The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-12-14
THIRD EDITION
w AS n N G. TON.
REVENUE.
A Gratifying Statement-Immen
Receipts ofthe First Half Of the
Fiscal Year i867-A Mil
lion Per Diem, Etc.
ESPECIAL DESPATCH TO THE EVENING TELEGRAPH.

lSPEClAb THE EVENING TELEGRAPH.
WASHINGTON, December IA.
The receipts from internal revenue sources
for the present fiscal year, commencing July l,
1885, up to the 18th instant, inclusive, amount
to the heavy aggregate of S157, ,00O 900. This
gives an average Of over $3.50, 900 per diem for
nearly oix months past or one-half of the fiscal
year of 1867.
If this average should continue for the bal
ance of the year in question, the total revenue
received from this source alone, independent
of customs and other sources, will reach the
enormous sum OF nearly S35O,OOOOcO, much
greater than the aggregate for the fiscal year
1885, which amounted to $500, 900, 1000.
The late new Tax law of July l3, 1856, was
constructed upon the basis of an estimate Of
275,OeO 900 for the fiscal year Of 1857.
Financial Matters.
From sources Of information usually well in
formed, learn that the Treasury Department
does not desire to keep down the premium of
gold below forty per cent. at present. AS the
conversions of 7'30 notes are nearly impracti-
cable with any less premium, the Wner of 7'9O
notes cannot convert at present prices without
loss of over one per cent The low rates of in
teres on money in London, Paris, and Frankfort,
and the increasing supply, are received here as
evidence that large balances will be left on this
side for employment here, thus giving ease to
the New York market. The Blaine proposition
to allow the States to tax the national banks to
satisfy war claims, appears to receive but little
favor at the hands of the majority of Congress
In well-intormed quarters it is deemed to be i'm
practicable to spare much as two millions OF
gold per week for sale under the terms of Mr..
Bout gelrs bill, and if the bill is passed at ALL the
Uil ohph hlv he tO an of
one to one and one-quarter per week. The bill
will not be reported, probably, before the close
of next week, and then in modified form. The
Bank bill reported to the House yesterday by Mr.
Hooper, Chairman OF thee ommittee on Banking
and Currency, to amend an act 10 provide ma
tonal currency, secured by pledge of United
States bonds, and to provide for the circulation
and redemption thereof is, in all its main fea-
lures, similar to the bill reported last year, as
an amendment TO the act of 1854, and for which
this is a substitute. First it limits the circula-
tion of any one bank to S1,OOO,OOO; second, re-
dempton in New York; third reduction of the
circulation of existing banks $50, 900, 900, by
! scaling down the circulation of all banks whose
capital exceeds S3OO,0O0 fourth, distributing
| $4,000, 600 of this circulation equally among
! State banks yet to be converted into national
banks, and to new banks in States that have
heretofore received the le asst ratable proportion
of circulation; fifth, fuller and more complete
returns to the Comptroller OF the Currency;
sixth, more power to the Comptroller TO close
up defauting banks; seventh, more severe pun
ishment for counterfeting. From the test votes
recently taken in the House, the friends of the
national banks are in decided majority 1t is
believed that this bill cannot pass in its present
shape, both on account OF an infringement Of
vested rights and other harsh and ilibaral pro-
visions, among which is that compound interes.
notes snail not be counted in the legal reserve
and that each bank out of the State of New
! York has to provide three different places for
redemption-First, at its own counter; second,
at the bank of redemption of the local associa-
ton; and again IN New York city.
The Pennsylvania SenatOrship.
Colonel John w. Foruey retires from the con-
test for Senatorship in Pennsylvania in favor of
Thaddeus Stevens, in the following letter.
WARRINGTON. ID. @, December 13.-My Dear
Sir:-Snce wrote you yesterday have carefully
considered the several suggestions venured TO
make in regard to the election of Senator in Con.
from Pennsylvania for years from the 4th OF
ton strengthens my conviction that 1t is the duty of
every member of the great Republican Union
OF obtaining the services OF a statesman who viii
most faithfully and fearessly defend the radical
principles which alter the most thorough political
canvass in our history commanding
victory in Pennsylvania on the 9th of October last
to say that think the election OF Hon. Thaddeus
Stevens, the successor of Mr.. COwan, would pro.
mote lasting harmony in our political household and
" Ould unquestionably secure TO the State and the
nation a champion OF those great principles of
matcbless experience, integrity and courage. Ihls
remarkable man, Notwithstanding hls great age,
constantly exhibits all the intellectual vigor of his
prime While we daily admonished OF the wisdom
and the justice OF the remedies he suggested nearly
two ears ago, we are constrained to admit that
If they mad been adopted many of the deplorab'e
results of Presidential perfdY would not
be dishOnOring and disturbing the land. 1t is the
simple truth, to add that the sentiments and sug-
pletely in Pei nsYlvania the recent ion, and
contributedmOre powerfully to that triumph, than
the sentiments and suggestions of any living Anne
Ecan. The great Republican Union organza
ton, including as IL does hundreds of Thousands
or his former political opponents frankly accepts
and gratefully acknowledges him as its most
conspicuous leader. III we in PennsYlvania ele-
| vale him 10 the position of Senator, we simply
| respond TO the general desire OF our political
frieI ds in other States and in doing this believe
| would do what any one of them would do for such
| a man within their own border. Would 1t not be q
happy Termination of an illustriOus life never so
ii ustrious as during the successful overthrow of that
tury ago Thaddeus Stevens was among the first and
boldest TO oppose, II Pennsylvania, through her
Union Republican Legislature, voluntarily rendered
TO him the only high Office she has in her Immediate
| gilt |r
am dIscharging q simple duty In asking you to
| withdraw my name, should II be presented In the
| Union caucus as candidate for United States
| Senator. thanking You most cordially for the ex-
preston of your Willingness to give me your vote
Tor that high Ofhce remain, very truly, your
! grateful friend JoHE W. FoRNEY,