The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1877-05-01

PEOmUSdIIOH Will uUuDLleSSly uo uotoi-
mined. 1t is intimated that the present
intention is to issue a proclamation dur
ing the present week for the date al.
ready stated, the first Monday in June.
The Comptroller OF the Currency
reports the amount of United States
bonds in deposit as security for the cir
culation OF National banks on the 1st oil
May to be $340. 742, 100. an Increase OF
port November l, 1876. These securities
consist of $92, $40, 900 of 6 per cents, in.
cluding $S, $3.50. 900 issued to the Pacific
Railroad. $211. .842, 900 Of 5 per cent. bonds,
and $36, ,020, 900 of Az per cent. bonds.
. Since the 1st of November, 1875. there
has been reduction of $11, 100000 of G
per cent. bonds, $l2, 900, 900 Of s per cent.
bonds and an increase of $4,000 600 Az
per cent. bonds; the amount of National
Bank circulation outstanding May l, is
S818, 1854, ,e69l Deducting from this amount
the amount of legal tender notes on de.
pOsit for the purpose or retiring the Ma
tiOnal Bank circulation, we have
$9O2, 9S6, ,2o9, which represents the
cured by the bonds on deposit as above
gwen.
The net increase of the National bank
circulation for. the month OF April was
$124,0 The amount OF additional cir
amount of legal tender outstanding May
is 1851, ,494, ,404. m
The Treasury Removals.
The following is an extract from let.
ter addressed to the Secretary of the
Treasury by the Committee OF Iuvesti-
CATION In explanation of the report
eaO tni. nI,a ;,.f . h.,
Bureau of Engraving and Printing.
Whole number of discharges, two hun
dred and sixty.five.
"TREAsURY Dept, April 2S, 1877.
"SIR-Ihe painful duty imposed upon
us OF selecting the persons to be dis
charged has been performed with the
utmost consistency and care. -
s'The discharge OF so large number
OF poorly paid and necessitous persons
must necessarily produce much dis
tress, but we are satisfied that The adop-
tion of our recommendations will pro-
duce least hardships consistent with the
observance of our instructions and the
preservation OF the efficiency of the
Bureau.
"a careful computatfonishows that of
1877 persons recommended tor situations
in Bureaus and rooms 172, or more than
"A per cent, were commended by servi-
ces in the army rendered by them selves
or their immediate relatives, while OF
the 23O now recommended for discharge
only " are so commended. OF the lat
ter it may be said generally that
either the services rendered were
remote or the efficiency OF the employ e
is low, or the number Of those to be dis
charged from the particular branches OF
the service is so great that all of those
having such claims to consideration,
should not be retained. The 387 persons
recommended for retention have
1.22S other persons wholly depend
ent on them tor support-an aver
age of 81 2-l0 dependent on each.
The 23Orecommended for discharge have
only ~ persons 80 dependent. In con-
clusion, we beg to say that the number
OF persons recommended for retention
are, in the opinion not only OF the Com
mittee, but OF the officers of the Bureau,
ample Ior the performance Of the WORK
under the existing system.
"The retention OF any greater number
would, asa matter of course, add pro-
portion only to the cost OF printing the
public securities.
1--WE have the honor to be, very re-
spectlully, your obedient servants,
H. "A. URAVES,
"EDWARD WALCoTT,
"Commlttee.
"To Hon. John Sherman, Secretary OF
the Treasury"
Preparing for Mcpherson.
The Bureau ot Engraving anu Print
iug was closed to-day, and will remain
closed until Friday, in order to allow an
inventory to be taken preliminary to the
transfer to the new Superintendent.
Ex-Minister Cushing
called upon the President to-day, &C.
companied by Secretary Evarts, and
had lengthy interview.