The New York Herald Newspaper, October 13, 1873, Page 7

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FRANCE. —-_—_ ‘Whambord at Salzburg—An Andience to a French Deputation—His Reply To Be Trans- mitted to Paris—Thiers Defends Popular Right—Rouher and the Imperialists. TELEGRAMS TO THE NEW YORK HERALD. Paris, Oct. 12, 1873, The Count de Chambord was at Salzburg, in Southwestern Austria, to-day. He visited the Grand Duke of Tuscany and received a deputation of monarchists from France, which arrived in the ‘sown this morning, What reply ne gave to the deputation is un- ‘known, but it will probably reach this city abous ‘the middle of the present week. ‘The committee of the monarchical members o1 the National Assembly will meet on the 17th inst. “to receive and consider the Count’s final reply, and ‘will communicate the result of their deliberations ‘to the bureaus of the Assembly on the next day. The Bien Public says ex-President Thiers hus not ‘een seen with M. Gambetta since his return to "Paris; that he will hold aloof from all cabals, but “will defend the liberties and sovereignty of the people before the Assembly. M. Rouher, at the solicitation of members of the ‘Right, will call a meeting of imperialists, to be held on the 15th inst., for the purpose of appealing to the people to support the compromise in case concessions are made by the monarchista, 5 ‘The Bazainc Court Martial, 3 PARIS, Oct. 12, 1873. M. Rivitre's report against Bazaine says, 11,000 soldiers of the army surrendered at Metz died while prisoners in Germany. It would have been ypreferable and more glorious if those lives had been lost ina sortie from the city. The honor -of the army is symbolized inits flags. Bazaine» instead of destroying thuse flags and thereby les- sening the humiliation of the surrender, delivered them tothe enemy. The accused held no review sand never visited the ambulances. fhe Duke d’Aumale, President of the Court ‘Martial, yesterday ordered Bazaine’s justificatory Memoir to be read. It deals’ briefly with only the chief points of the indictment, relates events and leaves charges unanswered, holds the Lieutenant ‘responsible for the bad execution of movements vordered, regrets that they have now turned ragainst him, and concludes with the statement ‘that events were stronger than the writer, “whose conscience reproaches him with nothing. The President directed the prisoner to rise and ~te remain standing during the reading of the heads ~Of the indictment. ‘The Marshal exhibited deep -emotion when the part was reached wherein he is accused of not doing everything prescribed by duty and honor. “(The French Elections—Republican Vic- tories. Parts, Oct. 12th, 1873, } via LONDON, Oct. 18—2:30 A. M. Elections to fill vacant seats in the Assembly “took place to-day in four Departments. Partial re- turns received to-night from Toulouse show that M. de Rémusat, who ran against M. Niel, a nephew of the late Marshal Niel, and the candidate of the Right, has been elected in the Haute-Garonne, and that the three other Departments, Puy-de- Dome, Loire and Nitvre have been carried by the Republicans by overwhelming majorities, SPAIN. Bumored Plot to Assassinate President Castelar— Alfonso a Rival for Don Carlos—A Funeral Pyre of Slain Carlists— Cannonading at Cartagena. TELEGRAM TO THE NEW YORK HERALD, MADRID, Oct. 12, 1873. There {s a doubtful rumor in circulation that a conspiracy has been discovered to asssssinate Sefior Castelar. The Alfonsista Club have issued a manifesto de- Claring that the time has come to prepare for the accession of Don Alfonso to the throne of Spain, Sefior Castelar yesterday paid official visits to General Sickles, the American, and Mr. Layard, the British Minister. A large number of Carlists, who were defeated at La Jonguera, have taken refuge in France. They first made a large tuneral pyre and burned all the ‘Dodies of their dead, A despatch from La Palma, near Cartagena, dated Saturday afternoon, reports that the com- mander of the insurgent frigates promised to offer battle that day to the government squadron off the port. Cannonading had been heard for the last two hours, and it was believed that a naval fight was in progress. British, French, German and Italian men-of-war ‘had arrived at Escombreras. The merchant ves- sels were leaving the harbor of Cartagena, and the foreigners who remained were hurriedly prepar- dng to quit the city. IRELAND. Popular Political Demonstration and Disorder “ in Cork, “TELEGRAM TO THE KEW YORK HERALD. Lonpon, Oct. 13—2:30 A. M. ‘There was an immense open air demonstration at Cork yesterday in favor of Fenian amnesty, home rule and the rights of labor. Twenty thou- sand persons took part im it. The proceedings Were accompanied with much disorder. PERSONAL INTELLIGENCE. Judge C. L. Woodbury, of Boston, is at the New “Work Hotel. Mayor Charles A. Otis, of Cleveland,nas arrived ‘@t the St. Nicholas Hotel. Ex-Coagressman Frank Morey, of Louisiana, is Tegistered at the Filth Avenue Hotel. Chinn is the name of a Kentucky aucttoneer. vis Raid to be an adept at “chin music.” Captain K’ nnedy, of the steamship Baltic, ar- _Tived yesterday at the St. James Hotel, Chief Engineer William W. Wood, of the United States Navy, is staying at the Union Square Hotel, General Winfeld 8, Hancock, just from New York, has been visiting the Fair Grounds at St. Louis. Ex-Governor William B, Lawrence, stopped at the Brevoort House yesterday, otis way to Wash- ington. \-Gapiain F. Bermudez, the Spanish Military ‘Agent in the United States, is stopping at the Huit- \man House. General Benjamin F. Butler, arrived at the Fifth Avenue Hotel yesterday morning, and left in the evening for Washington. Lieutenant Commander Frederick Pearson, of ‘the United States Navy, is among the late