Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-11-07
ESTABLISHED MARCH 80, 1886

Atlantic and Pacific railroad Congress grant
ed lands upon the line of the charteredrOute,
and the company fled with the Secretary
of the Interior map of an entirely differ
ent route, whose nearest point to San Diego
was $50 miles Upon this route the lands
were withdrawn. The withdrawal was re-
voked, and the revocation suspended until
now, when Secretary Cox has ordered the
revocation to be carried into effect and the
lands to be restored to the status they held
previous to the withdrawal in 1867. 1t is
well to state that this company has no con-
nection whatever with the Southern Pacific
Company, known as the Memphis and FL
Paso railroad.
American Securities Abroad.
A New York banker of some eminence
in financial circles at home, writes to
Treasury official here from Frankfort,
under date of October 10Th, that he does
not believe that four or four and a half
per cent. loan will be opposed by any of
the European holders of American securi-
ties. He says that if the law be made as
clear in favor of the payment of interest
and principal in coin as it is expressed in
that authorizing the ten-forties, holders
will make the exchange quite readily. This
course viii remove, it is claimed, all doubt
about reputation and will appreciate the
value of the bonds, especially if the coin
interest is paid wherever the bonds are
held.
Increased Banking Facilities.
On the subject of supplying increased
banking facilities for the West and South,
the Comptroller of the Currency in his an
nual report will probably recommend the
removal of all restrictions in the ma
tional banking system on these two condi-
tons: First-Authorizing the unlimited
establishment of new banks on a gold
basis. Second-Authorizing new banks
with circulation in greenbacks, to be is
sued in the same proportion that the new
national hank notes are issued
Cuban Matters.
Adyices received here from Havana state
that matters are exceedingly quiet in Cuba.
At no time within the last II months have
the Spaniards felt so confident of suppress
ing the revolution The feeling is based
a good deal on the course of this admins
tration so fully enforcing the neutrality
laws as evinced in the detention of the
Hornet and the arrest of parties in New
York who were engaged in getting mp ex-
DSNllllOuS lOI luO ~ 10
stated that if Congress acts in equal sympa-
thy with the government, that the latter
viii be entirely put down by the first Of
February.
solicitor Banfield's Report
OF his investigation into the allegations
against Assistant Treasurer Butterield Is
still in the hands of Secretary Boutwell,, and
will not be made public. Thoughts known
of its contents, however, to warrant the
statement that it is not at all favorable to
General Butterield. 1t is not believed
that he was directly implicated in the Fisk
Gould conspiracy, but it is limited that be
or some of his friends were interested In
outside speculations.
COunterfeiting.
The important seizures OF internal reye-
nue. stamp and government note counter
feiters, made recently at New York and
other places north of here, are to be imme-
diately followed up. The operations of the
detectives will extend over wide range OF
States. The authorities are disposed to
believe that they have at last got hold of
a clue which will successfully end the ope-
rations of counterfeiters of government
notes and stamps in this count ry.