The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-01-16

Inc NaEOnal BlnkS geG mOI6 Auu uoIe ou1 VI
humor, and distrustful of Secretary McCullocn
every day. and 30 are constantly casting about tor
a means Of hedging Themselves from any possible
future reverses that may transpire to their inter-
ests by too rigid enforcement Of the pains and
penalties attaching to nrn cement Of the National
Banking law, Secretary McCulloch is not dispo: cd
to look very leniently upon the palpable evasIons
of the law that are from time to time reported by
the Comptroller of the Treasury. Among other
provisions OF the law for the regulation of National
stantly on deposit sum- in legal tenders equal to
one-tifth of their authorized circulation. About
two-thirds ct the banks, by their own monthly
statements to the Comptroller, are not complying
upon the sharp practice Of keeping this deposit in
their vaults in tho shape of compound interest
notes, multiplying their principals at the rate OF
six per cent, and with two or three years
to run Originally, there was about one e hun m
sued first in payment of Government employees
and portions Of the Federal army, only to be gath
cred up and hoarded eventually by every broker
who could lay his hands upon Vo 1ne Stssy Snn
and what troubles tho Secretary OF tho treasury is
the prospect of having preponderance OF this
one hundred and forty-ave millions presented TO
him simultaneously two years hence, compounded
with an interest that has grown nlonstrously du-
rinr q FIVE years war. There is Bill now before
the House proposing to make the banks surrender
these compound interest notes for redemption IN
common legal tenders, and this is cause OF ner-
yousness to the banks. an e1Semalty III nko @ tms
them for the means Of ayerting such dlsagreeabie
circumstances in the future and this seems lately
to have been satisfactorily and almost unanimous.
ly determined in bespeak ne the election OF Ghie1
iustice Chase to tho next Presidency The latters
administration Of the affairs OF the treasury was
Of the most favorable character to tho banks,
and thus believe that in his elevation to the Presi-
dency no minister Of the finances would be tolera-
ted in his Cabinet who did not fayor ana oyerlSok %
tional Banks will be found to be most powerful
and interested combination in the canvasslng for
the next Republican nomination to the Presidency;
and already, so well is this UNDERSTOOD thatt has
come to be a matter Of open reference with Chase
and his friends, who aver that they can have ten
millions of dollars to carry tho nomination with, as
| the proceeds of voluntary assessments OF National
Banks all through the North.
ANN1vERsARY BATTLE OF NEW ORLEANS.
Tie banquet given by the Democratic Central
Committee In this city, on the 9th, in honor Of the
anniversary Of the Battle Of New Orleans was
presence, there was also very distinguished at
tendance Of conservative celebrities. The speeches
were particularly eloquent Senator Doolittle
speaking as I have never heard him speak before,
and Senator Hendricks outdoing even tho best OF
the the very handsome eff,rts we have had from him
in Congress this year past. The President, hap
pen to know, was earnestly demonstrated with by
several weak-kneed friends against the proprety
| of appearing at Democratic banquet, affirming
| that it would only infame Congress. Mr. Johnson
drily remarked that it was unfortunate that Con-
gress was 80 inAammable, and ordered his car
riage.
AN IMMEDIATE APPLICATION OF THE NEGRO suF.
FRAaE EXPERIMENT.
Congress having instituted the law of impartial
| suffrage, is in great haste to note how it viii
operate. To this end tho House propose passing
resolution next week, providing for genera
election to Offices whose present incunbents
terms do not expir until next sprng--the election
/ to be held at once Tho Radicals are making
arrangements to call out large negro vote, ane INC
already have canvassed the by-ways and hedges
in search and admonition Of their sooty brethren
i TEE BEAU MONDE.
Receptions among tho high dignitaries OF tlt
Capital are ow all the 'sgo." General Grant lee
of in q very brilliant affair on Wednesday night
/ and the Cabinet Ministers have respectively done
likewise uui11s wy 'o'ot''t 1'e'''' OsNN' vIDEx.