The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-01-25
A Fr11rrER IN FINANCES.

| SCupGllOuS GO LQo 7hcSlCo, oSOAL- cotAiA W
cause commercial panic in one line or an
other. This ricissitudo is most likely to spring
from the action Of tne Committees on Bank-
ing and Currency and tho Ways and Means,
both Of which arc affected with oVerWccnine de-
sire to try every imaginable experiment in the way
of evolving new laws regulating the finances or
tue country, besides giving themselves up to the
remorseless pleasure OF tinkering with tho method
already in vogue. Both Of these Comnllttees were
on Saturday afternd9n treated to cal! from Mr.
McCulloch who sought the interview with an idea
OF elucidating to those profound Marplots OF sue,
cessful financiering where they were wrong, and
where it was all-important that he should be al
lowed to remain right. Ho had nlso to declare
BILE classification Of commercial interests, embra-
cod in MIR. Commissioner Wcllcs' new Tariff Bill,
it would not, il passed, produce in the Secretary's
opinion much moro than onc-haf the internal
revenue derived under tho aw at present in opo-
ration.
It is hard to say what will Io tho effect Of these
councils upon tho Committee, for just now they
arc led hither and thther by swarms OF lobby pro-
toctionists seeking to hodge every imaginable ID,
forest and averring that if their demands are not
ncceded to, lcgious OF manufacturers and opera
tiyes remain at homo ready to rctaliate upon Con-
gress by IN incontinent desertion Of tho Radical
ranks. Thus harassed from day to day, the Com
mttoe only advance during one meeting, 10 rctro-
grade in alright at the next Stability is unknown
to it's members, and under the influences to which
they prove themselves susceptible, their manipu-
aton of the Tariff Bill becomes the yericst trng.
to which the country at large cannot long remain
a stranger. Tho other Committee, on Banklng
covcry that unon them may descend the rosponsi-
bity of gushing Secretary McCulloch from the
Cabinet. For solne weeks they have been giving
q superficial attention to bill looking to tho with
drawal Of National Bank circulation, nnd substtu-
ting legal tenders. Within q day or two, they
have had the subject under more animated dis.
cussion, and about determined to report to the
House favornbly, when they arc informed that
should the bill in question become law, 1t WI! re-
suit in Mr.. McCuilochs immediat" retirement from
tho Treasury-that officer very properly holding
that if a great colossal system, like that OF tho
establishment of National Banks, ia to be put III
operation ono year and abroT ted IN the Gne tnat
follows it will be useless for the master OF natlon-
nj finances to affect to the peplc that he is guided
bv any line OF policy that will bc enduring, or not
likely to be swept from his control, like the repcul
proposed for the National Banks. Tho measure
which was to haye boen reported to-day, now goes
back to its pigeon holo ! III tho Committee hoom,
soroly discomtittcd.
TIE INITIATION OF 'N1eHr SESSIONS" OF CONGRESS
AND WHAT 1T PoRTENDS.
Both Houses of Congress have Informally d. ter
mined to hold night sessions, not for debate only,
but for business, from this out. Saturday also,
which has been q day Of Adjournment generally is
now to bo inaugurated a.; regular workng day Ior
concnye, tho Radicals have concluded that an i'm
parchment trial is likely to occupy the last end OF
the sess on aud that therefore, it will be in the
course or proyident legislators to set their respect
i've houses in order for tho undivided attention
that will be demanded whenever that cheerful
event procpitatcs itself.
suRRATl's ARRIVAL.
The Navy Department expects the gunboat sa-
watra, upon which John Surratt is embarked to
arrive at this port in about eight days. Hewili be
confined in tho Arsenal building tho same in
which his mother, Atzerodt, Herold Payne, and
the rest were incarcerated, from which tho four
first named wore led to execution. The Judiciary
Committee Of tho House have determined to call
Surratt as witness soon as ho sets foot on
shoro now anticipating that they will be able to
eauce from the trepidated testimony OF Surratt
tho proof they have sought unayailingly to cstab-
lish as to the completely Of Jefferson Davis with
| the plot Of assassination. Y1DEA.