Evening star. [volume] (Washington, D.C.) 1854-1972, 1883-11-06
The National Banking system.

Flnn repair frames 22 and :ssal street northwest
slo0.
The National Banking System.
VIEWS AND RECOMMENDATIONS OF CONTROLLER KNOX
As TO HOW 1T CAN BE SUSTAINED.
II Is said that the forthcoming report Of Control
Ter Knox will contain number OF suggestions As 10
how the banking system NAV be sustained The
controller will argue that the surrender OF bonds
viii not really immed lately endanger the system
for the banks Will exist under the law OF ise 80
long rs they hold the minimum amount or bonds
permitted. which IS ont-fourth OF the capital for
banks having $50 O0 capital and $50 900 for LARGER
banks The banks hold enough OF the four and four
ah[a-haf per cent bonds 10 prevent the circulation
gong below what IS indicated by these figures
The controller Will recommend. as The best method
OF preventing the rapid payment of the public debt
the iurther reduction of the revenue. He will ar
que In favor OF material decrease of tariff taxa
non; The second suggestion wifi be the conversion
OF me ionrs into three per cents the government
o1erlng the holders an induceinent in the shane of
premium. Last year, when the tours were selling
Tor traction more than 1l9. Mr. Knox argued that
Is was the proper premium to pay the owner of a
four per cent bond in return for its surrender for
three per cent The present market price OF a four
is about 122 so that the offer would have TO be
ABOUT Ia The government, In Mr.. Knoy's opinion
would make pront by buying AT this rate and ex-
changing the fours for threes. The controller WILL
IL Is SAID further recommend the abolition OF the tax
onciculation on the ground that banks are contract
ing the currency now because they make 70 profit
on IL: lie Will also recommend. as measure that
VIII lnduce BANKS owning called threeS to replace
them with four and fourand- per cents that
circulation equal 10 ninety per cent OF the market
value OF the bonds be granted instead OF, as low
ninety per cent OF the face value The cont roller
thinks That without some remedial legislation. the
nahks VIII give up their circulation and permit
contraction OF the currency of from $36t1 900 TO
l1l,N0,0tO OF bank notes
HELD FOR AN ASSAULT WITH INTENT TO KuL-In
the Ponce Court this morning Thomas Madden
was Charged with assault and battery with intent
10 Mi James Dean on the night OF October 10th
last. Mr. Dean testified that he in COMPANY with
MI ArenSburg. went Ia Nr Readv'5 saloon 10 get a
drink: that he net Madden there; that Madden
urea 10 PICK quarrel with witness; that the bar
ket,i'ef had some trouble 10 get MI. Madden and
MI Wdikup out: that after he had closed the
bir-room witness went out and stood on the corner
taking TO some friends: that Mr. Madden and Mt.
Nalkup came up: that Mr. Madden cut witness in
lhe groin In The E"shy part of the leg and also
either side OF his body. The case was sent 10 the
grand jury: bonds 500. Joseph Walkup was held
as witness
RECOVERED HIS CARRT.GE.-Mr. Dudley whose
horse and buggy was stolen from in front of DIews
drug store, corner Of 9th street and fennSy yania
avenue. saturday, and who afterwards as stated
In iHE STAR, recovered his horse. without the
buggy. on Benning road, to-day found the buggy
at Patterson Place neal the northeastern boundary.
The buggy was somewhat damaged. and two shawls
Were found in il. II had been picked ~ on the road
ana taken there Tor safe keeping.
MARRIED IN THE COURT HoUsE--To-day Mr. W
T. Beilelln1nn and Mss Mary A. Baker. a young
couple from Baltimore. with matrim0nIal aSpra-
lions We're shown into the clerks Office al the
court house. and marriage license having been
VI. a. L
The knot Oh the spot.
Wills FILED To-D,Y.-The will of Ellen Ed
mundS which WAS filed with the register of Wills
today, leaves her real and personal estate to her
children. The will 81 the late Albert ~ perrottit
also fled lie leaves his proner;, TO the chill
dren OF his deceased brother. Louis L. Pcrrottit.
ST. JAMES CmuRcH.-The work on the founda-
lions OF the new st. James L. T. church, on sih
street. between and northeast, Is being pushed
forward rapidly. The nave of the church win be
buiit irSt and it is expected that this part Will be
completed by January so that service. can l,a held
There II VIII be large enough to accommodate 800
or 400 people.
RUMoRS OF REsIGSATION.-The statement has
been published that Mr. Elmer, the Second Assist
ant Postmaster General. had connected himself
with a new company. that intended TO furnish and
SuIah'te pondS Tor persons holding positions OF
trust and that he would shortly resign his present
position Mr. Elmer is now in New York state
Where he Went 10 Cast his vote but the department
officials know nothing OF this rImored resignation
and are hot inclined To credit ii.
CALLED UPON THE Observation-Disclosures Miller,
California, aud DOlps. Oregon. and Speaker Keller
Called upon the President this afternoon.
INVOKING BLESSING on THE PREsrpENT-Caro-
line r. Talbot, minister OF the Society OF Friends
from Mt Pleasant. Ohio. called at the White House
to-day with the prayer OF Gods blessing upon the
President
THE CABINET MEETISG.-The Cabinet meeting
'uio dlueihoof WIS very DfltI, ana no business OF
Importance was transacted. Secretaries Lincoln
ana Teller, the Postmaster General and the Attor-
ney General. were the only Cabinet officers present
all the Others being out Of town No selection Of a
surgeon general Tor the army was made.
THE Observation-Disclosures Badger, COM
manding the Boston navy yard. reports to the
Navy department that the L. s $. Shenandoah was
put in commission at that yard at one O'Clock YES
tcrlay Afternoon. the officers and crew being on
DO nd. Ii Is understood that the Shenandoah will
De ordered 10 lOil the Pacific suualrOu-
THE ORDER directing Capt. James NJ Marshall,
assistant quartermaster to report to the command
ing officer Fort Monroe, virginia. for duty at that
post is revoked and he will report in person to the
department OF Dakota. to relieve Captain Daniel
d. Wheeler, assistant quartermastfr. as depot
quartermaster at st. Paul, Mimi. Captain Wheeler
will proceed to Fort Monroe, Va. for duty.
PATENTS were issued to-day as follows: Albert G.
Brust, Washington, metal growing tool: Chas. #.
Cochel, UniontOwn. Md. window shutter: Thos W.
copper, Portsmouth, Va fly fan; y. d. Collins, Snow
Hin, Nd cartridge pouch; ThoS Elliott, Norfolk
Va. self adjusting hatchway; John S. Gallaher,
Washington, roller skates; John W. Osborn Wash, |
ington, electrical apparatus for and method OF con-
trolling paper, etc., ChaS. Schiller Baltimore, ap-
paratus for treating Offal; p II. sweet. Jr, WASH
1ngtOn, two patents, instrument for attaching but
tons to fabrics; Chas j. Cary, Baltimore, type.
COMMISSIONS were issued to day to s. Brown, post
master at Lee Hall, Va: r p. Baker, Black Lick,
The Courts.
COURT IN GENERAL TERN
=, Monday, Langdon agt Evans; opinion by Judge |
Hagner Affirming Judgment below Raub agt |
Court IN GENERAL TERM
To-day, Keller agt. Ashford; DEFENDANTS death
Reed agt Harmon; on hearing
EQUITY COURT-Judge Hao,,pr
To-day Byrns agt Barry; ratification of trustees
report. johnson agt- Johnson; testimony ordered
Rutf