The New York Herald Newspaper, January 26, 1870, Page 3

y WASHINGTO * VIRGINIA’S TROUBLES BREWING. A Radical Congressman’s Disloyal Record. WASHBURN’S POSTAL TELEGRAPH BILL. Dangerous Counterfeits of Frac. tional. Currency. WASHINGTON, Jan. 25, 1870. The Washburn Postal Telegraph Bill—Want ef, Confidence in the House Committee on Post Offices ahd Post Roads. ‘The strong vote in the House referring the Postal Welegraph toa special committee, in face of the oppo- sition of General Farnsworth, chairman of the Post OMfice Committee, and notwithstanding that com- mittee had secured the reference to themselves of various similar propositions, and one of the commit- ‘Wee (Mr. Fitch, of Nevada.) had introduced a motion, ‘Which was before his own committee, merging the telegraph in the Post OMce Department, shows how ‘deep seated is the distrust in Farnsworth and Unian Heep Painter, the notable clerk of that committee. Last year Painter, by some indireetion and without ‘the authority or action of the committee themselves, ‘as Was well understood at the time, put forth a re- Port as being from a majority of the committee ad- verse to the establisiment of a postal telegraph. ‘The whole thing was supposed to be the work of the Western Union Telegraph Company, for which they paid their money and took their chotce. In expla- nation at the time that they had not retained him, ‘but he haa the matter of the Russian Telegraph mixed up the Alaska purchase, the Western Union owning the Russian extension (but @ot the Alaska purchase), and the funds he thus received were applied rather indiscrimt- mately, was not considered a save explana- Won. However, Paimter’s report went through, and whether the Alaska funds paid for it we can only guess. When the new Post Ofiice Committee of the present House was appointed the relations of Painter to General Farnsworth, and the job and commissions connected with the New York Post OMce, and the scandal of the Postal Telegraph bill, ‘with other little arrangements, public and private, Produced a deep-seated determination on the part of Jeading members to keep all fair and honest schemes possible out of the hands of that committee, Mr. Washburn’s Telegraph bill ahd its reference to a e@pecial committee indicate that the House ts de- termined not to play any longer into the hands of that committee. If there was any question before, the action taker on the motion of General Farnsworth the present session, in hostility to the New York and Boston Post OMices, and his determination to take them out of the hands of Secretary Boutwell and the Treasury Department and place them under the control of a commission of private citizens, and restore the New ‘York enterprise to the hands of tne old commission, old architects and old plans, which were long ago exploded, rendered it certain that Painter was still at his post, and serving himself and otners by his lite games. Not that we make any question that there are honest and fair minded men on the commit- tee—inen who mean to and will do right if they are mot overreached by such companions. And here Hes the precise dificulty. Asbarp, active, dishon- est member, or even @ clerk, who ropresents half a dozen papers in New York, Pennsylvania and Ll- mois, can easily take advantage of and misiead an entire committee. Things are done in a hurry at Washington, especially dishonest things, and this committee will bear watching. The Speaker will appoint for vbis select committee men who are above suspicion, strong and reliable, and whatever result they may arrive at will be an honest one. It 4s rumored that Mr. Paimter has already, in prospect of Mr. Washburn’s being chairman of the select committee, tendered his own or @ friend’s services as clerk; but neither man i yet accepted, although Painter will unquestionably be, by this action of the House, relieved of the great burden in the other committee. It is said that in working up the case for the New York interest Painter procured and took over to New York, without the knowledge of the committee, copies of the testimoney for private use. This, of course, he denied; but how the testimony came written out and in use by private parties in New York before it was seen by the committee sheméeives has not yet transpired. Certainly it was ot a case of second sight, * The Virginia Representatives—Porter’s Al- leged Disloyalty—Senators to be Admitted Without Delay. Y The House Committee on Elections have decided to retain for examination the credentials of Mr. Porter on account of his alleged disloyal record; of Mr. Segar, by reason of the question of the right of Virginia to send a representative at large, and of Messrs. Booker and McKenzie because their seats are contested. The-credentials of the rest of the delegation will be reported favorably at once, sub- ject to their taking the usual oath. It is expected that no objection will be made to swearing in the Senators without a reference of their credentials to the Committee on Judiciary. The vill to aduwit Virginia to representation in Congress was laid before President Grant this after- noon. It 1s expected that he will to-morrow ac- quaint the House that it has received his sanction, Proceedings of Senate Committees. The Senate Committee on Foreign Affairs held a meeting to-day and considered a number of nomi- mations still before them, The name of William Cumback, in place of Mr. Shellabarger, as Minister to Portugal, it was agreed to report to the Senate for favorable action. The nominations still before the committee and unacted upon are Sickles for Spain, J. Russell Jones for Belgiam, 0. C. Andrews for Nor- ‘way and Sweden and &. OC. Kirk for Uruguay; also e@everal secretaries of legation. The Senate Finance Committee resumed their deliberations upon finan- cial matters, particularly the question of funding, but came to no‘determination. ‘The Darien Canal Survey. An response to a resolution heretofore passed, the Presiaent sent a message to the House to-day enclos- ing a letter from the Secretary of the Navy, in which the latter says that fo appropriations for the Navy have been diverted to the survey of the Isthmus of Darien. The act of Congress, approved July 28, "1866, appropriated $40,000 for the purpose of survey- ing the isthmus, with a view to the construction of a@ ship canal. The Daty on Coal. The Committee on Ways and Means to-day had before them @ proposition to admit all coal free of duty. It was agreed to by—Yeas—Messrs. Hooper, Allison, Maynard, Brooks and Marsnall—5; nays— Messrs. Kelley, MoCarthy, Blair and Schenck—4. This subject caused a good deal of excitement. lt is probable that Mr. Maynard will change his vote to the negative. The New York Contested Election Case. Some time ago the Committee on Elections de- cided to report in favor of giving the seat now o pied by Mr. Greene to Mr. Van Wyck, of New York, the contestant; but on farther consuitation, it is @aid, they have direcied both parties to re-examine the votes in the contested district. The Gold Panic Investigation. G. K. Willard and Mr. Martin, of the firm of Sumitn, Gould, Marun & Co., and Mr. Carver, of New York, were examined by the Committee on Banking and Currency to-day. Mr, Corbin ia expecied to-morrow or the day after. New Counterfeit Currency. It 1g said that in consequence of tie number of counterfeits on the new fifty cent fractional currency the Treasury Departmont has resoived to cancel