The New-York Tribune Newspaper, July 17, 1866, Page 1

7"‘- 7 XXVL...N° 7,88 NEW-YORK, TUESDAY, JULY 17, I866. aribunme, PRICE FOUR CENTQ‘ sented (bat @& number of 7.30 bonds sent to Bayne & WASHINGTON e —— I8 THE CABINET. THE (R Attorney-General Speed's Letter of | * Resignation. —— ATION OF CONTROLLER CLARK The President Vetoes the Freedmen's Burean Bill. s BOTH HOUSES PASS IT OVER THE VETO. RESIG Al s b The Vote in the Senate, 33 to 12; in the a House, 104 to 33. to that gentlewan, Letter from Gen, Dix Indorsing the Johnson Convention. e b PROSFECTS FOR THE REVISED TARIFF BILL. . ————— N The Report of the Merchants' National Bank - Committee, 4 t e —ae WaAsHINGTON, Monday, July 16, 1806, ATTORNEY-GENERAL SPEED'S RESIGNATION. Attorney-General Speed this morning sent bis resig- | uation to the President, and. packing up bi private papers in Mo office, turued over the officis] papers toJ. Hubley Asbton, peral, who is now acting At Sbe Assistant Attor |4 ey General. Mr. Spced offers his house for sale and bis furni He intends going at once to his home in Ken- b Stansbury of | ture for sale. tucky. There is but little doubt that Heury will be kis successor. | Tho name of W, B, Reed of Pennsylvania is mentioned, i | but ke bas not the iodorsement of Edgar Cowan, who will probobly desire a seat in the Cabivet bimself pext Winter, if e ehould net be reélected to the Semate by the Penusylvania a piated outlay of 200,000,000 THE NEW VICE-PRESIDENT. Legirlature. The following is & copy of Mr, Speed’s letter of resignation sent tothe President this afternoon at 2 o’clock: T the President. Sik: 1 berewith resign to you the office of Attorney Genera of the United States. Be good enough, Sir, to accept my thauks for the kindness, consideration and confidence you bave always sbown me. I have tle bonor to be, Sir, your most | obedient, JAMES SPEED. The relations between Mr. Speed and the President have | Deen perecnally mutael, cordial, and friendly. Mr. Johuson. | 0 bie Jetter. Whieh will ha sant to Mr, Speed to-morrow, gives | expression 0 bis regrets that they should bave aime: ypolicy for the goverment of the country, and, while deeming it o ¥ [ P e duty to accept the resiguation offered, takes ocession to yeiterate bis kindly feelings and a bope that they may still con- tinue warm persoual friends. The letter is nocessarily sbort, | ¢ avd a little more cordial in tone than that sent to Mr. Den Bison. Rumors come afresh as to who will be Mr. Speed's sncces sor. The Altorney-Geveral is in no wise informed, neither @ the most intimate friends of Mr. Jolnson predict with aoy degree of certainty who it may be. SECRETARIES HARLAN AND STANTON. There is very little probability that either Secre- taries Stanton or Haxlan will resigu before the adjournment of Congreee. The President is more than anxious that Secretary Stanton eball xesign, but be and Secretary Hailas, acting underjadvice frow the Union porty, will remain until eituer is requested to wegate bis position. THE POSTMASTER-GENERAL'S BUREAU. The name of ex-Gov. A. W. Randall, nominated to Yo Postmaster-General, is before the Senate Post-Office Com- mittee. Many of the members are in favor of bis coufirma- tloo; and, exceptiog bis recet prominence as presiding efficer of the Jobuson Club, be would no doubt be confirmed. This is the wain objeotion, and renders the result somewhat Goubtful. If be should be rejected, it is said that the Presideat will pomizate Montgomery Blair. Gov. Raundall is legally acting Postmaster-Geneoral now. RESIGNATION OF THE CONTROLLER OF THE CURRENCY. ‘We nnderstand that the Hon. Freeman Clark, Con- troller of the Currency,sent in his resignation to tho President Shis morning, to take effect at an early day, we believe on g90d authority, on Monday, the 233 iost. He has not in bis ettor ansigned any reasou for this act, but doubtless will dowo 1at & proper time. VETO OF THE FREEDMEN'S BUREAU BILL. The President this afternoon retarned to the House, ‘with kis objectious, the bill to continue in force for two years tbe Freedmen's Bareau. He is convinced that the legislation ‘which it propeses would not be consistent with the welfare of the country, and that it falls clearly within the reasons as. aigued on Lis veto of & similar measure io February last. THE VETO. The eummary disposition of the veto in the Senate created considerable amusement. The friends of the President bad been complaining of the want of courtesy shown to the Executive in the refusal to take up the Colorado veto; but was before the Senate. opposing the tinished Heory Wilson called up the Freedmen's Bureau bill, and the Democrats, somewhat astonished, tried to get a delay. Johnson demanded the rending of the veto, and then moved & postponement; but it was lost 10 ensure Lis veto; but they were not on band, 80 far as to promise the next Presidency o Johuson for vetc- 33 10 12. House it bad become a law, aflair Rousseau's expulsion. and vlaining the objects of the Philade written answers, by Secretary Harlan, in his letter to fhe Randall Club serd Mr. Doolittle: and others for & National Union Conveation in Philadelphia ou the 14th of August. arry them out. 1 long since expressed the opinion that the States were eutitled to their epresentation in Congress; that their exclasion was a violation of good faith o pro otic and reflecting men of th the general welfa probable that a Uill makivg & per centage of from 1 Congress before the e : Trade Republicans are begi Keutoky, 1ecently nominated as Judge of the Supreme Court, | ing the Turiff bill before Cc journment. tioned, but is conceded that the East should have it, as the The question will probably be settled by secret caucus. which the President wishes to make new appointments, in | i o desperate one, avd they bazard can gressiopal district Republican iuterest, ond secure in the ne st Congress sufficient, with the Soutbern delegation, which Johnson bas pledged himself shall be admitted at all events, to contrl the [Govern- ment in al House i shall agree. States Senators will probably be called up in the House to-mor row, and the previous question moved. Marshal of the Soutbern District of Ohio, for political rensons and appointed (in his stead, on the recommendation of Lewis D. yarions United States depositories on the Ist of May last, as officially furnished to the Committee on Panking aud Cur- rency: Inthe United States Treasury and Sub-Treasuries, in National Bauks, &4 0; total, Of the wbove there was to the oredit of the United States Treasury, $102,077,999; do. disbursing officers, 848,515,170; total, $240,593,169; distrib- uted as follow: Treasurer, 3 30,254,931 ; total, €193,827,578; in National banks te the credit of the Treasurer, 828,%05.352; in credit of disbursing officers, §18,260,2 March 4, 1865, upon banks on the notos of State bauking asso- ciations paid out by them after July ), 1666, is pot actually repealed until the act of July, 13th inst., takes effect on the 16t of August next, yet, as it was clearly the intention of Con- gress to postpone the tax until that time, and the act of 1665 does not provide specially for the mapner of its payment, it will not be collected for the current mouth. | McPhereon) bad the records all mede, and it Sevator Fessenden bad the floor Railroad bl Wken ke the Clerk (Mr N rthern Pacific to 31 1t was rumored that the President felt sure of sixteen votes Saulebury wasted fome time in assaults upon tho bil, going g the bill; but it was 1o use; aud &t 5 p. . 