The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-01-29
FROM OUR REGULAR CORRESPONDENT


FROM OUR REGULAR CORRESPONDENT
WARRINGTON. Jan. g. 1877.
| THE PRESIDENT AND THE ELECTORAL BILL
EFFORT or THE EXTREMISTS TO OBTAIN
VETO.
President Grant has not yet sgnined that the Elec.
toral bill has been si9ned II could not reach him
unit, very late hour last night owing to his absence
in Baltimore with all tho Cabinet except the Attorney
General. aud no docs not make IL a practice TO 90
INTO his onlcc or transact any secular business on
Sundays except In cases OF extraordinary emergency
Attorney General TAFT. who although understood 10
to be opposed to tho bill in the MAN, and to side with
Senator Sherman In hts views antagonistic to H. says
to- light that there doubt the President will sign
the bill
On Friday night and during tho following day
there was consultation Of tho leading Senators OPP
posed tho bill, and a very strong pressure was made
on the President to have hm veto the bill II Is said
that y was 70 escape these opportunities that BIO
abscned himself IN Baltimore yesterday. and returned
under the protection OF Sundays conceded secuson.
REMOVAL OF TROOPS FROM THE NATIONAL CAP
ITAL-wAsHINaIoN SOCIETY DIscoNsoLArE-
THE EMERGENCY REGARDED AS AT AN END
Washington society, particularly the lady portion
thereof has been IN a state Of gloom and dependency
to-day over the announcement which, 1t is said, will
DO officially promuga tomorrow, that all the troops
which hcrc would be back thor respcc.
tive stations 1t is understood that Secretary of War
has already issued orders for tho
MES belonging to tho arsl1cry school Fortress Mon.
roo and will further direct Tomorrow tho remain
ing companies, composing tho temporary garrison of
Washington, DO sent back To the posts and stations
tho Atlantic coast and elsewhere from which they
wero taken ut election time. II Is likely,
therefore, that by noxt Thursday. whom the
counting OF the begins, thcre will DO single
soldier In Washington.
General Sherman, upon being asked tonight about
this movement and II therc anything In Il, nm.
swcred that the companies belonging the artillery
school Will PROBABLY Old Point Comfort to re-
sumo their studies. One Of the Generals staff officers
says that the movement probably means only the
establishment the artillery school, which had boeu
suspended, owing TO the presence elsewhere OF tho
troops belonging to II during the election excitement.
The removal or tho troops is otherwise 10
mean belief tho part OF tho Cabinet that The sou
ton of tho Presidential controversy IS no longer at
tended with any likelihood of trouble danger here
or elsewhere 1t Is also said that the impetus given
trade and business and tho national credit by the
adoption OF the Compromise Electoral bill In Congress
act the removal OF the troops from the capital
and hence President Grant's promptness to second
motion so fruitful OF advantage to tho financial ana
commercial interests Of the country.
REORGANIZATION OF THE ARMY-REPoRr OF
THE COMMISSION APPOINTED BY THE PREsI-
DENT.
Tho commission appointed by tho President to de-.
wise plan for the reorganization OF tho army signed
tonight, brief report, in which they say they have
collected quantity OF information, but have
been unable TO prepare a plan in tho time al.
lottcd 10 thcm, which expires on Tucsdny. Tho
Secretary OF War and the General OF
tho army, together with two mem bcrs OF the Senate
and two OF the House, constitute tho commission and
do not ask further time Their report TO tho Prcs
O mi
zatton and pay OF the army exactly formulated In
which pcnding In the Senate Military Com
mittee and which were analysed IN the HERALD two
three weeks ago.
RUMoRs OF ANOTHER TREASURY swrNDLE-
UNCLAIMED INTEREST ON REGISTERED BONDS
ALLEGED TO HAVE BEEN COLLECTED on
forged POWERS OF ATToRNEY-TREAsuREh
wYMANs EXPLANATION.
Rumors of another Treasury swindic, this time Of
Ingenious contrvapcc, anoat here day. Persons
familiar with United States bonds know the distinction
between the coupon and the registered kind. Tho
ter arc payable. principal and interest," Only
10 the person whose is inscribed
in the bond. For greater security largo
amount of trust funds for widows, orphans
estates and the like invested In these bonds. 1t
has happened in tho course of time that larg,
amounts of these bonds have been lost mislaid or
tercst, which IS set aside In the Treasury against
them, has accumulated to the extent OF several mill
ions OF dollars. This fact is said to have
prompted the cupidny of dishonest parties
10 take advantage Of the failure or ignorance
OF the bondholdcrs to assert their claims In
tho matter OF tho unclaimed interest Registered
bonds pass from one person to another by power Of
attorney, and ownership the books of tho Treasury
is transferred only by such power of attorney Advan
tage have boon taken OF these circumstances
to perpetratc 1t is alleged forged powers Of attorney
tho names OF the bondholders having boon supplied In
somo way from tho books Of the Treasury,
ana tho unclaimed interest drawn out by the
swndlers Tho fraud was discovered by the receipt at
tho Treasury duplicate powers OF attorney tho
interest tho bonds. Many OF these bonds Ito
for years in tho Treasury, owing to tho neglect abb
from the country Of tho holders, who col.
tent to let tho interest accumulate.
Treasurer wyman says tonight that the rumor
Of forgery is incorrect, and he explains II
as foows:-Ho says that $2,O00O00 or
So 00o, 900 of unclaimed interest on bonds
resting In tho Treasury suggests extraordinary
inducements to the claim agents who swarm In WASH
ington These agents arc constantly tho lookout
for tho owners tho bonds in obtain the lob
OF collecting the interest for commission. In his
search claim agent sometimes gets hold OF q wrong
party Of the same numc from whom, having had il
Represented 10 Nun tHaJ CERTAIN UOnOS ktauu 10 MS
credit ut tho Treasury, tho agent pro-
cures power Of attorney, which enables
the agent 10 collect the interest. In this way, and by
no other error, says Treasurer wyman. moneys have
been enormously pnid out. But such moneys have
invariably been refunded after tho detection OF the
mistake and tho treasurer has not lost dollar.
II appears IRON Treasurer wyman's explanation
that the interest registered bonds almost nvara-
biz ted, not by tho real holder but by agent
holding his power OF attorney.
CONDITION OF THE APPROPRIATION BILLS.
Congress being behind hand in the appropriation
bills rs Mr. Holman's intention to ask for night SEES.
sions every night this week except Monday for the
nnrnnsc of considering Them for tLer0 Is not much