The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1874-10-23
MISCELLANEOUS.

Twenty months is the period set for
the completion Of the Cincinnati and Chatta-
nooga railroad.
Ex-senator Catte1I, who has been an
pointed special treasury agent to negotiate
the new loan, will be assigned to duty in Lon
don.
The October returns of the depart
ment of agriculture indicate the average con
dition Of the cotton crop as Sc per cent. against
SO per cent IN September.
Treasurer Spinner decides that the
proceeds of national bank notes forwarded in
good faith for redemption will, if desired, be
credited to the 5 per cent. When calls are
made upon the national banks to reimburse
the treasurer for their notes redeemed, legal
notes or drafts payable in such notes must be
sent.
It is ascertained on inquiry of the
United States arbitrator, of the commission
for the adjudication of claims of American
citizens for damages resulting from the pres
ent rebellion in Cuba, that at least twelve
cases, with proofs, have been presented, and
the commission only awaits the preparation of
briefs before formally considering them
The notice heretofore given by Secre-
move one of any two of family in the employ
of the treasury, was in partial measure put
into execution to-day by notifications sent to
twenty-five clerks that their services would be
no longer required after the 1st proximo. The
blow fell particularly heavy in Treasurer Spin
ner's bureau.
Congress will be asked for additional
legislation to place the treasury bank note re-
demption bureau in such condition as will en-
able it to meet all requirements without pos-
sibility of future suspension. 1t is consid-
cred, in official quarters, that deposit of five
per cent. of the reserves affords too slight
foundation for operations. Some banks
failed to deposit even that amount when the
bureau was established, and it was difficult to
induce them to comply with the law. The
amounts of worn aud mutilated notes for re-
demption daily received, are now compara-
lively small, but it is feared that if the bureau
should resume without due preparation, notes /
would be received il such accumulated quanti-
ties as to materially embarrass the business.
It is uncertain when redemption will be re-
sumed. .-au..rH
The acknowledgement will shortly
issue orders organizing a special agency |
branch of the postal service, limiting,it gener-
ally to the detection of frauds and to the in
structiOn Of pOstmasters in their duties, and |
to secure the prompt transaction of the money |
order business. He will, however, detail two |
or more special agents to look into the matter
OF the local expenses of postofices through
out the country, and ascertain why it is that
of the cost of running various !
large postofices of free deliver grade shows
that the percentage of expenses to receipts is
as high as sixty per cent, and in some cases as
low as twenty-five per cent. When this in
vestigsion is completed, it will be extended |
to all officers appointed by the president, or
all offices in which postmasters receive yearly
a compensation Of one thousand dollars and |
upwards. There is to be extensive removals
of pOstmasters in Texas but those of Calves
ton and Houston will be requested to resign,
not on account CT anything wrong in connee-
tion with their official duties, but on the
grounds implying disreputablo conduct out
side OF them and their unpopularity with
citizens. The postmaster-general desires the
appointment of such officers as viii secure
his and the public confidence for efficiency
and integrity.