Chicago Daily Tribune Newspaper, November 17, 1877, Page 2

T WASHINGTON, Garfield and Others Present Their Views on the Re- sumption Question, The Silver Bill Making Little Progress in the Senate Committee. New York XLobbyists Inter- viewed Regarding Their ‘Washington Visit. Many Congressmen Desire to Wait for the President's Finan- cial Views. The Army Bill Likely to Pass as It Came from the Senate. Senator Davis Mounts ITis Xobby and Charges upon the Treasury. He Is Cortain Something Is Radically ‘Wrong in That Department. 'ANTI-RESUMPTION BILL. GANFIELD'S BPEECH IN OPPOSITION. Special Dispatch to The Chicago Tridune. ‘Wasuixoron, 1. C., Nov, 10.—The debate In the House to-day upon the antl-resumption bill was much more Interestiog than that of yester- day, The most notable specch of the entire de- bato was made by Gen, Garfleld. It was beyond comparison the strongest speech made in oppo- sitlon to the bill. It was an uncompromising argument lo favor of hard money. The green- back wasa nceessity of tho War, he sald,and all who afded {n passing that act did so with a re- corded protest agalnat its dangers, Stevens In tho House, Fessenden In the Benate, and even the humblest members of both branches, were agrreed that as soon as practicable they would return to the doctrine of thelr fathers. The greenback was In the nature of A FORCED LOAN. It was forced upon the soldier, and upon all. The resumption of 1819, he clauned, was n Llessing instead of o curso to Eugland. It was the Corn law, ho sald, and not the Resumption act, that causcd the financial panicof 1824 Tho British attempted to crect a Chineso wall around their entire Island, and the agricultural fntercsts of the countryin consequence were ruined. . Gen, Garfleld declarcd that the country has made up itamind that therc s to be resump- tlon {n 1870, and {f the act is repealed now the country is to be agaln launched upon A SVA OF UNCERTAINTY, The advocates of resumptlon, ho sald, did not propose to destroy tho grecnback, but to dig- nify and glorify it. 'Thoe law was not to destroy, but reduce the volume of greenbacks to §300,- 000,000, and to make that amount convertibie into coln. The drift of his speech was that tho csseuce of the present strugslo is on tho one haud to make the greenback botter, and on the other to tnake it worse. % Gen. Gartickl declared that all the slgns of the times are favorable to resumption, Ile In- elsted that the act SHOULD NOT N MEPEALED, because, first, public falth demands that it be kenty second, beeauso the great business inter- eata of tho country demand It and third, be- cuuse the futurs prosperity of the nation re- uires it. As for himself, Gen. Garfleld declared that he would oppose tho repeal {f such nct shoutd take from hitn all the political future ever offered to an Anierlean. The House decided to meot {n evenlug scsslon for debnte, and the privileze ywus grantedyto all b{ unanimous consent to Prlnz specchostupon tha bill, . The Congresstonal ficcord. accordiogly will undoubtedly be filled for weeks with the utternuces of orators. OTURK SPEECHES, The mecting of the Houss tu-nizht was at- tended by about a quorum of the members, and lnsted until sbout mldnight. “Tho anxlety to speak on rosumption wus undhminlshed, and o lnrge nuinbor of meinbers apoko in addltion to thute who had their specches printed upon leave,, Hewltt, of New York, spoke for about hu hour, and 8 number ot uther Eastern men spoke. From the West, Cannon, of 11linols, an- pounced his inteution to vote for the repeal. He cxplalned his vota on the ground that he was not certaln that the Eliver would Lecome A Jaw, ond that he Is not fu favor of resumption in 1879, nor at any tine unless sliver is reinonetized, WITIL A BINGLE STANDARD , o did nat think that runm'puuu was practica. tle ordesirable, The fuct of a single /standard be thoutht would be to appreciate gold, and Lo @epreciate ol other commodities, He notitied the sinple-standard Fastern men that it was not for them to set a precedent of repudfation, and denounced them as gold repudiationists. ‘The New York Herald yecently hns liad some cdito- rial artleles severely arruigning all W n members and the” West generaily, Can- non reviewed these attacks, and with o good deal of vigor denounced them as belhg nn]luu to the West,'and as _having heen conserved in the intercsts of Wall street sneculators, who, he eald, control many of the great journals of the East. Cannon was satisfled that with tho re- monetlzation of sllver, aud the reception of reeubacks for customs and other dues after au, 1, 1870, and the paying of them out sgain over the counter by the (overnment, would ro- sult {u resumption without contraction. Mit. HENDEGSON, of Tliinols, sald that if, he had been a member of the Iluuse in 1875 he would not have voted for the Resumption act. While he helfeved that there could ba no real or permanent busl- ness basls without resumption, he thought it was foopportune to pass the bill when It was Ku-cd, but ws It wos the law of the land, ¢ thoughit that it would be more disastrous 1o vepeal it than to let It stand, TIIE ARMY BILL, ACTION OF THH HOUSE COMMITTEE, Bpectal Dispatch to Ths Chicado Tribune, |, Wasimixarox, . C., Nov, 16.—1he Houso Appropriation Commlittee to-tlay consldered the Benate smcndinents to the Army bill, and ugreod to ullow them except the one which pro- poscs [to Increase the urmy to 25,000 men, or ruther refuses to approve the activn of the 1Houss In reducing It to 20,000, Uver this ques- tion the House will makoa contest, and endeavor * to convinee those {n the country who are foolish enough to bellove it that the House Democrats nlone fn Congress are advocates of economy and reform g but the indications are that the Democrats will have their labor for thelr puins, as, at o private conference of the Texos mem- Lers this afternoon, they, with one cxception, AGUEED TO SUFPOLT TUX BILL us it came from the Benate. As at least halln dozen other Democrats will do the samo the Republicaus with this simall faction will proba- LIy U able to control the bill. The Texas peo- ple ure entirely suttetied with the action of the Seuate, Whichleaves with the Commander-tn- Chiel the power to command the arny which the Constitution wives bim. The Texas people 2 LLey are contident that they will receive full pratection, and for this reasol ure less incliued Lo cvincide with the Dewocratic leaders who deaire Lo reduce the unny, ‘Tue LU Wl probas bly be called up to-morrow, aad will be cither R a1 obfy hciourf tho e it Uy ¢ ODly luelber gl 4 e -Kativa who refused o agree, iR Kl TIIE BILVER BILL., HON-ACTION OF TUB SE¥ATE CONMIITEE. Swecial Diawalch (o TAs Chicage Tribune, Wasmsiaton, D. C., Nov, 16.—Toe two fafl- ures ol the Scuate Fluauce Committee to reach any coucluslon ou the 8ver Lill, aud the ad- Journwent witbout action till. Monday, has caused 8 geuvsul bellef that the bill will not be ucted ou Ly the Senate untll the regularsession, The Scuat Comwittes wet fu the worniog aud talked il toos, and then azreed Lo eet upon wdiurtinent s afterncon. No quoram vould TIIE CHICAGO TRIBUN SATURDAY, NOVEMBLR 17 be arcured, lowever, and, much to the disgust of the silver sile of the Committee, the matter went over until next week, The friends of the KEwing bitl hope to sccure a fnal yote to-mor- row night, but ft {4 likely that 1t will be carrled over 01 Monday. The Senate, In any event, will have both the Siiver bill and Resumption Repeat bill in the posseesion of fis Committee the carly partof the week. Itis bedeved that a large number of Republicans are auxious to TOSTPONE A FINAL VOTB on cither of the measures until the regular #esafon, in order that the position of the Secre- taryof the Treasury and President upon each tnay become known, and the viows of the See- retary upon the effect which the remonctizing of the silver dollar, as now proposcd by the House would have on ovur credit abroad, and also to Jearn what ho really proposes to do un- der the Resumption met ns It stands, and whether he wi ask for suny modification of the act to ald hita In reaching resumption. 