The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-11-29
WASHINGTON.

WASHINGTON, Now oS.-The Star saws: Some
ten days since, by direction OF the President q
tslesram was sent to Kenneth Il. Cobb, internal
Revenue Supervisor, notifying him that his resig
nation was required. Mr. Cobb arrived in Wash
lngton yesterday for the purpose Of securing his
retention in Office. but the President informed
him that he had made mp his nina to make a
change, and 1t must be Mede
Mr.. Cobb's district comprises the States Of
Kentucky, tennessee, Mississippi. Alabama and
Louisiana. Mr.. Cobb had not rendered his re-
siRnation mp to haii-past two O'Clock this after
noon.
WASHINGTON, Nov. 2S-The annual report Of
Hon. John Jay Knox, Comptrole, OF the Cur
rcncy, has been made public. Among other sub
jects dwelt upon therein is that Of redemption.
The h,pe is expressed that the present system
OF exchanging notes for Lew paper notes will not
long hence be superseded by true system OF re-
demptlOn, namely:
\ payment on demand of national bank notes
in coin or in its representative, payable in coin
during the year ending November l. 1874.
National banks nave been organized with an
authorized capital OF sc, 500. Circulation has
been Issued amounting to 81, 9l7 ,316 aud during
the same year has been Withdrawn and destroyed
s2,24l ,013, showing an actual increase OF national
bank circulation curing the year Of 1870 97.
The total circulation outstanding at that time
was $751; ,9Z7 ZIG. leaving s2O72, 754 yet to be is
sued OF the who amount authorized. Since the
the passage OF the act OF June TO- 1874, forty.six
National banks have been organized with cap
tal Of "A, l19, 600, to which circulation has been
issued amounting to sl,S42,G50, and the total
amount issued to all national banks since June
20, 1874, is $780, $50.
The amount OF taxes paid into the Treasury OF
the United States by the National Banks. during
the year andlng July /, 1874, was 81, US3 S97, Of
which So. AGA, O0J was derived from circulation.
The Comptroller recommends the repeal OF the
two cent stamp taX and il not repealed that the
act shall be amended and such penalty pro-
vided as shall tend to prevent evaslons of the
present law.
He repeats his statement Of last year that there
is no present necessity 10y the engraving OF all
| new designs tor the National Bank notes. Ee also
recommends an appropriation ct 5000 for The
redemption OF unsigned notes Of National banks,
which were purlomed from the Treasury in 1867.
ten. Iaioy. who succeeds Col. Hunt as col
lector fol- the Fourth Texas District, fled his
bond. received his commission and departed for
the scene OF duty.
Major Callahan lost his place as Special Post
Office Agent for ioaning his official railway pass.
strong eff 1T is bearing on Mr.. Jewell for his
reinstatement
OchiItree, Hall, Hunt, Whttlesey and ether
| ousted parties have animated u deter mination
TO fight for their Places before the Senate. IL
will be lively.
Involved in the n.uGtEe is The expulsion of
Senator Flanagan.
Col. J. Fl. BahCr. Of the Galveston NpJcply,
who has been here for the past week, reports the
late changes as meeting tbs appreciation of ali
parties.
LATER. /. may bc stated absolutely hat jew
ell will not reconsider Callahan's Dismissal He
leaves for Texas to close his affairs.
WASHINGTON, Nov 28.-James Russell Lowell
has declined the mission to Russia.