The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-03-31
GENERAL WASHINGTON DISPATCHES.

WASHINGTON, March 80, 1877.
THE CALCULATING MEDIUN-AMoUNT OF LEGAL
TENDERS AND NATIONAL BANK NoTEs-sTATUs
OF THE BANKING SYSTEM.
Tho issues OF national bank notes for tho month
werc sl97o,loo. Of which eighty per cent-viz.,
ST. $50 2s0 in grecnbackswcre destroyed leaving the
outstanding legal tender circulation $500, 656 2O4
The Comptroller OF the Currency says tho above
issue Is the largest amount OF additional circulation
paid out during month tor the past two years. and
that about twohirds Of the amount reissued TO
banks which had previously retired their circulation
and taken up their bonds
Tho amount Of national bank circulation outstanding
on January H. 1876 $751; o0O o0O The act Of that
dato authorized the Issue OF circulating notes without
limit subject existing laws, aud also provided that
eqcal to eighty per cent of the additional
bank notes issued should be retired OF legal tender
notes. Since that date $751; oO0 900 Of national bank
notes have been retired and surrendered and 900
Of additional circulation issued, making total de-
of $685. 900 Of national bank notes. the amount
outstanding being $31s, 100000
II the amount Of legal tender notes deposit for
the purpose oil retiring national bank notes. amounting
SIG OOO Co., be deducted tho OF national
bank outstanding, will leave $302 OO0 OO0
which is but slightly IN excess of the $780, 00O 600
authorized by tho National Bank of juno 1874 The
total issued under the act OF January H. 1875
to date was $24l79, 745, eighty per cont OF which
amount 49, 343 796 in legal tender notes. has been
retired BY tho Secretary OF the Treasury leaving the
amount OF legal tender notes now outstanding
1892 $50, 2o4 The Comptroller says that considerable
amounts Of doubtful paper, OF which, however, a
greater less proportion may reasonably be expected
to be recovered in future, beng charged to the
accumulated surplus OF the national banks.
AS a result OF the hard times as might DO expected
there signs OF weakness among some OF the banks
but as whole tho national banks OF the country arc
IN good condition, and III his opinion tho national
banking system will be stronger after having success.
fully sustained itself during long period of bust.
ness depression.
JOHN BRIGHT ON AMERICAN EDUCATION AND
THE LATE POLITICAL CRISIS.
General Eaton, Commissioner OF Education, has re.
ceived an interesting lotter from John Bright, the
eminent English pubicist acknowledging tho receipt
OF copy Of the Commissioners report the public
libraries of the United States. After expressing his
appreciation Of this volume which he says of itself
very strkingly indicates the widespread education OF
the American people, Mr. Bright says. with reference
to our late political crsis:-
There is great and satisfaction here at the
settlement of your Presidential difficulty and the
good OF your people is admitted and admired on
this side OF the Atlantic"
THE CHARGES AGAINST Ex-coNsuL GENERAL
SEWARD.
The charges against ex- Consul General Seward now
Minister to China, said TO be the result of an old
quarrel between Mr. Seward and tho present Consul
General There is nothing in tho Department OF State
showing anything whatever discrcditabc TO either Mr.
Stewards public or private character.
SUPPLIES FOR THE INDIAN sxRvrcE-pno-
PosALs INVITED.
The Commissioners oil indian affairs to-day sent out
advertisements inviting proposals for furnishing be-
tween 81 600 900 and $1,000 600 worth OF supplies &C.
for the Indian service during the next fiscal year.
Among the items specified about 35 0oO 600 pounds
oil beef tho hoof, nearly 6,o00 900 pounds of -four
9Oo, 600 pounds OF sugar, about 500,OOO pounds
OF coffee, 1000 pounds OF bacon, and some
co 900 barrels OF tobacco, besides large quantities OF
blankets clothing, dry goods, hardware notions and
medical supplies. Proposas invited for about
5000 COO OF transportation for such supplies as may not
DO contracted to be delivered at the several indian
agencies.
Blank proposals and schedules will be furnished on
application the Indian once at Washington or TO
various other addresses specified In the advertise
men,s. The sealed proposals will be received at the
New York Office, No 10 Leonard street, until noon on
commissioner.
THE LOUISIANA COMMISSION.
General Joseph r. Hawlcy, of Connecticut and
General J. N. Harlan, of Kentucky, members OF the
Louisiana Commission, had lengthy interview with
the President tonight.