1 is reported that tne Cabinet be- ean the DISCUASION OF TUE PINANCIAL QUESTION to-day, with a view to agree upon the shape which It inizht be thought best to give the message. There s quite a foree in the House that will try to prevent adjousmment unless action {s taken on the Silver bill, though the number of those Is tapldly Increasing who do nol now believe it possibie to obtaln final action cven {f this session is prolonged till It runs into the other, THE NEW YORK LOBBY. REFORTS OF THE DULLDOZING COMMITTER SANT TO OI''OSE TUB SILVER BILL, Srvcial Dispaich to The Chicago Tribune, Naw Yonrk, Nuv. 10,—The New York Com- mittee which has bieen to Washington to oppose the Bland bill returned last night. A reporter interviewed some of them. A. A, Low sakl the Committee was led to belleve the Bland bill would not pass the Senate unless some of its worst featnres were removed. Ho added: Of the Presldent's vlews we were unable to learn anything, thongh he listened cotrtcously to what we had ta mray, and nromized to Lake tho mnatter into consineration should the bill pars in any form and come Lo him for his signature,” Bland gave us to understand that his conatituents knew perfectly well what |I|e“ were_nbout, and that they pre- forred to pay thesr debts In silver rather than in wold, Morcover, ho adviscd the Commitice, as a friend, to nccept the rm posed measure, warning them, if they didnot, that by and by men wonld ba scut to Congress who would wipo ont the wholo dobt as with a sponge. 1n conclusion, Mr. Low sald the press of this city had been so outspoken, and had treated the subject a0 judiclously, that littlo had been left for the Commnitteo to do towarda explaining the wrong that the bill would {uflict on the com- mercinl {nterests of the country and the credit of the Government. i, BOUTWRLL, ex-Secretary of the Treasury, expressed o decld- cd belicf that the Senate would not pass a bilt without making some f{mportant changes. A bill to mouctiza sliver fof certaln purposes woull “doubtless be passed by Congress this winter, but not insuch shape as to make the funded delt of the nation pagable In silver, and 1 by any meaus hoth 1ouses should agree upon on act making silver legal-tender for all pur- voses, e did not bellove the President would sfgn it. ‘Tho duty of the Presidenc to his evun- try in maintaining its hounor and In protecting the Intercsts of ail viasses would not permit him to give his eauction tosuchan act, Mr, Boutwell said: 1f_the remonetization of silver cannot be pro- vented entirely, 8 stand rhoukl be made for the payment of the whole public debt and customn dutles 1n gold, Al early hond transactions wera on a gold basiw. aod nobody ever spoke of paylng thom in anylhing except old when Conaress mald the bonde” should Le redeemed in coin. That **coin ' meant old was cstablished by tho fegia. Iatlve act of iub, i, 1802, iu regard to tne flrst fssue of 5-20 bonde. 1t provided that nothing whould be received for duties except colni'all dulles were payadle {n coin, and, except for wums less than 85, these were always collected In pold, Then we set asido so much of that su taken g8 was necesanry to pay intercst on'the pablic debt and 1o form a sinking fand urlnll to 1 por cent of tho debt, which was also in gold, I nover beard o suggestion nade during thess yenrs tling wlg nhduuhl usa sllver for any of tho purposes mon- tioned, TilB IMMEDIATE RESULT OF NEMONETIZATION would appsrently bo good. A greenback s a deht. If eilver in to pay all debts, the ailver dollar will ot first riso to "tho value of the greenback. The value of silver will finuhnll du!lrccinla untll both will reach & standara below the present prico of silver. Stlvor has an intrinsic valno which paper inonoy does not posscas, and conscquently ths commercinl value of the fonmer could not be farced as low as Lhat of paper money by cxcess of produc- tion, The apparcat good offect might Iast for suy- cral years, until rome check cames then ressmp- tion would azain be a probiem, and it woald much harder to go from miver to gold than from paper to gold. There wonld he such abondance of ullyer tnat apparcntly we conld never make th substitation, We have passcd throogh all the perils of resumption: the remonetization of silver 24 & legal-tender for all debla would be llke taking a plupye in agalin. Not to resumne in Jnnunt{ when wo have reactied our present condition, would be liko Grant's running awsy after Apponiattox. Fam confident we could resnme In 1670 without nny farther legistation on the subject, All Secre- tary 8nerinan would have to de inta kecp on as he has begun, I all eivitized countries, especially England, Germuny, and France, would agrco upon & fixed volume for sliver, which ahonid bo the samo in parts al of too world, thero could te no objection (v making ita tegal-tender, 'Tho difliculty ie, that, a3 long an En- gland whl not accept it In” exchanyze, silver must necessarily be conlined to this country, and maag accumulate In such quunlll{ au 1o produce ruinous intlation, Imports wouid Iny while esporta to other countries wonld erow each your, Tho renson our bonils have not dechmed abrond on ac- count of the paswazu of tho Hland bl by tho House must be that the forcign holaers do not believe the bill will becomo a law. They liave grown some- what accustomed .to the whims of “certain Con. ressmen. but they donot yet fully realize the dan- er ot prevent fupending, £, D. BADCOCK thus summed up the result of the Committec's trip: Thy morat effect of our visit to Washington was decidedly benefielal, and from what we heard and saw it 1w only reasonablo to conclude that there {e very littla provabllity of the Bland Sityer bill passing the benate In s present shape, and it la 1nore than probable that fio silver blil can bo passed during the short period remaining for tae pr This delay will be disudvantoieor aftording opportunity for bringivg the whols sub- ject botory Luthy Huuses, with ample apportunity or_full discusslon of the miatter on fts merite, 1t Congress adjourne ina week, as 19 expecied, tho Wil cannot be passed, and this will give s de. uided advaniage for those who favor s sound cur- re; Y. Babeock referred to the speech made by Con- gressinan Bland, which he sald was [n very bad taste, and moro of a threat than an argminent. Hlis speech, ho sald, should be printed in aheet form, with his photograph on tup and his aute- Kraph at the buttom, as the best pussible argu- ment lu oppusition to his famous bill.: JOUIN A, BTEWART sald the principal object of hik visit was to se- cure protection for thy funded bonds, Ho was versonally fr favor of u single standard, but 1t wad evident that a sllverblil of seme kind would vass, uud the Committee, he held, shupld seek to seturo the best possible’ bill. Il continued: ‘The puints sought for were that the funded bands, thoss for which Govorninent actually re- celied gold, shostd be paidin gold coln, and the anue of “miiver as o logal-tender should be linted, bl 1 all tuat wa can readonably cxpect under thu elreumstances, [ favored the substitution of mlver fur the one and two-dollar legul-tenders now watetanding. iu all about $50,000,000, The coun- {ry oilght s that atwaunt very readiiy. 1o W bo tho view entortained by Shernaus such ot le iy Tiayca and \s my impresalon, Inyes toprotoect the sunded bonds, cl 1 think wonld bu slgned by biwn, sutl would work no particular bardship. As to the prospect of the Bland bill In the Benate, Stewart said: 1.do uot thiuk tie b} In (s bresent shape ean pass the Senate, and | very wuch doubt whetlier u wmajority of the Cammitiee will report favorably upon it; Senator Joucs, on thy other hand, clalus he bas forty-four volea fu the Senate ln faver of b foude bill to twenty-six aalust it Buot Sen. ators generally ssscet thle 18 ere gucss-work, Conkling, Kernan, and Bayard are decidedly op- posed 10 the remotietization of milver, and will do all fu their power o provent the pawsage of s Silver botl that does not protect the busor and credic of the Yoverameat. Somc of the Southern Scuators declure they would uot vote forthe House LU} unlvas it were siouded, Stewart ia eIy evere in Lis criticlsm of Con- gressuian Blaud’s speech ju response 1o the argu- 1wents subnitted by the vankers. NOTES AND NEWS. CULAN INDEMNITY, Bpecial Dissatch (o The chicugo Tribune. ‘Wasuinaron, b, C,, Nov. 16.