The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-11-29
GENERAL WASHINGTON DISPATCHES.

WASHINGTON Nov. %. 1879.
THE REPORT OF SECRETARY sHERMAN-sUM-
MARY OF IT'S FINANCIAL PosITIoN-RECoM-
MENDATIoNs IN THE PRESIDENTS MESSAGE.
The National Republican of tomorrow will publish
wlht purports to outline some of the features
tanned in Secretary shermans forthcoming report.
The Republican will say
The forthcoming annual report of the Secretary of
the Treasury made public in a restricted and
surreptitious yesterday and its purport tee
graphed to New York. where it produced very little,
ii effect in Wall street. From this IL is to be
inferred that the recommendations contained
therein while they are cknowledged to be of great
Importance. so conservative to avoid any
commercial affairs.
1t is understood that the Secretary does not go
currency the President does in his
sage; for he does not suggest the actual
that the national banking system shall
be retained and encouraged legitimate aid to
the government in supplying currency, for gem
line of personal private business en-
terprise. But he recognizes the necessity and
availability Of an interchangeable currency such
the greenback system furnishes and does advise
any interruption in the issue of government notes.
The repeal Of the Legal Tender act ia discussed at
length and suggested or recommended
The effect of the adoption OF this suggestion. as
explained to the National Republican by prominent
banker who read the report yesterday. would be
to compel in the future explicit understanding
garding commercial contracts. whether they should
be paid in paper coin. The argument
il advanced that greenbacks are now par, and
will remain for indefinite period this compul-
sorry understanding would not incon venience any
one, for the reason that the interchangeabty of
tho several kinds Of currency will naturally be
strictly preserved.
Much Of the report is devoted to details and re-
citals of the operations of tho Treasury and its
several divisions and bureaus. all of which have
been printed from time to time matters Of routine
occurrence.
The Republican, in to morrows issue, recurring to
its alleged synopsis of the Presidents Message
which was published yesterday morning. will say
AS to tho omissions in our synopsis there are the
best Of reasons for believing that they inmate
rial. They reler to the International exhibition
progressing at Melbourne. in Australia. this year,
and to To- the exhibit ts ssss:
at Melbourne, he announces. that the appropria-
ton therefor was inadequate and suggests that an
additional appropriation shall be made as soon as
convenient to defray necessary expenses incident
the increased exhibit at sydney.
Referring the condition of affairs in Alaska tho
President aludes to the fortuitous appearance and
Interference of the British vessel Osprey at
Sitka during the troubles In that vicinity
last spring, and then recommends the inn
mediate establishment OF territorial judiciary
in Alaska. Practically this recommendation
regular territorial form of government. The
sons advanced to support this suggestion
viii be served by prompt trials of
offenders against the laws of the United States in the
Territory where their crimes may be committed.
Under tho present system prisoners and witnesses
are transported at great expense to Oregon and
| California, where such trials now held. This
/ occasions great delay well expense. both Of
which would be avoided by the organization Of .
local judiciary as suggested.
THE DISTRICT CORRESPONDENCE.
The President has appointed Major Thomas p.
Morgan. the present Superintendent Of Police. as
Commissioner of the District to nll the vacancy
caused by the resignation of Mr.. Seth L. Phelps.
The commission of MIR. Morgan will be sent to him
tomorrow. The appointment is for the unexpired
term, which ends June 30, 1880.
THE WAR PORTFOLIO
| Ex-senator Ramsay. of Minnesota, is expected to
arrive hero tomorrow, having advised the
President that he would reach Washington
about the LIST of December. 1t is generally
believed that he will be minated to succeed secre-
tary McCrary. 1t is stated that Senator Ramsay left
his home In st. Paul last week. having previously
arranged his business for long Of absence.