The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-12-25
WASHINGTON.
WAsnINoroN, pecember

WASHISGToS, December 81.
u. s. Treasurer Spinner in letter to
the Hon. David Wilder, OF Massachu-
sets, condemns the Iatter's plan for the
resumption OF specie payment by
striking down Instantly, at one blow,
the nominal value of the u. S. legal
tender note to an arbitrary value, and
only threerfourths of its face, AZ forced
and violent, and argues that 1t would
cause jar and confusion and mischief,
not only in the monetary, but In all
business affairs.
He eulogizes Governor Morton'S bill
as proposing to build up and foster the
appropriation of the greenback to tho
par value OF gold by process so grad
ual, gentle, Steady ard smooth that the
change would scarcely be percePtible by
the debtor or creditor, and both alike
would be able TO meet their business
calculations and business arrange
ments from time o IimP during the
process by appreciation, with such
accuracy That no serious harm could
come 10 either class. He, however,
prefers to see the bill amended In vRri.
Gus particulars. The two leading ones
are first, that banks should not be per-
mitted to remain in state of supension
for day, much less for six months af-
ter resumption by the Treasury of the
United States; and second, the divi-
dends on the Government stocks be-
longing TO the banks, but held in trust
by the Treasurer as security for the
redemption of these circulating notes
should be retained by the Treasurer,
and not be paid over TO the bank to be
held by them until the day of resump-
tion, and the selection of these divi-
dendS by the treasurer should COM
mence year earlier than proposed by
the bill.
A letter to the Secretary OF the Navy,
from Admiral Dayis, dated on board the
flag ship Gaerriere, Monteviedo, Nov.
18Th, says this ship anchored in this
roadstead on the ith inst, having in
company the Kansas. The Quinnebang
and Pawnee arrived subsequently,.
Gen. Mcmahon is instructed by the Sec
retary OF State to stop at Rio long
enough to communicatewith Mr.. Webb,
and also mt MOnteviedo and Buenos
Aryes to communicate with the consul
late and legation there, and ascertain
whether the military obstacles to his
passage up the river heretofore appre-
hended have been removed. COmmu-
nications on this subject have been ad-
dressed to the government of Uruguay
and the Argentine Republic by the
Minister Mr.. Worthlngton. Replies to
which will probably be received.
the Wasp, taking General Mcmahon.
The Pawnee, Quinnebaug and Kansas
will go up the Panama and rendezvous
at Diantic, one of the passes, which will
give me command OF the river, and
there await further orders. have COM
municated freely and fully with Messrs.
worthingtOn and Washburne, and my
intercourse with both gentlemen has
been satisfactory. Mr.. Bliss, accord
ing to latest accounts from Paraguay,
continues in the services of President
Lopez, and is engaged in preparing a
work on Paraguay. The rise of the
river has, fortunately, been nearly a
month earlier than usual. But for this,
Il would have been impossible to take
the Pawnee, Quinnebaug and Kansas
up the river, and even now the task is
an arduous one, it being difficult 10
carry twelve feet through some of the
passes. The health OF the squadron
continues good.
The Supreme Court adjourned tc-lay
until January 4Ih.
All the public departments were
closed to-day at one o'clock. No busi-
ness will be transacted Tomorrow. The
purchase of presents and other ar
rangements for Christmas has been
more extensive than on any previous
occasion.