Chicago Daily Tribune Newspaper, January 17, 1873, Page 1

S— [ " Oa Srst-class Chicago Property. Thass % T smaSiiom, 85,0, The0 : 4§22 Promaicr: Ge —— VOLUME 26. F¥FURNITURE. EXTRA Announcement, FURNITURE! AT COST. ‘We are to retire from the Retail Trade, and shall dispose of our en- tire stock of Parlor, Bedroom, Dining, and Office Furniture AT COST. Our entire stock to be sold be- fore February 1, 1873. The last opportunity you will ‘have ot buying first-class goods of _our own manufacture AT COST. The store now occupicd by us to * rent, - WEBER FURNITURE COMPANY 220 Wabagh-av. INSURANCE. e TIHE (ISURANCE PHENIX Insurance Company OF. BROOKLYN. INCORPORATED 1858. ' Cash Assets, $2,000,000. R S, CRITCHELL, Agent, 127 LA SALLE-ST. . SPECTACLES. 3 MONEY CANNOT BUY IT! For Bight is Priceless!! Bt e Dimond Speades Wil Presere. I 2 you valao your eyoright use thess pecfoot Tenses hd trom mimate cryatal pebbies, MeLthd togethion, and S Diarhond, ‘tho erive-their nam n neas and B, <7;., They illlast many feaamwitty: ont change, .and are warranted superior to all othora in o, Manfactured by ” * J. E_SPENCER & CO., Opticians, New York. CAUTION—None genuing unless stamped with oue bt ~Frry ibl te throughoat the Unton.’ or sale by ren o & o o Unton. 37, MAYQ £ B 4 Stato-st: and 2f Weat Hadison: L., a0d W. M. MAYO, corner Wabash-av. and Twonty- st JOHX G. ASHLEMAN, N bash-av., Jew- elléra and Opticians, are solo sgents for Chicags, L., from whom they can oaly by obtaiaed. No podlers e o7ed. B 3 PHOTOGRAPHS, - By FOR THIRTY DAYS BERLIN RIS TIRES DOL- LARS PER DOZEN, AT BRAND’S, 596 Wabash-av. COME EARLY T0 BRAND'S AND AVOID THE RUSH. 5968 Wabash-av. ' INOTICE. Lesvs Btate-st. cars st Twelfthst. tor BRAND'S PHOTOGRAPHIC PARLORS, 596 W rabosh-ny. FINANCIAL, Tosas fn Gold, 3 eI Golt or Gumrency, on Bond end Mectgage of Without Jommission and on Long Time, ROOMS 2 & 3, 8. W, Cor. State and Madison-sts. ALFRED W. SANSOME, Sccretary. ' TO LOAN. We have £100,00) to loan in sumsof fram 5,000 upwards, enizproved elty proerty, 819 por caat Iatorest for large and 10 per cent for emall sums. CLARKSON & VAN SORAACK, oat WONEY TO LOAN 81,000, 82,500, 83,000 BEAD & COE, 79 Wes: Madison st. tnhacd, ‘Money to Loan Yo bavo money to loan on first-class Chicago tty. e B T5, 030, A5 R o ShioN L ARSI 15 Clack-st. STATIONERY. CULVER, PAGE, HOTHE & (0, Wholesale and Retail Stationers, BLAXK BOOK MAEKERS, PRINTHEHRS. 4nd Pablishers of Commercial and Law Blanks, 118 & 120 Monroe-st.,Chicago, Opposite 0ld P. . Bullding. WAKTED. ‘Drum Gylinder Press Wanted Double medium, second-hand, in good order. State 2ad perticalars. Addrees PRINTER, care 49 South Camadat. REMOVALS, - REMOVAL. Ortst Western Light Guard Band has removed e o %1 South Clark-st., oppokite the Court ¥. Hofiman, Conductor; Join Hand, Lesder > Chatfcy, Prompter; Al Lehder, Prompter. HOTELS. CITY HOTEL, Comner Stxtzenth and State-sts., : ¥ Quian, Terms Reduced to $2 per day. % J. W. TOWNE. rietor. TO RENT. - TO RENT., ftore now occupied by M. GRAFF & CO., 89 and 61 Mare Eotst, Yor pagt 5 #0RY 08 the promises. .| the aggregate of their ex Ska WASHINGTON, Proceedings in the Credit Mobilier Investigations Yesterday,. 'Durant's Testimony About His $10,000 Gift to ‘Ser- ator Harlan, - Senator Sherman’s New Bill for . & Resumpfion . of Specie - " ‘Paymients : The Union Pacific Railroad .to Be Sued for the Inter- est Due the Gov- ernment. An Atmospheric Telegraph Schemé;-- The Agricultural College - Bill. Proceedings in Congress Yesterday. Specicl Despateh to The Chicago Trivune. AENEAL TELEGRAPH SCUEME. WasnrxoTox, Jan. 16.—Thie bill incorporating the Loomis Aercal Telograph Company was frial- ly passed by “the Scnato to-lay, and, with the signature of the President, will” bocome o law. This acreal telograph scheme is a novel, thing. The plan of Dr. Loomis, the inventor, is to tele~ graph from a high peak of the Rocky Mountaing totho highost attninablo peak of the Alps, at which point a tower is to be erected, on the top of which a large . mast boe pleced. An sparatus capable © of collecting electricity ia to bo put on tho upper end of this mast, by means of which, on such elovation, it is claimed a. strata of the atmos- phere will bo reached which is charged with electricity. Ground connections, the same a3 in orainary telograph, will be erected. = This cloc- teitied stratum of the atmosphero will, as with the ordinary .singlo wiro and ground’connec- tion, make o completo circuit, - and it: is claimed ihat tho slightcst -pulsation : of the_ electricity st . one tower will produce & similar pulsation - st . the othor. Tho Company is to have a capital stock of £200,000, with the privilego of increasing the mame to two millions if the intercst of tho Com- pany shall require-it. The. bnsinoss objects of the corporation are stated in the bill to bo to de- velope and utilize the prine:iplon and powers of natural electricity, to bo used in telegraphy, gon- erating light, Lieat, and motive pawer, and oper- ate any machinery run by electricily for any purpose. 5 G THE ALARBAMA MONEY—BUTLER'S BILL. : Butler's singular action.in regard to the Dbill' introduced by him bofore tho recoss to rogniate the distribution of the Alabama money was re-- marked at the time. The bill was roferred to the Judiciary Committoe. He took it to the file- room, and after it had been recorded, carriéd it to the Government Printing Office, where ho had - it privately printod. In Committee ho had it referred to himself, a8 & Bub-Committes. No member of the Committeo has 'ever seon - it. It is now eaid that he hasprepared a long and care- fully-written report,in which he takes theground that equity requires that the claimants, whero they are insurance' mm)znnie!, shall subtract ra charges on acconnt.- of war risks from the aggregate of their losses by the Alabama, &c., in order to determine what the amount of their claims ia ; and, in the cascs of private individaals, the amount of insurance recovered shall be subtracted from the amount of loss sustained in determining the -value of their claims. . - THE CREDIT MOBILIER CONFESSIONS. ‘The ' most exn‘im'dinagms acle that has ‘been witnessed since the it Mobilicr Com« mittes has been in session occurred to-dsy. Two Senators and three members of the House flockod there as to a confessional, and told their stories to Judgo Poland. Tho first to_cleanse his bosom_ was Representative Bcofield, of Penngylvanis, who made a straightforward state- ment to the effect that he had agreed to take ten shares of Credit Mobilier stook from Ames, and had paid $1,041 for it in January, 1868, the’ odd dollars bemg for scorned interest. Sabse- quently changing bis mind, ho concluded not to take it, and ho settled the fransaction by taking an equal numver of shares of Union Pacific stock, and a $1,000 first-mortgage bond, payicg Ames 8230 