The New York herald., 1874-09-28
. A S II I N e Il ON.

WASHINGTON, sept. ~, 1874.
Tho National Bank Redsmption-Causes
OF tho Temporary suspensfon-Ro-
demptiOn To Re Resumed At an Early
Day.
The statement that the suspension OF the Ma
tional Bank Redemption Agency Is likely to be
permanent is pronounced to be without iounda-
ton. The temporary stoppage Of redemptions
springs entirely from the TACT that the law. re-
Quired redemprOns to begin at once before any
preparations for asserting the redeemed money
could be made. Nearly $12, ,O00, 900 OF the original
I've per cent deposit OF SIT 500, 900 were exhausted
before the assortment could be got under way.
AS the Treasurer cannot call upon the banks to
reimburse him for his redemptions OF their notes
until the notes are assorted the agency had
really only about SIS, 900 to run upon after
1t WAS LARRY started. The gap was too great to be
closed and temporary stOppage was inevitable.
As soon as the lost ground is regained redemp-
tiOns Will be resumed, and there Is no likelihood
that another stoppage will ever be necessary The
force Is now nearly large enough to handle the
work as 1t comes In, and Is daily becoming more
expert There is no essential diffculty In carry
ing out the provisions Of the law. and the embar.
rassments which have been met with are only
those incident to the starting OF any new ma
chinery. Unless there shall be an unexpected In
crease In redeanptons the 1ve per cent deposit
will hereafter be ample for the purpose. The man
agement OF the agency meets with very general ap.
proval from bankers, and. Notwithstanding some
adverse criticism from the press not word OF
complaint or censure has emanated from the
banks.
The statement that the force employed Is exces-
sive is equally groundless. The number OF en-
plOyes, In proportion to the work performed.
compares very avorably with the force employed
while the precautions against mistakes and dis
honesty are much greater, and the nature OF the
work much more difficult, on account OF the
greater number OF banks and the similarity OF
their notes and titles. The most expert account
ants counters and assOrters obtainable have been
secured, many Of them from other cities. A very
large proportion Of the force has been taken from
banking houses where they were employed on
similar work. An anxious desire has been shown
to secure competent persons, and every such per-
son who has presented himself has been accepted,
without regard to any other consideration than
fitness for the work.
The United states and Mexican Claim
Commission-Prospect of an Early Set
tlement OF All Claims.
1t is ascerta ned on inquiry at the United States
and Mexican Commission, that Of the over 1000
claims presented about 800 are unadjudlcated.
them having been argued and being in the hands
OF the commissioners. Much delay Of business
has been caused by attorneys, who have, In some
cases, failed to comply with the necessary re-
quremenr Of proofs, and by the changes in the
Mexican Commissionership three several ap
pointments having been made in that
once by the Mexican government. Our
government retains the commissioner, Judge
Wadsworth, fret appointed. Sir Edward Thorn.
ton, the umpire, trough in England for sew.
eral months past, has forwarded to the Commits
sion decisions on various cases in which the CON-
missloners were unable to jointly agree. 1t is
expected he will return to Washington about the
18TH O. october.
The commissioners. both being here are closely
engaged on the business before them Sir Edward
Thornton says that he will act promptly on all
subjects which may be presented to him, and !,
generally, there is disposition to close all mat
ters before the commission within the time re-
naming ior the termination of the commission,
namely, the 31st Of January next.
Although nearly 400 cases are waiting nnal ad
judication, many Of these are arranged in classes
and the decision In one such case will determine
the question OF the principle involved in others
thus the necessity of an elaborate opinion in each
case win be avoided
Under these circumstances no movement has as
yet been made looking to q further extension OF
time for the settlement Of the remaining business
Of the commission.
Sale Of Gold at New York During
October.
The Secretary Of the Treasury has directed the
Assistant Treasurer at New York TO sell $500 900 OF
gold on each Thursday during the month OF Octo-
Der. The total amount to be sold is 81 500, 900.