Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1873-10-30
From Washington.
GEN. VAN BUREN,.

GEN. VAN BUREN,.
WASHINGTON, Oct. 30.
| Gen. Van Buren,, ex-Vienna commits
sioner, called upon the President and
Secretary Fish to-day to assure them he
had not spoken unexpectedly of them,
and says he is going to yindicate bis
| character.
PAYMENT OF SILVER COIN.
AS there appears to be some misap-
prehension on the part of the public in
relation to the purpose of the govern
ment in paying out silver coin the fol-
lowing explanation has been furnished
by the director of the mint In this, as
in other countries where gold is the sole
standard or measure of value, silver
coins are overvalued for the purpose of
rendering them exportable. They are
manufactured and issued on the govern
ment's account, low however, placing
directly or indirectly limit on the is
sue, to prevent redundancy. If issued
in times of specie payment beyond the
requirement of the public for change,
such coins will not maintain their pur-
chasing power with standard coins, ow-
ing to various causes. In this and other
counties, silver has declined in value to
point at which government can pur-
chase with gold, manufacture it into
small coin, and pay it out at fair pro-
ut. Government has recently purchas-
ed a quantity of silver bullion, sufficient
for its purposes, at 1922 cents per stand
ard ounce, and will manufacture it into
coin at fixed legal rates of 124 4-10 cts.
persounce. The difference between the
purchasing and issuing rate being within
the fraction of u cents per ounce, or
about 104 per cent. on the gold coin
paid in the purchase.
This operation is believed to be a
more profitable one for the Treasury and
also more advantageous to the public in
the present condition of the money mar
ket, than the sale of gold for legal tend
er notes, and Is not scheme for Tesump-
ton of specie payments but simply a
compliance with the mint laws. 4 dol
lar in United States currency will pur-
chase a little more gold in the mint than
a dollar of small silver coins. Dollars
will therefore soon find their level, and
unless there be a rise in both prices of
gold and silver, small CONS must circu-
late currently with paper money. The
Government has in the possession of the
Assistant Treasurers about $500, 900 in
silver coin, and at the minis and assay
offices, in silver bullion and coin, about
$4,000, 600. This stock is ample for
the present. This mode of paying out
silver coin will be continued until cir
cumstances shall dictate a contrary
course as proper. The Government
will exact full seignorage required by
law, but will not undertake to control
the disposition of coin after it is paid
out. Coin will then become the property
Of the holders, who may do what they
please with it. This course was not de-
cided upon until it had been fully con-
sidered by the Secretary of the Treas
uTy.
VILLAINS.
The United States Marshal of the
Eastern District of Texas reports to At
torney-General Williams that two color
ed men named the Wright brothers were
brutally murdered by a gangof white des-
pcradoes, headed by man named Roam,
who infest the line of the Galveston,
Harrisburg and San Antonio railroad.
Further trouble with the same gang is
anticipated
JUDGE wRIGHT's LETTERS EXPOSED.
The letters which Judge Wright has
caused to be printed in ST. Louis, reflect
ing upon the Attorney-General's office
and several connected with it, who are
engaged in the present suits against
Wright, are pronounced by Attorney
General Williams to be absolute forger-
les. He says Wright obtained some of
the department correspondence by brib-
cry and then forged the letters he now
has published, with the design to preju-
dice the public against those now acting
for the government in prosecuting
Wright.
PUBLIC BUILDINGS IN SMALL CITIES.
The report of Mr.. Mullett will take
strong ground against the practice of err
Getting public buildings in so many small
cities. At the last session such buildings
were authorized in various parts of the
country, but fortunately, by an over
sight, no appropriations were made for
quite a number Of them, and an effort
will be made to have the authority Civ
en- repealed. 1t is believed that all the
money congress ought to appropriate
for buildings during the. present session
win be required for those now in pro-
gress at the great bushes centerS of the
country.
Mr.. BLA1NE's ACCOUNT At JAY
....-.- COOKE 81 COS.
The Star gives the following explana-
ton of Speaker Blaine's deposit with
Jay Cooke and Co. Among the assets
of Jay Cooke & Co. an item of some
$50, 600 from Hon. j. G. Blaine is re-
ported We find on inquiry that the
amount due from Mr.. Blaine to the firm
is for money borrowed on long mort
gage in 1869, when he purchased his
residence on Fifteenth street in this city.
The mortgage is not mature until 1875,
and the amount is amply secured by the
value of his residence. -r---. 4. E.-.
.-.-ss. MISCELLANEOUS. -.
General Van Buren, is here settling his