The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1869-01-21

oSNsa0AncAltVk HI TDutStHuuIisS Sioihno, III:
cluding the so-salled Alabama elaims, sincs
the 10th day Of, July, 1868. The commits
sioners-two appointed by England and two
by the United States-meet Immediately
after they shall be appointed and sworn:
Before proceeding to any other business the
commissioners must name person to act
ss an umpire or arbitrator, who shall take
q similar oath to commissioners, and to
whom shall be referred for final deci-
sion a claim or claims upon which
commissioners cannot agree. One counsel,
or attorney, to be heard on each side Of g
claim. The decision Of the commissioners
to be final; but if either Of the commission
srs suggest it, q sovereign or head Of 9
friendly State may be selected in any case
as arbitrator. This arbitrator to be select
ed by the two Governments. If this spe-
cial arbitrator shall decide question in
volving an amount to be paid it shall be
referred back to the commissioners for ad-
judication. -,
The sole object of this special umpire is
that sovereign of a friendly Power may
be called in to decide questions involving
international and other matters Of magni-
tude. Claims are to be presented to the
commissioners within six months from the
day of the first meeting Of the commission
ers, and all to be decided within two years
from the date Of the meeting of the COM
missioners. The rest of the commissioners
deliberations and findings to be a final set
Element. Sums awarded are to be paid in
coin. Record to be kept, and clerks to
employed, the expenses to be equally d.
Yided between the two Governments. Rsti-
fcation to be exchanged within one year.
The foregoing embraces the entire pro-
visions of the convention.
The House Committee on Claims have
under consideration 600 cases, fifty Of
which they are prepared to report to the
House when the committee shall be called
regularly upon the list. But there is no
probability that the case will be called
again this season.
Proceedings of the House Committee on Elec.
re tons.
The House Committee on Elections to-day
concluded the hearing Of testimony as to
the contested election Of delegate from the
Territory Of New Mexico, and will to-mor-
row take up the case of Menard, the color
ed member from Louisiana. The committee
expect to report on these cases early next
week.
The Proposed Postal Telegraph Project.
Mr.. Orion, president Of the Western
Union Telegraph Company, was to-day be-
fore the House Committee on Postofices and
Postroads, and made lengthy argument
against the proposed postal telegraph pro-
ject. The argument to be resumed to-
morrow. 1t seems to be settled that the
committee will report in favor of contract
ing for On experimental line to test the
plan.
Why Mr.. Stanton Retired from Public Life.
A correspondence published in the New
York Times of to-day relates the circum-
stances connected with the issuing of the
order to General Banks to supersede Gene
raj Grant, shortly before the fall of Vicks-
burg; that General Banks refused to obey,
SC. 1t does not state who issued the order.
but mentions that it was not long after
General Grant became aware for the first
time (about five weeks ago) Of the exist
ence of the order that Mr.. Stanton an
nounced his intention to retire from public
life. In connection with this, by way Of
throwing light upon the case, it may be
stated the papers show that the order to
supersede General Grant was issued by di.
rection of Mr.. Stanton. WALLACE.
Reports of the Virginia National Banks.
Special telegram to the Dispatch
WASHINGTON, January 20, 1869.
The following is an abstract of the quar-
terly report of the seventeen national banks
in the State of Virginia, showing their con-
dition on the morning of the first Monday
in January, 1869, before the commencement
Of business:
RESOURCES. .... -.
Loans and discounts. s., 669, S6S 81
Overdrafts. ACKNOWLEDGEMENTS. 1924 q
United States bonds to secure cir
calation. Observation-Disclosures. 2,o73, 500 OC
United States bonds to secure de-
posts. ACKNOWLEDGEMENTS. $50, 900 OF
United States bonds and securities
on hand. Observation-Disclosures. 400 OC
Other stocks, bonds, and mort
cages s9,1SS s:
4ol 746 %
Due from ma tional banks. .......... 347,4S7 9;
Due from other banks and bankers 73,30i II
Real estate, furniture, and FIX
tnres 25l,45S A.
Current expenses SO ,22l g.
Premiums ... 81 40 *
Checks and other cash items. ...... $50, 909 7:
Bills of national banks............ lol ,957 "
Bills of other banks............... o,SO6 O(
Fractional currency. 1870 s.
Snecie ...... SO 1857 Al
Legal tender notes. o1l,Iof "
Compound int erest notes .. $50 OF
Three per cent. certificates. 10000 OF
$780, 54 Il
LIABILITIES.
CAPITAL stock ...................s2 g., 150, 900 OF
Surplus fund l0s,591 Q.
Undivided profits. lo3,0Js u