The New York herald., 1870-04-30
WASHING
Another Currency Imitation
Scheme.
General Garfeld'S Bill fer RediStribut-
ing Bank Issues.
THE TARIFF WAR IN THE HOUSE.
"A Huge Land Grab Com
sum mated.

WASHINGTON, April 20, 1870.
General Gnrncld's Bill for Initiating the Cur
rency and Redstributing Bank Issues.
General Garfield, chairman OF the Comm ee on
Banking and Currency, reported 10 he House to-day
sbll to increase banking facilities. 1t contains
twelve sections and provides for the issue OF
$685. 100000 OF nat,n currency TO the States having
less than their proportion and for the redemption and
circulation o. s45oo0ooo the three per cent certih-
Gates and for the cancella ion of or legal
tenders; also that the additional currency shall be
secured by the deposit OF four and onehalt pr cent
bondss, exempt from taxation, and that when
$50 100000 Of the issue have been taken up all
the banks shall receive the same four ana onchalf
per cent bond as security for their circulation. II
provides for free banking on The gold basis and TOR the
re distribution of s25,00o00o Of national bank notes,
taking that amount from the States having an ex-
cess and distributing 1t to Staes being deficient.
But this red st Hutton shall not take place until the
$685. 600 900 provided for shall la C been issued 1t
reduces the taxes circulation one half on all the
banks that secure all their circulation by the new
bonds. the bin was ordered 70 be printed and re-
committed.
The Tariff Bill i'm Danger.
The Ways and Means Committee held another
session to-day with view to making some further
amendments to tie TAIN bill. The Funding bill
was us ed. lut no action taken. 1t is understood
that the commit ee will submit number OF further
amendments 20 tie Ia T bill, in the shape OF strik
ing out several para rdphs that do not stand much
Glance OF success. The proprety OF making mo-
ton TO lay the bill on the table was discussed by the
ttee, but no action was taken looking to
that end.
Expcditing Business in the Senate.
The Senate has been at work, this week on the
bills on its calendar under the rule adopted last
week on motion OF Senator Anthony, of Rhode
Island, py which each bill on the caendar is taken
up and considered unless objection is made by
Senator, in which case it Is passed over This not
only gives each bill on the calendar chance to
come before the Senate. but it has done away With
great waste OF time previously consumed every
morning in discussing what bills should be taken up.
The practical results OF the working OF this Anthony
rule" as It. Is called Tor the past five da OF this
week. are the passage OF ninety three OF the 2o3 bills
and joint resolutions on the calendar, while about
half as many have been indela tely postponed.
Nominations Confirmed.
The Senate this afternoon confirmed the following
nominations -
Mrs. A. NJ Brigham, to be Postmisress at Nack, Mass.
BENJAMIN waers to be Associate Justice Of the supreme
United States District Court for New Jersey.
Interesting Developments Of the Howard In
vestigation.
J. M. Brown, the witness who was on the stand in
the Howard investigation yesterday when the com
mittee adjourned was examined again today. He
testified tnat the Building Block Company, OF which
General Howard was president, was u ing the lum-
Der contracted lor by General Howard's brother tor
the erection Of tenemenis on the Barry Farm. The
fact was reported to Howard who ordered that the
lumber taken be paid for cut OF the Bureau funds.
1t came out in evld nee that both the Hospital and
University here built out Of The Bureau funds
and that the Bureau now pays the trustees
of the University $4,000 per annum rent for
the use OF part OF the building as a
headquarters. The examination Of J. w. vanden-
berg of New York, was commenced, but not con-
cuded He testified TO having sold the patent for
making the building block 10 General Howard and
his associates Of the Frecdmens Bureau for $4,000
The southern Trnnsc0ntincntal Railroad.
The Senate Committee on Pacific Railroads held a
meeting this morning. The report and accompany
ing documents in r. gard TO the Southern Transcon-
tinental Railroad Company were presented to the
committee, and 1t was determined next Friday to
take some action in the case. This win SETTLE one
way or the other, the question OF Southern Pacific
Railroad.
The Decimal System of Weights and Men-
The sixth decennia convention to revise the phar-
macGpea, to meet here on May 3, VIII take up,
among other questions entering into its deliberations,
the di crsson OF the decimal system OF weights and
measures with view to its adoption in medical sci
ence and practice.
Medical Tcachers' Convention.
The Medical Teachers Convention met here to-
day and organized itself into Teachers Association
Fifteen medical schools are represented. The asso-
cation elected tie following permanent officers
ras,.
Professor d. W. Zandell, Of Louisville Vice Presl-
dent; DR.. N. s. Davis, OF Chicago, Secretary. This
is regarded the most important meeting Of medi-
cal teachers which mas yet occurred in this country.
Personal.
Senator Abbott and Representative Dockery left
here this evening to attend great fifteenth amend
ment meeting at Wilmington, N. c. Senator Abbott
will preside. The Senator Will also speak at the
State Mass Cony entlon at Raleigh the 18th inst.
Mr.. J. II. Savine, Chief OF the Warrant Division,
has been appointed Chief Clerk of the Treasury De-
partnent.
Coin and Currency Balances in the Treasury.
At the close Of bus ness in the Treasury to-day the
coin baancc hand was s115 1868, 652 so, of which
S34 600 represents gold certificates outstanding
The currency balance was ss.627, ,s97 AZ.
Condition Of National Banks.
The abstract of the reports showing the circulation
close OF business the oath OF March has just been
completed at the ONCE Of the Comptroller Of the
rency and makes the following showing Of the prin-
cipa items:-
RESOURCES
Loans end discounts s710 3os 465
United states bonds. ds.................3 1872 O29 $50
Other bOnds 20,416,356
Due from redeemIng agents ts............ 73, Oj5
ID. ON banks. s........................ 39,5 800
Checks and other iems 11,124 467
Exchange for clearing house. ........... 1917 992
Cash.. 65.647275
Specie, included in casn. 37,058 300
Lega tender notes. so 260, 1872
Clearing house certificates 1921 900
Three per cent certificates 25, ,765 900
LIABILITIES.
Capital. $427, ,0o4 247
PrOfts 1873 $50 O1S
Outstanding notes. s.................. 294, ,424 299
Div dends unpaid. id....................... 1,4S34l6
Deposits. 526, ,422 076
Due 10 banks. 129, 1893 6S7
Noes and bills redlscuunted ............ 2,462 647
Bills Iayable .............-... 2srO GOT