extra for it, - Then camo Senator Patterson. Ho agreed to take 20 shares of the stock, Lut did not got money to pay for it, 80 the bargein was not con- summated. Bubsoquently he boaght from Ames Tnion Pacific stock, on two oceasions, which ho plalwcad in the hands of a friend in New York for sale, Senator Wilson, who came next, made a sort ofaat\;mpgfieeeh, in which he went over the history of life, his poverty, his-trials, hiy failurea and_suocessos. FHo told of Lis allver Wedding, and the present_of 23,800 to his wife, portion of which was invested by Ames in Credit Mobilier stock, and then howa short time afterward, bearing tho- Company was involved in Iawsnits, and fearing the consequences, he insisted on having tho _money roturned. Ames paid it back to Mrs. Wilson, with $63 _dividend, and Wilson paid back this divi- dend to Ames from his own Eocket. He com- plained of tho wrong done to honorable mon by the unjust suspicions cast upon them frora their connection with the Credit Mobilior, but admitted, whon questionod to that effect by Niblack, that much of this had been occasionod by the prevarications of tho accused when the charges were made public. He wanted to tell a straight story from the start, but was persuad- ed from doing &0 by his friend Bingham, and Bingham, who was the next witness, admitted that, in common with others, he received 2,000 in stock of the Compaay, and immadiate- 1y, also, recoived & large dividend thereon. Ho mbdo a written contract with Ames, and tho dividends - were indorsed thereon. TWhen he govoup bis contract with Amos, ko raceivod about 36,500, ) Kelley denied having received eny stock, al- though he had agreed to takoe ten shares. 'His statemont was about the samo as that heretofore ublished. He made an & ment ehowing that %ongmumenhnda right purchase stock if they chooso. v % - THE LOUISIANA GENATOR. John Ray, United States Senator-elect from tho Kellogg Logislature in Louisians, will arrive bere early next woek, and present his creden- tials as claimant to'the eeat made vacant by the resjgnation of Senator Kellogg. This action will bring directly beforo the Sonate all the di- verse questions regarding tho legality of the two conflicting Governments in Louisisns, and & possibility therefore exists of a final solution of the question, 60 far as that body is con- cerned, before the adjonrnment of the present Congress. £ X OBIECTS. © HARLAN Senator Harlan's Chronicle takes etrong cb- geefim to the testimony of Thomns O, Durant efore the Credit Mabilier yosterdar, wheroin the latter stated that he paid 810,000 to se- cure the election of the former to the United States Senate in 1867. Its principal point of int i 1.e Committee transcends its suthority when nguires into the private afsirs of poitiisas. t then conclades as fol- wE 2 1t ia not probable that the public or the Government will derive any benefit from a disclosure of who con- tributed of aof General Lgitimate or be election cam] - penses, it canngt Do rogarded a4 o crime. Ax i ore i e Chicago Dail is . to ] CHICAGO, FRIDAY, JANUARY 17, 1873. T no shadow of evidence that Durant's money was ap- plied to corrupt uses. The Senator himselt is understood to claim that this money was paid for hotel billa, news- p_?er puils, and the other similar expenses in- cident to election, but tho Wilson Investigating Committee, not boing satisfiod with this expla- nation, defermined to-dsy to investigate Mr. Darant a little further. "His examination by this latter Committes on this particular point of haring given monoy to securo Harlan's clection, was quife sovero. e admitted that the two checks for "SHO0 each wero _minde Rynblo to lio . order of. Sanator arlan; that they wore sither handed fo him in person or sent to him by o third party; that it ‘was at the personal e gave the money, and that it was given with the understanding that it was to be used solely to sccure Harlan's election to the. United States Benate. Ou the point as to whetlier the money was private funds or the property- of the Credit’ Mobilier, or t%u &nion Pacific Company, tho witness oquivacated a great deal, and finally answered that the books of these Companies would sliow, his_own memory not being good on this point. Ie also stat that he wes very much annoyed b, ency with which the money was demanded. . Ho rohictantly admitted that he was interested in tho clection of Scnator Harlan, because of a large intcrest'in Towa, aund that these interests \\'er&s identical with those of tho Pacific Rail. ron To:morrow. the Committee examino Durant. s to the iifi';fi of counsel fees to members of Congress Dy the Union Pacific. . This inquiry will Bo conducted under tho Farnsworth resolu- ilon offered in tho House yesterdsy. Batlor says that thoy won't bo ablo o catch hero, s all the legal services he rendered in the mat- tor were as counsel to_Oakes Ames and Jobn B.. Alley in their ight with the New York faction, when Jerry Black was retained by the latier, . RAILROAD BRIDGES. s The House Committeo on Commerce agreed to-day to report favorably the bills authosizing tho construction of railroad Dridges at Oanton, Mo., and Van Buren, Ark. 9 . THE AGDICOLTCRAL COLLEGE BILL. Prosidoht, Grcgog’, of Tlinois; J. B. Bowman, of Kentucky ; Dr. Read, of Missouri ; Ezra Cor- nell, of New York; Profeasor Cook, of New Jereey, elocutionzl gentlomen of tho most dis- tinguished uu.\m!ing, are horo .uiging the spcedy pasiage by. tho Houso of the ornll Agricultural bill, which ‘has, just pessod the Scoate. Thé bill seoma to be guining powor every day in the House,and its spoedy poseage is prediciod with the groatost confidonce. 5 X ] THE CALDWELL cASz. © '~ Ovrm%oto tho non-arrival of witnessos, tho Senato Committeo on_Privileges and - Elections will not rosumo the Caldwoll bribery case until Saturday noxt. Ex-Governor Carney telegraphs the Chairmen of the Committea that he will ' bo hero on Friday night, and. he will | bo cxamined on Saturday. : It will be romombered that Len, T.. Smith awoio flat Lo prid Carmoy tho sy Gt S20000. T i 8aid Ly Kansas men. hore that. thia.trath is, that - most of tho tnoney was paid to membera o the Togislature to voio for Caldwell, and tho. tastix ‘mony of Carney and of other withesses yob o Bo ealled for the proscoution will prova this. G. G. Gago, of Topoku, Capiain Chester Thoroas, - and W.' S. Dutko wil be among tho Iportant witnesses, and against Caldwell, who have not testilied The cato sizeady soat out gt Caldwol is sversally Fogarded & strong enongh to secure his expul. Gion from tho Senate, but it s clsimod stil stionger evidenes will be produced bofors the Investigation ia concinded. THE CONTEMPLATED GOVERNMENT SUITS AGAINST THE CREDIT MOBILIER. & Tho Attorney General £ay that fho resolution of tho" Houss, instructiny tho Goverumont to prosccuto the Credit Mobilier for any money due