The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-14


to be permitted TO retain his seat IN the Senate.
Then followed Senator Acorn in advocacy OF his
resolution TO expel Caldwell. He made strong
argument in favor oil his proposition, but the
Senate was wearied with the subject and did not
pay much attention. He concluded at four O'Clock,
when an executive session was ordered on the last
nominations sent in.
Assistan nat Secretary Richardson's Position
on the Question of Currency Expan-
sion.
The statement made in these dispatches that
Assistant Secretary Richardson is not in favor Of
expansion was verified to-day by the recall OF
$4,000 Of legal tenders, reducing the outstanding
circulation to 1857 oos 450, and the announcement
also that the minimum fixed by law would be OBJ
served; and the opinion OF the Senate Finance
Committee that the Treasury Department has no
authority to issue any portion OF the $44, 900 900,
excepting so far as the business of the Treas
ury Department VIII permit. Now it sometimes
happens-in fact has been common occurrence
for years past-that the outstanding legal tenders
have been in excess of what Senator Sherman and
his followers say the law authorizes. Because the
currency balance is large does not imply that it
consists OF greenbacks. And it is matter OF rec
ord that when this balance at one time amounted
to over five millions 1t was necessary, for the re-
dempticn of large lot of fractional currency, to
currency SHAH be redeemed in legal tenders, but the
increase was only temporary, for the following day
like amount Of new fractional currency was
issued to the Treasurer and the greenbacks re-
called. This is what ls called at the Department
'or business purposes only, and not for the relief
OF the money market" 1t is this that has
increased the outstanding circulation. Specu-
latOrs have taken advantage of the fact that the
daily reports show an increase, without regard tot
real use. Mr.. Richardson recognizes the impOr-
lance OF giving the public all information concern
ing financial matters, SO that in future the legal
tender circulation will be reported the same as the
currency balance will be a very extraordinary
emergency that will induce the Acting Secretary to
expand for the relief OF the market. He believes,
with the President that the only way to make bad
legislation disagreeable is by enforcing 1t. The
Senate Finance Committee made issue with the
Treasury Department for increasing the green
back circulation last Fan. and il any hardship
should follow from strict observance of the views
expressed in the resolution of the Senate it will
not be the fault Of the Treasury Department. How
the money is to be husbanded and the policy of the
Department kept secret remains to be seen.
oHlce-seekers Mourning the Absence Of
the President.
A mournful crowd Of ofllce-seekers haunted the
rooms OF the White House to-day and would not be
comfOrted because the President had gone to Phila
delphia The messengers elevated their soes
(boot sOles, OF course) on high, read the admins
traton papers, and, in reply to numerous inquiries
why the Executive had gone to the City Of Broth
erly Love, said they didn't know. II was easy for
one intimate with the coming in and gong out OF
the President to answer the question. The incense
from the kitchen OF the Union League alone could
not allure such distinguished party. There were
some who thought he had gone to avoid
importunate beggars for the oflice OF Assistant
Secretary. He Will return tomorrow morning,
plead business engagements until noon, spend
couple Of hours with his constitutional advisers,
drive out in the afternoon, while tho same hungry
horde yawn on the green reps In the antechamber,
wondering why the President is inaccessible.
The Height of RObeson's Ambition.
The Secretary or the Navy was interviewed to-day
by squad of personal friends for position under
HIM at Berlin Mr.. Robson said that the only
foreign country he had any ambition to visit now
New Jersey. and he was confident he would,
before long, enjoy that privilege.
A Hint for VfrtuOus Congressman.
The First Comptroller OF the Treasury Depart
ment, who is authority all matters per-
tanning to Uncle Sans money box, says that
if members of Congress who do not wish to receive
their increased pay will buy bonds and present
them to the government they will contribute that
much toward the reduction OF the public debt.
Otherwise the refusal to receive the money will
not benefit anybody, as it will remain in the Trea-
sury among other funds not specifically appro-
priated.
A Serious ARRAY in Florida.
The Attorney General received the following
telegram from II. O. Whitley, Chief Of the United
States Secret Service, from Jacksonville, Fla, to-
day "a serious ARRAY at Lake City, Fla. Post
nd ntv ofii
making all Investigations in connection with Dis
trict Attorney, United states Marshal and Com
missioner Ringleadcrs arrested viii report in
few days.
Parson Newman Ia Look up Signs OF
the Coming Millennium.
The appointment of Reverend j. =. Newman as
Inspector of Consulates was surprise to the pious
people OF Washington. IL is reported to-day, how
ever, that the Senate chaplain inspired the milleB-
mum passages in the Presidents late Inaugural,
and will journey round the world to see If any pro-
gress can be made during the next four years
towards Americanizing the Asiatic and European
nations, improving Africa and converting South
America
A Sweet Boon for Boutwell,.
Mr.. Boutwell, was to-day the recipient of mag.
nincent basket OF flowers, sent to him by the men,
bers of the Texas delegation in Congress and other
Texans now in this city,
Cadet Midshipmen at Large.
The President has designated for appointment as
Cadet Midshpmen at Large Marion A. Vinton, OF
Connecticut. son Of the late colonel D. ii. Vinton.
United States Army; Frank Croker, OF Iowa, son
OF the late Brigadier General of Volunteers; Nj. M.
Crocker, formerly OF Des Moines, Iowa; Philip V.
Lansdale, son of Medical Inspector r. Lansdale,
United States Navy; Horace p Griffith, District OF
Columbia, stepson OF Franklin A. stratton. for
merry Brevet Breadier General Of Volunteers;
Alexander wadsworth, of Massachusetts, grandson
OF the late Commodore A. r. Wadsworth, United
States Navy; Lawrence F. Bfaine, son of Com.
mander ID. L. Braine, United States Navy: William
Garfield, District Of Columbia, and Cornelius C.
Fouke, California.
Important TO Owners Of steam Tugs.
IL has been decided by the Treasury Department