New-York tribune., 1896-12-27
WASHINGTON NEWS NOTES.
THE BELGIAN MINISTER PRESENTS HIS
LETTERS OF RECALL.
CHANGES IN THE BANKING LAWS DISCUSSED b
W. L. ROYALI. AND CHAIRMAN WALKER
FUNERAL OF CAPTAIN LEMON-NOTEs

FUNERAL OF CAPTAIN LEMON-NOTEs
on NAVAL PROGRESS.
Washington. Dec 26.-The Belgian Minister. Alfred
lie CHAT. visited the White House this morning. ac-
companied by the Secretary Of State. and presented
his letters Of recall TO the President NJ lie Ghait
has represented Belgium in Washington since May
"a 1852 when he wes received by President HarrlS9n
ana he has now been promoted 10 the Russian MIS-
sion. which is Of the highest posts IN the Besian
Diplomatc Corps fni,l new Minister suceeeis M ~,
Ii CHAT in this ciiy. Whic Is expected 10 he without
much delay. the affairs of the Legation viii ne IN the
care OF Maurice J0Osions. counsellor. as Cnaree
d'Anares
William I. Royal. OF Richmond. Va who made
so favorable impression on tne House committee
on Banking and Clrrt tncy G." FIi.s" of last week
has written letter TO ihe chairman. Mr. W9ifeT OF
Massachusetts sunpementina- the statement made al
tha time ,hat what The South. North and Wesl want
Is a liberal banking TEN rather than favornS any
particular systcm NJ. Royal writes that II amend
men,s he made % the National Bank aw aoan-
doning tine requirement of Governmon; bonds AS
basis for circulation and allowing the banks TO issue
upon their assets up TO the limit oil ineir
capital but still subiectng them 10 the control OF the
National Government. We should never hear agan
about the financial question: but. on the contrary
peace and far as finances are concerned
would obtain in those regions" Mr. Royal further
says that ne believes the entire Southern vote wouh
be given 20 bill allowing the Treasury TO issue
low-rafe Government bonds TO take up iegal-tender
and Treasury notes. providing such a bill would re-
peal the 10 per cent tax on State hank notes
To a United Associated Presses reporter MIR.
Walker said: There is dlhiculty whatever in
complying with the suggestions made by MI royal
and at the time strengthening rather tnan
weakening the National system provided the banks
will pro rata the current redemption oil Inc
legal-tender notes in proportion TO the notes tne
banks are allowed issue against their assets. II
any general bill IS reported by ihe Banking and cur.
Committee
Whai would be the egGt 81 MT Wnker "S was
nsE asked dP"' tax o" STATE 0'""'' ,... '''. - 49,
With the existence of the legal-tender notes the
Treasury notes and the silver dollars II Wouu sNs =,
us financial chaos If they were not in existence II
would give us a far more equitable, economical ana
better banking system than we nave to-uay. ,.
What measure of safety IS there in issuing notes
against the banks assets only? ,,,s an tho dol.
lar create safety fund. it would be in every re-
fact no currency notes issued by banks anywhere
in the civilized world that | can recall that are
not so issued except in the United states.
The funeral Of the late Captain George +. Lemon
took place this afternoon in the New-York Avenue
Presbyterian Church The Rev. Wallace Radcliffe,
pastor OF the church. oiiciated John a. kawHns
Post, 6. A. r.. and members OF the Loyal Legion
with both Of which Captain Lemon was connected.
attended the services and accompanied the body 10
the tomb Of General John A Logan. in Rock Creek
Cemetery where il temporarily deposited ny
IT, Home The rrocossion passed through the
grounds Of the National Soldiers Home. am the
veterans paid their tribute TO q former conrS"'.
The Office Of Naval intelligence. which has here
toforc issued its notes on naval progress as an an
nual to-day issued n small volume. copousy Illus
ira ted as Part Of years publica lion. the Sec
retary Of the Navy having directed that the in
formation obtained from abroad shall be issued In
parts whenever sufficient data collected 10 war
rant publication. In this WAY an attempt Will be
made place the information before tho service at
the earliest possible date. Tho part which ap-
pearcd to-day is devoted to the latest vessels com
rle,ed. tried launched or designed by foreign
Powers and the most recent developments In ar'nor
and ordnance practice.
The cruiser Bennington Joined the Marion at
Jiquisco Salvador. on Christmas Day. tho two
vessels having been ordered to make careful sur
yev of that harbor for the correction OF chart.
The Minneapolis arrived at Alexandrctta yesterday
Secretary Oney has declined invitation to at
tend the Sound Money banquet in Chicago on Janu-
ary 5. the diplomatic dinner at the White House
January requiring his presence in this city a;
that time
There has been pe-ccptible gain In ths gold re-
serve since Christmas Eve. From that tire up TO
to-dav the deposits secured were S1291.26 over the
Withdrawals The gain was brought about princi
pally by heavy exchanges of Australian gold for
United States notes in San Francisco Authority
has been given by the Controller of the Currency
for the organization of the FIRST National Bank of
Faul's Valley. Indian Territory. with capital OF
5000