The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-03-17
WASHINGTON
Passage Of the Supplementary Re-
construction Bill.
--~-~-~~~~o,N~~~~~-~e~~~>o~
Progress Of Reconstruction in
Virginia.
The Treasury Department In
vestigation.
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The Presidents Sentiments ON
the Financial Question.
SC. &c. &c.

&c. &c. &c.
WASHINGTON, March 10, 1867.
President Johnson's Sentiments on the Finan-
cial Question.
As the Talk with the Presiddntn by Miles Reilly
has given TO much discussion throughout the coun
try garbed extracts have been published in hostile
partisan papers misrepesent the views Of Mr. johnson
national finance reconstruction and other topics OF
importance it win not be embarrassing the real
opinions the Chief Magistrate the subjects ques
fion. fortunately able to do on authority that
cannot be disputed. To begin with, the President
nothing to object to in the financial policy suggested by
the Herald within the last few days. H is impressed
with the paramount importance OF good sys
tenn, and concerned about the necessity Of providing
adequate means for the gradual liquidation Of the debt
well the payment Of the interest that debt and
knowing what has been done In other States and
tries which have been involved in reckless expendi
lures in the way Of reputation, he alarmed
about the possibility OF like causes producing
the results in country. But he Is not,
and never has been, an advocate Of reputation He
knows, from the history Of those times, that the ad
M nstraton Of John Quincy Adams deemed ex-
travagant and rejected by the people in consequence Of
IN annual expenditure OF $4,000, 000 and he feels
when he to the fact that the national
debt is $3.50. 900 600, with annual in.
forest Of about $l36 Oo0 be provided for of
che system, addition the and growing
annual expenses Of the machinery OF the government
Hence he is in favor Of policy which, in the language
Of the message OF 1895. whout being oppressive 10
the people, shall immed a,ey begin to effect reduc-
sson Of the debt and, il persisted in discharge fully
within definitely fixed number OF years. He be-
heved, when he penned that message, that the
whole debt might be paid of in thirty
years. and he In favor OF regulating the expenses
Of the government and the system
psh that result in about that space Of time. But
he then sanguine Of carly restoration OF the
harmonious relations which had formerly existed b.
tween the North and South. He looking TO the
early production Of large Of cotton, by Of
ee labor and the reduction Of the armies and
quent dminuton Of expenses therefor he now
Sonted with the prospects Of small production Of cot
ton and the expenses Of large standing armies aud while
he bot remember the teachings Of history and
psogress from free institutions hereditary despotism
through the subordination Of the civil the military
powers Of government he il alarmed at the prospect
now before ~ He thinks Daniel Webster inspired
- prophet when he predicted the failure Of the South
American republics twenty -four years ago. in
consequence Of their holding elections under
military direction. Daniel Webster expressed this
eonvcti0n In Grafton at the Bunker Hin
monument, somewhere ABOUT 1919 inc biographies
Of Bolivar. Santa Anna and Napoleon the Third will sup.
ply from modern history aiar Illustrations Of the
facility OF passing from freedom to despotism under
system Of elections conducted under military control
Tho President will be constrained under his views OF
The unconstuonality Of the Supplementary Military
bn 70 give his veto; but he will cheerfuly execute
the law unless is declared unconstitutional by the
courts The Supplementary bill having passed
both houses. short veto may be expected
from the White House but that the measure will
be put through the veto there seems TO be no
doubt. may add that the President endorses the
tion taken by the National Democratic Committee at
their late meeting in Mr.. Bemonts house
Progress Of Reconstruction In the District Of
Virginia.
Information relative TO the status quo OF the
struction question in Virginia and other parts OF
she South continues to flow TO the national capitol.
Leading politicians in Richmond represented as
exultant over the passage Of the Supplementary
Military Bill not five hundred in the State OF
Virginia will be DISTINGUISHED by it, The oath Of Office
Soldiers to support the government Of the United States
has been abolished there since 1s4e thus only old
who held Office previous that date are partially
cuded In all the other Southern States the numbers
<isfranchised large, in remote districts
peopled principally by negroes every stakeholder
magistrate, and other civil oicals
ans particularly the In South Carolina The
1sssident and conservatives In Congress anxious
eAas Virginia should lead under the Sherman act,
and have given that the majority Of the
osfsAnchised win restored 70 their political rights
0hsn the State assumes her position the Union Con-
Siderable excitement prevails Throughout the State on
eho subject Of elections ll municipal Offices Nomi-
aafions for councilmen and mayor have been made in
several cities by the negroes but elections take
Saaoe until the registration Of voters completed which
N daln unttf
General Schonsld has issued two additional orders Of
Importance, - folows:-
GENERAL oRprns-So q
HKADouARrRs FIRST Dlsrnicr STAT. OF VIRGINIA.
RIcHnoSp. March 16, 1857. I
In pursuance Of the provisions Of the ah section Of
Che making appropriations for the support OF the
army for the year ending june 90 ises and for other
Dunshment for any crime, misdsmeanor or offence Is
hereby prohibited 10 this district
BY command OF Brigadier and Brcvet Major General
J. NJ SCHoFIELD, u. s. A.
& +. CHALyN. Assistant Adjutant General
GENERAL oRpERs-So. 3
HEADQUARTERS FIRST DISTRICT, STATE or VIRGINIA,
RIcHxoyD March 10, 1867.
mo following extract Of an ACT OF Congress rcpub
nshed for the Information and government OF oil con-
Ccrncd:-
SECTION 9. And be further enacted, That all militia
forces nov organized or service IN either q The Of
Ais5.@. LoaI,i.ps MssssIIYl and Ts1s. Ss torthwih
ealing into services Of the said militia forces or any par
shsreof is hereby prohibited under circumstances
Approved March ., 1867.
BY command Of Brgadier and Breve; Major General
=. NJ SCH0FiELD u. s. A.
T. cnALrS, Assistant Adjuiant General
Report OF the Virginia Delegation TO the
state senate.
me following is the report OF the committee Of the
Virginia Legislature recently sent to Washington made
yesterday TO the Senate OF that state:-
--,..- RICHMOND. March IS, 1867.
. Tour oommitiee acting under resolution appointing
fhen 70 confer with the a, Washington as
- whether the convention proposed 10 be called bv Tho
Bencrai Assembly OF virginia would be considered and
Feoogntzed ne legal mode OF holding a conyentian
under the act OF Congress passed March lssT have
Che honor 10 report that they repaired 20 Washington
politely and kindly received by the auhor,,ics
md invited by prominent members or Congress- 4,
make suggestions Of amendmefis to the pending