3t Was passed— In Jess thau thiee bours after ite reception by the The House did not reach a vote in the Roussean-Grinnell Mr. Wilson of Obio made & strong speech in favor of Tomorrow Dawes, Garfield, Stevens The probability is taymond will speak on the eubject. Lat both will be censured. THE JOHNSON CONVENTION. Senator Doolittle is engaged in v his frank in ending letters to doubtful or conservative ublicans, ex- Convention, and ask n indorsement. Stanton received ove of Doolittle's episties, but wade areply. Soward, Welles, ana Speed have but Stanton remains silent. Mr. Doclittle aving still in his memory @ recollection of views expres ed ding party of several wecks ngo, bas not yet writton a letter GEN. DIX INDORSES THE CONVENTION. Below is the reply of Gen. Dix to a letter sent by NEw-Yonk, July 13, 1668 My Drax Sin- T have received the call sigoed by yourself Lconcur in its propositions, ite rea oninge, and its objects, and will do all in my power to d of the obligations of the Con- such a policy must iead to titation, and that, a persistenc onsequences most disastrous to tho peace and prosperity of be country. These and other considerations connected with be present unsatisfactory relations of the States to the Fed- yal Goverument, and to each other, render most timely and | or such o meeting as you have recommended of the patri- Union, to consalt together for Jonx A, Dix. 1am truly yours, . R. Doolittle THE TARIFF B 1t is rnmored in Congressionn] cireles that some of hose Congressmen who helped defeat the Tariff bill think it 20 per it tariff dutics will be passed by of the session. Somo of the Free iing to see their error in defeat- grest. 11 the bill could be brought up again this sestion it would in be passed. THE PACIFIC RAILROAD The Pacific Railroad bill was discussed with con- lo earnestness in the Se to-day. Mr., Fessenden osed it in a telling epoech, showing that the financial con. ition of the country was not euch as 1o warraut the coutew- | To the Hon, Jas eut increaso on the p o all probal There is considerable speculation as to who will be hosen Vice-President pro tem, of the Senate before the ad Senators Pomeroy, Wade and Sheruman are mes. ident and Speaker of the House are both from the West. 'res OFFPICES TO BE FILLED. | There are 50,000 offices throughout the country, to | to the vacancies in the 14 regiments of the Regular vears ont of offize | el ot Set Uprestricted by Congress, nmw-‘ swong the closely-contested Con | g0 as to throw the powerful weight patronage apd momey egaiust the ddition P hances of SUCCESE. be distributed f Government its departments. It is an evident fact that the six to one in favor of remaining, provided the Senate SENATORIAL ELECTIONS. The bill for the regulation of the election of United REMOVAL. The President bas removed A, C. Sands, U. 8. ampbell, Col. Hickenloper of Cincinuati, FINANCIAL. The following is the amount of public funds in the Inthe Treasury. &c., to the credit of the 72,640; do. to credit of disbursing officers, tional banks to the total, 846,71 THE TAX ON STATE BANES. The Commissioner of Internal Revenue has decided that although the tax of 10 per cent fmposed by the act of THE FREEDMEN'S BUREAU. Brevet Major-Gen. J. W. Sprague, Assistant Com- missioner of the Freedmen's Buresu for Missouri, Arkausas and the Indian Territory, estimates the number of tions which will be required for iasue in his district during August as follows: To whites, 60,000; to freedmen, 15,000, TREATMENT OF FREEDMEN. From Helena, Arkansas, the two following affida- vits, in substance, have been received by Gen. Howard, snd indorsed by the Superintentent of that District, Capt. H. there is 1o reason to grumble in this case, as the Freedmau's | Sweeue, Burean bill was finally disposed of iz lesy {han 3 bour after | Complaints of this discription are brought almost dally to e avpovncement. my office by_freedmen, the whole m"b"l\;"infi.m.'n hlx'e.:;:'- In e Semate Mr.~Hiblrika asd Mz Healsbary | a8 S0 iack WA 648 gel Jutios done s delivered speectes in the scoustomed democratio | " yg freedmen in Coahoma and Bolivar County, Miss., are strain. fbe only asswer their arguments received | oyep worse off than when they were slaver. Charles Gregory was the cry of ‘“‘Question, question” from the | ;¢ A g Dowd's plantation, Cosboma County, Miss, swears Unlon members, aud the result was 33to 12. There was no excitement whatever. The veto seemed to bave been fully ex pected, and nobody felt the least futerest in it. With the Shermometer at ¢ iu the Chamber, it was not thought.worth ‘while to get excited over 8o common a thing as & veto. after theexpiration of the morn 1ng bour, the Rousseau Griune!l case was taken up, the ques. tion being the adoption of the majority report expelling Kou seau. Mr. Hale of New-York offered a substitute, simply cestaring both Grinnell and Rousseau. and made & loog eopeech in its favor. With the thermometer away up 18 the mineties in the reporters’ gallery, Mr. Hale's speech wes watber dry matter for ove to listen to. About 2 o'clock, te¢ WVeto Message was received from the President, vetolng the ovew Freedmen's Bureau bill which was recently passed by Congress. As soon as Mr. Hale bad finished, the Clerk, Mr McPberson, read the Veto Message, occupying about 20 mio. stes’ time in doing s0. At the eud of the read- fug, Mr. Eliot of Massachusetts made & motion that the @message be laid over ustil toanmorrow, when be would | wmove tbe previoos question, allowing no debate. To this Mr. Niblack of Indians objeoted, expressing o desire at the House would immediately proceed to the considers: tiou of the Message. Mr. Le Blond agreed with Mr. Niblack. M. Elliot replied that be bad no objection; snd so the main Question was ordered. At this juncture Jack Rogers of Now- Jersey a1ose and asked whether or ot the question was do ®atable. Aucons aud Jobnson of Pennsylvania were fidgetty wnd beut ou miscbief, Lut they were soon quisted, and the vote wes taken—resulting ia 104 Yeas to 53 Nays in favor of pass- Ing the bill over the veto of the President. When the vote Was announced, there was loud olapping of bands by Members ® the floor and persons in the ga leries. The Clerk began reading the Veto Message about 2} o'cl ock 4 & few winutes after 3 o'clock the final vote was announced. Bay mond of New-York voted to sustain the Veto. 219 llsgisn g Kpsakas bl esiited 19 w-.mmil that his sou Pleasants, aged 17, hurt o dog of Juck Cooper, & poor white, and, awed by threats, he (Pleasants) fled from the place with another freedman named Stamford; that the Sheriff of the County captured thew both, opened court on the porch of Mr. Dowd's house, aud, refusing evidence from the accused, §10d Pleasunts 830 and Stamford $16. The fines were paid by Dowd, and they were bouud over to bim uotil that smoust showd be paid. Further, that at this mock trinl Pleasants was severely beaten over the bead with a pistol by Cocper, and the Court refused o interfere, - 3 CRIMB IN BOUTH CAROLINA=—PROTECTION NEEDED. A petition has been received from the commandant of the Districts of Kershaw and Lancaster, South Caroliza, askiog that a Provost Court may be tablished, also asking for a garrison of cavalrymen, ciime and disorder being on the increase since the troops were removed. C is of more servioe than infantry, as the District embraces 3,240 square miles. He cites oases of stealing, assault, murder, and