arrivals -at the Sturtevant House, Captain Von Eisendecker, the new Naval Attaché to the German Legation, was on Saturday pre- sented to the President, Governor Ingersoll, of Connecticut, has ap- pointed Colonel James F, Babcock, of New Haven, Chief of the Bureau of Labor Statistics for the State. It 1s not fifty of the “fast” young ladies of Georgia who are to visit the State Fair in homespun, but fifty of the “first” young ladies, Western papers please take notice. A Boston paper gives as the first Eve-angelical Aliiance on record, that which our common ances- tor opened with his famous remark:—“Madam, Pm Adam.” By & Very singular coincidence in regard to names—one that has certainly not oc- curred since the food—it happened that Dr. Adams made one of the opening addresses at the Alliance ‘whose labors are just closing in this city. LEOTURE BY REV, HENRY MORGAN, Boston, Mass., Oct. 12, 1873, ‘The Rey, Henry Morgan delivered his lecture on “Fast Young Men,” at Music Hall to-night, for the thirty-second time in Boston, to an immense audi ence. Hundreds were unable to obtain ad- He YELLOW FEVER. | Twelve Interments in Shreve- port Yesterday. THE SCOURGE IN MEMPHIS. Awful Condition of the Plague- Stricken City. HOPES THAT THE END IS NEAR, Names of the. Dead and Dying. RELIEF FOR THE SUFFERERS. SHREVEPORT, La., Oct, 12, 1873. A sudden change in the weather on Saturday night no doubt was the cause of the increase in the number of interments. Had not the weather here turned cooler some of them would probably have lived a day or two longer. Nearly all the deaths were in the outskirts. Among the number was Major George Haymaker, local agent of tho Texas and Pacific road. Among the last convalescents are Colonel D. B. Martin, Arthur Newman, F, H. Satch, Judge Henry G. Hall. Among the new cases is William Walger, mer- chant, on the other side of the river, who will die. ‘There were only five or six new cases in the city proper to-day; the outskirts show a larger num- ber. Dr. T. J. Allen, one of our most prominent physt- cians, was taken down last night, This is his first attack, The interments to-day were twelve, Sad Condition ef Memphis—A City of the Dead—The Only Business that of Bury- ing the Dead. MeEwPuis, Tenn., Oct. 12, 1873, The streets to-day were almost entirely de- serted, There were no crowds of citizens going to and trom church, no pleasure vehicles; nothing but hearses and the attendants flying to the ceme- tery, and as quickly going to receive another victim of the terrible scourge. The ceremony of burial has Jong since been shorn of its solemn formality, and to meet the de- mands for the removal of the dead the undertakers are required to move with a celerity more becoming merchandise trans- ports in tne midst of the busiest season, Occasionally a vehicle containing the Visiting Com- mittee of the day of some relief association was to be seen proceeding at a rapid pace; but, aside trom these, the city presented a most gloomy picture. A perceptible change in the temperature set in at about three o’clock this afternoon, and by nightiall gave promise of frost, in tne event of which a check in the spread of the dis- ease may be expected; but a fearful mcrease of mortality will surely follow. A slight abatement of the disease is manifest, as but few new cases are reported by the various committees and but fifty-seven deaths from all causes. THE DISPOSITION OF THE SUPPLIES. The following card from Commissary Agent Nealis, will appear im the Appeal to-morrow morning, as to the disposition of the supplies furnished by President Grant and from private sources:— UNITED STATES COMMISSARY AND CITIZENS RELIEF ASSOCIATION, 38 MADISON STREET, MEMPHIS, Tenn. We have filled requisitions from all the charitable institutions in Shelby county for at least one month's Poe Also all orders from the Howard Association drawn on us, and also all orders from the relief committees drawn on us to date, and only incurred an expense of about $300 to the Citizens’ Relief Association. We are in receipt of two car loads of provisions from the United States government, which will be ready for distribution to-day. I will here state that we will be happy to supply destitute persons upon application endorsed by the proper authori- ties. W. NEALIS, Commissary. REPORT OF THE KNIGHTS OF PYTHIAS COMMITTEE. ‘The following 1s the day's report of the Knights of Pythias’ Visiting Committee :—H. S. Reynolds, T. S. Jukes, A, Hunn aud H. Shultz, convalescent; L. 8. Heston, died at four A. M.; Mrs. A. Hunn and two children, down; J. Vanah, worse; George Tweedy, better; Lorense, not yellow fever; Moran, doing well; William Yancy, better; Miss Lucy Yancy, down. ° THE MASONIC BOARD OF RELIEF report that on Friday they buried four, on Satur- day ana to-day five members of their fraternity, making thirteen in “nree days, and that the num- ber of cases Under treatment and requiring con- stant rrention is about Sixt aff in- crefjse of eight new cases since yesterday. ‘he treasury of the Board is exhausted, the contributed fands drained, and the members of the Board pensioners upon the charity of the breth- ren throughout the country. They have assu- rances that remittances will be received from various lodges to-morrow. THE ODD FELLOWS! RELIEF BOARD report twelve new cases to-day, some of which, however, were of several days’ duration, and one patient was found dead when visited by the committee. This verifies the former statements that there are numbers of new cases occurring daily that are not reported to any of the societies for various reasons, one of the most prominent being that the friends of the invalid seek to effect a@ cure without the aid of a physician, THE ST. ANDREWS SOCIETY buried one of their members to-day. Another died during the