The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1874-06-29
WASHINGTON.
The District Commissioners.

WASHINGTON, June 27-The President is ex.
pected to return to Washington next Tuesday
or Wednesday, aud may be at Long Branch the
4th of July. Cattell and Dennison have not in
formed the President whether they accept or
decline the appointment of Commissioners for
the District Of Columbia Blow, the other
Commissioner, desires before he answers to be
furnished with copy of the act providing for
a temporary government of the District, and to
be Informed whether the duties of the Cemmis-
sioners will require five or six mouths resi-
dence in Washington. His acceptance thus de-
pends on business arrangements.
Mr.. Hale Accepts.
Mr.. Hale, by telegraph from Altoona, Pa,
to day accepted the Postmaster Generalship
and will be in Washington to qualify on the
LIST of July.
Internal Revenue Receipts.
The internal revenue receipts to-day were
S265775; for the month, So 1917 ,946 for the ifs
cal year, $101, SIS, $50.
Treasury Balances.
The following are the Treasury balances to-
day :CCurrency, $l3, 7S0, III; special deposit of
legal tenders for redemption of certificates of
deposit, $5S, 100000; coin, $50, 577 including
coin certificates 500 1871, 400; outstanding legal
tenders, 1882, 100000
20 National Finances.
The Secretary of the Treasury has instructed
the Assistant Treasurer at New York to sell
$l000000 gold each Thursday during July.
Customs receipts this month are larger than
June 1873, there is also improvement. In inter-
nal revenue receipts Ef-y 80 aa
The Treasury Department several days ago
commenced payment from the S4,000,00 ap-
prorriated by Congress to supply deficiencies.
The public debt statement on the LIST OF July
will show slight decrease. The Government
will pay go, 100000 gold for the July interest
Omcial Construction of the Currency Law
The Comptroller of Currency has written the
following letter giving his construction of the
new currency act, Ia reference to the revenue
required to be held by National Banks:
Sir have received your letter of the Oath
inst. My construction of the act of June 90
1874, in reference to the reserves of National
Banks, is that the reserve upon circulation is
abolished but that the National Banks are re-
qured to keep reserve upon deposit as pro-
vded in Sections 81 and 81 of the National
Bank act, certain other proportion with their
reserve agents IN the cities enumerated in the
sections referred to. The banks are also re-
CURED to keep an amount equal TO 5 per cent.
OF their circulation on deposit with the Treas
urer OF the United States, which amount may
be deducted from the aggregate amount of the
Very Respectfully,
(SIgned.) JOHN JAY KNOX.
GEORGE LOTS, CASHIER of the Commercial Ma
tional Bank of Chicago.
Resignation of Detective Whitley.
Whitley, chief of the Treasury detectives inn
plicated IN the recent safe burglary IN Wash
ington has resigned, but it is said Secretary
Bristow will have the affair fully investigated.
Various Matters.
A cabinet meeting will be held Tuesday or
Wednesday.
About 400 clerks of the different bureaus at
the Treasury will be discharged July 1st, half
from the bureau of printing. The civil force
in the War Department will be reduced half.
There will be slight increase in the State De-
partment. but little if any change in the NAVY
Post Office, or Interior
The subcommittee of the select committee
on Arkansas affairs, composed of Messrs Ward
of Illinois and Taylor of Ohio leaves ST. Louis
July 18th for Little Rock to inquire inquire in
to the governmental affairs of the State