minutely purticularizes the case of the unmereiful flogging of two women by tleir ewployer, Joseph Allen. The petition comes favorably indorsed through the various sub-district sod department commanders, fucluding Gen. Scott of tLe Buress, up to its reaching headquarters. Alexsuder Sheppard, formerly a private in Co. Third United States Colored Artillery, In the employ of Wm. t. Jolies, Friars Point, Miss, swears tbat his employer and foreman, Riley, beat bim repenteely in a cruel manner, because of his baving been a United States soldier; and, farther, that on the 14th of Jane, 1866, while insensible from a beating, St. Johns took away his discharge paper from the service, and tore it up, stating he did so because every d—d Yankee, white and black, should have been killed, and their carcasses piled upon the grave of our martyred President, referred to with the most obscene dnguage, THE PEELING IN ARKANSAS. Geu. Ganty of Arkangas, forwstly of the Rebel | arr Wigor | expediency of providing o system of education for soldiers. army, arrived in town this moruing, direet from Little Rock, and paid his respects to Gen, Howard. He states fuat the people seem to evince a dogged, perverse disposition to reject all the resulte of the war vecessarily imposed upon them, aod which, for mutusl good, should be generally appreciated. He recommends the adoption of the Constitutional Amendment, altbough it would disfranchise bimself asthe best possible way of restoring the people in bis section to their senses, and Lringing about peace and harmony amoug wl clisse states the Freedman's Burean i Lis State, not more for the protection of the blacks tban for the care of the whites. The Geveral will be invited to meet with the signers of the call for a Convention of Southern Loyalists to advise as to the best means of securing o fair representation of that State on the 3d of September. He is disposed to give this couse his personal and pecuuiary attention. DIVIDEND OF THE FREEDMEN'S TRUST COMPANY. The Freedmen's Saving and Trust Company have declared & dividend of five per cent on all deposite. Ite branch establishwents through the South have been in opera- tion ouly 15 months, and they have now on deposit over £370,000, After the present crops are harvested it is estimated £300,000 will be ylaced on deposit by freedmen. BUSINESS AT THE LAND OFFICE. The largest business done at auy one land office was done last month at Boonesville, Mo.; 21,647 acres were taken for actual seitlement; 30,709 acres were sold ot & the acre; 17,903 neres were sold at €1 35 the acre; fotsl, 70,259 acres—briuging in cash returns, $10,644. The busi ness at all the land oftices is very brisk, indicating that settle- ments are rapidly being made. HOT WEATHER. To-day has been the hottest of the season, the ther- mometer standing in the sbade at € a. m., ¥9°; 12, noon, 99°; 3:30 p. m., 104°, and 9 p. m., 96°. VISIING LIC $ IN THE BRITISH PROVINCES. The Hon. Sir Frederick Bruce has officially in- formed the State Department that the Goversment of Prince Edward’s Island bes adopted the system heretofore announced as agreed to by the other Provinces, and that, consequently, & fisbing license, issned by either Canada, Nova Scotia, New- Brunswick, or Prince Edward's Inland, will now entitle the possesor thercof to fish in the waters of uli those Colonies. REVIEW OF MARINES, A grand inspection and review of marines took place this evening at the Marine Barracks, wituessed by See- retary Welies, Assistant Secretary Fexoo, and many dis- tinguished members of Corgress. The Presdent was ex- pected to be prescut, but owlug to the extreme heat of the weatber he did not arrived. Brig.-Gen. Zellin commanded the parade. HARBOR DEPENSES. The joint Army and Nuvy Board of Harbor De- fenge, of which Rear Admirols C. . Davis and J. A, Dabl- gren, Major-Gen. J. G. Barnard and Brig Gen. L. were members, which Las been in seesion for several n ot the Navy Departwent, was dissolved by order of the Secre- tary of the Navy on Saturday last. FOREIGN TOSTAGE. The Post-Office Department gives x the 16t of July, letters posted in the United 8 dressed to the Dutel West Indies, Coracos, Saba, St. Eusta- | and St. Martin, moy be tranemitted to their destivation, France, in the French mail at a postage charge of 35 cent gle rate f onequarter ounce of uLder, prepars optionsl with the sendes, Hereafter the full | postage to their deetination upon letters transu via ngland, between the United States and the Netherlands may | be prepaid or not at the option of the & The single rate per balf once or woder is 27 cents, prepayment optional. | PROVISIONS OF INDIAN TREATIES. | The President has proclaimed the Treaty b the United States and the Choctaw and Chickasaw nations of Ind by which the latter covenant and sgree thet Slavery shall never exist among them, and in consideration of the sum of $300,000 cede to this Government the ter rtory west of the 98th degree, weet longitude, known as tho leased district; and obligate themselves to bestow upon and their descendants, all the rights, privieges and im | mupities, including the right of sullrage of citizens; and siso give them esch 40 acres of land on the samo terme A th Choctaws and Chickasawe. The Uuited States declare » gen eral amuesty of all past offenses committed by these Indiane, and restore them to all the civil righte which they enjoyed be- | fore they took part in th Rebel, Y, XXXIXtr CONGRESS, FIKST SESSION. SENATE WasHINGTON. July 16, in66, BREVET PROMOTIONS—EDUCATION OP SOLDIERS. Mr. WiLsox (Mass.), from the Military Committ reported and axked to be discharged from fuither considera tion of the resolution respecting Brevet promotions to oficers who servel in the field; aleo asking to be discharged from the ber consideration of the resolution to inquire fnto the THE ISTHMUS KOUTE TO CALIFOKNIA. k88 (Cal.), from the Comuwittee ou Post-Offices rporied back the comwmunication of the Super Ybservatory on the subject of the Isthmas vor 0d tendent of the to Calitornia, with 8 recommendation that it be pricted for the use of the Senate. A resolution “'J"“ five thousand extra copies of the docu- ment was roferred to the Committee ou Printing. MARINE HOSPITAL 1N JAPAN ¥ A bi] for the erection of o marine hospital at Yokobama, Japan, was paseed, AX EVENING SESSI0N. On motion of Mr. CLARK (N, IL), it was ordered that the Senate bold an Evening Session to-morrow, for the considera- tion of bills Srow the Committee on Claims. MONTANA A SURVEVING DISTRICT. Mr. STEWART (Mo.) called up the bill to erect the Territory of Montans into s surveyiog district; which was passed. CUSTOMB. Mr. CupssweLL (MA.) ealled up a Joint resolution directing the Secretary of the Treasury to propare fn a certified form and send to ibe next Congress all the Iaws regulating the col- Jection of customs, rates of duty, ete. Mr. Hauws (N, Y.) inquh if the subject above named was not embraced in the bill recently pasmsed to provide for the codification of all the laws of the United Btates. Mr. CRES*WELL said there was & pressing necessity for the codificntion of the Treasvry I by themaselves, The general codffieation could not be completed for several yoars. "After debete, Mr, BPRAGUE (R. 1) moved to refer the reso- lution to |hedhnuoe Comumittee, to report in December. s di a8 disa to. The resolation was then passed. COINAGE AND WHIGHTS. Mr. SUMNER (Mass.), from the Select Committee on Coinage and Weights aud Measures, reported