New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-07
FROM WASHINGTON.
DIR SPECIAL DISPATCHES.
INTERESTING FINANCIAL STATEMENIS'
More About the Merchants National BANK
Failure.
SEVERAL VETOES RtfOhILD lhTLNplN0'
INPGRFAET REVENUE CIRCULAR.
laPCRFAhT REVBtuE CIRCULAR.
SESSION OF THE HOUSE on SATURDAY.
DAY OF GENERAL DEBATE.
Speeches by Nessrs. lngeSOll OF ILLINOIS,
lawrence OF Pennsylvania, and
Rogers Of NcW-Jersey.
LIVELY COLLOQUIAL PASSAGES.

THE TANK FAILURE.


The fallme of tho Merchants National Bank continues
20 excite general attention The loss on account OF the
Government directly and indirectly, win be larger than
war at inst estimated while the prospect for resumption
OF any hore for the deposo-s has pretty nearly been
abandoned The concern seems 20 have been hollow as
bubble aud the money that las been so freely fed 1t 10y
yeriani ones has all been lost The majority OF stock
IN The hands OF Mea who are lot responsible The law
holds every man oi the amount Of his stock in addition
10 that stock. The committee who were appointed TO eN
anime tic assets OF M Bayne Of Baltimore report that
ont Of over 100000 they cannot to-day realize two per
cent in cash 10 is understood that the firm OF Bayne
Co q baltimore have assigned their assets, which are
prohablr moi much better than as follows: $4,000 for
The benefit Of Baltimore creditors $4,000 for the benefit
Of Tie Merchants National Bank here, and the bal
snce Tor their general creditors. There appears to be
large amount of money on deposit By the officer in
charge Of the Indian Trust fund and also. two discussing
oqcers Of The Post-Ohce Department Several Paymas
ter and Quarermaster have various amounts on deposit
Int II seems very difficult to learn the exact amount Of the
dc osits or the names of the losers They cannot be
known for a few dayS. Controller CLARK has appointed J
C. Kennedy Of New York receiver and ordered the bank
Into Eouid.tion An examination will take place
tomorrow of the assets and liabilities, but Col
l. Padding is the Departmental Paymas,er Of
Ibis district which consists Of the District Of Columbia,
several lions Of dollars on hand and has always borne the
very test repuaoror honor and integrity. His secuTi-
lies are now Bayue and King both directors in the bank
and II IL probably 20 their influence that there is due the
large DEPOSITS placed in this bank. Gen. Spinner not
being satisfied with the way the bank did their business
The first Of lst January drew on the last OF
the Government money for the Pay Department and has
since had none deposited there. Col. Paulding had not
only not drawn out that money, but having withdrawn
money f.om southern Banks allowed it to accumulate
there when ten days at the request Of another bank
officer he transferred $4,000 more TO this bank Last
week and but a very few days before the SUSPENSION
was notified by the cashier that the bank was IN trouble
and wanted help. He was then induced to draw out
f2Oo 600 more from another National Bank, and deposit
II there None Of these operations were known to
Paymaster Gen. Brce and the latter ones are in direct
violation of clear order of ;he War Department, forbid
ding the transfer of money from one bank TO another
without orders II should be remembered that no bank in
The world has any security for depositors and the National
Bank only provides for security to certain extent OF
such Government money ar is placed there by the orders
Of the United Stses Treasurer; and so long as il is
mtiect TO his orders there is no law 10 warrant any
pfheer of any Department, either interior or
postal 10 make deposits there. This rs the inst
lime the National hank act has been found TO be defect
i've and the proper remedies win probably be applied
F~''iN"N
deposit but the various officers who were subodnates OF
his and whose funds he placed there had considerable
and il NAV reach tie figures named on Saturday $OoooO
In apy event it will be but little short OF that. The Pay
master eneal has ordered Board of Inquiry into Coll
Yauldngs accounts who win commence the Investigation
on Tuesday.
OBsEQuIES OF COUNT GURowsKI
The funeral of the Count Adam Gurowsh took place
This afternoon and attended by large coneourse OF
people among whom Chief Justice Chase, Secretary
stanton the Italian Minister Senators Sumner and Will
son and Representatives Roscoe Conkling of NewYork,
and Hooper aud Alley Of Massachusetts,; the pail
bearers officiating on this occasion were the Spanish
and Russian Ministers, Senator Wade, Gov. Boutwell,,
Hiram Barney, Mr.. Ashton, Assistant Attorney
General. ex-Msyor Berret Gen. Maynader OF the
Ordnance DEPARTMENT, ard Mr.. Rhyner, member
Of the Swiss Legation who assiduou in his attentions
70 the Count during his illness The rites Of the Unitarian
shurch were performed by the venerable Rev. Dr. John
pieuepont and the remains deposited in the Oak
Hill Cemetery at Georgetown.
GEN srCKLEs
arrived here to-day, and has finally concluded not to &C
sept the mission the Hague to which point he was re-
sently nominated, and which has been awaiting bis de-
eisOn Of acceptance OF decenson.
REMARKABLE COINCIDENCE.
-Four Of the officers OF the broken National Bank here
operations Of the latter will probably not be entirely
checked By the failure Of the former
RECEIVER APPOINTED.
Charles Henderson of Meadville has been appointed
Receiver OF the Venango National Bank, Pennsy lyans
THE PRESIDENT ESCEIyTg WITH yErOBs
The Democratic friends of the President announce that
the Colorado bill sld the Habeas Corpus bill for the proec
ton Of Union officers will both 10 vetoed during the
coming week, although reasons are as yet assigned
therefor.
A RECONSTRUCTED NEWSPAPER.
The Vieksb9rg Ncrad, which has a special contract
with the State DEPARTMENT for printing the United States
laws passed during the last i've years aud for which they
receive several Thousand dollars informs its readers in
editorial that the laws of this Congress must be held to be
Of no binding force The paper contains notice OF
8ov Humphreys that all Confederate and State soldiers
Who are disabled destitute or need relief, will be cared
10, by forwarding ,heir names to him. Coored Union
soops get such treatment recently exhibited at
Memphis where their schools and churches were burned
and over 40 murdeted.
STATEMENT FROM CONTROLLER CLARK.
The Hon. Freeman Clark Controller, &C., has pre-
pared the following al a request Of member OF Con
Dess.
The actual receipts f) the fret nine months OF the
present. fiscal year have noon as foows:
Depsplaa cola kI2c ~ 1,; internal yeysDUe e243 SC w;