The Portland daily press., 1874-07-24
WASHINGTON.
The Balance cf the Five Per Gent
Loan.

The Balance Cf the Five Per Gent
Loan.
WAsHINGToN July 23-A large number of
proposals for the whole of the balance of $l79-
100000 or any part thereof of the five per cent
bonds were opeued at the Treasury Department
at noon to day by Secretary Brstow and Assist
ant Secretaries Conant and dartly. Precisely
at one O'clock the doors of the Secretarv's
office were locked and every one excluded ex-
cept his private secretary General Bristow
states that he has received number Of be-
quests from bidders that no publication be made
of their offers, and in respect to their wishes he
will not give publicity to them until the awards
shall have been made, which will be tomorrow
probably.
The Secretary will leave here tonight for
Long Branch, where he will have a consultation
with the PreslGent upon the subject.
The Geneva Commission.
The Geneva Court of Commissioners met
this morning aud proceeded to the considera-
tiou of the rules to govern the proceedings be-
fore that body.
Treasury Balances.
The following are the Treasury balances to-
day:-Currency, 1926 COL; special deposit of
legal tenders for redemption OF certificates of
deposit, S61 900; coin, 500 934 469 Including
coin certificates SS2, 500; outstanding legal
tenders, $3o2,0000OU.
An Appeal.
10 the case of Richards VS.. Collector Arthur,
recently decided iL New York, regarding the
value of the F.encb franc, Judge Shipman
having decided in favor of the importers. an
appeal will be taken to the Supreme Court of
the Uuited States. Treasury Department and
other suits, invoicing the same questions are
pepdDs The whole amount involved is about
$2J0000
of Importance 10 Mariners.
The following statement is made by the
United States coast survey:
On the afternoon of July 10Th, Acting Mas
tar plaf in th.,
off the coast Sf New Jersey, passed large
SPAR which seemed to project from suuken
vessel. Barnegat light house was northwest
about nine miles, and the depth of water thir-
zen fathoms The spar, if yet in that place is
dangerous 10 navigation.
The per cent Fanded Loan.
The Secretary of the Treasury received pro-
posais until noVn to day for the balance of the
B per cent. funded loan. 1t is announced that
the aggregate amo INT of formal bids IS S76.-
100000, part of which includes an option OF six
months for the whole S179 600 00O 1t is also
known that besides the formal bids the Srcre-
tary received Il large number of applications
for direct purchase of the bonds at par, the pur-
chasers to pay gold and take the bonds at once.
10 these applications the secretary hes replied
that under the eXisti3g law he was not au-
thorized to make such sales for tie reason that
he is forbidden bp the act to increase the noud-
ed debt aud he cannot call in the per cent
bonds without giving three months public no
tIce.
The Quarrel Between Rristow and Spin.
New YORK; July 90 The Tribune special
from Washington says that the Secretary of
the Treasury and General Spi iuer are equally
in earnest and determined to carry their points
in the m tier of civil service reform in the
Ire easury Department. One of the appoin l.
ments recommended by Spinner is Mrs Dr.
Mary Walker whom the Secretary positively
refuses to appoint.