day, and they will lose another to- night. They have now five or six patients to look after, some of whom are in a fair way of recovery. In a conversation between Dr. L, P. Blackburn and one of the Appeal reporters the former gave the opinion that the backbone of the scourge was broken and that the entire abatement of the dis- ease is only @ matter of time; that a large number of the amicted, with proper attention, will recover, and that fatality will not necessarily occur, exceptin cases not properly cared for or comfortably situated. Among the deaths to-day is that of Mr. C. Canning Smith, United States Com- missioner tor the Western district of Tennessee, an esteemed citizen and @ lawyer of high standing in the ranks of the Bar of Memphis, Contributions for Memphis and Shreve. port. CarRo, Iil., Oct, 12, 1873. The Cairo Commandery collected $100 to-day within two hours after learning it would be asked for by the Knights Templars of Memphis. ‘The amoant was forwarded by telegraph. MILWAUKEE, Wis., Oct. 12, 1873. Subscriptions for the relief of Memphis and Shreveport are coming tn freely. The Temple Em- manuel Jewish Society raised $300 to-day and re- mitted $300 a few days since. They will raise $1,000 before the end of the week, A Steamer Quarantined. CAIRO, I1]., Oct. 12, 1873, The steamer Keokuk, reported as having tour of her crew down with yellow fever, was forbidden to land this morning, and passed up the Ohio River, EXCURSION OF PHYSICIANS, POUGHKEEPSIE, N. Y,, Oct. 12, 1873, Aspecial train, having about fifty prominent physicians of Southern New York on board, arrived here on Saturday. The doctors were met by Dr. Cleveland, of the Hudson River State Hospital, and taken in carriages to that institution, which they thoroughly inspected, and returned to their homes in the evening. ARRIVAL OF THE STEAMSHIP NEVADA, ‘The steamship Nevada, of tho Wtlliams & Guion ine, from Liverpool October 1 and Queenstown 24, ( arrived at this port av an carly hour this morning, WEATHER, REPORT. Wak DEPARTMENT, | OFPICE OF THE CHIEF SIGNAL OFFICER, Wasuinatox, D, C., Oct. 13—1 A. M. Probabilities, For Monday in the Southern and Gulf States northerly winds, clear weather and somewhat lower temperature; the storm centre in the North- West moves eastward over the lake region, For the upper lakes fresh to brisk southerly winds, veering to southwest, with cloudy weather. For the lower lake region winds backing to southwest, with partly cloudy and clear weather and rising temperature. FoR THE MIDDLB STATES NORTH AND WEST WINDS AND CLEAR AND CLEARING WEATHER. For New England, rapidly rising barometer, fresh and brisk northwesterly Winds and cloudy weather, Cautionary signals are ordered for Duluth, Mar- quette, Canada; New London, Woods’ Hole, Boston and Portland, Me. The Weather im This City Yesterday. The following record will show the changes in the temperature for the past twenty-four hours im comparison with the corresponding day of last ape as indicated by the thermometer at Hudout’s ‘harmacy, HERALD Building :— 72, 1873. 1872, 1873, 62 3:30 P.M... 54 62 53 OPM 6155 58 9PM +43 60 60 12P.M.. 47 43 Average temperature yesterday... AK.) Average temperature for corresponding date last year.... READING, PA. A Chapter of Casualties, Murders and Robberies. READING, Oct. 12, 1873, William P. Dickinson, an old and well known citizen, was burned to death by the ignition of gasoline, which he was tapping in the cellar occu- pied by him at No. 19 North Sixth street. The flames communicated to the building, but the fire was speedily extinguished. Damage to the build- ing and stock 1n the store $1,000. W. Kissinger, son of Jacob Kissinger, aged nine years, residing in Tulpehoccan Creek, three miles from Reading, was shot through the leit lung and instantly killed, on Saturday afternoon, by a youn; Mnan residing in Reading, who has since escaped. ‘The case is one of deliberate murder, A wealthy farmer named Adam, residing in Greenwich township, twenty-five miles from Read- ing, who is said to have drawn a considerable sum of money from the bank, was attacked by several men near his residence on Friday night, murdered and robbed. The murderers have escaped. John Staab, the proprietor of a saloon in Read- ing, was attacked on Saturday at the Kutztown Fair and so badly beaten that his life is in danger. George Knipe, A yOune man, in returning from the country on Saturday evening in a carriage, was attacked by highwaymen, five miles from Reading. He procured a butcher's knife, and returning, charged upon his assailants. One of them, named Covinski, was badly cut in the back and face, and had one of his ears cut on, The liberal republicans of Berks county will nom- inate a county ticket to-morrow, to be voted for on Tuesday, OFF FOR THE GOLD COAST. Sailing of the Steamship Bonny for the Scene of the Ashantee War—Unhappy Experience of Sir Garnet Wolseley and His Stam. [From the London Dally News, Oct. 2.] Yesterday morning, at seven o'clock, the steam- ship Bonny, baving completed her lading at the Magazine moorings, off the Royal Arsenal, weighed anchor and set sail with a valuable cargo of pro- visions, ammunition and otiier stores for the Gold Coast expedition. Her commander, Captain Ham- ilton, expressed his intention of making all haste to his destination, as he is anxious to preserve the character of his ship, especially now that she has become famous, and he expected to reach Cape Coast Castle on the 18th inst. The Bonny and all the other vessels engaged in this work have been chartered by the government for one month, a period which 1s about sufficient for the lading, the voyage and the debarkation at the journey’s end. They will then be at liberty to proceed down the coast for trading purposes, the nature of which is principally