The Portland daily press., 1881-03-09
BYTE, EGR| !. !. !. |
WASHINGTON.

=.
The Banks and the Circulation.
WASHINGTON March 8.-4Assistant Secretary
French of the Treasury is engaged in prepar-
ing statement embodying the request re-
Gently made byinationai banks relative to with
drawal Of legal tenders which have been de-
posted to retire circulation upon adepositing
bonds which he will submit to Secretary VIM
dom as soon as completed.yorg saoi5ab5moi09ol
a a The New Cabinet. . g4a1 4 iIos
The new Cabinet, With the exception of the
Secretary of War, Lincoln, and Attorney Gem
eral Mcveagh, convened in regular session at
Secretary Kirkwood this morning formally
took charge of the Interior Department. The
heads of the different bureaus were introduced
TO him by Secretary SchurZ. After this cere-
mony Secretary Schurz repaired to the office
Of Assistant Secretary Bell, where he took
leave of the Department employees.
Mr.. Lincoln is expected tomorrow when he
win be sworn into office. g.4-o 7''S = i--'
Attorney General NcVeagh is absent in
Philadelphia engaged inf arranging his BUSH
ness affairs previous to formal entry upon his
duties here. With these exceptions the new
Cabinet members were at their posts at the re-.
spective departments today and attended the
meeting of the Cabinet. In the absence of
Mr.. Lincoln Secretary Ramsey represented the
War Department. The session Of the Cabinet
was devoted to discussing the question whether
or not the national banks shall be permitted to
substitute bonds for the legal tenders deposited
by them with the Treasury for the purpose of
Withdrawing their circulation. Consideration
was postponed until the next meeting of the
Cabinet. Meanwhile the Comptroller of Cur
rency and Treasurer of the United States will
submit their views upon the case. The weight
of opinion at the meeting today was that the
whole matter hinged upon q question of ruling
or departmental regulation rather than of law,
and that such decision should be made as
would the least injuriously affect the financial
and business interests of the country. .
Visitors at the Executive Mansion.
was among the callers on President Garfield
today. A delegation of Alabama Republicans
was also admitted. They presented state
ment showing the condition of their state and
earnestly requested the President to consider
the same. Reference was made to the election
dering detection and punishment impossible,
and it was stated that the elections of the state
are little more than farce. ,, s-strfr-t III
Gen. and Mrs. Grant called at the Executive
Mansion today, remaining about three-quar-
tiers of an hour. They will breakfast with
President and Mrs. Garfield tomorrow morn
ing. .aHtf ersF5 ersie sfa.-l5s es.,t r.-.' -.-
Noninationslby the President.
The President sent the following nominal
tons to the Senate today: Nathan Golf, Jr.,
TO be o.. s. Attorney for West Virginia;
Lewis Richmond Of Rhode Island, to be Con-
sui General at Rome; Jno. L. Frisbee of Michi-
gan, U. S. Consul at Rheims. 9ai e hG7a aa5
.6 ~. Revenue Surplus. . ii y. '''.
The Treasury officials estimate the surplus
of revenue for the remaining four months of the
present fiscal year at SAC, 900, 0O0. The sinking
600 available between now and June 30th, and
which the Secretary of the Treasury might use
under the provisions of the recent act of Con-
gress to purchase bonds for cancellation.