New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-11-29
BY TELE RAJ P H
WASHINGTON.
DeclinRa.

Decl1ne0.
WASHINGTON, Noven ber 2S.-Janes Rus
sell Lowell has declined the mission to
Russia.
vited to X esign.
The Star says: "SOme ten days since, by
direction Of the President, q telegram " as
supervisor, notifying him that his resigna.
tion was required Mr.. Cobb arrived in
Washington yesterday for the purpose OF
securing his retention in office. but the
President informed him that ne had made
up his mind to make a change, and it must
be made.
''Mr Cobb's district comprises the States
Of Kentucky, Tennessee Mississippi, Ala
bama and Louisiana. Mr.. Cobb had not
rendered his resignation up to half-past two
o'clock this afternoon"
Minister Turner Mt the Capital.
Hon. Milton Turner, United States Minis
morning, leave Of absence having been
granted him for the purpose of recuperating
his health. upon which the severity of tho
climate Of Africa has made sad havoc
Mr.. Turner is stopping at No. 14l6 T street
Tho Latest Charley Ross.
A boy in the family Of +. Peyton, at Bar
louisville, West Virginia, supposed to be
the missing Charley Ross, was found to
have escaped from the neighbO,ing poor
house.
Report of Controller Knox.
The annual report of Hon. John Jay
Knox, Controller Of the Currency, has been
made public. Among other subjects dwelt
upon therein is that Of redemption. The
hope is expressed that the present system
OF exchanging notes for new paper notes
will not long hence be superseded by true
system of redemption, namely, payment
on demand Of national bank notes
in coin or in its representative, pay
able in coin. During the year ending
November l, 1874, national banks have
been organized, with al authorized capital
of $6745, 800, circulation has been issued
amounting to $5,Si7 1916; and during the
same year has been withdrawn and de-
strOyed 1924 ,0l9. showing an actual in
crease of national bank circulation during
the year OF So, sac, ,297. The total circulation
outstanding 1T that time was 1851 ,927 ,2l6,
leaving $2,O72,754 yet to be issued of the
whole amount authorized. Since the pas
sage of the act Of June 20, 1874. forty six
national banks have been organized, with a
capital Of $4,ll9,0O0, to which circulation
has been issued amounting to 81, ,S42, $50.
and the total amount issued to all national
banks since June 90. 1874, is % $50, $50.
The amount Of taxes paid into the treas
ury Of the United States by the national
hanks during the year ending July l, 1874,
was 81 .O83 1893, of which g, 600 was de-
rived from circulation.
The Controller recommends the repeal of
the two cent stamp tax, and, if not repeal
ed. that the act shall be so amended and
such penalty provided as shall tend to pre-
vent evaslOns OF the present law. He re-
peats his statement of last year that there
is no present necessity for the engraving of
all new designs for the national bank notes.
He also recommends an appropriation of
$4,000 for the redemption of unsigned notes
Of national banks which were purlOined
from the treasury in 1867.
Tho Quarrel Over the Texas Offices.
General Malloy, who succet ds Colonel
Hunt as collector for the fourth Texas dis
trict filed his bond. received his commission
and departed for the scene Of duty. Major
Callahan lost his place as special post.
office agent for loaning his official railway
pass. A strong effort is bearing on Jewell
for Callahan's reinstatement
Ochiltree, Hall. Hunt, Whittlesey and
other ousted parties have intimated q ale.
termination to fight for their places before
the Senate. 1t will be lively.
Involved in the muddle is the expulsion
of Senator Flanagan.
Colonel j. II. Baker, Of the Galveston
Mercury, who has been here for the past
week, reports the late change as meeting
the appreciation Of all parties.
later.
It may be stated absolutely that Jewell
will not reconsider Callahan'e dismissal. He
leaves for Texas to close his affairs.