Hio United States ia 8o crudely deawn, and 80 imperfoct in its understanding of the Bubjock, that it is o ‘question of annoyAnCo snd, uncortainty o the Deparimeiit of Jusice, It is impossible to discove how the Credit Mobilicr, belng o private sorporation, having 10 doalings with the Government whatever, could have de- frauded the United States out of any money, and the Houso rezolution to stract the Atior noy_ Geueral to_appoiot two attorneys to | bogin prosecutions ngainst the , corporation - is regarded as of litile consequence. The Government, howover, will select tho attorneys, and they will beinstructed toattend the sossions of Committeo No. 2, and takepart, if practicable, in the investigations. . THE UNION PACIFIC TO BE SUED. : While it is not likely that any cause of action will bo found in the Crodit Mobiler, the Govern- ment has determined to instituto euit against the Union Pacific Railroad for the unpaid inter- est, unléss prevented by legislation before the clogo of the investigation of tho Committcos now in session. Nothing will be done by the Goy- ernment until tho Committees submit their reports, because the information eclicited by them will save the attorneys much time andlabor. Hon, Asron F. Perry, one of the attorneys Belected by the Attorney General, bas- accepted the trust, and was expected here this morning. Stanloy Mathows, tho othor gontlemanseloctod, * having declined, lntf ointment - to the place will not be made until gh-. Perry is consnlted. Judge Lawrence, of Ohio, ia spoken of for the. position. TERRITORIAL MATTERS. - The bill of Delcgato McCormick regulating the pay of Territorial officers, and . limiting the duration of the scssions of tho Logislature to 40 days, was passed by the Sovate fo-day, and only awaits the President's approval to become & law. Tho members of the Territorial Legis- Intures sre to_receive 6 per day, snd the pres- ent rete of mileage. The salary of Governors of g;as%'grflwries isto be $8,500, and Becretaries, 500, ALABAMA BATTERS. Nothing has been heardof an official character from Alabama in regard to the political troubles in that State. Nothing of a decisive character is oxpected by the Government for several weeks. The President of tho Benato of the State, nearly four weeks ago, appointed & Committes of two gontlomen of each. porty to investi- ate tho . conduct = of the - elec- ion in the County of Marengo, and the district_embraced by . Butler and Coubin’and Conccuh Counties. it is shown that Millor i ontitled to the eat in tho Scnato instead of Martins, the Senate will be Republican, other- wiso it will bo Democratic. It seoms likoly there will be two reports from the Committce, and that the Benate will have to decido for them- selves after all. [To the Associated Press.) AGRICULTURAL ENDOWAENT OF COLLEGES. ‘WasuiNoToN, Jon. 16.—The bill of .Benator Morrill, of Vermont, which passed the Senate on Tueaday, providing for the further endowment of colleges for tho benefit of agriculture and the mechanic arts, upg‘mpriates to each State and Territory where theso colleges may be put in actual operzation, five years after the passage of tho act, the procceds of the sale of 000 acres of public acre. The duty is imposed upon the Socretary of the Treasury to ascertain the net amount of the eales of the public lands for the procediny fiscal year, and to invest the same in_registere bonds, or at.his discretion may issue such bonds' to such_colleges, rotaining tho monoy therefor in the United Statos Trensury, instead of causing the Becrotary of the Interior to issue land warrants whoro applications were medo, es had been previously provided. — CREDIT MOBILIER. THE WILSON COMMITTEE. 4 ‘WasmxotoN, D. €., Jan. 16.—The Wilson Crodst Mobilicr Invesfigating Committee mot this morning and the exsmination of T. C. Durant was reenmed. DURANT'S TESTIMOSY. He said the Boomer contract was $27,500 per milo of railrosd. The Union Pacific Board of Directors passed a resolution, cxtending the Hoxie con?rnct over these 53 miles at $50,000 s mile. This resolution was not carried into effect, the witness having protested, and JB%EB o ‘beving ted an_injunction. Board aftorwal expunged ~ his protest from the books an Teecinde tho reeolution. If the resolution ~ had been carried into effect, the differcnoe between $27,500 and £50,000 would have gone into the Credit Mobilier. These fifty-eight miles had ‘been completed, were in running order, and had beon accoptod by the Goyernment. The witness w8 examincd as to Williams’ proposed contract which was accepted by the Board of Directors of the Union Pacific Compsny, in 3l 67, for building 267 miles of Tailrond. Witness also sued ont an injunction in this case, as the con- | tract coyerod & part of the road already con- structed under a previous contract. C After the witness had been examined specifically he was examined generally. He was aslked by the Chairman what ntage - of Union Pacifc Railroad stock did the Credit Mobilier stockholdors own at the time the Oakes wollcitation of Haglan tiaé. ‘the _persist land, estimated at $1.25 per’ Ames contract was entered into, The witness answered: 75, perhaps 85, per cent. Havin, been asked why the Credit Mobilier itself conl not bnild ths road, instesd of assigning the con- tract to Trustecs for that purposo, the witness replied that the Trustees were acting in the in- . terest of nll the holders of Union Pacific Rail- roadstock, some of whom Lad no stock in the Credit Mobilier: The object of asigning the contract to Trustees wasalso tosecura individual liability in the case of failure. Whenover the Trustees of the Credit Mobilier wanted to buy, they made offers to.the Railroad Company for o certain amount of railroad bords, naming & price for them. The witness said that early in January, 1863, the Trusteos of the ‘Ames contract had entire eontrol of the Union Phoific Railroad.” It was shown by, the books that tho aggregate amount spent on the Ames and Dayis contracts was about £55,000,000, audtho dividends 311,640,000, or' 20 per ‘cent on $55000,000, or 31t or “cent on .the sfock’ of the redit . Mobilier, aud . if tho estimates are made on the securities as being at par, 545 per cent. The witness did not kuow of any par- 80n connected with the Union Pacific or Credit Mobilier who used mongey for the purpose of in- fluencing or procuring the clection of any per- son to the Senato of the United Stat (@ had himself furnished money for general political purposes, but mot _epocially o _influance the ‘eleclion of any Senator. He gave two checks of £5,000 each to_Harlan, ‘payable to that gentleman's onder. Harlan had eaid to him, ““ Are you rot going to help us?" when the witness &nid, *' When you are very hard up I will do what I'can.” Tho money was sent to Turlan, the witness mpgles!ng Harlan knew how to nrpmprin(a it. He did not know