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

rals character was not OF the best whom in tho
English navy. The name by which he was
usually known was Dog Hobart" and it is
said the appellation sticks to him still
HE 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
faithful to the constitution" &c. The editor
also demurs to the claim set up by members
or Congress to control the Federal patronage in
tnelr respective districts, in violation of the
spirit and lotent, as well as the language and
letter OF the constitution, which gives to the
resident the selection of officers OF the gov
ernment, subject only to the 'sadvice and con-
sent of the 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 ia false in
theory, vicious and demoralizing in practice,
1atal to the independence and integrity Of the
government and hence ought to be broken up.
IHE TREASURER Of North Carolina has sub
mitted to the State Legislature a report in
which he makes the following exhibit Of the
condition OF the public treasury of the State.
tie says: F." am compelled to report that it
was found utterly impossible to raise money TO
pay the interest on the public debt due Janua-
Try 1, 1869. Every effort was made to borrow
the money needed, about $505 600, both in
''this State and in New York, but without
EFFECT Owing to causes which all understand.
we cannot borrow money at the commercial
centres without pledge of collaterals. In
my opinion, it will be necessary to autho-
'rlze me to pledge as collaterals part of the
interests owned by the State in railroad cor
''poratlons. IL is necessary not only to pro-
vide the sum sufficient to pay the January in
'terest, but also that to become due on the
''hrst OF April. Money is likewise needed to
''carry ON the State government It becomes
my duty to inform the General Assembly that
'the treasury is now nearly empty-in fact,
with the exception of the sums deposited by
delinquent sheIiffb to their credit, the treasu-
''ry is exhausted"
THE FINANCIAL BILL introduced by General
Butler, already noticed in our telegraphic col
umns, is attracting serious attention. It is
rather difficult, on first ding, to get at the
full meaning OF the bill, but close inspection
shows that it's main features are these:
First-It is is designed to substitute for the
legal-tender notes now in use new form 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
'J0ce, the denomination or value for which thew
'sare money, together with appropriate vip
''nettes to prevent counterfeiting, and such
signatures. checks and numbers, OF other re-
"ferences, as may belbest to prevent over is
''sues or forgeries; and on Me back Hereof,
''shall be printed the provisions of the law un-
''der which they are issued"
Second-It makes war upon the present ma
tioeal bank currency, both by forbidding it's
issue after Juno 80 next, and by imposing on
it tax of 965 100 per cent. per annum in coin.
Third-lt embodIes the familiar scheme Of
making United States bonds convertible Into
circulation and back again at the pleasure of
the holder.