—~From & com- snuuication sent to the House this alternoon it uppears that the Bpanish Govermmeut pald $77,000 as indewaity for the execution of Uen. Ryau und othier Awerlcans in Cuba Of tius sum about $40,000 bas beeu pald to clalmants, sud the balauce invested in 5 per cent bonds, A curious circumatance Isthatthe helrs of Gen.Ryan. have been unable to prove that he was an Auier- fcan citizeu,aud consequently no portivn of this mouvy Law goue to thew, TUE FAKIS EXPOIITION BILL was reported to the House to-duy, and will prohatly be called up for debste on Tuesday, There {8 already a great demand for the Co misatoncrships to be created by this bill. Cox, of New York, proposes a substitute for the bill, roducing the appropriation for tho entire Expor sition to $50,000. DRFICIENCY NILL. Among the ftems of the Deilefency bl report- ed to the House to-day ls one asking 4,000 to Ty expenses of the Commission appotnted by the President to visit Loulsianas for the expenscs of the investigation of the San Francisco Mint 825,000 are asked. For the Postal Con- gressin Paris next year, $4,000. To completo the cntire subdject of the collection and payment of hounties to colored soldicrs, £10,000. For deficiencies in Postmasters’ salaries for the laat fiscal year the enormous sum of $631,881. Thls represents a portion of the amount of the boast- ed economies of the Democerats. In the last Congress they cut down appropriations to make ashow of economy, ami are now compelled to pass deflcdencies Lo make up tho salary account. THE OLD CONTROVERSY. The Republican Senators will meet agatn In caucns at noon to-morrow to Lear the report of ahclé Committes which waited on the L'resi ent THA SENATE devoted the dayto a repetition by Senator Davts, of West Vireginfa, of his statements con- cerning what hie regards as_ discrepancies In the ‘Freasury accounts on which there was some debate, when the Senate suddenty sdjourned ‘while i was on the floor, without action. s TIE PACIFIC RAILROADS. The Senate Committee on the Judiciary will meet to-morrow at 10 o'clock to hear the state- ment of My, Huntington concerning the adjuat- inent of the Pacitic Raliroads’ obligations to the United States, It is thought that the propo- sitivns submitted by the rallroads will not Lo nceepted by Congress, BENATOR GOINON says that the polut has been passed at which any doubt can be seasonably entertained of his re-clection to the United States Senate. From the latest information recelved by him the Indl- catlops are that he will bo mmnlmoun:{ re- clected, 88 the oppositlon to himn has entircly disappeared. THRTABIEE. . Ta the TWeatern Assoctated Press, ‘Wasmsaroxs, D, C,, Nov, 18.—Tne Commit- teo on Ways and M 8 to<iny took up tho sub- Ject of revising the Tarifl and Internal Revenue laws, and referred the whole subject tu o socelal sut-commitiee, Wood, Uliatrman, and Tucker, UGibson, Banks, and Barchard, (IiL), thus rop- resenting the varions sectivnsof the country. It Is understood that this committes will report an entirely new system, both as to rates aud method of” collection different fromn any pre- sented to the present Congress, LETTRR-CARKIERS. The House Committee on Post-Offices and Post-lloads today agreed to recommend the passage of the bill providing that ail letter carriers in the free-delivery servico shall be di- vided into two classcs, nnd that the first cluas shall recolve $050, amd the second class 800 per annum. The distinction of classes Is to bo inade by Postinasters, and the appolntinents to the nlm vlass to be by promotions from the second clags, 5 THE PONCAS. . ‘The final {nterview of the delegation of Pon- cas with the Uvvernnent was held this after. noon at the Interior Department. Ou Tuesday last the Poneas were fuformed that thoy must return to Tudian_territory, but that they micht scleet better land If they do not ke their pros- cot location. This afternoon the Indians ex- pressed & resolve to do what thelr Great Father wants them Lo do, but the tenor of their speechies indicated very clearly that they will return to thelr homes with hearts beim fall of disappoint- ment, ITEMS IN TRE DEPICIENCY DILL. Of the $004,590 reporied In the House Defi- clency bill to snllgéy the judgments of the Court of Claims, 863407 is for Marshall O, Roberts and E. M. Dickerson on account of the Sloo mail contract, 31,115 to pay the expenses of tho Commission appuinted by the President to go to New Urleans, and $2, 10 pay the cxpenses of attendin the fuvestization of the affalrs of the Mint and Customn-Houso at 8an Franelsco, NOMINATIONS, ‘The President nominated Ben), F. Peixotto, of Callfornia, Consul-Genural at 8t, Petersburry Edward C. Wade, of Georgin, Collector of lu- ternal Revenue ‘Third Distriet of Georgla; Jon L. Lynel, Postmaster at Salt Lake, —— CONGRESS, + SENATE. Wasnmaror, D, C., Nov, 16.—Mr. Cameron (Wis.) introduced a blll fixing the salarics of Judges of the District Courts of the United States. Referred, - Mr. Ingails fntroduced a bill repealing the act authorizing the colnage of tho 20-cent ellver plece, Referrmd, Mr. Armstrong presented o petition from business men of Kansas Clty, Mo, in favor of an amendment to the Bankrupt law sud Its re- peal, Referred. On motfon of Mr. Togatls, it was ordercd that when the Sunate adjourn to-day 1¢ bo to meut on Monday next. Mr. Jones submitted the following: Jesolsed, That the Attorney-General and Secro- tary of the Interior bo aud are hereby directed 1o commanicata tothe Senate Instructions glsen to ayenta and Moruhals of tho Lnited States in the States of Alabama, Florlds, and Mississipp] tonching the svizure of logs, lumber, and naval stores saspected of having veen taken from pablic lunds of the Uniwd Statis, whetlier or not under the ardurs given tho said agents and Marehals lares amonuts of proporty in poseasion of citizens of the United States hold undor claim of a valid title limve ot been seized witbout warrant supporied by vath: or atirmation, snd particularly describing things 10 Le selzed. Mr, Edmunds thonght it wonld be best to refer tho resolption to the Judiclary Committ Atter o brlef discassion, the resolutlun, tion of Mr. Conkiing, amended 0 na torequest the Prosident to furntsh Informstion to the bonate, i in his opinlun It would 1ot b incompatlble with pablic interest, and, on motion of Mr. Chafle, It was further amended wo as to inclade Instractions given to ugents aud Marshals 1 ail otlier Stutes and Territorles, us well au the States named. Aw thus amended the resolution was agroed to, Mr. ‘Davis (W, Va.) colled up & resolution aubniltted by bim on tho 1sth of October vidiug for the appolutment of a special cummitieo of five Scnaore to [nquire fnto the alleged dia- crepuncies in tho books und sccounts of tho Troas. uey Departmeut. Air. Morril) submitied the following as a substi- tute for whe resolution of Mz, Davis: Resolved, That & commitleo of three be appolnt- to invesiigate the dnance runl‘ booki and accounts of the Treasury Mn nent, partic- ularly the reports from 188 Lo 1872, in- clusive, to ascertaln whether or not any a¢ discrepancles exlat, sod not any alterations dillereuces or also whelber - or in amounts or ficures have been made, and report 1ho fuctd to he Senate, and tuat sald Commiiteo whall have power to employ tenographicr sa clerk, who shall be pald out” of the Cooungent Fuud of tue Sunute vn vouch approved by the Cowmittee, ke at length, sud, {u_closing, sald all taken from officlal reports oa mo- tal irst—That differences, changes, snd slterations luvolving willivns of dnllurs hiad been made In the annual duance reporia after peing officially made to Longress. Secund—That ex-Secretary Dristow and the Pinauce Committes admitted they were wade be- tween the years 1501 and 1571 without explana- tivn #nd withiout authority, and (he reasuns for muking them uugLt W be known, 'hird~{hat the avous) dnance reports to Cone gress wubstantiuily agres up to sua locinding the year 1804, and from 1541 10 the pressot, s v the ublic debit sud expenditures and receipte of the overmuisut, but between tiess Youre: (hey diller widely. FourtA—That in 1870 the Hegister of the Treas. ury was dirccted 1o restate the pablic debt and ex- nditures from tho yesr 185 to 1870, according 0 & stateiient vent Lun feum the ¥ecrctiry's uftice, and uot according to the data or books 1u Lis oftice. FYIA—"That betwoen the yvars 1800 awi 1871 the Secretury's new (ables slaling and remodeling the pubiio debt sud expenditures of the Uovern. ment frst sppear in the dnance report, which takes these clange alterations and Jncreascs the public debt und expendliurcs more than a hundred willions of dollars, Alr, Beck subunltted the following as sn amend- meut to the substituies Aud the Comumitico msy report to the Scnale whether oFnot the public lutérest would e pro- woted by 8 division of the Treasury Departuent tuto two distiuct depariments, the duties of one of which xtull be fu pauage the collection of reve- uiew, aud 10 hold them till ordored by law tu pay theni out; end tue dutice of the uther sball be to uanaye the disbursemuut of the ruvenue collected and ield by Lhoother. 