collecting palm oil for the Englisu mar- ket, but it is understood that they are all avatiable for the use of Sir Garnet Wolseley, if he should re- juire them, and they may be sent home at once for more stores, THE PROJECTED RAILWAY, After the bustle which has prevailed at the Royal Arsenal for some weeks past in lading the ships which have gone, the place appears in a state of quietude, but not inactivity, for stores con tinue to arrive, and another large ship is expectéd. It Is not unlikely that a great part of the railway by which it 1s proposed to carry the troops away from the unhealthy region about the coast into more salubrious quarters inland will be made at the Royal Arsenal, where there are vast resources for such a purpose. The quantity of railway iron de- livered will not suffice for a line of more than two miles long, and the War Office has been making in- quiries as to what amount of it the arsenal can iurnish in a given time. Fifty of the new pattern 7-pounder steel guns are being manufactured in the Royal Gun Factories, They are a little longer and forty-five pounds heavier than the mountain un, which was used with such effect by Lord apler in Abyssinia, and they are probably in- tended for boat service, in which a .ittle extra ke ht and bulk are not of much consequence. néy Weigh, however, only 200 pounds, and suita- ble carriages are being prepared for them in the, Royal Carriage Department. THE KIT. The Director Genera} of the Army Medical De- partment has under his consideration a proposal to utilize some of the China hand carts by convert- ing them into travelling filters, These carts, or barrows, as they are sometimes called, are 3 feet 10 inches long by 1 foot 8'4 inches wide, and 1014 inches deep. It is proposed to fit sufficient of them with tanks about 14 inches deep, which will con- tain 30 gallons of water, the whole of the carriage when fitted’as contemplated with Atkins’ charcoal filter and Plled with water, weighing about 33 cwt., Which tvo men could draw With ease. Filters on this plan are supplied to the troops in India, and are of great service. The pocket filters, already described, aie in great request among the troops who are Cee! to be engaged in the ex- pedition, and it may be interesting to know that one of a precisely similar character has been tne constant companion of Dr. Livingstone jn his African travels. As something has been said aoout their cost to the government, it should be kuown that the prices at which they are sold to the public are 5s., 78. 6d., and 10s. 6d,, but that 25 per cent is taken off in government contracts. Messrs, Atkins have just been ordered by the War Ortice to supply 1,000 of them in addition to those already received. POISONED. The Daily News has published a letter from its special correspondent on board the vessel which was carrying Sir Garnet Wolseley and bis stait out to Ashantee, which, it says, will be read with pain and something like indignation. The vessel had been so hastily got ready that she was poisonous with new paint and with bilge water accumulated during previous voyages, She was so low in the water that wave alter wave went over her when- ever the breeze was stronger than usual, and she Was so badly caiked that the moisture on the deck drained through the boards and dripped in the berths. The result was that some of the cabins were absolutely poisonous. Nearly every one on board suffered from painters’ colic, and Sir Garnet Wolseley, though a good sailor, was laid up for several days, It is computed that Sir Garnet and his staff may be looked for at Oape Coast Castle next Friday. e Times’ special correspondent says that Sir Garnet Wolseley and the officers are ail well, and by the time they reached Madeira they were so perfectly acclimatized to the bad food and evil odors that even the West Coast of Africa will hardly urprise them, SOUTHERN VIEWS ON FINANCE. CHARLESTON, S. C., Oct. 12, 1873, The News and Courier, in & leading editorial, takes the ground that the expected imports of specie will not give Southern planters the required relief, and demands an increased issue of green- backs as the only way of restoring confidence, maintaining prices and avoiding general bank- ruptey. Itasks President Grant, in the name of the South, especially, to cail extra session of Congress to consider the financial situation. LADDER OASUALTY, Coroner Young was yesterday called to No, 261 West Forty-tirst street to hold an inquest on the body of Henry B. Van Ness, a man forty-seven ‘ears of age, and born in New York, who was killed by falling from a swing ladder while engagea in painting at the Hofman House on Saturday after- noon, FELL FROM A BUILDING, John Lynch, a brick wason, thirty-one years of age, died in Centre Street Hospital on Saturday evening from the effects of injuries received a short time previous by falling from one of the upper stories of the new building now in the course OP erection by the Western Union Telegrapt Com- pany, corngr of Broadwav and Dey street, NEW YORK HERALD, MONDAY, OCTOBER 13, 1873,—-TRIPLE SHEET. WASHINGTON. The Late Panic as Viewed by President Grant. REASONS FOR RESUMPTION. The Establishment of a Post Office Bank Recommended. TREASURY THEORIES. Secretary Richardson in Defence of His Department. CIVIL SERVICE SOFT SAWDER. The Appointment of Chief Justice Chase's Successor Still in Abeyance. WASHINGTON, Oct. 12, 1873, President Grant and the Late Panic and Its Lessons—In Favor of Resumption and will Recommend a Post Office Bank—The Chief Justiceship. The views of President Grant on the financial question were expressed, in substance yesterday, during a conversation between him and a corre- spondent. In the first place, he thought that the panic gen- erally through tue country differed essentially, doth