The weekly loyal Georgian., 1867-08-24
Northern Letters.
National Finances The Pres idcm and
Secretary &anton-7rdde, Etc.

I The monthly statement OF the puDllc
debt, for the month ending on the first
instant, contains several points worthy
Of attention. The greenback currency
has been contracted nearly four mil.
lions; and since June, twenty two
millions Of compound notes have been
converted or redeemed, and sixty mil
lions Of seven-thirties while the
public debt has been diminished
over hundred and twenty millions
during the year the debt bearing coin
interest has been increased over four
hundred and thirty six millions. In
other words, while the people are
receiving the lawful money of the
country, the coin interest is so increased
as to require a large surplus of gold to
meet this regularly accruing claim of
the bondholders. The coin in the
Treasury amounts TO over a hundred
and two millions in gold, and over
seventy two millions in greenbachs !;
and this is SO much dead capital lying
as a constant temptation to extravagant
legislation. The Herald urges, with
much point, that this sum would buy
up enough five twenties enough to cut
/ down the coin interest to twelve mil
lions year, while, under careful
management the current receipts OF
the Treasury would meet all the de-
mands upon it, from month 70 month.
There is clamorous sentiment, coming
up from all classes and conditions, for
a more economical administration of
the government.
The issue between the President and
Secretary Stanton is Just now topic OF
general interest. The lacOnic version
Of the correspondence said to have
passed between the President and his
Secretary-in which the former says
that grave considerations of public duty
impel him to ask the latter TO resign,
and the latter replies that like conside-
rations forbid that he should comply
with the request, leaves the public in a
state Of anxious solicitude for the next
turn Of the imbroglio.
The Herald says the only course left
to the President, if he would maintain
the dignity Of his Office and his own
self-respect, is to suspend the refractory
Secretary, and recognize some other
person in the discharge of his official
duties.
| The World maintains that under the
| tenure of office bill the President has
the unquestioned right to remove Mr..
| Stanton, because he was not one Of
Johnson's appointees.
The Times declares this n bubble,
and says that virtually, and in a consti-
tutional sense, the President rcappointcd
Mr.. Stanton, when he became PreSi-
dent, and hence the clause of the tenure
Of Office bill, which forbids him from
/ removing members Of the Cabinet
appointed by him, does apply to Mr..
Stanton, and he cannot remove him
without the sanction of the Senate.
| The Herald evidently holds the same
view, hence its suggestion "to suspend
the refractory Secretary"
The Post says that to remove Stanton
or Sheridan Or Pope, is to strengthen
and encourage the enemies Of the coun-
try, and calls on the President to
beware how he "purposely, and with
insane obtusity stands between the
country and peace and if he persists
in his efforts to defeat the laws, Con
gress, as soon as it meets, will have to
impeach and remove him. The reno
val Of Stanton will make new martyr
for the next Presidential arena.
The Tribune is silent on the subject,
being influenced, it is intimated, by rccol-
lcctions Of personal grievances at the
hands of the Secretary.
There would seem to be little doubtthat
Stanton's position will be vacatcd-yct
who can fathom the sensational rumorS
Washington. 1t is rumorcd thatGrant
is to be called to fill Stanton's place /;
but the astute smoker is believed to be
too smart to identity himself in any
way with anybody's family broils. His
acceptance Of the position would be a
tacit endorsement of the President,
which he has studiousy avoided. "Mum,
| is the word, with Gen. Grant" A wise
man controlleth his speech, etc.
Trade has not yet fairly opened.
There are few purchasers here from
the West and from Texas, creating some
demand for domestic goods, the prices
| Of vhich-especially for bleachcd sheet
/ ings-are firm and advancing. Drills
have fallen off, owing to large stocks.
Gray printing cloths, long so popular,
| are dull and irregular. The fall styles
| Of ginghams and dclaincs have not yet
made their appearance. Shawls OF
! American manufacture are fast drlV-
ing the coarser articles from abroad
out Of the market. Woollen goods are
firm and in active demand. Foreign
importations continue light, giving
some hope that we may be able, after
awhile, to balance accounts with oul
transatlantic neighbors without sacr
icing the national securities. Rich
dress silks and fancy goods have had
heavy run at retail, from the fashion
ables, who have gone to cut dash a
Saratoga and along shore; and the
displays Of gorgeous extravaganza arc
said TO be unusually stunning.
! ,f H. e. fOn