whether Harlen was.. at that time Secretary of the Interior or not, and did not know whether he was at that time & candidate for the United Btates Senato or not. * Chairman—Did} you not understand that the money was: to aid in the election of Harlen 2 ¥ & s Answer—I hnd no such understanding, but was in hopes that Harlan would be clected. . Without concluding the examination, the Com- mittee adjonmed until to-morrow. THE POLAND COMMITTEE: 2 FCOFIELD'S TESTIMONT, * At the rittings of the Credit Mobilier Commit- toe -to-day, Represenistive Scofield made the following statement: He lins been in the babit of investing in bonds or stocks. Iu 1866- ho bought of Ames some bonds of the Cedar Ropids & Missouri Railrosd. In December of the noxt year he wanted more. Ames enggested that ho tako Credit Mobilior stock, he (Ames) saying tho Compnay was insorporsted in ' Peunsylvania, and ko would take eome ‘Pennsylvanians into it. He ‘of- fered - tho stock at par and interest from some former period, or he would gusranteo § per contif he (Scofield) gave to Ames half that it earnod on that sum. Told him that ha (Scofield) would take 81,000 of it. Subsoquontly,.when -witnees spoke to Ames about giving him the money, Ames eeid he thonght all the stock was gone, but; if witnesa gave him tho money, ho would try and got tho stock. Witnesa gave him tho money in January, and Ames said he would et tho stock. Witneys told Ames, howaver, that e liad now concluded not to take the atock, but finally agreod to take some of his railroad secu- rities instead. -Bome of the balanco was sottled in money. Witness knew nothing of Ames’ de- iving Congrossional aid. Witness voted against tho act of 1864 giving the Company's mortgnges priority.. Nothing was said about legistion. In anawer to & question by Mr. Boland, Mr. Scofleld erid - ho thought no ‘dividends wore de~ clared by the Company during the time; did not reccive any dividends, and if thero were any they were allowed in the final settlertont. The witness had no' ides that the stock then was |. ‘worth two or throe times its par value. ) PATTERSOX'S TESTIMONY. " Bonator Patteraon sworn : Hastated althongh he had no transactions with Ames or the Union Pacific Railroad which call for investigation, or which any respectable business man would crit- icize, still be would state.all the. facts: in.which e was concerned. Ho'was Dot in Congress nn- til after the Pacific Railroad subsidies pasged, He voted for the act of 1864, and ncver regrettad it. He never owned a penny’s worth of Credit Mobilier, although ho ywould have done so ot one time if he had had tho money, Subsaquently he urchased of Ames both bonds and stock of the nion Pacific Road, which'he afterwards sold in, New York, making a fair profit. He - regretted’ that his investment was not larger, as the transaction was honorabl and honest, He never Teceived nor purchased any property which, di- Nilly or Lngircctly, ‘wag connecled with his vote. % In answer to questions of “Alr. - Poland, Mr. Patterson testified that bis first purchase was in 1809, and the other in 1871. P . ' EELLEY'S TESTIMONT. William D, Eelloy tostified- that he agreed with Amos to take some “Credit Mobilior stock 23 an investment only, but the matter was drop- ped, and ho never received -any dividends or pxofits from . the Credit obilicr. ~ He nover - had seen . eny Crodit Mobilier stock.-- He had borrowul’ monoy'from Ames on one or two occasions, but bad not had an offer from Ames of Credit Mobilier stock to in- fluence legislation. If the witness had been able to purchase stock, he wonld. have dono so. He #aW no more improprioty in a member of Con- greas buying that stock Tan in buying a flock of slisep, and then voting npon- the tarifl on wool or woollen goods. He borrowed 31,000 from Amen at one time, but there was nothing in con- nection with that which reforred to Credit Mobilier. - -, = 'WILSON'S TESTIMONY. - The Hon. Henry Wilson was thon sworn, and testified that his wife had heon presented wilh $3,800 on the anniversary of their silver wed- ding, a portion of ,which was invested in Credit Mobllier bonds, which were purchased for hor benefit at the suggestion-of Oakes Ames. Tio, witness Imew nothing of its organization. Ames 8nid ho would guaranteo it to psy 10 per cent, . and pdvised witness, to take it. Tho witnoss asked Ames ot the timd if it was not likely that the rond would bo coming to Congress for legis- Istion, 23 he had made it & rule never to have s dolla’s worth of stock in- any rond wantirig logialation, - Amos roplied that: thq road wanted no legislation, and expectod none, The witnoess told Ames that if the rond ever should apply for logialation, he would want his money back, and give the bonds up. quently, the witness learned that there were some difficulties abont the concern, and he spoke to Alley, Ames, and. others about it, say- ing that he wanted to get out of it.. Amcs Inughod at the anxiety of the witness to get out but eaid e would roturn him tho money, an cancel the bargain, - The witness never recoived » dollar dividend, but backed ont of the bargain, and if ten thousand dollars from it were due him, - he would not touch =a cent of it. His wife got her monsy back, and The vitness nover received any benefits from it. The only spcculation he hsd ever entered into since coming to Congresa was in o little Jot of land in his native town, and_he would sell all o Liad to-dey, exclusive of his houso, for 23,500. He had done nothing he did not feel he had a right to do, and bho felt outraged at this attack made upon him._ Ho thought a great wrong had been perpetrated. BINGIAM'S TESTDMONY. JohnA. Bingham was then sworn, and testified that he placed’ great contidence in_ the financial jud‘%gunt of Ames, and upon his sdvice invested 23, in tho Hibbard Silver . Mining Company, s corporation organized wunder the faws of Massachusetts, . but which bad no connection with the Credit Mobilier or Union Pacific Railroad.. In December, 1867, ho was ad- vited by Ames to invest in Credit Mobilier, and did invest 82,000, " giving Ames the money in February, 1868, for which Ames then gave him a vritten agreement to account tohim for the dividends and proceeds of twenty shares of Credit Mobilier stock. Subsequently, the wit- nees agreed io take 1,000 stock in the Towa Falls & Sioux City Construction Company, pay- ing Ames 8650, for which Ames gave an agreement similar to_the ons mentioned. The witnosa nover received, nor held any stock in the Credit Bobilier, Jows Construction Compaay, or Union Pacific Bailroad from Ames nor any ono else. Ames was the only person bo lmow In tho, con- tracts, and ho had perfect faith in him, and tho witness believes be had & lawful right tomake thess investments. In 1888, the witness re- ceived from Ames two Pacific Rsilroad bonds, each for 91,000, in pursmnce