The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1874-12-12

! nlblOn VI the existing government ny
himself and Congress-, he expressly
says lte believes IL received a majority
OF the votes. Nor can there be any
doubt of his belief in the force Of the
fifteenth amendment, and the laws
passed to enforce it. ITO take care
that the law be enforced he pre-
vented tbs gVvernneet from being
overthrow by An "srned mob !" and
ii Congress takes no Hetion will con-
tinue to recognize it, and prevent
men, masked and armed" from
committing murders, to spread terror
around, or employers from forcing
cololed men to vote as they desire.
A recommendation Of committee Of
Investigation concludes the remarks
on this State.
la regard to Arkansas, the trouble
is detailed, and the reason frr non
interference, that her affairs were al
ready before Congress, given. The
subject Of executive interference re-
ceives attention, and the reluctance
of President Grant to use the power
kgyen him is shown in his request to
Congress and the people to devise
other means to accomplish the pur-
pose. But while expressing his SYM
pathy with the llardships many States
have been compelled to endure, he
declares his intention to enforce with
rigor the constitution aud the laws.
More judgesliips and districts are
declared to be needed, and the De-
partment Of the Interior relieved Of
some OF its duties. The peace pol
icy" towards the Indians has proved
SO beneficial that in few years the
troubles will have ceased, and the
recommendation of extending the
benefits of the homestead law to them
adopted. Legislation is required to
aid some Of the pensioners of 1872.
The centennial exposition is com
mended. The civil service, under
the rules rs they now exist, is met
with opposition, and unless Congress
takes some action the President will
abandon the system, although it will
be Il source Ut modification.
The message again urges on Con-
gress measures to direct labor intU
productive channels aud give the
country q soAud currency. The sub
jects OF cheap transportation and en-
eouragemeDt Of American shipping,
the affairs Of the District OF Columbia
and reference to the boards APP
pointed to survey the mouth of the
Mississippi close the message, which,
taken together, Is one Of the ablest
ever presented for the consideration
Of Congress and the people.
REPORT OF CONTROLLER KNOX
The annual report of Hon. John Jay
Knox, Controller of the Currency, has
been made public. Among other sub
jects dwelt upon therein is that of
redemption. The hope is expressed
that the present system Of exchang-
ing notes for new paper notes will not
long hence be superseded by u true
system Of redemption, namely, a pay
ment on demand of national bank
notes in coin or in its representative,
payable in coin. During the year
ending November l, 1874, national
banks have been organized, with an
authorized capital Of S6,745, 800, cir
eulation has been issued amounting
to $5,5l7 ,3i6; and during tho same
year has been withdrawn and de-
stroyed 50, Pal ,O19, showing an actual
increase Of national bank circulation
during the year of 90, $40, 297. The cir
culation outstanding at that time was
1851 ,y27 ,2l6, leaving $2,O72.754 yet
to he issued Of the whole amount au-
thorized., Since the passage Of the
act of June 20, 1874, forty six national
banks have been organized, with ~
capital of 81, 10000, to which circu-
lation has been issued amounting to
81 ,S42, $50, aud the total amount is
sued to Ill national banks since June
90, 1874, is 1880, 100.
The amount Of taxes paid into the
treasury of the U:ited States by the
national banks during the year end
ing July l, 1874, was ~ ,Os3, 1913, Of
which 80, 4O4, 600 was derived from
circulation.
The Controller recommends the re-
peal Of the two cent stamp tax, and.
if not repealed, that the act shall be
so amended and such penalty pro-
vided as shall tend to prevent eva
sions of the present. law. He repeats
his statement Of last year that there
is no present necessity for the engrav-
ing of all new designs for the national
bank notes. He also recommends an
appropriation Of $4,000 for the re-
dcmption Of unsigned notes of na-
tional banks which were purloincd
from the treasury in 1867.
GENERAL w. Ii. EMoRY's REPORT.
Among the reports af the depart
mcnt commanders made to the In
spector General Of tho army appears
that of the commander Of this depart
mcnt, detailing at length the position
and condition Of troops here In com
menting on the circumstances under
which Il portion Of his troops have
l,..,,, r.,