Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-05-06
BYTELEGRAPH.
TIE DISPATCHES OF THE ASSOCIATED PRESS
NOON DISPATCHES.
FROM WARRINGTON.
The Failure of the Merchants National
Rank.


WASHINGTON. May SIT is not known exactly
what amount the Government will lose by the
failure of the Merchants National Bank Of this
city, but irrespective Of the sum that may be lost
on account of the deposit of paymaster Paulding,
the Government would be the creditor the bank,
about $4,000 The United States Marshal has in
bonds to secure deposits 100000, and so 900 to Sc
cure the notes of the banks also $1,000 in gold,
being the interest due the bank against the total
amount is to be charged $4,000, circulation of
the bank, and $1,000 deposit 1t is understood
that paymaster Paulding had deposit in the
bank of one half million dollars, supposed to
have been out of sums drawn from other deposl-
tories and transferred to the Merchants National
Bank, contrary TO an order from the War De-
partment which directs 1isbursing officers to keep
their funds on deposit in repositories, upon which
the Government draws in favor Of the disbursing
officers r. qusition TIE last draft drawn by the
United States Treasury in favor of .paymaster
Panlding, upon the Merchants National Bank,
was dated January 4th. 1866. for $4,000 and
drafts upon other repositories to the amount of
several hundred thousand dollars in favor Of
Paulding, have been executed since that date.
The Habeas Corpus Act.
A committee of Conference having agreed on
the amendatory habeas corpus act it has passed
both Houses, and only wants the signature of the
President TO become law. 1t protects every Off
Ger of the Federal Government who was acting
under orders, and who made what is known as
arbitrary arrests during the war. Italso removes
all suits brought by aggrieved parties against
such officers from the State Courts to the Federal
Courts. As has been heretofore stated, it trans
e from
the kentucky local courts to the United States
courts. The bill provides that the production of
a telegram or an order by an officer for such an
arrest, is sufficient for his defense.
Adjourned till Monday at 10 An.
The National Debt.
The Senate finance committee had under con-
sideration to-day, the bill introduced by Senator
Sherman, to reduce the rate ofinterest on the ma
tional debt, and for other purposes. The commit
tee are understood to be in favor of the measure.
1t is stated that Secretary McCullOch is very anx-
iOus that the measure should be adopted with as
little delay as possible, and has accordingly ad
dressed a letter to both the Senate and House
finance committees to that effect. 1t will be re-
ported to the Senate early next week. and imme-
diatey put on its passage.
EquaIizing the Currency.
The subcommittee on Finance, to whom was
referred the bill to equalize the currency Of the
National Banks, among the States, made their
report to the committee to-day. No action was
taken on the subject, and it was postponed until
the next meeting.
Internal Revenue and Custom Receipts.
The receipts from the internal revenue to-day,
amounted to $1,395,Sl3. The receipts from Gus
toms from the 2lst to the 30th Of April, at the
ports mentioned, were as follows: New York,
81 EOS, 933; Philadelphia, S326,593; Boston,
81 631 AZ; Baltimore, ST., 49,
The Army Bill.
The maximum strength of the regular army,
according to the tenor of to-days discussion in
military circles, will be 10000. The Senate army
bill provides for a staining army of 5O,OOO with
corresponding increase of the staff as the differ
ence in numbers as the old army now stands is so
small, many members, with one eye to the already
heavy taxes of their constituents, favorng the
of the consideration of any army
increase until next winter. and in the meantime,
asked Gen. Grant to call mixed board of his
best officers, and let them agree upon bill to be
to Congress at its next session for their
action. This programme is gaining strength, and
is thought will ultimately prove acceptable TO all
parties, and relieve CSngress of the pressure for
military officers.