The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-08-29
WA SHINGTON.
FROM OUR REGULAR coRREsPoN DENT.


TIE SUCCESS OF THE NEW BoSDs-oREAT
pEMAkD FROM ALL QUARTERS FOB THE NEW
1sstx.
The Secretary Of the Treasury statos that he will DO
ready for the delivery Of the first ten millions OF the
four and halt per Tuesday next AS an Illus
tration OF the importantly and eagerness to get them
at the earliest practicable moment he instances tho
fact that be received another cablegram to-day from
the great house OF the Rothschds in Europe asking
when the bonds which they had bid for would be ready
for delivery. Secretary Morrill,, however, with his
natural foresight and calculation he had prepared
himself for this by giving the necessary orders some
days ago for the printing and subsequent routine pro-
Of preparing the bonds aud hence he believes that
he will not be taken by surprise fall bchindhand
in being ready promptly for the immediate delivery OF
the bonds.
The regular machinery and system Of the Treasury
Department. with tho best disciplined and skilled
talent and experience OF its officials and employees,
which unrivaed, has been to work actively
but with such confidence and that the increased
labor, though adding 10 current duties considerably,
will scarcely be perceptble in the average stir in the
department
Secretary Eorrl, upon being congratulated to-day
with the expression. Well, Mr. Secretary, you have
done great thing for tho country, remarked with re-
frcshing modesty natural to HIM, "Weii don't
know perhaps have-at least, my friends think so.
Assistant Secretary Conant exhibited some OF the
new bonds, printed side, which models Of
skill in workmanship with tho newest devices and
improvements to guard against countcrteiting, tho
principal ono OF which Is an azure tinted cloudng
running through bright lettering and figures Of sun
set hue The bond is regarded the very finest work
done in the department since its organizat
TERRIBLE SLAUGHTER OF TREASURY OFFICIALS
One of tho shocks resulting putting operation
the legislation Of Congress provided in the Appro-
pration bills took place at tho Treasury Department
to-day. The nftythree special agents reduced
twenty, thirty-three having been dropped without
words notice. No in the corps had tho slightest
ntmation who would be among the decapitated or tho
moro fortunate number to DO retained The selections
were made primarily, 1t Is SAID, on account of cfn
cency and secondly with regard to war record and the
aggregate results OF discharge Of duty No ntimaton
gwen to how tho selection would be made or
who would be continued until the announce
ment promulgated to the parties az
footed. The notable changes in tho reduction
Of the present Supervising Special Agent of the Treas
ury Department, Captain Adams, to the ranks, long
since stated in these dispatches to have been deter
mined upon. He appointed tho personal friend
Of Bristow, but he only suffers by tho redscton of pay
from $40 to IS per diem, according to act OF Con-
special agents Special Agent Halo in charge of the
force at New York city, receiving tho pay !;
but he dropped entirely very much to his aston
ishment This is, however, regarded by the Presidents
friends vndication OF Colonel Frank E. Howe, his
predecessor, who was superseded by him under the
order OF ex-Secretary Brstow, when he made his
general assault upon the Grant men among tho
Treasury employees, and under Secretary Morrill,
now, may be considered politically Roland
for an Oliver. Many OF those discharged
arc very old officers, and they VIII mako strenuous
efforts for reinstatement Some half dozen more
have arrived here for that purpose and it surmised
that the balance of them will besiego President Grant
at Long Branch with their influence personally by
proxy through their friends Hence a slight influx Of
strangers may be expected there, bencting tho hotel
Keepers II not themselves finally.
Tho records OF many OF these officers show that
they have saved the government by their zeal and
fidelity many thousands Of dollars. In some
instances single officer has recovered moro
than the cost of maintaining tho whole force for
year. The organization rs it stood before this
duction had boon fixed upon found a. Its existing
standard after close examination to DO than
absolutely required by the necessities Of the
toms service and that II could be worked with less
numbers The reduction Of the force WILL it is con-
tended, greatly cripple the revenue service and Will
leave large and important interests exposed which
may perhaps result in the loss TO the government OF
many times moro than tho amount supposed to be
saved.