The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1877-05-18
HIkGTGN.
Sale of Bonds.


WASHINGTON, May lion the 18th, 18th
and 10th of the present month $2,644,0 900 worth
of IL per cent bonds were taken, and to-day
81 100000, making an aggregat, Of $4,194, 900
coin to this amount already been placed in the
treasury.
ments.
Senator Patterson of South Carolina claims
that the President told him recently that he
should only appoint Republicans to the office
in the South. 1t is understood that at one
time the President had different intention.
South Carolina Democrats intend to overthrow
the colored control of the State University by
refusing appropriation for it.
Grant 10 Hayes.
President Hayes returned to Washington
shortly after o'clock this afternoon. On his
arrival the President was handed the following
telegram dated "On board steamer Twilight"
this morning:
Mrs. Grant joins me in thanks to you and
Mrs. Hayes for your kind message received on
board this steamer after pushing out of the
wharf. We unite in returning our cordial
greetings and in expressing our best wishes for
your health, happiness and success in your
most responsible position. Hoping to return to
my country to find it prosperous in business
and with cordial feelings restored between all
(signed,) u. S. GRANT.
The Assaults ON Revenue Officials.
Mr.. Rogers, acting Commissioner of Internal
Revenue, has referred the kilograms from Col
lector Rives at Lynchburg, Va, urging the &C.
count of the assault upon and the shooting of
U. S. officials in the discharge of their duty, to
the Attorney General who will issue instruc-
tions for the prompt prosecution of such Offend
ers The outrages create profound sensation
at the internal revenue office and the subject in
all probability will be considered at the. next
cabinet meeting with view to the employ
ment of troops to assist the revenue authorities
in the performance of their duties and for their
protection against outlaws.
The Pay of the Army.
The Attorney General in resi- onse to a cues
tion submitted by the Secretary of War wheth-
er it will be lawful for him to instruct pay
masters in the army ID endorc, upon the back
of officers vouchers for pay the words "within
account is believed to be correct and would be
paid by me if had public funds available for
that purpose, decides that such an order can
be issued without violation of the law, and
that paymasters can then transfer their &C.
counts to Drexel, Morgan & Co., who have
offered to advance money for the settlement of
such accounts.
various Matters.
The post-office department will continue the
issue of official stamps, etc., as heretofore un-
der the recent decision of the attorney general
Receipts Of revenue to-day, 1876, 900; customs
100000.
The World says that the President next
week will make large number of foreign ap-
pointments, including S. X. johnson of Louis
lana as minister to Venezuela.
1t is ststed that ex-Prof Greene of South
Carolina University, is being urged by ex-Gov.
Chamberlain for the Haytien mission.
The World says that Messrs. Blaine and
Hale of Maine have had hot words oyer the
endorsement by the latter of the Presidents
Southern policy, and that Mr.. Morton is to
champion President Hayes against Blaine in
the Senate.
The President and family will in day or
two leave for the Soldiers Home in the vicinity
OF Washington to remain during the heated
term.
The superintendent of the mounted recruit
ing service has issued orders disseminating the
recruiting rendezvous at Boston, New York,
Chicago and Indianapolis.
Secretary Sherman's Financial Policy.
New YORK, May lit is stated that the
Secretary OF the, Treasury contemplates pub
fishing within few days an official explana-
ton of his financial policy far as it relates to
the execution of the resumption act of Jan. IA,
1875 He intends to adopt no aggressive meas
ures, and the course he will pursue, instead of
crippling the industries of the country or en-
barrassing its finances. will promote the inter-
ests of both. His purpose is simply to execute,
both in its letter and spirit, the act providing
for the redemption of legal tender notes on the
LIST of January, 1879. The method adopted is
that authorized and provided by law. In ac-
COIQdQC6 WIFI LILO pToflSlOuS VI ILLS dCI Iuo
the volume of outstanding legal tender notes
is now being gradually reduced simultaneously
with the issue of new national bank notes. but
the amount of greenbacks still outstanding is
SCI, 494 404 in excess of $500, 900. the mini
mum contemplated by the act to be kept in
circulation until January, 1879.
To prepare for redemption of this $300,0O000O
OF legal tender notes in coin at the time fixed,
the Secretary now contemplates the sale of
$100.000,000 worth of United States bonds at
par in coin. the proceeds of which he will hold
as a special redemption fund. The sale of
So, 0O0, 900 of A per cent. bonds, negotiated bv
the Secretary and the syndicate last week. was
the first of a series of sales by which it is pro-
posed to obtain this fund.