The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-01-26
WASHING
THE POLITICAL REvULsIoN.
The Democrats Confident Of Success in the
approaching New England Rlse.iens
FINANCIAL MEASURES BEFORE CesGRsss.

FINANCIAL MEASURES BEFORE CeNGRBsS.
WASHINGTON, Jan. 49, 1885,
IL O'Clock p n. J
The AppreacAiss Elections In New England
The Democrats sansuine Of Success. :
Advcss received here By democratic politicians nom
various pars Of New Hampshire and Connecticut give
large share Of the conservatives and
induce them 70 feel sanguins Of victory the approach
Ing elections II is invariably represented in these
accounts, that . wide schism 10 manifsssins
itself in the republican ranks BY reason Of
The radical Congressional policy, and that IL
needs only statesmanhke exposition Of doctrines on
the part Of the democrats the votes Of con-
siderable element Of dissenting republicans and give The
coup de grace to NO Insignificant portion Of New England
fanaticism- The Republican National Committee Il 10
said has been summoned convene here on Monday to
consider ways and means Of carrying NewHampshire The
Central Republican Committee of that State cry aloud
for funds, demanding $25 600 70 save them from de-
structon; but the National Committee are said 70 be
ssinas tho nesdful, and there is "a weeping and
waling and gnashing Of teeth" In view Of
shs dreaded democratic conservative uprising
The Late Speeches In tho Senate ON the Re-
construction Bill.
The speeches in the Senate on the Recons ruction bill
ssill furnish much food for conversation and equally
much for censure commentator. Moron's receives
no very undue need Of praise from his party; but
Doohttle's must be accorded the merit Of having
Been directed with all the precision and en-
cacy Of bombshell right Into the radical
camp. II was . natural sequence that the speeches
tn reply should have been made with all the
slaboraeness that eoquence argument could supply
Tor the damage done needed tho largest and most
skfu repairing 1t is contemplated by the democrats
70 print ono hundred thousand copies Of Mr. Dooles
speech and use II % . campaign document
The Reinstatement OF Secretary Stanton
Merccnary Motives Attributed to Certain
Radicals.
II begins to leak out that the radicals had some other
motive In rensating Secretary Stanton besides thai Of
placing him the Cabinet thorn the side Of Prss.
dent Johnson. II appears that q good many old
claims in the War Department dating from the period
Of The rebellion and rejected from time to time as being
OF too outrageous character 10 be recognized,
being urged upon him now for payment by some OF
The men who helped to reinstats him. HIS predecessor
ad interim did not venture to their responsibility
but tho present Incumbent judging from the way in
which his reinstatement has been Effected may DO
houghs impeed by gratitude to hquidate tho claims,
wen though they relate TO ,mpositions Of shoddy
which could only be tolerated during the war epoch
Senator Hendcrson's Financial Plan.
Senator Henderson will soon Introduce a bill for the
elief OF the national finances, which 1t thought will
meet the views OF all parties TO greater degree than
ny proposition that has yet been brought forward
he plan is briefly as follows The government 10
asue long bond, payable at the expiration Of fifty
ears, at four per cent interest," the principal and in.
10 be payable In gold and the bonds exempt
rom taxation In order meet any injustice to present
ondholder he proposes to provide for the OF
he difference between the four and six per cent for
kn favv
ctween the date which the act goes effect and
time which the government reserved the right 10
sdeem the bonds-vIz., a. the end Of Ave years-tho
,terest to be made payable at Frankfort and London
,r foreign purchasers. Then Mr. Henderson proposes
repeal the act limiting the national banks 10 three
undred millions OF circulation and 10 make banking
utrely free; but to the circulation by issu
g only seventy per cent Of the par value Of the
nted States bonds instead OF ninety per cent, is
done, thus giving additional security TO the bill
olders. A circulation like this IL s believed,
III admit Of the immediate retirement of the
esnbacks, compound interest notes and seven-thrtes
aving the government 70 provide for nothing except
quarterly interest Of one per cent Leading financial
on here fully In the belief that this Is the
ortest road TO specie payments, as the government
III have demand or temporary loans to provide for
1is plan also preserves the national banks intact II
gued that reducing the interest TO four per on
bonds with the additional security Of fifteen per
mt to back the circulation will the people about
ienty millions OF dollars snnually which
pcketed by the banks and will put these institutions
,on nearly the footing with other lender
iDancial Statements Of the Treasury De-
partmcnt.
The fractional currency received from the Printing
rau Of the Treasury Department for the week ending
day amounts 10 sela,ooo. The amount shipped dur.
the same period was as follows = TO the national
uks ard Others $l7l,476 In notes; to the Assistant
easurer At New York, $4,000 in notes; and to the
sistant Treasurer at Charleston, sec, oo0
The Treasurer Of the United states holds In trust for
D national banks this date the following amounts,
I:-Uni,ed States bonds security for circulating
tes $34l 500 and for deposits of public moneys,
7,s27,s5o.
The national bank notes issued during the week
,ount s62 $780, and the total amount issued to date
$685. el2 I'll. From this is TO be deducted the follow
amounts: -Mutated bills returned. IS, o33, 1906
tes OF ineolvent banks redeemed and burned by tho
ed States Treasurer $3so 500, leaving in actual cir
alton At this date S299, $50, 746.
hs amount Of fractional currency redeemed and de-
Dyed during the week $623,245.
he Third National Bank ct Nashville, Tennessee
wing deposited the necessary securities with the
asursr Of the United States, II has been designated
: depository OF public money and financial agent Of
Unitsa ststea
Abstract o the quarterly reports Of the national bank.
associations Of the United states showing the cond
on the nrgs Monday in January, 1865, before the
nmencsmsnt Of business.
anoURcu.
ans and discoun.a .....:........... SOLO. Iss o72
uis,ion -. sss. 1871, 200
tied States bonds and securities depo-
.sd TO secu-s dopositions ............ s72e5, $50
tied States bonds and securities on hand. ~ 1856 $50
ber stocks, bonds and mortgages. 19,356.l III
from national banks ............... 90, CSC, 4pl
from other banks and bankers ......... SASS, ga
estate, furniture sna fixtures. 21.067.b6l
rent expenses 2,eoa, 1856
bmtums ACKNOWLEDGEMENTS. 24Se,626
bcks and ether cash teme ............ 10e $50 1886
= OF national banks 1ssls,6bk
IL OF Other hanks 26l, 2oe
Icis ACKNOWLEDGEMENTS. 1s034.s1s
lcsionai currency OBSERVATION-DISCLOSURES. 1877 052
Is tender notes. a.. .................. I4,216,o43
npcund inssrsM notes. ............... 2ee7o,le
lee psr cent certificates. s326,000