New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-14

inasmuch as the secretary Of the treasury desires
to avail himself Of its provisions at early day
1t appears from the last report submitted by the
Ways aud Means Committee that large number
Of articles have been added to the free list which
were not in the former report, and which looks to
still further reduction of the internal revenue
taxes, which will probably meet with strong oppo-
sitiOn in view of the fact that the business of the
whole country has fallen of largely, and the in
comes will not be half what they were in 1864.
The repeal of the tax on slaughtered animals,
which produced 81 100000 of revenue, and also
that on iron and coal, will be strendOusly opposed.
The committee stated to-day that they hoped to
carry their measures nearly as reported.
The Senate special committee appointed tolook
into the present telegraph system with a view of
adopting some new arrangement which will be
more economical, have calledu upon the postmaster
general for his views to the prOpriety of con-
Meeting It with the postal system. The postmaster
general is preparing an elaborate report thereon,
which Will shortly be transmitted to the Senate,
and the committee will therefore wait for this re-
port before any definite action is concluded.
| THE INTERNAL REVENUE B1LL-THE TAX ON COTTON
FIXED AT FIVE CENTS PER PoUND-PRIzE FIGHT
THE COLORADO AND THE HABEAs CORPUS BILLS TO
BE VETOED.
WASHINGTON, May 8.-The House at its evening
session, after considerable debate on the internal
revenue BILL finally fixed the tax on raw cotton at
five cents per pound, to be taxed in the hands Of
the producer.
A prize fight took place between a Baltimorean
named Catern, and Washingtonian named Batter,
on the Potomac, this morning, near Mount Vernon
About i've hundred people were present. Forty
five rounds were fought in fifty minutes, and the
Baltimorean was declared victor. On the 29th
round the Washingtonian broke his wrist but con-
tinued to fight on.
1t is very current rumor in good quarters to-
night that the President has not only determined to
veto the Colorado bill, but the bill amendatory Of
| the habeas corpus act.
THE MERCHANTS NATIONAL BANK FAILURE-ITs
EFFECT UPON OTHER BANKING INsTITUTIoNs--GOy-
| EMINENT FrNANCEs-THE VIRGINIA FREEDMEN
| IMPORTANT MEASURES RELATIVE To THE FURTHER
| DEVELOPMENT OF THE NORTHWEST.
| WASHINGTON May S.-The doors of the Mer-
! chants National Bank remain open, and the off
GERS remain there, making promises of future re-
| demption, but with no prospect of being able to
| fulfil them. 1t appears that there was on deposit
| from the interior department on account of funds,
S32 937 post Office department, dead letter fund,
! waste paper fund and disbursing clerk $1,000;
! treasury department $1,000 and other paymasters
and quarter masters, S640, l63; total, SGS7 900.
Gen Spinner holds above the amount necessary
! for the redemption of the notes of the bank
$4,000, leaving aloss to the government Of S547
| 600, without having recourse to stockholders, or
counting upon the probable non-return of a large
portion Of the rates of the bank or the bank re-
covering or having anything from the general as
sets of the concern. The official inquiry now going
on will soon demonstrate the amount of the pri-
vate deposits and their liabilities and assets. In
formation from Baltimore indicates that nothing of
any account will be received from Boyne Or Boyne
| g. Co., of Baltimore.
The failure of the Merchants National Bank has
| caused general feeling Of dissatisfaction among
| depositors in other institutions, and yesterday
| quite run was made upon some others, and a
large amount of deposits have been removed to
jay Cookies, the First National Bank, and to the
United States treasury. There are no other sus-
pensions, however, and it is announced by Maury
4 Co. that they will resume to-day.
On May there was in the various public deposi-
tories S24 223 $50 &c. for which there are govern.
ment securities held by Gen. Spinner amounting to
$36 ia 500.