11 the Commiltes deter- wmine torecomuicnd such divislon of sald Depast- weut they way report o bill 1or that purpose. L Mr, Estoa said here wue a Commitice of tho Benute tocxamlue thy several brunches of tho Cinl Service, of which ho (Eston) wus 8 wember wal the Fenator frum New York (Conkling) wother, 'That Comnittee hid conmdered the subject of dividing the 'Lrcasury Dopartinens. Mr, Beck sald s was 0ot aware of that 1aci, and, therefore, withdrow Livamcudwent. Mr. Morrill referred o the report made in 1870 Mr, Sherwan (Ublo), Chatrman of the Senaty inance Commiitee, und by Mr, Keruan, o meme ber of tuat Comulitee, and argued thut all 1be al- Iegations b{ Bouutur Davis wero satisfuctorily ex- pialued fn that roport. ~ He (Mornifl) bad uot the silghtest objection to the fullest examination. bat there was uo use of baving s Ilu" Comuitiee with woveral clerks. Seonator Duvis blmsslf could ko to the Treasury Departutent aud bave the fullest ex- planativn wadv of auy of ull bis chiarged. There lever had been an unwarrunted alteration mudo in auy book of tue Departmcut. i made u brief ex- piunation of Lhe wavner of bookkecpluy, ete,, und wald sometlues warrauts lsued D ouc year were paid aftee tho clusw of theyeas, and Wureluse s change In the shown. vertization asked for just aa well an o targe one, and he woula not object to Senator Davis being made the Chalrman, Mr. Thurman sald this snbject was not new to him, thongh his recollection of the report sub- mitted in IR0 by hia colleague at the time (Sher- man)and the Sanator from New York waanot vivid, ‘bt he wan qaite anro it did not fully explain these alleged discrepancies, althongh hia colicague {Sherman), having becn Chairnian of the Finance Commiiteg for nrlrl{ cighteon (rnn. wan fully acqaalnted with all the fnanctal transactions of the Government. When this quention was bhefore the Senate & year or two ngw, Senator Bontwell endeavored to explain tha discrepancics, as well as vhe Charrman of the Finance Cummittee (Sher- man), but therg wan a marked diffierence In thelr explanations, Tlls matter did need explanation, a8 it had never been clearly explained, and he hoped the Investigation now asked for would be ordered. He noved to amend the resotution of Mr. Davis £0 48 (0 provide that the Cooimitice au- thoelzed by it shunld not explre with the end of the present session. Agreed fa, Mr. Dawes (Mans. Jidenied that there had been any alteration of the booke of the Treasury epartment, and argued that the whole sabject had been fully explained heretofore, Mz, Morrlll =atd as a partisan he did nol take the slighteat fnterest in this question, but he did feel that the honor of he country was somowhnt ine youlved on account of the syatem of bookkeeping, 1ie had not the slighiear spprehension that the inveatigntion wonld develop any frand 13: either Republican or Democrat, whoevee preaided over the Treasury Depariment, Mr. Hereford quioted at length from the finance reports to show that discrepancies did exist, and maid it would not do to suy they were broughtabout by defective bogkkeeping, Snch unawor might ha ratlsfactury to fomo persone, but It was not satle- factory toa larze aumner of Senntora nor to the Auerican people, i dircaeslon, Mr. Morrlll sald he expenses of that year wonld be A smali_committec coull” make the in- Dl After further woitid not oppose tho resolatton of~ Senatar Davis, iruviding he would strike out the preamble chary- ng pmlllvcl( that alierations had been made, ete, , and would fimit the force to Lo employed by the Committes to one stenographier nnd one clerk,’ 3ir. Davie Intimated he would so amend the resulution. Pending discussion, the Seuate ad- Jourued. nouse, Mr. S8wann reported a bill relative to the Paris Exposit on, It nccepts L tnvitation from France lu_sk.;- part in the "Exposition, and appropriates 0, Mr, Cox, of New York, oftered a sabstitate ap- propriating 850,000, All wera referred, Commitices wore then called upon for reporta of o private nature, Mr. Waddell reported a bill directing tho Secre- tary of the Treasury to pay in full tw mall con- teactors in the Southern Kistea (e amouts duo ufider thelr respeetive contracts for 1850, 3, and 1801 ont of the lvllmgf_l_;lllon of 370, 000 mado by Congress March i, 1877, Referred. Mr. Mills uifered a resolution directing the Mill- tary Commlitea to inquiro nto tho strengtn of the arity, how many reginionts are ciployed upon the Texn frontier, the character of the teoops em- ployed there, " tho military management of the frontier, and what additional force I8 neceannry to protect the peopls of Toxas from Muxican ratders. Mr. Danning offercd, na A substitute, n resolie tion Uirecting the Military Commiites to inquire into the sirength of the artily on the 1st of July, the 1st of Septemocr, nnd the 1st of Novembor, 1877, and luto the oxpedicney of reducing ond consolidating the army, snd giving the Committeo puwer to send for persons and papers, The Hpenker rulcd out the subwtltate, and Mr. Millw' resolation waw adapted, Mr. Singleton repurted & Deficlency bk, which he will cail up to-morrow. This bill appropriates the following itema: For the payment of judy- meuts In thy Court of Clalms, SH40,:800: for thy librury of Uonuress, 22,8003 for the Treasury Depaftment (various items), $125,0003 for the Puat-Oftica Department salaries, $iK1, (181; otner iteme, $12,600; Executive Oflice, for contlngen. clen, 83,100; Hloury of Henrescntatives (various items), $11,365: Supreme Court (printing). $15,- 5 expones of the payment of bounty monev, cte,, $10,000. ‘Potal wmuunt approvriited, §1,- aw.tr.’u. ‘The Post-UMce {tem {8 & reappropris- on.. Cansideration of the bill rolating to resumption being resuingd, the Lonea was addressed by 3ir, Hart, who om aed Iy rnl‘nxu. Mr. Gartleld spoko of the dobato as one that had Jastad [n the Anglo-Saxon world for more than two ceuturius. Haraly o phuse of it was new, hanlly Iad thory bean a proposition made on_elthee ulde that had not_been made suventy-five years ago In England, aod almost 100 years ago In the United Htates, So singularly did “tlvtory repest taclf un questions of this sort. Ilo nppeled from the ebh und flow of public opinion of to-day to the gencral Judgment of mankind on the question of crrency. e roferred (o 1860 as o year of nnlyversal and gen- eral prosperity in the Unlted States, and aald that 1t anything was then settied In publlc opinion it wus thut the only safe, trnstworthy standard of valuo was coln of aacertained “weleht and flnences, or & paper carrency convertible into coln at tho will of °the Lolder. That wae then, and had been for a long time, the unaninious oplnlon of the Awerican people, Ilere ond there there had been dreamers who lookeit upon papor mouey as the fetich of their idolatry, But ticso dreamers woro then oo fuw in number that they made no ripple un tho current of publie thought, and formed no_part of public opinion, ‘That opinlon was then the aggregate reenlt uf the vpinlons of the foremost Awericuns who ever tuought snd wrote on that subject. Noinan had «evor kat tn tha Presidential chalf and left on record any word on the subject which poke of lll’l‘{ in financo_excopt In coln or paper convertible Into coln. Noman had ever sat 1o the chalr of the Sce- .retary of the Treasury, and bLad spoken atali on the subjeet, who hiad not left on record an oplnion equaliystrong, from Ifamilton _down to the father of Ll distingulshed colleague (Ewling), and dowa 10 tho present day, 1t deonied t+ him that the neral udlu\mnnt of all who desorve to bo ' called eaders uf Aucrican thought ought to bo consid. cred In an Awmericun House of Hepresentatlves on the dlecussion of a great tople ltke this. What had luppened to produca & chango frow’tho