The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-11-26
Things in Washington.

Things in Washington.
NATIONAL FINANCES IN CoNGREss-n'FAATIoN AND
sPEoULATIoN-BUsINEss INTERESTS, &C.
! A Washington despatch to the Baltimore Sun
says:
1.-THE reassemblng of Congress has iuaurlrated
fresh onslaught upon the financial que e.tioa and
| the matter already promises TO loom up conspcu-
ously in immediate legislation. While on the ole
hand a resolution IL offered In the Senate pledgls
| the faith of the Government for the payment Of
5-20s in gold, Mr.. Wade, OF Ohio, is ON the other.
/ reported to have expressed himself, i'll conversa-
ton, as against contraction Of the currency and
speedy resumption of specie payments; to adYo-
cate larger circulating medium OF paper; TO
| favor economy and high tariff, and reduction OF
| internel taxes.
Other Congressman have expressed the same
views and the Indications are that the special IN
| terest crying for more paper money-an interest
founded almost wholly on speculation-will press
its policy vigorously upon Congress. These opera
| tors and they are numerous, vii! use the recent
stringency of the money market to back their de-
mands regardless of the public emergency or the
sufferings and necessity of labor. If their efforts
are successful, and many sage observers fear they
will be- we shall have period OF kiting equal TO
any past experiences, though 1t is not though.
that it can be extended to any great length OF
| time or maintain as much confidence as former
seasons of imitation. The cry for moro currency,
| however, is 80 strong, and raised from 80 many
quarters, that even some OF the supporters OF MI.
| McCulloch are canvasing the effect OF stoppage
| of contraction as compromise Tor more green
backs, confident of the disaster and ruin when
must follow any extensive imitation. Still the
doubt and uncertainty will have their effect on
| trade and continue the depression which Is now
| so general.
| VIEWS OF CHIEF JUSTICE CHASE ON SPECIE PAY
MENTs-A UNIFORM CURRENCY THROUGHOUT THE
| WORLD, AND THE EXTENSION OF OUR BANKING
| SYSTEM.
The Washington correspondent of the Herald
telegraphs -'f
Chief Justice Chase in connection with his pro-
| fessonal duties. gives considerable attention 10
financial matters He thinks the time not far dls-
tant when the Government will have returned 10
specie payments, when he considers all the Onlteu u
States bonds will be redeemed IN specie. on tne
@ 'diiiu'A ,in,a ~ S"frhe Currency
the energy and perseverance OF houis N"pJ I'll
leon. resulting in an arrangement WIN az
the principal powers-Germany, l1ussla sl o,,,. a,u
England alone excepted-lo adopt UNIFORM cur
rency gives the Chief Justice great satlsfactlon.
There IS already much talk that Congress- ourinS
tIe coming session. will join this Convention ana "a
adopt tho French iye-tranc piece as tne Dssis So VI
the new system. On this subject the Chiel Jus
t;ce SUGGESTS that twenty-franc piece correspond
ing to the French Napoleon should DC caueT M, q
..Ijnion," and ten-franc piece an eagle. lne
reason he assigns for the adoption OF thls nollen
cature is that the word 'umon wouiu re. lecoSan,
movers of the world and the eagle figures prom
pently as representative emblem among dlfiereh
nations Germany IS expected also soon W Joi'i wy
Convention, which will compel England 10 ioiIE'
her old fogy notions, alb ,lish her abomihaDl'
svstem and adopt q currency which the Sroa
maritime interests of the world demand. Ih'
Chief Justice is also of the opinion that the pre-
sent banking system Of the United states VIII De
come general and that the worlu VIII III npS o,so H
c reap the benefits OF uniform currency Dut also
i universal bank system. He considers the eNpeIi
4 ment which the present plan, rccoSIiiIeu IN 'n
limited States has been subjected TO display IL
practcabty and the time Is not lar disS%e T roo
4 its ntility will be more largely testod Inc Srea
international industries of the globe, no consl9eIs pr
reonires some general system OF banks, ana tn
snccess of our own. and its advance upon tle vi
PRINCIPLES, he looks upon as the one most reluii II,
% to be extended to comprehenoon n hoS ben
70 financial transactions of nations, Gs IL mas pee
e tried in the business operations OF our OWL o'a'e
20 CIV. .sIIspENpED-GENERAL HANCOCK WILL man
AN EFFORT TO HAVE THE OFFICERS HEMovhp l.
sc SHERIDAN REINsTATED-THE NOVEMBER sf''io
D. RELIEVED TO BE ILLEdAL-IMPEAcHMENI'
d A snecial telegram to the Richmond Dispatc
rt dated Washington, EGyember 49, says:
le II appears that upon the first notice q Nenss
N Mower's order removing civil officers in Louisan
:. thl. President called General Grants atent.on
the matter, and upon that ~ ono Ia n
n os,ed General Mower 10 suspend the ordeI un
~ IL orv5! of General Hancock 1T Is heheyeG tC
aaReS T ass to s1g Ssss q
h lew GsSs order forbddng the rcnstatiTS OF Il
office Officers removed by General Sheridan and thel
proceed a,eor to Go1srntl l' asGn 4
nthars again in the positions to which til
elected BY t ss pfqR e SbpRpo the S1e
NJ a,,n,t wneao of the Reconstruction Law. Ofcit
bnS influential I'll Inn men here this course
believe by the resOute adoption Of it. bsTa G9lG
naonie Of the country and probably they will ell
him President. Indications favorable to 7oo1 81
ge election are already manifested among lean
w. pVTtue The Republican members of Congress are don
. full of the legality of the November SESSION,
OF consequently will probably not attempt any
me nortant legislation until the De ember term.
ia. By close canvas OF the House it is t found I'd
'a forty-three are in favor of impeachment anu
IND balance are opposed to it. Tnc maJority.
nevertheless, in favor of vote OF censure ol
President.