The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-06-29

WASHINGTON, June IS, 1874
sales of Gold for July.

WASHINGTON, June rs, 1874
Sales Of Gold for July
The Secretary OF the Treasury has Instructed the
Assistant Treasurer at New York TO sell slcoo'ooo'
OF gold on each Thursday during the menth OF
July. , n,>.
The public debt statement on the lst OF July VIII
show a slight decrease. The government VIII pay
So 900 gold ior the July interest.
Accumulated Executive Business Await
ing the Presidents Return-The Dis
trict of Columbia Triumvirate.
ON Tuesday or Wednesday, after the return OF
lhe President a Cabinet meeting Will be held 70
transact the business which has accumulated in
his absence. BY that time, 1t is supposed. the
Commissioners to govern the District OF CO.
lunnia until Congress snail provide permanent
form OF government, VIII have made up their
minds whether not they viii accept the posi-
tons. The Governor, the Secretary and the Board
OF Public Works having been legislated out of Office
the District is at present without responsible par
ties to conduct its executive affairs. Ex-Governor
Shepherd however, exercises an un-onicial over
sight OF the district property, and the superln-
tendent OF Police also gives his attention TO It's
preservation. The pubic generally do not feel
any inconvenience from the absence OF The Com
missoners although their presence is needed to
nav the interest on the District debt, due on the
lst OF July, and to pay the debts OF the late gov
eminent Congress having appropriated $1,000, 700
for these purposes
COMPTROLLER Knox the New Currency
The Comptroller OF currency has written the fol-
lowing letter, giving his construction Of the new
Currency act in reference 10 the reserve required
to be held by the national bankers
SRI have received your letter OF the cath inst.
Ny construction oil the act OF June 10TH 1874 IN
reference the reserves OF the national banks, Is,
that the reserve upon circulation Is abolished, but
that the national banks are required to keep a
reserve upon deposits as provided Ia sections 81
and 80 or the National Bank Act: certain proper
ton Of which must be Kept on hand, and certain
other proportion, with their reserve agents, In the
cities enumerated in the sections referred to. The
banks are also required to keep an amount equal
five per cent OF their circulation on deposit
with the Treasurer OF the United states which
amount may be deducted from the aggregate
amount OF the reserve required 10 be Kept upon
deposit.-very respectfully
Mr. Hale Accepts the Postmaster Gem
eralship.
Mr. Hale, by telegraph from Altoona Pa, on
Saturday, accepted the Postmaster Generalship
and Will be in Washington to qualify on the Isl Of
July.
The Quondam Civil Service Comm ission-
The term OF office OF the Commissioners OF the
CIV, Service Supervisory Board will expire with
the month OF June there being no appropriation
TO continue them in service beyond that time but
the Local Civil Service Board will remain as here.
to1ore.
Discharge OF Clerks from the Depart.
ments July 1.
The Treasury and other departments have held
meeting with reference TO the discharge OF clerks
and otheremployes, to take place on the list July.
The number to be discharged is about four hun
dred, one half OF them from the Bureau OF Printing.
Ali whose services viii thus be dispensed with are
to receive two months extra pay The civil force in
the War Department will be reduced one hundred.
There is a small increase in the Department OF
State. There Will be no changes IN the Navy De-
partment, although number Of civil employees
Will be discharged from the navy yards. The forces
in the POST once and Interior Department will
remain as they are, with but Slight changes.
Colonel Whitley Has Not Resigned.
The rumor that Colonel II. c. whitley, Chief OF
the United States secret Service OF the Treasury
Department, had resigned his position, proves to
be incorrect. On the contrary he has demanded
rigid investigation into all the facts OF his con-
nection with the alleged safe burglary here, and
states that he can vindicate himself from even the
suspicion OF his having had any connection what
ever herewith. Colonel Whitley's demand for an
Investigation has been acceded to, and 1t will be
conducted by Mr.. N Buford Wilson, the new
solicitor OF the Treasury
The Arkansas Investigation.
subcommittee or the select committee on
Arkansas affairs composed OF Mr.. Ward, OF Illinois,
and Mr.. sayer OF Ono VIII leave st. Louis on the
18th ofJuly for Little Rock, to inquire into the gov
ernmental affairs OF the State
Increase OF Revenue Receipts.
The customs receipts during this month are
anger than during June, 1873. There is also an
improvement IN the internal revenue receipts.
Payment of Deficiencies.
The Treasury Department several days ago CON-
menced payment from the s4,oooo0O appropriated