Year: 1862

ment Dut provide for the future security OF govern
ment stocks and the unquestionabe maintenance Of tho
public credit was evident that the extraordinary de-
mands Of the government in the existing emergency
could not be supplied by the ordinary means Of forced
sale Of bonds by which they would bo fearfuly depro
ciated and the nation made bankrupt The issue Of de-
mand notes was devised as the most economical
pedient BY this the Secretary of the Treasury
rs enabled to meet all demands the Treasury anu
when these notes shall have been made legal tender
they will answer in the place Of coin in all business trans
actions. II 10 part OF the system to depend upon
sale of bonds to the banks the system
OF banking proposed s intended create demand for
the bonds and thus fund tho demand notes and at the
same time sustain the market value Of government
stocks Another important consequence Of this system
will be the dissemination of the public debt among
people and making the system sefsustainng all its
parts


Secretary Chase finds nothing the proposition Of the
bank delegation to be preferred the system recon-
mended In his report TO Congress He leaves that
body the responsibility OF carrying out the pan devised
with great care and regard for the future welfare well
as the immediate wants Of the country This plan will
without doubt be adhered to- and all the legislation
cessary to put IL in operation speedily perfected.


THE DISPOSITION OF THE CAVALRY REGIMENTS.
difficulty presented to tho disposition Of all the
cavalry regiments accepted into the service. Tho
manding General asked for twenty regiments, and
the whole number accepted and authorized be raised
s seventy three This 10 forty-six than General
Mcclellan wants knows how to dispose Of.
This excess will cost the government about forty
six millions Of dollars Of needless expense is
proposed that the number Of regiments actually required
shall be made a. efficient possible, and the others Of
fered the option TO be discharged from the service
transferred to infantry.


RUM0RED CAPTURE OF HUMPHREY MARSHALL.


rumor Is in circulation that Humphrey Marshall has
been overaken and captured by the federal
Colonel Garfield but since last night there has been
intelligence whatever received at headquarters regard
to the affair.


THE POSITION OF GENERAL LANE.


General Lane has rendered his resignation the
Governor Legislature Of Kansas he accepted
the Brgadier Generashp lately rendered to him by the
President and confirmed by the Senate, does he
tend to accept IL, he declared body until he
has resigned his seat Of which the Senate will have full
notice.


TEE CASE OF GENERAL gENHAM.


In the HERALD, day or two since, appeared copy o.
The order Of the Adiutant Generals &C at Washington
relative to martial the case Of Brgadier Gene
raj Benham The whole order appears to be given
cepng line or two at the close, which happens to be
very material and favorable to the Genera-vz in sub
stance, that he is released from arrest is await
orders at New York.


MRS. GAINES PERMITTED TO VISIT LOUISIANA.


Mrs. Gaines, whose celebrated lawsuit against the city
Of New Orleans decided in the Supreme Court Just
before the secession Of louisiana received perms
sion to cross the lines to New Orleans via Fortress
roc and Norfolk


GENERAL BURNsIDE's EXPEDITION.


The Coast Survey Bureau has detailed Of its most
efficient officers to accompany General Burnsdss exps-
dition.


PAYMENT OF THE RELEASED PRISONERS.


Twenty-Five Of the hundred and ninety recently
leased prisoners from Richmond were paid Of yesterday
and discharged. The remainder, whose regiments arc
still in service, will probably have their accounts settled
to morrow, and be furloughed for thirty days.


RETURN OF COLONEL VAN ALIEN.


Colonel Van Alen President Of the Board Of Examiners
Of Cavalry 0hcers returned yesterday The labors Of
the Board will be resumed tomorrow