City Council.--A special meeting of the Council was held at the City Hall at 4 o'clock, yesterday afternoon. After the reading of the minutes the President (Mr. Saunders) stated that the Council had been convened for the purpose of considering the propriety of rescinding the resolution passed at a previous meeting, authorizing the Chamberlain to receive for all dues to the city five-dollar Confederate notes at par. The object in first passing the resolution was to sustain the Government in tire action which Congress had taken with reference to the currency, believing at the same time that merchants and others would do likewise. The sequel, however, had proven otherwise, and some steps were now necessary to save the city from any further loss. The President then offered the following resolutions, which were adopted: Resolved, That the resolution adopted by the Council on the 29th April last, requiring the Chamberlain to receive and pay out five dollars Confederate currency, be and the same is hereby rescinded. Resolved, That from and after this day the Chamberlain and all other city officers are required not to receive Confederate five dollar notes except at a discount of 33½ per centum, and to pay out the same at the said discount. Upon motion of Mr. Hill it was ordered that the above resolutions be published twice in all the daily papers of the city. The following petition was presented by Mr. Stokes:
To the Honorable Council of the City of Richmond:
Mr. Haskins did not see how the evil could be remedied, as the current of the stream was changed by every fresh that took place. Upon a motion to refer the petition to the Committee on Streets, Mr. Epps said he could not see why it should be so disposed of, as that committee was certainly not appointed to legislate upon creeks. After some further remarks a motion was adopted to lay the petition on the table. On motion, the Council adjourned.