The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-01-03
FROM WARRINGTON.
~ r,nauciat OutI"nk for ls1l-Pch'
A"' tho National Treasury W.
non,,ngo Expedition JON" "a VISIT
aft. s,,,

u,su1NG-ON, Jan. |, -, - ht hH'''e''
,,,:,y Of The secretary Of the treasury ana
!. condition Of the department nj the com
.,,encemcnt of the new year. nave gwen rise
- Inoujrjcs from various quarters OF the
r,,nrrc. especially from the West. where
st,inrrnt money market has elicitcd com
HINT fha; The Secretary keeps iockea up
' !, ,Hp Treasury a most eNtracrdinaTy cur.
, - }.,iiucc. 1t appears that on tho last
I'..' we, year 1869 the com hal .nce was in
~,:,,,3 r;I,ahers seventy millions, ana
rrrlrucv balance ci@ht millions.
Tn.,ordsy tho currency balance was
.ncr-v.,our millions. and the coin hll-
,,,ce eighty millions. there being dlt-
.arc-cp uf sixteen millions III the cur
-...ylaIance. This large currency haianrc
So Secretary finds himself compelled 10
-,a:n.4i.,. l. VII. Oc :, incnhrTcd that mere
r'',,I, >,9ird thu: >:&cc The commencement
y. ,,,, nov fiscal vcar tai- balance had been
,.r,'.ys,};. and. for immediate purposes,
',,Incr,sarilv large. he net OF July IS,
fs-a which authorized III increase OF ma
..on,l hank notes. imposed upon the Secre-
INV. he >ayS. The duty OF providing for the
r,Grur,ion II equal amounts OF their three
~,r,r!t. certificates. While Inc decrease III
ino coin aNi currency revenues, from the
:r&>t,tinu q! last session. makes II MS ull!
- rr,rrNc III The Treasury sum sufficient
=, enable the Department to comply
.,ti1 lhr law without Er>ultinG 10 cNtraor-
l.,.ry means. This accumulation. when
,rr Secretary ROW insists ~ an absolute
measure, of safety. has not affected unlaror- 4
ahIy the financial condition of the country,
but, on The contrary. has kept the Treasury
on 4 Qroprr basis 10 meet The great reuuc-
ton in revenue. This reduction III customs
alone. which was estimated in Congress III
about thIty.Iiyc million, OF dollars in gold,
NH ycach At least forty millions year.
Tn, r. i liApwi>e near! Is rs large 4 reelection
in internal taxation. Tomorrow, however,
he coin balance VII hr reduced to forty
cight millions bvth payment OF thirty two
millions ii coin intcre,t; but really there
wi! remain but thirty.eight millions OF coin
in The Treasury, for there are ten millions
Of uncalled-for hut accrued interest, which
the secretary may hc required 10 pay ont
without dal'> notice. thus, rs matter
4 tact. the new wear opens with IN ac;,l.!
coin balance Of tut thirty eight millions.
The necessity for The large currency bal
ancc has been generally explained above ii
lie language OF the Secretary, but a few
figures VIII make it clear. or the fifty mil
lions of authorized additional bank-note
circulation, thirty millions have been ap-
Piled for from the >outh and West, fifteen
millions Of which will probably be granted,
and ,X millions of which have already been
issued. ~ fast a>thi> bauk-notc circulation
j. issued the Secretary is compelled 10 re-
drclu III" certificates in crecnhacks. and
therefore requires a good currency balance
on hand Tor IN emergency, for, at The rate
tie applications come in, five OF fix mil
Hoa> u currency may DC required in Il brici
t.!n".
There is no reason to anticipate any i'm.
portHnt change in what is known rs the
cold.>cIinc and bOnd-nurchasing policy OF
h. Secretary. He SAYS he reasonably anti
"5rat's tha; The total reduction Of the pub
D.. debt for the next fiscal year, including
i!ymcuts Oh account of the sinking fund,
y II hc about fifty millions OF dollars, though
b" reasserts what he stated in December
'4tt the estimated Expenditures for the next
il>cHt wear, including payments on account
Of the sinking fund and for the interest on
the public debt, are 80 nearly equal to the
receipts - 10 Justify and demand the great
est caution II dealing with the revenue and
business OF the country. lii very evident,
thrI ctu r., that there vii! he no further re-
@urtt"n # taxation ut this Session If Con-
,rr~s. thus stands the financial situation
"l III" country as represented at The Treas
II IS the present intention to have the
senate resolutions for the appointment OF
the san Domingo annexation commission
taken up IN the House on Wednesday next,
and debated till Thursday night, when !,
il1al Vote i to be reached. The Admins.
;a'Icn tcci- coutiir that il has the
-;T,u tn # Il two-tb.rQ> vote required 10
act them brIUlC tac ilou&u. indeed, the
iir'!utll Was yesterday !"ra loag tim" III
conference with Secretary RobcsVn, at the
Navy Department, regarding the Diet is Of
ne naval expedition OF t:ir lTupu~Cu com.
mission, and found that III" ICnnc. see, now
Htng out 1t thc naEy-yaru here, could
leave within & week.
JUDGE Acknowledgement Holt denies tie
recently published statement that lie p,o
posed ~ The time OF The trial TO give III
Ms. curratt If John >uGratt would come
forward, and that therefore Mrs. curr.t!
WA> held and executed rs 4 hostage. PEI
contra, another Of the counsel tor the Gov
crnmcn,, and Hollis associate, says The
original statement is true.
SENATOR SUMNER, While disagreeing Will
the President Oh the san Domingo lane
Jon, Is Yet thoroughly in accord with tCt
flcsdent in scouting the idea 4 amue>t
At present. At the same time he dcplore:
tile existence Of anything calculated Il
ruIle The harmony OF the party. 10 SPEAK
hl> mind freely upon all suhiects--lS he in
'tuds TO do--during the session, will bt
si!Ghtly Inconsistent with his idea Of pre-
serving the party peace. 1t is very likely
that II amnesty comes up III the Senate thu
massachusetts, Senator Will hive much t,
- in opposition thereto, and in this Other
o!pOhrnts OF the measure assert he vii
A2vc 'hc support Of the members of the
h'puot AN party who ten ia, ago were
reading HIM out Of their organizations
Washington Patriot.
SINNER And WLSoS~There is doubtless
a difference of opinion between Senators
sumner aud Wilson on the subject of the
acquisition Of San Domingo, but il has not
gone 80 lar as to De an actual outbreak be.
tween them, Is has been stated in certain
papers. 1t ! true that Mr.. Wilson has not
called upon Mr.. Sumner since the return oil
iAc !orlner from Massachusetts, but this Is
doubles. because Mr.. Wilson has been
much tngrosscd with private business. In
ihi, correction it may be stated that Mr..
wilson denies the utterance Of sentiments
attributed TO him III the publication OF
what purpor,cd to be an interview the
other day. He says he was not interviewed
al ILL., washington PdtrtO!.
lArEAcuER ASHLEY on GRASr.-Ashlcv:
You Know they have said his (Chase'S) BRAN
WAS paraiyzed, his MIND gone, and all that
sort OF thing, and that lie goes TO sleep in
his chair on the bench.
reporter: A. Judge Mclean used TO do !
ASHLEY: Yes; but when he's fast asleep
ne mas more sense than Grant wide awake.
Reporter: And you don't think he could
BE paFAiyZed down to the Grant standard 2
Ashley; No, except by al attack OF chol-
:. doHS A. LOGAN has written a letter (be-
nc'tu 10 have been addressed to the Presi-