The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-06-28
WASHINGTON.
Withdrawal or A. B. COrnelpS NOmina-
ton as Assistant Treasurer
at New York.
THE CUSTOM HOUSE CARRIAGE SYSTEM.
>-~>~->~~~>-~~~~~~o~>~~
Summer Movements of the
President.
Abolition Of the Income Tax by
the Senate.
The Duty ON Salt to be
Reduced.
The Duty on Salt to be
Reduced.
Report of the Conference Committee
on the Currency Bill.
WASHINGTON, June 27, 1870.
Ir,linn Matters.

WASHINGTON, June 27, 1870.
Indian Matters.
pYevet captain George Atchison, Indian Agent for
the Chippewas reports Two murders having been
committed in that agency within month, the cause
OF which is attributed 10 intemperance among the
Indians the victims ana the Offenders both being
savages. The agent writes Notwithstanding that
there are several parties indicted for selling liquor
10 Indians the offence seems to go on unmolested.
Friend Samuel NJ. Janney, superintendent OF In
dian Affairs for The Northern Superlntendency,
writes from Omaha, under date OF sd inst, TO
the Indian Commissioner. He says on that
aay he had an interview with Red Cloud
and his chiefs on the subject OF peace
between the Sioux and the Pawnees. He repre-
scented to them that his people ~ well as tue Paw
nees were at peace with each other, and that the
Pawnee chiefs had expressed their willingness 10
make treaty Of amity with the Sioux, stating fur
Their that the Great Father here mad chosen the
Friends, az men OF peace and long known as the
friends Of the Indians, and placed them IN charge
OF the Pawnees in order that they might be i'm
proved and rendered peaceabe.
superintendent Janhey also suggested that the
Pawnee chiefs would meet the Sioux at Columbus,
Neb, If they would stop there on the way out.
Red Cloud replied that the Pawnees had once
been one people with them, but had turned against
them while they were contending for their rights;
that they had joined the white soldiers and had
killed many OF the best men among the Sioux. He
could not stop now to make treaty with them; he
had not the time could he do it without consult
ing his people. Another chief with Red Cloud spoke
to the same effect, but he used some expressions
Which led Superintendent Janney to believe that
good impression was made upon them and he hopes
Oh ip1n than,
favorably upon the proposition.
A report was received from the agent OF the Kan
sas Indians, Mahlon stubhs, through superntend.
ent Hoag stating that the squatters have all left the
reservation and no unlawful occupants were now
upon their lands. delegation of would.be settlers
visited the Indians last week, Offering five dollars
per capita to remain upon the reservations; ;but
their offers were Denied 1t was said they would be
back again soon and take possession. Adetachment
OF soldiers from Fort Riley are now with the agent
to aid him in keeping squatters from the reserva
ton. The Indians have arrived from successful
buffalo hunt. all well and satisfied.
The agent OF the Kiowas and Comanches reports
from that agency the Sd inst that thirty forty
: OF the rowing Comanches and two Cheyennes stole
about twenty horses and mules from the agency
the oath OF May Several bands have left for the
Plains, and are not expected back TIL fall Taban
anaca, who led the raiders, is the only chief who
feels mad and Is the only one living on the reserva
ton who has gone on the warpath.
The Currency Bill-Report Of the Conference
Committee.
Representative Garfield to-day submitted to the
House the report Of the committee Of conference
the Currency bill. 1t ordered to be printed He
will call for action upon it tomorrow.
The bill provides for an issue Of s45, 0O0 OO0 of
national bank notes to banks, in addition to the
5000 900 authorized by the Currency act Of 1854
the amount Of notes so provided to be furnished
to banking associations organized or to be
organized in States and Territories having
less than their apporiionment, as cOntem-
plated in the Apportionment act of 1865. The
securities for such circulation deposited with the
Treasurer OF the United states shall be any descrp-
ton of bonds Of the United States bearing coin in
terest. Applications for the circulation shall be
made within year after the passage Of this act
and the Comptroller shall issue 1t to the banks
making application. giving the preference to those
States and Territories having greatest deficiency.
No bank organized under the act shall have
circulation exceeding half a million dollars.
new account OF the increased circulation shall be
made as soon as practicable, based upon the census
OF 1870. The Comptroller, at the end of each month";
is required to report to the Secretary of the Treasury
the amount OF circulating notes issued during the
previous month, whereupon the Secretary of the
Treasury shall redeem and cancel a like amount of
three per cent certificates issued under the acts OF
March 2, 1867 and July 25 1885, by giving notice to
the holders thereof that the interest shall cease
after the day designated in the notice, and that
said certificates shall no longer be available
as banking reserves Upon the deposit Of any gold
interest bearing bonds OF the Treasury Of the United
States in the manner prescribed In the nineteenth
and twentieth sections Of the National Currency act
1t shall be lawful for the Comptroller to issue to the
bank making the deposit circulating notes of differ
ent denominations not less than five dollars and not
exceeding in amount eighty per cent Of the par
value Of the bonds deposited, which notes
shall bear upon the face the promise
of the association to which they are issued to pay
them upon preservation at the Office OF the assocla-
ton in gold coin OF the United States, and shall be
redeemabe upon such presentation IN such coin.
The capital Of any such banking association Is
limited to 81, 100000 Banks organized under uale
preceding sections are required to keep hand at
all times not less than twenty-five per cent Of their
circulation in coin, and shall receive at par in pay.
ment OF debts the gold notes Of every other such
bank which Is at the time redeeming its notes in
coin.
The limit OF circulation to $500 0OO 900 in the Cur
rency act and the requirement that the banks in
San Francisco must redeem their notes at par in the
city Of New York are removed. The term 'lawful
money" in the Currency act, as applicable TO banks
there organized on gold basis, shall be construed
to mean "gold coin of the United States"
The bill further provides for the withdrawal from
banking associations having q circulation ex-
ceedlng that contemplated in the act OF
March 1885, OF $25,OO0OOo. This circulation is to
be Withdrawn, commencing with the banks having q
circulation exceeding slOoo000 in the States hav-
ing an excess of circulation and in excess OF
,0oo and then proceeding pro rata with other
banks having circulation exceeding 5000, 900 in
States having the largest excess OF circulation and
reducing the circulation OF such In States having the
greatest proportion in excess, leaving undsturbed
the banks IN the States having smaller proportion
until those in greater excess have been reduced to
the same grade, and continuing thus to make
the reduction provided for By this act until the iu
amount OF $685. 100000 shall be withdrawn: and the