all that come back to the Treasury. Tostructions for Gaugers in Service, It Baving come to the knowledge of the Commis- sioner of Internal Revenue that the ones ‘Manyal, Edition of 1360," ip axith used by the gaugors the Revenue im the revenue service, he Has directed that their use be discontinued at once, and that all gaugers will be governed, in determining the true per cent, by the revised edition of 1863 only, and such as are not supplied therewith are directed to apply to the Commissioner therefor, Tho Haytien Minister in a Huf—Stll Another Diplomatic Sensation. General Tate, the new Minister from Hayti, has got excited. Until within a day or two he has been stopping at Wormley’s restaurant, corner of H and Fiftéenth streets, While there he is accused of put- ting on very large airs, and so making bimeelf disa- greeable to everybody. He found fault with the waiters and made compiaints generally against everybody. Finally Wormiey got his “back up” and told the Haytien Minister that inasmuch as he (the Minister) could not be satisfied at the restaurant he had: better try some place else, where possi- bly better accommodation might be furnished. Tate, being tull Minister, naturally got and without waiting for @ second invitation to go Packed up his traps and went. Tate is now lux- urlating at the very aristocratic Arlington. At least this is whas they say at Wormiey’s, General Slocum’s Project te Remove the Brooklyn Navy Yard. General Slocum explains that there is no job what- ever under his resolution to remove the Brooklyn Navy Yard. On the contrary, he saya his only object 1s to benefit the city which he represents. A large portion of the most valuable portion of the pro- perty of Brooklyn he states 1s loss to what city by rea- on of the Navy Yard, which, if removed, would afford splendid locations for wharves and give a powerful Impetus to busmess. He velieves that the Navy Yard affords no compensating 1nfuence to the city for the damage it does to property. If sold, he calculates it would bring to the government at least $20,000,000, which would be ample to construct a new navy yard somewhere on the Hudson above New York city. ‘The Navy Department favors the project. A Uniform Railway Gauge. As all persons who have given attention to the subject of railroads regard it as very desirable that there snouid be a uniform gauge throughout the United States, the following plan is under considera- Uon by railroad men and various members of Con- gress. Five-sixths of the roads already have the same gauge—say four feet eight and a half inches. To bring the other sixth to this, ag the easiest and cheapest plan, 1t is proposed that after a given day’ no road shall be @ post road that does not con- form to this gauge. The expense of changing a five foot gauge to conform to this plan will not ex- ceed $500 per mile, ana it 18 believed that most of the roads could make the change at a less expense, As there are less than 8,000 miles of rgad re- quiring alteration the whole cost of the work would not exceed $4,000,000. As the United States are interested in having the most expeditious transportation of the mails and military stores, the public benefits to be secured, would justify @ sufficient appropriation by Con- gress to compensate the companies required to make the change. Possibly'some exceptions might be made as to roads running into @ foreign country. Reports ef the Condition ot National Banks. The Comptrolier of the Currency has issued notice to the national hanks, in accordance with the pro- visions of the act of Congress regulating the reports of national banks, requiring them to forward to his office immediately a report of their condiuon, as shown by their books, at the close of business on the 22d inst. Executive Nominations. The President sent to the Senate to-day the fol- lowing nominations:—franz Sigel, to be Assessor of Internal Revenue tor the Sixth district of New York, and Joseph H. Blackburn, to be Marshai for the Middle district of Tennessee. Ecouomizing in the Navy Department. It 1 reported that an order is to be issued soon by Secretary Robegon, which will throw out of employ- ment several thousand men employed at the various navy yards throughout the country. Robeson takes Us step 80 as to avold overrunning the appropria- tions for his department in consequence of the hue and cry raised by the Congressional economists headed by Dawes. The order will raise a rumpus throughout the country. Recommendations of Secretary Robeson on the Question of Assimilated Rank and the Reorganization of the Navy. ‘The Secretary of the Navy has addressed a letter to Representative Schofield, chairman of the Com- mittee on Naval Affairs, informing him that he has transmitted to the House a copy of the record of the proceedings and papers of the Board of Oficera heretofore convened by order of the Navy Depart- ment to take into consideration the subject of assimilated rank between the officers o1 the various corps of the Navy. ‘Ihe secretary offers some sug- gestions of giving them definite form in the shape Of @ bill, which he encloses, It will, he says, be per- Celved, ite provision for the beueilt of the various auxiliary corps of the navy while they are consii- erably more liberal toan those of the oiil which passed the Senate at the last session, do not include 80 great & number of Ofiicers in the nigher grades as was agreed to by the Board of Ofticers, nor even sO many a8 are suggested itn the letter of the Vice Admiral. This is a question of much personal interest and Caleulated 10 excite con- siderable feeling, and he has hesitated long before differing in this point from so many experienced officers, but he felt that their views Lad been some- What influenced by deference to the claims of indi- viduals and a desire to compromise a much vexed and ditticult question, While he was not authorized to yleld for such reasons what seemed to Lim in tis respect to be for the public good, he has been con- strained, While recommending @ much larger num- ber of pay, medical aud engineer otticers of the higher grades than was provided by the Senate bili, at the same time to reduce the number reported by the Board, believing that number to be larger than a fair adjustment of public or personal ciaims re- quires or will allow. The bill proposed by him gives the’ auxiliary corps twenty-eight captains in ail, certainiy @ full proportion; also forty-five com- Manders ranking with “lieutenant colonels, which, with the thirty-one officers of higher grades, gives them seventy-six officers ranking with or above lieutenant colonel in the army. He has retained in the oy eight chief engineers and con- structors of machinery, in view of the number required at the various navy yards and stations, and also followed the recommendation of the Board in regard to officers on the retired list, ag this seemed to manifest @ proper respect for semiority and conier suitable reward for long continued service without doing injury to anybody. The Bosrd made nore- commendation in regard to the rank of assistant and Passed assistant surgeons, paymasters and engi- neers, and he recommends that this remain as it is now fixed by law—namely, with and next after heutenants and with and next after masters. He bas substantially followed the recommendations of the board in regard to the precedence of the execu- tive officer, because it seemed to him clearly right and