, 1874-05-09
NOTES AND NEWS.
Special Nfspa.ch 10 The Ch,cago tribune.


WASHINGTON, D. G., May 8.-Scctotary Rich
srdson is back in good health, mud will, 1t Is
said, keep his place warm in tho Treasury for
somo time yot, as thero is difficulty to find I
SUCCESSOR for him. It is semi- officially announced
that Washburno hus 1at1y :decl1nol tho place.
Senator Scott, Of Pennsylvania, is the latest
candidate to succeed Richardson, if ho gets tho
appointment. II ID beloved that Dan Cameron
will succeed him In tho sennte, aud eimon's
crowning ambition will have been attained.
THE CENTENNIAL DILL.
Tho Centennial jopbers, having saved enough
from tho wreck 10 have thclr bill reforrod back
to the Committee, aro recovering their spirits in
d small degree. They sny that they will not
bring it up again this session, but will postpone
action till next winter, whon thoy are confident
thcy Gun soouro its adoption.
POSTAL CONTRACT FRAUDs.
Mr.. 8tono, Of Missouri, who With Luttrel, Of
California, Inns flied charges before the House
Post-Onico Committee, in tho matter Of frauds
inthe lotting Of the postal contracts. fled ad
and asking TINT certain olork8 of the do
partment be Summoned to testify. nlr.
Stone was notified by the Committee that
they would consider his charges tomorrow; and
ho replied that he could not nstond, as he pro-
poses to make pleasuro-ttip to Mt. Vernon.
IhiB does not eylnco much heated zeal on his
part to haye tho corruption charges uuoarthed.
p0LIT1CAL bTltAMB.
Postmaster Burt, of RoBton. appears to have
embarked his capital in tho thitd-term project.
aud is actively engaged in writing letters, and
using AiB influence IN other Ways, privately,
throughout tho South in favor Of Grants re-
election. Mosby, tho Virginia guerrilla Chief, il
Of a similar opinion, and ann ounces hia purpose
OF running for Congress this full on the plat
form Of Grant for third torn with Kemper for
second place on the ticket.
Ito tho Aasoctdted Press.l
FnE
WASHINGTON, D. c., May8.-The bill reported
from tho House Committee on Banking and Cur
roncy to-day to amend the charter Of tno Freed
mans Savings md Trust Company, provides TINT
| and officers Of Baid Company to make lienB to
the extent OF one-haf OF the deposits by them
received upon the bonds md notes secured by
mortgages or deeds Of trust upon unlncnmberod
real estate, situate in tho vicinity OF sald Com
| pany from which such deposits arc received,
| worth upon cash superintendent at least double
| tho amount Of said loans, exclusive of
buildings. The other half they shall invest
in United statea bonds or keep on deposit in
some National Dank auch sums aB may be noc-
essary to meet tho ourront payments. 1t is mado
the duty Of the otfcorB of tho bank to collect as
speedily as may bo done all sums of money
loaned upon roal estate outBido Of tho statoH
from which received, and as tho Same may be
collected loan tho funds in accordance with tho
preceding part of tue act. When it shall arpear
| that the interest of doCostots may require, 1t
shall bo lawful for tho 1rusteoa, by and with the
| consent Of the Comptroller of the Currency, at
my time to close any Of the agencies or branches
| Of tho corporation. paying to tho depoBitors
| OF such agency or branches pro rata amount
OF principal or interest which may be due them,
and aso a: 'ratnble proportion Of any surplus
which may hayo accumulated. Whenever it may
bc doomed advisable, or when 10 ordered by
Congress-, the gouoral business and affairs Of tho
corporation shall in like manner bo closed up bY
| tho Trustees OF tho corporation under the drec-
NJ In ri nf bn 1Ia
otlcora OF the Company aro prohibited from
| Lending to any person or company at any one
time moro than $40, 200 Of tho funds. There ia
q stringent provision to punish embezzlement.
Interest exceeding per cont shall not DO paid
on deposits. Whouoyer it Hhall be deemod ad-
ylBabls by the Trustees to wind up the entire
business Of the bank and it's branches, Commits
sioners Hhall DO appointed to take charge OF all
property, mako collections. etc.. and distribute
| tue proceeds among tho creditors pro rata, &C.