The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-01-16

TIE New YORK TIMES is giving General
Grant deal of advice concerning appoint
ments to Office. It expects the President elect
to consult his Cabinet in that matter, and to
be governed by their advice. s'No man must
| ''be selected who is not honest, competent, and
''falthtul to the constitution" &c. The editor
also demurs to the claim set up by members
OF Congress to control the Federal patronage in
their respective districts, as in violation of the
spirit and latent, as well as the language and
letter of tho constitution, which gives to the
President the selection Of officers OF the gov
ernment. subject only to the 'advico and con-
sent" OF tho Senate, and also as making mem-
bers of the House the real and actual appoint
ing power, when in no sense have they right
fully anything whatever to do with it. The
Times reasons that the whole system is false in
theory, vicious and demoralizing in practice,
fatal to the independence and integrity Of tho
government and hence ought to be broken up.
THE TREAsUREB of North Carolina has SUBJ
mittcd to the State Legislature q report in
which he makes the following exhibit OF the
condition of the public treasury of the State.
He says: 81 AM compelled to report that it
twas found utterly impossible to raise money to
;'pay the interest on the public debt due Janua
s'ry 1, 1869. Every effort was made to borrow
s'the money needed, about s5O5 900, both in
'sthis State and in New York, but without
'atfect. Owing to causes which all understand,
1--WE cannot borrow money at the commercial
''centres without pledge of collaterals. In
'my opinion, it will be necessary to autho-
''rize me to pledge as collaterals part of the
Interests owned by the State in railroad cor
operations. II is necessary not only to pro-
"vide The sum sufficient to pay the January in
"terest, but also that to become due on the
''frst of April. Money is likewise needed to
.'carry On the Slate government. It becomes
'my duty to inform the General Assembly that
'the treasury is now nearly ompty-in fact,
with the exception Of the sums deposited by
delinquent sheriffs to their credit, the treasu-
sry is exhausted"
The FINANCIAL BILL introduced by General
Butler, already noticed in our Geographic col,
umns, is attracting serious OF ntion. It is
rather difficult, on first realing, to got at the
full meaning Of the bill, but close inspection
shows that its main features are these:
First-It is is designed to substitute for the
legal-tender notes now in use new fol il Of
currency, on which no promise to pay anything
shall be expressed. ''The certificates of value"
for which it provides are to shear only, on their
'tacs, the denomination or value for which they
''are money, together with appropriate Wig
''nettes to prevent counterfeiting, and such
''signatures. checks and numbers or other re-
s'Ferences, as may beibest to prevent over is-
''suos or sorgeries; and on The back N,ereof
''shall be printed the provisions of the law un-
''der which they ore issued"
Secopd-It makes war upon the present ma
tional bank currency, both by forbidaing its
issue after June 80 next, end by imposing on
it tax of 365 100 per cent. per annum in coin.
Third-1s embodics tho familiar scheme of
making United Statos bonds convertible iuto
circulation aad back agaiu nj the pleasure of
the holder.