necessary to discipline and eficiency. The re- commendation of the Board and the biil proposed that this officer shail, as far a8 practicable, be next in line of rank to the commanding officer, and confine his precedence to the officers ‘attached two the organization of which he 1s the represen- tative head, while they are in the discharge of his duty connected with such organization. In addition to other features, the bill recommenda @ reauction of officers of the marine corps, as well as a change in the ono and a reduction of the number of line officers of the navy. Thus, it will be observed, he has recommended a large reduction in the num- aud an enlargement of the number of masters; ¢: Geavoring at once to promote a wise economy and to bear constantly in mind the actual necessity of brea and the best method of insuring 1s em. ciency. WASHINGTON, Jan. 25, 1870, THE INCOME TAX. Mr. THURMAN, (dem.) of Obio, presented the pro- ceedings of a public meeting of merchants of Cleve- ,land, Ohio, against the continuance of the come “tax. Referred to the Committee on Finance. PEFITIONS. Numerous petitions in favor of the abolition of the franking privilege were presented and referred. Mr. CHANDLER, (tep.) of Micb., remarked that if the betitioners would pay the postage on their peti- tions they would give a practical illustration of their sincerity in asking the reform. APPLICATIONS FOR PASSPORTS. Mr. SUMNER, (rep.) of Mass., from the Committee on Foreign Relations, reported a joint resolution authorizing the passport cierk at the Department of ‘Stave to administer oaths and adirmations on appli- cations for passports. The bill was passed, BILLS REFERRED, Mr. OSBORN, (rep.) of Fla., introduced & bi)) to ald {a the construction of certain ratiroads in Florida. Keferred to the C ommittee on Puptic Lands, Mr, COLE, (rep.) Of Cal, Introduced a bill to divide the State of California into two judicial districts, highly indignant as the caterer’s blunt way, . Reterred vo the Judiciary Committee, RELIRF FROM POLITICAL DISABILITIFS. ‘Mx, ROBERTSON, (£90) OF 8; O., from the Committee On Political Disabilities, reported favoradly a bill to pred certain wetponst from legal and political disa Mr, Hawtin (rep of Mes called up the Jotnt reso T. HAMIL le. lution relating Goo seizure of ‘distilled ‘spirit tn California, the question being upon its tndetinite postponement, Mr. COLE, in reply to @ previous statement by Mr. Sherman concerning accusauons st the special oMcers gent out by the Internal Revenue Depart- ment to invenigane the seizures, said he desired to have the bill referred to a committee to show thelr truth or falsity. The oMcers who made the seizure ori izinally had no appeal to the Secretary of the ‘Treasury, though the claimants or the whiskey Would be be before that officer. The former being subordinate oificers vould not appeal from the decision of their superior, aud therefore the ques- tion was exclusively one between tue owners of the property and the government. He believed the mat- ter involved the success or defeat of the concerted efforts of parues in Obio aud Kentucky to control this trade on tne Pacific coast in the nope of realiz- ing millions Of money at the expense ol the govern- nent, Mr. HAMLIN preferred the reference of tne contro- versy to the authority appointed by law for the de- termination of suca questions, asserting is conf. dence 1n the Secretary of the ‘treasury aud the Comunssioner of Lnternal Revenue. Mr. Tau could see nothing of unusual im- portance in the matter, and deprecated the introe duction in the Senate of questions of whiskey frauds, exclusively pertaiming to the province of another branch of the government. Mr. CassBRLY, (dem.) of Cal., sympathized with much of what tus colleague (Mr. Cole) oad said, and added that the analysis of the liquors, which was made in California, developing tne presence of saccharine watter, did not correspond with the results of the anulysis made in the Kast. In reply wo a lewer of the special revenue agent sent out 0 invesuigate the seizure, contaiuing reflections upon the community, he could say, without the least hesi- tation, that in no other community in the world did faitnful public officers receive more cordial support. Believi. the assumption by Congress of power specially vested by law in the officers: of another departaent would establisa @ dangerous precedent he would vote for the indetinie postponement of the resolution. The subject was then informally laid aside, and at two o'clock the Currency bill was taken up. THE INCOME TAX FOR 1870. Mr. SHERMAN, from the Committee on Finance, reported @ substitute for the House bili relating to the income tax for the year 1870, The substitute provides that sections 116 to 123, inclusive, of the act of June 40, 164, and the acts amendatory thereof, shall be 80 amended that the several duuies On Ine comes, dividends and salaries im) by said sections shail continue for and during the entire year of 1870, and no longer, and so mach of such taxes a8 are not paid or payable during said year shall be collected and paid during the year 1871, in the mode prescribed by said section. PUBLIO LANDS IN THE SOUTHERN STATES. Mr. Os#ORN, from the Committee on Public Lands, reported favorably the Joint resolution providing tnat ali public lands in Florida, Alabama, Missis- sipp!, Louisiana and Arkansas shall be subject to disposal under the Homestead laws, by pre-emption and by location, under the same general laws as govern public lanas in other States and Territories, excepting such reservatious and grants as have already been made, CONSIDERATION OF THR CURRENCY BILL. At two o’c.ock Mr. Sherman’s Currency bill was taken up for consideration, Mr. Fenton, (rep.) of N. Y., of the Finance Com- mittee, the measure now under consideration haturally suggested the great fivancial proviem which the country had to solve. Partial measures, like the preseut, directed to a particular brauch of the subject, may be adopted; but they should all be Iramed upon ® broad and comprehensive policy, having in view @ clear and distinct end. The sub- Ject was one of wide scope, embracing the questions of debt and taxation, of banking and currency, all distinct in their character, yet ail interlaced in their influence and bound up together. He said we were sustaining @ vast, depreciated and inconvertivie paper carrency, which nad the effect of raising prices, of giving an extraordinary impetus to tragic @nd exchanges, and stimulating speculation, thus creating aa appearance of prosperity as deceplive ag lt was glittering, All sound men recognize the calamity of such @ currency, and are looking with feverish anxiety for an avenue of escape. ‘The re- turn of the country to aspecie basis is generally conceded to be an object of paramount importance. We cannot remaim jor any protracted period in the es ge excepuonal condiion. The gold basis nrough resumption, or the gold basis through more violent derangement, are ail the alternatives pre- sented. The recoras of France, Austria and Kus- 8i@ convey impressive warnings upon the dangers ‘of a further extension of the currency. They have Mm the past followed this inviting course to uhis dis- astrousend. Eighs years ago we issue of incon veruble paper money, based on credit, was univer- sally regarded as a deplorable evii, only to be justi- eo by the necessities of war. Five years ago tue gradual withdrawal of this