Morning journal and courier., 1881-02-22
News by Telegraph FROM ALL QUARTERS. RETIRING CIRCULATION. National Banks Dissatisfied With
 Refunding. . COMPLAINTS FROM ALL QUARTERS. President Hayes Asked to
 Veto the Bill.
 ConkIing's Visit to Mentor. The Treasury Portfolio Se- cured for New York.
ConkIing's Visit to Mentor.
THE NATIONAL CAPITAL.

THE NATIONAL CAPITAL. Refundfng = National Banks Retiring Their CIrcu1ntion-The President Asked to Veto the Bill-senator Conklfng's Visit to Mentor-Suceessful in Securing Cabinet Recognition for New York Silk Manufacture of the United States Other Matters.
 WASHINGTON, Feb. 21.-The Treasury de-
 tional banks in New York deposited on Sat
 urday $1, $40, 900 in gold to withdraw circu-
 lation. This is not taken as an indication of
 the intention of these or any other banks to
 withdraw their eirculation on account ofsthe
 per cent. funding bill. The surplus reve-
 nues in the Treasury now amount to $12,-
 GOO, GOO and are steadily increasing.
 The St0r this evening in an article pur-
 porting to give the results of Senator Conk-
 ing's visit to Mentor says: General Gar
 field said to Senator Conkling that while he
 had up to very recent period contemplated the selection of a western man for the Treas
 ury department, he was now convinced that the claims of the great State of New York
 were entitled to consideration for this office and he had made up his mind, if a candidate could be selected who would be acceptable to him. Conkling told General Garfield he had come to Mentor not so much to urge the claims of particular candidate for the Treas ury department as the claims of the great empire State. He urged that New York was really the centre and support of the financial policy of the Republican party. Then fol- lowed long discussion touching the merits of Judge Folger Senator Conkling conceded his ability and said he would be acceptable certainly to himself and the Republican par ty. Thereupon the President-elect told Conk- ling he would invite Judge Folger to Mentor, and if he would accept the place he would tender him the Treasury department. There is no doubt here among Judge Folger's friends in the New York delegation but that he will not only accept, but has accepted the place."
 The Secretary of the Treasury late this afternoon issued the 1O1st call of bonds for the sinking fund as follows: Coupon bonds $50, No. 27, ,OO1 to No. 29, 115 both inclusive; $1OO, No. 36, OO1 to No. 80, ,961 both inclu- inclusive; $1,oOO, No. 293, sO1 to No. 316,- s55, both inclusive; total coupon, $8, 337, 300. Registered bonds = $50, No. 2,744 to Mo- 2,778, both inclusive; $100, No. 17,175 to No. +, 361, both inclusive; $500, No. 9,O49 to No 9,141, both inclusive $1 ,OO0, No. 32, 732 to No. B, ,OS6, both inclusive; $5,OOO, No 12, 461 to No. 13,72O, both inclusive S1O,ooO, No. 90, ,6s4 to No 31, $50, both in elusive; $2O, ,OOO, No. 1,614 to No. 1,65S, both inclusive; $5O,OO0, No. 3,031 to 3,217, both inclusive total registered, $16, 662, 700, Aggregate $25, ,OOO, GOO. The bonds described above are those last dated and numbered required by section of the act of July 14th, 1870. Many of the bonds originally included in the above numbers have been redeemed or cancelled, leaving the outstanding amount above stated. The bonds embraced in the above call are known as 5 per cent. funded bonds of 1881; and the interest on them will cease after May 21st next.
 preliminary report upon the silk manu- facture of the United States has been issued by the census office which shows that the total value of the finished goods for the year ending June 30, 1880, was $34, 40. 463. Num- Der of factories 393. Amount of capital (real and personaD invested, $18, ,899, 300; looms, S,467. The greatest number of hands employed at any one time during the year was 34, 44O, and the total amount paid in wages $9, 107, 1885.
 At the close of business in the Treasury to-day five national banks had their circulation, namely, the American Exchange, Merchants Exchange, Third National and Chase National bank of New York; and the Western National of Phil adelphia The First National of New York has also retired it's circulation, but the certif- cates had not been registered at the depart ment before D. m. The total amount of circulation retired by the action of these banks is in the neighborhood of $2,O00, ,00O of which about $1, 400, ,0O0 is by New York banks. A telegram has been received by the Comptroller of Currency announcing that other banks in Boston and elsewhere will surrender their circulation.
 The statement telegraphed from here to- day that Senator Blaine has rendered his to the Legislature of Maine IS en- tirely without foundation. MT. Blaine will not resign his seat in the Senate until after the 4th of March. !The Maine Legislature will remain in session probably until the 18th of March. Mir. Blaine is rapidly improving from his late attack of rheumatism and he is expected to be outdoors tomorrow. He has not fully decided whether to make his pro- posed trip to Mentor or not.
 Comptroller of the Currency Knox re- ceived information this afternoon that $1,- 40O, 900 of national bank circulation would be withdrawn by the New York banks because of the act.
 It rumored here tonight that in case Judge Folger is appointed Secretary of the Treasury Mr l.. F. Morton will be made minister to England. MT. Morton was men-- toned for the English mission in the early days of the present administration.
 It is the opinion of a majority of the mem bers of the Ways and Means committee that the refunding bill should not be changed in any particular, as by so doing it's final pass age might be imperllled.
 The proceedings before the House Com mittee on Pacific Railroads were enlivened by the presence of the auditor of the Pacific railroads accounts and attorneys for the Central Pacific. The subject under discus sion was a recommendation of the auditor that the Thurman act be amended to compel the Central Pacific company to pay 50 per cent of it's net earnings instead of 25 per cent, the amount now required by law, into the sinking fund to meet the Indebtedness to the govern ment. The attorneys disputed the accuracy of the auditors figures as to the indebted ness of the company to tie sinking fund. They opposed any amendment to the Thur man act as the auditor proposed, and MT. Wilson said he was authorized to say that Huntington would draw his check or give bond for the payment to the government of any deficiency in the accounts of the road with the sinking fund when the amount of indebtedness was properly ascertained. Audi tor French arraigned the company with great severity He alleged that the business of the main line had been diverted to some roads by individuals and corporations and unknown to the government, that the business done upon the road had been charged to the account of branch lines and that the company had evad- ed it's just obligations in dealing with the government, He went into details to show bad faith on the part of the company in it's relations with the government.
 FORTY-sIXTH CONGRESS.