in cause and etfect, from any similar event of which he had knowledge, When such events have heretofore taken place, distrust has been occasioned as to the currency in circulation. Every one in possession of currency would rush to the bank with it or spend it in the most liberal manuer. But now currency, instead of being depreciated, is actually becoming daily more valuable. In response to a question, he said he thought he saw in passing events the first steps toward resumption; for the reason panics generally occur when the country lacks prosperity, such as from the failure of crops, over- purchases irom abroad, &c. In this instance the panic has occurred in the midst of the greatest general prosperity. He believed he was correct in saying that our exports, since the beginning of the present fiscal year, have exceeded our imports; that, too, at @ time when comparatively no cot- ton, the largest single item of exports, was moving. Everything we produce is in great abun- dance, and the demand for it abroad is beyond the supply we have to spare. Our manufactories are prosperous, and many articles which have been imported are, to a large extent, not only being produced at home, but we are actually competing in the supply of foreign markets. The aid recently rendered in the pur- chase of an unusualiy large number of ponds was not so much real as moral. The fact is, the Pre- sident said, the money corporations of the country had become stampeded, and im turn startled and stampeded the whole country. Had not the Trea- sury seemed to aid them in some way, the fright would have become more fatal. As it was, he really believed the effect was going to be beneficial in many ways to the coun- try at large, though the *cost to some individuals deserving of a better fate may be severe. A return toa specie basis can never be effected except by a shrinkage of vaiues. This always works hard to a large class of people who keep all they are worth in margins, This snrinkage has now taken place. Disasters to individuals have already overtaken them, and he sincerely hoped the anvantage might be retained in order to reach @ solid financial basis. Already the currency has appreciated to avout par with silver. He wondered that silver was not now pouring out, When this should take place, his theory was that the country could absorb from $20,000,000 to $300,000,000 of it. This would prove a great benefit in several ways. It would supply a market for a number of years for a product of our mines now becoming a drug. It would take the place of $40,000,000 of fractional currency, about the amount of change that experience has proven to be necessary for the transaction of busi- ness, and will become the currency which will be hoarded in small amounts. He believed that silver once more in circulation, greenbacks would never be at adiscount for silver. All fuctuations from that point would be in appreciation of the value of our paper money. As to legislation, the President said he had thougut much upon the subject, and if he were now engaged in wrtting his annual message to Congress he sbonid recommend positive authority to reissue the $44,000,000 of reserve, a free banking law with the same protection to bill holders as now, a repeal of the clause requiring a reserve for the protection of depositors, a peicentage of the other reserve to be in goid, and that increased in a regu- Jar ratio until the whole reserve would be in gold. This could be solely effected by requiring such in- stitutions to save the whole or a large percentage of the gold interest paid to banks on their bonds held by the Treasurer of the United States for the protection of bitlholders, He aiso favored an ab- solute prohibition to the payment of interest on deposits. The President did not contend that he would be right in these recommendations; but they embodied the views which his unaided reflections had brought to him. There was no question but that much demoralizing and injurious speculation and gambling were caused by the accumulation of capital in large centres during & portion of the year when money is not required jor the moving of products, by the payment of in- terest on deposits. This leads country bankers, merchants and others to deposit in city banks, principally in New York, to make this money earn something during the period when they do not wish to use it. Banks paying interest on deposits cannot afford to hold the money idie. Hence gam- bling in fancy stocks, millions of which as an in- vestment would not support a family, even in the most economical manner; the building of railroads which are not wanted, and which can- not for years pay running expenses, &c, Such gambling and speculation had, he trusted, received a blow from which, he hoped, they never would recover. The President said that unless his mind should undergo a change he would recommend a post office bank. This would give an institution in which everybody would have great confidence, within the reach of everyone who can approach a money order post oMce. He should recommend the payment of four per cent to depositors, and the conversion of deposits either into outstanding United States bonds or into new four and a half per cent bonds, and the taking up of & correspond- ing amount of those outstanding. The President having been asked a question in relation to the Chief Justiceship, replied he had consulted with no one as to the selection; and he repeated what he heretofore said—namely, that in making @ choice he would look to the interests of the country at large, and therefore endeavor to make @ choice which would be generally accepta- bie; and further, on the meeting of Congress he would nominate to the Senate a successor to the late Chief Justice who would not take his seat until