Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-01-26
FIRST BOARD.
SECOND BOARD
4. 900 tennessee 6's new.


Al, 900 Tennessee 6s, new ...'.. .............
ll.O0O Missouri
Considerable excitement is said TO pre-
vail in Washington caused by the resolu+
ton adopted by the House Of Representa-
tives on the 21st inst. inquiring into the
private sales of bonds by the Secretary of
the Treasury. The resolution calls for in
formation as to the amount of forty
bonds issued through the Treasury Depart
ment since the 1st of October, 1866, the
persons to whom sold, the amount of COM
mission paid, etc; also, the reason which,
in the opinion of the Secretary, rendered
it expedient to withdraw so large an
amount of currency from the business Of
the country. Also, what action has been
taken concerning the withdrawal of five
twenty bonds held by the United States
Treasurer to secure the circulation of ma
tional banks, and the substitution therefor
of ten>forty bonds.
The report just given to Congress of the
sales of bonds by Mr.. McCulloeh stops
short at the lst of November, and it does
not contain the date of the various sales Of
bonds. To make the list answer the pur-
pose contemplated in the law, the dates
should be given, which might easily be
done. There is another point which is the
subject of comment in Wall street During
the ten months comprised in the report the
seyen-thirties we're funded to the amount
of $1SS, 699, $780, and ive-twenties were is
sued to the amount of $208,779,800. The
| total operations were thus $780,, 900, 600
of which 1922, 100000 were done, without
extra expense, through the proper officers
of the treasury, and SIS, 900 900 through 4
broker, at a charge of $4,000. The ques
ton on which information is sought is, a
what dates the various lots of bonds wer'
sold which make up the aggregate Of $751;
100000. The question is an importan
one. An answer is obviously due TO th'
public.
L Inc w uSilHElDl VI htl'
| Cincinnati Gazette says under date Of the
Odd instant:
The Senate Finance Committee hay'
had Mr.. Sherman's financial bill under
/ consideration for several days. There has
been a great deal Of discussion over it
which finally led to the reading of Mr.
Henderson's bill also, and to IN expression
Of views concerning the two plans. Mr.
Sherman has himself proposed severa
amendments to the bill rs read in tn
Senate, and the committee have also AL
ded some with the consent of Senator Sher
man. The provision for giving one pc
cent. to the State has been stricken ont, a.
has also the section authorizing a foreigi
loan. 1t has also been so amended IA 4
make il the duty of the Secretary of tn
Treasury to accomplish the funding with
out employing any agents not already II
the service of his department. As Senate
Sherman will start for home tomorrow.
was agreed in the committee to postpon
action for few days. The members II
the meantime, are to prepare themselVe
to express their views fully upon the tw
plans at the next meeting.
Senator Henderson il cOntending carr
estly for his propositiOn-S4 per cen
bonds but expresses his willingness !
compromise on 4per cent. bond, prime
pal and interest payable in coin, bat prot
ably reducing the time they have to ru
to fifteen years. Mr.. Henderson argue
that the nation cannot afford 10 pay oT'
four per cent. al the outside on funde
. debt, as the annual rate in the increase
the wealth of the country, which exeee'
this only by small amount, will n
Justify it. He also claims that the hold'
Of bonds would be better of to take
: long bond at low interest, principal al
t interest both assured in gold, than to
: on with the possibility that the payment
S the principal of the present bonds m'
: finally be made in currency. The te
o dency in the committee is believed to
i toward four per cent. bonds
The New York Herald Of the .23d IN
f says;
l. We are threatened with glut OF mon
owing TO the very limited demand for M