paper and the restora- tion to @ sound basis were equaliy regarded ag measures to which the government must steadily direct itself. To-day, under corrupting influences of its continued presence, @ portion of the peop.e have come to regard it as essential and desirable, and from some quarters further expansion has been demanded. He said. that while he could not exag- gerate the importance of resumption, he would not underrate diMculties im the way of it, which migut be classed under two :—Firet, @ heavy ad- aition to the burdens of tne debtor class, and second, @ general decune of prices aud prostration ot trade. ‘I'he individual indepteaness of the coun- try 18 seven or eight thousand millions, and if debts contracted in currency were requireq to be pald in old that addition of a fourth or fiita"would of itself hearly equal the amount of the national debt. Though this would produce great bardsbip and distress, lapse of time would only make it greater. In one sense there never can be @ redundancy of currency; for prices adjust themscives to the amount. The value of the circulation is reguiated by the volume, In 1860 the currency of the United States, including the specie reserve, was icss than three hundrea miliion dollars, and no one claimed there was not enough. To-day the currenc, amounts to seven hundred millton dollars, and it fairly claimed tat on the present basis there is pone too much, There 18 no arbitrary law of amount. It was sald-by some the rate ot interest determines the amuunt of currency required. No reasoning could be more spurious, no more uu- sound, The history of the country shows the rate of interest is highest when the vohume of circulation 1s Jargest, and lowest when the volume of circulation igsmuilest. 1t was important to ascertain (if we could) how to make our paper money and gold equivaient, ‘Lhe pending bill goes nov retard nor (be regretted to Bay) does it tend to advance this most desirable Tesuit. The three per cents are, 1udeed, equivalent to 80 Much ourrency; but it will be seen in practice that, while there nas been simply an exchange of one torm Jor another, the forty-tve millions of notes Will be found far more dificult to get rid of than the same amount of certificates. Illustrations irom the Mnancial bistory of England were cited by Mr. Fen- ton to show that contraction of vhe currency should be gradual, in order to avoid commercial distress and the impossivility of retaining gold upon a re- dundant currency. In some quarters where the present currency difficulties were recognized it was suggested they would disappear with the develop. ment of trade and production; that the wants of the currency would soun grow up, even to the piethora of the present supply. This idea contained plausi- bility and something of tact; but, after all, it was based upon #.fundamental misconception of the character and purposes of money. ‘The circulating medium of a country bears no such relauon to its ‘Wealth and business that it needs to expand in the same proportion, 5 ‘The second part of the bill under consideration, that which provides for new banks with specie notes and specie redemption, is much more serious if designed to take elect a8 @ preseut practical Measure. The principle is sound, but if itis worta much for lmmediate application it should be ap- lied to the whole bank system, and the tmpractica- lity Of this 18 apparent. ‘Ihe proposed noies veing convertible into gold, , and equivalent to gold, could not be — circulation, except, perhaps, on the Pacific side, where goid is the circulating medium. History does not furnish an instance where two un- equal cerrencies have been maintained side py side. Ou she contrary, from the time of the clipped coms of Ainsterdam down to the present, whenever two currencies of different values have been estab- lished the one of greater vaiue has invariably retired from the field. By way of asum- mary Of the bill he said he saw in tt but littic to aggravate tie evils of the hour. In view of the Secretary’s plan for funding the debt and furnishing the new bonds for banking purposes instead of the old it might be the beat we could hope to get; at all events, ue came forward with no pet measure of hisown. The difference was not so material regard- ing specific measures as upon the general principle involved, and for Unis reason he bad been Jed, as he proceeded with the discussion, to dwell rather upon the jatter than upon the former. In these principies tne Interests of all Classes and sections are practi- caily identical, as under the guidance of the loftiest pacriotism we emerged from the dark shadows of war, 80 under the direction of the highest duty we shall emerge ee the great evils of our present rder. R moved to amend by substituting for milar bill recently Introduced by nim for an increase of the bank circulation Lo tive hundred mulions upon the retirement of greenvacks, Mr. RAMSEY, (rep,) Of Mino., inquired whether it Was proposed to take @ vote upon the Dill to-day? Mr. SHERMAN, (rep,) of Ohio, on behaif of the Finance Committee, desired tie Senate to take action upon the vill to-day. He said it wan a pre- hmiwary measure and upon its disposal the com- Mittee would proceed to consider other important measures before them, among which was the one how offered a8 an amendment, but which had by pertinence here. The pian of retiring the three pel cent certidicates was recommended by the Secretary of the ey, and tue President of the United States, and no objection to it that he knew of had been made in the public prints. 1¢ seemed to be conceded this was the moat innocent way in which the pressing necessity jor @ partial re-distribution could,be made, ‘ibe other provision of the bill was also generally assented tu. ‘the only doubt now was whetber such banks would be authorized. Large corporations, chiely on the Pacific coast, were actually organizing on the basis of tis bill, Mr. MORTON, (rop.) Of lnd., suggested there should be some understanding iu, regurd to whether this bil was to be a finality upon the subject of Loe redis- tribudon of te currency, A bil oad passed the Senate and was before the House by which thirty mulons of currency was to be taken from the Eastera States having an excess and given to the Western States. Lf this was suppiementary to the former bill the result would be @ redistribution Lo the exteut of seventy-Dve millions; but his 1nference from the statement yesterday by the Chairman of the Higagee Commitee Jed Luy to conmder uly as NEW YORK HERALD, WEDNESDAY, JANUARY 26, 1870.