The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-12-02
W ASKING TON.


THE TREASURY REPORT Mr.. ac.lIiLoCH Op-
POSES EXPANSION AND IalMEDIArE seErIE
d, PAYMENT-THE THEORIES OF BUTLER AND
~, WAsHSuroN, Nov 30
s secretary McCuiloch's report, which will he
sent to the press TO day. is of considerable
length 1t refers to the reports OF the diiler-
ent Treasury bureaus, drawing from then, facts
and figures in support of the views Advocated
IN his own report and celebrating upon ilieih
at length. l-e...-
Mr.. McCuoch allud,.s 10 his earlier reports,
= going back to the time OF his nomiI.inon, and
also to the reports OF Secretary Chase and Sec
rotary Fessenden in support OF his views ard
Lis policy of continuing TO contract at the rate
q four millions per month.as prosidedsby law.
he shows that there We're months when be
could have contracted the above amoun!. hut
% refrained from doing 81 because he did not
think it necessary or expedent He takes
strong ground against expansion. which. tomse
liquidation, -
ftza The views Of Gen. Butler, r..Steyen. and
others are commented on, and the tendency
ana results OF the different finance schemes il
!. carried out, are enlarged upon and conttasted
q ne interprets the law in reere nee to the Ave
twenties as binding the country to their pay
ment in coin, principal ami inserost, and b.
.7 nSVes mat II the policy hooking to their re-
demptlon in currency shall be adopted. the ef-
leo a VIII be disastrous; He states that he has
sumclent gold in the Treasury to meet the de-
mands on the Government and keep the mar !
sket in check. He gives bis reasons for moi sell
ing more gold and eDdeayosing bring abont
resumption in that way. The SPECTATORS wound
tomorrow buy up all the gold he could offer
< and could then easily control the market and
make the premium higher than ever II has
been. -
40 He believes that the oiicy OF immediate re-
q sumption OF specie payme:i is would lead to an
immediate crash in business which he hopes to
avoid: he comments at length on the fnterlii
mai revenue Commissioners report aS,'A =
1t as his opinion that if tue .iiIcrnu Tcyenue
department and the treasury had SOLE control
OF the system, the taxes would be fully collect
"a ed and an end put to fraud and corruption. ID.
~ Ihe report has been read at Cabinet meet I
ing for the information and guidance of Mr. |
h johnson, who has some financial views in his I
forthcoming message. l".taA. AA4-}
INTERNAL REVENUE RBeEIpTs.7 ID
=, Inc receipts from internal fevenuesfo for the |
- week were $3,1140OO 2 Il : -
y EXAMINATION In THE CASE OF SENATOR TaoaAs
III The Senate Judiciary G Jinmittee met this |
morning to examine into the case of Senator |
Ihomas, OF Maryland. 1t will be remembered
that when he appeared last March to take his
seat u was alleged that he had in various ways
a gwen AID and comfort to the rebels dunng the
war, and his credentials were accordingly re-
ierred lor examination. John j. Cisco and
other prominent gentlemen here as wit
'tsa4 ~ THE PRESIDENTS MESSAGE,
The Presidents message is now in tyDe If |
n was agal the subject of Cabinet eoHsidera-
: ton to. day, all the members being present,
including Gen. Grant. 81 asns gs
g s1eseaa 70. g T WAsH1kGToH, Dec. 1.
The Presidents message and accompanying |
documents VIII be communicated to Congress /
on Tuesday of this week. Copies were mailed |
to-day in order to reach distant points by that
q, THE KENTUCKY coNaREssMEN--B, BUSINESS Be
as FORE THE sENATE-THE PRESIDENTS MES
81 sAGE.iiR pa4 .4Alb1ae - o. gi.sA e 2 a.
New YORK., Nov. 80
a'9 Washington special says the managers of !
impeachment begin to lose confidence. A count |
q ct the House shows ~ majority against it.
Charges of disloyalty against the applicants |
for admission to Congress from Kentucky have |
not been sustained by evidence, and the Com |
- mittee will probably report favorably upon ad |
mission. 7
The Senate decides that all nominations not
disposed OF before noon of Monday will fall |
with the expiration of the session.
~ The Senate Finance Committee has held
- NEE ing to organize business. r j.
MIR. Fessendens bill to reduce the surplus
funds of certain banks, with the view to dis
tribute 1t in other localities which have mot
cussed. - AaiaV .E9l I'D .sagpBsa
re The Senate Judiciary Committee will report
on the disloyalty charges against Mr. Thomas
of Maryland, in few days, -, - : NJ
The expenditures of the recent Indian Peace
Commission are less than $4,000.
IA The Presidents message is framed in con-
ciliatory spirit. At5t.ss
& .AWashineton dispatch says awen Inform
ed radical Senator stated that though doubt
full Of theLesult few days ago, he feels conf
dent now that the impeachment resolution win
be beaten in the House by majority of over
thirty. The members from Ohio are divided
an sentiment, and also those from sPepnsylva
MIA: New Jersey~is decidedly agaihst it, to-
gether with Maine, Vermont, New Hampshire,
Rhode Island and Connecticut. New York is
divided on the general vote. However, ma
jorfty of Republican will be found in array
inst InlDn Hhn AZ hfacir
in both houses are DESTROYS of having the cues
ton brought up at once andIdisposed Of forev-
er,. They are irrItated at having, the present
valuable time wasted in its discussion. b. 4
A NEW FINANCIAL SCHEME IN HUNDRED
'aA sififs.s5~7' e -. " DAYS i.:..,s go I ~
a45 Senator Wilson is of the opinion that Con-
gress will consolidate the bonded debf, provi..
ded that ii shall be faxed, and take from the 4
Secretary of the Treasury the power to retire 4
a. y more OF the currency. He believes that
= when impeachment, against which all the y eW
4 England members except Butler and -Bouts -
well will vote, is got I'd of Congress will adj
b aadress itself to these questions, and inside OF
hundred days give the country revised and,
improved code of internal revenue apdreduc-
4 ed taxation; and in order 10 meet the Smone-
tary needs of portion of the States where
t but few national banks ere in existence, the
circulation OF some of the Northern baLks
will be curtailed, and, without increasing the
l-s aggregate amount of the national bank circu-
lation, diffuse the currency throughout the
aWHoe country NEtM z.l
y PROTECTION no AMERICAN CITIZENS BROAD
There is a disposition on the pari of the
House Committee on, Foreign Affairs tie take
some definite action in reference to the force
ic OF American naturalization papers. They pro-
lsa pose to decide upon some ef1ectaaf means of
: protecting Americ N citizens fom the iIicon-
yeniences TO which they have been subjected
by some foreign powers The committed how
ever, are equally emphatic in their determine
tion to disconntenance any,intertercnce where
the parties have been engaged in open hostility
q to any governments. They consider that if a
= person participates in acts which make him
subject to the criminal laws CT the State, he
places himself beyond the protection of his
government, and must run the chances of pun
--aishment under the laws which he violates.
~ sTANToNs CASE. II
The fumor that Mr. Stanton viii resign the
office OF Secretary of War if reinstated by the
4 Senate il deniea upon good aufllDaty& Mr..
'sStanton is still here waiting for the Senate to
take, some action in his case. 4goia, ffuoW "a
YTAh n7NAREGa-rTRkT aFoJv0N