The inspector general Of the freedmens bureau
in Virginia has just reported to the assistant com
missioner at Richmond, the result of thorough
investigation Of the affairs Of the freedmen in the
State, of which he has just completed an inspec
ton. His report on the whole is comparatively
favorable. He represents the various colore(
. schools generally well attended, and the preiu
dice existing against the freedmen is slowly bu
steadily diminishing. The sanitary condition o
: the freedmen has so far proved throughout thu
: State that the bureau hospitals have beef
abolished, the employers, in compliance with tn
terms Of their labor contracts, furnishing the re
d quisite medical attendance. The demand 70
l. labor greatly exceeds the supply in all positions Q
+ the State. The wages of the male freedme
average about ST. per month, including fOoG
: quarters and medical attendance.
e The Senate Committee on Public Lands hav
several important measures before them whc
n will be reported in a few days, looking to a
early development of the northwest. Sever
leading railroad men are here in conference swit
d them, among whom is Mr.. Moore, who is urgin
! legislation to insure the completion of the roa
Z, from St. Paul to Bayfield,, which makes an ouu
i to the lakes.
PAYMENT SUSPENDED - MASSACHUSETTS PHmAl
THRoPIsTs IN TEoUBLE-IMPoRTANT COTTON sun
AFFAIRS IN SOUTH CAROLINA.
WASHINGTON, May S.-Dispatches from Mort
Carolina reveal further acts of malfeasance on th
= part of the agents of. the freedmen's bureau
Z that State. Col. Whttlesey, the commissioner fo
the State and several of his subordnates with til
assistance of some Massachusetts, philanthropist
it is alleged, have been discovered running plant;
tons on private account, and working delinqueI
or disorderly darkeys on them for punishment
Several arrests have been made, and more wi
al be.
Il tits reported that nearly all the claimants of til
a. cotton seized by the government at Savannah haV
n. commenced suits in the United States distri
lie court of New York, against Simeon Draper, cotto
n agent for the recovery of the value of the cottOl
e The suits number one hundred and TWENTY-FIVE
at and strong array of talent has been retained
lie the plaintiffs, among whom are James 7. Brad
lie William Evarts and others of equal ability.
,e Gen. Sickles reports affairs gradually improvir
le in South Carolina The labor question is We
e settled, and the lawess operations in the mort
IT, western portion of the State have ceased &c
g SCkles, having declined the mission to the Hagu
ID will probably return to the command of the d
lie trict of South Carolina.
ID DISCUSSIONS ON THE RECONSTRUCTION REPo
" LIMITED TO HALF AN HOUR EACH.
al w ASHlNGTON, May S,--an ample OppUTIuDl
nd will be offered in the House for general expire
" sion of views on the pending report of the Coz
g mttee on Reconstruction. The speeches of t
d members are confined to half an hour each.
- ready more than 80 members have entered thu
~ names on the lists, and they will be recognized
of rotation.
ty BILL OF INDICTMENT PREPARED AGAINST JET
DAvIs-THE LATE CABINET MEETING.
on NEW YORK, May S.-The Commercials spec
ry says: +" United States District Attorney Chand
5e. has prepared bill of indictment against Jeff.
tn wis., at Norfolk 1t is understood that Chief JUST
as Chase will not preside at the trial"
~ The Washington Republican says the report
ey the cabinet discussion reconstruction was FRI
as the highest source, and that Secretary Stanto
lat opposition to the plan was as equiVocal as that
W. any other member.
ms The POSTS special says that in the Senate
be nance Committee during the discussion of t
m new loan bill objections made to the clal
exemptmg bonds from State and income taxes
70. IMMENSE NUMBER OF FOREIGN PASSPORTS IssUl
fc WASHINGTON, May S.-The number of Americi
nd visiting Europe is shown by the amount of pa
*. ports issued by the department of state to
largely increasing. More have been issued in i
led than in any previous year.
ms STRIKE AMONG THE LABoRERs ON THE PANA
SEES SPRINGFIELD RAILROAD-ARREsT OF THE CT
.he sPIRAToRs.
ln5 SPRINGFIELD, ILL.,. May 8.-The report of a str
an' among the hands engaged in throwing up the