favorably the following bills, all without amendment: "To authorize the use in post-ofiices of weights of the denomi- nation of grawmes. o aathorize the use of the metric system of weights and measures. “To sutborize the President to appoint & spec to fucilitate the sdoption of a uniform between the Unitod States and foreign countries, to enable Seeretary of the Treasury to furnish to each Si one set of staudard weights and measures of the metric aysf THE CIVIL FERVIC Mr. AxtroNy (K. L) futroduced s bill to regulate the Civil service of i:o nu' S?mi :ngwpr;::::m 1::: E;':::‘kvnry wis referred to the Committee ou the Judiciaiy, ey b that of Mr, Jenckes of the ‘House,and cisl commissioner m'dfi'-'fi"”" titive examinations. competil il g Iol?:fl- TO €Ol D SBOLDIERS. Mr, Wit20y, from the Committee on Military Affairs, ro- ported a joint resolution amendatory of & joiut resoltion, en. titled a resolution respecting bounties to colored soldiers, and the pension bounties and allowances to thelr beirs, approved ™ T L o ent is made relative to its adwinistration in e mapner of collecting those claims. THE MISSISSIPPL BRIDOES. bill authorizing the coustruction of a bridge le?:- fi:“l.lululp i, at Quincy, Ilioois, with the House amendmests -u;mmfu the construction of bridges at Prairio du Chien, Keokuk, Winora, and Dubuque, was announced "‘hmr.m’:'fl‘:;‘;u (111.) moved that the Senate concur in the House amendmen Mr. HENDYREON ( Committee on Post Offices ferred. THE NORTHERN PACIPIC RATLEOAD. At1:20 p.m, the bill for the epeedy completion of the Northern f;lelfic Kailroad was taken up s the Led businegg ¢f Sacurasy. Mr. Tlowaup (chh.) took the floor fn ng:[vlw Mr, Sher. man's argument of Saturday last iust the bill. Mr. Sher: man's prineipal objection was that t e Northern Pacific W to be a rival line to the Union Pacific road. He (l!n'.;.'g did not s0 regard it. There was a space of not less t A D oeea the two Lmes. The ovly rivelry that could pos- sibly exist between thom was o rivalry for the East India trade. The decree had gove forth, and could net Le reversed, 1 Northers, Pacific railroad should be constructed. The second objectiou of Mr. Sherman was thst it gave , 000, 000 of dollar to the company witbout security. He (Howaza) could not see upon what this statement was based. 'Mr. SHFKMAN (Obi0) said be got the date trom the ‘on] {pgelf by nctosl computation. Khe exact awount wes g12] 571,070, ‘Mr. HowAKp guid that the estimate Wag Tpon the assump- tion that the Governmant Wil *h LAY intereat upon the stock for twenty years and receive voching in veturn. That wha ot o fair supposition. Tho comynuy would be cowpellet to pay 10 the Government whatever they received on land ly- ingon the south sideof thleroed L ihe polsts . SHERMAN spoke against ‘te bill, elaborating the poln made by bim on sffma:f. s Mr McDoUGAL (Cal) 9 b fu favor of the bill. Mr. MORGAX, (N. Y.) ‘goped the bill would be recommitted o the Committes on ° f Pacifio Railroad. The debate we, firtner continued by Messrs. Willlams (03-50-) rar’ “ON. 1.), Rewsay (Mins.), Saalsbury (De o n (Me.). THE PREEDMEN Mo.) moved to refer the amendments to the aud Post Roads, and it was so re Railroad bill and proceed to the consideration of the bill re urned by the Presid Mr. Jonxson (Ind.) asked if [t was desired to have action on the veto to-day ¢ Mr, WiLsox sald it was, Mr. Jonyso5—1 bave not seen the message yet. Mr. SUMNER—It can be read. " Mr. JoHx#0X said he shoul] object to the consideration of the bill to-day. The motion to postpone the Pacitic Kailroad il prevailed, and the Veto Mossage was read. THE MESSAGE. A careful exn ion of the bill passed by the two Houses of Coogress, entitied “an act to continue in force, and to amend a0 act to establish & bureau for the relief of freedmen and refugees, and for other purposes,” has convinced mo that the legislation which it proposes would not be consistent with the welfare of the country, and that it falls clearly within the jgned in my message of the 19th of February reasons last, returning withont my signature & similar weasure which originated in the Semate. It i% mot my purpose to repeat the objections which I then urged They are yes fresh in your recollection, and can be readily examined a8 & part of the records of one branch of the No- tional Logislature, Adbering to the principles set forth in that message, 1 now reaffirm them, and toe line of policy therein indicated. The only ground upon which this kind of legislation can bo justified is that of ~the war-making power. The act of which this Dill is intended os amendatory, was passed during the existence of the wal By its ows provisions it is to teriminate within ono year fro the cessation of bostilities umlé] o declaration of peace. 1t ja, therefore, yet in existence, and it is hikely it will’ continue in forco as lopg as the freedmen muy reqaire the benefits of its provisions. It will certaivly remain in operation as & law until some months subsequent to the meeting of the next ees- Wion of Cougrens when, If experience shall make evident the necessity of additional iegislation, the two Houses will have ample time to matare and paes the requisite measures. In the mean time the questious arise why should this war measure be continued beyoud the period designated in the originel act, and why, in time of peace, should militery tribunals be cre- ated, to continue until each State shall be fully restored in ite constitutional relations to the Government and shall be duly represented in the Congress of tho United States. It was manifest with respect to the ac oved March 3, 18 prudence and wisdom alike required that jurisdietion cases eoncerning the free en{uymrnt of the immunitie Hights of citizenship, as well as the protection of person and property, sbould be conferred upon some trituual in_every State or district where the ordinary course of jadicfal pro- cecdings was interrupted by the Rebellion, and until the same should be fully restored, = At that time, therefore, an urgent neccasity existed for the passage of sach o law. Now the war has substaotially ceased. The ordinary eourse of judicial proceedings is no longer inter- rupted.” The conrts, both State and Federal, are in fal), com- plete and successful operation, and through them every per- won, regardless of race and cclor, is entitled to and can be vd. "The protection craated to the white citizen is slready conferred by law upon the freedman, Strong and stringent guards, by way of penaltics and punishments are thrown oy rty, and it is believed that ample arouw person and pro protection will be afforded bim by duo process of 1w withont resort to the dangerous expedic Miitary tribunale,” Now thut the war has been brought lose the nec ity wo lon- ger existing for such tribunals which bad their origin in the d their continuance must went war, objectic themselves to the minds of all reflecting and dispassionate. Todependent of daoger 1o ropresentative - re- publics of conferring upou the wilitary in times of Peace extraordinary powers, so carefelly ~guarded patriots and statesmen of the earlier days of frequently the ruin_of goverments formed upon the same free principles, and subversive of the rights and of the citizen, the question of practical econon.y earn- estly commends itself to the consideration of the law-making With the immense debt already burdening the in- aud laboriog claswes, due regard for imected with the weifare of rigid economy