general level of public opinfon of 1861 Every man know the history of the War, The overmastering neces- sltics of that War had Jed the men of 1Boi to do- rnrl from the doctrine of thelr fathors, But thoy ind not departed from It as o uratter of sentiment, hatasa matter of overwholming necesaity, All who voted for the Greenback law in tho ilouse and Honate had dono ac under protest, and with the declaration that, at the carlicst possible moment, 1he conntry should be bronght back to the old, safe- extabllahed doctzine vf thoe fathers, Liko the com- panfons of Ulysses, thoy had Instied themaelves to the mast of public credit, wheu thoy emovarked on the stormy and' hazardous ses of Dipor | DONSY 0 it | thoy might not be begulled by the syron songe which might oo aung to thom while they wore on the wild waves, Jut timeas wero chanzed, New men wero on deck, Only twelve years had passcd since the lvuse, with only six “dissenting votes, resolved to stand agaln by the old ways, to bring the countey to sound tnoney, And now what was fuund? A gronp of schoolman and doctrinarisne, the latterunknown twelve y 8go, wery found in favor of what they called *‘spsolute money, eclaring that a leca of paper stamped *'ons dollar was a dollar; hat gold and sllver were a part of the barbartmn of the past, which ought forever to bo abandoned; that resumiption shouid nuver tako plsce, and that thu ras of prosperity ware paper eras, Coming back to the prosperous ora of 1800, ho ssserted that, although banking was [free, thero was but $107,000, 000 J'A;IJ!H money in cire culatlon and sbout $290,000,000 "in coin. Mow much wav In circulation to-day? Seven hundred and twenty. millluns in greenbacks, fractional curroncy, and fractional sl ver, sod about 80,000,000 of coppurs,—~in all 724, 000, 000, exclusive of gold clrcutating on the He put it to the ilouse whether If, er free vauking, with no restrictions), $107,000,000 was the Himit of the posnitle cur- rency in circulatton, almost twice that amonnt was needed, and hardly cooogh, lu 1877, 1ie put bloiself jn the same category In which the gentleman from Pennsylvania (Kellcy) had viaced 1ho late Becretary of ine Treasury, ‘Huen McCul- loch. He (Kelley) had read yesterday from mn article written by that gentleman, and bad duclared that the statemeot mude fn thoss Jincs showed cither unazumpled Yrnorance or unexaimn- vled wendacity, What was that statementy 1L was that every great financlal crists 13 this country Lad been proceded by an evormous enlargement of the paper circolation. He (tiarfield) aminned Annt {hat was true, and he challenged any one 10 prove the contrary, It had becn sswuined that specie-payments would injure the debtor cluss, and would therefore help the rich, He dented that rupoaition in toto. - He afinaed tha the vast wae ority of the creditors of the cuuntry were poor inen, snd that the vast majarity of th belonged to the rich clasécs, * [a the Grag poor wman had ta borrow woucy, and, in ond lace, it wus the laboring man Who placed hix sur- plus money insavinge-banks, and it was the rich aan who borrowed frum the suvings-banks, Thua did the voor lend tu she rich. 1o the name of the Juboring man, therefure, he denounced the attempt 1o repea) the Hesunption act. 1 It were repealed the country would be plunged into the neeesdity of eailing over the same tempeatuuus withi' an uncerialn resuit, 1f it were repealed, and no sub- stitute made for it, the duy would not be far distant, when Congress would louk bick from the deptha and horrors of the evils which would surround tho country 10 the present thine, und ‘would earnestly regret tho day when the Ktesump- tion act was Fepealo: He “did not undersalue greenbucky, bul, when the gentleman from Peone sylvania (Helley) Lalked about grecnbacka putting lown tho Reocllion,if be (Uartold) had been on the other side of the louse be would have sald, *+0h o, Judge; wo had 8 more 1ieral supply of that kind of money than you had, money than yourson your own urincipl 10 b redocwud alx years aftor the fo ‘! g the Confederate Blates, yet that did wot put youdown." {Laughter.] Ile did not think that wenticmen who kuew the tnancial policy of the Confederacy would join with the gentleman from Pennaylvanis i his culogium of the greenback. ‘Thy strogyle now ponding In the Houss was on the one byid Lo wake tho grecuback better, and on tngother 10 make It woras, In tbe uawe of every man whu wunted his owu when bo earned ff, bLe (Gariield) demaudod that Congress should not miske tho earued wages of the poor wan to shrivel and wbrink awsy, bul that the ¢recnback vhould be madu better unb] the plowholder's money should ba 84 goud as the bandlolder's money. the ura of pacifcation. Tue Blates were equal before tho la money vqual before the 60 that the wolte of the country wight be, ** Equal States, vqual men, wqual dollrs,'” aod complete pacification would ba aculeved. Toe eleinculs were all uow in . ln’iorn olu reeuusption. = 1'n+. - ort v 0 Becretary ol o Tressury ;uwnhy shuwed that bu had $68,000,000 of coin unpledged for any uther purpose, walting asa re- wcrve for the day of resumption, aud that he was addlug to_that stock st iha rale of $3,000,000 & el The balance of trude was 1o favor of this Be ‘I'bls was clttzeus Let Congress make H £, 1877-TWLLVE PAGES, 54 country to the extent of nearly 82 year, Exchange was flowing this way, ¥este had heen bounteans. The nation was Awnkening to now enterprisea: husiness was every. whare reviving, ‘There was no danger except from the Congressof the United States. There waa the storm-centte, thera the pointof peril, If that voint conlid bn passed, and the act now threatencd avolded, the country would be safe and resump- tion completed. ile referred to the fact that twn years ago his colleague (Ewling). it 8 discassion with Gen. Woodford, had predicted that the pllvee cnrrency then %;fl oncd to he tsaned wonld be Immediately sbuorbed and withdrawn from circnlation, 8o his colleague thonght now that gotd cain would be ab. sorhed and withdrawn from clrcalation., Mr E\\'ln;i‘cxpllmul that when ho ‘made that statement the countcy was not aware of the ras- cally nct demonctizing silvor, and sllver was then 8t n hiph premium over the groeahack, Mr. Uarficld sugested that (he tronble abont the explanatlon was that siiver coin was of 12 por cent Tesn valte than vld sllver, 8o that thero nover was the alightest dunierof its helng bougnt up for nilver.” ‘Tho gentleman (Kwing) thonght that there wae _somo danger about gold, but i an Eastern farmer, temoving ta the \Veat, wold his farm for 810,000, e wan likely to load nimeelf with 40 ponndaweliht of zolil or 610 ponnils weight of silver. Would ho not rather take his by in ten 1,000 bills, and carey JE\Went In that convenlent form? In conclusion, he said the moment yonr green- back is equal 1o gald It is better than gold, for it Is more convenient, and as longas the rmple dealro it to be in elrcolation, ro Jong it will be untll the busincss of the country demtands Ita removal, _1f sy of the amendments pronose to make the Re- """;flm" nct more snfa, invre cortain, more carefnl of the Inlerests of tho countey. I shall cheerfaiiy Join in voting for it; but anytiting that takes hack the promise, anythine that gives upwhat we have. sainod, anything that sots usafloat azaln on the wild waves frons which wo have nenrly escaped, [ hall oppoxe it it shonld_cost mo ali tho political fnture that can be offered to any Ameelcan, [tieneral applausa on the Republican side of the Chamber, Mr, Buckner ndvocated the passage of the hill for the repeal of the Resnmptlon act, In conclne ston, ho makd that whatever others might do, or whatever micht be the action of the other Depatte ments of the Government, the duty of the Honse ua the Immediate represcniatives of the peoplowas Noone shauld be deluded Into the support riendments offered. They shonld all bo w1, Thiut would insure the paseage of tho It biad been eand that tals Jestalatinn theent. bill. encil tha peaco of the countey, The leginlation al- resdy exixting, and which thu bill propased 10 re- neal; hud bedewed the strects of Amenicsn cities with the bloud of the people, and it wax his solemn conviction that i it ‘were persiated in the whole soclnl fadric of the conatry would be stricken to its foundation, At the close of Mr. Duckner's speech the ques- tfon of the ovening scesion came ups, And several propeAitions were auggesied for the projoneation of the timo allowed for debate. In the course of the disca<sion the Mpenker stated that the oper- ation of the resolution adopted on the subject was that at the cluse of the debate the previons ques. tion wonld bo considered as seconded: that then, . 