National Republican. (Washington City (D.C.)) 1872-1888, 1874-07-27
DEPARTMENTAL NEWS.
NAVAL INTELLIGENCE,

promised by the payment Of $3.50, 200. The
claim is now set up that this amount cannot
be considered as legacy, and should there
fore not be subjected to the tax. The amount
involved Is about 81 900. The facts were re-
ported to the commissioner by Colonel ]. H.
Riyes, internal revenue collector Of the Fifth
Virginia district, who was also present. The
commissioner received the counsel very cour-
teously, and listened to their arguments with
marked attention. He reserved his decision.
ARMY NEWS.
The following is q correct list of the assign
ment of the military cadets who graduated at
West Point on June II: T. W. Symonds, to the
engineer corps; A. Murray, to the LIST artillery;
H. NJ. Andrews, LIST artillery; NJ. NJ. Macomb,
4th artillery; James L. Wilson, 4th artillery;
T. s. Rice, 1st artillery: ]. 7. Honeycutt, LIST
7. Wiser, LIST artillery; Joseph 8. Oyster, LIST
artillery; o. B. Mitchum, 18th artillery; A. H.
MTlen, I'd artillery; Clarence Deems, 4th artil:
lery; W. P. Edgerton, Sd artillery; L. B. Rob-
ertson, 9th artillery; z. K. Webster, ID infan-
try; Russell Thsyer, 18th infantry; T. R. Cecil,
18th infantry; H. G. Otis, 4th cavalry; c. H.
Cabanis, jr., 18th infantry; Chas. W. Rowell,
Norton, Let cavalry; C. 5. E. Wood, 21st in
fantry; 7. L. Turner, 18th infantry; L. K.
Hare, 18th cavalry; Willis Witch, 21st infan.
try; Alfred Reynolds, Goth infantry; VIM. L.
Georre, 18th infantry; VIM. s. Davies, 18th
infantry, c. c. Hewitt, 18th infantry; H. P.
Walker, 10th infantry; L. A. Craig, 9th infan-
try; E. E. Hardin, 7th infantry; c. R. Tyler,
18th infantry; c. A. Williams, 21st infantry;
NJ. P. Mans, LIST infantry; c. 7. Lloyd, 18th
infantry, Theo. II. Eckerson, 9th infantry;
VIM. II. Wheeler, 18th infantry; j. H. French,
9th cavalry.
Lieutenant Colonel James Van Voast, 10th
infantry, has been detailed to make bi-monthly
inspections of the accounts Of those disbursing
officers of the army who are doing duty within
the division of the South, and not under the
orders Of the commander thereof. First Lieu
tenant George W. Mckee has been assigned to
temporary duty as principal assistant in the
ordnance bureau. Captain A. V. Chebonner,
medical storekeeper, has been ordered to report
in person to the surgeon general Of the army.
Surgeon Joseph Wright, to the department Of
Missouri. Assistant Surgeon Henry ]. Phil
lips, transferred from the department Of the
Columbia and ordered to New York city.
The following from Clusters command
reached army headquarters yesterday.
CMcAGo, Ill, July q, 1874.
Col. ". D. Whipple, War Dspdr. nlsnt:
General Custer sends dispatch from longi-
tude 1880 45 and latitude $50 go north, that
his command is in excellent condition. Plenty
of good grazing and water found on the route.
No Indians were seen except small party two
or three days ago.
P. II. SHERIDAN, Lieut.. Gen.
FINANCIAL AFFAIRS.
The late attempt torlace the remainder of
the five per cent. loan by the issue of circular
invitation for proposals from leading financial
firms bids fair to prove q success. Whether
that success is to be more or less brilliant than
might have been an open and widespread invi-
tation TO all the world must be left to conjec-
ture. But 1t Is reasonable to suppose that the
more competitors you can get for an article
you have to dispose of the better prices you
will be offered. 1t now appears that upwards
of ten millions of the loan have been taken by
citizens and firms Internationally at rates
ranging from 100 to 1917, while there were
several propositions from European firms, con-
ditioned upon their having the whole amount
of the loan, to be taken at such periods as the
Secretary could legally award It. These offers
afford satisfactory evidence that there lie q de-
mand for our five per cents. abroad, and that
these money kings feel assured that they can
place the whole amount at profit If they can
secure monopoly Of IL. Whether Secretary
Bristow, in view of the present market value
of our ives, will feel justified In entering into
8 contract for the delivery three or four months
hence of an hundred and fifty to seventy mil
lions at par and fraction has not yet trans
pired.
