The New York herald., 1868-12-06
WASHINGTON.

WASHINGTON, Dec s. 1868.
Sensation Rumor Discredited.
The French Minister has had no intimaton what
ever OF the disturbances reported In the evening pa
pers mere a. having occurred in Paris resulting In
the assassination OF the French Emperor The whole
story is regarded in official circles here as sensa-
tional.
Bonds to tho Central Pacific Railroad.
The Secretary OF the Treasury this morning issued
bonds TO tho Central Pacific Railroad, amounting to
$04O,0o0, for the section commencing at the three
hundred and nineteth mile post and terminating at
the four hundred and tenth mile east from Sacra-
mento. The bonds are dated December s. and con-
Sequenty bear interest from that date.
The Law Of Revenue Compromise.
Gross inaccuracy exists in what has been published
about the laws touching the power OF compromise
revenue cases. Under former laws the Commis
sioner OF Internal Revenue "by and with the ad-
vice and consent OF the Secretary OF the Treasury"
could compromise almost any case. These CON-
promises have constituted the most mischevous and
inscrutabe OF all the sources OF ofncia demoraliza-
tion Under the new laws the loose and comprehen-
sive power was greatly restrained. Section seven
OF the act OF Slst Of March last which covers large
class OF cases, prOvides:-
That no compromise or discontinuance or ,aoUe
pr0SeQM OF any prosecution under this act shall be
allowed without the permission in writing OF the
secretary OF the Treasury and the Attorney General
But the later act OF the 10th July last provides
section 102:-
That in all arising under the internal reve-
nue. laws where instead OF commencing or proceed
ing with suit in court 1t may appear to the Com
missioner OF Internal Revenue to be for the interest
OF the United States to compromise the same he is
empowered and authorized to make such COM
promise, with the advice and consent Of the
where compromise Is made there shall
be placed on file III the Office OF the Commissioner
hn unliNff nj
osfcer acting as such, with his therefor to-
gether WIN statement OF the amount OF tax
assessed, the amount Of additional tax or penalty
imposed Dy law In consequence Of the neglect or de-
hnquency OF the person against whom the tax Is
assessed ana the amount actually paid In accord
ance with the terms Of the COMPROMISED but no such
compromise shall be made OF any case after suit
or proceeding IN court has been commenced without
the recommendation also OF the Attorney General;
provided that 1t shall be lawful for the court at any
stage OF such suit or criminal proceedings to con-
tnue I'm tne same Tor good cause shown on motion OF
the District Attorney.
Thus, as the laws stand now, no case once in court
can be stopped except by the Judge, on good cause
shown In open court, unless the compromise be
agreed on by the Attorney General the Secretary OF
the Treasury, the Commissioner Of Internal Revenue
and the Solicitor. The express language OF the law
trat Gin every case where compromise Is made,n
without exception, "there shall be placed on file in
the office Of the Commissioner the opinion Of the
Solicitor OF Internal KevenIe or oficer acting as
such, with his reasons thereforn devoves on that
officer an entirely new and very important RESPONSE
bility. Without his reasons tnerefor under
the Revenue laws can be compromised before after
suit.
1t Is not generally known that Solicitor Buckley
has been completely prevented from executing this
important duty by Commissioner Rollins, who
having control of the archives OF the bureau with
holds all papers relating to compromises from the
scrutinizng Solicitor. That part Of the law is thus
completely suspended. Mr.. Buckley has formally
demanded access to the papers, and has taken steps
for having the official misconduct properly corrected
by the President. This contraventon OF scrutiny at
such time as this looks bad for Mr.. Rollins.
Fractional Currency.
The receipts OF fractional currency for the week
ending to-day are s55s,OOO. shipments to the As
sistant Treasurer at St. Louis 500 000 to national
banks, $240,97S.
Securities held by the Treasurer OF the United
States in trust for national banks, $34l 63s 8OO for
public deposits s37 554 $50; national bank currency
| issued during the week, $184, ,43o-total to date,
$3l1 O2O 4O6. Mutated bills returned, $40 245, ITO
notes of insovent banks redeemed 5000, ,227; actua
circulation at this date 4.409. Fractional cur
| rency redeemed and destroyed, $8O5,9OO
! Assessor Appointed.
| The President this morning appointed Thomas
B. Florence Assessor OF Internal Revenue for the
deceased.
Arrival Of nm Indian Delegation.
A delegation OF the Sac and Fox Indians called on
the President to-day TO complain OF their agent who
they charge is using his power for the benefit OF the
traders regardless OF the interests OF the Indians
They we're in full costume and profusely painted.