Chicago Daily Tribune Newspaper, January 30, 1881, Page 2

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

i 4 i F 3 3 3 i Ed i i .. ifreported. in the bill originally from the . should vote against the Edmunds amend " authority, such - recognizing it. I do not know this claimant. - possibly, of levying bladkmail. “I have no *whether, . there being mo possible way for preserving the open view this irrevocable ' dedication should . mot .should adopt the dog-in-the-manger policy, -of the uise for a riilroad depot he considered -shoestring ‘and taking out’a. tanvard, as -characterized -. in speculation. - That is what .- the . Valentine - people - seek to de” He did -not think -it right -tend anywhere to give a value to this so- (3] THE CHICAGO TRIBUNE: SUNDAY, JANUARY 30, 1881—EIGHTEEN PAGES. ants as attempting to gobble with S50 worth of serip property worth $5,000,000, and said that he did not provose, by his vote on that. amenduient, to aid in any business of that sort. ¢ Edmunds reiterated his statenient that pri- vate rights ought to be protected. MIt. CONKLING THEN TOOK THE FLOOR, and said that he wished to explain why he ent. * The words *rights, if any,”” he said, as suzgested in the amendment, baveal- ways been dear since they were incorporated in the so-calied Electoral bill. The words, Cowmittee, might not have been objcczio.u- able, but to incorporate them in the billin ‘consequence of the protest frofu the T’:\Icl_r tine serip people, was to beavoided.. This being the case, the question is whether the Senate snhall give to that claim.such efficacy in’law, or for any ‘other purpose, as will come from the adoption of an amendment in some way 1 have no right to characterize his claim, but 1 do know that the United States Supreme Court in a similar case, the decision of which was PENNED BY DAVID DAVIS, has denounced {t.” That decision he te- sbected. The insertion of the words pro- posed by. Mr. Edmunds, Mr. Conkling thought, might be useful in the hands of speculators, and, if it were in any other city than Chicago, lie might say in’ the hands of strikers. The words:- gave the claim a consideration which it did not merit, and izt be used as the means of ex- torting money, of driving 2 bargain, and, right 1o characterize his claim, or to dis- varage it,’, said Mr. Conkling, “but when I See that this blll leaves it in statu_quo, I ob- Ject to the adoption of an. amendment, evi- dently for its benefit, put in special words, which, in some other form, may Le used as an instrument, possibly, to drive some Buard of Directors, or Common Council, or Trus- 1ees to negotiate on the ground that it will be better to give A 3 ’ A LARGE DOUCELR than to run the risk of being enjoined, or subjected to continual litigation. The lhl_e in the United States i3 of no money valué. For forty-two years this land has been irre- vocably dedicated to public use. It is not in the power of the United States to sav that that dedication should ever be revoked. The whole question is, practically (the light- Thouse having been removed to another site), be recognized, or whether the Government and permit nobody to use it.” The change a matter of very important public_interest, in which - s " CITIZENS OF THE ENTIRE COUNTRY as well as of Chicago were concerned. The only question is whether such a use—suit- able, central, convenient—shall or shall not be made of a piece of ‘property in which the nited States has no more money value than it has v IN THE HANGING GARDENS OF BABYLOY, or in the gates of Thebes. The mast perni- cous pftt which can be pursued by a great Governwent is to play the part of Sir_Giles Overreach. Such being the case, and Valen- tine not being touched, and & : . THIS NOT BEING VALENTINE-DAT, Conkling was: opposed to adopting the amendment which would put that claim im advance or enable bim for. S50 worth of serip .to cast out hils shoe over Chicago. “I have heard,” said Mr. Conkling, “of puttingin a to give this serip, In the form of an amend- ment, any possessio pedis. - Be did not think thie Senate ought to do anything which might called claim. Mr. Garland, of -Arkansas. an- other member of the Judiclary Comumilitee, id that Ar. Edmunds’ amendment was en- irely. unnecessary -to “protect any private right. % - - B SENATOR LOGAN. oy said that Mr. Edmunds had omitted one point: ‘which he might have incorporated as an ob- Jection. The first point was that the bill should be- framed so as to protect the Valentine serip,. and a2 second point might have- been . added that was in the interests of the Chicago Base-Buli Club— that the bill should not pass. FinallyMr. Ed- munds’ amendment was defeated by a vote of 26 yeas to 9nays, the following belng the only persons voting with Edmunds: An- thony, . Blair, Jones. McMillan, Morgan, Platt, Saulsbury, and Teller, and then the bill passed. PARTISAN PURPOSES. " A RANK ACT OF INJUSTICE. Special Dispatch to The Chicago Tribunes: WasHINGTON, D. C., Jun. 20.