and retrench. from ull legislation that would o the pubhec indebtedvess, Tested by itfeal wisdom, I can see no reason for the wlitery jurisdiction” conferred upon ngninst by th the Kepublie, estalLsbwent of the officials of the barean by the fourteenth section of the bil, Py the laws of the United States and of the diffe L competent Courts, Fe aud Stats, hav eatablished, and are mow fall practical tion, By weaus of these cb 1s, ample redre forded for ell private wron o the person roperty of the citizen, withont denisl o unbecessary delay. ll- eopento ;| ot regard to color or race. 1 feel weil wesured that it w junities of the eit Vetter to trast the rights, privileges and ens 1o tribyuals N Y ‘tl o ubllu«l ugql esided over by cowpetent aud lmpartiol judges, und by fixed rulesof Iaw and evidence, and while the Tigt of trial bs jury is guaranteed and secured, than to the caprice or £ cer of the Buresu, who, it is possible, ma f t underlie the just ad 100, that couflict of ¢ Civil Coorts and oncurrent Jurisdiction the nne jurisdiction v, the other by mili- , and who 15 to deter- u it arises? In myopin- wiiot by leaving to the civil ““?,‘.' ind the re- tary. How is the confly mige between the (WO tri Courte mud abipe e ARBVIEEE S 2L Gl be danied b Bee the i oesmat o0 of Lossdities many acts of violezee, such perbap: s wever been witsessed in their previous u’:mv‘ hr"k"“";"‘ in the States involved in the recent re- llios. 1 believe, bowever, that publie sen we iu the assertion that sack " L el to any particular State or i evr entire country, demonstrating ¢ that produced them does not depend nvzn ln; ‘phnluu; Joeality, but s the result of the tation and deropge. ment ineident to a long and bloody w preva- lence of wuch disorders must he greatly deplored, their occa- sional and temwporary recurrence woull seem to farnish no necessity for the extension of the Burean beyond the period fixed ‘u the original uet. Beside the objections I have thus brietly stated I may urge upon your cousideration the sd ditional reason that recent developments in regard to the prao. tical opetstions of the Bureau in many of the States show that in numeres instances it is used by its agents as & means of promoting their individual advantage, and that the freedmea are empleyed for the sdvancement of the personal ends of the ofticers imstead of their own improvement and we'fare; thus coufirmisg the fears originally entertained by many that the continuion of such n Burean fur any unnecessary length of time, waild inevitably resuit in fraud, corruption and oppres- Ttls proper to state that in cases of this chbaracter, in- tbns have been promptly ordered and the offonder w ki er bis gul't bas been satisfactorily estab- (% sther reason against the necessity of the legislation Ly this measuee, reference ba b 6. the 1 Rights bill. now s law of the land, and which will be fuithfuly executed #o long hall remain uorepealed and not be ed uncoustitutional by courts of competent juris- diction. By that act it is enacted that all persons born in the Usited States, and not subject to any foreign power, excluding Todians dot taxed, are hereby declared to be citizens of the Usited Siates, and such citizens of every race and color, without regard to any previous mndllflm of elavery or furoluntary ervitude, ‘except a8 @ panisbment for crime the party shall have been duly con- vioted, shall bave the same right in every State and Terri. tery iu the United States to make and enforce contracts, to sce, bo and give evidence, 10 inberit, purchase, lease, #ell, hold and convey real aud personal property, and to full S1d oqual Denetit o all Iaws and proceedings for Lhe seeart of persoa and property as is eurh{ld by white citizens, u‘i sball be subject to liké punishments paius and penalties, and 1o none any law, statute, ordinance, regulation or cus- tom, to the wotrary votwithstanding.” By the provision of the act full potection is afforded through the District Courts of the Unitec States to ull persous injured, and whoso privileges e thos declred are fu any way impaired and very heavy penal- ties are denainced against the person who willfully violates the iaw. I neecoot that that law did not recei: proval, s remedies more preferable \";.my'h:-p-. m e 1 Le present bill, the one being civil and the other By the slxtisoction of the bill herewith returned, certaln pro: mll:‘l by which the lauds in the parishes of St. "flenl':lll St. Luke, Soits Carolina, were sold and bid in, and afterward di of ly the Tax Commistioners, are confined ratl. LB l.i('flh,::h',hlllz.' wmln;;dw{: sections provisions are yylaw for the disposal of t! nd thus acqul ton rrlltlhl chss of citizens. While the quietin .c:l titles 1y "-fn veryimportant and desirable, the discrimination in Ih:m e ot«el " \ble, as n:‘m Inuo the attempt to coufir upon the Commissioners Ju citizae "o (ho United Btates -c‘lopo;mu:{lv:dhkohl thel) property in & mode contrary to that provision of the Constitition which decleres that no person shall be deptved of lite, liberty or property without d procss of law. A al prlntlpL such legislation is u ,anwise, partial and_uncoustitutional. It may deprive Jereae of their property who are eqgaly deserving objects of ho mtion’s bounty as those whom, by this Iqhfiun-. Con- fm-oh 10 benefit, The title to the land thus to be por- iond out to & favored class of citizens must depend upon the regiarity of the tax sales vader the it ex at the timef the sale, and no subsequent legislation can give va- 1idit to the rights thus acquired as against the original cl wnt, The attention of Congress I, therefore, invited to a more .:lu:( o&ulhluunn of the measures proposed in these soc- t T1 eonclasion, T again urge upon Congress the danger of claslegislation, so well calenlated to keep tho public mind in » ste of uncertain expectation, disquiet and restlessness, and 1o jourage interested Lopes and fears that the National Goveument will continue te furnish to classes of citizens in theeveral States meaus for support and malntenauce, regard- lesss to whetter they pursue a life of indolence or of labor, ancregardless also of the constitutional limit T R T erowith returned to the House of ated, for final action. e ANDEEW Jou Wakington, D. C., July 16, 1866, _ % M Ciatk stated the question to be: Shall the bill pass, the ol of tke President potwithstanding ¢ v JonNsoN moved to postpone further consideration of the il | to-morrew, whick was disagroed to— (0 3 , Davis, Doolittle, l':uln‘ Guthrie, Hen- Wfinwr’.‘ltnwnu‘ Neaailth, Nortod, Riddls, Saubsoury aud {f=Messts. drihony, Brown, Chandler Edmands, Vemendos, Grisen, Harmio i Fil Kirkwood, T, Morgan. Morritl, Nye, Peiund, Por . Eherman, Spregue, Sewart, Suia e ¢, Trambull, Wi 1y, Williams, Witeon eod ¥ stee—1. Vet nt—Mersre, Clark, Cowsy, Dixon and Wright. the Benate refuscd fo postpone tho bill and mess, . HexDRICKS (Ind.) took the floor 18 oppositiou to the sll bill. He sliaded to the reports of Geueral Stoedman oy ‘onduct of the Bureau in the South and defended tho cha arof the General (Steedman) from what hy tis of partisan enemies, He then urol q,mnulu aad full of fraud, deceptio outrage. 