Iowa voter. [volume] (Knoxville, Iowa) 1867-1874, 1873-10-09
General News Summary.


Washington News.
A Washington dispatch Of the 25th says
that the President had returned to that city
permanently. AT a consultation held between
the President, the Secretary OF the Treasury
and the Attorney General, the latter officer
held that the bonds Of 1874 could not be
redeemed legally before maturity. IT was
therefore decided that the Treasury could take
no further steps 10 relieve the New YORK
market. except as II was affected by the
regular transactions Of the department. DIR.
Luidermap, the Director Of the Bureau OF the
Mint. had predicted that the effect OF the stock
panic would be to hasten the resumption Of
specie payments. He said that within month,
II was his belief that silver and gold coin
would be a medium Of circulation at currency
rates. In anticipation Of this result he had
ordered the minis TO largely increase the coin
age, and stated that more bullion would be
coined during the next three months than at
any previous time In the same period. Sccre-
tary Richardson had stated that 1t would be
good policy for all the banks TO suspend fur
ther currency payments 1t was rumorcd In
Washington, on the 25th, that the President
had been advised TO call an extra session OF
Congress.
A Washington telegram OF the 26th says that
The President had rendered the Office OF Chief
Justice TO Senator Conkling, Of New York,
and that he will accept.
A Washington dispatch Of the 26th says the
Mixed Commission on British and American
claims had made its final award, and concluded
It's business one day In advance OF the time
fixed by the treaty. In brief, the result OF the
inquiry had been, that the United States Gov
eminent pays to the English sufferers by our
late war two per cent. Of their claims, amount
ing to sl,929,sl9 while American claims
against England had been all disalowed.
A dispatch from Washington Of the 26th
saws that the liabilities Of the First National
Bank OF that city are about 81 100000, OF
which 100000 Is due other National Banks.
u assets are not given.
A Washington dispatch OF the 2Sth says
the President had expressed his determination
TO recommend TO Congress the adoption of n
system Of free banking. The Secretary Of the
Treasury had ordered the anticipation Of the
payment of the November interest The
following letter had been sent by the President
TO the parties namcd
EXECUTIVE MANSION, Sept. ~, 1873.
Mcssrs II. b. ClaHin and Charles J.. Anthony:
GENTLEMEN: In response TO the views you have
communicated as TO the using by the President Of
currency to restore confidence and legitimate trade
and commerce, have The honor to communicate
the following The Government IL DESTROYS Of doing
all Ia its power 10 relieve the present unsettled con
diiion Of business affairs, which II holding back
the immense resources Of the country now await
Ing transportation TO the reaboard and u market.
Confidence on the part of the people IL the first
thing needed to relieve this condition and avert the
threatened destruction OF bnsness, with its accom-
panying disasters, to all classes OF people. To re-
establish this feeling the Government ~ willing TO
take all legal measures at It's command, but II IL
evident that no urgent efforts will avail
without the active cooperation OF the
ssns and with 0H'S zee SISS5sn' Already Ss sy
paid out In the purchase Of government indebted
ness and the withdrawal Of large deposits from
the Treasury, the banks strong enough 10 adopt
liberal policy on their part, and by general sys-
TEN Of discounts TO sustain the business interests
Of the country. should such course be pursued
thc $44,0O00D0 OF reserve will be considered
money In the Treasury TO meet the demand OF
public necessity us the circumstances Of the coun
try may require. Close attention will be given 10
the course pursued by those who have the means
nj their command Of rendering all aid necessary to
restore trade 10 is proper channels and condition
With view Of strengthening those who carry out
the measures above Indicated orders have already
been issued for the prepayment OF Interest accru
ing In November. U. y. GRANT, President
A Washington dispatch OF the Goth says that
the depositors Of the First National Bank OF
that city would not receive TO exceed fifty per
cent. OF their deposits.
A Washington dispatch OF the 30th says that
tits the expectation Of the Treasury Department
that the importation Of sovereigns from En-
gland will reach siOOOO,OOO. A large depositor
with Jay Cooke IL Co. had commenced proceed
ings in bankruptcy against the Washington
branch Of that concern.
Il. n "A. - lI..t n
amount OF United States currency outstanding
on the Both was Si02, s23, 039
Washington dispatches of the LIST say the
Attorney General had no official information
regarding complications In Mississippi, but
anticipated repetition of the contest In Lou
isiana. While taking no part In the contro-
ycrsy between the Ames and Alcorn party, he
was assured that the result must be either the
establishment Of two factions, each claiming
to be the State Government, between which
Congress and the General Government would
be Obliged TO decide, or the continuance OF q
State Government beyond the time for which
It Is elected, and such continuance involves
the election Of members of Congress and other
similar questions, upon which the Government
would finally be obliged TO pass.
The public debt statement for October Is
NJ follows:
Six per cent. bonds. 81 235 900 zoo
Five per cent. bonds. AS, 567, 800
Total coin bonds. .............. 81 ,7,3, 567 800
lawful money debt ..........,....... S14,B7S 900
Aatured debt ACKNOWLEDGEMENTS. 1876, 100
Legal tender notes. $50, 019 TAP
Certificates OF deposit. ............... 1t,250000
fractional currency. ID, 229 391
Coin certificates .,....,.............. 3,393, 5i5
-
Total without interest. ...........$ 447, 49a, 534
Total debt. 81, 20l 400, 164
Total interest. ...................$ 81, 0S3, SEA
fyash In Trensurv