The Portland daily press., 1874-01-23
WASHINGTON.

Damaging Reports About Mr.Pinchback
WASHINGTON, Jan. %. : Representative
Sheldon and Sypher, ex-senator Harris and
revenue officer Pitkin. all of Louisiana, called
on the President to-day to express, it is said,
their views in opposition to the new election in
that State. Senator Carpenter and Gen Butler
also had an interview with the President. 1t is
asserted thai these gentlemen are on the other
side of the question in louisiana
1t is reported that Senator Morton s action in
reference to Mr.. Pinchback's seat in the Sen
ate, was, based upon the confession of Mr.
Pinchback himself of the questionable practices
in securing his election by the Louisiana Legis.
ature. 1t is said that damaging reports about
the election having reached Mr.. Morton he sept
for Pinchback, who made clean breast of it,
whereupon Mr.. Morton abandoned the policy
of seating MIR, Pinchback on prima faca case,
and asked that the case be referred to tine Com
mittee on Privileges and Elections to invest-
gate the Conduct of Mr.. Pinchback. The latter,
it is said, is very angry at his treatment, de-
clares for the new election and threatens dam
aging disclosures regarding the operations of
the Louisiana politicians. The reason of his
course is said to be his exclusion from the bene-
fits and privileges of the Kellogg ring.
Treasury Balances.
The following are the Treasury balances to-
day:~Currency, $500, 514; special deposit OF
legal tenders for redemption of certificates of
deposit, $44 100000; coin, $685. 594 344, including
coin certificates $45, 900; outstanding legal
Reo-,oN~es'css
Legal Tender Limit.
The following is the text of the bill reported
to-day By Mr.. Dawes from the Ways and
Means COMMITTEES: r5t4
Whereas, The existing uncertainty as to
whether the amount of legal tendar notes now
authorized by law to be kept in general circula-
ton is $356, 00O, 900 or 100000 900 is calculated
| to derange business and unsettle values, there
| fore: BE it enacted. that the provisions of the
act approved April 18th. 1866 entitled an act
to amend an act to provide ways and means to
support the COVER, ment approved March Sd,
1865, be, and the same are hereby declared in
| force so as to authorize the amount of the le-
| gal tender notes of the United States to the
amount Of $4O0.0OO,0O0, to be kept in gener-
al circulation and the total amount of United
States notes issued or to be issued shall never
exceed 100000 900. ..,..s.4IT
Relating to Savings Banks
The bill reported by Mr. Kasson from the
Ways and Means Committee, the 9th section of
the act of July. 1866, concerning the deposit on
savings banks, that hereafter it shall be con-
strued to include within the exemptions all de-
posits in savings banks doing business only as
such under the laws of their respective States
| or of Congress and having paid up capital
which is first responsible for all losses of depos-
| in the place of such capital stock. good and
| legal guarantee bond securing depositors
| against loss; provided that no sayings bank as
provident Institution shall be entitled to such
exemption from tax on deposits in any case
where any greater rate of dividend shall be
| paid to holders of capital stock annually than
| the rate of interest allowed annually to the
| time of depositors in such bank; but 81 per
| cent may be allowed and paid on the amount
| of capital stock or of the guarantee bond in
| consideration of such guarantee against loss to
depositors and provided that all profits of such
| savings banks less the aforesaid dividend and
| allowance for guarantee shall be divided among
| the depositors. No tax accrued or claimed for
y,rinr tn fha IS &c.,
| ings banks, in the first section named, ha wing
| capital stock or guarantee bond, but not col
| lected nor claimed by revenue officers in those
| years, shall be. hereafter collected.
Secretary Richardson ON Moieties.
The Secretary of the Treasury has written a
letter to Senator Chandler chairman Of the
| Committee of Commerce, stating by invitation
| of that committee his views on subjects cover
| ed by the bill to regulate the custom service
and the disposition of fines, penalties and for
FIXTURE. Secretary Richardson goes into an ex-
| tended discussion of these and collateral SUBJ
| jects, and recommends the following measures:
First. The revision and consolidation of the
| tariff act. r-...r.s 80. tyo,-.,r. q sc
Second. The substitution, as far as practical
BILE, of specific in lieu of advalorem duties
Third. The abolition of the present system of
moieties with one exception, to wit: that where
attempts at smuggling are detected, or where
| an act of smuggling is accomplished and the
| goods are afterwards seized, the Selling officer
or officers and informer or informers shall be
entitled in equal parts to one-tenth of the net
| proceeds; or if there be no informer, the seiz-
| ing officer to be entitled TO the whole of such
One-tentb. Box f f $1,000
Fourth. That provision be made for special
fund to be applied under suitable restrictions to
compensation of persons atfording information
which shall enable the government to detect
and punish frauds upon the customs revenue
other than those involved in actual or attempt
ed smuggling. frsa.fra 7t
Fifth That the law authorizing the seizure
of books and papers be SO amended as to afford
due protection to the rights of private parties.
atty or feature accruing from the violation of
the navigation or customs revenue laws, shall
be lawful till after judicial investigation of
the facts ,--s6.rtgr
Seventh. That the compensation of customs
officers be graded in accordance with the i'm
portance and responsibility of their respective
nocitiOpS