The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-06-07
WASHINGTON ITEMS.

Ia, h \
NATION.
On the 18th of January last, the PreSi-
len, Of the Merchants National Bank ask
~ Mr.. Latham TO raise him thirty-one
,tggsaud dollars on check which he
would certify, and have it held for few
l.v,. Mr.. Latham took the certified check
Of Mr.. Huvck, and in less than two hours
deposited in the bank the proceeds OF the
g.cck. not retaining one dollar himself,
Aylrg borrowed the money solely Tor the
grrorluodation of the bank. The trans
acton wa, legitimate and friendly on The
bait of Mr.. Latham, and the bank at the
tine in good credit and standing.-Na-
,.gmI Republican,.
INCOME TAX.
The Commissioner of Internal Revenue
has issued all order correcting certain ~
>,ructions to assessors, concerning assess
mcnt, of incomes for the year 1866, by
which il appears guardian residing
stroad should return the income OF his
ward in the district where the ward re-
sides. and that all expenses for insurance
Upon property and all actual losses in the
business NAV be deducted from the gross
income of the business of the year.
The NEW FlvE-CENT PIECE.
The cost of coming the new five-cent
piece will be about twenty per cent. OF Its
tall value, while the paper note OF the
same denomination costs to print 1t about
o4r iillieth of its full value.
TIE GOVERNMENTAL SALES OF GOLD.
Alter abiding to the fact, published in
our Geographic columns yesterday, that he
bad sold of gold s35, 440, 900 in the month
% May, Secretary McCulloch adds the fol-
lowing sensible remarks:
The coin received in the Treasury had
been permitted for some time past to ac-
cumulate, to be held for the purpose OF
facilitating return 10 specie payments, or
10 DC disposed of in any emergency which
might render the disposition Of II neces-
>aTy for the protection of the national
credit, or preventing such a depreciation
81 Tie national currency as would affect
@lTlouSly the business of the country,
and especially the business of the laboring
anu producing classes. Ii has been my
purpose, either by holding or selling, to
S'eI the market steady until the indus
Ny Of the country, diverted by the war
rom It's legitimate channels, should be
brought again into full productive activity,
aaathnSprepare the way for a permanentre-
sumption. Ny instructions given at various
lNnes to Mr.. Van Dyck have been to make
10 sales except for the purpose OF supplying
Tue Treasury with currency, or for meet
ing the necessary demands Of commerce,
Or preventing successful combinations,
either &c impair the national credit or to
produce serious fluctuations in prices.
lie correctness Of these instructions has
osen indicated by the general steadiness
" The market, the gradual advance OF cur
'e'cy towards the true standard OF value,
and the prevention Of financial troubles
Which SO many had anticipated as the ie-
CLIMATE consequence of the war and
Superabundant circulating medium.
In the exercise Of the discretion con-
lrrred upon bin, Mr. Van Dyck has found
i Necessary tor many months past To make
oai few sales; aud had il not been for the
demand which arose In the latter part Of
February, based upon apprehepded politl-
ea' complications, and not upon CONNER
cal necessities, (which demand II was
deemed judicious to meet, and the existing
ana unexpected financial crisis in Europe,
Tie gold in the Treasury would have hoen