Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-08-11
WASHINGTON.
Fifty Millions of the New Bonds
Offered to the National Banks.
indian school Privileges.


Indian school Privileges.
New York, Aug. 10.--A Washington
dispatch says that Hon. j. III. Ashley
yesterday presented an argument to the
Interior Department in behalf of the
claim of the Indians to the rights they
have in the property and school privileges
of Ottawa University. The particular
question now TO be decided is whether the
present Board of Trustees shall be given
patents for about 1000 acres of trust
lands which were bought for the univer.
sity. This question opens up the whole
case, and it will require considerable time
to examine all the evidence and make I'D
the decision.
y official.
WASHINGTON, Aug. 10 The Treasury
Department officially announces the ne
COLLATION. of the new five per cent. loan
as heretofore reported. Agents hereto
fore designated are limited to the sale of
equal amounts of four ard half and
i've per cent. bonds, or to equal amounts
of four and five per cent. bonds.
A Chance for the National Banks.
The Secretary of the Treasury to-day
addressed the following to the National
Banks:
Treasury Department, Aug. 10,
lS7l.-Su: take the liberty to inform
you that arrangements have been made
for the disposal of the remainder of the
bonds offered by the Secretary of the
Treasury on the 2S.h of February last,
being shout one hundred and thirty
millions of dollars. The arrangement is
subject to the condition that the National
Banks of the United States shall have an
opportunity within sixty days from this
date to subscribe for any sum or sums not
exceeding $50, ZOO milIions21 in all.
Banks making or obtaining subscriptions
in coin viii be designated by the Secre-
tary of the Treasury as repositories 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 deposit. At
the commencement of each month notice
will be given of the redemption of an
amount of bonds equal to the amount of
sub; criptions in coin for the preceding
months, the interest to cease in ninety
days from date of such notice. As the
bonds specified shall mature the deposits
will be withdrawn from the several banks
A commission of one
eighth of one per cent. will be allowed
upon all subscriptions made or obtained
by the National Backs.
BOUTWELL,, Secretary.
To the Cashiers of National Banks.
The following letter was to day sent to
the agents heretofore designated, negotia- |
tons having been perfected for the sale
of the remainder of the two hundred
millions of five per cent. bonds offered
to the public, by letter of the Secretary
of the Treasury, on the 2Sth of Febru-
airy last. The authority of the agents
heretofore designated is limited to the
sale of equal amounts of the four and q
half and the five per cent. bonds, or
equal amounts of the four and five per
cent. bonds.
Is Douglass n DefauIter!
A report has been published charging
John w. Douglass, late Collector of the
nineteenth district of Pennsylvania, and
now Commissioner of Internal Revenue,
with being defaulter to the amount of |
So, 600. that being charged on the books
of the Treasury Department az the bal |
ance due from him. On inquiry to- day,
it was ascertained that when Collector
of the nineteenth district of Pennsylya-
MIA, his Deputy stole from the office
SIT, 600. Douglass recovered $4,000
from his Deputy's sureties and paid this
into the Treasury together with other
Thousands which he realized by the sale
and mortgage Of his own private prop
erty. A credit has been given him for |
81, 100 additional thus reducing the bal
ance due to the Government to 81, $50.
A claim for relief is now pending before
c congress.
The southwestern Mats.
As temporary services are gradually |
provided on the failing mail routes in the |
Southwestern States, the results shows
but little increased expenditures, and that |
N Texas, upon the long and remote |
overland routes. 1t was anticipated by |
he Postmaster General that these routes |
would increase the mail service over and |
above that of last year, because of the |
arge immigration which would necessi- |
ate new offices and new routes. The |
data received at the Post-office Depart |
nent warrant the estim ate that about one
hundred thousand persons have settled in |
Texas during the past year. 1t must b;
IN ierstood that unlike many other de- |
Dartments of the Government, the mail |
service is constantly increasing, and hence
the duties of the Post-office Department |
become more responsible aud onerous
from year TO year.