The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-12-14
WASHING ToN.
The District Of Columbia Franchise Bin
Passed in the Senate.
The Educational Qualification Clause
Rejected.
Passage Of the Deficiency NM in
tho House. esfw
wAsHlsosos, Dec. Is, 1896.

wAsHNoFoN, Dec. Is, 1896
Finaucsnl Mnfterv.
From sources Of Information usually well Informed
learn that the Treasury Department does not desire to
keep down the premam Of gold below forty per cent at
present As the Conversions Of seven tenth notes
nearly Improbable with any less premium, the
owner OF thre~tenth notes cannot convert
at present prices ~hout loss OF one per cent
The low rates Of interest on money in London Paris
and Frankfort and the increasing supply are received
here as evidence that large balances will be left on this
ads for employment here thus giving ease 10 the New
York market.
The Blaine proposition to allow the States to tax the
national banks satisfy claims appears to receive
but little favor the hands Of the majority Of Congress
In well informed quarters II is deemed 10 be impracti
cable spare as much millions Of gold per week
Cor sale under the terms OF Mr. Boutwell's bi and II
abr bill is passed At all the amount will probably be
limited TO average Of TO and onequarer per
week. The bill will net be reported, probably, before
the close OF next week, and then modified form.
The Bank bill reported 10 the House yesterday by Mr.
Hooper, chairman Of the Committee Banking and
Currency, amend net provide national currency.
secured by pledge OF United States bonds and 10 pro-
vide for the circulation and redemption thereof Is in all
Its main features similar to the bin reported last year.
amendment to the of 1864 and for which this
one bank to s1,oo0,000; second. redemption In New
York. third, reduction Of the circulation OF existing
banks $sl 100000 by scaling down the circulation OF
all banks whose capital exceeds $500 900; fourth,
distributing $50 600 900 OF this circulation equally
among State banks yet 10 be converted into
national banks, and to new banks in States
that have heretofore received the least ratabe proportion
Of circulation fth, fuller and moro complete returns to
aho Comptroller OF tho Currency; sixth, more power to
tho Comptroller to close up defautng banks; seventh,
punishment for counterfeiting. From the
Test votes recently taken in the House the friends Of the
national banks decided majority. II is believed
shs bill pass its present shape both account
of Infringement Of vested rights and other harsh and
illiberal provisions among which s that compound in
shall not be counted 10 the legal reserve,
and that each bank out OF the State Of New York has to
provide three different places for redemptonF First at
its counter second at the bank OF redemption Of
the local association, and again in New York city.
Blockade Running Claims Of the United
States Against Frazier, Trcntolm e. 10.
The settlement made by Consul Morse at London with
Frazier Trenholm Co.. the dsavowal Of which by
she United STATE mentioned in recent dispatches
nom this city purported be settlement OF all claims
Of the United States sgainst that nrm, involving many
shousand pounds sterling II appears that proceedings
IN Cbancery were being vigorously prosecuted by
Consul at Liverpool Mr. Dudley who had succeeded in
forcing Frazier Trenholm l. Co. into q position
where they compelled 10 make full
disclosure oath OF all tbs dealings Of that blockade
running arm with the Confederate government,
incudins all the transactions Of the rebel Secretary
Of tho Treasury Mr.. George A. Trenholm together with
full exhibition Of all their books and papers To avoid
this dsagreeaoe and fatal disclosure Frazier Trenholm
. Co sought and Effected the settlement which has
been clandestinely made, through Consul Morse and
enc Montgomery Gibbs, reputed agent Of tho Treasury
Department which agreement provides for dismissing
all the legal proceedings in England and the United
States and giving mp all claims OF the United States
and merely requires that Frazier, Trenholm Co. shall
State not under OATH what Confederate property they
have had in their possession; that they shall dispose OF
abe same and after paying themselves 100000 which,
without any statement Of anaccount s agreed upon
she Indebtedness of the Confederate government 70 Them
aud that thoy shall pay the remaining balance TO the
United sta,es This settlement was made BY Consul
Morse under color OF general authority from the Treas
sry Department, to Confederate property In Eng.
hand but has been promptly rejected by the United
States government the ground thsi 10 renquIsh-
sing everything 10 Frazier Trenholm Co.. and was in
sct utterly without authority the part Of the Consul
q London, whose Instructions did not apply 10 thsss
proceedings which under the sole management Of
sbe Consul At Liverpool and that Nh. Morse made the
pretended settlement behind the back Of Consul Dudley
and without the knowledge Of United States Minister
Adams, without whose sanction no action az Consul
Morse to be valid Tho disavowal Of the agrosment
having forward to England by telegraph due legal
procecdinss will be renewed and pressed with vgor
ansil every dollar Of Confederate properly shs hands
u The chief financial agents. Of the rebellion shall b
cured.
Appointments seas 70 the ssssse- -Csrrsesss..
The President has sent V the Senate fcf cennsuasiea
large number OF appointments made BY hin dusiAs
abe late recess includes the appointment cf Gsns
Dir az Minister 70 Franco Az the Senate has not up 70
noon today had exscuive session since its meeting
IN the nfss Monday Of Dscsmbss he report Aas the
appointment " thai gentlemen has ossn csnArmsd n
erroneous
The Holiday Recess ss Cengress.
The joint resolution introduced In tho House 70 day
BY Mr. Wsshburns. Of Illinois providing that whom Con-
sss adjourns on Thursday. December 20 1t adjourn 70
again Thursday, January ., 1851, vas ssurdily
contested by al the evasions known to the rules or
segisation, but vas finally adopted lis believed how
sver that the sensis win not this resoutioa
The prevailing improssion being that the holiday recess
VI Congress should be = short possible longer
Than week a the farshest
Ths COMMITTEES Or IavssssnAsiss On insernsl
Revenue Frauds % viHls New York.
Mr. Dariings special committee for the investigation
81 The frauds tho internal revenue leave here topor-
row morning for New York Their researches VIII be
conducted there until Monday next when they viii
surn 70 this city. @
The New Orleans Riee-Tsstimsny Before she
Cenxres.Eessl Cemnsistec.
ms Clerk of House to-day delivered 10 the Pres
don, the resolution Of that body calling for all nforma
tcn Ia his possession relative 70 the New Orleans not
win be r.rnsmoered that several months ago all the
papers IN the hands Of the Executive given the
press, and Is no, believed thai much, any add
fiouai matter remains unpublished
Thomas ,. Duranl the present Onion CANDIDATE for
Governor Of Louisiana VINO ID In Washington, and
Who has been resident Of New Orleans for thryhrec
IN the practice Of the law and high oacai pc
sops, and who has been giving testimony before The
Congressional COMMITTEES, tessoed that sbe entire
srcl o. New orsaos dcrns tho Jaly not well now