There can be but little doubt, however, that
the present offers will justify him in shortly
giving the three months notice required for
the termination of interest on the series of six
per cents. proposed to be thus matured and
paid from the proceeds of this S179, 900, 900 of
| fives. A careful husbsndry Of his resources
| likely to come in, added to what coin he now
has at command, will enable him TO take care
of the maturing bonds until the meeting of
Congress, even II he should not, from any Tn
foreseen adverse change in the foreign money
market, sell all of his five per cents. In De-
cember Congress can relieve the Treasury from
the hamper which now compels the Secretary
to take up one class of bonds at the identical
moment IN which he sells another so as not to
increase the public debt, but nevertheless pro-
hibits him from peddling them out at retail.
These offerings show that the bonds are in
good repute abroad, and give also good grounds
for the belief that our -halfper cents.
may be placed next year.
In justice to Acting Secretary Conant It
should be stated that the language attributed
to him by the New York Herald correspondent
was not used by him. The remark made was
TO the effect that 1t was the duty of the Secre-
tary to conduct the affairs of the Department
according to his best judgment and discretion.
The subject under discussion was newspaper
criticism Of the manner in which proposals had
been invited and the secrecy with which the
bids had been opened and the rates offered kept
from the public. There was No remark passed
derogatory to or condemnatory Of the press.
Mr.. Conant expressed the opinion that news
papers would critieise the action of the De-
partment anyway, whatever course It might
pursue.
The receipts of national bank notes for re-
demption on Saturday were s4o3 800, making
| the aggregate thus far "a, $50, 161. The re-
ported receipts from internal revenue were
| SS11 1884.
INDIAN AFFAIRS.
The following orders, Endorsements and cor
respondence give succinct view of the pres
eut status of the troops and the hostile Indians
upon the frontier, and they also show that the
War and Interior Departments are IN full har-
mony upon the subject:
On the 18th instant General Sherman sent q
| telegram to General Sheridan saying: "Don't
you think 1t would be well to order the 9th and
10th cavalry 10 converge on Fort Sill and set
tie this matter at once, and prevent the Indians
from turning towards Texas-as they natural
ly Will-to get even, especially Il they have got
the worst of Il thus farl Each detachment
could follow some fresh trail, and word could
be sent the friendly Indians in advance to col
lect for safety at Fort sill. The hostiles should
| be stripped OF all horses, mules, &C. Unless
something is done now the rascals Will merely
rest and start afresh."
In transmitting an official copy Of this tele.
gram to the Secretary Of War, General sher-
| man Endorsed 1t as follows "Respectfully for
WRrded to the Secretary Of War, inviting his
special attention, and asking the positive com
initial Of the Secretary Of the Interior to the
necessity now Of following these raiding parties
Of Indians back into the reservations and there
Furnishing the guilty parties. If these Indians
may on every proVocation, real or assumed,
sally forth and XIII and steal from the exposed
4 frontiersmen, we can never expect peace. De-
fensively 1t will require 10000 cavalry to give
even Q partial protection, but Extensively q
thousand cavalry can follow them and punish
them as they surely merit"
! Under date of the 10th instant the Secretary
| Of War forwarded these communications to the
Secretary of the Interior, saying that he con-
CURED In the views Of General Sherman and
asking the early reply Of the Secretary, If the
action which was recommended met with bis
approval.
These communications were referred by Gen.
eral CoWen, Acting Secretary Of the Interior,
to Commissioner Smith, of the Indian bureau,
who says In his reply: al have the honor TO
refer 70 official letter Of May IA, in which /
recommended that reservation lines be no such
barrier to the pursuit by the military Of ma
rGuding Indians as TO hinder the forces from
| striking these Indians and punishin0 them he.