, 1866-03-05
FROM WASHINGTON.

National CufTeHey-AatatAkes Correct I'd
Tho Rebel TreAAoFe ReAEore2 By III e
Prcsfdent-PEfxe Moaey-Prppo~ttlor
to sssue Land HondS-1nteranI Rcye-
: nue B3sbu3Demenk1-NAIton Bank
and Fra ctIoR4l Currency.
(specnl Despatch to the Chicago Mbnne.1
=, WASHINGTON, March s.
The published statements made from time to
ume Of the aIouut OF Currency lssued By the us-
tionA1 banks. BY the comptroller OF the currency,
2ss hsble to be misunderstood BY r,any persona who
have been informed that The limit fixed BY Law bad
been reached. The fac, ia that NATIONAL banks have
been Organized which entitled to receive ctrrn1s
ion trom The comptroller 10 tho full extent of Tia
provision made by Law; but the notes cauuot be
prepared and ssued to these banks as fast a. they
are organized Hence the apparent disc1tpancJ'
Another fact also requires explanation III tnls
connection. II L reported from time to tina that
Comptroller OF The Currency. The fact Is init no
National Banks have been authorized ioy some
months, bat some which we're granted si1 Or eight
until the present time. Quite number OF State
Bank+ which applied for conversion into Nauouul
Banks. and hled lheir papers prior 10 the attt Of
to 50 into operation. for the reason that The out
Standing State circulation lam excess OF The amount
allowed By law for National Banks, and 1ha cetttf-
dueed to 80 PER cent Of 1he capital oi the sank.
On the day H1:hmond WIS esacrated the banks
there put al Of their coin. amounting to son1e 3aa
GOO In gold, INTO the hands Of special agent, who
Ens directed 10 seek place ofssietY. caf!.1ns out
the Instructions received 10 The best OF his ability
he wandered about the country for mouths, was
overha1led occasionally By Smuggling soldiers with
whom be ~ oiten effected acompromise, and final nj
y reached Washington, Ga, With only x1@W9,
dent directed this money % be turned over to the
Unlted States, and last fa it WIS brought to Wa.h-
fnyton and nfared In chhrre of the Treasurer since
which time the pank oE3ce1a hare been making eT-
cry e1ertoa to recover their treasure, but were un
successful, until Today when final appeal TO the
President resulted In restoration Of the money to
them.
4 statement ii being prepared In the Treasury
Department showing the amount OF pItze money
recelred bJ each Of our Jack Tars during the hte
var. Some OF the Eeamen received ~ much as
$12oo0 and only few, 1t r said, less than s., ,O0O
A proposition has been sanbmitted to Secretary
McCuiloch BY German named 3turze for tho issue
Of land bonds, or United States ec,p nttnE
The value Of certain number Of acres OF .snd, to
be sold aZnone Tho lower cla.fes Of Germany. Nj
Sttrze eays the desire to posses lands 10 this
country Is universal among tho German laboflng
ready tale among them, besides enormously In
ersaslnG eraiguttou to the United Statee.
Nj. Thomas Il; Mezneaz, President of the City
Council q Cincinnati Today received fsom TIE
Erty Smith raids.
The receipts rom tnternal revenue last week
The disbursements and transfers Of The Genera,
Treasury during ten days preceding the tlIst ol
March amounted 70 $51.1as- During the same
Ssp7: ts =; making the total now in circulation ss5s
se7en hundred and two thousand doslars worth
OF fractional currency rere lssued BY the Treasury
during the week. or which amount $ll7.no0 uett
sent 10 the Ass,.tant Treasuress In The Weat ant
NQGthEeat