The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1870-04-30

marke. continues 4Gs per cent, with exceptions
ate. Gold opened at 1lsi, but declined 20 I14 bnt
recovered and closed steady. virginias, 90. North
Carolinas, n.
LATEST FROM WASHINGTON.
Special kilograms to the Dispatch.
WAsH1NaT ON, April %, 1870.
Bailey the DefauIter.
1t being rumored that Bailey, the de-
faulter, was rusticattng on the farm Of Ex-
Solicitor Jordan, in Ohio, Commissioner
Delano has issued orders for his arrest, II he
can be fonnd.
1t is understood that the sureties of Bal
ley have signifed their willingness to settle
up without suit when the amount Of the
damages can be ascertained.
The Funding Bill.
Treasurer Spinner continues to receive
letters from bankers and others discussing
his position on the funding bill and national
banks. He is engaged in answering them.
Among those answered to-day is one to
David Welder, Esq, of Boston, similar In
feature to those already published, and
another to j. L. Worth, cashier of the Ma
tional Park Bank of New York. In this
letter he advocates the passage Of q law to
prevent banks paying interest to each other
on deposits. BE says banks were created
to lend not to borrow money, and
that violation Of this rule drew
large amounts Of money from the legiti-
mate channels of business to the great cities,
as did also the fact that the country banks
had not been compelled to redeem their
circulating notes; and in this connection
he makes the important statement that the
national bank notes were accommodating In
the vaults of the Treasury to IN aggregate
extent in proportion to legaltenders or
geenbacks, and that the Secretary Of the
Treasury would doubtless soon be COM
PEELED to have these bank notes assorted
and redeemed by the respective banks with
! legal-tenders. He also says that when the
time comes when banks shall be prohibited
from paying interest on loans made to each
other, and when there shall be an actual
redemption of the circulating notes of all
the banks, then money will at all times be
where it legitimately belongs, and where 1t
will perform its proper functions in aid Of
the business Of the country, and will not,
as now, be used to stimulate wild specula.
tions and reckless gambling in stocks.
There seems to be great diversity Of
opinion'in the Ways and Means Committee
in regard to the provisions of the funding
bill as to the rate of interest the bonds shall
bear and the compulsory clause relating to
the national banks. 1t is the general belief
Of members of the committee and of the
House that there ought to be uniform
bond for banking purposes, and that new
banks ought to have the same principal as
are allowed banks now in existence. 80
The Banking and Currency Committee
to-day reported q bill which provides that
banks established under it shall bank on a
four-and-a-half per cent. bond. 1t is argued
that unless a uniform bond is established
existing banks will have decided adyan-
tage over those hereafter formed.
Internal Revenue Receipts. ~
The receipts from internal revenue for
the month of April will be S13, SOC, 600. Fol-
the past ten months the total receipts are
$137 900, 200.
Cuban Affairs.
Inquiry was made to-day at the State and
Navy Departments to learn the status o.
affairs at Havana. At the State Department II
was given out that no dispatches of public
nature had been received to-day, but it could
be safely stated that serious and unlocked
for complications were going on in Cuba, and
that the detention of the American steamer
Lloyd Aspinwall by the volunteers after
her release by the Spanish authorities
was doubtlessly true. 1t appears nothing
has been received at the Navy Recruitment
but Vice-Admiral Porter sta6M that wha
he had expected for the past six month
was about to be enacted, if not alread,
consummated-namely, coalition of tn,
Cuban patriots and the volunteers, and
consequent overthrow Of the Spanish au
thorites proper. He had no doubt the re
ports that the volunteers had taken posses
sion of vessels, including the Aspinwall
Notifications, etc., was to some extent cor
rect, and stated that if they have take,
Moro Castle and the surroundings, as re
ported, Spanish authority is at an end II
Cuba. He expected dispatches tomorrow
from Rear Admiral Poor, who Is in com
mand of the American fleet at Havana.
The Memphis and Ell Paso Railroad
| Bill.
The Memphis and Ell Paso railroad bill
was considered by the Senate Pacific Rail
Iroad Committee to-day; and as it was sug
gested that an adjustment Of the conflicting
. claims of the parties could be made, 1t wa!
/ decided to postpone further action unit
= next week.
Associated Press kilograms.
Congressional.
WASHINGTON, April 29.-Senate.--A bill
I was introduced for the settlement Of &C
counts between railroad corporations ant
the United States Government.
Bills were introduced for the settlement
: of accounts between southern railroad cor
porations and the United States Govern
!. mept; and to authorize the school trustee
n in Arkansas to enter lands for school pun
e poses under the homestead law.
l. Bill granting lands to aid in the construc
+;o, ~ ro;lroada in Florida was reDOrte