, 1866-05-17
VOL. XIX.

VOL. XIX.
us1. has decided to resign that position. to accept
the Presidency Of an Insurance. Company In New
York city.
CONCERNING NATIONAL 8ANK 1ssuEs.
The following letter from the United shtes
Treasurer explains ltse'f:
1nrAggar Or II. us!5En = p ss7TaaiTEEs,l 7aiE
DEAR Srn-Yorr letter ct the 10Th Instant has
just npW been received. Yon ask 10 Whist extent
is the Government liable lot he redemption Of the
notes Of ihe Nstioual banks. I snswer, to the full
nommal faee value OF every note Hsued BY the
Comptroller Of Currency TO 4 bauk, and BY the
You ask. ahouId he banE doposita with the Uni
ted etAtes Tcas1ry to eecusc the circulating nofes
with the banks deposlting them, be inadequate to
Of decline Of securities deposited, j. The Govern
.mcut bound to redeem the notes at par?
The 4Hh fec.fon Of The na,ional currency not only
any deficiency. Government haa a lrst and pata-
mount lien upon all the assets Of dcfanldng bank;
therefore answer this question at7rmat7ely.
National bank impairthe yalue Of The circulating
potct Of tho bank making such fatlntei answer
hs has ed az Ishs2 St tim q
1anG in good standing, II away from the business
naris Of commercial centres Of The co1nEg. for the
eer q SET de.nn I'D Vii
through bis assistants and al other Government
officers redeem such circulation.
statca Treasury, beyond the fact Of their being
legal tender, better security 10 The holders than
The currency of The national banks The only rcal
difference between the two l. that while the latter
are only legal tender from and to he Government
the former are tuch legal tender from aud 10 all
parties, whether municipalities. corporations, Or
Very respectfully yours. r.
To Z. G. DANIELS, Esq, Merchants National
1EEcuAx1a' RATIONAL nAsk+
The House Committee On Banks and Currency
this morning began the formal examination Of the
afaiss Of the Ncrchante' National Bank OF This
city. The evidence OF two Witnesses wns taken.
Ii may be etated That an examination Of the books
Of tbs bank showe that 1t WRs In tho habit OF pay
Ing four PEI cent interest On the balances OF its
dcpositoEs, and that the Buu Of 2,6l0 has been
paid within eix months 10 one Oscsr King, Us In
tescst on deposit oi Col. Pauldtng, and about
5o to another party, ~ interest on the balances
Of Faymaste1s Hodge, Robfnson and other.
Whether any Of This money went into the hands Of
The officers In question docs not appear On the
book
MODEL. GrAHn nxpoRT.
A guards report, made By corporal of the
fourth artillery. 10 tho Provost Marrha On Sunday
Last reads thus: Report OF GUARD Of the fourth
United States srttl1erv. mounted at headquarters,
Department Of Washington. D. c.. On the 18th In.
s~c,,ssT -, 81. ~ .th.- ~ h,yr r,ono.tv
cr<~ntr ,avo.Tnrrr ~ ~.
r.x,, n,,ers con,..n ,,r,cr ,cronnt. ~ =. d,nne-
gwen about two weeks ago, at Ga1ycs.on. to the
rebel General Lougstrcct. The account, tfcr stat
In that the health OF the distinguished soldier aud
gentleman was proposed, continues: "Ge1ers1
Loucssrret re1tfred briefly to hIa having been in
.c3as lonR utae' oc'otu INC "at' a. so omcet IN
.hs o.a st' felt se SC WIN
Int NJ hard,v knozy bo tn set IN nofttr.l
IT nrescu,. If we are anxdops tn be recon.trnctca
on the asi. OF Loyalty, our professions sre not BE-
heved; II we do ANYTHING differently We are
called disunIoni.ts We har3ly know how to. shape
on .eorse.' ne concluded with the sentiment: :
"the homeFpuu dress The Southern ladies' wear"
Considerable champagne vas drank and seypsnl
to.,t. c1ven a.nonr thc.n ,yas :. cen Tae. he ia
.ea.t.t -, - -se.,G.n, - .t,. tr.. to.o-.h,s
@ wu,,ns % pe plas o. elss 1uss. nonosaG'e
Though an unworthy to loote the .hoes Of Gen.
Lee. 4et cannot heas that name mentioned With.
ont rcsncet f.en ree !. nrnh,h,v n,r,te, ..;,.~
ha,e:eer,ed under him, and hope ha7s merited
as apoos'oa anu '.,t snt osn le =" ~
| tsssaa.a, ~, -. -. ~ .hA.1s, - -
A'osoo0s 31Soa Nneei.
The la.e votes and dodces Of non Ja,. r. Hub
oea, q un'o, nas uneflF M olssastea 'ae oa'oo mea
q tne aeieeaton. 111. aao9e!t NE ncca "asef7ne
| through the whole aession, and is noW considered
AZ completely deuosal,xed.
NV Yorr. NAV 1f-The Paars snec,al saxx
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10 m put WINDOW @ % eias. On tbc ice 1st T o'''
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