The New York herald., 1872-08-02
WASHING ON.
Stampede of Republican Con-
gressmen.
Wholesale DesertiOnS Of Officers EX-
pected from Camp Grant.
FISH AND THE ARBITRATORS.
Twelve and Half Millions to Com.
pensate Uncle Sam.

p0nSaC0 Uncle sam.
WASHINGTON, August 1, 1872.
The Effect OF Summers and Banks Lett
tcrs-Expected Stampede from Camp
Grant-Banks' Colleagues Trembling on
the Fence.
few days ago, while Senator Sumner was pre-
pairing his letter endorsing Greeley, he remarked to
friend that 1t would not be many days before
prominent republicans would declare for Greeley
The detection Of General Banks. formally announced
to-day, was not wholly unexpected; but his letter
Is commented upon among ofilcals far more than
the letter OF Senator Sumner, and 1t Is freely ad
mtted by the flrmest friends Of tho President
that the av0wed preference OF Banks for
Greeley will have great influence against
the republican party throughout the country.
Among those in Washington more intimate
with Mr.. Banks status at home and
they are not few 1t Is said that his political pres
tige Is declining and 1t Is doubtful whether he
could receive denomination for Congress- Hence
this coup Tetat on the part Of Banks. Yet, while
admitting this fact, they do not deny his national
reputation, his prominence in Congress; and, what
ever may be his home quarres, of these the people
at large know nothing With them he Is as great
as ever. 1t has been known for some time that Mr.
Banks was only one of number Of leading Con-
gressmen who were personally opposed to the re-
election OF President Grant. 1t Is asserted that
Congressman Buffinton, Hooper Dawes, and Butler,
Banks' colleagues In the House, are personally op-
posed to Grant, and may follow the latter's ex-
ample. Garfield, of Ohio, is also on the list of dis
affected and it is said that he accepted the COM
mission to visit Montana to remove the Fathead
Indians in order to escape the issues Of the cam
pagn. Kelley of Pennsylvania Is among the num-
ber claimed for Greeley by the Liberal Executive
Committee.
The state Department Publishes It's
Fishy Correspondence with schenck-A
Sum in Gross for Uncle Sam-Twelve
and q Half Millions Expected.
The State Department has published in PAM
phet Of $50 pages the correspondence of Secretary
Fish with General Schenck and Bancroft Davis in
relation to the misunderstanding with Great
Britain over our indirect claims and their final
moval from arbitration at Geneva. The corre-
spondence opens with the telegram from General
Schenck Of February 2, informing Mr.. Fish of the
excitement produced in England by the publication
OF the American case and the alarm of the British
Ministry, and closes with the despatch Of Mr.. DAVIS
to the Secretary on the 27th OF June, stating that
the English argument had been filed, the pro-
posed adjournment abandoned and the arbitration
proceeded with. Nothing further is to be pub
lished according 10 the present Intention until the
final adjournment Of the Tribunal, when such Of
the very full reports of Mr.. Davis concerning the
daily sessions and proceedings OF the arbitration
as are deemed proper will be given to the country,
the only reservations being with respect to certain
details that are necessarily confidential. Secrecy
as to its proceedings had been early enjoined by
the Tribunal upon all connected with the arbitra-
ton, conducive to the interests Of both govern
ments; and the fulness and accuracy of the re-
ports that have appeared In the press have
consequently surprised the arbitrators. The
several meetings have been harmonious so
far, but the debate between the tive agents
has been conducted at times with much warmth
and energy, giving rise to issues requiring the sep
arate delioeration Of the arbitrators On several
occasions the situations have even been dramatic.
The burden Of the proceedings before the Tribunal
has rested wholly on Lord Tenterden and Mr..
Davis the respective counsel so far only preparing
papers, briefs and references and coating authori
ties. 1t is known that the British government en-
tertained confident expectation. Immediately
after the indirect claims were disposed OF of oh.
taining an acquittance responsibility for the rest
and their chagrin over the contrary result was
clearly manifested at the session wherein the deci.
sion Of the case Of the Florida announced. This
decision plainly indicated the bias Of the Tribunal
upon the question of what constituted
due diligence at the time of the occurrences, and
afforded an opportunity to both sides to roughly
estimate the extent Of the pecuniary liability to be
inflicted upon Great Britain. 1t is thought that
about twelve and q half millions OF dollars will be
the extreme limit OF such liability, and it is not eX-
pected TO fall much below that sum. The indica-
tons are that the Tribunal will award a sum in
gross In settlement of all the claims and it Is hoped
that by the next session of Congress the business
,a 70 lata fo nIto
arrangements to be made by our government for
the investigation and payment Of the individual
claims.
Withdrawal of Three Per Cent Ccrtifi-
The Comptroller of the Currency notified the
Secretary Of the Treasury to-day that S1314,21o Of
circulating notes have been issued during the
month Of July, under the act of July 12 1870, and
the Secretary of the Treasury has given notice Of
the withdrawal Of the same amount of three per
cent certificates, as provided by that act.