of an sgreement. All subsequent dividends were in money or fic stook: THe Credit Mobilier con- tract - was closed in December, 1870, =8 the witness then wauted the money, and he.. received - from ~ Ames 1,650 dollars, ginde which time he has had no_intercst direct or indirect in Credit Mobilisr or tho Union Pacific Railroad. The bands which he received from Ames as dividends hs sold in 1869 at 881 cents on the dollar. The Iowa Construction coptract Was gettled in the epring of 183, spd Bubae- . the witness roceived 2900 thereon, since which time he has had no further transactions with Ames. The aggregate amount received by him on the two contracts was nbout $6,600 from the beginning to tho end of dealings with Ames. Ie had no intimation that any other member of Congress ind any con- tracts or deelings with him in relation to Credit Mobilier or Union Pacific Railroad stocks, except Hooper, of Massachusetts. Never heard of any controversy botween Ames and M'Comb or any other porgon in regard to the distribution of Credit Mobilier stocks, and the first Le heard of Ames being in that stock corruptly was in Sap- tember snd_ October Isst. Ho never bad any ides thst ~ Ames _contracted with him for corrupt rposes, and 1o nevor gave a vote for or against & measure in Congress_but what be believed to be just and right, andin sccordance with his sworn duty. He had done nothing which he believed required an apology or explanation, He was not o mem- ber of Congress when the act of 1864, relating ‘to tho Union Pacific Railroad, passed, and he left Congress mow, after sixteen yeara® sorvico, with no more property than when ho eotered it, save what he had legitimatcly earned during the Thirty-eighth Congress, when ho was nob a momber, - The Committee adjonrned until Baturday morning. ——— CONGRESSIONAL, _SLNATE, BENAG-BOATE. WasaINGTON, Jan. 16.—A bill was introdiced suthorizing the Secret=ry of War to contrazt for the building of several light draft snag-boata for tho Missiseippi, Missouri, and Arkansas Rivers. TERRITORIAL MATTERS. On motion ¢f Mr. Nyo, bills were paseod fix- ing the compensation and length of sessions of Territorinl Legislatures and committing the g:_m of Penitenticries to the Territorial author- ities. = VIENSA ‘TXPOSITION. Mr. BCHURZ, from the Foreign Relations Committec,. reported tho House bill for the ropresentation of the United Statesatthe Vienna Exposition, with nn_amendment_incroasing the appropriation from $100,000 to $300,000. . CHANDLER-opposed any appropriation, becauso experioncs demonstrated that Amori- cans participating in snch .expositions had their inventiona appropriated by foreigners. . Mr. SAULSBURY moved tc make the amount £150,00 instead of £300,000. Losat. The amendment of the Committee making the amonnt £300,000 was thon adopted. Mr. CARPENTER snid_he had voted to in- crease tho .amount to $300,000 hecanse, if an appropriation was to. be mado at all, .that was littlo enongh ; bnt so long as tho Washington monument 8tood in its present unfinished and dilapidated condition, a shame andreproach to every American in the oyes of overy foreizner visiting our Jand, he would never . vote 900,000, or any sum to be sunk in a show to Enrope. He then offered an amendment appropriating $300,- 000 for the completion of the " WWashington mon- ument, Mr. TRUMBULL predicted that before this Vieuna Exhibition business ended it wounld cost the United States 81,000,000, At the expiration of the morning hour the bill went over. . % G0ODS IX TOXD. Mr. CHANDLER, from_ the Committee on Commerce, roported’ an original bill, to further regulato transportation of merchandize in boud, allowing the substitution of an suthenti- cated certiticate of recoipt of the goods at a forcign port for the oath of the master or mate of the expnmmavI vessel, 23 one of the proofs now required to diecharge tho export bond. NEW BILLS. « Bills wore introduced:: - By Mr. LOGAN, sutkorizing the Secretary of War to erect & monument at Salisbury, X. C,, to the memory of the soldiers who- died in prison and are buried there. By Mr. PATTERSON, two bills for the im- rovement of the harbor and river frout of Washington, D. C. Mr. SHERMAN called-up Mr. Buckingham's bill providing for a retura to specie_payments, and addresscd the Senate pon it. He said that the resumption of R:ecio peyments was de- manded by public faith, public policy, and the spirit” of ~ our lams. Individual bard- ship was not a sufficient reason for tho violation of _ public faith* ‘or s disregard of general interests or the policy of the wholo. country. Tho.effect of specie pay- ments is greatly exaggerated as to tho porsons it will injure. Our business men are not only debtors, but they are croditors. If they aro in- jured by adding to the burden of their debts, they are benofiited by tho increased valuo of their_credits, No ono cngeged in production moroly, whether as financier or manufacturer, a mechanie, or laborer is injured, forif thonomi- nal vatue of this production is diminished, the cost. of living and all that entor into tho.” cost ~ of production is _diminish- ed in the samo degree. Experience bas shown that deprecisted money is the most 1njurious to the laboring man. It prodnces a falso standard of valuo, the offect of which is not noticed by & Iaboring man, or by s trader or merchant_oven, upon current debts, and the credit effect of & specie standard will surely be appreciable, for the nominal logs will bo dis- cousted in sdvance, or be divided during the gradusl approciation of paper money. Tho -eater burc ill fall upon debts running a ong period of time, as’ upon corporation bonds and mortgages. As to thoso in existence beforo the Legal Tender act took effect, it is but right they be paid in specie, while those contracted since havo been isaued in oxpoctancy of specia prymonts _ bofore this time, Still, whilo tho effect of a specie standard upon dobt is greatly exag, nntud?c it cannot be denied that it it is followcd by contraction of tho currency, it will cause distress and embarrassment to very many who have contracted debt on a currency basis, but this argnment of hardship will apply forever. 