The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-12-11
TELEGRAPHIC NEWS.
NEWS FROM THE CAPITAL.

Special telegram TO the Dispatch. @r'4
WASHINGTON, December 10, 1868. i
The Legal-Tende- Case. ~
Attorney General Evarts this afternoon
made the closing argument in the legal
tender case before the Supreme Court, and
the court has the matter now under advise
ment. decision is not expected for some
time.
Commissioner of Internal Reyenue.
A nomination for Commissioner of In
ternal Revenue having been determined
upon by the President, the position is
sought by several gentlemen either in per-
son or through friends. Colonel Moore, of
Ohio, Mr.. Woodbridge, member of Congress
from Vermont, and Mr.. Cummings, of
Pennsylvania, are among those urged by
very strong influence. 1t is supposed that
Mr.. Cummings will get the nomination, as
his name was before the Senate for the
position in July last, and ballot was pro-
ceeding upon the question of confirmation
at the close of the session, and was inter
rupted by the adjournment. 1t is assumed
that under the circumstances Mr.. Cum
mings should be again nominated.
The Georgia Case.
The House Committee on Reconstruction
had under consideration to-day the Georgia
case, wherein it is sought to place that State
under a provisional government because of
the expulsion or rejection of negro mem
bers of the State Legislature, and for other
alleged violations of the reconstruction
acts. The committee did not come to any
definite conclu sion, but expect to report to
the House on Monday.
The President and his Message.
The fury against the President for the
alleged offences in his message, as charged
by Republican members, has subsidized for
the present at least, and it is probable that
we shall have no more violent discussions
of it's features until after the holidays.
When the House resolves itself into Com
mittee of the Whole on the state of the
Union, then Radical members propose to
attack the points in the message seriat'm.
Meantime they will nurse their wrath to
keen it warm. AS the document is further
considered and read carefully, less objec-
ton is raised by Republicans, and even the
so-called Reputation proposition contained
in the message, now that it begins to De
comprehended in Radical eyes, loses its
hideous semblance and assumes more agree
able proportions.
The President denies to-day that his
plan, when properly understood, leads to
reputation.
The Interest on the Public Debt.
There is considerable variance in fnan-
cial views and projects among Radical con-
gressmen, as is VIGOROUSLY advertised.
Several propositions-Senator Sherman's,
for example-have been made to reduce
the interest on our public debt. This con-
templates, as argued by some, a violation
of the contract with the purchasers of our
bonds, who claim that they should be paid
the interest named at the time of the issu-
ing of the bonds until the expiration of the
term for which the Government borrowed
money. Assuming that the Government has
the right to reduce the rate Of interest at
any time it may deem necessary, the ques-
ton becomes an open one as to the rate
of interest that shall be thereafter paid
and depend upon the judgment of the in
dividual who proposes the reduction-some
say three or four per cent. The Prcsi-
dents proposition, it is urged, goes no fur
Their, and, as stated by himself, in diff
ferent form from the phraseology of the
message, is simply to pay the public debt
in sixteen yearly instalments, allowing in
terest to the holders of bonds at from four
to five per cent. per annum. He proposes
to pay the interest on the debt in gold
and the foregoing is the result of his
plan, taking into consideration the differ.
ence in value between gold and greenbacks
and adding thereto the sum saved by bond
holders on their capital by reason of its
exemption from Federal and State taxes
This tax saved is estimated at about two pei
cent. WALLACE.