after confirmation, The mention of first one name and then another by the newspapers was mere speculation. Secretary Richardson Explains the Financial Policy of the Govern- ment. The decline in the price of gold and the necossity for drawing upon the legal tender reserve form @ serious question in the administration of the finances of the ‘Treasury Department. Secretary Richardson daring the summer adopted the plan of selling five and six millions of gold each month, and purchasing not more than a million of bonds, for the purpose of accumulating a large cysroncy balance with which to buy bonds during September and October, and thereby enable him to put out greenbacks to meet the demand for currency when the time came for moving the Southern and Western crops. Under instructions from the Secretary of the Treasury Assistant Treasurer illhouse at New York paid out national bank notes, whenever parties would accept; 80 the constantly increasing currency bal- ance was, with the exception of a few hundred thousand dollars, composed of legal tender notes. So confident was the head of the Treasury of large exportations and a rapid deeline in the premium in gold, that he re- marked to a prominent official the day before the decline began in Wall street that he expected to see gold even lower than in December, 1871, when toward the end of shat month it fuctuated between eight anda half and nine percent. He had availed himself of the time to sell when he could get the most for it, and, with his ac- cumulated legal tenders, would, in the fall, buy bonds for the Sinking Fund, as required by law. These purchases during July and August amounted to only $223,350, So certain was he of what the condition of the market would be in Sep~ tember that ne had determined not to issue the usual programme for the sale of gold in October. All his expectations have been more than realized. The panic ¢ame before he tutended to make his bond purchases and exhausted his entire currency balance. Gold is now a drug in the market, and it is doubtful, say Treasury officials, whether offers for sale wonld meet with any response. Orders for importations have been countermanded, goods ar- riving are placed in bond, internal revenue re- ceipts do not show any marked improvement, while the expenses of the government continue at about $17,000,000 per month. Should cold weather set in early, and compei the suspension of work on fortifications and public buildings, it would be some help to the Treasury, but the pros- pect is regarded as very poor. Meanwhile the Sec- retary has nothing to do but draw on the Forty- four Million Reserve, as it is called, and possess his Soul in patience until such time as the demand for gold will justify his offering it for sale, and with the accumulated currency balance reduce the out- standing legal tender circulation to $356,000,000; and ifin the course ofaiew days the announce- ment of the daily Treasury balance should show a currency balance of $20,000,000 or $22,000,000, and no apparent increase in the circulation of legal tenders, the public need not be alarmed; for Secre- tary Richardson holds that he has the right to place the whole, or any portion, of the $44,000,000 to his cash credit, and announce, as usual, the exact amouat of legal tenders outstanding. But the question involved 1s, how will he be able to bring tne greenback circulation back to the mini- mum it foreign gold continues to pour into the country and the balance of trade is in favor of the United States? The Secretary himself says that he cannot at present predict the time, and while so much is being sald and printed about the gov- ernment resuming specie payment, people forget vhat the interest on the public debt must be paid in hard coin, aud the customs revenue does not yield too much for the protection of this part of the government indebtedness, Under these circumstances it is believed the convening of Congress will find the legal tender circulation necessarily increased, and the issue will be Squarely made between that body and the admin- istration. Secretary Richardson says :— “I would ag strenuously oppose a bill for per- Manentiy increasing the legal tender circulation above the present standard asI would a bill for permanently fixing it at $356,000,000. One of two things—the Secretary of the Treasury must at all times be able to pay the appropriations of Con- gress, or suspend payment until he can accumu- late currency for that purpose. If the mit was fixed as contended by prominent Senators last winter, then the department would have been obliged to suspend payment on all war- rants when the currency balance was ex: bausted. Nor can the argument be maintained against the department for hoarding legal tenders during the summer and causing, directly or indirectly, the present trouble. The fact that the business community were ready to receive national bank notes would show there was no stringency at the time. It might be alleged that the course pursued would inevitably compel me to draw on the reserve. [am not responsible for the condition of things which compelled the step. Congress makes the appropriations; it is the duty of the Treasury Department to see that the reve- nues are faithfully collected and the moneys re- ceived and legally disbursed. And 1 do not believe there is a member of Congress who would risk his good name as Secretary of the Treasury for a day ifhe knew he had not @ reserve upon which to depend in cases of emergency. Where would the government be now if Senator Sherman's theory had been carried out * I do not remember of a time since the beginning of this administration when the currency balance was as large as at the beginning of the present financial trouble. It has been said I should have held the currency