—TRIPLE SHEET. asubstitute for the other bill, tn which case he would not favor it, because it Would not give currency enough to the Wi Discussing it 10 the ligat of a substitute several Toignt be sald of it—frst, 4n its present form the bill Would substantially reguit 10 @ consraction of currency to the amount of six million seven hundred and fifty thousand dollars, becauve it would require the withdrawal of that amount a8 a reserve to be held by the banks issuin, ‘the forty-five millions, In point of fact, there wor be an actual contraction to that amount. He showed that since January 30, 1863, there had been an actual contraction by redemption of three per cent gertificates of twenty-six mil- ons of dollars, which the country bad iels, though the cause of the stringency Was unknown. This bill would increase the amount of contraction to nearly tl “three millions, He sald the sense of Coi ad been repeatedly declared in oppo- sition to contraction of the currency, and he charac- asunsound the argument of Commissioner Wells that depreciation of currency rested upon its excess, and that there was an excess of some two or bree hundred miliious, The Commissioner's comparison was between the volume of currency in circulauon in England, Scouland ana Ireland and other countries with that in this country, yer our territorial area exceeded more than thirsy times ‘that of the United Kingdom, while three-fourths of our people did not possess ities of bank credit and bank checks enjoyea there. The comparison of She present voiume of the currency with that before the war was equally deceptive, in view of our territorial expansion and the fact that the States have now no curreucy of thelr own, as they had before the war, while that of the gov- ernment is used in every ppt of the country. Quan- tatles of 1t were in actual sit over the country, and thus the demand 1s created for national cur- rency which did not exist before the war. ‘The actual value of the currency to-day was not more stable than six months ago, He did not acquiesce tn the Opinion tbat the price of gold would continue to de- 10 the return of specie payments. It was entirely within tne ‘of possiblity that gold would be at forty cents within tour months. y of the gold gawbiers at New York had veen deepiy Wounded, and it would be some time before otuers took the'r places. But their places would be taken, and intelligent financiers in New York are looking forward Lo @ rise in gold at no distant day. The con- dition of the crops also eitered luto the question. Therefore, in providing tor a system of banking, it ‘Was not safe to calculate gold would never go above eighty cents,. There was no security whatever against is. In regard to the provisiou of this bili for establishing banks on acoin basis, requiring them to redeem their notes in gad and only to have twenty-five per cent of ge) id im their vaults, he thought the principle might be successfully carried out in the Pacific States; but he telt coufident iv would practically fail on this side of the Kocky Mountains. 1¢ would, he thought, be danger- ous jor the government to attempt to catab- lish banks on that basis. In reply to @ remark of Mr. Sherman he ciaimed that the transactions in gojd in New York city were in the main hinited co tr@sactions between importers and persons im for- elgd countries with whom ‘bey dealt. The import- ers sell their goods to the jobbers and the latier to the Western merchants on @ gold basis, but there is DO gold in the transaction, They sell for gold with the understanding that when the deots come due they are to be paid in currency according vo the value of gold on that day. ‘Chese gold notes pro- by the bill could not go into circulation any More rapidly than the geld they represented, and could not be kept afloat ty by the bank keeping @doilar in gold for each dollar it had out, In case of an increase in the price of gold these notes wouid be run home for redemption in order to procure gold to ell to imporsers, Who were required to lave IL. ‘The banka would then bave to go out and buy at a large premium, which would inevitably bring about wher suspension. Two circuialions unequal in value could not long ex: at the same time; for the depreciated circulation ‘would drive the other out of existence. In this connection Mr. Morton referred to the abuses vo whic the banking system had become subject. He said she national banks could afford to loan mo- ney cheaper thau other banks, because they not only got six per cent interest on the bonds deposited with ihe government, but received ninety per cent 1a cur- rency. Notwitustunding this, in many states these banks loaned their money at-the same rates opiained by private bankers; when, if required to loan money at reasonable rates, the effect would be 1o keep down the rates of interest of ail other money lenders, making the national banks public blessings and the system popular, They ought not to ve aliowed to invest the money they sould loan the people in stocks, and make proilts on the interest of wose stocks, ‘/'ni3 was al war with tue purpose fur which they were created. Special privileges had beeo granted them to enable them to furnisy special ac- commodations to Uwe people of the couotry, and they should hot be permitted to loan more than ten per cent of their money on coliaterals, Muney obtained in that way and on call was used for stock and gold operations, and not in the pro- ductive busicess of tie country; the stock and gold brokers being able to borrow inouey at six and seven per cent, while the business mad and inanu- tacturers had to pay ten aud tweive per cent. Thus stuck and gold specuiations were ‘outered, money received by banks on depesit and on which they paid Interest, being loaned upon cail to stock and goid speculators a. not upon regular paper vo mer- ants and traders, Mr. STEWART, (rep.) of Nev., favored the bili as an experiment calculated to prove veneliciel to te People of the United states. ir. Davis, (dem.) of Ky., advised the friends of more equal distribution of the circulating notes not to allow this b.il to be defeated by being complicated with yenéraf measures. ‘Three-foucths of the people of the country asked for the proposed redistrivu- tion, and their representatives in the Senate had the power in numbers to pass the measure. He moved to amend 80 a8 Wo present the simple proposition of @ more equal distribution of the bank circulation. ‘ The Senate, at twenty-minutes past four P. M., ad- journed. HOUSE OF REPRESENTATIVES. WASHINGTON, Jan. 26, 1870. PETITIONS PRESENTED. Mr. HALE, (rep.) of Me., presented @ petition of the merchants and ship owners of Belfast, Me., against allowing American registers to foreign built ships, and for a reduction of taxation on shipbuild- ing and commerce. PUBLIC LANDS IN CALIFORNIA. Mr. JULIAN, (rep.) Of Ind., from the Committee on Public Lands, reported a bill providing that no titie shail be acquired or perfected to any agricultural pub- luc lands in the State of California not neretolore als- posed of except by seitiement under the Lomesiead or pre-emption kaws, ir. HOLMAN, (dem.) of Ind., suggested that the bill be made general in ie application to all tue States ana ‘ferrivories, Mr, JULIAN sata that that question was before the committee, ‘ihe vill was then passed. BILLS AND RESOLUTIONS. Mr. ARNELL, (rep.) of Tenn., offered a resolution calling for information a8 to the payments made by the Nushvilleand Decatur Railroad Company, of Ten- nessee, for materials purchased from we govern- ment. Adopted. dur. WHERLER, (rep.) of N. Y., introduced a bill a@utuorizing the Northern Pacific Railroad Company to issue its bonds for the construction of its road, and to secure the same by a mortgage. Keterred. Mr. SCOFIELD, (rep.) of Pa. from the Committee on Naval Affairs, reported a bill for tue reorganiza- ton of the navy. Kecommisted. Mr. BeNJAMIN, (rep.) Of MO., introduced a bill granting @ pension of fifty dollars @ month w the widow of Major General James a. Mower. Mr. FARNSWORTH, (rep.) of Ill, reinatked that it Was going beyond any precedent yet established to ih & pension except in @ case where the oificer had ied in consequence of wouuds received or disease acquired in tue army. The bill should be sent to a committee, Mr. BENJAMIN sald