1f we are controlled by it we can nev- er pay our pensioners. The last time will not make it easier. Our finaucial condition is now g0 much stronger, thst we can afford to do right, and yet in such o way asto injure in the lessf possible degm? those who_contracted dobts on & currency basis. > - Again, the effect of a specie standard in pro- ducing & contraction of the currency is greatl exaggerated. A contraction of the cmun% Dot necessarily o resnlt of pecie peyments, Un- doubtedly, & contraction of currency would pro- duce specie psyments. It is the most direct road to spocie payments, and if the paper monay in circulation ia in excess of tho wants of the community, it is the only road. . Wo in 1866 and and 1867 quietly contracted tle currency by fouding over threo ‘bundred millions of dobt fof compound interest and .otber motes, .maost of which were part of the curroncy. If, in 1868, we had, 05 was_proposed in tho Sente, anthorized United States notes to be used for 5 per cent bonds at par, we would have Jong gince beon at epecie payments. The notes then could have been paid out aguin for the payment of current exponses and the pur of bon precisely a8 now, when gold is_sold for notes, and the notes applied to the purchaso of bonds. Inthis way we could have reached a specie standard the moment our 5 per_cent bonds wera worth par in gold. The sdvancing credit of the nation would have lifted our currency to par in gold precisely ss it Lfted all forms of bonds to par. Bg the rapid plf'mant of debt a3 induced by the advances in value of our notes in gold, wo can raise their value to specie standard much more readily than four sears ago. One fallacy lies at the foundation of the objections o a specie staudard, that it nocessarily compels tho withdrawal of & paper currency.- This depends entirely upon the amonnt necessary to conduct the business of the country, and the degres of public confidence in the redemption. Mr, Knox, the Comptraller of the Currency, in his last annual report, shows that in Jenuary, 1862, when specie pay- ments were suspended, the aggregate circula- tion of coinand paper was $448,671,318, or a ratio of 271 per cent of the wealth of the United States, and that the circulation in the United Btates in 1870, including United States notes, bank notes, fractional currency, and specie, was 3790, 000,000, or2.62 per cent of onr wealth, Tho ciret- lation in the United States per capila ia now less than in France and greater than in Great Brit- ain, but greater thaa in_eitker in proportion to wealth. en we consider the vast extent of our country, its rapid growth, the value of ita productions, and the genmeral mse of Paper money, it is not unreasonanle to suppose that all of it now outstanding can be maintained in circulation on & specie standard. It must be remembered that the total amount of United Btates notes is now $356,000,000. That verylarge sums must be returned by the banksza their resorve ; that large gold reserves aro now held in the Treasury; that notesare widely circulated; have the confidence of thaesmpls and can bo supported by the public credit. Under these circumatances, it is scatcely probable that any qonsiderable sum will be nresented for rodemn- tion. If presented, they can again be paid out in the course of public disbursement. BSpecie poymeat can thus bo resumed without contrao- tion of ihae currency, and with only a change of nominal values of s real standard of value the world over. Tho chief reqmaito ia that the public have assured confidence in our ability 10 maintain resumption. This is indispensable, and when it exisis, actunl redemption by pay- ment of coin is comparatively rare. This confidenco or credit can be given by either of three expedients. First—Maintenance in the Treasury of a large re- serve in con. Becond—Authority in the Secretary of the Treasury’ to gell bonds for colu to maintain redemption, ‘Tiird—To authorize an ultimate redemption either in coin or bonds, The first is subject to the objection, that it keeps idle & vest sum only needed in caseaf a - panic, when it will he insufficiont. Th socond fa sublect 1o, tha greator obloo- tion, that s the power could only bo uscd in a stringent mouey market, it will Jead to great sacrifices of public sccuritics, and sdd fucl to extinguish the panic. The third mode requires no_reserve, and jm- plies that the United States will make its finan- cial redemption in & bond go intrinsically valu- able that it will be generally at par in_gold. do ot overlook tho fact that resumption by the United States will test the strength of -the National Danks, sud prove whether or not thoy sre entitled to public confidence. Buf their presont connection with an aggrogate. eurplus fand far beyond the difference between currency and coin justifies tho conviction that they will meet the public ex-. cctation. With specio resumption the system ecomes free. The fluctuations of their cur-. reacy will bo but the healthy ebb and flow of cornmerce. ~ Redemption then will become s fact, and will check the tendency of conntry banks to employ their currency in Wall stroot speculntions. As they mny redeem in coin or in United States notes, they will havethe benefit of the alternative rodemption: provided aa to United States notes, 8o that the sacrifice of their securities_thai gomorally follows specie B ment during o panio can go no further than the payment of their bonds for their notes, par for.par, Agrin the spoecie standard will also bring gold and silver into sctual use. Tho smount now hoarded has been varioualy esti- mated, and with that deposited in the Tressury, and in circalation in Oalifornis,” cannot be less than $200,000,000. . This will probably take the place of legal tender as bank reserves, and thus add to_ the present volume of the currency. Even if apecio poyments should cause a ratire- ment in the com-funding of §50,000,000 of United Statcs notea, their place will be more than filled by the coin let loose.from it8 pre- sent banishment. I therefore conciude that the fears of evil results from s specie standard are greally exaggerated; that there will bo 10 contraction of the currency ; no disturbance’ of real values or suspension of business, but that our present United States and bank notes will pass as usnal in ordinary exchanges of life, in- crensing the valus of &ll produced here or sbroad equal to real money of the world, and with no taint of dishonorordepreciation abont it. Afr. Sherman continued at length, showing the obligations and necessity of specie pay- ‘ments, and how tho anticipated evils of resimp- tionjcan bo avoided; and said that among the in- numernble schemes groposad for resumption,. Beveral wero prncticable, but caroful considera- tion of the whole subject lead him to tho con- clusions that. the simplest and most expedient thesaute ia 5o deetace by oot tints on auit after the first day of January next, the United States will redeem its mnotes either with coin or, at option of the Secretary of the Treasury, with ita bonds of conveniont denomination, " bosring 5 per cont interest in coin. It will provide also for the possible, but not probablo, contingency that moro notea Will bo_prescnted than can be conveniently paid in coin. It ls founded upon plain_equity that wo cannot lit_emU{‘pnr{omA our promide by payment in coin. o will at Tenst give to tho pablic creditor, who holds notes of the . United Btates, o bond bearing 8 commercial yalue equal to gold.. If, then, those notes aro in excess of the wants of the poople for a currency, they