The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-01

Bonds To Be Pought-Goid To
Be Sold.
THE BURST PETROLEUM RING.
MTSsIssrPPrs NIsFoRTUNES.

IN Cuba. 1he documents are vosuminous, bcginusag
win December. lsgo Tncy show much interest on
the part OF our government IN the matter and Ihat
not lille difficulty cxi-tet 20 determine wheiner
the Doctor was really citizen Of the United states.
our government nas asked Ior but has not yet re.
ceived copy OF the proceedings q the court
martial before whIca Howard was tried. The
spanish Minister here says information
received from cuba, that Howard dii not there
enrol himself foreigner required
by the law OF 1874 There are, however other
papers tending 10 show his American Citizenship.
II IL evident that the Secretary OF STATE n
lirely clear ON that point lie has, however, IN.
sifucied our Charge dAraircs At Madrid TO bring
this case to the attention OF the spanish govern.
ment and to point out the Tact that Howard "A q
native ciuzen OF The United states. ana to remoa-
strate against the proceedings OF the spanish au-
thorites In Cuba IN his case as violation OF the
provisions OF the treaty OF 1895. between the United
States ana spain, ana 10 ask for ms immediate re.
lease
Judge Davis Preparing Ills Retreat.
1t Is well understood among politicians that Judge
DAVIS will decline to Presidential candidate
II shall not be Endorsed BY the Cincinnati con.
ventiou.
4 Great Petroleum j oh Frustrated.
A Subcommittee OF the House Committee on
Commerce been examining into the
counts and purposes the South Improve
mcat Company, incorporated under law OF Penn
sylvania. The OBJECT was To combine all the petro-
leum relnerles In the country IN their scheme, and
they accordingly made written contracts with a
the railroads centring In the OIL regions
to raise the price Of freight 81 IS per barrel.
The South Improvement Company was to have a
rebate OF 81 per BARREL TIE production last year
was 100000 barrels ana n this arrangement had
gone INTO effect the tax upon consumers would
ha y Al ns un fcl rail- r0ud e.fn.
panies would have received si,5oooo. leaving the
South Improvement Company 81, 0oo,00). The sec.
rotary the company stated that all the contracts
with The railroad companies have been aoroyated
IN consequence ef the Investigation OF the subject
by Congress.
The Minister to spain.
1t is stated IN Official circles that when the present
leave OF absence oil our Minister 10 Spain shall
pire he VIII return to Madrid.
fractional Currency.
In reply to inquiry whether national banks are
compnlled TO receive more than So fractional cur
rencv deposit at any one time the United states
Treasurer states that fractional currency not being
legal tender Tor the payment Of private debts.
tIonal banks not designated repositories are not
required by law to receive II IN any amounts, nor
national bank repositories required TO receive
except when presented In payment OF dues
to the United States other than customs or Tor
fractional currency not deiaced mutla,ed In
payment OF all public dues less than IS. except
customs, IN accordance with the endorsement
printed each fractional note Under
the provisions OF Circular No. from the
Treasurers ONCE. national bank repositories are
required to redeem new notes currency ana
receive IN payment OF all currency dues 10 the
United States all deiaced and mutilated fractional
currency n0les IN whatever sums they mat
he presented, but whenever the amount OF
fractional currency presented for redemption az
any time by the same holders 10 a national
BANK depository equals exceeds So II Is optional
with the bank to either pay the Its full value
in money or give receipt conditional for such pay
ment when the proceeds OF the parcel shall have
been received from the Treasurer OF the United
states.
The Iuteroceanic Canal aoucs Commission.
The following Is the correspondence m regard TO
the appointment Of the Commission to consider and
report upoa the most practicable point at which To
connect the Atlantic and Pacific Oceans by water
communication across the American Islhmus:-
NEW ioRK. Feb. a. 1872.
The unitea States are deeply concerned IN all
movements aimed ut the creation oil or the de.
1ection OF ancient lines OF trailc and especially IA
those or the creation OF an interoceanc ship canal
across the American lsinnlus, al some point best
adapted 10 tue requirements OF her commerce ana
10 Inc commanding OF the trlae between Western
Europe ana Eastern ASIA
eyniorations nave neen made win ms ob,ecf ~
NV ana reooris WIN mans mans ana estim.tes
nj cost nave beer, made I'm rrcat deta and ara M
The nos,ess,on OF inc government ann viii donl,t.
less furnish an amount OF data SUFFICIENT 10 enable
q Just comparison or the relative advantages OF the
nronoseI routes and TO authorlze m nor can ior
such an lnvestlgatlOn.
Being, in common with their fellow cirzens OF the
Tinted States deeply Interested m the questions
involye the UNDERSIGNED nave the honor To cauest
thai The President viii constitute CominIssion 60
ne composed Oh ave distinguished officers OF nlgh
rauk-ylz tvs IRON the army two from the navy
and ore rom the Coast survey OF the United states
TO which may be referred the reports and nc.
campaigning maps and documents OIL the
several United states anu other surveys
and explorations OF the American lsthfnus,
and that the Commission may be requested
10 make careful ana complete analysis OF tue same
ana report whether or not sucn surveys aud ex-
poratlons determine the praclicabili,y construct
ing at reasonable cost, snip canal across the
american an nr y, r, ann 9r