The New York herald., 1870-02-27
SUNDAY FEBRUARY 27 ls7o-TRIPLE SHEET

crowded WITH business, ana when the telegraph be-
comes the ordinary means OF communication, with
larger than the day business Tne only question w.
are tho rates low enough to secure this busnsssf II
the telegraph companies have ali agreed 70 sell
their lines TO the government, ct an appraised
value; 1ne government oy this bin, designates the
aos of 1865 and asssntsd TO- to BY these
with the present postal service. The prepaid ele-
gram and etrcr WIN each be received by the same
be transmitted under the contract TO its place OF des-
tinntion, there 10 be delivered by the same Post
once clerk and messenger. II establishes no new
bureau or department OF government. IL simply ex-
tends the operation OF the Post Once. and author.
ICES the Postmaster General to contract TOR the
low rates. Througn the operations OF the postal
system the telegraph, now confined TO the rich and
70 bankers, brokers' and gram dealers, viii be
brought WITHIN the reach OF ail ana made the Oru-
nary means Of communications
The representatives OF both sides OF the question
Win have their remarks In full printed and submit
them to the committee. The subject Will be taken
mp at the regular meeting on Thursday next
Tho Sale Of Cadctships-More Carpet.x t.xaggers
in Trouble. n
The House Military Committee was to-day after
the carpeinaggers Of the last Congress who are not
members OF the present Congress. They had wit
nesses before them VINO testified concusively that
N4s' A~AWoiuS AhSNpcI lEoM NcOTkd III Tue luSt
House, sold MS West Point cadetship for $500. OF
which he received $3.50. Mr.. Butler, OF Tennessee,
and his friends have been endeavoring to exp plain
the circumstances involving his case. majority OF
the committee, however are Of opinion That But
lers case Is parable! with that OF Whttemore, the
only difference being that the latter gave his
money for charitable purposes. while the former
gave II Tor political purposes AS already stated the
committee VIII probably repor. resolution for the
expulsion OF Butler.
The Alaska Senl Fisheries.
The House Committee ON Commerce had a meet
ing to-day to discuss and II possible, decide the
question OF the Alaska seal fisheries After delib-
Grafton OF three hours the committee adjourned
without coming 10 any conclusion. Two or three
members OF the committee were absent Those pres
ent seemed to be equally divided between renting
the fisheries to private companies and reserving
them TO the government.
The Mediterranean nnd Oriental Steamship
Company.
The Select Committee on the revival OF American
commerce held special meeting to-day for the pur-
pose Of hearing The representatives OF the Medlter-
ranean and Oriental Steamship Company full
statement OF the objects OF the company was made,
and was listened to with interest by the committee.
Several members OF the committee expressed them
selves pleased wltl the carefully matured plans OF
the company. The persons who represented the In
terests OF ihe company before the committee stated
that with the legislation sought from Congress the
company could command ample means sufficient to
build twenty first iron steamships the pro-
posed dry dock at Port Royal, emigrant depots at
Norfolk and elsewhere. The committee has the bill
or the company under consideration.
Fractional Currency Statement.
The receipts OF fractional currency for the week
ending to-day amount to S524 100. The following
shipments were made:--
TO the depository at Baltimore ... $50, 600
10 the depository al fntsDurg. "a, 900
10 national banks. Observation-Disclosures. $4,000
Total Observation-Disclosures. 81 l87 600
The treasurer holds ia trust as security for
national bank circulation $s43 a9s. $50; for public
deposits, s1s ,sOs 500; nu.ated bank notes burned
during'th week, $los.747 total amount burned,
$50 le9; bank currency issued for bills destroyed
during the week, 1898 $780,. total amount issued
therefor, s2O3s2, $50: balance due for mutiated
notes, s1e5sls; bank circulation outstanding at this
date s2ee, ,s74354; fractional currency redeemed
and destroyed during the week $s26,9s0
Personal.
Ben Wade arrived In the city last night, on pri-
vate visit, however and will remain several days.
Senator Sprague after Q few days. appearance In
the Senate disappeared mysteriously on Monday
last no one here knowing whittier he has gone
Hon. John Morriasey's seat has been vacant during
the session, and the question is asked whether
II these gentlemen have more urgent business to
attend to at home would not be Tor tho interests
Of their constituents that they resigned their
Congress?
staranry for the Capitol.
Mr.. Launt Thompson, the sculptor has been IN
vited to make q design ana model group for the
south pediment OF the Capltol To balance that by
Crawford on the north.