Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-01-05

blou VIII Dt supreme Alf6duN NoA Will
notice that Farnsworth, Dawes and Bing-
ham are alarmed, and have entered pro-
tests as boldly as they dare. But they
dare not say much, for tyranny is so great
here that Republicans who are really
alarmed dare not speak boldly and freely.
But good many of them are shaking
with fear. There has not been a good
feeling between the President and Con-
gress for some time, and Grant is now
very much incensed.
TIE FINANCES.
There is no concord among the Repub-
hcans in Congress upon financial topics,
and divisions are certain TO arise among
them as soon as any really important
question of this kind comes up. In the
Senate Committee of Finance nothing
has been agreed upon in reference to any
matter OF Importance. Mr.. Corbett's
scheme is not viewed with favor, and
other schemes of finance fare just as badly.
The comparison of views only serves to
elicit the sheer inability of the Republi-
cans to pass any financial measure OF re-
lief. At the same time, every ingenuity
viii be employed TO evade the demand OF
the Southern Senators for additional cur
rency.
HOW VIRGINIA IS TO BE RECONSTRUCTED.
The views of scme of the members OF
the Reconstruction Committee have un-
dergone a change within the lasbafort
night. One of them has drawn up bill
relating to Virginia, which has the sane
tion of several of his associates, and is
intended TO be compromise between
those who would admit the State at once
and those who want to put her back into
the condition of Georgia. This bill re-
quires all the State and legislative officers
TO take the oath on the XIVth Amend
ment, and the Legislature must pledge
itself by solemn act never to amend the
Stale Constitution so as to prohibit ne
groes from voting, holding office, sitting
on juries and sharing the school money.
These fundamental conditions being ac-
cepted, the State shall be admitted.
THE CUSTOMS BUREAU.
A bill has been prepared, and will be in
troduced at an early day after the reas-
sembling Of Congress, for the reorganiza-
ton of the Customs Bureau of the Treas
ury. It is proposed to give it enlarged
powers, similar to the powers exercised
5v the Internal Revenue in its peculiar
fA;,1 Of operations. The Commissioner OF
Customs IS, under this bill, to have the
same relative power that is exercised by
the Commissioner Of Internal Revenue.
Such bill as this would relieve the SEQ
retary Of a vast amount of routine and
detail labor which now devolves upon
him in consequence of the limited powers
vested in the Commissioner of Customs,
as his Office is at present organized. The
bill has been prepared, it is understood,
in accordance with the suggestion of the
Secretary.
THE RED RIVER REBELLTOS.
A member of the House of Representa-
tives called recently upon the President
for the purpose of representing to him the
feelings of the people of Minnesota in
reference to the passage Of British troops
\
quellIng the insurrection in the Red River
country. The member stated that the
people were deeply opposed to allowing
this transit Of British troops, and that
violent opposition would probably be
made if it were attempted. The Presi-
dent. after hearing this statement, as-
sur2d the member that the Government
would net allow the use Of American ter
ritory for this purpose. The insurrection
in the Red River country is viewed in
official circles as a serious impediinent to
the scheme of the English Government to
unite all British North America in the
new confederation, and is not therefore
regarded as a matter for regret, although
the final success of the rebels is not
counted on.
PROTEST AGAINST THE TEXAS ELECTION.
The President is in receipt Of dOeU-
ment signed by eminent Conservatives in
Texas, protesting against the election just
held in that State. They say that the
most extensive frauds have been commit
ted, and that neither the reconstruction
!, Tvs aor the orders of the commanding
Cor, srRl have been complied with. They
astip,s e that many thousand fraudulent
xotas bav,q been cast for Davis, the Radi-
col s.s,,didat.s for Governor. When Gen,
REYNOLDS report is received this protest,
with the report, together With all other
documents in the premises, will be sub
,o;ttad IN Congress-. md that body will
probably fellow its usua! course and ralify
the election, no matter how gianng are
the frauds, provided the commanding
General indorses the result. As the Leg
islature is Conservative, 1t is not impossi-
BILE that Congress will exact the test-oath
of the members, as stated in last nights
dispatches, and in this way more fully
sustain the Radical programme.
SPINNER on NATIONAL BANKS AND RAIL
ROADS.
Within a few days Treasurer Spinner
has received a letter from a prominent
Eastern capitalist, complaining that the
National Banks have become such insO-
lent monopolies that they will eventually
control the Government, and that expe-
rience has shown the National Banking
act to be a failure. This gentleman con-
tends that unless some action is taken by
Congress to check the banks they will
presently overpower that body. Spinner
replies at length, defending the National
Banking law, and arguing that the Ma
tionai Banks are not as great monopolies
as were the old State banks. He says the
monopolies most to be feared are the
railroads. which are fast obtaining control
Of the State Governments, and already
manage State legislation TO suit them
selves. All that is necessary, Spinner
thin ks, is to keep the National Banks up
70 the strict lett er Of the act of Congress
which created them, and this is within
the power of the Secretary of the Treas
ury. Spinner is opposed to any further
issue Of paper money. He thinks there is
enough for all the legitimate demands OF
business, and that an additional issue
would only stimulate speculation.
BLOODY TRAGEDY.