Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-04-25
0Jel&9rap5llt.
FROM WASHINGTON.
The Bill 10 APPOrtiOR National
Currency-Letler from Secretary
McCuIIOcTp

Currency-Letler from Secretary
| NcCuIIOcIl.
WASHINGTON, April 4.-The Secretary
Of the Treasury has written letter to the
| Chairman of the Senate Finance commit
on the appOrtiOnment of National currency.
He says: Senate bill 256 is seemingly gen
eral in its provisions, but in effect it sin
| giles out Massachusetts. Connecticut aud
| Rhode Island, and reduces their circulation
to certain arbitrary standard. 1t practi-
cally asserts the circulation of National
Banks in Massachusetts shall be diminished
sixty per cent, the circulation of National
Banks in Connecticut shall be diminished
| fiity-two per cent, and the circulation OF
National Banks in Rhode Island shall be
diminished seventy-four per cent. This
principle, on which the reduction is based
Is not a correct one. One hundred and
seventy-five thousand of the rural pOpula-
tiOn of Ohio or Illinois do not need tenth
| part of the amount required by the manu-
| featuring and commercial communities of
Rhode Island. This bill is an amendment
to section 81 of the present National Cur
rency act, and proposes to withdraw circu-
lation from banks by reducing the rates
which it shall bear to capital. 1t will
affect banks in all the States more
or less by certain fixed rate. The reduc-
tion is to be effected gradually as the circu-
latiOn becomes worn and mutiated and is
returned for redemption. The amount by
which the circulation is to be thus dimin-
Lished apprOximates $25,000,000, and it is
proposed, in anticipation of this reduction,
TO authorize the issue of circulation to
| banks in States that have secured the least
prOpOrtiOnate amount of circulation as it
may be needed.
The Secretary thinks it is important that
Southern State banks should have an OPP
portunity to become National Banks.
Otherwise, by the operation OF law of the
United States, they will be compelled to
wind up after the first day of next July,
and that it is a matter of great importance
that provision shOuld be made to meet the
wants of those States which have been in
rebellion. Banking facilities are necessa-
ry to develope the industrial interests of
the South and to stimulate the protection
ofthOse States which enter so largely into
the financial interests of the country.
Contracts for Carrying the Mails.
In the great letting of mail contracts,
about 5000 routes have been concluded
Kentucky, Tennessee, Indiana, Illinois,
Michigan, Wisconsin, Minnesota, Dakotah
Territory, Kansas, Nebraska and Missouri
are the States embraced in this regular
letting, besides which there are one or
two thousand more of miscellaneous routes
in New England, New York, Pennsylvania,
Maryland, and points near here, and which
are now let under special advertisement in
some of the States. The proposals were
found considerably in advance of those de-
mamded four years ago; in others, offers
were made at lower figures so that, as an
average, the entire results are in favor of
the Department. This is by far the largest
| hnl n Ia
competition throughout was spirited show
ing the mail service to be in high credit
among men of intelligence, enterprise and
wealth within the respective States.
Moses f. Odell was yesterday confirmed
by the Senate as Naval officer at New
York.
The President has filled all the appoint
ments in Virginia Tor the Internal Reve-
nue., with parties who, it is said, have taken
the test oath.
Union Dead.
The Quartermaster General says he has
reports of the interment of nearly 100000
Union officers and soldiers. 1t will per-
haps be necessary to have another National
cemetery. One million dollars will be re-
quired to protect them from desecration,
and it is recommended that general sys-
TEN be adopted.
General Thomas has issued an order
warning the people against plowing under
or disturbing the graves OF our dead at At
lanta.
COBfirmatiOns by the Senate.
The Senate in Executive session have
confirmed the following nominations: Den
mis- G. Cooley, of Iowa, Commissioner OF
Indian Affairs; j. B. Rogers, of Missouri,
to be US. Marshal for the Eastern District
of Missouri.
A Radical Postmaster Removed.
New York, April A.-The Commercials
Washington special says: The PresidentAas
appointed Wade Hampton, relative of the
South Carolina rebel General, Postmaster at
Pittsburg, Pa, removing Radical incum-
bent.