The New York herald., 1867-12-03
Opening Of the Second Sess.o. OF the
For!ieth Congress.
Important Financial Measures Intro
daced in The Senate and House.
GENERAL GRANTS POLITICAL VIEWS
WAsHISeroN, nec. 2, 1907, |
ii Clock y. H. !

Of idess upon that important sn9ect Yuan any se''sa
policy. Most or these bills are crude in theory and
impossible In practice ono class proposes 70 withdraw
she national bank currency By receiving the notes IN
paymcnt OF In,srna, Revenue taxes and turning them
pver 10 no Treasury 70 DO replaced by greenoacss,
thereby Keeping inc currency OF tho country at its
preron. state TO his schemo il s objected that the
amour. thus Withdrawn would bo the same bonus
70 tina banks equal 20 the amount thus withdrawn |
c,hers Insist upon requiring tho banks to recall their
notcs aud pay them snto the Treasury This |
would remove tho Obligations i-nposed upon the |
banks and allow them the liberty to fix their |
cwn rates OF inerest aud discount Mr. Binghtnn, Of
Ohio, IA preparing speech eho financial question,
Shicb promises greater scope than has yet Character
yzsd tbs remarks Of other geE.lemen thet subject
as eorsders that The public credit OF the ration should
not impaired by unnecessary and hasty legislaon
and tses assured that Congress will the
rency beyond absolute of cTculating medium
o. admit or contraction. He ooosidcrs n necesary
Tor the country sae old bank system, anc
inaresore does feel very hostile 10 the national
banks Ho does not favor a long 4oaD IN coin. Ast
,rond increase the demand the treasury for go.d
which. II the iEr.rest psoed at low ngure
sho expense might overcome the difference. Ho con-
sdss the presen Congress redsces taxation puts the
irpeachm ques.ion out Of the and reorganzes
The States cesented, vita Grant candidate for
the Presidency tho republican, carry the country
lriumphs nty in the next elections.
Gold Notes IN Place Of Legal Tenders.
senator orbets bill provide for the issue Of gold
noos place OF legal tenders tho first step 70 fscili
tate return to specie payments. The bill VIII he
called up early day when tho Senator will explain
bis views considerable length He argues
sxpors gold for the pas, threo exceed pro-
due,ions by throo hundred millions the
nlusloa s Inevitable that In the lapse Of
. Orsfr period the country viii be drained almost
entirely OF specie. The novel plan ha proposes for
cooneractng this result is to empower the Secretary Of
ahe Treasury gold notes. to The extent Of ninety
Per OF the gold Ia the Treasury the ratio of
millions a month. Ia ali.tle twelve months this
woald put IN circulation ninety millions OF gold
and retire about hundred and millions Of
legal tenders The receipts from customs being fifteen
sn,ncns q month the senator considers the Treasury
would DO IN position, while holding equivalent for
ths Issue OF gold notes. to keep on hand always surplus
Of ten per in specie besides that deposit sub-
icct 20 gold certificates.
The LincoIn Assassination Committee.
Tho Commltta the Assassination OF President
5dnoon, composed o, aessrs Butler, Of Massa-
chaseAs; sheabsrgcr, Julian, Ward and Randall
hare been engaged OF late In series OF
mysterious transactions. Detective Hines has becn
examined. The committees are excessively reucent
rcfroetng their operations and their expectations OF
accomplishing any worry startling results.
Proposed Annexation Of British Columbia.
to the House looking to the annexation OF Brush Co.
lsDha and Vancolyers ISand to the United States
&Iom recent arrivals from Oregon learn that the
people Of both sections largely accord with the sent
mont or aanexaon ready eonsus1nlale their
part ir atrarsfor Of dominion over tho country.
General Graut,- Political Views.
General Grant has bson vnrionsy represent cd md
mlsspressntsa regard 10 his political viewr, that
dsnEs pressntnieat OF bis posilion seems to be
nv tha tim Tho sral bo
callea ID the accepted OF the term. democrat
nMther eau said that eaaorsos the repu-
hsnism. Hts political vioss at tie present moment
embrace the hsppv which rejects ths retroxrado
policy or democracy tho QUO hand and the, ,fanacai
progression OF republication the olhcr lie
wiling 70 astn thai his testimony in the Impeachment
nvssIga.ion conservative IN other words, that,
n,ey-,ng himself above prejudice and looking with
sole view % the immediate restoration cf tho Union,
nc satlsned 10 support policy which could bring
abont ibs desirable contamination. He y also willing
10 admit that the universal negro suffrage doctrine,
forced spoa he people Of ihe South by the radi-
cal pariy,l s nj With bis political
vicionG Now and FOR tho future. II may
well s.aia, for the instruction and guidance OF
all parties that General will reject any patform
which negro suffrage il introduced - fundamental
plank. o. ether point OF domestic foreign
policy tho General Is indifferent whether II be demo
cratic republican, long Il tends to advance the
welfare and grea moss OF the republic.
Chief Justice chase on Finance.
CHIEF Justtce Chase finances maintains the visw
that al lsss;cn calculated 10 overthrow tho prosent
sys,em s Unnecessary and endapgsrs the public credit
Hs thi nks the finances Of the country very
ssts actory Coalition. s=d cites evidence the fsc
that wthin the E.s three years have paid Of
he raoDi Ind Atsiasss than Ia thirty years after the
war of lsl2 On Tho subject or contraction
ho tskss tho erOU nd that conuacfon should foilo~
allowing matters to take their be considers
the debt will take ~ Itsc ssd the credit OF ihs
eerny will Be betssss by allowing thirGS 70 roman as
ihsy are
Tho Assistant Secretary Of the TREASURY.
The resolution offered ly Mr. Thsysr to-day, request.
saG Information from 10 Secretary Of T,sasary by
wat snbcs',y and srder what hv AR Edwsrd
Cooper sssassed ths duties of aho eiace OF
As,siant sscrtaSy Of lhe Treasury, is smiaous
Of the lsts tha, awaits Toe Esvly appointed Assistant
vhsn n.o iAs Senate for confirmation.
His rejection 10 aforcgone conclusion, and IL cny an
oth evidence OF kor fatal nowadays he sniies OF
IGseuuvs power.
Arrival Of senator Henderson.
senator Henderson arrived FROM the West to-day, and
vii bc prepared General sherman and The resi ef
the Indian Com mlssioIsss rbgrsday.
IiMit- OF Military Reservations.
Tie War Department has recsved an order Issued by
MAJOR General A. J. Smith commanding the Department
OF ths Missouri dsaping ts limits Of The military reser
FaIors a, Fors Lsrned Zsrah, Kaussa The former
contains sixteen aud the lailsr nys square miles.
M,stcriotls Confab at the white House. i
Jcremah Black aps GersrI Gsrnsld. OF oho, were IN
consultation wllh the rresdssi " night People |
anxious 70 discover what BE- shs that mites
Black With Caraod--lss republican and the other
. democrat
The yirginir Constitutional Convention.
learn from Richmond that quite NJ nbcr Of delo-
evening. The CONTEST betwssa C1dsrwood and Hawk.
hurst for the presidency Is usring warm Uadcsoed