Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1870-05-06
WASHINGTON, D. c., April 80. 1870.

Dear TO1uaaI:-1he Committee on Education
and Labor are daily investig ating the charges
against General O. o. Howard, Commissioner OF
the Freedmen's Bureau. The examination OF
witnesses has disclosed enough to show that
very large quantity of Congressional white-Wash
will be required to make General Howard sp-
pear as spotless and Immaculate as RADICAL
apostle should be-
The Committee on Banking and Currency yes
terday voted to report to the House proVldlpG
for the issue of ninety five millions of dollars OF
additional bank notes, and also for the redemp-
ton OF forty millions OF three per cent. certh-
Gates. which ere now held by the banks ss law
full reserve Fifty millions Of legal-tenders are
to be Withdrawn and their place to be sup
piled by the remaining fifty millions OF bark
notes. Whether these portions Of the bill VIII
satisfy the majority of the House, who ordered
the Committee to report bill increasing the
currency fifty millions, is very questionable.-
Nome contend that this is a virtual contraction
Of currency The bill also provides for bond
bearing Al per cent interest, which the new
banks are required to pay in gold or its eqniva-
lent for.
The funding bin which is before the Ways and
Means Commmttee still remains rs 1T came
from the Senate but rest assured whatever the
Committee may 90 to peaee Mr.. Boutwell,, in hls
net financial scheme, the House Will do nothing
to conflict with the great Inonied power that to-
day rules the country The House will take care
Of the National Banks, 9ecretary Boutwell,,
President Grant and John Sherman to the con-
trary notwithstanding. No matter how or on
what terms the national doDt is funded, it viii be
g. milestone Ground the peck of the American
people that viii keep them forever crushed un-
der the heel Of the liSarchy that are destined
through our immense load of debt to rule our
country
Cur great oxeurgioni. t, the Prince ofJunkoters
and choicest of Radicals has inaugurated the
season Of 1870 Hereafter he is inVltable to every
dcscrip aon OF excursions, aprees, feeds, caroue-
Aie horse fairs and fourth OF July celebrations
the Eastern section Of the country much prefer
red they seem to understand Ulysses much bet
ter than thoy DO in the other sections. His open
ing trip Was TO West Point to see his cen Freddy,
who IL q cadet thCre. lie was accompanied by
Mrs Grant Nellie and Jessie, also by his private
Secretary, General Horace Porter. The New
York WORTH says "that Grant expects to bring
lack with him blooded trotter, the gift Of
.low Yorl, gentleman, who, runor says, Is to be
appointed shortly to diplomatic mission" y
This is said to be the real reason for the present
trip. Grant might as we'll be away enjoying
himself as he is of no earthly use hero except to
sign his name as directed by the heads Of De-
uartmCnts who each run their machine"
without let or hindranCe from any one. AS
Grant "has no policy" his presence here is not
necessary. HIS three efforts at having lite
policy of his wn, viz: the ti.k-Gold ring policy
which went 's1here the WOodDine twineth,'' the
Supreme bench Uoar policy, which his Senatorial
masters ''would not see' and the San Domingo
Job policy, which Invent up in q balloon "
ana now is supposed to be cup among
the little stars sailing around the moon,
we're such decided failures that he will now fall
back on his original promise to his party friends
Of 'havng no policy Of his own" and then with
all his relations in office, with his segar and his
bottle and his horses, what is to prevent him
from having ''poace ?" To further prove his Rad
icalsIn, lie has just appointed negro postmaster
at Lexington, Va, where Washington College is
located of which General Robert E. Lee is Presi-
dent. That any occupying go high posi-
ton could descend to do 80 mean and contempti-
BILE an act, in order TO cast an indignity upon and
Insult one who his adversary in arms is past
cOmprehending by those who do not know the
atupid, british, coarse nature of General Grant.
Pity there not some gentleman present when
this thing was done would have pointed out to
him that sach al acton wRs not in accordance
with the usa%cs Of We'll. bred people those who
have the least refinement or care at all for the
decencies OF life, but his prompter was Oreswell,
who pr cached secession openly in 1861 and now
hounds TO the death those who took his advice.
Uroswuu is strong believer in the new Radical
commandment Of "IOve the negro better than
yourself" How applicable the words OF the sim
pie but phiIosophic sancho Panza, that 6 One
can't make silk purse out of soW's ear" are
{ our present chief magistrate. Let some Rad
ical gentleman who has had occasion to blush
for his President send General Grant work on
good breeding, and it would prevent him proba-
~
good breeding and the coarsness OF his nature.
No gentleman of sny party can palliate this
small business of attempting to insult General
Lee.
General Spinner, United States Treasurer, has
been writing financial letters lately. In one to
David Wilson, Of Boston, he supports the pres
ent system Of financial operations, and also the
people crushing funding bill. To J. L. Worth, of
New York he writes and advocates the passage
of a law to prevent banks paying interest to each
other on deposits, holding that the banks were
intended to lend, not to borrow money and
that the circulating notes OF the banks were not
used III the legitimate business of the country,
but was used to stimulate wild speculations ard
reckless gambling in stocks Very true, Mr..
Treasurer, that appears to be the chief business
or the National banks. he writes to Mr.. 8. Sher-
man, of Philadelphia, that he was more hopeful
than ever il regard to finance, and thought that
the people Of the country had great cause to
be thankful for the manner in which they we're
conducted. MIR. Spinner may be very hopeful
but that is more than the people are, with bank
ruptcy staring them in the face; and for being
thankful, you might as we'll expect the poor Pie
Gans to be thankful to Phil. Sheridan for "strik-
ing them hard" when they were sick with the
small pox. The internal revenue and tho pre-
tected monopolies are the small pox to the peo-
ple and the management OF the finances includ-
ing the national banks is the "striking hard" OF
the administration, and the result will, be that we
will be crushed as were tho Piegans.
am sorry to chronicle the fact that Senator
Thurman, Of Ohio, has, by reason of continued
indisposition been obliged to quit his seat in the
Senate and go home for a few weeks in order 10
rest from his arduOus Senatorial duties. I trust
he will soon return with renewed strength and
Ei.nr. ,Eha nnsitinn Of L,aGa Ih,,rr,s i,a