The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1874-07-11
WASHINGTON.
The District Burglary,

WASHINGTON, July 1O.-Attorney General
Williams has instructed A. G. Riddle, who was
designated a few days ago to prosecute bur diary
eases without fear, favor or affection, and sum
mon every one who can throw any light upon
the subject. Ii Is the intention of the Attorney
General to have these cases thoroughly sifIed
IN the courts and bring all the offenders to ius-
tce.
Explanation of the New Currency Law
and Regulations Under H.
Mr.. Graves, Superintendent of the national
bank of redemption agency in the Treasury
Department, gives the following additional in
formation of the regulation governing the re-
dempton of national bank notes:
Under that portion of section third, requiring
every association to keep on deposit in the
Treasury of the United States lawful money a
sum equal to i've per cent. OF its circulation fer
redemption of SUCH circulation, any person is
permitted to send bank notes, assorted or TN
assorted, and of any national banks whatever,
to be sent in sums of $1,000 or multiple there
for, which returns are to be made in new lsgal
tender notes under the contract. The expenses
OF expressage and for asserting the notes will
be charged to the banks by which the notes
were issued, and not by those to which deliver
ed, I'D proportion to the circulation redeemed.
The notes redeemed will be assorted among
the 200 national banks OF the United States in
the following manner: Asserting tables, with
hlty-two tills the size of the ties, will be pro-
Vlded. The 1000 banks will be divided into fif
W sections of about forty banks each arranged
alphabetically. The notes will he twice assort-
ed among the banks in the forty sections. The
notes til for circulation, it is found, constitute
a very small portion of the total received. thus
Tar about one tenth. These notes. after assort-
ment, will be returned to the banks which is
sued them Those unfit for circulation will be
forwarded to the Comptroller of the Currency,
who Will furnish new notes, the banks being re-
CURED 10 make good the amount charged to
the hive per cent. fund for the redemption of
the notes
The redemption of national bank notes is
now as free as legal tenders, except that they
must be sent in la.ge sums
The Superintendent states that under the five
per cent fund of the new bill the redemption
agencies are in receipt or have ir process of
collection, about S9,000,000 to date. The lar
ger portion comes in legal tenders and the bal
ance in drafts on New York, Philadelphia and
Boston, payable in legal tender notes. The
daily receipts are about 100000.
District Reform.
The District Commissioners have issued an
official order in the interest of economy abol-
ishing all the offices of the late District Gov
eminent, and establishing the headquarters in
Columbia buildings. No advertising is here
after to be done except on the express direction
of the commissioners. Nearly all the horses,
carriages and harnesses belonging TO the Dis
trlct are to be sold; the number of property
yards reduced, the offices of eleven assessors
abolished, and various watchmen and employees
at the legislation ball discharged. All the cur
rent expenses shall be- paid on the first of ev ry
month. The Comptroller, Auditor and Treas
urer are constituted commission TO trensfer
all money, bonds and other securities in the
hands of the late Treasurer of the Board of
Public Works to gthe United States Treasury,
subject to the orders of the commissioners. Ali
contracts hereafter given out shall be awarded
to the lowest responsible bidder after due no.
tice by advertisement and the right reserved to
reject any or all bids.
Treasury Balances.
The following are the Treasury balances to-
day:-Currency,$ So, 437 $780, special deposit of
legal tenders for redemption of certificates of
deposit, S59, 735O00 coin, $40, 620, 1856, sucludng
coin certificates S31 ,64S, 600; outstanding legal
tenders, $685., 100000.