The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-06
The Forthcoming Public Debt
Statement.

Will DO oiScuosod.
1t appears that for more than ysar-aad this have
from the best authority resignation Of Mr. Stanton
has been looked for Week after week and moath
after month tho President waited expecting each
day to hear from the Secretary but word came, and
At last letter drawn up by the President asking
NJ Stanton to resign. This letter also held back
for time because the breach between the Secretary
and the President daily growing wider and wider.
This hostility was decided that thought Mr.
StaI:on could not much longer without rendering
his resignation But Mr. Stanton did so in spite Of
hints and the evident desire for his vacating
As have stated already it not until this morning
that the letter actually sent Should Mr.. Stanton
decline to YIELD have authority for stating that the
Of once bill ITSELF il is claimed will sustain him in this
exercise Of power The President believes that the nrst
section Of the bill does take away his power Of
moving Mr. Stanton the latter appointed by M.
Lincoln, and not Mr.. johnson. 1t reads thus
Provided that the Secretaries Of State OF tho Trsa-
sury. OF War; OF the Navy. OF the Interior, and the
Postmaster General and the Attorney General shall hold
their Offices respectively during the term Of the Presi
dent by whom they have been appointed aod one month
thereafter subject removal by and with the advice
and consent OF the Senate.
The President takes the ground that he remove all
his Cabinet except three appointed since his
TO Office.
AS to who will succeed Mr.. Stanton nothing has yet
been decided probable that General Grant will DO
summoned to act temporarily, and the President con-
sders that would DO the wissst choice for the present
General Grant, being familiar with army affairs and
the chief Of the army. would undoubtedly DO an ad-
mirable selection. In making this statemsnt about
General Grant, am but giving the impression OF people
Of all shades Of opinion here.
The news is known to but few here but when pub
lishsd to the country will doubtless immense
sensation.
The Public Debit
The forthcoming statement of the public debt will
show considerable reduction as compared with the last
monthly exhibit. Since the 3lst OF May more than
has been paid out Of the Treasury
800 900 Of which In coin. and two instalmens,
Of So each. in currency The reduction which
will be shown July principally owing TO receipts Of
internal revenue having been heavier than usual and
increased by the payment OF the income tax There
mont until tho LIST Of November when the annual inter-
est will fall due on the nve-twentes will amount 70
about S24 600, 600 in COIN
Internal Revenue Receipts.
Receipts from internal revenue to-day were ST. 43s ooo
Order Of General Ord Relative TO Removals
and Elections.
Brevet Major General E. O. O. Ord, commanding the
Fourth Military district thsI 10th ult issued the fol-
loving circular
h>xsc tdnA hv riol
law for tho organization OF State governments ON the
basis OF suffrage without regard to color and having also
provided for the removal OF oil officers who in any man
ner thwart or ostruct OF this law and the
duty of administering these laws in this military dis
iriSt having aevoea upon ,nS o. nd are
hereby notified that attempts 10 render nugaory the
action Of Congress designed 70 promote the better gov
eminent OF the States lately engaged In the rebellion by
speeches demonstrations at public meetings In oppo
sition thereto will be deemed good and sufficient cause
for their summary removal from odico The same pro-
hbition in regard speeches and demonstrations At
public meetings Will be strictly applied TO all officers
holding appointments from these headquarters and
listing orders prohibiting tho interference Of officers OF
tho army In elections Will be rgidiy enforced IN 'ns
district
The Relations Between Secretary Seward
and Minister Romero.
Il ia understood In well informed circles that there
no foundation for the report Of dsagreemsnis or mis-
undersa ndng between Secretary Seward and the Mexi
can Minister Tho relations have been and are OF the
most cordial and friendly character Minister Romero
goes home only his health and the condition OF
mis- private affairs require his 70 Mexico, and for
no other reason.
Award of a Mail Contract.
The Post once Department today awarded TO J. D.
Carr OF Francisco, the contract for carrying the
mail between Lincoln, California and Portland, Oregon
The service TO bs performed for $4,000 per
The same schedule o. heretofore to DO observed The
Joint resolution Of March 20 directed the present
tract TO be cancelled from September 30 nsxt the
contractor Mr. corbit after he became Senator Of the
United States could not legally retain u.
The Failure Of the UnaAilia National Bank.
the followng facts have boon obtained al the National
Currency Bureau Tho Unadilla National Bank won't
into voluntary liquidation June 20, In accordance
with the provisions OF the National Currency act Early
in July following certificate issued BY the Bank
Superintendent Of the sta Of New York, giving author
ty 10 organise the Unad Bank snder the laws Of that
state and At the time Of failure both the Bank supern
tendens and the officers " the bank insisted that
state bank. Tho liabilities are smsn--nos exceeding
sToOoo-and therc surplus Of securities deposit
with the Treasurer Of Me UnsA States Of about $50
more than enough 10 redeem the circulation. The ha-
bes Ct Of the individual stockholders large
but these entirely distinct from The liabilities Of the
bank. thorough examination % ne affairs " being
conducted under the direction Of the Comptroller OF Me
Currency and receiver 10 be Immediately appointed.
The Schuetxcnfcst 81 the washington schuet-
zen veretn.
Tho second annual schuetxenfest OF the Washington
schustzsn veren commenced to-day Of the Park and
VIII continue till Friday This svcrt promises to sur
pass the grand celebration ls year. for weeks past
the German citizens have been taking great prepara
tons for the coming fest Large delegations Of member
Of the schuetzen Corps OF Philadelphia Newark Lynch
burg Baltimore and other cities arrived to-day and were
formally welcomed There many public and private
carriages In the long and brilliant procession the occu
pants being in sehrstzsn uniform. There was every
where blending Of The American with the German Gag
Among the more prominent features Of the display was
tassfully ornamsntsd car, containing the schuetze
Kin with two lads engaged n printing and distbu,In
bAndblh sna also ono with thirty young ladies' dreese
IN white ~ occupants. ana drawn By six white horsss