will be presented for re- demption, and ought to bo redeemed. - If -not, their value will b appreciated £ gold stan<. dard, and this i8 specie payment. . The modifica- tions of the Banking act can _properiy be post- poned until a future time, when the practical effect of a specie ‘standard upon United States notes will test the ability of the banks to main- tain their notes at par with United States notes.” Whethor thoy should be relieved from maintain- ing 80 large a resarve ; whether thero. should ba ono centre of redemption, are ‘questions of practical legislation for the future. ) The moment the notes are redeemable in coin, the banking system ceases to be limited in'the numbers and the distribution of banks, and will stand like all other businees pursuits, open to all who will give the requisite security for their notes, and will obey the general law. on Fikance the following substituto for the Buckingham bill: Be it enacted, &c.; ‘That on the Ist day of January, 1874, the Secretary of tho Treasury be authorized mui required to pay on demand, &t the oflice of the Ansist- act Treasurer 1n the City of New York, toany holder of United States notes to the smount of $1,000, or any multiple thereof, in exchange for such nofes an equal amount of gold coin of the United States; or, in lien of coin, hemsy, athis option, issue in oxchange for said notes an equal amount of coupan or registered bonds of the United Btates, in such form 8s Le msy prescribe. * 2, Dunominations of $30, or of some multiple of that pum, ave redeemablo at the plessuro of the United Btstes affer ten years from the date of their iraue, and ‘bearing interest paynbls quarterly in auch coinat the rate of 5 pex centum per snnum, and the Seeretary of the Treasury may relssue United States notes 0 ro- ceivod, or, if theyaro cancelled, msy issue United Btates notes to the same amount, either to purchase or redeem the public debt, or meef current paymenta for public services, and the eald bonda and interest thereon shall be_exempt from the payment of all taxes or duties of ftho United States, as well as from taxation in any form by or under State, municipal, or local authority, and eald bonda shall have sct forlh and oxpreased npon their face tho above speciffed conditions, and shall, thelr coupons, be made payable at the Treasury of the United States. 8o, 2 That from aud afler the first day of Jaly nexty the limit of the aggregato circalatian of the Nation: Tanks now prescribed by 1aw is repesled, and all thereafter organized ahall deposit 6s_security for their circulating notes, bonds of the United States issued un- der this act, or under an act entitled “ An act to au- thorize the refunding of the National debt,” zpproved July 14,1870, S Beo. 3. That all -benking associations which shall, on and after July 1, 1874, redeem their clrculat~ ing notes at such Jocalities 54 are now, or may be bere- after, d ted Ly law, either in coin or in United tender notes, shall be exempt from the re- Qquircments under the existing Iaw 12 {o holding a ro- £erve of the lawfal money of the United States, Pro~ ided, that nothing herein contained shall authorize any Natfonal Gold established under an act en- titied ** An act to provide for the redemption of the 3 per cent temporaty Iosn certificates, and for an in- oreaso of National Bank notes,” spproved July 12, 1670, 10 redeem thelr circulating notes in Anything but gold coin of the United Blates. 8o, 4. That Section O of the sct entitled “ An ac to provide for the redemption of the 3 per cont tem- porary loan certificates, and for an increaso of Ne- tional Bank notos,"—spproved July12, 1570,—bo, and 18 beroby, ropealed. 8cc. b. That banks without circulation may be or- fanized under provisions of “ An act to provide s Na- tional currency secured by pledge of Usited Sistes ‘Dbonds,and to provide for the circulation and redemption theroof,” approved Juno 3, 1864, upon deposit with tho Treasurer of, the United Stated of not less than ten thousand dollars United " States bonds, as provided in Soction 16 of that act. sball be the duty of the Campizaller of the Currency to cause to bo examined, esch year, the plates, dic, bed-pieces, and other from which the Natloal Bank’ circulstion is printed, in whole or in part, and file in his office annuslly a Cor- rect list of the same, and such material s sball have been wsed in (he printing of tne notes of Natjomal Banks, which 870 in liquidation or have closed busi- Dess shall bo destroyed, under such regulations as shall bo prescribed by the Comptroller of the Carrency, 0d approved by the Secretary of the Treasury, et sesmaluation. and’ Gestraction the expense of #hall be paid out of any appropriation made by Con- gress for the special examination of National Banks 0d bank plates. /| The bill was ordered printed. ATOSPHERIC TELEGRAPH. The flouee bill to incorporate the Loomis Aerial Telegraph Company passed. THE LOUISIANA IMBROGLIO. Mr. MIORTON offered a resolution instructing the Committee on Privileges and Elections to inquire whether there isa legal State Govarn- ment in Louigiana, and, if so, by whom consti- tuted. Ho said he waa authorized by » majorit of the Committes to offer the resolatiun, an stated that the design of it waa to give ths Com- mittee nathority to nto the whole subject matter of investigation already commit! to them. Mr. SALISBURY offered sn amendment di- rocting the Committee, if it found no legal Gov- ernment in Louisiana, to inquiro when it ceazed %0 oxist, and whether any Federal officer, execu- tive or judicial, had anything to do with ovar- throwiug it. Loet. Mr. Morton's resolution was then adopted: THE PACIFIO RAILROADS. Onmotivn of Mr, CASSERLY, the Bocrstary HERMAN reported from the Committes aribune, NUMBER 151. of the ’l‘reunr{h was requested toinform the Benate whother the Union Pacific Railroad Com- peey and the Contral Pacific Raitroad Company ave complied with the act of July 6, 1562, re- gnixing that, after the completion of their roads, per cent of their net earnings shall be applied to the payment of tho intercst and rodemption of the principal of their bonds, and, in case of non-compliance, tho reasons therefor. MISCELLANEOTS. ‘The Committee on Post Offices and Post Roads was discharged from farther coneideration of the memorials asking that nowspapers pas freo through maila. : Mr. CARPENTER, from the Committeo on Judiciary, reported o, bill fixing the second Mon- Qay of October for the opening of the anaual seagion of tho United States Supreme Court. Passod. ‘Tho Senate sdjonrned. HOUSE. COLORADO -ADISSTON BTLL. After some unimportant business the debata oponed on the bill for the admission of Colo- rado 28 a State, and E. II. ROBERTS opposed iho measure, 2 At the expiration of the morning hour the bill went over without action, and then the Houss went wito. Committee of the Whole on - THE CONSULAR BILL. s Withont making much progreas the Committea roge at 2 o'clock and the House proceeded to tho considoration of the 3 0 KLAHAMA INDIAN. TERRITORY BILL. It was in the courso of tha debcte, that the real motives for pressing tho bill was to allow the railroad_companies to grab largs tracts of land in the Indian Territory, to whica they wouald becoma entitled as soon us the coun- try was sectionalized. Finclly, on motion of Mr. GARFIELD, the bill was laid on tho tatlo by 93to45. THE AGRICULTURAL COLLEGE DILI. . Mr. PERCE, from the Committee ou Xducation and Labor, reported back the Scnato biliamcu ing the Agricultaral College act by oxtew the time for granting the lands. . Passod. The House adjourned. NEW YORX. Miscellancous L ocal Nowrs Special Despateh to The Cicfeazs Trune, New Yor, Jan. 16.