Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1871-11-29
From Washington.

FINANCIAL.
WAsHINGToN, D. e., Nov. 2S.-Treasurer
Spinner will this evening forward checks for
SS,000,0OO in coin to parties IN various parts OF
the country who have sent 500 bonds here for
redemption.
THE PAY DEPARTMENT.
During the temporary absence OF the paymas-
ter general of the army, Major Charles T.
Larned, Of the pay department, is designated to
take charge of the office
MARRIED.
Col. W. +. Stocking, Of New York city, and
Miss Patte Miller, daughter Of Justice Miller, of
the United States supreme court, were married
to-day at the residence of the brides parents.
Among those present were President and Mrs.
Grant and all the Justices of the supreme court,
with their wives.
NAVAL.
Passed Assistant Surgeon j. B. Parker is de-
tqched from the naval hospital at Chelsea ,i
the receiving ship at Boston.
UNFOUNDED CHARGE.
The postmaster general, who for some days
has been engaged in investigating the charge
that Hon. VIM. +. Prosser received pay while
member Of congress Tor prosecuting claim
against the government, day dismissed the
charge, as entirely untoundcd.
MIR. BOUTWELL,.
As uniaVorahle comments have recently been
made in relation to Secretary BOutwelIS ncgO-
iatiOn Of the new loan, it is proper to state that,
III uOiU4 SO, ne followed Inc llDG lulu down III
his printed circular of the 10th of August last,
and has not departed from it. The arrange
ment was stated therein to be subject
to the condition that the national banks
should have an opportunity, within sixty days,
TO subscribe for any sum or sums, not exceed
ing fifty million dollars in all, and that the
banks making or obtaining subscriptions in coin
would be designated by the secretary of the
treasury, as depositors of public money, upon
the usual condition of placing in the hands of
the treasurer of the United States bonds of the
United States for security Of such deposits.
At the commencement of each month, no
tice would be given of the redemption
of an amount of bonds equal to the
amount Of subscriptions in coin for the
preceding month; interest to cease ninety
days from the date of such notice. AS the
bonds specified should mature, the deposits
were to be withdrawn from the several banks
prOpOrtionatey
A commission of oneeighth of one per cent
was to be allowed upon all subscriptions made
or obtained by national banks. 1t is denied
that Mr.. Boutwell, has violated the law, which
authorized the payment of one-half of one per
cent to pay the expenses connected with dis
posing Of the loan.
All agents connected with its negotiation will
receive only so much of the half of one per cent
as shall remain after paying tor the engraving
and printing of bonds, &c. With this deduc-
hoh, II is supposed the compensation will not
amount TO as much as oneiourth of one per
cent. While the ninety days referred to i'll the
circular gave the bank depositors pecuniary
advantages, the government did not pay cent
more than II the money had been deposited in
the treasury proper, where il would have lain
lule' ne secretary was to-day Intercepted on
Inc SUBJECT OF recent newspaper publications,
and the above is the substance of his reply