The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1874-07-01

esteem excited in him a feeling of sadness at
severIng the ties which had bound him and
them together during more than five years but
that although he relinqushed his position with
OUT single pique or resentment, he left official
life voluntarily without any regret. He would
never have retired of his own voliton as he had
done while any amputation against him re-
NAMED unanswered; but this was no longer the
case, and he felt that he had effected yery
reform which he could hope to accomplish by
staying in office until the close of the Presi-
dents term. He could now confidently chal-
leenge any banking or railroad corporation to
show any proportional amount of business
transacted with proportionally small loss in
comparison with the business of the Post Office
department during his administration of its
affairs.
A Fluiter Among the Clerks.
WASHINGTON, June 30.-The Treasury De-
partment employees were considerably agtated
To-Day IN view of an anticipated reduction of
tue Iorce. The ladies were particularly dis
tur6ed, and collecting in groups in various parts
OF the building discussing the subject This
morning the heads of all the bureaus handed
secretary Bristow lists Of those to be dismissed
Inc heaviest discharge was in bureau of en-
craving and printing, the services of 375, the
female employees being dispensed with, leaving
d,zoo persons still employed in that bureau.
Inc scenes OF dismissal was again marked by
sadness: Fourteen of those discharged tainted
Wneu tne announcement was mace to them,
rory clerks were dismissed from the Second
AUDITORS Office and other discharges will be
made Tomorrow
IL was recomm ended by officers of the bu
reau that only one of family be retained and
Inls Recommendation was generally followed
Inns wholesale discharge will cause much suf-
1etlng, which, however, will be somewhat allie
waited by the payment of two months salary
extra to every victim Of Congressional econo-
my.
About 70 permanent and the same number of
temporary clerks were discharged from the
Interior Department. This includes the con-
traction OF the force in the patent office, the
appropriation Tor that bureau having been re-
duced SZO,OOO. The Commissioner has accom-
modated his business to the circumst stances al
though he shows that the government will lose
largely by the curtallment of expenditures.
Various Matters.
1t is widely asserted to-day that George B.
McCartee, the present superintendent Of the
bureau OF engraving and printing, will be APP
pointed Assistant Secretary of the Treasury in
place of Sawyer.
The United States steamer Despatch goes to
Norfolk to be locked for repairs. She will re-
turn to Washington to take on board the SEN
ate Committee on Naval Affairs for an inspec-
ton tour of the navy yards and naval stations
along the Atlantic coast, with the view to en-
qure into the expediency of reducing the num-
Der of yards and stations.
Currency outstanding, $42S, 517. 913.12
ington this evening.
Trouble With Spain Impending.
New YORK, June 30.-The Herald's Wash
ington special says that grave rumor is afloat
of serious difficulty with Spain, growing out
of peremptory demand by our government
through Minister Gushing for full indemnity
for the Virgnius prisoners slain BY order of
Burriel Hamilton Fish, on being interviewed
on the subject said, "You may say that the
American government has made prompt de-
mand, and one quite as decided and peremptory
as that made by the British governm mt for in
and the loss to their families"
Working of the New Currency LAW
The Herald's Washington despatch has the
following:
Under the provision of the new currency bill
the third National Bank of New York will re-
duce Its circulation from 100000 to $780, 900, the
lowest point to which the circulation of any
bank Can be reduced, and will receive S750,OO0
in bonds The American Exchange Bank of
New York Withdraw $4,000 in bonds for the
reduction of its circulation. Letters have also 4
been received from New England banks, giving
potlce OF like intention to reduce their circu-
lation and withdraw bonds deposited for it's
security. The two proposed Chicago banks
with capital of S45O,O0O, have declined to 20 |
into operation The President recommended
In his annual message to allow national banks
to reduce their circulation en- depositing lawful /
money, and not to require the return of notes
OF banks wishing so to do. He was assured by
leading bankers in New York and Boston that
were this done the West and South could have
all the national banking currency they would
need. This was one of the reasons why he op-
posed expansion of the currency. What was
then predicted is now being literally fulfilled
1t is no longer an object for banker to secure
four dollars in national bank notes with five
dollars in legal tenders, now is the case,
while bonds are at 16 and II cents premium,
and only $4,000 in notes are issued for $4,000
in bonds. The fact that the proposed banks in
Chicago do not find it profitable to start under
the operations of the new law, makes the cry
for more money false alarm.
Under clause of the legislative executive
judicial appropriation bill, several thousand
claims pending before War Department will
be ruled out, and the money heretofore appro
priated for their payment covered into the
Treasury. These claims are for subsistence
stores quarter masters supplies, army transpor-
tation, and will require special acts of Con-
gress hereinafter to provide for their payment.
For several days part of the clerks of the war
and treasury departments have been busily en-
gagged in settling such of them as are perfectly
clear, and over a thousand were completed yes
terday and to-day.