7. BAULSBURY sald a grateful peoplo would reward Andrew Jason with its highest honors for Opposition to the un- Qtitutional legislation of thg present Congress, i rd the bill at some lsngth, characterizing it as unwarrant- nd unconstitutional, He did ot believe n publie or pri- 1 repudiation, but if Congress persisted in this kind of legis ; ifburdeus were to be imposed for the objects proposed 118 bill, & party would seek for office 0a 8 platform of repu- Even now, be believed there were iu the North men Couness, Cragin, Ores- Henderson, Howard, BUREAU BILL. k of H P€ 1o the discussion, Ll action of the House in the would like to see that portion of the debt, which accrved i T DGR 8k Mittion: Shall e W passed, the President’s objoctions notwitbstandisg? 1t re suited as follows: FOR THE BILL. Anthopy, Fessenden, Lone, Bpragoe, Prown, Foster, Morgan, Stewart, “handler, Grines, Morril), X, Haws, Nye, Henderson, Plland, Howard, Pomeroy, Howe, Ramsey. Kirkwood. _ Shormav, and Vates—33. AGAINET THE BILL. Buckalowe, Guthrie, McDougall, Riddle, Da HENDRICKS, Neamith, Saulstury, DoOLITLE, Johnson, WATBON, wnd VAN WINKLE: ABSENT. Cowax, Dixos and Prigh, The CHAIK ia 061000 .0 the vote, said that the bill having received o two-thirds vote in both Houscs, he ¢ir. Foster) prochimed ita ki notwithstanding the objections of the President. ADJOURNMENT. The Senate at 5:20 adjourned, the pending burincss being tne Pacific Railroad bill, pnt aside to consider the veto. HOUSE OF REPRESENTATIVES, BILLS AND JOINT RESOLUTIONS. Under the cali of States for bilis and Joiut reeclations, the following were introduced, read twice, and referred to the Committee on Public Luuds. By Mr. TeRRY (Micb.)—A billamendatory of the predu ption and homestead laws. By Mr. DOSNELLY (Minn.)—Makiog o gravt of lands to the State of Minuesota to aid in the construetion of a braneh rail 700d from the waters of Lake Superior to the British pos- sessions. By Mr. HENDERSON (Oregon)—A bill oeding the public lands to the several States in which they be. TRANSPORTATION TO THB PACIFIC COAST. The following Joint resotution introduced by Mr. KAYMOND (N. Y.) on April%, and which then went over under the rule came lnn for consideration, and was read three times and ssod: P essited, te., That a Commbssion of five persons be appainted by the President of the United States to conmider aud report to Congress at it next sesion ecceaity of some mote speely, cheup trustworthy e the Atiantic seab d een the Western States and rv it shall be found to exist. Tull receive no compensation for their services und no for sueb traveling cxpenses as they may fog the duties b jposed upon them by this Teaotudlon. SESSIONS OF THE I OUSE. The resolution offered by Mr. Price last Mouday, and which went over under the rale, providiog that the sessions of the House will commence at il o'clock o m., caise uj and was rejected. RIGHT OF WAY FOR RAILROADS. The House next took up the joint resolution reported lnst Monday from the Committee on Public Lands by Mr. Ander- son, graoting the rickt of way 100 feet on edch side of the track throv -l the military Teservations to railroad companies, and autlorizing the President to restore from time to time to the public dcmal portion of sach reservations over or neas whick the Ur oo Pacific Railroad or soy of its brauches may pass, and which may vot be required for military pur- Joint resolution®was opposed by Mr. WASREURNE (11.), Mr. ALLisoN (Lowa). und Mr. 8¢ 'K (Ohio),"and on wotion © latter it was referred to the Comuwittee on Military PRE-EMPTION OF MINERAL LANDS. Mr, HiGBY (Uol) iotroduced & bill to legalize the occupa: tion of public mineral lands and extend the right of pre- emption thereto; which was read twico and referred to Comwittee or Mines and Miniog. A QUESTION OF SALARY. Mr, Wrisox (Town) offered a resolution for the payment to the Hon. Jobn L, Thomas, member from Maryland, of $1,225 | the amount of salary accraing between the dthof Marob, 1855, and the Tst of Augist, 1663, tue date of bis election. Mr. PueLys (Mc.) desired to offer an amendment to_pay to Mr. E. H, Webster, the predecessor of Mr. Thomas, his salary as & member frow the 4th of March, 1505, up to the date of his resignat on. Wiisox (lowa) m-',niid to yield for that purpose, lopted. The resolut Mr. HusBaip (lowa) offered s resolution, adopfed, to pay such salary to Mr. Webater. lzr. KuvYKexpaus, (IL) offered o resolution, which was pay Ho 1 8, Hale, from the Sixteenth Cou- rict of New-York, his salory as a member from thie date of bis elec- which was adopted [ gressional D! the 4tb of March, 1865, to, August 24, 156, ion. ;. TOB PARIS EXPORITION. Mr. Kags0 (Towa) offered o resolution, which was adopted. directing the Secretary of Stute to communicate auy iuforma- tion ho has received from the United States Commissioner: Geners] to the Paris Exposition in reference to_ioteruational oy ements for the reform of coinage, weights, and measures. INCREASE OF SALAKIES. Mr, WAsHBURNE (1iL) offered a resolution, which was adopted, inereasing the pay of the clerks to Committees of the House, from $i to €5 per day, for the time umu{’ employad, Mr. COOK (IIL.), at the request of Mr. Washburoe (IiL), offered o resolntion, which was adopted. providing that the salaries of all officers and emplosés of the House, increased at the present session, sball not extend beyond the first day of the Lext'Uongress. PRINTING. Mr. BARKER (T1L.), at the request of Mr. ALLey, Chalrman of the Post Office Committee, offered a resolution, which was adopted, direcuing the Committee on Printing to_inquire iuto the expediency of repealing 80 much of the act of June 25, 1664 88 directs the anuual reports of the Postmaster-General of offers received and contracts made for conveying the mails not to be printed, or of up«lmw much of the act of July 23, 1636, as requires such reports to b anvually made to Congress. PENSIONS EXEMITED FROM TAX. Mr, INGERSOLL SIIL? jutroduced a bill exemptin from the Internal Revenue tax which was read i and passed. THE POLITICAL EFFECT OF JOE JONNSTON'S SURBRENDER. Mr. FAuxsa Okt (1) offered » resolution, which was adopted, directing the Secretary of War to furnish the House with copies of opivions given by members of the so-called Con- federate States to Jeffersou Davis ot or about the time of the negotiations preceding the surrender of Johnston to Gen, Suerman concerning the effect of such surreuder on the po- litical rights of the people then in rebellion against the United States, and any other papers on the subject. OBLIGATIONS OF THE GOVEKNMENT FOE THE SLAVES OF LOYAL MEN. Mr. Hagoixa (Ky.) offered the following resolution, and moved the ious questio! Resoleed, That the debts and pensions ee times be held sacred. and enpecially » Shding spalt ad foe thet purg g apart o fund for that pur ebistwbaher they bo it parsial compensetion to the leya) mseddoe pen laves taken and eriployed in the milic ice by the Government i oihat Iproperty, should be discourienanced aud condemsed by ail loyal meu very department of ernment, ‘The House refused to second the previous question, and Mr. ‘F.Al:nwoun rose to debate the resolution, which would cause go over. Mr. NIBLACK. in order to a vote upon the i moved to lay it on the tabl ey b B ym'::?:":'fm . NTvM :{'-m and nays were taken, and resulied—Yeas, avs, S0 the resolution was lald on the table, EXECUTIVE COMMUNICATIONS. h’l‘h SPEAKER presented Executive communications as fol- From the Secrotary of War, with re in the of rance Atwater, 'hlrcyh was Im‘dmhe &Inmmmlm on the subject. From the same, with a report of all brevet ranks conferred on officers of the Regular Army since April 12,1861, which was referred to the Commisteewn Military Affairs, From the Secrotary of terior. with