The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-04-18
From washingson.

NI
President, and become law. It's
passage by the Senate has caused no
such futter in financial affairs as was
Witnessed wien the bill passed the
House, as financiers have discovered,
from o careful reading of the bill, and
the authority it confers, that there is
nothing In it to warrant the belief
that there will be anything done to
dlsarrange the money market, or
cause any immediate essential change
IN gold. I have conversed with Sc
'versl OF our leading moneyed houses,
and this is the opinion they express.
The Secretary of the Treasury is
not exceedingly in love with the bill,
and only accepts it under protest.
In his published letter of the 23d ult.
after the bill had passed the House.
he said that he should have stpre-
ferred that the bill had not become a
law, and there is no question that
he holds this feeling still, though will
ling to trust it, somewhat, now that
the measure has gone through both
branches.
The failure of the amendment pro-
posed by Mr.. Chandler to strike ont
-ne clause allowing the sale of the
bonds Elsewhere" than in the United
States, is regretted by many, though
1t is not likely the Secretary would be
able to make much headway in the
sale of. bonds abroad, limited, as he
Is, to the payment of interest only in
currency. This, of itself, would
besa damper upon foreign invest
ments in new bonds, while it would
or should add to the strength of those
which are pledged to gold interest.
AS commencement in the line of
contraction, the Secretary of the
treasury, this morning, gave direc-
tions for the immediate destruction
OF all the compound interest notes
that might be sent in for redemption.
The advance iii gold and foreign
bills, to-day, is attributed to a fear
that there may be considerable return
of our bonds from Germany in the
event of actual hostilities in that
country.
Special Agent Parker, who has SUI
peryision of the Virginia mail service,
came up yesterday, and reports most
favorably on the restoration of postal
facilities in that quarter. Contractors
are performing the service regularly
and with fidelity. The post Offices
are well attended to, and the people
are generally highly pleased with the
mail arrangements.
The President has no doubt init
mated his purpose to release Jefferson
Davis on parole, as neither Congress
nor the United States Supreme
Court will take any measures for his
trial He has taken care that his 30
sition on the subject should be un-
derstood.
Though the bankrupt bill has again
failed in the House, it is believed that
the friends of uniform system of
laws relative to debtors and creditors
will ultimately prevail. One of the
chief objections to any law at this
time is that which was urged by Mr..
Stevens, to-wit: That it would enable
Southern people to get rid of their
obligations due in the North. But
the Northern creditors are the most
supporters OF the measure,
and are quite willing now, as they
have represented to the select COM
mittee on the bankrupt bill, to meet
their Southern friends on this ground.
The report has been repeated from
time to time that the President is on
the eve of issuing general amnesty
proclamation. There is nothing to
warrant such rumors. The policy of
such q measure has not been agitated
in official circles, and whatever has
been said i'll newspapers on this sub
lect is mere conjecture. It cannot be
doubted that the President will soon
follow up his peace proclamation with
an extension of amnesty to some
classes heretofore excepted from it.
He has conferred with General Grant
and NJ. Seward on this subject. They
are believed to favor this policy.
Orders were long ago issued for the
of neutrality ON the
Northern border, in view of the Fe-
nian agitation.
General Robert E. Lees name does
not appear in the list of 127 ex-rebel
generals who have petitioned the Pre-
sident for pardon.
Correspondence Baltimore SIN.
Previously to the war purchase of
fifty hogsheads of bacon, by firm in
AuoJlStn Ceoroia ~ Cb;J3s 6, Go-