Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-01-08
rsrHNrs oF pARIEN.


rien. will leave Washington about the
middle or the last of this month. The
maps and charts are being prepared, and
the engineers are busily engaged in COM
pleting them in time for the start. The
United States vessels in the Navy Yard
here are being fitted up in the most COM
plete manner for a proper execution OF the
duty to which they are assigned.
CUBAN AFFAIRS.
In anticipation Of the debate upon Gu
han affairs, which is TO come of in the
Senate upon the reassembling of Congress,
the Spanish agents here, and The GOuerza-
Faeat Of the United States, are busy at
work in the manufacture of disasters
to the Cuban cause. A dispatch sent to
the country through the Associated Press,
which contained a Z" report +" TO the effect
that IN Valmaseda's district 700 Cubans,
with their officers, had laid down their
arms. - and that in the district Of Rene
dios the Chief Coco and all his men had
surrendered is known to be false. It Is
further known that it was concOcted at
the State Department, nth tie assistance
Of the Spanish Minister, and thence COM
rnunicatied to the Associated Press. The
wretched bungliEg aud corruption Of this
administration has deferred indefinitely
the acquisition of Cuba by this country,
If thev have not rendered such an event
altogether impossible. Nothing less than
the utter overthrow Of Radical power
could bring It within the range Of posi-
bility.
FREE BANKING.
A number of bills are being prepared by
different Congressman, and one also by
the Secretary of the Treasury, to provide
for the institution Of free banking. The
opinion OF a leading banker and broker in
New York city having been solicited, be
writes as follows: q" No one can object 10
free Banking Law, provided the proper
restrictions are placed upon the banks in
redeeming their issue. II law should be
passed similar to the present National
Banking act, it is wild, sricked indatioH, as
the Government does not obtain any sd-
vantage from such an increase Of the cur
rencS under such a condition OF things.
II vould be better that the Government
would issue more legal-tenders, rather
than allow individDSls or corporations to
reap the benefits of that which the Gov
eminent could readily obtain itself. II,
however, the idea is to make central re- /
deeming point in New York city under /
Government supervision, the laws Of
trade demand and supply would govern. /
When money was wanted 10 move the /
crops, the banks would issue currency;
when the currency would be returned to
the financial centres, the banks would
have TO redeem. without this check, to
pass such law would be madness. If
asked what the effect Of such law would
be, I wsuld say that it is gradual contrac-
tion and an appreciation Of greenbacks TO /
gold. It viii readily be perceived that if
the new banks were obliged las they
sbo,, d BEL TO retain twenty-five per cent.
oftbeir circulation on hand in legai-ten-
ders- this OF course, would tie up 50 much
more legal-tendels :, and make them scarce.
The free banking law Cf the State Of New
York is the best guide fos any new legis-
lation on the subject.
HoAR.
Careful inquiry among those Senator'S
now IN the city develops the fact that all
who were opposed to Hoar, when his
nomination was before:the Senate, are still
against him and would vote for his rejec-1
riou. They say he would have been re-
jected at the time had not his few friends
begged him of with the promise that his
nafne should be Withdrawn. Zach Chan
der is reported as saying that Hoar
couldn't be confirmed for justice Of the
peace. and that the Senate would put
head on him, no matter for what place
nominated. There is some talk Of the
President Withdrawing Hoar and nOmina-
ting him as the successor Of Stanton.
This, il is said, would do away with what
was put forth as one of the chief objec-
tions to his confirmation, namely. locality.
The Pennsylvanians, however, will stead
EIy oppose any such arrangement as this,
because they claim that the appointment
20 MI The vacancy occasioned by the death
OF Mr.. stanton belongs to their State. The
truth is, the opposition 70 Hoar is Of per-
sOnal nature, and the chances are the pre-
diction OF Zach Chandler, relative 10 the
action Of the Senate in rejecting him for
whatever place he may be nominated, is
probably correct.
A MILITARY GOVERNMENT.
tits COW believed by many Democrats
that the com pletion OF reconstruction, by
the admission OF the States not vet repre-
scented, viii not Involve any reduction of
the standing army, As the power now
claimed by Congress TO expel States and
remodel refractory Legislatures viii ne
cessitate the retention, for an indefinite
period, of a military force in ali the States
which are to be thus treated.
TIE VACANCY oS THE SUPREME BENCH.
Judge Marvin, OF Florida, who was
chosen Senator from that State in 1855,
but not allowed to take his seat, is in the
city. It is understood that his name will
be pressed tor the vacancy on the Su-
preme Bench, for which Judge Hoar was
nominated. Among the list named are
Judge Erskine, Of Georgia; p. Phillips,
Esq, and Judge Hilhsrd, Of Alabama;
Judge Boyee, Of Louisiana; ana Mr.. Holt,
OF Kentucky. The Southern Senators de-
Inand that the appointment shall come
from the South. Holt lived In Aississip-
pi some thirty years ago, and stiil claims
20 be a citizen Of that State. There has
been a report for some days in town that
De will be appointed II Mr.. Hoar's nomi-
nation is rejected OF his name withdrawn.
TIE PARAoUAYAN AUDDLE.
The end OF the Paraguayan muddle is ,
not vet. learn tonight that a diplo- {
matic agent Of President Lopez is on his }
,ra, bere. charged with some important
communication for President Grant. 1t
is said that this agent is also instructed to q
inquire Of the President the reasons which
led TO the suspension Of diplomatic rela-
tions with Paraguay at time when such /
q step could not fail 20 have damaging q
effect upon the cause Of Lopez. The in !
trepid leader If Paraguay, it appears, re- I
CARDS the withdrawal of our Minister as a i
very unfriendly act on the part Of the !
United States Government, and one +,
that was calculated TO operate in favor Of 1
the Brazilians and their allies. The ex-
pected agent Of Lopez will represent this
view Of the matter in the most forcible Z
manner. and endeavor to induce the Pres q
fdent sither to send back McMahon or ap- I
point a new Minister 10 represent our /;
=, ,o.,,srr r,,a,f in Paraguay {