LATEST lNTELLIG r nee.

BY LAST EVENINGS MAIL.

Washington.


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WASHINGTON, July %, 1886
Rotal,on-IneQuolity of its Er0cise-7he SecYstayv
of the Treasury-Ihe Public Funds and the State
Stocks-An Iatarogafory concerning John b.
Macy-Isras Tariff Spectators under Blockade
The Post Master at Mii,Oaukie.


As the rule of rotation is resolved upon, il has
been decided that the Federal offices, saving the Ju
dietary, are not bestowed on the life principle, we
are anxious that there shall be consistency in this
business. And we shall point out to the people from
time to time, wherein the administration is deficient
in this as in other matters. For example, let us re-
consider moment the cares of Stephen Pleasan-
tine and Peter. They have been in Office half
own fault, and fault for which, of itself,
they ought TO be discharged. And yet, though
there is some talk of their coming under the
rule OF rotation, u is not not decided mat they
with, they must and they will. We cannot imagine
tor the space OF the fifth traction OF minute, that
either Mr.. Buchanan or Mr.. Marcy are 10 be bam-
boozled by these two stall-fed auditors, with their
good wines their dinners and their so'<es, not
even by their interesting families We know the
influence OF these things-we know that Mr.. Marcy
ana Mr Buchanan are fond OF a. good dinner now
ana then and OF polished and refined society all the
tlme and we have seen too often that the charms of
personal assocatlon however hypocritical or deln-
siye are superior to all regulations requstlons of





of War and the amlable and good natured Secre-
tary of State, not to be taken in by these pu-traps
set to catch noodles. Unless these two old chaps
aforesaid are permitted to retire 10 their
seats in the country, the reform Of rotation
is all moonshne. 1t Is a poor, miserable
cowardly system Of rotation, which lops off the
heads OF the small subordlnates whose pititul sa.
lares debar them from acting the part OF courters
at the soclsl parties OF the higher functonarles Of
the administration, while 1t spares, from consdera-
tons of personal acquaintance the Scribes and Pha-
rlsees Of the higher grades. We can't stand that,
and we speak in the name, in the behalf, and by
horty, OF the unterrfed democracy. when we say
shan't. If Mr. Marcy is spprehenslve that no
ocotoco can be found equal to the place and the du
ties of Uncle Peter, let HIM try your corresponding
satisfied that we can render him satisfaction
And what is more, shall take care that the Gov
ernors old friend, Major Noah, shall have place in
the ark of safety He is jew, to be sure, but we
will guarantee to make him lover of bacon, and a
good loco, If the Governor will only give us the
power of bestowipg lot of sold clo"


Once for all, we tell the President, as the Supreme
Executive authority, that Uncle Peter and Father
Stephen must be granted indefinite furloueh.
They have been tor fifty years good and faith
tul servants, and II Is time they were entering into
would resign if they thought the administration
could do without them, and 1t is only necessary,
therefore, to give them some such gentle under
standing to thai effect, as follows =


SiR-From and after this date upon mature delibera-
on in the premises il is the opinion OF the Executive
that the duties of your Office as faithfully they have
been administered by yourself may be correctly and
promptly discharged by at least hundred individuals


(signed by the Secretary


The Secretary of the Treasury, perhaps the most
active and vigant in his duties of all the Cabinet,
has been making arrange ments OF late, for the fur
rher security OF the public moneys, with the exist
ing or prospective repositories OF the Government
funds As we understand IT, II Is by requiring OF
the repositories the security of Government or
State Stocks, the option OF the head OF the Trea-
sury. II is system which, however secure in the
h,,nds OF Mr.. Walker, is susceptible OF the rankest
and most unlimited corruptlons. For instance, the
State Stocks of Arkansas 1--WE might say Mlssisslp-
pi) are at a most unpromisng depreciation. The
Government has already invested the Smithsonian
Fund OF SS5O0,0OO, in Arkansas bonds, and sold the
greater portion OF them al 40 per cent discount. A
bank in New York, with heavy parcel of this
dead paper its hands, becomes depository in
two millions of moneys OF the Federal Treasury
1t offers this Arkansas scrip as security, and II IS
accepted. The bank fails, the scrip is transferred
TO the Secretary OF the Treasury and he retains 1t
in lieu of the money. II he sells 1t under the ham,
mer, 1t Is at runous sacrifices II ne retains 1t, the
Government, 10 this extent, Is committed to the
payment of the State debts A single glance at the
wide field for speculation aud pecuatlon opened to
all sorts OF brokers under this system is sufficient
10 Its rejection, as wholly and utterly unsafe and
lmpractcabe. The Secretary of the Treasury
must eventually, under such system OF deposits,
become mere pigeon, or parttceps crimints OF the
bulls and bears of Wall street.


There are some mercantile spectators In Texas
who about being intercepted by the Secretary OF
the Treasury in very profitable business. The du-
ties upon foreign imports much lower in Texas
than in the United States. There are men, accord
ingy, who taking advantage of this difference
by importing into Texas, with design the final
ratification Of annexation, of transshipplng said
goods to the northern ports of the United States,
der the idea that such goods will be subject 10 no
further duty But Mr.. Walker is issuing circular
which will pretty efectually cut of this demi-semi-
smuggling, and bring such merchandise under the
full duties of the tariff Of AZ The Secretary is
wide awake, and he is not going to stand any such
imposition as this upon the pockets of uncle Sam.


Recently there was paper started in the city OF
Milwaukee, devoted to the removal OF the postnias-
ter of that place from his office and to be continued
until that object were effected. We are informed
that Col Medill, (who, by the way, is of the
most industrious and interchangeable men ever en-
poyed by the governmenD has resolved, notwith-
standing this newspaper, to retain the Milwaukee
postmaster, after full examination Of the case
Unless the publisher in funds therefore, it is very
probable that he will falsify his motto back out,
knock under, and give up the chase, We would adj
wise him to do SO, or he will be swamped, as sure
as he is born.


BALTIMORE, July 80, ls45
Fine WeatherDesructpe Fire Great Demand for Bal.