The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-13
Growing Opposition to he I'm
parchment Scheme.
Movements for the Reduction Of the
Tax on Cotton.
THE COLORED MEMS CONVENTION.
&c. DC &c.
WASHINGTON. Jan. u, 1867.


dietary Committee. after q careful examination Of the
vsoofs Of high crimes and sdemeanors submitted By
Mr. Ashley against the President has come 10 the con.
clusion that there sufficient ground upon which
base q bill Of impeachment IL is certain that the
Committee is summoning no witnesses in the matter
and taking no testimony 1t is commonly understood
that unless some Of the investigation commit
tees work nnd more promising material the Com
mittes will no further steps the matter There
is growing opposition TO the impeachment project
among even the extreme republican members
Of Congress- which is traced to great extent TO the
GOODNESS with which the has been received by
republican press Of the country generally. Senators
who alluded to the matter privately to-day say that
the trial would consume seven months; and in the
of failure to convict the party which conceived
the project would be irretrievably ruined.
Financial Matters.
The provisions Of Mr. Randalps bill the subject OF
the currency attracting attention every day.
the desire rid OF the interest paid by the govern
ent the bonds increases with the of taxation
pressing the people, and the only Of doubt In
the matter is the probable effect the credit Of tho
government Of large increase Of the rrsdeemable
paper OF the Treasury and the consequent effect on
existing contracts in business circles As the United
States notes the only legal tender the effect Of
adding three hundred million dollars the volume
existing may be to deprecate the value OF
all contracts for the payment OF money. II may
also, by the release OF $685. 4s7 TOO Of bonds from
the Office OF security of national bank circul alton
tend TO give TO the market a supply beyond
the demand and to deprecate the price OF the 1t
lie also question whether the bonds Of the government
would command the present price in the home market
If they could be used the purposes of establishing
national banks These are some OF the suggestions
which thrown out in regard to Mr. Randalls propo
stion, and they doubt eligibility Of
the scheme Moreover, as the volume Of the paper
sBoa for which the government ID responsible Ia in
creased the more difficult is the task Of preparing for
resumption Of srecie payments that paper and
scquentiy the distant the day which shall witness
the Of coin in the daily transaction of business but
II these serious objections to the scheme there
also very grave TO the system Of national banks
and becomes a serious question whether the
evils incident to the latter system cannot be
overcome by some legislation which may not
require its entire abandonment The idea Of
withholding portion Of the interest in the shape OF
the banks also suggested, and the privilege
10 very great they could do very profitable business
and pay three to four per their security bonds
also The banks should pay heavy tax 70 the govern
ent for their exclusive privileges Of furnishing DIR
cuating medium, nc, and tax could be levied OF atty
Per OF all profits made by the banks the circu
1ation notes bonus 10 the government for their
elusive privileges to be aseerained by careful exam
-s,sion Of the Comptroller aud the testimony of
: She officers OF the banks.
During the week ending to-day there has received
from the printers the Treasury Department &43 4eS
fractional currency. During the same period there
shipped TO the Assistant Treasurer a, New York
$780, ooo 10 the United States Depository a, Cincinnati
500 900 and TO the National banks $3.50 s00-making
. total of $780, 500.
DURING the past there has been issucd from the
treasury Department $3.50 in national bank currency,
making the total paid up to date $500 755 p0l
From this Is be deducted the currency returned, in
sfuding out notes amounting 10 So l45 sS2 iess
eng actual circulation q, this date s2as, sO9,1o0.
The OF securities held by the Of the
Vnted States in for national banks, reported
Day, owsFor circulating notes. $40 3s5 l5o;
fw deposits OF public moueys s3s so3, $50. making
total Of 500 zee, 100
The amount OF money disbursed from the Treasury
Department during the past week is as follows-For
the War Department So o26 Oel for the Navy Depart
nent $344, $50, making total Of $3, AGAR
The receipts from Internal revenue to-day were
s:2a, 4os, making the total receipts for the week
eA45s.l4e
Senator sumner, and Representative Ashley, Of Ohio,
have received The following despatch.
psSvxR CRY, Colombo. Ian. IL, 1851.
The coored people OF Colorado anxious for admis.
mss your influence With members OF the House Of Rep
rssensaives to this end.
Signed by W. J. Harden. L. H. Dongsss and two hun.
9rsd other eoored citizcns.
harden s the popular colored orator OF Colorado and
Douglass is OF Frederick Douglass, of New York
Ths friends OF Colorado that the present Terrific
rnl lssis,sssrs elected without reference 20 the
sssts qsesiion a. expected that the admission Of
shs Sasse would preven, their meeting; the demo.
crats aid few republicans m the House, under the
n "a naad ma iiy
~ css but that The other branch of the Legislature is
amy for the admission OF the State; that the action Of
the House the state question icegaphed yesterday
b therefore but Little more than Governor Cummings
epposifioD which IS easily accounted for
The Cotton Tax.
Representatives Of the manufacturers Of cotton goods
now the CITY, declare that if the
nve per cent is not repealed The mills win be com.
saed 10 suspend operations altogether.
The Cnse 81 Stafford Conover.
To-day District Supreme Court affirmed the judg-
msnt Of the coar below Criminal Court oserruiing
the demurrer entered IN the OF Sanford Ccnovcr.
alias Charles DaDham indicted for perjury before the
Judiciary Committee OF the House OF Representatives
shen they we're investigating the question as TO the
cemplciy Of Jefferson Davis in the assassination
spirscy.
tn. Niagara ship Canal.
strong lobby s Gathering here in iavor of the pro-
posed Niagara Falls Ship Canal The bill that passed the
Mouse AZ The sst session will be pushed with all
N the Senate this winter The Chicago Board Of Trade
sready Represented here in this matter by It's President
Mr. j. 9 Dore The President Of the Detroit Board Mr.
d. Bseicy, and Mr. duncan Stewart one Of their most
prominent members and Of the largest merchants
and oldest shippers on the lakes are also here Repre.
sepsstives from Milwaukee, Cleveland Toledo, osweco
snd other cities interested expected to morrow
Negroes Lynched In North Carolina.
sscs who had been confined In the Jail or Green county
Gw entraspe the person Of MIRA Micr were on Tuesday
,sht lsst yDched by booy Of armed men They visited
Via ai arrested the sior took possession OF the KEYS
sus removed the prisoners alter which they inflicted
sipr1sle punishment rhc strccous act is universally
oosdAemned by the people.
Eu4svssies ~ Negroes 10 TrNas and the