he tntroduced it at the request of the President and tue General of tue Army. we withdrew the dill, . Mr. BOLES, (rep.) Of ATK., introduced a bill grant thg lands to Arkansas and Missouri for a railroad from the Mississippi to the Arkansas. xeferred, Mr. ELDRIDGE, (dem.) of Wis., presented a commu- nication from the Fond du Lac Medical Society in regard to naval medical rank. Mr. Upson, (rep.) of Ohio, asked leave to offer a resolution calling on the heads of departments for statements ag to whether and why tucir annual est- mates exceed those for the Megan fiscal year. . Mr. Woop, (dem.) of N. Y., objected, stating that the House was already fo possession of the esti- mates. ‘The House then resumed in the morning hour the considerauon of THE LEAGUE ISLAND NAVY YARD BILL. Mr. MYERS, (rep.) of Pa, resumed nis argument in favor of the bill, and sabmitted wat we insidious statements as to the general estimates, whether cor- rect oF Not, did not affect the merits of the Dill. Speeches were also made ta support of the bill by Messrs. O’Nelil and Reading. ‘The morning hour having expired, at two o'clock the bill’went over uutil to-morrow. AMENDMENT TO THE VIRGINIA BILL. Mr, Davis, (rep.) of N. Y., introduced a bill to amend the act passed yesterday for the admission of Virginia, providing that the word “oath,’’ where- ever it occurs, shall be Coustrued as including an aMrmation. ‘The SPEAKER suggested that as no oficial infor- Mation had been reeeived of the act having become @ Jaw the bill be iaid on the table for the present, Mr. Davis acceded to that suggestion. SOUTH CAROLINA CONTESTED ELECTION, Mr. BuRDETT, rom the Committee on Elections, called up the report of April last on the contested election case from the Fourth Vongressional district of South Carolina deciaring A. 8. Wallace entitiea prima Jacie to seat, The question was discussed pro and con. by Messrs. Buraett, Randall, Burr, Marshall, Cessna, Bowen, Whittemore, Stevenson and Peters. Finally the do- bate was closed and the resolution offered as an amendment by the minority of the committee, Messrs. Randail and Burr, that neither claimant was entitied to the seat, was adopted—yeas 103, nays 73. Alter @gooa deal of contusion and excitement over technicalitics, the whole subject was laid on the table, and then a resolution recommitting tho question lo the Biection Comunittee to ve examined On 108 merits was offered by Mr. Butler, of Mass., and agreed to, ‘The House then, at ten minutes past five o'clock, took @ recees unul half-pasi seven, she evening ses- 8100 tO be for denate ouly. Evening Sension. There were not more than a dozen mombers pres- ent during the evening session, Mr. McCrary oc- cupied the coase. After speeches by Messrs. Jolinson against Chinese immigration; Heaton, on Southern Politics, aud Prog Aer, bOWiey and dkeWMbUTEZ, the Mouse adjourned, PRINCE ARTHUR. The Prince Inspects the Treasury Department. General Spinner’s Treasures—Second Visit to the White House—Assisting at Mrs. Grant's Reception—Dinner at Min- ister Thornton’s and Call at General Sherman’s. WASHINGTON, Jan. 25, 1870. Jenkins had his hands full again to-day. A# early 48 five o’clock in the morning he was on duty, sta- toned in @ very favorable position on I street, right Opposite Minister Thornton's residence. There he Watched eagerly to see the ministerial shutters open, to note the anbarring of doors, the kindling of fires, the operations of the cutsine et 1a genus omne. But to one point in particular was his eager and hungry gaze directed, and that was the window of the apartment where the royal Arthur was sup- bosed to be slumbering. Jenkins looked, pencil im hand, to note the moment signs of the Prince's rising should be given. He was prepared to take it down, a8 well as every other minute detail of the movements of his Royal Highness, with as much pains and precision as are devoted to the last hours of & criminal betore execution, Jeukins would be banged himself rather than miss any of these im Portant mtuutie. Jenkins succeeded to-day in every particular, even ascertaining what journal the Prince read; and tt is creditable to his royal taste to know that it was the HERALD—which is the only one he looks at ot ali. Jenkins said this morning, spon his honor, that he saw the Prince write two letters to bis royal mother, and that enterprising chroni- cler protests that he has excellent authority for the stalement that in one of these episties Arthur sug- gested to the Queen the propriety of knighting the ariable Thornton. THE PRINCE VISITS THR TREASURY DEPARTMENT. But Jenkins aside. The Prince had arranged to visit the Treasury Department to-day and observe how his Uncle Sam makes money, receives it, counts itand pays it out. Possibly his roynl mother, or maybap Mr. Gladstone, may have instructed him privately to ascertain the American secret of paying off the public debt from Secretary Boutwell. On this point, however, the Secretary is reported to have been very reticent, so that his Royal Highness did mot learn much, and will consequently be unable ~ give Mr. Gladstone the information desired. The Prince reached the Trea- sury Department about half-past eleven, accompa- nied by Colonel Elpninstone, Lieutenant Pickard, Ensign Fitzroy gnd Mr. Fane of the british Lega- tion, the latter acting as escort. Mr. Thornton's private carriage, containing the Prince and Colonel Elphinstone and anocher, with the rematoder of the suite, drove up to the west front of the Treasury Building, where the party alighted without being confronted with the usual crowd of gazers. They at once proceeded to the office of Secretary Boutwell, where they were received with a hearty welcome. after a short conversation Secretary Boutwell volun- teergd to show the Prince and suite through the Treasury Building. First of all the printing division wag visited. The Secretary explained to the Prince the modus oper- andi of making greenbacks—told him how many millions were turned out during and since the war, and how the presses had been kept running day and night to supply the demand in the early days of the rebellion, At all this his Royal Highness seemed amazed, and expressed nis gratification at seeing the machinery. All the branches of the printing division were visited in turn—the drying room, the separating room, the trimming room, and finally the counting room, In the last named the Prince's eye met the gaze of alarge num- ber of girls and women of all ages, from sweet aix- teen to sixty; of ail sizes, forms, complexions and styles of beauty and homeliness, He might have se- lected a partner to suit his own taste, his mother’s beau tdeal, the whims of the royal family or the wisnes of the people, but for the unfortunate circum. stance there were none of them of the blood royal, either of the house of Hanover or of Schieswig- Holstetn. The giris looked archly from their work at the Prince, thongh their nimble fingers kept on counting the greenbacks with a rapidity that made she Prince’s eyes twinkle and his brain almost swim. No word, of course, escaped the lips of the counters, thougn It is safe to say they kept up a great deal of thinking. ‘The next bureau visitea was that of the Treasurer Of the United States. Tue Secretary frst conducted his visitors to the office of Treasurer Spinner, where they found that vencrable gentleman pard at work attaching his singular signature to drafts, warranta and checks