The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1868-03-20
WASHINGTON.
MILITARY PRECAUTIONS.


NEW YORK, March 19-Washington specials
say prominent military officials say that the
late strengthening of the military lines around
Washington are nothing more than such pre-
caudonary measures as should be taken on the
eve of great polite ii ch sei, AMI tn e
head OF the War Department is now proviJ-
ing against any possible .juncture of affairs,
such as that which overlook the Government
In 1860 and found it sadly unpreparei.
FINANCIAL.
The secret pressure against the Treasury
Department is said to be resulting in the de-
preston of Government securities, and bonds
are already beginning to be returned from
abroad.
Secretary McCuoch's letter to Senator
Sherman, chairman of the Finance Committee
says the e. abolition Of the duty on cotton will
reduce the revenue $30,00000. The bill which
passed the House recently abo shi0g taxes on
manufactures, will reduce The revenue S6OOOO
600, should it become law. Mr.. McCuloch
estimates that the revenue for The next fiscal
year viii fall off from one hundred to one
hundred and thirty millions. He says, earn
estly ask that the Finance Committee will give
this subject careful consideration in all its
bearings, before repor' ing formally upon the
bill referred to- Nothing could BE- more dis
astrous to the credit OF the Government at the
present time than such a reduction of taxes as
would create necessity for an increase OF the
public debt.
APPLICATIONS FOR OFFICE.
There is lively competition between John
Langston, cOored, of Ohio, and Forney, for the
Postmastership under Mr.. Wade
THE SUPREME COURT.
The Supreme Court win adjourn April 4. and
the Georgia Reconstruction case will not be
decided this term.
The Reconstruction Committee have report
ed blll providing that the Senior As
sociate Justice shall succeed the Chief Justice
in case OF death or disability. The bill passed
at once.
THE TENNESSEE TROUBLES EXAGGERATED.
Private advices from Democratic sources in
Tennessee say that the alleged troubles have
been greatly exaggerated and the operations
of the Klux Khan merely excite merriment
and laughter No outrages has been commit
ted by any of the "Klan."
CHASE FOR PRESIDENT.
1t is probable Peoples Convention will be
called TO nominate Judge Chase for President
without any platform, ii he acts in an accepta-
Die manner in the trial Of Andrew johnson.
THE IMPEACHMENT TRIAL.
Mr. johnson has had a consultation with his
counsel and they intend to make the fight as
long and as desperate as possible, and will re-
sort to every legal quiboie in the practice to
protract the proceedings.
The impression gains ground that the i'm
parchment will not last over two or three
weeks.
FINANCIAL.
There is authority for stating that tie
amount OF greenback currency now in the
treasury is less than at any time since the
close Of the war, the bulk OF the treasure bal
anees being in gold. The amount of gold now
in the Treasury exceeds $4,000 600. There is
now IN circulation greenback currency an CUNT
ing to $356,00OO00 according to law, and near
ly $4,000 900 OF fractional currency add ne to
this amount the National bank cur, ncy in
CT culatiOn, which nearly reaches the amount
of $780, 100000, and there is paper circulation
of S700,O0OO0O