Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-11-12
WASHINGTON.
Continuation Of the Safe Burglary Case
An Important Witness Wanted,
but Won't Respond,
RumOrs about the President Having
Modified his Financial Views
COntradIcted.
Comprehensive Summary OF Treasurer
SpInner's Annual Ststement-Im-
pOrtant Document.
TIE BANK RoRRERs.

THE BANK ROBBERS.
| WASHINGTON, November 1.-THE
trial OF all OF the alleged safe-burglary
eonspiratOrs was resumed to-day. Da-
vidge said that the defense was particu-
larly anxious to have +. B. Benson,
now in charge OF the secret service depa-t-
ment, in court as witness, and subpoena
had been issued for him, but Informal
ton had reached here that the solicitor
of the treasury had directed him to re-
main where he was in attendance on the
court in Pittsburg. Mr.. Davidge desired
| the court 20 take such measures as would
compel his attendance here. The Judge
said the solicitor had probably simply
| directed Benson not to leave PittsbUrg
until he had been subpoenAed, and he
directed the necessary telegram to bring
him here Friday, and Mr.. Hill promised
10 lend his aid IN the matter. District
! Attorney Fisher was on hand, and sew
eral times during his testimony the
| counsel for the government objected.
Judge Humphreys said be would lu-
struct this witness just as be did all the
others; for when lawyers are called to
the stand, they forget all the law they
ever knew. The testimony, up to the
| hour Of recess, was uninteresting.
In the safe-burglary trial, Ex-Gover-
| nor Shepherd testified that Richard Har-
/ rington was in Washington April 18th,
and lunched with him at Weleker's.
Several witnesses testified a number of
signatures, apparently WhiteIy's, were
net his.
THE PRESIDENT ON FINANCE.
The statement that the Presidents
views on financial questions have been
modified since last spring Is denied on
the highest authority. Not only has
the President not changed his opinien,
but he has freely and repeatedly ex-
pressed to al persons who have seen
proper to approach him on the subject
the same views contained in his veto
message. It is equally certain that the
secretary of the treasury has not ex-
pressed any views antagonistic to the |
opinions Of the Presidsnt, and his /
friends confidentially assert that his 4
forthcoming report will urge strongly |
upon congress the return TO specie pay
uent at the earliest practicable period.
sPINNER's ANNUAL STATEMENT.
Treasurer SpinHer's annual statement
Of receipts for the year ending, June
SOtb, shows decrease compared with
the previous year in customs, caused BY
the panic, CT 81, $50 $50, and in internal
revenue, OecasiOned by the recent
changes in the law, of 81 ,5l5, 529. Ex-
penditures exclusive of those on account
# the public debt have been decreased
81 $50, 652 COmmendahle, he SAYS, as
this retTenchment is, il is believed it will
be still gTeSter at the end of the current
year. Spinner says the labor required
IN his office has increased, and suggests
an appropriation by congress to each de-
partmenE and its bureau OF a round
sum sufficient for the payment st discre-
ton TO the clerks for work performed,
AS likely to give a great deal better seq
vice to the government than the present
graded system OF compensation. The
reduction ia the number OF tensile en- ,
plOyes and reduction of salaries Of those J
remaining, under the act Of congress att
rs last session, has been a source OF in s
to the department., and of /
distress 10 the poor widows and children.
The treasurer asks legislation to restrain
the issue Of circulating notes, other than
those authorized by the acts Of congress,
making the same misdemeanor and
punishable by tine or imprisonment
Or both. This evil is mainly at the
south, IN some localities OF which
almost the circulating medium con-
sist5 of local issues by muuicipali-
ties and manufacturing companies.
lie suggests sn amendment to the law
s penalty for the non-pay-
nent, within the prescribed term, of ,
he duty due from any national bank,
RI an additional sum, at the rate Of one
Der centUm per month upon the amount
Tue and unpaid, the same to be retained
rom the next interest due on its stock
held il trust for the redemption OF the I
circulating notes. Mr.. Spinner also
lrges the passage of law authorizing :
ne treasurer 70 redeem the unsigned y
Totes Of national banks that have been, =
Il may hereafter be delivered, in the =
anne manneras other notes. The treas
Lrer recommends that loans b kept sep Y
rate nom other accounts, and also that
balances against public off .
ers, etc, on which il is not probable y
hat anything will be realized except 4
through suits at law, be transferred to D
he books OF the register Of the treasury, a
.nd when advisable, suits be brought. a
Therefore, as TO the national bank-note q
be thinks DO further delay a
viii occur, though the redemption agen- I
y Is still without sufficient help. No
ices have been sent to the banks, adj {
Using them of the amounts charged to
heir redemption fund TO reimbur,e the U
reasury for charges for transportation y
nd cost OF asserting notes. The charges {
7ill be in proportion to the number OF b
Otes redeemed, rather than their value. b
he redemption agency, he thinks,
nould be made 3 division in the treas r
reT's office, subject to the control of the Z
ecretsry Of the treasury. There should I
g a stringent provision Of the law COM q
cling the banks 70 keep good their five 81
eT cent. redemption deposit, aud the o
anks ought to be allowed to keep an ex.
ess thereon, il desired. An amend n
lent Of the law is also recommended, II
uthOriziDg an exchange Of notes fit for b
.rculation held by the redemption sgen- Il
y for unfit notes held by the G,
,easuy, which would save double s
'anspOrtahon, expense and time. b
mother amendment is urged requiring +
u notes not bearing the charter num- n
er on Their faces when redeemed to be h
'eated as unfit for circulation and de- n
.royeG. 1t Is also recommended that i
ne comptroller Of the currency, with
nth the concurrence OF the secretary of r,
ne treasury, be empowered to appoint a =
leclal agent to examine the affairs Of q
znks neglecting to keep up their five /"
er centnm redemption fund, and on his p
port, If warranted, to place such banks d
I the HANDS OF 3 receiver. With these "
meadments, and perhaps an Increase Il
the amount TO be Kept in the treasury ~
II redemption fluid to seven per cent. u
q the circulation OF banks, the necessi-
7 or nOn-necessity Of which will be q
nOwn ia time for congress TO act upon, "
IS believed the Law will enable the re- 70
smpti0n agency TO perform all the y
motions required or expected by con- Z;
ress, the banks and the people. u
FOREIGN CHRONICLE. c,
Il
Y
French Items. n,