of various sorts, amounts and descrip- tuons. The Prince recognized him at once as the man whose good looking phiz ts onthe old firty cent notes. The introduction was a tormality, for the Prince felt as familiar with General Spinner as ifthe had served as a clerk with htin for the last ten years. General Spinner was expatiating upon his favorite theme of keeping dumned rogues away from the ‘Treasury vaults, when the amiabic Secretary Boutwell reminded him that life is short and time ts Meeting. General Spinner took the hint, saying he would reserve what he was about to say for his next annual report, a copy of which he promised to send the Prince uader his own frank, marked “OMcial business.” He then escorted the party through the various branches of the Treas- urer’s Bureau, going first of gil to the cash room, which he knew would dazzle the Prince. inner was correct in his judgment, a3 he usually ig. for when the Prince stood in the midst of the polished marble room, with its variegated Colors, he opened his mouth as well as iis eyes with astonishioent. He did not want to depreciate his native land by bringing her pubic pond. ings into comparison with those he had seeu here, nut he could not help saying this was the finest room he had seen on this side of the water. The next point to which they were conducted was the vauita, Hig Royal Highness was not permitted to peep into these, but Spinner told him the exact coin balance in the ‘Treasury up to that moment, how much gold came in every day and how it was kept there to smash the gold rings which were formed irom time to time in Wall street, a place in New York, said Spinner, which 1s the resort of all the rascals in the country, The Prince regarded Spinner with evident interest as he watched nim surveying complacently she strong doors and bolts which bar the way to tne hidden millions of yellow eagies and doupie eagles. Spinner lingered here as @ man does around the spot where bis treasure 1s, and lently Wanted to im- Bay the Prince with an idea of the vust wealth of nele Sam, ior he told him more than once how much coin there was in the Treasury. A VIEW OF GENERAL SPINNER’S TREASURES, The good-natured Treasurer, recailing hig own boyhood, thought the young Prince would like to 8c@ some of the young ladies about as well ax the vaults, and so he conducted him through some of the rooms in which there is nothing but girls. Now, the girls in Spinner’s bureau are the tandsomest in the Treasury building. Beauty y# one of the points which decides whether they shail or shall not be employed. An ungainly, iil-favored woman is as ob- noxious to Spinner as a Wail sireet gold gamoler. The Treasurer has an idea that a handsome woman can do her work etter than @ homely one. As was wo have been expected the Privoe was fairly dazaled when he entered the room in which the Jadies are. Seeing so many of them made hin biush siigutly, but Sptuner came to his aid and assured tim (hat they were perfectly harmiess aud no gusuing de- Mmonstration need be anticipated, As ve passed through the corridors from room to room such of tue employés a8 were there stopped to gaze at him. ps elt were @ large pumver Of young iadies, who ing away from their offices were tree from restraint. They commented variously upon the appearance of the Prince. Some said ne was a dear, Dandsome tellow, and looked just like a prince; others thought he was not as good looking as some of the clerks or as come of their Congressional friends, Some ol the more impressive wanted to ‘kiss him for his: mother. One girl wished she had a lock of his hair; another hoped be would drop his oe handkerchief so she might pick 1h up and eep itasarcmembrauce. A brunette was curious to Koow if he nad a sweetheart, and pictured w her compensa the kind of # Woman she thongav he would matry. After doing the Treasury Department the Prince returned to the residence of the British Minister, where he lunched and tried to recall whe beautiful faces he baci seen in Spinner’s Bureau, A SECOND VISIC TO THE WHITH HOUSR—THR PRINCE ASSISTS AT MRS. GRANT'S RECEPTION. At haif-past two o'clock the Prince, tu company with Mrs. Thornton and Colouel Biphiistoys, to the White House to attend Mra Graill’s recep. on, fis arrival was unexpected, and he euiered tbe White House without ceremony with the callers. AS soon as he had paid bis resp to Mrs. Grant he, witt Mra. ‘ihornton, was assigned a piace ou ber righy @nd assisted in receiving. ‘the Jady callere were of course delighicd at We Wa : 3 looked-for pleasure of meeting the Prince and betng ne Jotrodaced to him, walle the gentlemen who accom- panied the ladieg felt eey, honored. The Prince was well at home among the ladies, and smiled and chattse a8 pleasantly asif he liked that sort of which he no doass does. He remained i close of the reception, aud expressed himself highly gratified with it. VISIT TO BRADY'S GALLERY—THE PRINCE PHOTO- ED. GRA! About four o'clock in oon. after leaving the White House, the Prince, accompanied bad nel Elphinstone, Lieutenant Pickard, Ensign Pitaroy and Mr. i. s. ©. Strange, took @ walk along Penn- sylvania avenue as far as Brady’s photograph gal- lery. The entire party entered the elegant estab! Ment of the famous Brady and were received by that gentleman with becoming courtesy. The Price ex- plained vo Mr. Brady that he came to look at the pores and war views on exhivition and also to ave his likeness taken. Mr. Brady, assisted by Mr. Townsend, escorted the Prince and suite through the various apartments and poinied out all the pho- sographs of noted personages and the views of scenes during the war, on the battle fleld, in bivouac and on the march, Among the pictures waa @ fine one of the Prince of Wales and suite, taken by Brady in New York some ten years ago. The Prince Pronounced the likeness of Uis brother admiraol and recoguized the features of the Duke of N castle and the other noble personages surrounding the Prince of Wales in the photograpn, He was much struck with a life size ot! painting of General Grant, and seemed to take great Interest in the por- traite of the dead Presidents and statesmen com- prised in Brady's coilection, Fuzroy and Pickard expressed great admiration for the war views, which seemed to interest them more than the other pic- tures. The Prince bought copies of the rose of President Grant and his Cabinet and a full set of views of our public bulidings. After satisfy- ing his desire to examiue the coli¢ct:on, the Prince and suite were escorted to the operating room, where Qn imperial ;hotograph of the Prince standii alone was taken by Brady, and also another wi the Prince surrounded by Elphinstone, 5 Fitzroy and Stra After this the entire party registered their names, the Prince simply writing. ina bold, free hand, “Artnur, Montreal.”’ THE DINNER PARTY AT MINISTER THORNTON'S. In the evening at seven o'clock another faspion- able dinner party occurred at Minister Thornton's. The guests were the Prince, Senators Ham- lin, orton, Conkling, Sherman and Cameron; Speaker Blaine, Admiral Dahigreen, Baron Lederer, Austrian Minister; Baron Gero!t, of Prussia; M. Catacazy, Russian Minister; Blacque Key, Turk- ish Minister; Colonel Elphinstone, Lieutenant Pickard, Ensign Fitzroy and Mr, P. Trenck. Madam Thornton sat at the nead of the table, ’rnce Arthar on her right and Senator Morton on ner left. At the other end of the table Mr. Thornton presided, with Baron Gerolt on his right and Baron Lederer on his left. The entertainment was of the most agreeabie kind, both as regards the substantial things of the tavle and in point of interesting con- verse. ‘The Prince talked freely about bis vidlt to tuis country and expressed bis views with great candor. At about half-past nine o'clock Mra, Thornton retired from the table and the Wine and cigars were brought forward. Little Cudriey Thornton, favorite son of the Minister, acted as @ sort of attendant on arty, heiping the wine and segars in @ lively fashion, ‘The entertainment broke up about ten o’clock, when the Prince left to attend General Sherman’s reception. Senator Cameron half in- duced the Prince to make @ promise to visit Penn- sylvania before his departure. ‘A BRILLIANT RECEPTION AT GENFRAL SHERMAN'S At half-yast ten o’ciock the Prince, accompanted by Mr. ‘rhornton, Coione! Elphinstone, Lieutenant Fitzroy Pickard and Mr. Fane, reached General Sherman’s residence, The object of ine visit was to be present at the reception given by the General. In anuctpation of the distingutshed visitor an im- mense throng had gathered in the spacious parlors of the General’s mansion. At least 300 ladies and gentlemen, were present, inciuding bigh omficers 10 the civil, military and naval departments of the government. The Prince entered the house without any preiiininary coremony. He was Poe atthe door vy General Sherman, who condidcted him into tie parlor and introduced him tw Mra Sherman and daughter, After a very brief conver- sation, the Priuce nervously twitching his mastache, resting upon the arm of General Sherman, was conducted through the pariors, which gave the ladies particuiarly an opportunity to gratify ther curiosity. No demonstrations were made upon his royal person in the way of kiss- ing. The party remained but filteeu minutes, whea they returned to thelr carriages. ‘Tho following promiment persons Were present:—Secretary Bout well aud daughter and Secretary Roveson, Senators Trumbull, Ediunds, Rico, Drake, Gilbert, Sherman, sstewart, Norvon, Fenton, Warner, Corbett, Osborn, Sawyer and Ferry; Seflor Ruiz and two daugh- ters: Colonel Audenreid and lady, — Colo nei McCoy and lady and Colone) Dayton Surgeon General Barnes, Admiral Porter and two dangniers; Admirals Batey, Captaim Phipps, Mrs, Senator anied by Mrs, Roche and Miss Gil- t Secretary of Staie J. C. Bancroft ay, Colonel Sprague and daughter, Judge Advocate General Holt, General F. T. Dent, Representatives Hooper, Slocum, Judd and Wash- burn; Mr. Sherrill ana lady, General Worthington, ex-Minister to the Argentine Republic; Major stack, of tne Marines; sister and miece to Sena- tor Steward, Dr. W. Maxwell Wood, lady and Biece; J. Kennedy, Mr. Siade, General and Mrs, Dyer, ex-Secretary McCulloch, Coionel Dupont, Genera! Vincent, General McDoweil, General Rem- say, Hamilton Fish, Jr.; Commissioner Wilson, Colonel Douglas, the President's private secretary; Judge Casey of the Court of Claims, ex-Senator Doo- little, ex-Attorney General Evarts, Captain Harri- son, Commandant of the Naval Academy at Annapo- lis; Professor Harkness, of the Naval Voservatory, accompanied by Misses Pomeroy and Corning, Gene- ral Marcy, Couimodore Sands, Superintendent of the United states Naval Observatory; Captain Jeffers, J. E. Hilgard, of. the United states Coast Survey. It would be imposstple to do justice to the elegant tollets of the ladies. The fashiouabies to-night put on their best looks, but the presence of the Prince was too brief to give them an opportunity to prac- tize their foscimating arts, General Sherman is famous for the brlitancy of nis receptions, but that of to-nigot outsiripped all. AN INVITATION TO DINE WITH HIS ROYAL HIGHNBSB DECLINED. Senator Casserly, who was invited to the dinner to-night, declined, which has given rise to some comment here. His colleagues in the Senate are asking whether he 1s a Fenian. FROPOSED VISIT TO THE NAVY YARD. To-morrow the Prince Will visit the Department of the Interior and the Navy Yard. At the iavter piace he will be euvertained ata flne lunch by Rear Ad- miral Danigren, the Commandant of the Yard. AN INVITATION TO VISIT RICHMOND, B. Luck, of Spottswood Hotel, arrived here to- day to tnvite Prince Arthur, on beuali of the citizens Of icbmond, to visit that ewy. He was informed at the legation that the Prince would go no fursher south now, bat would {probaoly do so before return- tug to Lurope. A Dinner anda Ball for Prince Arthur? A committee of thirty-five geatiemen met in the Collector's room in the Custom House, on Monday, for the purpose of agreeing upon @ pian for the en- tertainment of Prince Arthur. The result was that after the organizauion of the commities it was agreed to give an entertainment at Delmonico’s, which would afford the distinguisned young man an Opportunity of seeing New York society in its best light. The following is tne copy of a intter signed and sent to the Prince to-day by five of the commit- tee om behaif of themsecives and the other genulemep coneernea:— New York, Jan. 24, 1870, Your Royat. HighNess—Desirous of testifying our high respect for her Majesty the Wueeu, your mother, we have the houor to request your presence at bail to be given In this city on such & day as may suit your convenience, We have the honor to be your Royal Highness’ obe- dient servants, sone A. DL . 1 Le BELMONT. 4 P. MORTON, is DENNING DUER. To bw Royal Highness the Painces Agrovun, &c. A favorable reply was returned by Prince Arthur last evening, so thatthe committee will at once commence preparing for the /éte. It was decided at first to give a ball only, butit has since been ar- ranged to have # banquet at Deo;mouico’s on the same evening, which will be Tuesday next. ~ GOWARDLY ASSAULT. Yesterday afternoon at about half-past two, while Sandy Saxon, @ colored ‘iongshoreman, fifty-one years old, was oa his way home to dinner, he was suddenly met at the corner of Spring and Thompson streets by the well-known prize fighter Jim Elliott, a ruMan of huge proportions, who was slightly intox!- cated and was accompanied by several overs. With- out any tee on the part of the tmoffensive negro the billy shoved bim into the guteer, and immediately drew @ revolyer and shot him in tne fleshy part of the tngh In spite of the wound Saxon jumped up and Hed his assatiant to the earth with one piow from heavy coupiny-iron he carried. Omcer Daniels cumne up at Us stdge and took the two men to the Eighth precinct station house. Saxon is # gisutin aiaiure, and bis geel-like muscies drew forth the admiration o! ir. Freligh, who dreased his wound, Both men were locked up, and bliote will pe ar- raigned before Justice Shandley, at the Jefferson Market Pole Court, this morning. TS SCANING THE COCK FIGHTERS, A pose of oMcers from the Forty-first precinct last evening made @ descent on James, Giddings’ lianor saloon, 280 Hudson avenue, Brooklyn, where it was reported a cock fight was to take place. There was a large crowd of roughs present, who turned off the gas a8 soon as the police a and escaped iui the street. None of tie chickéns Were found op the premises, Giddings was Osea About a mourh siuce by Justice Walsh for fighting COOKS at nis place. STEAMER BEFOUSED. The sioauer Peter G. Coffin, while on her way to Haverstraw yesterday, atfour P. M., ran aground on the dock at the foot of Seventy-ninth street, dix> AO We fox. SUC wid WOE LOL asd) OMT Ee