The Portland daily press., 1868-02-11
WASHINGTON.
poLAND's FINANCE BILL.

WASHINGTON, Feb. 10.-Judge Poland. of
Vermont, has introduced finance bill which
meets with much approval The following are
its principal features. The first section makes
it the duty Of the Secretary of the Treasury to
retire as soon as practicable all the United
States notes from circulation, and authorizes
him TO fund the same in five per cent Ten-forty
bonds.
The second section authorizes the issue of
circulating notes to National Banks to the
same extent that the United States notes are
retired until the United States notes are re-
duced to one hundred millions, and requires
preference to be given to States and localities
not already supplied with bank facilities.
The third section provides that after the
United States notes are reduced to one hum
dred millions, circulating notes shall be issued
to all National banking associations which
comply with the existing laws and furnish re-
quired securities.
COLORADO TO BE ADMITTED
The Senate Committee on Territories have
agreed to iavorably report the bill for the adj
mission OF Colorado into the Union, which it
will be remembered was passed, and vetoed by
the President last winter. The Senators elect
from the Territory have been here for some
time.
RAILROAD LAND GRANTS.
The House Committee on Public Lands have
under consideration, and will probably report
favorably upon an important bill, providing in
all future grants OF land to aid in building rail-
roads, the even numbered sections shall be
subject at once to pre-emDtion and homestead
settlement, and that the odd sections shall be
sold only TO actual settlers, in limited quanti-
ties, and not to exceed q fixed minimum price.
THE GEORGIA AND MISSISSIPPI INJUNCTION
CASES DISMISSED.
Justice Nelson has delivered an opinion in
the Supreme Court declaring that the Court
has no jurisdiction on the political relations
between the general Government and the
Sta%pa mud digmic 1bn IF f-aorcia
AID Mississippi against Stanton and General
Grant, which were argued at the last term.
MR.. SEWARD SIDES WITH GRANT ON THE CUES
ZION OF vERAcITY.
New YORK, Feb. 10.-Mr. Seward will not
Join in the reiutation OF Gen. Grants state
ments, and has advised the President that some
OF ms charges against Gen. Grant were too
broad and too confidently assumed to be sue
cessluily maintained.
THE ALABAMA ELEcrf8,5
Returns from Alabama received Sunday
leave the result OF the election so close thai
several days VIII be required TO deterlnine it,
Several members of the House favor the adj
mission Of Alabama by special enactment.
ANOTHER VETO.
Tho President viii probably veto the def
cheney bill.
IMPEACHMENT.
Some members of the House give it as their
opinion that articles of impeachment viii pass
The House ia less than ten days.
TESTIMONY BEFORE THE REcoNsrRUcIIoNC COM
eEITTEE.
Stiilson, of tho World, testified before the
Reconstruction Committee that the statements
ne published were obtained from the President
direct, Members Of the Cabinet will be ex-
ahmed by the Committee after Gen. Grant
GOVERNMENT DEPOSITS.
The bill which will soon be reported nv the
Senate FINANCE Committee, compellinS all
government money to be deposited in snb-
treasures, IS bitterly opposed by National
Banks, as il will take several millions from
their deposits.
RIGHTS OF NATURALIzED CTIIzRNs.
Gen. Banks, who has been confined IN his
room for several days past, expects to be in
his seat in time 10 close the debate on his bill
protecting naturalized citizens in foreign couu-
tries 10 will oppose all amendments, and
says the bill as it now stands viii bring the
United States and England into direct issue
at once.