The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-23
A New Currency Bill Intro
duced in the House.
THE TAX ON TEA AND COFFEE.
Important Naval Changes in Prospect-New
Banks Authorized-The British and Ameri-
can Observation-Disclosures of
Comptroller Of the Currency.


OF Senator Scott to obtain consideration of the
House bill for the repeal Of the duty on tea and
coffee, the absence of Mr. Sherman, Chairman Of
the Finance Committee being the excuse for this
action. good deal OF feeling prevails here on
account OF this delay, and the administration
Senators are not slow to charge q
vicious spirit upon the democrats and recalctrant
republicans by their concerted action on the
measure. Business men complain loudly OF the de-
lays, and while, not caring what action the Senate
may take, are anxious that action may be taken
one way or the other, that trade may not longer
be delayed by the uncertainty at present existing.
An Act to Prevent Contraction and Elk
pansion i'm tho Money Market.
Mr. Wood, OF New York, introduced in the House
today the following BILL
money market and to give elasticity to he currency.
s a Of as
Of the coin hand in tho Treasury the passage this
sss n man ,SS$sanS dollars rSs;
&C.
Be sGs
% Of Hs @
conditions and stipuations hereinafter statedIyz to
i,ssa a Chicago sSn Millions; legal ten
sos BOSTON,
two millions; legal tender notes two millions
aforesaid to make loans of the legal tender notes to be
Ser e Rs s pledge Of the Of he
value Of is ssn q s
eight per cent per snnam " and to loan ess ' of
's9 and at all .s 'as s
apply for the same on tho pledge Of the bonds Of the
%
o s o make yae OF Snd Legal
more than twelve per centum the Assistant Treasurer
sFS hs Secretary Of the authorized
necessary to this act not Inconsistent with its pro-
toElere viii This act are hereby repealed, : ' w. "
SEC 5.-Ths act shall take effect Immediately.
The British and American Mixed Com
mission
met to-day, and, with the exception of extending
the time for taking testimony in one or two cases,
no business was done, and the Commission ad
journed until tomorrow Mr.. Quincy, the British
Commissioner, will leave this country on Saturday
and will resume his duties in the House of Com
mons, but will return to this country about Sep
tember Mr.. Quincy called on the President to-day
and paid his parting respects,
New Banks Authorized.
The Comptroller OF the Currency to-day
authorized the establishment OF the following
banks Indiana National Bank, Lafayette Ind,
capital 100000; Merchants National Bank
Holly, Mich, capital $4,000; First National Bank
Trenton, Mo-, capital $4,000; and the Miners Ma
tional Bank Broodwood, H., capital $4,000.
Lobbyists on the Floor Of the House.
resolution charging the scope OF the word
'claim' as applied to ex-members in the rule CIV
ing the privilege OF the floor to such as are not
pressing claims before Congress, so as to include
members engaged in any legislation, either for
themselves or representing Others, was reported
from the Committee on Rules to-day This proved
an unexpected shot TO those members whose atten-
ton has not been called to this growing evil, and
time was asked and obtained for its consideration.
Contemplated Naval Changes.
The Secretary of the Navy has under considera-
ton the adoption of the plan carried out by the
English navy, of assigning Vice Admiral Rowan to
the position Of Port Admiral OF New York, with
Rear Admiral on the retired list as commandment of
the Brooklyn Navy Yard.
Naval Order.
Chief Engineer A. W. Fitch has been ordered to
the Lackawanna.
Rear Admiral Alden Heard From.
The Navy Department has a letter from Rear
Admiral James Alden, commanding the European
feet, dated Toulon, France, April 2. The following
vessels OF that feet were then at TOulon THE
Wabash, Brooklyn, Shenandoah, Plymouth and Wa
chusett The Juniata was at villa Franche prepar
ing to return home. The Congress arrived at Glib
raltar on the Sd OF March, and had been ordered to
proceed to Toulon.
The Japanese Invasion.
The rich Japanese Daimio who has arrived, with
his wife, at San Francisco will reside In this city,
and 1t is said that number OF married ladies from
Japan will arrive by the next steamer.
SILK Ncckties Not Ready Made Clothing.
The decision OF Judge Woodruff, of New York, to
the effect that silk necktes are not ready made
clo wit in fba of tor Int
only articles of mems wear and are liable to duty
OF thirty-fve instead OF sixty per cent al uaorem,
Is receiving the consideration Of the Treas
ury Department as to whether the dec
sion shall be acquiesced In or an appeal
taken to the Supreme Court. The amount
of involved is large that an appeal will
probably be taken.
The May Interest
on the public debt will be paid on and after the
oath instant without rebate.
Nomination by the President.
The President to-day nominated to the Senate
John Jay Knox as Comptroller of the Currency.
The House Contested Election Case
Decided.
The contested election case OF Gooding VS.. Nell
son was decided by the House, to-day, in favor Of
the latter.
Duty ON Building Material for Chicago.
The Treasury Department has decided that build
ing material for Chicago imported prior to passage
Of the Chicago Relief act not entitled to a re-
fund OF duties.
The Indian Territory Difficulty.
telegram from Secretary Delano to the Presi-
dent to-day, dated Muskogu, in which he states the
urgent necessity for District Court In the Indian
Territory.
PREPARING FOR THE ELECTIONS.
The Committee OF Seventy Sending De-
legatcs TO Albany to Have Justice Done