Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-11-15

| Bank circulation is now living idle in the
| Office of the Comptroller of the Currency,
for the reason, as the Comptroller says,
| parties in the West and South who are de-
| sirous of establishing banks or obtaining
! additional circulation, can not afford to
sink their limited amounts Of greenbacks by
| buying United States bonds to deposit as
security.
| pany.
Among the latest developments in the
| California and Texas Construction Compa-
| ny is the production of circular sent to
the stockholders shortly after Mr.. SCOTS
! return from Europe, and but a few days be
| fore the suspension of the concern. The
critical condition of the company was adj
mitted, but proposition was made to the
| stockholders to come to its relief and save
| their investment, and a tender of the fol-
lowing effect was made: First, they were to
pay up the residue of their subscription OF
| twelve hundred dollars on the basis of every
thousand. For this twenty-five hundred
| dollars they were to receive one thousand
dollars in land grant bonds, two thousand
| dollars in construction bonds, and twelve
| hundred dollars more in the capital stock
Of the Construction Company, making
| forty-two hundred dollars in securities for
| every twenty-five hundred. There were
| no responses, as the investors generally
had made up their minds that the seclIri-
ties would not be marketable for the pre-
sent.
One of the most intelligent, stockholders
says that he would not part with his stock,
as the seven millions of liabilities represent
the Whole and only debt of the railway
company, which has three hundred miles
| Of track, and half as much graded road,
which is worth fifteen million dollars, in
elusive of the land grant. He thinks Mr..
Scott got to Europe too late, and had too
much confidence in himself when he at
tempted to negotiate his bonds at the high
figure of ninety cents.
The Speakership and Committees.
Some of the Democratic members of
Congress are sending out correspondence to
propose that after complimentary vote is
cast for their caucus nominee it be changed
just before counting the vote so as to give
Mr.. Blaine the unanimous support OF the
House, The reasons given for such awhiIn-
sicality are, that it would be something to
be Speaker in the present insOlvable con-
ditiOn of politics, and might reciprOcally
secure more equity in the making up OF
committees. The Committee of Appropri-
ations will be of the grayest Importance, as
the eXtravagant expenditures Of the last
Congress have made it difficult to keepsake
balances in the Treasury, with both i'm
ports and internal revenue falling off. MIR.
Garfield expected, twOyearS ago, to get the
WAYS and Means instead of the ApprOpria-
ton Committee, and temporary GOODNESS
sprang up between him and MIR. Blaine
thereabOut. Whether this will be to Gar
fields disadvantage in retaining his old
committee, is now discussed in view OF the
attacks made upon Garfield as to the Credit
Mobilier.
The whole action of Congress hinges up
on the composition of committees. and
every interest, whether of economy or eX-
penditure, is pressing for recognition in
| these minor halls of legislation. The alb
sence of 50 many members from Washing
| ton is partly due to the fact that many
members are caucusing these questions in
| New York out Of the way of newspaper
correspondents. The speculative interest
of the country has no hope Of revival eX-
cept by direct subsidy or through expansion,
| and hence the Washington hotel keepers
are hopeful, and says that 4 poor country
makes a full lobby. The Congressman
present, most of whom belong TO the riff
raft class, and arrive early because they have
more social position here than at home,
speak audaciOusly, however, and think that
| the remedy for the country is not less leg
| islation, but more. They are all deter
mined to relieve the country in some way,
| even if they have to make money to do ii.
| Tom Scott.
The railroad. from Richmond to the PO-
tomac. which Tom Scott has long sought to
| obtain and make one of the broken lines
| i'll his Southern line, paid cash dividend
to-day under its old management, while
| SCOTS new connection. which menaced it,
has been out of repair for a fortnight, and
| trains stopped. SCOTS embarrassment has
put his political friends in jeopardy. i'll
many of the Southern States: in particular,
Gilbert Walker, who had his support for
the Senate from Virginia. Senator Spencer.
of Alabama, who negotiated the lease OF
the Memphis and Charleston for Scott, is
in no better spirits.
The Surratt Controversy.
The local circles of Washington keep up
the controversy over the Andrew Johnson
and Joe Holt quarrel as to which prevented
the Communication of Mrs. SuITatt's sentence.
Opinion is about even. Holt says that if
he had kept back such an important paper
from the Chief Magistrate, he ought to have
been cotIrt-martialed; but Mr.. johnson con-
tiuued friendly relations with him to the
end Of his term, although for three years
the press was circulating this story. The
omission of the application for reprieve
from Benn Pitman's report proves nothing,
as that was not an official document, but a
mercantile venture; and, besides, as only
four members of the couIt-martial signed it,
it was not the act of the commission, and
was merely codicil to the trial. Mr. Holt
says that his office being the custodian OF
the cOurt-martial records, he brought the
whole folio back as he saw it to-day; while
meantime, Gen. Townsend wrote the order
for the execution and delivered it to Gen.
Hancock Mr.. Hollis silence for eight years
was imposed upon him by Secretary Stan
ton, who said: ''Go into no discussion Of
the subject, but leave it to the judgment OF
time.n At that time, Mr.. Holt says, Stan
ton was in accord with johnson, aud did
not wish the latter embarrassed in political
popularity with the Catholic element, and
therefore neither had the generosity t.
speak for him nor to let him speak. Holt
saws that johnson and himself talked oyel
all the points for Mrs. Surratt, and that
Johnson showed no feeling: and wheT
Anna SUrratt was waiting in the lower part
of the White House, the President made
the remark that he might be induced topaz
don the mother if somebody would TAXI
that girl away.
The appearance of ex-senator Harlan a:
a champion Of Mr.. JOhnsOn's side of The
fight, is said to be due to the fact that Har-
Ian favors Justice Miller for Chief Justice
and Holt is one man in the way.
MEDICAL,
American Public Health Association
| VnpK Nov II Tho final session