The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1866-05-09
By Telegraph
Afternoon Disptches.
Failure OF Merchants National
Bank.
Virginia Freedmen.
Decision Of Judge SmalIey.
Frauds I'm Freedmen'S Bureau.
Congressional.

New York, May 8.-The Tribune
Washington special says the doors of tn
Merchants National Bank remain open
and the officers remain there, makinl
promises of future redemption, but with n
prospect of being able to fulfill them.
appears that there was on deposit from tn
Interior Department on account of the In
dian funds S32 ,907; Post Office Department
dead letter fund, waste paper fund, anC
Disbursing Clerk, So 900 Treasury Depart
ment, $4,000, ana other paymasters anC
quartermasters, S64O, ,I65; total, $6S7, ,OOO
Gel eral Spinner holds above the amount
necessary for the redemption of the
notes OF the bank about $I40, 600 leay-
ing loss for the Government of S547,-
600, without having recourse to stock
holders, or counting upon the probable
nOn-return Of a large portion of the notes
of the bank or the bank recovering, or hear
ing anything from the general assets of the
concern. The official inquiry now going on
will soon demonstrate the amount of the
private deposits, their liabilities and assets.
| Information from Baltimore indicate that
nothing of any account will be received from
| Bayne, or Baine & Co., of Baltimore. The
failure of the Merchants National Bank
has caused q general feeling of dissatisfac-
tion among depositOrs and among other in
stltutions, and to-day quite a run was mad e
upon some others, and a large amount of
/ deposits have been removed to jay Cookies
the First National, and to the United States
| Treasury. There are no other suspepslons
however, and it is announced by Maury 4
Co., that they will resume tomorrow. On
/ May lst, there was in the various public
! repositories $24 ,223, ,730 80, for which there
are Government securities held by General
| Spinner, amounting to $36, ia, 500.
The Senate Committee on Public Lands
have several important measures before
them, which will be reported in few days
looking to an early development of the
Northwest. Several leading railroad men
are here in conference with them, among
whom is a Mr.. Morse, who is urging legis-
lati5n to secure the completion Of the road
from St. Paul to Bayfield,, which makes an
outlet to the lakes.
The Inspector General of the Freedmen's
Bureau IN Virginia has Just reported to the
Assistant Commissioner at Richmond the re-
suit OF a thorough investigation of the af-
fairs Of the freedmen in the State of which
he has completed an inspection. His re-
port, on the whole, is comparatively fayora-
ble. He represents the various coiored
schools as generally we'll attended, and the
prejudice against the freedmen slowly but
ton of the freedmen has go far improved
throughout the State that all Bureau hos
pitfalls have been abolished. The emploves.
IN compliance with the terms of their labor
contracts, are furnishing the requisite med
icai attendance. The demand for labor
greatly exceeds the supply in all parts of
the Slate. The wages of the male freedmen
average about twelve dollars per month, in
cluding food, quarters and medical attend
ance.
The Commissioner of Internal Revenue
in a letter of reply to gentleman of Buffalo,
New York, dissents from the recent decision
of Judge Smalley, of Vermont, while sit
ting in equity in the western part of New
York. The Commissioner says that the
rule laid Gown by Judge Smalley as to the
cases in which he thinks the Judge ought
not to give aid TO the Assessor, must, he
supposes, be taken as the rule of that dis
trict, as Judge Hall appears to concur in the
opinions of Judge Smal.ey, but as to the
right of making a second assessment the
Commissioner does not regard Judge Small
ley's opinion, even in his district, either as
an authority or precedent, for his opinion
cannot be deemed to extend as a precedent,
in its legal effect, beyond the point on which
the case turned, viz: The Assessors right
of investigation in the manner proposed in
that class OF cases represented by the case
oil Mr.. Brown, which class, moreover, en-
braces such assessments as were made prior
to the time when the law of June Both,
1854, took effect and no such assessments
have been made since that time. The rest
Of the Commissioners opinion contains
views not called for by the case actually
before the Court.
DR.. Sayre, of New York, at the head Of
committee OF eminent physicians appointed
by the medical convention recently assem-
bled at Baltimore, were to-day in confer
ence with the Senate Committee of Com
merce, for the purpose of devisipg come
legislation to prevent the introduction and
spread OF Asiatie cholera in the United
States. After free interchange of views.
the committee unanimously instructed their
chairman to report joint resolution to the
effect that the Secretary of War and the
Navy, with the cooperation of the Secre-
tarY OF the Treasury, shall cause an efficient
and uniform system Of quarantine, to ope-
rate against the introduction into the coun-
try Of Asiatic cholera through its ports of
entry.
The Herald's Washington special says
The President has signed the bill incorpo-
rating the international Telegraph Compa-
ny between the United States and Cuba.
Senator Dixon expects to leave for his
home in Connecticut within ten days. His
improvement here is gradual, but will
probably be accelerated by the quiet Of
home.
Mr.. Bunker, on behalf of the Union Pa
cifc Railroad, is here for the purpo e of OBJ
tanning another instaIlment Of United
States bonds, in payment for twenty-five
miles Of road lately accepted by the COM
missioner. The line is now complete be-
yond Elkhorn bridge, about sixty five
miles westward from Omaha.
The War Department has suspended the
payment OF over one hundred discharged
officers, who have failed TO make the proper
returns.
Dispatches from North CaroliGa report
further acts Of malfeasanee on the part of
agents OF the Freedmen's Bureau in that
State. Colonel Whittlesey, the Commits |
sioner tor the State, with the assistance |
of some Massachusetts philanthropists, it is
alleged, have been discovered running |
plantations on private account, and work |
ing delinquent and disorderly darkies on |
them for punishment. Several arrests have |
been made, and more will be, it is reported. /
The Times Washington special says /
Nearly all the claimants of the cotton |
seized by the Government at Savannah /
have commenced suits in the United States /
District Courts Of New York against Simon /
Draper, cotton agent, for the recovery Of |
the value Of the cotton. The names num- /
Der one hundred and twenty-five, and a |
strong array o. counsel has been retained |
by the plaintiffs, among whom are James /
T. Brady, William T. Eyarts, and other /
gentlemen Of equal ability.
General siekles, who arrived here yester-
day with several members Of his staff, from |
Charleston, had an interview with General l
Grant to-day. General siekles reports AZ |
fairs gradually improving in the State. The |
labor question Is well settled, and the law |
less operations in the Northwestern portion /
OF the State have ceased.
General siekles having declined the mis-
sion to the Hague. will probably return 20 |
the command Of the District Of South Caro-
lima.
WASHINGTON, May s.-After the reading |
of the journal, Mr. Garfield, Of Ohio, moved |
to postpone the special order, being the /
constitutional amendment reported By the /
Committee on Reconstruction until the tax /
bill shall be disposed Of. He said is wOul d 1
Ia a national calaFuffv A.. Ha,ra fhz fo- hail /