Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1866-05-26

The President has approved the BIN
70 incorporate the National Theological instr
int in tie District of Columbia. for the edu-
cation of persons for Christian HInlstry.
There is to be no exclusion from the lnsli-
tnte on account of theological beiiei. Inc
bill is silent as to race or color.
The Sabbath School Union of Wash
ington, composed of 38 Protestant schoois
s7S teachers and 1000 scholars, celebrated
their anniversary on the 18th, with SIX bands
of music national flags, emblems, floral deco,
rations, &c. They proceeded 10 the capio1I
grounds. where they were entertained WIN
Vocal and instrumental music and addresses
the spectacle was beautiful and interesting
The Post Washington special says
that the DEVELOPMENTS of the Merchants Ma
tionaI Rank failure, under the investigation OF
tbe House Committee, are very bad. lt is be.
iieyed that majority of the committee Will
repOrt against permitting any deposits IN ma
tional banks of government funds; but ~ THIS
proposition should fail, stringent regulations
viii be adopted.
Major Gen. Hitchcock, Commissary
General of prisoners, has given notice that
snfiicient length of time having elapsed Tor
the presentation of claims against the fund
rrd1r tile charge Of this office, being moneys
recovered from the rebel authorities taken
from the United States soldiers WINE rheld as
nrisonprs of war no claim presented after
mis- date will be considered. A pro rata dis
fributiop of the fund will be made ON the
cIsims now on file. on satisfactory proof of the
identity of claimants and the authenticity OF
the claims being presented.
The President ON the afternoon Of
the 18th. returned the Colorado bill TO the
senate with his objections. He does not con-
sider the establishment ola State government
| in Colorado at present, necessary for the well
fare of the people there. The population is
small: some estimate 1t as low as 70. OUO
/ whites The advocates OF the Dill reckon the
number at from 80 600 TO 4O,OOO. II - not sat
| isFactorilly established that majority OF the
citizens desire or are prepared For the change
| Of A territorial for state government Inc
| fnal obiecsion is. that the admission of Color
ado at this time as state into the Union, APP
nears to him to be Incompatible with the pub
/ tie interests of the country. Instead OF IN
| cTeasipg Colorado has diminished IN p0pu-
latiOn. r-...
The bill introduced by Mr.. Van Win
kle in the Senate, to apportion the national
currency to the several states and territories
| ana 10 the District of Columbia, authorizes
| and directs the Comptroller of the Currency t6
/ spportiOn the issue a. follows: L. One nan
or one hundred and fifty millions, shall be APP
| nortioned in proportion to the population.
| fThe remaining one hundred and fifty millions
shall be appoi toned in proportion TO the value
| of tbe ANIMAL production of agricultural man
ufacturing and mining industry OF each state
and territory, which value shall be Determined
Inv exhibits. if practicable, or otherwise, to b'
estimated by the best attainable information
Ii any state shall have an excess above the
maximum allowed to each state, provision II
made for the reduction of the issue, and the
deficiency NAV be brought mp 10 the maxi
mum. But a reduction shall take effect onl.
a. lis circulating notes are returned to til,
Treasury to be returned on account OF mutt
Ilation. IL also provides that in the organiza
ton of additional banks preference shall b.
hanks in good repute as shall signify a desir'
10 the Comptroller to be converted into ma
tional banks 1t suspends the operation o
the provision of the internal revenue act o
June Both, 1863 referring to state banks ant
banking associations, until the nrst DAY o
June 1867.