1f the Houso refuseil to onder the maln quention, it would throw the LIl haek and steip it of ali past agreements, The whole malter, however, was in the contrul of the majority of the Honse, ‘The House then took a recess till haif-past 7, the munmz!efilofl to be exclumvely for debate on the EVENING SESSION, ‘When the Ionse axeembled after the recers thero were not more than a dozon members prosent. Mr, Henderson oppored repealing the bill, Mr. Townshend favored ft. Mr. Muldrow thought the Resumption blii shonld he repealed. e warned legialators to llaten to the valeoof the people, which calied for the ropeal of that nct before the peu'llnh rose in their manhood, and nttered that cry which lisd been heand in other lands, the cry of *‘Liberty!” and sweop from power forever the projectora of the wrong, « Mr. Wright favored “repealing the lxllk 1t was more a questlon of creed than currency, Should it bio salil that Wall streot wan to eatnblish public rale with regard to currency, onid azricultore and maunitfacturini pursuits were to count for nanght? By the living tiod, Wall street should not be his laader. e would etand on the alde of tho masses, Mesara, Crittenden and Ilorbore advocated the repeal of the Resumption act, iz, Cannon wns in favor of resumption fn 1870, provided the double-standard systemn wers adopte ed, lie sent tothe Clerk’s desk and Lad read a }mmumph from the Now York Jlerald, which ro- erred to Wenstern Hepresentatives as a fanatical and Iunatic act of sllver ropudiationists, Ho was sorry that & portion of the metropulitan press was controtled h‘V Wall streef, Ilc had been told that if he referred to the matter in the llouse, the Jerald, beine 8 mlghl{ paper, wonld unmake ham, bot ho was not sirall uf it Goa a\lmlfllfli lind mada himn, and the New York Zerald coul not unmake him.__[Laughter. | Mr, Hewitt (N, Y.) rald he had prepared a speech upon tho bill before the House, bat the gentle- msn from Ohlo (Garfleld) had traversed almost the samo grouad which he (Howltt) bad intended to toke, Ho concutred fally In what the gentleman Lind sald In rogard to thoe present mtuation, and :l(h‘ rv‘mlm “tn the 1 no:cnn’v of adh{lflm; rmly to the polic of resumption. e i aiffered from ’lhn hmmnp l'l.ll ono or two ruspects, mainly his: that he dis. ecnted from tho doctrine that the grecnback could e belleved that when a debt vald forevor, and a Tcunuck oncu canceled could not be relusned. It seomed now 85 (hough the Uovernment could resumo specio vayment on dJan. 1, 1870, but that ra. Rult was not due fo tho passagn of the Resumption act. That act hod notcontribited an fota towards resumption. 1e had been told that he was s bondholder nnd representstive of the money intercst of .tho country, Perdonslly he owned no bonds, and his disteict was inbabited malnly by Jaboring men, Hehada lArlxKvn capltal tevery dollar of which hi hax made by ‘hls own diligence) engaged in blsing 1is Bruy employed ] 3.000 Poraons, and cvery year since 1873 tho catabiluh- nient had been run at o loss, It was, therofore, to hils interest to ndvocate a financial policy which ‘would bo of benefit to the whole country, and that olicy waa tho policy of rosumption, e believed t to” be perfoctly legsl to remonetize the sil- ver dollar snd’ pay ft, but It thy woret possiblo policy, the woret posslblo binnder, becauso it destroyed the faith of the cap- italists in Awerlcan credif, That wae the ditiicul- I In conclusion he aald: 1f wo Elnnl oursclves on the rock of honor, 1 sea before the country such a future has nover' been rocorded in tha Llstory of mun, The danger which 1 see is that, in the hupe of tempurary relief, an anodyne which may in the end he too much for us, and that wo may perish instead of achieving that health which we all desire. 1 stand sppalled at the prospect which 1 see before me if these bwo billu—tho Sllver bill and Auntl-Hesump- tlon blll—should becon wa, Our snfferings aro nothing to what will comnanafter tho passage of theao acts. Every dollar of movable capital will quit tho country. The debtors who expect that it will F wo may (ake raise the peico of thelr propurty wiil find that there will bo aothing to buy it with, and that ralues will tall, and thie creditors wiil taku tue rost of thoir funds w‘ill g0 to some clime where thelr property ba respected. 1 am clear and @ ccriain Lut ope result can follow from these ticas- nnd that that result will be ruln.-—ruin in re- ruln tn charscter, snd ultimatoly ruin in tlonal frecdom. UOther lxla:lu.‘l wers mado by Messts, Keifer, Dunnell, Bampson, and Loring sgainst the repeal of the lfcaumption sct, Adjourued, ANOTIER CRASH. Three Bavings Bauks in Reading Clovs Thelr Doors Slunltaneously~Desperation of the Dopositars—Yan Francisco Also, Bvectal Dispateh to The CAledgo Tridune, Reapixo, Pa., Nov. 16.—Tue most intcnee excitement was created in this city this after- noon by the following notice, which was posted ou the duors of the Reading Buvings Bank, the ("(Mfi" fustitution of the kind in the Benuylkift ulley, Thy Reading Savings Bank fa closed. A state- ment will be miade as soop os it can be prepared. Thu arss it belloved, will rn’ ui) fts drablhi- tied, s of the bauk will immediutely be turned oyer to tesponsible partive fn trust for the creditors, Tmwmediately after tbis aunouncement, the street In frout of tho bonk was crowded with an excited maas of people, most of thein belng depositors In sums ranzing from $100 to $35,- 000, Sherl® Yorgey baving the latter amount depoulted, and each one hiad an oplulon to give - In reference to the closing of the concern. Thes Keading Bavings Bauk was (ncorporated fo 1555 with an authorized capltal of $100,000. Acconling to thelr charter, tho assets of the vank and the individusl proporty of tho stock- boldors aro Mable for the payment of deposits, The oflicers of the bsuk are A, F, Boas, President, who {a alio Presldent of.tle First Notloual Bank, which s fn the same bullding; K. P. DBuss, Cashior; with 8 Board of Dircetors composed of some of tue most promluent business men of the clty, The wiwsount of deposits in the bank Is between §1,000,000 and £2,000,000 and it $alls very heavy upou the poorer cluss of the comuunity, they nuviug used that bank almost entirely for their deposits. The different bullding sssoclations of the city also suffer heuvhy. The excitement of the people waas greatly lucreased when the well- kuown buuking-house of Bushony & Bro. post- ed on the dours of thelr bunk 3 notlce that they also hu closed. Tlis ba ed © the coutldence of the .l after this sunouncement out ¢ snuther At the duors of the Dime Bavings Baok of Boy- era & Bellers, statiug the fuct tout they bad wso closed thelr dours, sud would prepare a state- ment s %oon as possible. The causs of those suspensions Is supposed to be that they bave in- vested largely 1o sccurities upou which they cuuld not reaiize, and the general sheinksge of values. Urcat crowds of W“l;h’ aze congregut- ed around tue different bauks, discussing the situstion, aud threats of vivlence asre freely made sgalnst those whow they secuse of swin- diipg them out of their wolcy, but as yet o vivleut weasurea have beeu resorted to, but to-worrow way brivg trouble. Onr clizens arc trying to keep down the = excltement to the best of thelr avllity, The annonncement s made that the assets of all the banka will cover the labilities, but this s doubtful. Every savings bank In thisclty fa now claced, Their linbilitles will amount Lo aver $2,000.000. To the Wertern 8AN Fanxcisco, Nov. he Collateral Loan and Savings Tank was placed [n the hands of & Receiver to-day. It was n small nfair, having about 100 depositors. The depouits, amounting to some $21,000, have been *'ab- sorbed " by the manager, John Tyler, who scema to have been virtually the bank, Tle has also swindied a number of “brokers in amounts aggregating about £05,000 on stock transace tions. e was arreated to-dny and locked up. CLBVELAND, O., Nov, 18.