The Portland daily press., 1872-12-12
Washington Matters.
THE NEW SYNDICATE.


The Secretary OF the Treasury has indi-
Gated that negotiations are in progress for
the disposition of portion OF the loan an
thorized. He has expressed desire, if there
is a,.y doubt as to his authority to use the
machinery of the national banks, that express
authority might be given by special legisla-
ton Mr.. Burchard member of the Com
mittee of Ways and Means, introduced in the
House to-day a bill to the effect that when
ever the Secretary Of the Treasury shall des-
ignate national banking associations as de-
postores of the funds subscribed for the pay
ment or to be paid in the negotiation loans
now authorized by law such funds shall not
De permitted to remain ON deposit with such
associations for period longer than ninety
days, nor without security to the full amount
of such deposit; and Immediately upon or
before the issue of any bonds thus subscribed
for the Secretary of the Treasury shall
publish the notice provided by law
for the presentation and redemption
of an equal amount of the bonds required by
existing laws to be redeemed with such funds.
The bill recognizes the authority as already
existing, but limits the time. From this
opinion, however, some members dissent; for
if the Secretary can allow the funds to remain
ninety days, he can for an indefinite time
longer. The Finance Committee of the Sen
ate, il is said are also inclined to endorse his
financial scheme. Thus Secretary Boutwell,
will have full swing to continue his negotia-
tions. 1t is stated that the old members of
the Syndicate, in conjunction with the Roths-
childs, have already offered to take the re-
naming $300,000,000 of the five per ce.t.
bonds, together with large portion of the
four and a halt per cent loan. Secretary
Boutwell, is now negotiating to that effect
with those parties.
THE FRENCH sPoLIATIoN CLAIMS.
The French Spolation claims bill will meet
with determined opposition from Western
Senators and Representatives, and to-day
some of the legal gentlemen in the House
have intimated that after consultation and an
examination of the authorities they are con-
fdent thai they will be able to prove that the
United States does not owe the money. The
friends of the bill, however, are in excellent
spirits, and they feel certain that they will re-
ceive large majority in either Honse. Their
only fear is that the enemies of the measure,
finding themselves in a minority, will resort
to factious opposition to prevent action.
LIVELY INVESTIGATION IN PROSPECT.
Col. McComb has written here announcing
his readiness to appear with his books and
papers at the time set, Thursday next. He
states that none Of his papers, letters, books,
ETC., are missing, and that he viii, for his
part, tell all he knows. The New York
Sun list, lie says, was not necessarily list of
those who had been seen, but, ON the contra
ry, it was list of those who were to be APP
preached. Judge Black will be here also. The
investigation now promises to be lively.
GATHERINGS.
The Senate has indefinitely postponed one
railroad land bill, and others will share the
same fate, as ii is a growing opinion that no
more public lands should be voted to corpora
lions. $50
The New York Times correspondent in no
ticing the Ottawa University Trust contro-
versy which has again come up in Washing
ton, says the report of the Secretary OF the
Interior declares that the college lands and
property, part of which comes from the
Ottawa Indians, have by the Trustees been
turned to extravagant and fraudulent uses.
The Baptist Home Mission Society and the
representatives of these Indians appear
against the trustees. The Times adds that
lit is proper to remark in this connection
that Rev. l. S. Kallock, who was one of the
most active in the diversion of this trust,
and who is rumored to have made good
deal of money out OF it, is named as can
ddate for the United States Senate
1t is denied that Secretary Delano goes to
Cuba on a political mission. The delicate
state of his health renders it necessary.
The case of the Tenth National Bank
of New York city, owned and run by Jay
Gould and the other stock gamblers, is
again up before the Banking Committee for
its recent action in locking up greenbacks
and other movements to create a corner to
the injury of legitimate business. 1t is be-
lieved that the charter of the bank will be
revoked.
The Banking Committee has under con-
sideration a bill directing bank officers TO
plainly stamp as counterfeit all spurious notes
which come into their possession.
The appointment of Mr.. Carew rs United
States Attorney for Utah is considered to be
blow at Mormonisn /. or