The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-05-05
THIRD EDITION
THE NATIONAL CAPITAL
Special Dispatches to The EUentng Telegraph.
WASHINGTON, May 5.

WASHINGTON, May 8.
Customs.
The receipts from Customs from the 2lst to
the SOth ult at the ports mentioned, we're as
foIlows:-New York, S2,7Os, 1885, Philadelphia,
26,G93; Boston, S262, l47; Baltimor $7l,4s3.
Senator shermsn's FGndIag Bill:
The Senate Finance Committee yesterday con
sidered Mr.. Sherman's bill for the funding of the
Government securities into FIVE per cent loan.
They were unanimous in its favor, and there is
no doubt of its passage in the Senate.
Left Handed writing Exhibition.
General Grant was at the Soldiers Exhibi
ton OF left-hand writing last night. A number
oil members OF Congress were also present.
Conformation OF &. ID. Cam oh sII
Quite lively discussion took place ycJterdav
over the nomination of Lewis D. Campbell as
Minister to Mexico. Charges of intempersnce
were made against HIM, and it was alleged that
the wandering Government of Juarez needed no
Minister; but speech from Senator Wade re.
tutlng the latter point, and demanding an i'm
mediate confirmation, and that Campbell might
go to Mexico, carried him safely through his
continuation.
The Merchants' Bank Failure.
The MerchantJ' National Bank of Wa hing
ton has closed its doors for business. 1t has de-
posted with the UniUod States Treasurer
S2OOO,OOO Tor circulation, on which it has drawn
SlsO,OOO of currency. The May interest has not
been drawn. and amounts to $4,000 in gold; it
has also $lOO, 900 deposited as security for Gov.
eminent depotito. There are on deposit in the
bank $1,000 of Government money, and SllOO OF
tax due on deposits, making, altogether, $500
due the Governmen for which General Spinner
held securities, exclusive of the circulation, of
$4,000, or Sl34, 900 in favor of the Govern.
ment.
This would have let the Government and the
poteholders out safe. The notes are safe in any
event, but Major q. p. Paulding, of New York,
an additional paymagtor, had unknown to the
United States Treasurer or Paymaster-G ,aeral,
not only deposited his surplus funds there, out
had withdrawn money from other banks and de-
posted there He had drawn more money than
he had any right to have, and put it into the
bank; some oft very lately, until he had accu.
mulated there over S7OO 900. This is lost. except
what General Spinner has securities to save.
The violation of the orders of General Brice,
OF which Mejor Paulding has been guilty, makes
his securities responsible to certain extent;
but there is certainly over $500, 900, perhaps
$3.50, 900 lost absolutely. Pauldmg is in the city.
The bank has been broken by the failure of L.
B. Bayne, OF Baltimore, who was formerly Trc-
sident and is now a Director. He has, from
time to time, borrowed money to speculate on,
un.n his indebtedness amounted to nearly
SS00,000 for which the bank hes little or no Sc
curity-at most not over $4,000 in all. His
Assets, which a committee have examined, nomi-
nally Represent about $7OOOOO He has lost
largely in stock and gold spcculations, he being
at one time heavy buyer of CasawioJa and
other uncertain fancy stocks.
The private deposits are about $25O,OOO. J.B.
Stewart, OF rhe Washington and Alexandria
Railroad and the Alexandria and Fredericksburg
Railroad is one of the heaviest losers; but there
beng no statement yet made out, it will take
day or two to learn the extent of the losses.
There are stories that those directly connected
with the bank knew of its insolvency, aad with
drew their pIlv ate funds from the bank. De
poaits were received yesterday, and drafts were
given on New Fork. large crowd has been |
around the hank all day, and some of the small
depoaitors have been very clamorous; but }
outbreak occurred.