—S3tall & Guenther, pleture frame denlers, assiyned to<lay for the beneflt of thelr creditor Y RAILROADS. TIE GRAND TRUNK, ‘The semi-annual report of the Urand Trunk Rallway of Canada has just been made publie. Tho Toronto Glebs has this to say of the docu- ment: It in not enrprising that the recelnta far the six months of 1877 should be less than thoee of 1K7G for the samd period. The figures stan 10ciated Press. Decreaso In 1877, o £ 73,078 But then thera has heen a very declded saving In warking exponses, the respective accounts under thia head stunding on followa: Working expenar, aix munthd, 1877, Working expenscs, six montis, 1570, Decreaso tn expenses.. ‘The rcault s that, while ihe percentago of ex- Penues to receipts (h 1671 waa 78,14 er cant. in 877 It ¥as 07, 23 per cent, “Ilie proportion i sull bigh, but shows a marked diminntion ne compared wilh the retnena of formor years, Thd reductlon in 1837, howover, In all the more atisfactury when IU1s noticed that, although the recelpls lisvo licen lower, the freight traflic hina actually increas- 877 the Grand Trunk carcicd fn_six , 878 tous of freluht, and in 1870 it carrled 1,042,022 tons, the average roceipts boini 11 ehillings and # pence per ton In tue latter aw compared_with L2 slullings aud X pence 'in the former. The net income stunds as follows: Gross recelpta for half year. Working expensca, Ket Income. Taymenta for i i s and debenture tinl chiarges, Dalanco earriod forwant. 701 In transactionn o oxtensive as thoso of which this balanco 18 tho outcome the amount fe smali cnough, and covers a margin that Iflflfi very cantly ho wiped out altogother, 1L has oven boeu asscrted by somo critica that tho reault hins only been at- tained by too liberally cntting down cxpenditira on malntenance and Fenowain chargeablo to foves nue, Thin fs no doubl a subject o which wo shall find expianations have boen soueht at tho haif- yearly ineeting, of which tho report has yet to reach s, For maintenace the expanditure in the half year was £51, 100, and for rencwals £220,71%, making a total of £77,878, Althougn tho reducs tion under thia hend ix constderabla as compared with the corrosponding period In 1870, it 1s not owing exclusively to o less imount of work bei accamplishied, tho diminiahed cust of labor an materluls baving told favarably wpon this hrancl of outiny, THE BALTIMORE & OIIO, ‘The regular monthly mecting of the Directors of the Bultimore & Ohlu Rallrond Company wns hold in Baltimore a fow days ago, at which the anuual report of Presldent Qarrett was rend and adopted. The ducument {s withheld from any one except the Dircctora until the annual mecting of the stockholders, which is called for next Monday., From statements made by per- suns present at the mecting, it is learned “that, besides the statement of tunnage, revenues, and expenditures, which Is deemed eatlsfactory, the L nd wll other things aro consldered.” The President gives at lenth an able reviow of the circumstances and ellects of the striko and an Jmportant detalled statemont of the relation of the road now aud for soune years In the past with tie Marlctta & Clucinnatl” Rallroud. “The latter matter is drawn out by o recent meetin, of bond and stock holders of tho Marletia Road disconteuted with = tho clreumstances ot~ tending the sale of ita securitles and the subscquent appolntment ns Recelver of Jon Kiug, Jr. The anuumnl 18 considered o strong one for the Baltimore & Oblo maungement. Bome months ago conald- crablo fecling was roported in somne papers as having been developed agalust tho mavazement of Gurrett and King, and 1t was said that Keyser would be Gurrett’s successor. The indicatious are that the old Board snd oflicers will be re- elected on Monday, ITEMS, The managers of tho Lake 8hore & Michigan Southern Rallroad aro consideriug the advisa- biity of putting dining-cars on thelr lne simi- lar to those now In use on the Michigan Cen- tral, Chicago, Burllugton & Quincy, Chicago, Ttock ITsland & Tacifle, and other ronde. The dlutng-cars have proved o success far beyond thie most sanguino expectations, and there can bo no doubt that befors Jong they will have to bo run on all the roada, * H. W. Wentwortls, General Ticket aud Pas- sengrer Agent of the Michigan Central Rallrond, returned from Buffalo yesterday, whera hio took part in the mcetiog which was held there a few days ago to deelde on a more satisfactory divis- lun of passonger rates among tho varlous Enat- ern roads. Mr. Wentworth says an arrange- ment hus been mude which 1 satisfactory 1o all tho roads. A alight accident occurred on the Chlcuin, Burlurn‘;finn & tiulncy Railtond, near Riverdale, yesterduy mornlug, ~An axle of one of the cars of a freleht train became overheated and broke, This oceurred about 1,000 feet from the bridge over a littlo stream koown as Salt River, to which tho car was dragged, tearfug up thy ralls and their supports. It took sbout an hour to repair the dumage, ‘e Land Devartment of tho Missour), Kan- 803 & ‘T'oxas Raflroad has sold during the month uf October, 1877, 10,000 acres of laud, CANADIAR NEWS. Opposition to the New Lleutenant-Governor of Maniioba=The Stock of Caoadlun Lum- ber—Efforts to Adjust the Oka Indian Ditficulty, Bpecial Disvateh to The Chlcago Tridune, Winswrza, Manitobs, Nov. 10.—3Much dissat- {sfaction s expresscd amougst the English- speaking population throughont the province ot the appoiutinent of the Hon, Juseph Cauction to the Lieutenant-Governorship of Manitoba. Uoy, Cauchon s o Freuch Cavadlan ond a Catholic, and his appolutment, aithough ob- noxious to maay of the Euglish, has the approy- al aud support of the Freuchand balf-breed element. The objection to Mr. Cauchon are, perhaps, not so much on account of his natlonal- ity and creed as on account of bis alleged politi cal misdeeds while a Cavadisy politicun, The Fres Pras, the priucival paper ln the province, has a violent article on the subject. It saya: Cauchou’s appolntment Is unacvepta- ble, and exceedlngly offensive to the tnajority of the population; that it is an insult to Iotro- duce into. Manitoba this odividusl uuchatued and ummnuzzied, with tecth undrawn and claws uucut, to establish himeelf as an exasmple of how the Canadian Government is disposed to honor the most notorious politician in the Do- miolon. The appolutwent is an outrage on the country, the people, and tho Quecn.” It groes ous *'Though we cannot dispute the fact that theoretically 8 Lieutenaut-Goveruor may coustitutionally be powerless, all those who are acquainted with the first years of Mani- toba know what a wyth Is this conception. They kuow by the lght of experieuce that It is possible for, a Lieutcnant-Uovernor iu @ province like Mayitoba to becomo practieal- ,I.‘v Dlctator, What lus beea done ouce way be one again, sud, with tho pussiblity of its belue dune, we kuow of no mau who would be more apt 1o avaul hlmself of the opportunity for cor- rupt Intrigue than Mr. Csuchon, \We have ale in past times scen the noses of Engliah- tug people of this province held to the rench grindsione, and thot's sufticlent in itsell to inspire us with resolution to resist by autlei- patiou suy attempt to repeat It Bectionul Jealousy hus been aroused, aud the fecliug runs bigh. "It ls not, Lhowever, appre- hended that thers will be any serious oppusition L the Lieutenant-Goversor's cotrancs into Manitoba, but thas he will bo quietly fastalicd {uto ollive when ho arrives Lero without any dis turbancy. Mr. Csuchon leaves Ottawa for the North- west ou Friday, the 17tl fust., and will rewaln acouple of days lu Chicago. Suectul DLpalch 1o The Chlcagn Tribune, Otrawa, Out., Nov. 16.