The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1878-11-13
WASHINGTON CITY.
Ones and Twos in Abundance

ones ana y H"Os IN Abundance.
National Associated Press to the Star.
WASHINGTON, Nov. 13-Secretary Sher-
man intends to settle once for all the dis
cussion in numerous newspapers OF the
idea that an order has been issued 1or the
withdrawal of the one and two dollar U. s.
notes. He remarked that parties holding
drafts upon the Treasury can obtain U. 3.
notes of whatever denomination they may
ask for. If the holder of a U. s. draft for
$500, 600 were foolish enough to ask for the
whole amount in ones and twos, the Treas.
urer would comply.
President OH the Southern Policy.
The National Republican of to-day con-
tains an interview with the President upon
the Southern policy, in which he said:
when that policy was inaugurated it
was with an earnest desire TO conciliate the
Southern leaders, to round off sharp angles
of sectional difference and to soften the as
perites of political strife. No one will
deny that the attempt to enforce this pol
icy was most earnestly made, nor that it
was carried out wi h a conscientious desire
to accomplish the result for which it had
been inaugurated. Of the personal and
partisan sacrifices made in this effort, and
of the consequent interruption of certain
relations which had previously existed be-
tween myself and some of my supporters,
have nothing to say just now, but II appears
the leaders who made those pledges either
did not exert themselves TO keep them or
were unable to do so In fact, Lam reluct-
antly forced to admit that the experiment
was failure. The first election of import
ance held since it was attempted has proved
that fair elections with free suffrage for
every voler in the South are an impossi-
bilily underthe exi tingcondition of things.
Il is not because the Republican party ap-
pears as the sufferer in these results that
complain; it is because free suffrage and
freedom of political rights have been inter-
fered with that / am called upon to take
cognizance of these disturbances. If the
facts were exactly reversed, and if the Re-
publicans had committed these outrages
upon the Democrats, my duty would be the
same All | know is, that great crimes
have been committed and it is my duty to
aid in the punishment of the criminals"
Exchanging Bonds.
WASHINGTON, Nov. 13.-The Secretary Of
the Treasury has just issued the following
important circular:
TREASURY DEPARTMENT,
OFFICE OF THE SECRETARY.
WASHINGTON, d. c., Nov. 18Th, 1873.
ANY person subscribing hereafter for four
per cent. bonds, consuls of 1907, authorized
by the act of July l4th. 1870. may pay for
them with any of the five-twent. bonds of
the act of March Sd, 1865, redeemable at the
pleasure of the United States, after the
first day of July. 1870, in the same way as
ii they were called at the date of subscrip-
ton in regular course. The subscriber TO
avail himself of this privilege must ac-
company the subscription with a full
description of such bonds by
numbers and denominations, and must
within thirty days thereafter forward the
bonds to the Department to be applied like
called bonds Of the amount issued of the
above described tive-tweny bonds there is
now outstanding and uncalled the amount
of $26 0S5, 100.
[Signed] JOHN SHERMAN, Secretary.