New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-02-28


sARY-THE GOLD PANIC REPoRT-ADMIRAL
PoRTER's OPINION OF THE MoNARCH-THE
ORIENTAL STEAMSHIP COMPANY.
IBY TELEGRAPH TO THB TRBUNRl
WASHINGTON. Feb. o. 1870.
The Military Committee held n long session
yesterday, and took important acton some OF the
before them. 10 decided report resolution
Of expulsion in the OF the Hon. John r. Deweese
member from the Fourth District OF North Carolina
The facts IN his case developed by the Committee arc
that he sold his naval cadeshp Washington boy for
$780, the boy testfyng to the fact before the Committee
and stating that he paid Deweese that amount OF money
Mr. Deweese or his friends attempted to evade the re-
sponsiby, since the question up in the House. by
returning the money but the evidence strong and
conclusive that the Committee have decided 10 close the
The resolution with the testimony will he presented
by Gen Logan tomorrow and an effort will be made to
procure without debate delay. IL is not unlikely
that Deweese will adopt the tactics OF Whtemore, and
resign in order TO escape expulsion In Whittemores
Deweese one OF those who did notyoe on either
side The Of Galloday Of Kentucky, and Butler OF
Tennessee still before the Committee. There much
conflicting testimony each case but the belief general
that resolutions of expulsion VIII be presented during the
present week
The OF the state OF Georgia occupied several hours
Of a special meeting Of the Senate judiciary Committee
yesterday and report agreed TO on the resolution
Of Senator Ferry, referred TO the Committee several
days ago, directing the Committee TO inquire and report
whether the Legislature Of Georgia has been reOrganized
in accordance with the provisions OF the act passed at
the present session, promote Reconstruction in that
State a9d whether there have been violations Of the
said law. The majority will report that several rregu-
arties did occur the organization Of the present
Legislature Of that State, and that reorganization will
be necessary before the State be admitted The ac
ton Of Gen. Ferry in uuseatng members not fully sus-
tanned. In regard to the Senatorial election the Com
fio flott Tho of
Blodgett, for the term beginning 1871 is Illegal;
that the present Legislature expires with the
present year. and the Legislature has the authority
10 elect Senator for the term TO which the present
Legislature has chosen Mr. Bodgett In regard to Mr..
Joshua H claiming TO be elected for the term ending
1873 and Dr. Miller for the ending 1871 the Commit
tee came to no definite conclusion The legality OF their
election depends the action Of the Senate in regard to
the reconstruction Of the state. II 1t Is agreed that the
act Of the present Congress in regard to the State was
independent In ITSELF then the election OF Miller 10 legal
but II by that act all the previous acts OF reconstruction
were be applied to the reorganization Of the State
Legislature, the Senators, Whitley and Farrow will
be recognized Gov Bullock and Foster BlOdgett
rived here this evening. The case Of Gen. Ames
one Of the Senators elected from Mississippi
was also considered by the Committee. The
point in ms is as TO whether lie is entl-
tied TO admission a Senator lie being an Off
in the at the time he elected, and was not
resident Of the state All the evidence adsuced before
the Committee goes 10 show that before he elected
be notified the Legislature and people OF the State that
he had determined 10 take up his residence among them
and II elected he would Immediately resign lis position
in the army. 10 this assurance that ho was
elected The Committee will, it is understood, report
that he il entitled to admission, although 10 vote was
taken the subject.
The report Of the Committee on Banking and Currency,
on the subject OF the New-YOrk gold panic is fairly
under way and will certainly be finished during the pres
ent week. There many important facts IN connec-
ton with the investigation which have not yet been pub
lshed and there will be some damaging disclosures
The Committee decline to furnish any information in
advance OF the report the members say the report
will be very long An extra number OF copies will be
printed for the use Of tho House.
Secretary Robson. ViccAdmiral Porter, and others
who visited the Monarch Annapolis. returned much
pleased with their visit Admiral Porter the Mon
arch is the greatest naval vessel anoat that she
easily conquer any vessel belonging TO our Navy. She
can run down ron-cads and monitors at but
fight with her "in shore" or in harbor might be more
equally contested, for then she could not readily use
the tnrty.four feet placed in her some fifteen
under water lie declares she is the greatest piece
Of naval architecture he has ever looked upon.
The Special Committee on American navigation inte
rests gave hearing yesterday TO the managers and rep
rescnatiyos OF the Mediterranean and Oriental Steam
ship Company case. J. G. JewetexPlaned ut length the
provisions OF the bill now pending. This Company pro
Norfolk Va and Port Royal 8 c. direct to Cadz SPAIN
thence through the Mediterranean TO Port Said calling
at Marseiles Brndisi Genoa, Smyrna and other ports
and communicating through connecting lines with the
Adratic and the Black aud Caspian Seas. There apro
vision for the continuation Of the line through the Suez
Canal and Red Sea to India and China as soon as the
vessels can be built The Company propose to build q
steamships, double hulIs like the Great Eastern of not
less than 5000 burden arranged for carrying heavy
freights, aud large number Of passengers. The
provisions OF the bill with regard to emigrant
accommodations explained, and met with appro-
baton More space allowed than is now the case, and
each family provided with separate cabin or room.
The Company was originally chartered IN New-lork,
and are obtaining acts of incorporation from the
Southern Legislatures They propose to bring emgrants
into the Southern States from southern Europe, the
States to pay per capita bounty of s5 on proof OF bona
fde residence Of year within the state bond Is
10 be made to bring 2ooO within 10 years on which the
state issues ITS bonds AZ per cent per annun to the
amount Of 100000. In several states Emigrant aud
Land Associations have been chartered, with which
arrangements have already been completed IL Is eX-
pected that bonds Of the value OF ten millions VIII DC
obtained. These bonds are 10 be deposited with the
Postmaster General vino certfes the fact on The Dohds
of the company, thus acting guarantee. Tie shpS OF
the company can he used for war purposes WIFI
ont other compensation than their cost or APP
praised value. The contract for carrying the mans
il 10 be made for twenty years, and the Company.
through Cant Jewett, made effective argument Tor
oheapening the postage. They claim that advantageous
contracts have already entered into with capitalists
and others IN Austria Italy, and France In the two for
mer countries there great desire to enter into
closer relations with the United states As Capt Jeweu
EXPRESSED IT, "our flag brought no dlstrust. Foreign
governments and people not looking. as they did
wherever the British flag few for some ultefior design
Capt Jewett called attention 10 the fac that the pro-
posed enterprise opened up comparatively new direct
trade and did not compete with the North European
Atlantic lines lie suggested that re Canal