TELEGRAPH,
TO THE DAILY PRESS.
FROM WASHINGTON.
THE POLICY OF SECRETARY
Kinston in Federal Possession.


eAA - 2 WASHINGTON. March II.
CountWydrandruke was to- pay presented to
the President by Secretary Seward The
usual friendly saiutatiOns were exchanged.
Inc Secretary of the Treasury has not yet
decided whether he will anticipate the pay
ment OF the May Interest on the 500 loan OF
the LIST OF April. Less than half million de-
mand notes are outstanding. These aud coin
only are receivable for customs under law.
Hence there is no truth in the report that the
Secretary has under consideration the receiv-
ing in payment of old seven-thirties which
merely bear currency value.
No more of the three cent fractional cur
rency is to be issued in view of coin pieces au-
| thorized to be substituted by act of Congress.
That which will be returned to the Treasury
| will rot be reissued.
1t is not true that L. NJ. Clark, in charge OF
the note printing bureau at the Treasury De-
partment, has resigned.0 He baa nd
The President, although suffering from
weakness and fatigue, received visitors to-day,
members OF the Cabinet and Senators.
The public impression reported at Washing
ton by letter and visitors having business with
the Department is, that Secretary Mccullough
Is determined to secure for the government of
the United States, at home. and abroad, the
high credit to which it is entitled; that he
will tolerate no longer the miscellaneous and
wasteful difference between gold and National
promises which unpatriotc persons all over
the country have, by combination, artifcially
created; that he knows that the resources of
this country are not equalled anywhere on this
earth, and that while he applies the economy
and caution of financier trained in severe
school of practical banking, and in which he
has acquired and established reputation for
conservatism, he will stand resolutely upon
the strength OF the nation and lean his depth
upon the people. This public impression of
McCullough's character and of his purpose of
administering the Treasury is accepted in
Washington as correct, and no doubt is felt
here that the public will heartily sustain him.
1t is that the Secretary has determined to put
down the priceIof gold to its just relations to
paper but MOTTO do this in haste, indeed to
take just care that the fall be not SO rapid as
to precipitate ruin upon any interest. But in
view OF this settled policy of the Department
it Is regarded here as wise for all men in bust
ness to unload their burdens betimes and be
cautious in assuming new burdens.
The books OF the treasury show that for some
time past the daily receipts of gold for customs
averaged 1928 300 per day. This would give
for the year, in round numbers, $95, 100000
The allowance OF interest on the public debt
passable is but IS, 100000 from customs alone.
Means to meet the gold bearing obligations of
the government are one half greater than it's
requirements.
Last night Charles Cook, formerly ticket
agent at the Baltomore Depot; Chas Williams
ticket agent at the Sanitary rooms and
Thompson the agent at depot, were arrested
by the military authorities and committed to
the old Capitol on the charge of defrauding
the government of about 5000 worth Of
transportation tickets. Thompson is charged
with abstracting the tickets from the office
and giving them to Cooke and Williams, who
disposed of them through agents. The first
suspicion Of the affair was created BY MANY OF
the certificates found aaoat in the city; and
detectives, in hunting up the matter, found
quite number of agents. They at first re-
ceived 80 per cent for disposing OF them, but
latterlys Is. % GkIIdlR usn- -rsaqi,3sq
A despatch from Fortress Monroe to the
Navy Department merely announces, "Kinston
in possession of our forces" Giving no par
ticulars. sl9a b3fHo SSH 300
To day 5 sailors, who were among Is, who,
under Lieut.. Gushing, blew up the rebel ram
Albemarle, when IL were captured aud two
escaped, were presented with medals of honor
presented by the Navy Department. Each
medal was accompanied by letter from the
secretary saying it was awarded for galantand
meritorious conduct. The names of the recip-
tents are Harry Wilkes, r. HI. Ring, Bernard
Hawley Williams, and Richard Hamilton.