The New York herald., 1868-03-10
New Financial Measures Before
the Senate.
Retlenchme ent in the Naval
Expenditures.

st nn the nmhc Set and IN o,har pay ii.er ~ al
proved June So 1894 and all acts and parts OF acts
smendatory thereto be and the same are hereby
ss tereto az Tessn ~ 20 sn ana amend
OF gas made Of coal, wholly or In part Of
any otner maseral, or illuminating, lubricating or
Sisson reistratton ~ n1 " d OF ,e
leum, or Of single distillation of coal shale peat
OF aspnaltum OF other bituminous substances or
of tohacc u ana a 4aaes
and cheroots ' 0As o'e"As'e'' o's"is
Notnmg IN this act contained shall be construed
nroviasnn fHr N the Will a. any law, rsgu,ation OF
which under existing laws NAV have been assessed
or which may accrue or be assAesed hereafter and
SEC. q This act sbaii taEe "a afYec1 and he IN rorca
from and after the first day of Nav A. ID 1858
Nomination. by the President.
me President to-day sent to the Senate the follow
ing nominations:-
Oliver Munger, OF Ohio, to be Consul at Turks
isSn9.
states for the Tistlct ~ MInrasoia iv1 rhi 1 %
tion was subs6quentiy confirmed.S
Samuel w. Latta OF Pennsylvania, Assistant Sur
pohart ~ Tisiyn por,nas.ar =, 80 v,
James W. SNYDER, to be Assessor OF internal Reye-
nue. Tor the Oath district OF New York.
M q. Lnuseyi rOstmaster a. b0ise Cty, fuano
rss 80 - rs" w-- "''
NM. caa-s.s~. -. ~ r.s.. 80. ~s'
70 NJ Ynran,s ra.n,utar rac.nt,r oaa',.as ), ~
IT,. .1.. sso1 .sov a.op'e0 - .i'o
- ".oa ne sa,es Una. sne 'olai leceip.s rom
Yon-a.S, % ,o.a .a .o - 1oo "
so,s :. .ooI = ~ y, m'n 'neie was
- 800 e~ooe'ooo Ano ioiiiAil
s.,.s- 80 :. ...y - Sop"Ay :. .e '"i'
49, 49,. - " ono pol oon'
~. cns !. C.~ =. - -. 49, =. ~, - Gee
- f', - 800 " 'no Sooie'ai'
,-s~s - -, "e nave always peen
80 = - ''A'As ~ a0'i0e' 'ioni oui washington
-
~ "S"'"1.sn,-n - e.. s'ei,es ~ :" ieh"essce'
,o..or 20 49, 60. ca,,a.. :"
80 49,. -.on oooso. ADeine'ny' " .ie eec-
,,,,a 49, ~. .-a.a - u''.u q. DIVA
s oaa ,ns'an lepol'e ,e arrva, o tne cav
-. - .u,s,. " "p'o ~ WIN iia ~ 'he suppies-
~. a. -. sos .ne ooneo'oi aiso s'''es
g. ss.. ~ o'".Doine oouny' on near
- as.... 49,. - .-."-e -. .no p'. " 'no oiioeis
snon. - 'us0ioo' aie iepor'eo W nave iornaeo
-a ,..o 0oMp"n'es iol iesis'ance' ihir'y-
g. 49,. a., ~. ~ onoei were W ieaVe
=, .1oro,s iA"'''"' oH '''0 'i'e'noo VI 'ne ON
1-.-.
"'1oS Dciore 'ne
wos,,rr.or .,,os,,a,on :" 49,. ,..,, ,.,.
sov. tnot tha canata r,noroa cor,,,,,..aa - ,ao,,
70 ronort NJ psraerson,. nm ax.o,a,. ~ Da.,a
q, national banr notas IN ro,r ,nndr.s r,,,,,o,s
with view ~ ecualizino tho c,rc,loton omonn tna
!, ,severa, states.
corotor chorr,o, ,ntaras 81 ,,,,s, NJ. c,, 80,
ana thinks he has strength to carry IL as n meets
. win aome favor both with Eastern ana western
members.
senator Wilson introduced an important financial
,u todav nrovid,no for t,e conversion ana rnndirc
~ the ,nterest HEARING aebt and IN .mend t,a panr
Inc laws Tho arst section authorizes tho secreorv
OF the Treasury to issue coupon and registered bonds
eucIent to redeem the entire interestbearinp debt
that the bonds shall be payabe in fifty wears and shall
hear s,x per cent interest for twenty vears and Ave
per cent after twenty years princnal ana interest
payabe I'm coin The third section nrovdes that the
bonds shall be issued solely for the redemption and
exchange OF existing bonds and said exchange NAV
be made until January l. 1870. The fourth section
lays tax OF one per cent on said bonds per annum
and directs the Secretary 10 withhold the same from
the interest as it accrues. The fifth section
relates to the amount OF taxes paid in
each State on government bonds. The seventh
section authorizes the increase of the national
currency to eve hundred millions, TO be dis
tributed among the States which are not enloying
to their full extent banking facilities The eighth
section provides that when the currency exceeds
seven hundrt,d millions the Secretary of the Trea
sury may retire all in excess OF that amount. The
ninth section directs the banking associations TO hold
their coin interest received on the bonds as reserve
until able to redeem their currency and not to use 1t
for any other purpose
Astounding Statement In the House-Re-
ported Inswepse Freud In the Treasury
Dcpnrtmcnr.
The startling remarks made to-day by Representa-
tive Logan in connection with Treasury bonds In
duced Representa,iv ives Van Wyck and Lalin, Of New
York, 10 wait on General Spinner, United States
Treasurer in order-to get information from him upon
this subject. other gentlemen, equally socitous,
made similar inquirie,' General Spinner emphati-
caly said to Messrs. van Wyck and Laflin that the
government has not lost dollars worth of bonds by
the transaction to which Mr.. Logan referred that
there Is nc foundation for the report that fraud has
been committed in this particular and that it has
doubtless arisen from misunderstanding of the
In thu print