a report of the Commissioner-Goneral of Vs d Office in reference to pub- lic lands within certain limits of California, which was re- forred. on motion of Mr. Higsy, to the Committee oo Mines and Mining. THE MERCHANTS' NATIONAL BANK. Mr. HOOPER (Mass.), from the Committee on Baoking and Currency, made a report in the case of the Merchants' Nation- ol Bauk, and asked that the report and documents therein re- e KAKDALL (P, & mémbarof the r. ALL (Pa.), 8 mom the C 3 hz'h;’w“n.; 'I'.':" :I:? of ommittee, desired to 0orek thonght that unnecessary. The testi m;?d ov:‘x sixty pages, and the ub.tuc:y of it n‘ab::n report. Mr. RAXDALL (Pa.) then called for the reading of the report, and as it is protty langthy, Mr. Hooper withdrew it for the present. n’he Btn o ey, 1660 5o House ad Ju the 8th of May, 1866, ouse adopted the resolution. y 4 ey Resoleed, That the Committee on Banking and Curre {o exumiye nto the afirsof e Natioual Banks By st gastin larly all the facts and circumstances connected with the receat failure of the Merchants’ National Bank of Washington, and revort to the House the amoust of Governient movey deponited o the wid back, and by whom, sud the eatse of its failure ; and 8140 what further legisla- tion s necesaary iu raqard to the National Bauks to protect the publio aud the Government. And the said Committee be empowered to wend for persons aud papers, and examive witnesses uncer oath. The Committee first took up the matter of the Merchant's National Bank of Washington, which failed on May :’ 1866, and they now furnish fuli particulars as to the causoof said failure. From inquiries, it appears that the bank was 0 ized in September, 1864, and that the capital was $200, William e, & Lrother of L, P. Bayne of the firm of Bayne & Co., of Baltimore, was its fist President, and Leonard Hugek, Casbler. Subsequently, it was made a depository for the pul money, and $19,000 deposited with the United States Treasurer os security. At the time of its fallure, the K’fiol; wmount of public mouey on deposit ot the Bauk wah as OWE: To th States. aaer Trausferied by Gen. Robinson, May 3. it of the credit of the Treasurer of the Unitel $7.308 06 51,208 95 56,566 90 To the credit of disbarsing officers: Col. E. E. Paulding, psymaster, (iucluding $200,000 do- onited April 21). cioee 508,851 76 ut,-Col. J. L. Hodge, paymaster, (consisting of Col. Paulding's checks on Merciiants' Bank). . L. 85,000 00 Lieat.-Col. J. B. M. Potter, paymaster, (consisting of Col Puuldioge ch n Merchiants’ Bank). ... Maj. T. H. Osrduer, co of ‘e checks on berebants' Bank Lieut -Cols Wiilsm B. Rochester, of Col, Paulding's chiocks on Mere or, payiaster, (consisti onMerchuits B \ e acks ou. Serchauis BUTK). 200768 or ). 8, Stawart, paymaster (consi g eptoson; omteeos somrisri 20 01 . DK Uity Commiosionas ofTodian Aelre 20,600 2 Bl el Soperitondent o ladiss Met: o 5,513 9 i Tressury Depart- ‘homas J. Hol shursl '“!, of ury Depart- Nl 25 % Wit 87 Winnobago trust fand idnd 3,346 10 0.7 Total vovireniiinn ‘When the failure eame, the house of Bayne more was indebted tothe bank for an amount vi equal to the public money deposited. is bouse was cipal debtor, and had aimost all the ayailable funds bank, without giviog, or being_required to give, any security o o hets bt On ‘e 18t of January last, o false £ nearl, o prin the what t J statemont regardiug tho condition of the bank na rendered .l 0 (RS Co. were etill in possession of the bank, while in fact they were beyoud ite coutrol. This was done to conceal the indebtednes of Bayoe & Co. from the Comptroller of the Currency, who, & the tige wentioned, owed to the bank §.:4,566 56, which wa,. reduced, 1n the Fetura, to 8,0, the dilference belng re sented as bonds in the baok. President Huyek: it §s suspeete wade theso folse statements, in the books of the bauk, at night with the assistance of te bookkecper. 1t appears by the testimony that & wost pernicious system was ndopted by the President of the bank, Mr. Hoyok, in eon- nection with Mr, Oscar King, ove of the directors, Mr. H. G. Fant, by which they undertook to procure deposits of yublic money by dishursing otlicers, for which Mr. Fant Mr. King received compensation in the nature of interess opon the deposits of those officers, whom they elaimed to bave in- fluenced to open necounts with the bank. King was tho special friend and bondsman for Paymaster Paulding, Mr. L. P. Bayne, of the house of Bayae & Co., being the other surety on his bond—both of them directors of the bank. It does not appear by any testimony that the officers nnhn[.lh deposite lad knowledge of this payment of intercst on their acconnts, or that tbey derived oy benefit from 1t On the contrary, the parties concerned expressly declaro that they concealed all knowledge of that fict from the officers whote acts they thus made the source of profit to themselyss, Other paymasters, beside Col. Paniding, deposited publio moneys in this bank, but Col. Pauiding made the deposits with the view of giving assistance to the First National Bank of Washington, which was known to be in trouble, while the other deposits were not made with the same knowledge or purpose. OB the 20th of April the bank was in great dificalty, on account of the impendiug failure of Bayne & Co., and it was ted by & Mr, Oscar Kyog. that Uol. Paulding should ansfer of £150,000 trom the First National Bank. tington, the eashier of this bank, was desired to re- d such transfer, but he declued having anythig to do with it, Col, Pavld- ing. bad dred thoasand in Bank, At the requ of Col. Panidiag, Mr. Hums made inguiries respecting the condition of the Merchunts’ National Bank, and found their assets consisted chiefly of & debt of Bayne & Co.; and to satisty him in regard to the responsibiliiy of that firw, Mr. Lawreuce Bayne was tele- grapued by the President, Mr. Hugck, and came from Balti- more that evening to make a representation of the eondition of Lis nffairs. ‘The statement of Mr. Bayne was verbal, bus 0 sutisfactory taat at the close of the lnterview Mr. Huntivg- said he was inclined to recowmend the transfer, if the statement of Bayne & Co.'s condition could be relied opon s true. Ou reflection. however, this was not satisfictory; so he con sulted the president of bis bavk, Mr. Henry 1. Cooke, who expressly charged bim uot to ma ke any 1 ecommendation or to take auy respousibility in the matter. “He then satd to Colonel Paulding if his chec] ted they would be paid; but be must act is own responsibility, On tbet nycoknl Paolding’s checks for $200,000 were presented at the Fires National Bank by Mr. Sherman, cashier of the Merchants' Natiousl Bapk ; and in accordance with Mr. Sherman's re- of Bayne & Co., with % to the credit dollary were pr. quest, 830,000 was }‘lnccd to the credi deott’ Capron, & Co., New York; 85, Buyoe & Co, with Hoyt, Authouy, Dougiass, & Co, of Ne York; 30,000 in a cheéck on New-York, which was delivered afterwards by Mr. Sherman {o Oscar King, for Bayue & Co, 3 the remaining $30,000 was paid in currency, of which 830,000 was used, according to the testimony of the cashier, to make good certain checks given the day previous by the Merchants” National Bauk to Bayne & Co ; thns makiog o total of $160,008 of the amount of Cs Paulding's ehiecks paid direetly or in- directiy for the benefit of Bagne & Co. The Board of .irectors of tha Merchants' Nationel Bank were requized by the by-iaws to meat every Tuosda Mr. Shorman, the casbier, says there