and not purchased the bonds, The law requiring bonds to be purchased at the most favorable price is imperative, and not of my making; and itis my duty to carry out the laws governing the Treasury Department, regardless of public criticism. If Congress should enact that the legal tender circulation shall not exceed tho pres- ent minimum, then it wonld bé the duty of the Secretary of the Treasury to make 4 reserve large enough out of the $356,000,000 for any emergency; and that would contract the volume per- haps $25,000,000 or $30,000,000, I have not the least doubt but $10,000,000 or $15,000,000 of the government issue has been destroyed or mis- laid since legal tenders were first circulated; so it cannot be said there is in circulation the amount supposed. Add this to the regerve the Secretary would be compelled to keep on hand, as a cash balance, and the result to the country, with its in- creasing prosperity, can readily be perceived. No, I think the present standard, with the $44,000,000 reserve, as good as the country needs, as it has proved on more than one occasion, As I said be- fore, I do not believe in expansion of the currency. My mind its fully made op on_ that question; but I do believe the credit of the nation demands the Secretary of the Treasury should always have at his command the means for paying its indebtedness, No legisla- tion can regulate the amount within a few millions of dollars any more than legislation can avert financial panics. When the time comes to sel! gold and accumulate currency it will be done, and any excess in the legal tender circulation over $356,000,00C will be restored to the reserve to the last dollar, As long as the government owes money, and itis necessary to draw on the reserve to pay current indebtedness, it will be done with. out hesitation or limitation, but for no other pur- pose.”? These views of Secretary Richardson are under- stood to be most heartily endorsed by the Pres- ident, who, in his Annual Message, will at length call attention to the diversity of opinion on the subject of expansion, and the absolute need ofa reserve, which will make the Treasury Department almost independent of financial revuisions. While he is most anxious that specie payment shall be re- sumed during his term of office, he realizes that the main obstacle is uncertainty every year as to the amonnt of currency which may be needed for commercial purposes. The unparaileled growth of industry in all sections of the Union—wnich is to be one of the points in his forthcoming Thanksgiv- ing Proclamation—he thinks requires the moditica- tion of the system of banking laws. He does not even say what should be done, but in connection with internal improvements he will ailude to the bearing a better financial system would have on increasing industrial pursuits in all parts of the country, The new silver trade dollar has attracted his attention, and he botieves, if it were in general circulation, would be accepted by the people of the United States, thereby creating a new demand for silver ore and @ corresponding development of the mining regions. A Civil Service Card for the Elections. The President and the heads of the several de- partments have recently expressed themselves more than heretofore in favor of the civil service system of appointinents, as they bave already, not withstanding ‘ne brief period ofits existence, been relieved of much ahnoyance by oifice-seekers, either in person or by the jmportuulty of frends, Many J —! members of Congress, too, whose time was muci occupied in seeking places for prominent poli- ticians of their party, find in the new plan of selec- tion an excuse for non-effort in that direction, Ther President recently said to a friend that the rules would be adhered to as a general principle, though. the public interests might, once in a while, require @ deviation. Proposed Repeal of a Pension Law. It is intimated that the Second Comptroller wilt in his annual report recommend the repeal of the law requiring biennial examinations of pension- era, the expense to the government for that ser- vice reaching, itis said, at least a quarter of @ million dollars per year, while to dispense witiz the biennial examinations would not eest the gov- ernment @ loss of more than five or six hundred dollars, so that by a repeal of the section of the pension statutes requiring these examinations the outlay of $250,000 would be saved to the Treasury and the government would gain the difference be- tween the comparatively light amount whick mught be lost by not having pensioners examined every two years and the amount it requires to per- form that service, Statement of Moneys Destroyed Since 1866. The followingisa statement of face value of moneys ‘destroyed since 1866:— Old demand notes.......... os + $59,950,032 Legal tender notes, new issue... - 535,699,183 Legal tender notes, new series of 1869, 7,240, One year notes of 1863 44,431,295, Two year notes of 1863. oe 16,451,800 Two year notes (coupons) of 1863. 149,968,750 Compound interest notes...... 266,095,660 Fractional currency, first issue. 15, 838,669: Fractional currency, second issue.... 19,984,092 Fractional currency, third issue 82,634,051 Fractional currency, fourth issue.. 10,306,563 Fractional currency, second series, fourth issue.........++ 28,738,697 # Coin certificates, old issue. 429,448,900 Coin certificates, series of 1870. 144,105,000 Coin certificates, series of 1871. 965,000 Total destroved as money $1,951,548, 054 Total destroyed statistical 3,381,918,93@ National bank ‘notes..... 9,280,033 Certulicates of indebtedness. 592,905,350 Total amount destroyed to July 1, 1873. . seeeee $5,935,952, 372 REDEMPTION AOCOUNT. Statement of the redemption of moneys since 1861 :— Moneys destroyed before July 1, 1972..