The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-08-14
w ASKING TON.
Annual Receipts and Expenditures
of Government.
Tax on the Borrowed CAPITAL Of Banks
~
TO Be Collected


WARRINGTON. August 10. 1871.
Annsa,ii Receipts and Expenditures Of Gov
ornmcns.
The receipts OF Tue government from all sources
during tile fiscal year ending June 80, 1871. were
s3s3,324 900, and the expenditures $500, III 900.
Tax Borrowed Capital Of sut,ouai BANKS.
The recen5 decision OF ex-Commissioner Peason-
ton. relieving bankers from The payment Of tax ON
borrowed capital reached officially only one dts
trct-namely, the Thirty -seoood OF New York As
soon rs Mr.. Douglass, the present Commissioner,
shall be officially advised by tTs proper officer Of tho
receipt OF the communication It Will be recalled.
AS the case now stands there ~ no change in the
Old decision, and the tax on borrowed capital Will
be collected rs heretofore.
The Postal Money Oraer Convention with
Great Britain,
In addition to the details already given In these
dispatches In relation to the convention IOr the
interchange OF postal money orders between Greas
Britain and the United states. the I'd OF october
next, may be further stated that In he conversion
OF the currencies OF the two countries enc pound
sterling OF Great Britain s to be considered ~
equivalent to - SO or gold or the United States
The value IN United states paper currency OF money
orders drawn In Great Britain anal accepted ~ tine
exchange office of New York is to- be determined "a
New York In accordance with the current premium
on gold on the day Of their recefnt, In the same
manner that gold value OF curIvn deposits for
money orders Great Britain IL TO- bc determined
in the city. Although as prevou sly stated, the
convention places no restriction uposa the number
Of International money orders that nay be pur'
chased by one person, It Is quite certain that the
Post once Will, In case undue advantage ID taken OF
the syste issue Instructions to posntast ers limit
ing the amount OF money thus transfer able by one
person daily, the purpose Of the COW enthon being
to afford facilities Tor the transmission OF sinai
amounts and not to eupplant the ordinary CONNER.
ciaI methods OF remittance and exchange by meana
Of bankers drafts.
Postal ne30tiations with Dem mark.
The postal negotiations that have beenA progress
ing for some time with Sweden, Norway and Den
mark now give promise OF the ea,ly conc usiOn OF
satisfactory convention with those countries. which
Will insure large reduction in the present rates Of
postage between them and the United states.
Tho New Colombian Minister to Great Brit.
thin.
Dr. Justo Arosemena, OF Panama, has been ap.
pointed Minister PenipOtenttary OF the republic Of
Colombia to reside near the Court OF st. James
The new appolntee Is q good English scholar, has
resided many years in the United States and his
wife is New York lady we'll known In Knicker-
booker circles
Decision by the Treasury Depar. ment.
The Treasury Department. has held, In the case u
tho British schooner John Bull, Lngua Cape Breton
for Portland Me-. under erroneous destination, al
per manifest aud allowed TO proceed to Boston BY
the Collector at Portland, Boston being her true des-
tnatlon that vessel must in general be ned to ner
destination as expressed In her manifest. and that
the destination OF her cargo should correspond with
the destination OF the goods as specified III the
trpicate Invoices, as required by the act Oh March
1863 though the law does not seem absolutely to
prohibit the change of destination where the mani
fest Is incorrect through an unlntentonal error
Question for Quidauncs.
The question has been raised at the Treasury De.
partment under the Tenure OF once act, whether
the designation OF j. W. Douglass First Deputy Com
missioner OF Internal Revenue, to perform the
duties OF Commissioner Pleasont0n creates .
vacancy in the subordinate Office. There quite
q number OF applicants for the position OF First
Deputy; but the opinion prevails among the Law
officers OF the Treasury Department that vacancy
exists in that office.
The Annapolis Naval Academy.
The mdshpmens quarters OF the Naval Academy
at Annapolis are being reftted preparatory TO the
opening, on October next. There now twenty
nine midshipmen, admitted at the examinat on In
June last, who are being instructed In the routine
OF ship duties Among them are Washington J.
Chambers Charles C. Drake l.. T. Halpine tson Of
the late General Hapine). Frederick A. Lathrop, J.
A. Sherman and Thomas n. Wood, Of New York.
Japanese student, KorOkee Katz Is also includes
In the list. The twenty.four midsnipmen who were
turned back last year now the practice
squadron ana they will lie admitted in the Septeui-
Der examination.
Favorable Couditiou Of the Crops.
The next crop report of the Department Of Agrt-
culture will not be published until september. me
returns recently received show that the crops are
In better condition than reported in July, in.
GLIDING corn ana cotton. letter from Arkansas
says that, although the acreage Of cotton Is not SD
large as last year. the crop will be equally as large,
and 80 OF the other States
Death Warrant signed.
Governor Bowie, OF Maryland. has signed the
death warrant OF Leah Scarborough, cOored, con-
vcted of numbering her infant, and the death war
rant OF william Pritchard, colored convicted OF
rape OF white girl. Both are sentenced to be hung
the 29n Of September. ana the executions are to
take place In Baltimore county, where the crimes
were commltte1