The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-01-31

started for New York to get an explanation,
and soon discovered that Governor Bullock
had drawn drafts to the amount of $35, 900,
which amount was never paid in nor re-
ported to the Treasury by Governor Bull
lock. The drafts are then enumerated-for
SS, 900, $40, 900 and SIT, ,00O Angler further
states that he found the amount of money
realized by the bank on the sale of the
bonds was $2l6, $50, out of which the bank
paid coupons to the amount of only $780,
600. The letter accompanying the account
current furnished to the Treasurer by the
bank reports two notes, in addition to the
contracts mentioned, given by Governor
Bullock, both amounting to S57O,O0O, sup.
posed to be given as security for money nd
yanced and to be advanced to meet the
interest on the public debt.
The President sent to Congress to-day q
correspondence between Secretary Seward
and George Peabody, relative to gold
medal presented to him by order OF Con
eress. in consideration o: his muniticen,
donation for the promotion OF education in
the Southern Suites. Mr. Peabody says:
Chershing, as do, the sincerest affection
tor my country, ii IS not possible for me tc
feel moro grateful than do for this pre-
clous memorial OF its regard, coming, as il
does, from 30,000.O00 of American citi
zens, through their representatives in Con.
gress, with the full accord and co cooperation
of the President. This medal, toecthe,
with the rich, illuminative transcript of the
congressional resolutions, l shall shortly
deposit in the Peabody Institute, mt the
place of my birth, in apartments specially
constructed Tor their safe keeping, along
with public testimonials with which I have
been honored there trust it will renal,
for generations to attest the generous muni
ticencc of the Americ...l people in recogniz
ing the efforts, however Inadequate, of one
of the humblest of their llow-countrymer
to promote the enlightenment and pros
perity of his native land.
Judging from the present Indications, the
statement Of the public debt for this montl
| will disclose considerable increase of the
| debt. The receipts from customs and in
ternal revenue thus far amount to about
Sl7 7,OOO, 900; the receipts expected from
the same and from miscellaneous sources
for the remainder of the month are estimat
ed at nearly $12, 600. 900, making the tota
receipts amount to about 500, ,OOO, 600. II
the beginning of the month, very nearl,
SZ9, ,OOO, OOO IN coin Vas expended in pay
Ing the interest on the five-twenty bond.
and bonds of 1881, and nearly ST 500, OO(
has been paid out since in interest on the
Pacific Rallroad bonds. The expenses O
the Government, it is thought, will foot III,
to about S13,000,000. making total O
about S43, ,500,O 900. The increase of tn,
national debt, therefore, will be in til,
nelghborhood Of $14, 500. 900. It is believed
that the statement for the month of Febrn
ary will show material reduction, as it il
estimated that the expenditures will b.
much smaller than they have been thi
month, and the interest to be paid will b,
only about $4,000, 600, while increased re
| celpts are expected from the internal reye
nue..
The Senate Committee on Finance held
meeting this morning and discussed the bill
to prohibit secret sales or purchases of colt
or bonds on account of the United States
This bill has the almost unanimous approya
OF the committee, but in the discussion owe
1t to-day it was thought its provisions wer,
hardly ample enough to cover the perniciou
practlces that have grown up and ramfiet
the entire monetary market since gold ant
government bonds became gambling stool
Mt the money centres of the country i
was fully agreed, though no action was i'm
mediately taken on the subject that @ strone
necessity has existed and does still exist fo
the passage of an Act declaring that all ex
change, purchases or sales of the bonds O.
the United States shall be made by inviting
the competition of the public by advertisinf
for proposals for any such exchange, pur
chases or sales, which shall be awarded pub
licly to the best bidder, the Secretary OF th.
Treasury reserviug the right to reject any
such bids, and that all sales of gold on &C
count of the United States shall be made a
public auction. Senator Sherman it is un
derstoood, vii! report bill fully adequat,
to the necessities of the case.
Senator McCreery, of Kentucky. made
grand, old time speech to-day, in the Sc
nate, on the finances and notio,oJ ,,otto,,
generally. He had Harry Clay in his mint
when he struck his eloquent harp on th,
glorious past of old Virginia, and then
contrasting her present downcast condition
her awful travail and penitential suffering
he rose to the highest level of oratory ane
commanded the closest attention of the Sc
nate and galleries. On finance, he was gro