The river press. [volume] (Fort Benton, Mont.) 1880-current, 1881-03-16

- Will ~ was .. =. yauatIDOoIs pFesl1el
OF the club, sat 81 the head OF the table vi,
r the guest Of the evening on the right. III
chairman proposed the health Of Gener
Hancock, which was drank with cheer
When Gen. Hancock arose to reply he ws
greeted with another round Of cheers. II
, thanked them FOR the honor conferred &
him, and though the qnestion as to his ear
didacy for the highest office in the gift Of th
people was close one, but he still animate
the principles which governed him when b
accepted the nomination, which principles b
hoped would soon prevail, as in his opinion
they would operate for the best interest O
the country. In regard TO the canvass, Ii,
had no fault to find and nothing to retrac
from what ne had said. Commencing thu
principles OF the party he represented h<
again thanked the Club and took his seat
which was the signal for another outbreak OF
cheers President Vanderpool announced
that other distinguished guests were expected
to be present, but were unable to attend ow.
ing to illness. He referred to Ex- Governor
Samuel Iilden, Speaker Randall and Major
Grace. Other speeches were made in re-
sponse to toasts and the distinguished com
pany separated at an early hour.
egzpe-p, sasa4-~-----~-
Fk'e National Ranks Withdrew <,fGfrcs.-
zadzon.
WASHINGTON, March 9,-Upto the close Of
business at the Treasury Department. to-day.
secretary Window had not rendered de-
clslon upon the pending request Of the Nation
al banks, that they be allowed TO redeDosit
United States bonds IN the treasury and With
draw the legal tenders recently deposited for
the purpose Of retiring circulation. secreta-
ry Windom,s conversation on the subject to-
day referred to the question as one Of national
Importance, and said he was most desirous Of
having it determined at the earliest Dossih1a
moment, but owing to the great pressure of
business had not been able 70 decide. n
guesses made OF the soff1cers Of the Treasury
70 the authority upon which the present regu-
lat1ons OF the department rest elected many
varying opinions. The comptroller of the
currency stated that the question had never
before been presented to the department for
9 decision, and that in no case when bonds
prominent UII1Uu1, ~. s. Ia
during ex.Secretary BristoW's administration,
the question was orally decided against per
mitting the surrender of lawful money depos-
tied. The officers referred TO maintain that
there is nothing in the law which authorizes
such surrender, and that the statutes express
" provide for the mode Of procedure, which
has invariably been followed by the depart
ment, namely. that the deposit OF lawful
money once made to retire circulation cannot
be surrendred, but must be held until expend-
ed n the redemption OF the circulation OF the
notes of the bank making such deposit
Originally, it is stated, . National bank was
not permitted to take out new circulation
until its deposit Of lawful money for the re-
dempton Of its circulating notes had Deen
entirely exhausted. Legal tender notes de-
posted to retire the circulation OF National
banks, are not laid aside in the vaults OF the
United States Treasury, but enter into It's
cash, credit being given on the books to &C
count for the redemption Of notes, if the
bank depositing and the notes redeemed
being paid from cash and charged to account.
| When asked what the effect Of q decision ID
| favor of the withdrawal Of legal tenders
| would have on the Treasury, United States
Treasurer Glfillin said s'lf the decision
shall be Of general character that IS not
confined to deposits made pending the funding
bill. it will effect about $50, 900, O00 Lew
! P. Morton called at the Treasury Department
and expressed himself in opposition to the
surrender Of legal tenders BY the govern.
ment.
| Terrible Earthquake as the Eass 1naEes