—An approximate es- thwate of the sawu lumber vuw ou here uud fu this ucizhborhood places the amount ot about oue-third less than at this tune last year. Bowe wilers Luve wot wero thao half tho umoutt of stock on hand that they bud lust wioter. Qu the lue of the Canada Central bt s valoulated that tha stock €s about 22,000,000 feet Russ than last seasun. The reduction Lus bewu o £ 00, 4d1 L8, 1P i 0T e eauscd by millers having ¢ uqflm ¥ g reduced \here opery iere I8 every prospect dimeutty. botween e e nnd the Beminary will settied to the autlafaction of ] pari U2 deputation conslsting of thio Hom. damrs . A and Ald. Nelson, of Montreal, g "chhCrire £eph, lave b an Intervlew sl the Jloo, 3o 3, Mintater "of ‘the. Intertur, and qre 1 tho matter at length: the remut of i o thal the case will be Teft In the fands 4" Government, to be dealt with as {1 maay toilS best. ‘The solution favored by the Gayesen ik Is the relinquishment on '{lm art ul““ Indlans of | their allogel " iy qon, 10 rignts In Oka, and thelr remova) otcd new rescevation, In Manitobn or Keewatn, -’n,l Jand at Oka 18 not partleularly good, theny e tunities for hunting and lishirg are nil ey Tr aid the autagonism betieen the Protonalys dians and thelr Catholle neightiors nurt sy be disagreeable. The Government plan |y (he anly oo it Witk effectually put. an oo 1y 10 irrepreasiblo conflict. It i8 understood the 8, o inary nuthoritics are prepared to give “Mm- suin to cover the expensc ot removal and cm“l: lshing tho Indiaus In a new home; whily the Qovernment s ready to grant o reserve of hlfi sufliciently extenslve to meet all Tegitimat, wants of the Tndians, and to aford thom 5 pas ter opportunity than they now have of Kectiring thie comfosts and privilees of clvilized life, 2 The Indians of Oka numbet 500 famiiies: and the probabilities nre, that next apring this o soltlmy will Immigrate to tho Northwest Ter orles, 3 Spectal Dispated o TA Chiean Tethuns, TonoxTto, Nov, 16.—~Investization ln‘l’:n ITeauily practiced b’ students at achool-teachurs' exam. fuatfons having revenled tha Tact that eyam: ination-papers were syatematically sold 10 cane didates, prior 1o examination, by dislioncst lmruuu Inthe employ of the printing-housy of lunter, Rose & Co, the Government hay y Bu““m acontidentin] printer to the Educatlyn eparbment, who witl be under the sup T¥ision of the Court, and from whom heavy bonds have St T PR O Snecial janarch to The CAlenan Tribune, MoxTngat, Nov, 16.—Notidinga hnr:‘";eumm heard of the steamahio Thatacs, now twenty. four days out from England, The prellminary examinatlon commencea to- day into the charze of forerery of o medleat cer- titfento agalnst Dr. Fenwick, of Montreal, ang Dr. Worthington, of 8lierbrooke, two prominent physicians, The case Is exeiting great interest mnm:g the medical profession throughout the provinee, Speclal Dispalch to TAe Chlcago Tyibuns, Havieax, Nov. 16.—The Fishing Commission rensscmbled yestoraay, when the closing argu. ments_on bebalf of Groat Britaln commence), Tho Uon, Sr. Whitewny, of Newloundlany, veenpled ;cuterdn( in addressing Lhe Counnis rloners. To-day Mr. Jnucrh Dontre, of Mon. treal,* spoke, nnd will fuish Monday, 8, R Thopsot, of New Hrunswick, will protiably oc. cuny Tuesday and Wednesday, when the nintwy will bo loft in tho hands of the Commissiouers for declstons e —— SITTING BULEL, ,Alis Comments on tho Oustor Masacrs, NEW Yonk, Nov. 10.—8itting Bull tas heen talking with o correspondent, and ‘telling the ptory ‘of **the Custer muasacre.” ile says: “Tho fight was hell. A thousand devils—this rquaws—were like fiylug birds; the bLullets llke humming-bees. We the the Okn I:'fl!:r‘; thought wa wero whipped; pot .nt first, but by and by. Afterward no. Ycur peoplo werg killed, Itellno lfos ahout dead wmen. Theso nen who came with tho Loug alr (Custer) wero as good men as ever fought. When they rode up thelr horses wero tired and thoy wore tred, Wihen they got oft thelr horses they could not stund firmly on their feet. They swayod to aud Iro, 80 iny young men have told me, Hko linbs of cypresses In n great wind, Some of them staggered under the welght of thelr guns, but thoy began to fight at once. But by this time our camps wore aroused, and there were plonty of wacriors to meet thom. They fired with needleguns. W replied with maga- zine-guns,—repeating-rifies.” Sittlng Bull (1. Tustrated by nnluufi his palms together the rapldity of a fuslinde, . “Our “yulmg men rajned “lead neross the river, aod drove the white braves back, and then rushed across them- #clves: and then they Zouud that they hads deal_to do. The trouble was with the soldiers. Thoy wero 5o exhausted, and ther horses botbiered them o much, theg could not take good afm. Bume of thelr horses broke awsy from them, and left themn to stand and drop awd dle. All the men fell back, flghting aud dropping. ‘They could not firo fast enough though. Taey kept In vretty goodorder. Tuey would fall backacross a ceulle, and make o fresh stand beyond, on lfzhior ground, There were o great many brave men in that fight, und from thng to time, while it was golug on, they wereshot down hike ples, They could not help thomaelyes. Onu of the olllcers fell where the lust fight took place, where the lust stand was made, The Loug lair stood Itk a sheaf of corn with all the cas fal- len around him,!? * Not wouuded 1" “No." & Iow many stood by him1? A few," * When did he fall 1! . d~;'u kilied a wan when he fell. 1o laugh- ed, ' You mean ha cried out?"! * Noj ho saughed. He had fired hls last shot,” ; 4 From a carbinot” “ Nos a pistol,” 4 Did he staud up after ho tirst felli*!] * Ilo roso up on uis bands aud tried another shiot, but his pistol would pob go off." **\Was uny one vlso standing up when ho fell down{™ “ One man was knecling—that wasall but he died betore the Long Hatr,” Sitting Bull says there were only squaws, old men, aud little cuildren In front of Iteno, keep: ing il 1n bis strong position on the bluff, sod preveutivg him glving ald to Custer, - ee—— TRIZE-FIGHT. Two Pugitists Brulsing Xach Otlior for sa Hour—The Fight Doclured a Draw. New York Sun, Nov, 15. A few wecks ago a number of prominent Wall-street brakers, in order to test the pugii tie skill of Prof. Wllliam C. McClellan,offered to subscribe a $500 purse it be would mcet Harry Hicken, of Phlladelphla, Tho match was ar- rauged to take place last night, and with such secrecy that the authorities failed to learn suy- thing about it, The two pugiliats met Ins prt yste roum. The sfalr was conducted with tho utmost decorum, and the sudicnce was vomposed of several young nen belonzing to the wealthicat and twost nflucutial faunllcs of the clty, A rlog was formed at a late hour, aud, all the preluninarics boving been arruuged, the two contestants appeared in full ring costume, thelr Lauds belug covered with lght boxivg-gloves, In order to evade the taw. Harry Uicken is 8 noted Kniclish pugdlist, und brotiicr w the fa- motis Abe Hickeu, who fought scveral Lattles heso for the light-weight champlouship. He fought Campbell some years wizo ut Pltladel- phls. Hu stands five feet tou fuches, aud weighs 4 pounds, Lrof, McClellan hias also tigured In nuwerous toye coutests, and recently defeated Dolo 8% New Laven, aud Murray, of Philadelblis, aud made a draw with Llly Hlwards. Both men lmd tralned and wero in good yon‘i dition, McClellan Was sccouded by 8 frich and [illy Edwards, Hicken was seconded by the Ploladeiubta pugilist, Michuel Cleary, \\!m fuught Walker befors bo was kifled by Weeden, and by Arthue Chatuburs, A profesior of athe lctics, well kuown In this vity, was reteree, & ‘Alter the usual formulities {io pugilistsshiov bands, and the fght began, From Lhe ""fi McClellan wok the lead in the #gbting, whh‘ was terrible, I guued frst blood and l.lrll knock-dowo, and “punpished Hicken “"‘N‘ ¥ ‘The latter, howerer, uuuvl{ faced the New York pugilist and uscd ull bis scicnce 1o “’J off the territic blows of bis oppoent. Rouu :lllzrlmlun:l tlvu fought, all of which were Ub cCleilau's Lavor, After they had been fghtlne balf au nfz!ir both men were battered und braised, npmmlv Hicken, Arthur Chambers did all he could _x: make Hicken rush the fguting, but McClellan terriic blows were too wuuch for luu-:; Hicken ‘»lnuted me hara blou;;h i:’ Y McClellon’s face fh the last roul : the contest, but It was plain thal bo was 0¥l matehed. er tighting forty-oive _mluulfi both weo were used up. It bad been mutuslty ugreed that the men should figut only vne l'mlu-l:I AL the edpiration of toat e, mauy o b spectators boug disguated with the n_rul alluir, the refervo decl tho voutest & draws e e———— TELEGRAPHIC NOTES. Special Dispalch fo The Chicago Tribunee, JoLizr, ik, Nov. 16.—Thu cases cf the B wood miluers agaiust the Chicago, wu:nlnz::: & Verwillion Coal Cowpavy, several m-lm‘l‘“Il fu pumber, which were distissed In the x‘ County Cireuit Court because of not-paymiett of eertaln costs by the Company, bave beeo ap » 1l of aled to the Appeltate Court, and the Ul Prevptions and bunds In each cisc approved I