The Portland daily press., 1873-10-13

and others to deposit in city banks, principally
| in New York, to make this money clear some
thing during the period they do not wish to use
| IT, Inc panks paying interest on the deposits
| cannot afford to let the money be idle hence
| the gambling in fancy stocks, millions of which
| as an investment would not support family
| even in most economical manner.
The building OF railroads that are not wanted
| and which cannot for years pay running expen-
SEES is such gambling and peculation which had,
| he trusted, received a blow from which he hoped
they would never recover The President said
unless his mind should undergo a change he
would recommend post office bank. This
would give an institution in which everybody
would have great confidence, and be within the
reach of every one who can approach money
order post Office He should recommend the
payment OF four per cent to depostors and the
conversions of deposits either into outstanding
United States bonds or into new four and half
per cent bonds and the taking of correspond
ing amount of these outstanding
The Chief Jusficeship.
The President having been asked question
in relation to the Chief Justiceship replied that
he had consulted with no one as to the situa-
ton, and he repeated what he had heretofore
said, namely: That in making the choice he
would look into the courts of the country at
large and therefore endeavor to make choice
which would be generally accepted, and fur
thermore, on the meeting of Congress, he would
nominate to the Senate successor to the late
Chief Justice who would not take his seat till
after confirmation The mention of first one
man and then another BY the newspapers were
mere speculation.
Post-ofice changes ordered during the week
ending Oct IL for Maine: Postmasters ap-
polnted-Chas. H. Woodbury., East Monmouth
kennebec county, Me; Chas A. Whiting, So.
Norridgewock, Somerset county, Me.
The forthcoming Department Reports.
New YORK, Oct ia Washington de.
spatch says the sum to be asked for by the
Navy Department for the next fiscal year will
be two or three millions less than last year
The Secretary of War in his report will urge
the necessity of strengthening and improving
the coast defences, which will REQUIRE a large
expenditure. He suggests no sum, but wilt
leave the question entirely with the committee
on appropriations. The aggregate amount of
estimates is about the same as last year.
The increase in the estimates of the Interior
Department over last year will be 81 851 ,0OO of
wbicn s. 10000 will be required for Indian
service.
Postmaster General Cresswell will again urge
upon Congress the postal telegraph system.
The Commissioner of Pensions will ask for
half amillion less than last year.
The Examination of Capt. Buddington,
NEw YORK, Oct. pa Washington des-
patch says that the examination of Capt Bud
dington lasted five hours and related particu-
larry to his relations with Capt Hail. he de-
clarlng there was not the slightest foundation
for the report of difference between him and
Hail. His judgment about proceeding beyond
the point reached, 50 degrees 16 minutes, was
based entirely upon his experience as navi-
gator in Arctic waters, and not from fear of
danger or aversion to prosecute the Journey
while there might have been the appearance of
an open channel. The weather in the Northern
latitude was uncertain no man dare risk a
vessel in higher latitude with the Arctic win
ter approaching
In reply to an inquiry as to his personal con-
duct, Buddington said he had been accustomed
to taking dram occasionally, but denied ever
| having drank enough to incapacitate him for
duty or make him unfit for the position OF nav
igator in dangerous waters The separation of
the Tyson party Was more seriously regretted
by those on the Polaris than possibly could
have been by the ice foe party. So certain was
he that the vessel would have to be abandoned
that he had made preparations to cast over ev-
erything of value and importance to the crew,
when the wind suddenly changed and listed the
Polaris into almost an opposite position, snap
ping the hawsers and increasing the danger of
tba