The New York herald., 1878-07-11
SHERMAN ON ASSUMPTION.
1HE SECRETARY OF THE TREASURY coNFERRINa
WITH rrAnrNc vtNANctppc

The SECRETARY OF THE TREASURY coNFERRINa
WITH LEADING FINANcIERs.
John Sherman, Secretary OF tho Treasury, who
arrived this city on Tuesday, paid visit yester-
day 10 the different department connected with his
bureau. He visited the sub-rrcasury at ten O'Clock
A. NJ. Among those present General Hillhouse,
Collector Arthur Mr.. Luckcy, OF tho firm of Belmont
Co.. and some other bankers. In response TO note
from several leading banking firms, asking inter
view with hun on tho question OF the resumption Of
specie payment, tho Secretary appointed this morn
ing to receive then. He next proceeded to the Gus
tom House, accompanied by Collector Arthur, and
spent OF hour discussing the changes
In the customs service, mado necessary by roccnt
laws passed by Congress, and by tho rccommsnda-
tons oil the Jay Commission, which gradually being
enforced. Ii was Of general discussion OF Custom
House management Tho secretary went from tho Gus
tom House 10 Surveyor Mcrritrs Office where another
general discussion took place as 10 The methods Of
nagng that department. and particularly the qucs-
tion OF the new Barge ONCE In this case Secretary
Sherman urged tho speedy convsyancs OF the prop
ory by tho city 10 the government a under the law,
portion OF the $2lO 900 appropriated by Congress
for the erection OF tho buildings and tho extension Of
the sea wall can be used until tho property is con-
veycd by the city.
The Secretary lett tho Surveyors oGcs at hali-past
three M ana after lunsn'ns a, DcmonS. Co started
10 spend the afternoon and evening with lew
frionda
The HERALD reporter had an interview with Secre-
tary sherman. when the following iaots wore
learned MIR. Sherman said that his visit 70 this city
for the purpose OF recreation and rest, out while
here, ne proposed to compare notes with hnanci.i
mon and huancial Institutions IN order 70 bring about
"a speedy voluntary resumption OF specie payment
without tho necessity Of q formal order 0y the gov.
srnment
He said that with gold a, premium OF only three
eighths per cent we are practically al resumption
now, and that resumption was conceded fact. He
asserted that the Treasury strong enough, and
that enough gold hand
meet all tho requirements OF the resump-
oa Sss -, mon's opdes ns a to
tisn, proposes TO compare his v,ews, which are
well known ard Armly established, with those OF
bankers and hnancisl men generally, that there
stall be porfocs harmony among ali classes whose
interest 1t Is 10 bring about permanent resumption
Of speole payments without any derasfe"sn's Of
Tho Secretary denied that visit had auyih 10
do with treating with syndicate for placing she pop
ular four per cent loan, as mad besn rumored. He
claims that tho people are taking thcsc bonds freely
and that u would be impoiisc 10 deprive them si tho
tho governments direct. He also deaied that his
had any Doarog on tho bonds whatever. except that
he Is ready and willing 10 sell all the four per cent
bonds Tor which he can find buyers
SPEC ULArIoNs IN WASHINGTON ON TEE PuR-
POSES or THE sEcaETARY's VISIT.
wAsuiyGroS. July 10, 1878.
There 10 much speculation here well % eiaowhcre
upon the subject OF the visit OF Secretary Sherman 10
New York Many believe, and II Is to be regarded
with good reason that the visit Of the Secretary has
reference to an early resumption OF specie payments
and II Is known that there has been discus
sion among prominent Treasury officers hero
as 10 tns proprety OF soon paying
the smaller gold coin. Mr.. sherman wss particularly
guarded before HIS departure from Washington In his
answers to all inquiries as TO the meaning OF HIS visit
TO New York. SO that those who sought 10 know tho
object OF II we're Obliged TO content themselves VITA
tne ASSURANCE that is Is upon public business
VISIT Of a YOrk iQ
closely related with that OF Mr.. sherman The Secre-
twry will probably be absent tor some tme, is at
tended by MS Private Secretary, Mr. BabcOck, which
is an indication that thero will be considerable official
businers performed during his stay.