Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-08-24
Spec1aIDtspatches.
RECEIVED Up TO O'CLOCK, An
Special Dispatches to the Western PrOss.

LETTER FROM SECRETARY ACULLOCH.
In response TO an invitation to attend
dinner of fnanciers and others in Boston,
Secretary McCulloeh sent letter declining
the courtesy, with the following remarks:
"Although it was hoped that ere this the
currency Of the country would have been
brought nearer to the specie standard, am
sure that the people have cause for con-
graduation that our finances are in 80
healthy a condition as they are. Since
March, 1865, the war has been brought to
have been dis5shGsd every s6IosT 81 las nss
been paid before being mustered out of the
service, and all maturing obligations of the
Government have been satisfactorily pro-
vided for. while the national debt is nearly
$3.50, 600 less than it was estimated It
would be at the present time. The reduc-
tion of it has averaged for the past year
more than $10,O00,000 per month. If no
other nation ever rolled up debt so rapidly,
none certainly ever commenced the reduc-
tion of its debt so soon after its creation. If
our currency is deprecated, we have SO far
escaped the financial troubles that usually
occur among nations at the close of expen-
sive wars, and which there was reason TO
apprehend woGld happen US at the termi-
nation Of the great war in which we have
been engaged. If the business Of the
country is conducted upon changing and
uncertain basis, it has been subject to no
severe revolutions. If our taxes are heavy,
our resources are unlimited, while the dis
position of the people to bear cheerfully
their burdens is surprise even to those
who have the greatest confidence in the
honor and good faith of free people. In
my opinion the people of the United States
are to make republicanism Ilustrious
among nations by establishing the fact that
the securities of Republican Government
are the safest of all securities, and that the
people who impose taxes upon themselves
are the most jealous of their national credit.
1 do not, however, disguise the fact that
great financial difficulties are still 20 be
overcome; that our present prosperity is
rather apparent than real that we are
measuring values by false standard that
we are in fact exposed to all the dangers
which attend an inflated and redeemable
currency, which diminishes labor. The
specie standard must be restored, prices re-
duced, industry stimulated, the products of
the country increased. The balance of trade
between the United States and other nations
seem to be against US. All the great inter-
terests of the country cared for and protect
ed by wise and impartial legislation, and
all sections of the country will be brought
again 10 harmonious and practical relations
with the general government. That the
country will be again thus really prosper
GUS is as certain as anything in the future.
That it should be so at an early day, and,
too, without financial troubles, it is necesss-
ry to have proper legislation by Congress,
economy in public expenditure, and fidelity
on the part of those who are entrusted with
the management Of the public revenues.
Trusting that you win pardon me for
writing SO long letter in acknowledging
the receipt of your kind invitation, re
main yonr very truly obedieEt servant,
EUeE McCULLocH.
Messrs. William Gray, Nathaniel Thayer,
Thomas B. Wales, Andrew Hull, and
others, Boston, Mass.
HEAVY sToRA.
PoRr Hoop, N. g., August %, 10 P. M
A very heavy storm has prevailed to the
eastward all day and still continues. The
land wires work very hard, which accounts
for the non reception Of farther European
intelligence.
PROCLAMATION.
CHARLESTON, August 23.-Gov. Orr has is-
sued q proclamation convening the State
Legislature on the 4th Of September for the
purpose of adopting the State laws to the
recent acts of Congress, and for the relief #
the financial embarrassment Of the people
of that State.
FINANCIAL.
WASHINGTON, August 23.-The 7-30 treas
ury notes, dated August Is, 1854, are con-
yertible into 6 per cent 500 bonds,
under the act of March 3, 1855. The inter.
est on the bonds is charged from the 1st Of
March, 1854, 10 date of conversion, interest
being allowed on the 7-30 notes to the same
date of the coupons, but those of August Is,
1866, have been detached Sufficient cur
rency must accompany the notes to pay the
accrued interest on the bonds, otherwise
such accrued interest will be deducted from
the principal.
About Eve millions Of the notes have
been converted within the past month.
GEN. DIX.
Gen. Dix has not yet signi6ed his accep-
tance of the mission to the Hague.
DISPATCHES PROM MEXICO.
Senior Romero received to-day official dis
patches from Major General Ruggles, COM
manding the Central Division of the Mexi-
can Republic, and Major General AIvez,
commanding the military division of the
South. Both Generals report engagements
with the Imperialists of secondary imPor-
tance, and agree in the opinion that before
the French leave Mexico, should they re-
ally do SO, the position of Maximilisn will
be rendered untenable.
ORATORS FOB THE soLDHRs' AND SAILORS
CONVENTION. 4-N
The following named gentlemen have
been designated by the committee appoint
ed for the selection of orators for the SOL
diers' and Sailors Convention to be held at
Cleveland on the 18th ofHeptsmber:
Msjor-General Thos. Ewing, jr., Of Kan
sss Major General Lowell H. Rousseau, OF