$1,808,314,475 Moneys destroyed within the year.... 143,532,157 Discount on same.......... National bank notes be- fore July 1, 1872.. +. $6,038,229 National bank notes dur- ing the year......... 3,241,803 —— 9,280,032 Statistical matter de- stroyed before July 1 13’ 961,136,928 Statistic: stroyed during the year, 420,782,106 Certificates of indebtedness. . 8,381,918,93@ 592,905,350 935,952,371 814,757 Total destroyed to July 1, 1873.. Balance on hand July 1, 1873., : Total amount redeemed to July 1, 187: . ++ $5,936, 767, 128 A Malicious Statement Contradictcd. The German Minister has just received intellt- gence from Berlin stating authoritatively that Mme. Von Bismarck is not only not dead, but has not been sick, The story was probably invented, he says, by the Ultramontanists to coincide with the arrival of Victor Emmanuel at Berlin, so that it would appear that Bismarck had suifered this affliction for the King of Italy. FIRE IN SPRINGFIELD, MASS, SPRINGFIELD, Oct. 12, 1873. Knappe’s furniture warehouse on State street, im this city, was totally destroyed by fire between tem and twelve o'clock to-night. It was a large wooden building, built im 1819 as the house of worship of the Unitartans of Springfield, and was so used until five years ago, when the society built an edifice of stone, costing $145,000. Colonel J. M. Thompson, sec- retary of the Adams Express Company, owned the building and has an insurance of over $8,000, Herman ae its occupant, saved $500 worth of stock and loses $14,000; insurance $1,000. Mr. Knappe was burned out in another location about a year ago. ‘wo ices houses in Westfleld, owned by Herman Hull, were burned this evening; loss $2,000; no m- surance, STATEN ISLAND POLITIOS. The following is the Democratic ticket for Rich. mond county:—For member of Assembly, S. D. Stephens, Jr.; for Sherif, William E. Denyse; for County Treasury, Abraham Winant; for Superin- tendents of the Poor, Miohael Lyman and M. Langton; for Justice of Sessions, Charies H. Mill- brook; for Coroner, James Dempsey. The candi- date for Senator, Dr. Thompson, of Suifolk, will also be balloted for. Everybody is Hoarse.—There Never wi such a spring for coughs and colds, and never such @ universal anc wrens jemand tor HALE’S HONEY oF HEREHOUND AND TAR. PIKE'S TOOTHACHE DROPS cure in one minute. 7 A.—The Most pie ae ceful Hat tlemen’s wear is manufactu PENSCHEID, 8 Nassaustrece 7 “nd old by Ba A.—Get Your Coats, Pants and Vests dyed LORD'S elegant shades of dark brown, black or blue black. Office 630 and 994 Broadway and ill Eighth avenue. A.—Since the Elastic Tr 683 Broad=- way, which soon cures Rupture, has annihilated metal spring trusses, the finger-pad fellows steal the name, and seil ugsts, elastic trusses, worthless rupture belts’ am po y “band fruases” to ignorant persons. Beware em, Are You Stopping to Think That gaat breeds corlsuimption? | WOLCOTTS, CATARRIE NNIHILATOR speedily cures, Depot, 181 Chatham square. A Card.—We Have Never Advertised, tn any form, to sell photographs of “future husband ‘and Wile,” and have no connection with those who do. Our business is conducted on honest, legitimate and upright Principtes, and we do not deal in hut usyeries of auy ind. B, FOX co,, LEANDER FOX, 369 Canal street. Naw Yor, Oct. 13, 1873, # As a Reliable Remedy for Coughs, colds, hoarseness or any affection of the throat or lu Mme. PORTER'S COUGH BALSAM. A single bi is worth Ofty times its cost. Brick Dust Deposit Indicates Kidney Gomplaint, Check it at once. HELMBOLD'S EXTRACT BUCHLU, the diuretic par excellence, is a certain specitie for all diseases of the Urinary organs and sexual systems Dr. Helmbold is the only man who ever really utilized: and extracted the pro-eminent virtues of Luchu. His preparation is as much superior to the so-called Buchus. uscream is to skimmed milk. In fact, it never tails, Sold by druggists. Batchelor’s Hair Dye Is the Best in the world, the only true and perfect hair dye; instantanee ous, harmless” At all draggisi Dr. Van Dyke Cures Skin Disensesves Office (Thursday and Friday), No. 6 West Sixteenth st. * For Sprains and Bruises use the HOUSEHOLD PANACEA AND FAMILY LIN MENT. Relief from pain “will | internal and external use. _ Sold by all druggists. Forman’s Fall Style of Gentlemen's, and Boys’ HATS are now ready. 351 Fourth avenue, near Twenty-fifth street. From the Gem of the West. A lady triend, with the finest complexion we ever saw, told us that “after reading the advertisement of Dro GOURAUD’S ORIENIAL CREAM, in our publication # year ago, she purchased {t, and now she would not without it for ali the goid in Chicago.” She further said that “hundreds of friends had tried to discover wh had ased, but she had refused to inform them, as she had Prized it asa seeret.” We have determined to m: matter public. Let our readers try it. Found FELIX GOURAU D's, 48 Bond street, New York, and druggists. Havana Lottery. We sold the $500.00) In the extraordinar; vie ape 22; circulars sent; information given. " ah pe York Post o immediately follow. age’. Be % & CO., 10 Wall street, box 4,68 New ice. Our New Opera Hat. Notthe iron pound steel spring affair that breaksdo when you dont want it to—and always it the way & portable, stylish Felt Hat that can de put in the pocket. Comfortatje for travelling or evening wear and rary + » 519 Broadway. ememmah neon ATL much needed, WARNOCK & Pomeroy’s Band Trusses, 744 Broad-, way, New York, never fail. Warranted five years. Are © Tits jenth.—Use THORSTON'S IVOR: T HARE TOME EY NEW PUBLICATIONS. BoOks-SEW AND o1D, in every department of literature, yer — “POUR FANE, 109 rasan street, SHED—P Ri! ti) POST FRE) 2 “GREAT BANK FORGERY OAS "A Cull ‘STEVENS & BONG, He Chancery lage, Londons.

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