The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-04
NEW YORK HERALD THURSDAY, MAY A. 1s7L-rRlPLE SHEET

point where the cotton was purchased. rne
question therefore arises whether the proclamation
took eject ct the date OF Its signature IN Washing
tom or at varying dates IN various sections Of the
country when the news Of its PRONUNCIATION was re-
ceiycd M
Argument was commenced to-day in the case OF
the New York, Newfoundland and London Telegraph
Company VI. The United States for the recovery Of
an alleged large balance due for cable kilograms
sent by Secretary seward.
The Land Onice Recorder Invited to Resign.
Judge Granger, Recorder OF the Land once, and
who figured conspicuously In the celebrated
McGarrahan case "a against Joseph Wilson, late
Land Commissioner has been invited to tender his
resignation TO make room for friend OF Secretary
DelanO. 81 7sM
PcstpOnomcnt Of tho Diamond Gift Consents.
The managers announce q final postponement
until the 5th OF July Of the Diamond Gift Concerts
for the benefit Of the French Relief Fund.
Board Of Viait0rs TO che Naval Academy.
The President has selected the following as mem.
Ders OF the Board OF Visitors TO the Naval Academy
The annual examination takes place at the Academy
on the 10th instanJ:-Rev. J. P. Newman, d. d.,
District Of Columbia; Judge J. L. Orr, South Caro-
lima; Rev. George M. Steele, Wisconsin; General
James II. Wilson, late Of the United States Army;
Of Iowa; Benjamin r. Tnt Maine Rev. J. j. Brown.
son, Pennsylvania; VIM. D. walcott, New York;
John B. Henderson, Missouri.
Shining OF an Iron Steamship.
The iron steamship Hercules Captain Doughty,
belonging to the Reading Railroad Company. left the
wharf OF the Consolidated Coal Company at George
town, d. c. yesterday with ,037 tons OF Cumberland
coal for Philadelphia and towed down the river
as far as Waters wharf, where sne sprung a leak,
and sunk in fifteen feet OF water She is nearly new,
anu has been recently thoroughly repaired. She
was built four years ago at Chester Pa, and cost
$4,000. Her stern is completely under water.
Efforts are being made to-day to pump her out.
Personal.
Secretary Robson LEFT here this evening on q tour
North on business and win be absent a week or ten
days.
telegram from Secretary Belknap to-day states
that his chid Is much better and likely to recover.
He will return to Washington at the earliest possible
moment.
Acting Secretary Richardson has received tele.
gram from Secretary Boutwell, stating that he would
not reach washington until Saturday. On tue re-
turn Of Mr.. Boutwell,. Judge Richardson viii leave
for his home in Cambridge, Mass, TO make prepara-
tions his departure for Europe early this summer
the object OF the visit being to negotiate the new
loan.
SCCIetdTy hODeSOu ltuVeS UeTe LO.uOrrOW IOr
Philadelphia, Trenton and New York, to attend to
some private business He will be absent about
week.
Governor Walker, Of Virginia, arrived here to-
nipht from Richmond ana will leave tomorrow
morning for New York.
The members Of the Joint High Commission at
tended the private theatrcals given this evening at
Wallis Opera House for the benefit OF charitable
object Washington.
The Public Fnnds-The Facts About the Coin
Dalnuce--Succsss Of the New Lonn.
e. From the Evening Post]
..t WASHINGTON, May 8, 1871.
Many complaints are received at the Treasury De.
partnent from gentlemen OF public standing as to
The course OF the Secretary In keeping coin balance
on hand or over 500, 000, 600 The fact does not
seem to be GENERALLY understood that this balance Is
only o few millions In excess OF outstanding liab
ties able IN C0n which are liable to be presented
any day. Tue acting Secretary says that these liza
biilties In round numbers are as iollOws:-
Coin ceftfncateS. $40, 1000
OVcFuue lutereSt 0,Z0U,OUQ
Three per cent certificates. ............ 36,845006
MaluIeu uept....s ..s...s......s..... at0O,OOO
-4-.
total OF nearly. 500, 000, 900
There are other small sums, not here enumerated.
which swell the outstanding liabilities to about
The coin balance on hand is sl0e 600 0oo or twelve
millions more than tine Liabilities which the Urea
surer may be called upon to meet any day. the
Acting Serr .fary desires It TO be known that
as fast as the hve-twonty. bonds arc purchased
and the interest does not accumulate, as Is sup
posed. Not only are these bonds DESTROYED but the