Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-09-26
WASHINGTON.
Richardson Decides to Sell no More
Bonds.
Will not Use the Reserves Except for
Absolute Needs of Government.
Expected Cabinet Council To-Day.

WASHINGTON, Sept. pa conference
between ithe Attorney General and the
Secretary of the Treasury to-day lasted
nearly two hours. There vas full and
complete exchange of views on the prevail
ing financial troubles Gnd the propriety of
further action by the government. 1t
seems certain that a determination was
reached and concurred in by all present
that the government shall not use any pol-
ton OF the legal tender reserved for the
purchase Of additional bonds, although this
reserve may be temporarily encrOached up
on for the absolute wants ofthe government,
but then not 10 any great extent, and not
with any view to infste the currency, as
the Secretary is even forced by circumstan.
stances to put cut any portion OF the legal
tenders beyond the $50 100000, will as be
did ia the first two or three months of his
administration reduce the amount to that
standard again at the earliest and most
practicable time. The present understanding
is that the department believes it hiss helped
the banks as fast as the public service and
consistency will admit, so that a. present
there is no intention of issuriDg additional
instructions for bond purchases.
RumOr Denied.
Rumors have reached Washington from
the South as well as New York and other
PAGES, thst the Secretary of the Treasury
has advised temporary suspension of all
the banks, but there is not the slightest in
dicstion that such policy has been or will
be advised. Secretary Richardson asserts
that further than helping the banks by the
bond purchases which have been made, be
has nothing to advise, and only looks to the
interests of the Government. The situa-
ton so far as the Government is concerned
is unchanged since the close of business
yesterday, when the purchase of bonds
was stopped.
Expected Cabinet Meeting.
The arrival of the President tonight may
result in additional instructions, but this at
present is merely problemaLical. The usual
Cabinet meeting tomorrow will have fnan-
cial matters for general consideration and
action By the heads Of the Government De-
partment. Intense Interest is felt in the re-
suit, and DO officials here have any idea that
there will be called session OF Congress,
with q view TO relieve financial difficulties.
Chances for a DueI In Virginia.
Special to The Cincinnati Commercial.
WASHINGTON, Sept. 23.-Inteligence
from Southwestern VlrgiIis is to the effect
that chance for another duel is about to
be afforded. 1t seems that Col. Hughes,
the Republican candidate for Governor, de-
nies that he was secessionist prior to the
war, and that the ex guerrilla, Col. Mosby,
who is strongly opposed TO Hughes, took
upon himself the tack of proving that
Hughes wss a secessionist. Mosby, it is
said, has within reach certain letters and
other evidence showing that Hughes was a
secessionist, which letters, etc, he will pro-
duce if necessary. The ex-guerrilla chief
remarked t6an acquaintance a day or two
ago that he had proof that Hughes was a
secessionist, and that "If he (Hughes) de-
MES it, he is damned liar, and l am re-
s0Onsibe for Whist l say" A card con-
tanning the strong language above quoted
will probably be printed 10 Richmond pa
per tomorrow. Should the statements re-
cetved here regarding the character Of the
unpleasantness between MOsby and Hughes
prove to be well founded, it is believed, by
persons who know both parties, that an
"affair of honor viii certainly grow out Of
it. They are both said to be fighting men,
and a challange TO fight would be accepted
by either.