The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-08-16
WASHINGTON.
Politicians Preparing for the Campaign
Warrant Issued for the Arrest OF Con-
gresham r. b. Butler-Organi-
zation or New National Banks
Collection OF Taxes on Ship
builders Sales Suspended,
WASHINGTON, August 10. 1870.
Rfw .TOh for thu ns~-- <1,p


Big Job for tho Treasury Clerks
The political leaders OF both sides are making
great use just now OF the Treasury nrures Tna
democrats ransack the Treasury to figure ont some.
thing against the existing administrations and the
republicans manage to keep the clerks adding. sub
tracing and multiplying with an object Quite the
opposite. That great importance Is attached to ths
style Of campaigning may be noticed from the CHAR
acter and standing or the politicians who engage in
1t. For instance. day or two ago Vice President
Colfax addressed letter to Acting Secretary
Richardson requesting the latter to have ple-
pared for him at the end OF the present
month statement showing the receipts ana ex-
penses for the first eighteen months Of Grants ad
minisratiop and also statement giving the receipts
and expenses OF the last eighteen months OF john
sons reign, the object Of which Is. OF course to
show what an immense reduction has already been
made in the expenditures OF the governments since
the Inauguration Of the present administration.
These abstracts. perhaps, are not always fair,
but as campaign measures they are power
full, making q very great impression upon
people In general. The immense cutting down
and topping or OF all the unnecessary branches Of
expense under Grant Is point which is being made
great use OF, ana which the opposition party find 1t
extremely bothering to contest. Nevertheless some
OF the democratic leaders have written here for
statistics and figures with the hope OF finding
flaws somewhere through which they can
destroy the economical ediflce constructed by
the republicans under Grant. Senator Conkling, OF
New York. Is after figures well as Coiax. Conk.
ling has written here for tabular statement OF tho
receipts and expenses of the for the last
ten years. and evidently intends in his campaigning
efforts to cover much more ground than the other
speakers. Anthony, OF Rhode Island; Wilson, OF
Massachusetts. and Norton, OF Indiana, are also IN
the field, and between the whole OF them the Urea.
sury clerks are likely to be kept busy during the dOg
days.
Organization OF National Banks on n Gold
Basis.
The Comptroller OF the Currency will, in q day or
two issue circular In relation to the organization
OF national banks for the issue OF gold notes. which
Will incorporate the different sections OF the act pro-
viding for the redemption Of the three per
tfcates and for the increase Of national bank notes.
approved July H. 1870 having reference to the sub,
ject, besides other general instructions with refer
ence thereto. The circular states that national
banks for the issue Of gold notes be established.
and would probably be successful and profitable at
any point where direct trade with foreign countries
is carried on to extent SUFFICIENT to furnish en-
ployment to the capital and means Of the bank and
In those cities and States where business is trans
acted chiefly coin basis But in the small interior
towns OF the Atlantic or Western States IL is az
all probable that such institutions would be profit
able or satisfactory TO the stockholders. Banks for
the issue of gold notes are to be organized as pro.
vided in the original law on the subject. First, the
parties subscribing the capital stock, not less In
number than five, should execute articles of assoca-
ton, after which organization certificates should be
prepared, forms for both Of which are included in
the circular. certified copy OF the articles OF
association and the original OF the organization certi
ficate should be filed with the Comptroller OF tna
Currency The cash paid must not be less than
fifty per cent Of the entire capital subscribed. The
amount OF bonds to be deposited must never be less
than $4,000 nor less than onethrd Of the paid up
capital OF the bank When fifty per cent of tho
capital is paid In a certificate of the officers and
directors OF the bank in the form provided by the
circular is to be filed. Before taking any decided
steps for the organization or banks parties are
quested to correspond with the Comptr oer OF the
Currency Application may be made by letter. and
should state the locality where the bank is required,
naming the city or town, the population. general
estimate Of the kind and amount OF business, the
names OF the principal parties who propose to organ.
lie the bank, with information as to their character
and pecuniary abilities. The minimum capital with
which bank be organized under the general
provisions OF the act Is Sl00, 900.
Collection Of Taxes Shipbuilders' Sales
Suspended.
The recent instructions from the Internal Revenue
Office suspending the collection Of taxes on ship
builders sales at Norwich, Conn, are intended to
apply generally to all shipbuilding districts. The
question OF the liability Of shipbuiders to taxation
under the act OF March 81, 1868, is now under
sideration at the Internal Revenue ONCE, though
claims for the refundlng OF taxes already paid on
shpbullders' sales, founded the nOn-labilitY Of
shpbullders to taxation, Will not for the present be
entertained.
Another Candidate for n Place III the Cabinet.
Some prominent republicans are discussing tho
appointment OF Hiram Wabridge for Secretary Of
State In the event OF Mr.. Psh's retirement.
The Counterfeit Fractional Currency.
An erroneous statement has Deen published con-
corning counterfeits OF the fractional currency.
Treasurer Spinner says the counterfeit is not on the
issue of fifty cents note reported but on the
old issue, having the vlgnete OF Lincoln, and which
Old issue the Treasurer Is now calling in. The new
issue bears the likeness Of Stanton The Treasurer
says he will give five dollars for the first counterfeit
note OF this class. The paper on which the new
notes Of all denominations are printed is
Manufactured under the supervision OF the govern
ment officers near Philadelphia. The paper con-
tains cOlored SILK fibre, and Congress had declared
It's manufacture by any other parties felony.
Warrant Issued for Tennessee Congress.
mans Arrest.
The Acting Judge Of the Police Court to-day, on
the oath Of Frederick NJ Clark, OF the special SER
vice OF pension Offices directed warrant TO be
issued Tor the arrest Of Representative r.. r. Butter
on charge Of forgery.
Appropriation for the Lighthouse Board.
The Chairman OF che Lighthouse Board, finding
the Own Appropriation bin made provision for con.
timing number OF lighthouses using In the bin
the words, "an additlon to former approprations,w
asked the Secretary q the Treasury If these words
did not carry the balances from former appropria-
tons with the new appropriations The Secretary
referred tie letter to the Commissioner of Customs
who instructed Rear Admiral Shubrlck In The AFR.
NATIVE TINS saving the balance Of former appro-
prIatiOns and securing continuance Of the
building and the early finishing of a number OF