The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-21

Generals Office and the assessment was made oy Con-
gresham II. Rollins, not Commissioner E. A. Rollins
COMMUNICATION WITH THE WEST
INDIES.
The bin to grant the sole privilege Of landing on our
shores to the International Telegraph Company, which
line between the United States the west
Indies and Bahama Islands came up to-day In the io
of substitute for the original bill Senator Chandler
made crude but practical speech in which he pointed
out the propricty OF granting the privileges the
company desires. Mr.. Sherman suggested the mo-
nopoly question much TO the displeasure Of Mr..
Chandler who rose and made some stormy remarks
These led to q postponement until tomorrow. 1t
seems to be an indsputabe fact that all the efforts on
the part who take real interest In the spread OF
American commerce and enterprise must be continually
embarrassed by the bubbles OF persons who appear 10
be very much afraid that somebody will make little
money All enterprises nauguraed with view Of
some sort of dividend whether large small, on the
capital invested. Men who enlarge the sphere Of our
influence deserve all the rewards which their energies
secure to them but much To the disadvantage OF our
land we have many Senators who do not think So
THE NEW CONSERVATIVES UNION PARTY.
The conservative Union party movements will
soon be In full blast The Base Ball Club have
been opened at 400 Twelfth street. between and +,
where the committee will urrange for daily meet
published in the city papers tomorrow and persons
leave here In the morning for New York. Boston and
elsewhere to collect promised funds and to put the
ball In motion The club will circulate speeches, docu-
ments, &C. and supervise the organization Of branch
clubs throughout the country The chairman Of the
clubs Finance Committee visited the President to-day
and is said to have been promised the necessary public
patronage.
COUNTERFEIT GOVERNMENT COUPONS.
The counterfeiting of government coupons has been
such extent that the Treasury Department
decided cngave vgnetes of the proper size TO be
printed upon all issues and thereby render
craving necessary TO counterfeit coupon as TO the
note bond. Portraits Of the President, Mcculoch,
Grant Sherman and others executed for this purpose
oUARRELLINa OVER THE sPoILs.
petty three cornered fight Is going on between pro-
minent Michigan republicans, in which Senator Howard
seems likely 10 come second best The feud origi
mated consequence Of the District Attorney for the
State OF Michigan being too mpracticabe to suit the
Senator's purposes. He appointed on Howard's re-
commendaton and first gained his ilwill by opposing
land speculatons Howard Is now bringing all his in
auence bear prevent his confirmation, and many
prominent men Of the State here In interest
the other.
THE MONITOR xoNADsocK AT xoSTEvIDEo.
Advices have been received that the Monitor Monad'
mock MonteviueO on the Zotn OF january,
for Valparaiso which she s supposed to have reached
about last OF February This vessel the letter says
has everywhere excited the wonder and admiration Of all
beholders and given them better idea Of American
skin than anything they had previously known.
JOHN p. HALE ASKING FOR MORE.
John p. Hale, United States Minister at Madrid has
written 70 prominent members Of Congress, urging an
Of his salary which s twelve thousand dol
lars in gold.
APPOINTMENT OF r.. C. N'ooRnrcK.
Richard c. Mccormick has been appointed Governor Of
Arizona not of Idaho previously stated T. Carter
OF Tennessee In made Secretary Of Arizona
rRBAsuRER sPrxNBR IN DRyEScE or SECRETARY
nCULJoCH.
The following important letter from General Spinner
in defence OF Secretary McCuIioch drawn out by
Freeman Carke's letter in to-day's paper:
TREASURY THE CSurp srArn,
wAsnroros, March 20, isoe J
To I'VE EprroK nx cHnon1E:-
The communication Of the Hon. Freeman Clarke,
Comptroller Of tho Currency, In regard 70 the condition
OF the Treasury published In your paper Of yesterday is
country 70 myself and especially the Secretary Of the
Treasury, who must rely upon The figures furnished
him by his unfortunate TO point out ,.s sone
pass the first paragraph In the communication, In
which the material words 'currency values are inter-
poaisd In quotation without comment further than
10 note the fact The next two paragraphs find fault
the Hon. Mr. Hooper and his subcommittee OF the
House OF Representatives, because II failed TO make
application the Comptroller In ts search for nsrma
ton and opinion Is ventured that the report made
To the House by the committee IL neither more nor less
than hasty, uncon1dered endorsement of the state
ments OF the Secretary OF the Treasury and intma
ton In thrown out that II any Information
was obtained IL was from an irresponsible person
Now. nave this TO say~thai the committce did lust
what the Comptroller should have done before he called
the statements OF the Secretary Of the Treasury In ques
ton II not only examined and my books. but the
clerks in my ONCE and IL 20 the conclusion that
the Comptroller would have reached had he like the
sought could be obtained In that case he ike the
committee would have been satisfied that the published
statements of the Secretary subs,antiay correct
Next the ngrcs Of the Treasury statement are given
substantially Immedaiely following IA this
ststement:-Amount on deposit 10 coin, s7s s7oss Is
drawn out and pay yable hut not yet reported paid
$40 5s7 IL Balance subject 10 draft fl5s s5T 6s H.
As this, the nrst item eIceped s no part of the rrea
allegations and deductions drawn from fall with ~
The deposits In the national banks are entered weekly
In the cash Ia the Treasury The discrepancy between
the bank reports and the Treasury from
smoanr deposited with them by revenue ofncers and
others and credited daily with whatever eheks
drawn them. Hence 10 occurs that the amount due
the government according 70 the books of the banks
will differ materially from the balances according ~ the
books Of the Department For instance. The rrcamr"r
may draw today the different deposit banks for
twenty million dollars; the banks viii Of course be
credited with the amounts ~ the checks drawn upon
them respectively. while they cannot charge the gov
erpmspi until the checks presented, which may
not be for days weeks anrr.
No ought 20 have known better than the Comp
froller of the Currency that country bank may ar
oording 70 s own books, overdrsw correspondent ia
. commercial city, while, BY reason of the checks IN
trsnsisu viii have daily balance N iu credit on the
books cf its correspondent During the Subscription q
the seventhry loan very heavy deposits made with
the national deposi, banks fhess deposits werr unde'
upon rapidly; but 90 large we've the balances and y
distant many ~ the hanks that undoubtedly
the fact that there a times In prucew % collection
millions d0Ilaru Crrftr6
/ banks, by resson of being drawn against bot MOI
charged by the banks 10 The government until hs
checks were actually paid There have been, In tbs
course OF the year many which the balances dus
the government by the deposit banks according 70 the
books have been over tuenty million dollars larger thar
the real balances according the books of the Treasury
To show how fallacous conclusions drawn only from
the made by deposit nstons banks N the Comp
roler Of the Currency II only necessary 70 gv'
one of the statements In his communication, viz
4 The monthly statement made up 70 the Ia, q
June shows that there vas tbs, day IN the Ireasnry