—John Graliam continnes tomake all sorts of far-fetched objoctions for the delay and muddle of Tweed's trial, but Ju!5s Davis overrules -them ali with & promptncsa that disgusts the irascible Graham. Judge Dz- vis was one of the connsel in the prosecutior: of Daniel McFarland, and wes violently sbused by Graham in public all through that trial’ Davis Tas his turn now, and hasmade Grahem guuna his teeth by deciding -that the defonce must prova that the warrants were not filled out wheon Tweod signed thom. i Btokes" friends say the phial of liquid found in his ariginal cell was a homwopathic goluiion of nux vomics, prescribed by a regular physi- cisn, and” deny ' that any poison was discovered there. The prison antliorities decline to make any statements relating to the matter. [To the Assoctated Press.) New Yonz, Jan. 16.—In an interviow yester- day ono of tlic proecating counceel in tLoStokes case said that ‘he- thought it would be very diffi- -cult to have a stay of proceedings procured, sud that there will be even groater difficultyin Lh:}grimnur being abls to secure s new trial. “The Atalanta Boat Club have clocted Ransom Packer, Jr., President for the ensuing year. The Bontd of Firo Undorwriters yesterday ap- pointed a Committeo to consider the subjcct of fires originating from suporheated steam. Commuissioner Van Buaren is sending to the Governora' officos of the several States circulars, requesting thet each Btate shall- gend to iha Vienna Expoeition samples of the matarials used ‘in common education, with clatements of the results obtained. The Prosident of the Reading Company pub- - lishes a communication to-day giving assurances that the Company has no intention of aiding any ceombination to increaso the price of coal. - Thio Ship-Owners' Associarion - is about peti- tioning Congress to ropenl the new Shipping act relative to seamen. - v ¢ 1t-is- stated that proliminaries have becn 2greed upon for o ‘rapid-transit. scheme of aa -extensive character, 1o bo carried out undor the auspices of a_consolidation of the principal railronds contering - in this city. Ata meeting of the projectors of tho enterprise, ‘ycstenh{, irectors were elected, among whom aro 8. L. f. Daclow, P. H. Watson, W.R. Travors, and other prominent gontlemen. Offi- ‘cors wero also chosen, with William Foster, Jr., for President. . In the Tweed czse, this morning, the Cours ‘heard the testimoney of ox-Deputy Comptrolicr Btorrs and ex-Anditor Lynes as to the loss of "1 the stolen vonchers, to sco whethar secondary evidence might bo admitted of their conten: 50 85 to comnect them with the defend The defence_stoutly objected to part of ti tostimony, but the Court tted i § THE WEATHER. War Department Progmonticatiosn War DrparyEst, OFFICE OF THED BiaxaL OFFICER, DIvisiox or TrELno RxPoRTs FoR THE BENEFIT 0¥ COMMER Wosterly and northerly clesr and clea weather, and a decided fall in tomperatur. Far the upper Iakes and Lake Erio to tho Gulf aud South Atlantic Coasts, northerly to weoteriy winds, low and falling’ temperature, and clear snd clearing weather. Special Despatch to The Chicago Tribuns. Maprsoy, Wis., Jan. 16.—Last night tho ac- cumulated slush of the previona twenty-four hours’ snow, rain, and thaw froze up, and tke strects and sidewalks aro cozted with ice to- dny. The railroads sro not interfered wita thereby as much as would be anticipated. The snow in tho northeastern part of tho Btatshas partly obstracted the railroads, but trains come through from St. Paul all right. —_— Railrond News. Special Despatch to The Chicago Tribune. IIL, Jan. 16, —>layor Noonan, of - this city, bas recoived a letter from a prominent citizen of Watseka, Iroquois County, annougc- ing the project of anew lineof trunk railway, to be conatructed from Clinton, Towa, to Indisn- apolis, Ind., and through to the Atlantio sea- board by the way of Cincinnati and Pittsburgh. A meotiong of tho friends of the enterpriso from various points along the line will be hold in this ity within &' fow “days, and it is propozed to have the road cross the Iilincis River at this point. A lively interest concorning the mattar is felt in this vicinity. Muscatrxg, Iows, Jan. 16.—An important do- cision was mado by Judgo Rothrock in the Dia- trict Court, to-day, dissolving an injunction heretofore granted restraining the collection of ‘| & 5 per cent tax voted to the Muscatine & Western Railrond, involving about 135.000. Tho tax will now probably be paid withont fur- ther opposition, as but a comparatively emall number of tax-payers were concorned in the Prominent officers connected with the Chi- cago & Muscatine Railroad are in consultation with our citizens to-day with & visw of gem:;% mattors in shape for the early consiruction o the rosd. River News. CrcrNNATI, Jan. 16.—It has been raining all the forenoon. The thermometer is G0 mbave. The river is 15 feet, atationary. Arrivals—iLo Ohio No. 4, from Pomeroy; the Camlia, from Tennessee’ Biver; the Anna, from Pittsburgi. The Veteran, Pierpont, B. F. Wilson, Loopzrd, Tom_ Dodswort, snd Hawkeyo No. 2, are the coal-boat arriv: . No departures. Tho riveris falling. The Sam. Hale was gold to Captain A. J. Schenck, of Vevay, Ind., for $12,000. ‘Prrresunan, Jan. 15.—The weather continues wamm. The river is riaing—ia now 7 feet 8 inches. No arrivals. The Exchange and tho Iron Mountain will depart this eveniug or to- morrow morning. Careo, I, Jan, 16—Noon.—Arrived, Frank P. Grally, Nashville.. No departures. The Ohio in clear of ice here. It has been an owin; !h;;-ndnfli;ht, and the weather is clondy an col ‘The Ohio Volcano. &Special Despatch o The Chicago Tribune, CmLLIcoTRE, 0., Jan. 16.—The mysterious subterranean fires which bave provailed nt Copperas Mountain, in the western part of thia county, for several inonths past, are said fo La #ubsai . There is to be a general scarch Instituted 2a to the cause of the burning 2s soon as the ?uund ‘becomes sufficiently cool. It ‘s thought by soma it will be discoversd thag thg Ball m‘zl Nl i aypllalo guantisi