-Ftan alu Meu. .Yo,i. E.prss..
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The Washington Globe gives the puDIic some important information of the manner lh which the Surplus Revenue is to De olsIrIDu- % ted in July, as we'll as of the use thai can Do made of the Treasury Drafts, Gtfer lney aIe sae protested for non-payment m sPecIo ny Tt Pet Banks on which they may pc oIaw I,, having been suggested tnat Iile cs,. email ly could have their warrants o..." of [ rero;t s,,ms and then sell them as means or renlI!- ,onces to New-York and other Atianllc cl- .;o.Na th;ng SO desirable at the present nor s:SI,, dernnSed state of the Domestic EXchan- gesythe Globe speaking by authority, wtn- e,,t do,,bt. cuts off all such hope, and starts th" new and to us startling proposition, that .he Surnlns Revenue, when by law 1t has heen distributed to the States for'keeping till Congress may demand it, which every body knows, will never be, goes on to state, what is and what will be the policy of the Secreta- " of the Treasury-thus :- .. .

 "Warrants are issued by the Treasury Department in payment of claims upon the public which are provided for by appropria- tions, authorizing the money to be drawn from the Treasury agreeably to the provls- ions of the Constitution. The Treasurer ls- sues his drafts upon these warrants, requlr- ing specified depository of the public mon- ey to pay the amount. If not paid, in conse- uuence of a breach oftrust on the part of the depository, they remain claim upon the Treasury, and, under such circumstances are made receivable in pay yment for customs and lands.

 aBut transfers from one depository to an- other-as from a deposite bank to State un- der the deposite law-are not made-by warrant; no money being taken from the Treasury by the process. The orders ol transfer issued in such cases, are no evidence of indebtedness on the part of the U. States the money required to be transferred belong l ing, in law, equally to the U. States, when de- posted with the States, as while remaining 1 in the deposite banks. As these orders are no evidence of debt against the U. States, ana l if not executed by the bank on which they are drawn, may be recalled by the depart ment and placed on other banks, party who should interpose himself, for the purpose of gain, between the two depositorles. mlght find himself in an awkward position; 1t be- ing obvious that he would possess no rights which could be lawfully recognised by the Treasury Department. Neither are they given for small amounts, like drafts TOT pay ments; and the merchants who would Duy them if they knew who had them for sale, mieht find their purchases-like many of those investments which have. occasloned the present state of embarrassment among them-classed in the category Of unavaila- ble means" "'

 Great Seuerity-A boy named Michael Monohen only thirteen years of age, who was tried last week in Lowell, Mass. for the crlme of arson, in burning the Almshouse at Cam- bridge, was found guilty and has been sen- fenced to be hung! Another boy, named Michael Whaylan, aged ten years, was also tried for participating in the same crlme, put was acquitted on account of his extreme youth. The condemned boy, it is said, ap- neared entirely unconcerned while sentence was being pronounced. Probably he wanted his mamma to explain 1t to him. It does not seem possible that the boy will be hung.

 The Hon. WILLIAM REED of Marblehead, who died on the 18th of February last, by his last Will bequeathed $6S,OOO to Literary and Religious institutions. The Ipswich Register states the following as some oi his bequests

 Sl.OOO to the American Bible Society;

 1000 to the American Tract Society;

 1000 to the Mas. Missionary Society;

 2OOO to the Mas. Gen. Hospital at Boston;

 5000 to the American Education Society;

 800 to the Andover Theo' cal Seminary;

 10000 to the American Board of Com'rs for

 F. M. ....

 10000 to Amherst College; ....

 l7,OOO to Dartmouth College;

 l8,OOO to two Religious Societies in Mar blehead, and the Marblehead Academy, in different proportions. A considerable part of these legacies, however, are not payable until the expiration of certain trusts created by the, Will. ....

 Mrs. Peter .Jonss.-Most of the readers of the public press probably recollect the publi- cation of a romantic story ofa young lady of London, possessed of wealth and great per- sonal beauty, who two or three years ago be- came enamored of Peter Jones, Seneca In- dian, a missionary, and married him, in spite of the remonstrances of friends and the scandal of the world. Mrs. Jones migrated to the west, soon after her marriage, with her aboriginal lord but at last, having become disguised with the life he led her, she secret ly abdicated his wigwam, and returned to England in the packet oft 10th May. Du- ring the sojourn of Mrs. Jones in the West, she became the mother of two children, both of whom are dead.-Poulson's Phil AaIr.

 Another account says that Mir. Jones ac- companied her to New York, and that she is only going to England on visit, whence she will return after short period.

 A Singular Fdct.-About five years since, says the Rochester Democrat q league was entered into between eight young men then lettering their time away upon the Exchange street bridge in this city, to enter upon q course of crime. Tho species of crime was not designated, but counterfeiting seemed to have been that which they most extensively practsed. Of this number, six are now in the state prison-one is dead, and one is fu- gitive from justice.