was no miceting of the Board from the time he went there until the 9th of January last, Mr. Toteler says that since J anus appointed Vice President of the bauk, t 1 ot been weetings of the Board of Directors, and whenever a quorum bappened 10 be present, Mr. Huyek told them there was notbing for them to do. A Finaice Commitiee, composed of the [ dent My, Huyck; the Vice-Presidest. Mr. Bob and the cashier, Mr. Sherman, were authorized to transact all the duties of the Board of Dircetors, Mr. Boteler, finding that be was not consulted when money was loaned, or other important matters transacted, bad a resolution pas‘ed by the Board of Directors forbidding money to be loaned except by unasimons coosent of the Finance Committee. Notwithstandiog this, Mr. Huyck continued to act as thongh the baok waa ki wnd neitber informed Mr. Saermaa uor Mr. Boteler of his tran actious. ‘When the bank was organized, the name of Mr. J. B, Stew- art appeared as one of the origl: bers to the M chants’ National Bank, for 60,000, scribed t, 10 Ay shape or way. lHe was represented ssent, at the organization of the baok, by Mr. Oscar A. Stephens, who also represented Lim before the Notary Public when the organization certificsie w As soon us the bank commenced busin opened an acconut ut the bauk, and m draw for money as he 1ay sequire it, depositing the Washington, Alexandria and Georgetown Rail K:" collateral security for nn{ mosey Le might owe the ok: also that he made & special depost, for sufe Keeping in the bank, of $169,000 in bonds of the Unioa Pacifie Ratlroad Compuy, wbich be beld in trust. In March last be dis- covered that those bonds had been sent by Mr. Huyck, the President of the bank, to Messrs. Bayne & C d by them used nn colateral security for loavs obtained i ks in l!;l m‘ur‘!, 3 lhog.l bis knowledge or autbori not kuow of theis abstra o0t o the Merchanis’ Bank for the bonds in March, . Huyck refased to dee Tiver e, or o give bia a0y information iy rogard to them, afln,hm m' -:u 'T“rhd hat after the faflure of the bank, and the sppointment of a receiver, he was noti debt to the bank; when b LI snird fofil.h‘ nlme hlunnr:d eposited as collateral security, he found that they bad hike BT Abatracted, and bad beeh disposod of 1 ¢ sase manaes 08 the bonds. No iostitution conld be safe in the hands of wen so reckless and unscrupulo: ud the falure of this bauk, involving so considerable a 1oss of public movey, must be attr wholly ‘c: fi:fi guhonm and erimioal conduct of the men who con- ol p “The ouly other loss of public moner deposited in a national bank that” has come £o the knowledge of the Committee s I the case of the Venango Nationsl Bank of Franklin, Pennayl- 'vania, which failed oo or about the 28th of March. It was s depository bank, with €50.000 in bonds and _treasary notes as | securily for the deposits, ‘The amoant of public oney in thas bank is §223,855 72 to the credit of the Treasarer, and §3.- 564 3 to the credit of Mr. McGough, the collector, There 19 50 drefc of that bauk on Culver, Penn & Co. for $65,000, which was sent on the 2th of January Inst, to transfer that awount of public mosey from the Venango National Bank to the Sub-Treasury ju New-York. The drait has never boen paid; the bank claims that it is relieved trom any responbility, as the draft was received ot tre Sub-Treasury in paymens of Ln::&n:on:el -;l ;u not wou’mdhi‘-:rdmm.”ym Theve 0 sufficient security for t! raft RS St v s @ capital of the Venango Natiooa' Bank was It seews Lo have been managed for the bonefit of c-lw:mhu.u & Co. of New-¥ork, who had nearly all of the funds of the bank, their debt to the bank being ovor 8:00,000. Under sueh ciroumstances the faillure of Culver, Penn & Co. necessarily involved the failure of this bank. The law limiting the max- imum of the aggregate loan of any party to 10 per contum of the capitel of the bauk was wholly disrecarded in this case, s it was in the case of Bane & Co. by the Mercbants’ Nation- al This is in both cases by the specious not loans, but balaoces due the parties. It should be stated that §400.000 of Culver, Pesm & Co.’s debt was for Government bonds which, as appeared lp%:‘ll:"lllbu:a'nhy be::c fl;: Eumlmilubc. the baok claims were de- em for sal ug, bat were used Gut e athoriy of the ban ¥ g e any of the national bauks whioh were vertea from State banks do not make proper exertion to rt:lln' old circulation, and in many instances pay it out and take measures to coutinue it in oircalation, thereby receiving the benefit of the old oirculation and of the national notes received from the of the Controller. 1t was stated to tte Committee that there were instances of banke having reported to the Controller that the State cireulation < had been withdrawn yer e majori h.;?E‘.’.T.A’.‘("n‘éfi DA s Bovety e oted, e rigl t the Committee bad on this subjeot, ‘w""i"n'.‘f.:o" -‘:M definite us _‘lhay( deired. vk i (e Committee i tion] basks 1o SpriogTeld, Mate.; bome of i meplon in Providence, R. I.; the Chemung Ci Y.; some of the national banks of York; the First National Baok of Fenton, tioual Bavk of Michigan, at Marsoall, and are B Soumtaion, e Cotiues say hey bans. pecirmed oclusion, mmittes say ¢ ve r-o‘lhn’nl £ £ duty to them in the the House, exami into the affairs of the nationsl banks uz: any circumstances that came to their knowl seemed to demand; they bave uudm‘nfia u“a. """'“,..}" facts and conn wl recont Merea- ants’ Nationsl Bank of Washington; ti =D money deposited, and by ite failuve, Tbe bili to ‘which has been reported ported to the Netional Currency aot, which the Committee national banks, to protect the breach of trust; ‘and also such proceedings as Boces- wary to nm-uymlw of the money; and u-lt'-= e of u! co; be eom{nimd to the War Dopu::n:gt. preseon . .'.A;Eo‘t‘i:nnnm close tbis report by submitting the annexed ution: Ressiesd, That the Secrotary of War be directed to institute such decmed the panishwent legal proceedings as may be necessary, T sars of (o Marchasts’ Netiost Baak, Ill-:y' T E e I o T o et § o v AFE'7ich Proceedings, ss may be uecesasy to. recover any parion of waid wouey. LAND GRANTS. M. mrmon) asked leave to report from the Committes on the Pa Railroad an act granting lands to aid in the construotion of a railroad asd line from the States of Missouri and Arkansas to the Pac'fie coast. . Messrs. WAsHUURNE (LIL) aud WRIGHT 0b) THE ROUSSEAU-GRINNELL AFPAIR. The House resumed counsideration of IMW“ the Selecs ao'nmflnm l'In he case of the assault of Mr. Rousseau upon . Grinnell. Mr. Havk (N. Y.) addressed the Hous, arguin M‘ . given to Mr. Rousseau 'u‘n as, that the provocation not to justify the assault, at least to pailiate it. the ev! taken by the Committee to show that Mr. 2 had no knowledge tbat his friends were armed. a-ued I.In’;:d by the Clerk the ; :wn-.l rinng ‘Wwhiel said, modified from the lan, sotuslly used. He when personal violence i a8 resorted to under such oation, no man could object to the act without examining self wm-m&n-wmnzrmw be led to do much greater mi violence. He claimed avy attempt at justification, but put the whole on the groand that it was merely a question for the discretion of the House. Ho bad sat astonished beyond fact that Mr. Grinnell was allowed to the las in whiek ho assailed Mr. had not felt it business, incxperienced as g parlismentary P:In to call Mr. Grionell pposed duty of the Speaker to restrain lasgungn, r‘:.'”m,m'mu-‘ fterward _the liue of ae- oy KING Pasy,