The New York herald., 1865-02-14
Six Hundred Millions Of Dollars to be
Raised by Loan.
Senator E. D. Morgan Nominated fol
Secretary Of the Treasury.
He PEREMpTORILY DECLINES THE HONOR.
The Duty on Paper Fixed at Fifteen
Fer Cent by the Senate.
Large Increase OF DesertiOns from
Lees Army,
&e.s Ae., ke.

Lees Army,
&ey Ae., 10.
WAMs0ToS, Feb. 13 1865.
FINANCIAL PLANS or THE TRxAsURY DEPART.
AENT-SIx HUNDRED MILLIONS or DOLLARS TO
BE RAISED BY LOANS.
Secretary Fessenden has a last sent 70 the Committee
Of Ways and Means his financial plan for the next fiscal
year. and t h under consideration By the commit.
TO- 1t provides for loans the amount Of six hundred
millions Of dollars, to be issued In such form Of bonds
and at such rates Of interest," not exceeding per cent
- shall seem most advisable 70 the Secretary also giving
him power 10 dispose Of such loans such shall
Dc necessary whether above below par He does not
desire that authority should be granted Issue Of
additional currency, either loyal tender or otherwise
Tho committee will probably report the necessary logs
lation during the present week.
SENATOR MORGAN, OF NEW YORK, NOMINATED FoH
SECRETARY or THE rREAsURY-HIs REFUSAL TO
ACCEPT rHn NOMINATION. WITHDRAWN
There was quite sensation In political circles this
sent Senator Morgans into the Senate for secre-
tsry OF the Treasury The knowing were rejoicing
over Mr. Lincoln's SELECTION especially this the
case with the friends Of Mr. Seward But their rejoicing
was Of short duration The beautiful chance OF Seward
and Weed having everything their way during the
next torn soon disappeared
Senator Morgan ascertainsd, on his arrival at the
s,nate chamber this morning, that the President had
nominated him for Secretary Of the Treasury and mms
diaely started for tho White House. He was unable
to obtain IN interview with. tho President until
between two and three o'clock. The interview
Was Of short Duration and the conversation perompory
on Mr. Morsan's part. II resulted in the Presidents
sending hs private secretary, Mr. Hay 70 tho Senate
nd uIth wlN kaHU
the senate had time TO act upon the appointment Mr.
Morgan positively refused accept the position leaving
the President other alternative but 70 withdraw the
nomination.
Tho appointment Of Mr. Morgan Ii understood TO have
been engineered by Seward and Weed and part OF the
programme towards shaping the events for Seward In
1893. Ills thought by many that Mr.. Seward oontsm-
plated going into tho Senate to all Morgan's ter
Whatever may have boon his design. he has found
Morgan unwilling to become party any such cornbi-
nation and Stewards game blocked the present n
least
1t 10 said that Mr. Lincoln Immediately AFTER his
interview with Mr. Morgan retired, and would mot
any person until late hour In the day. He evidently
took Aorgan's doclnation very much At heart
The refusal Of Governor Morgan accept the Treasury
portfolio has caused much speculation hers tonight ~
to who Mr.. Fessendsn's successor will bc Many New
Yorksss arc urging Mr. A. A. Low, President Of the
Now York Chamber OF Commerce, for the position
Public opinion, however, IL generally concentrated
on Mr. AcCulloch, the present Comptroller OF the
Currency, ~ the probable successful candi-
date, his Superior fitness for the once
being fully conceded. In OF his appointment Mr.
Ushor will necessarily retro from the Cabinet and ssna
tor Wilkinson Of Minnesota will probably BE- assigned 10
the Interior Department
MEETING OF THE NATIONAL BANKS.
created at the October meeting, held in New York
were In session here during last week. They have had
Interviews with all tho heads of departments having
charge Of their matters also with the various commit.
toes and havs shown comnendsble desire to be in
formed Of all matters likely DO found interesting
national banks They hold al Wizards OF the
pleasanes gatherings Of the season. which found
many foa the departments also Senators and Congress
men.
INTERNAL REVENUE REcErpTs-rnH PROPOSED TAX
ON SALES.
The receipts for internal for the eleven work
ing days this month amount 10 ten and half millions OF
dollars The proposed tax Sales II is estimated will
produce At least sixty millions additional while the
other appointments before the House are expected
10 increase the revenue forty miilions a, g,
four hundred millions from this source for the next
fiscal year.
DECREAsE ON TUE DUTY or nFoRrgD PRINTING
PAPER.
The debate upon the resolution fixing the rate 5f duty
upon imported printing paper In the Senate developed
many Interesting facts with regard 10 the present cost Of
paper In this country. II appears that including revc
nue. tax and duties foreign articles which into
It's composition, the average tax the domestic article
s about ten per cent The Senators from Ohio declared
that they must disregard the Instructions OF their Legs
-~E..-
per cent in favor OF the foreign article The rate was
nxsd at fifteen per cent sending the resolution back 70
the House. where u fate is considered problsmat cal
many q the members hsviag had leisure 70 reconsider
their hasty action Of the other day.
PROPOSED MOpIyIcArioN OF THE TONNAGE LAWS.
Senator Chandler is contemplating such notifications
Of the tonnage laws regulating the Of
sells ~ win adapt their provisions steamers the
lakes and rivera Al at present construed the
this clAss Of vessels are extremely ensrcua
rREKDMEH's SAYINGS INSTITUTION
Senator Wilson oday introduced bill 70 incorporate
ths eedmens Saving and Trust Company Il includes
eorporaton, among Others William Cullen Bryant, Peter
Cooper, Gerriu Smith, hiram Barney, A. 4 lawrence
and j wAton smith
TnE NEW CABINET.
horace Greeley arrived here this evening" and fmme
datey commenced active operations in arranging Ibs
Cabinet alate He is very busy night but hopes 10
ges matters arranged satisfactorily In the course Of day
or two He has been much disappointed a Mr. Morgsns
dscunason Of the Treasury, a. destroys very nne
combinations which bad been formed for the sucoesson
10 the ssnatorshlp.
THE PREsfDEnCy.
Senator Trunbul and Representatives wilesn OF Iowa
ssd Dawsos, of Psnnsylvania compose the joint CON-
sss 70 vsN upen President Lincoln Inform him Of
his tbH and also 70 nofy Androv Joh of s
slscsioA 10 the Vice Presidency
woRx AT FONT vIsHER.
General Nccalom, superintendent Of ocvsrnmsn,
Railroads has large force a work ~ Fort Fisher con
s.ucting railway wharf He leaves with ssin larger
ssrss of laborsn asxs week for ths same peiAA
TEE MICHIGAN AND ILLINOIS sRfP CANAL.
Han n Aynoll of uIinoia Had n heartr~ h,Nnve ths