—When' the Yot was taken on the Yeates and Martin case, in the House ot Represensatives to-day, two Democrats were there who would not permit a supposed party exigency to over- ride their sense of justice’'and impel them to ‘vote to unseat a man who was fairly elected for the sake of pulting In his place a man who, as the testimony in the ease fairly shows, was not elected to Congress from the First District of North Carolina. Alexander L Stephens and Dr. W. H. Felton, two Dem- ocratic Represeutatives fromn the State of “Georfa, voted amainst the' act of rank injustice which. was committed in the ouse this afternoon. All the Greenbackers who ‘were present, except Mr. Ladd, of Maine, also 2 VOTED WITH THE REPCDLICANS. The majority in favor of unsealing Martin, the Republican, was seven in a total vote of 227, Afterall of the efforts to capture and hold a quorum, the Demucrats could muster only 119 votes to-day, and two of them were cast on the side of the Republicans. If eight of the twenty Republican absentees hadbeen. present, Mr. Martin would not have been unseated. As ‘many as eight of them were peired with Democrats who are never Present in the Bouse if they can avoid it. Tle new method of securmmg a Democratic quorum has probably been exhausted by the proceedines of to-day, as it is not likely that an atterwpt will be wade to turn out any miore Republicans within the next ten days. ABOUT THIRTY DEMOCRATS WERE ABSENT or paired to-day, and it is almost certain that enough of them will not have retugned by next Tuesday to nake a quorum, even count- the new Trecruit they mustered in to-day. JMr. Fernando Wood has gone © to the ot Springs, and will notsit in the House again this session, if, indeed, he ever does. Mr. Wi bitthorne, of Tennessee, is dangerously ill with pneu- monie. Gen. Ewing is paired until next Thursday. Mr. Scoville is absent and paired matil next Wednesday. Mr. -0'Brien is absent and paired “ until further notice.” SEVERAL DEMOCRATS ARE SICK besides those already menuoned, and at least @ dozen more are afflicted with a violent in- disposition to continue the foolish partisan struggle over the Electoral count resolu tions. This kind of indisposition s especially annoy- ing to Mr. Randall and the other Democratic leaders, who, for sume reason, abpear to be anxious tu create the nécessity for a called “session of the Forty-seventh Congress if they can do so without appearing 1o be responsi- ble forit. -INGALLS TO TELLER. SHARP RETORT. T ‘Spectal Dispatch to The Chicago Tribune, WASHINGTON, D. C., Jan. 2L—The Senate, after the Lake-Front bill was passed, spent the rest of the day on the Indian Allotment bill, and was still unable to cowd to any con- clusion. The debate was conducted with'| somewhat wider latitude than usual, and there were some sharp personal passages In the course of it. AMr. Ingalls made a brilliant speech on the Indian poliey, and, smong otner things, said that the British, Govern- ment had tied the same esperiment with their Indians in North America- as is now proposed, and had given them lands in sever-: alty. He was proceeding to state the result wheft'Mr. Teller, In his seat, said they never gave the Indians the Jand. Mr. Ingalls re- torted: **‘They did give it to them, and the Senator {s as ignorant of history as he is of manners when he says, in his seat. they did not give it to them.” It seems to be impos- sible to fix a limit to the discussion of this subject. . - g=d . . 'THE COUNT. : ANTI-CHAOS. Sperial Dirpatch to The Chicago Tribune, ‘Wasmixetoy, D. C., Jan. 29.—The refer- enceof the Ingalls Electoral Count resolu- tion to a special Committee by the Demo- crats of the Senate isnottobe interpreted as meauing that the Democrats do not intend to provide any method for o peacenble and- orderly count of the votes. The resolution was referred as the result ot the caucus de- termination this morning to abide the fate of tbe Morgan Electoral joint rule in the’ House. If the rule shall be defeated, and if the filibustering shall continue against it so there will bé no probability of 1ts passage, it is very probable that"the Senate Committee to relieve the party from its embarrassment will report back to the Senate a resolution recommending that A COMMITTEE OF THREE SENATORS be appointed to confer with a similar com- mittee on the part of the ITouse, to devise some plan by which the votes on this ocea- slon may be, counted. That is likely tobe’ the nltimate outcome of the present compli- cation. The resolution was referred this morning to the Committee bya strict party vote, with the exception that David Davls, of Lllinols, voted *No,” with the Republicans. |- This is an exception which is quite signifi- cant, and one which may give the Democrats some trouble after March 4. i STANLEY MATTHEWS, THE LARD JOB OF GETTING HIM CONFIRMED, Specigh Dispatch to The Chicago Tribune, WasmvaToy, D. C., Jan. 29.—Railroad people say that, after' the Supreme Court shall be reorganized by the appointment of successors to Clifford and Iunt,a new test case will be made as to the constitutionality of the Thurman Pacific. Railroad bill, and they think that there is some reason to -believe that the Court would change its decision. - The decision in the test case which has been made stood five to three. Since that time there have been great changes in the Court, and some of the new members, if they stand by their records in the past, it is supposed. would look at the railroads with more leniency. Stadfley . Matthews, for instance, af be should be confirmed, might not be as severe in’ his construction of tha Thurman law as some other appointees might. Theconfirmationof Stanley Matthews Is P BY NO MEANS ASSURED, 3 “While his friends insist that he js certain t6 be successful, it is becoming daily more evi-' dept that the President may be obliged to make some concessions to secure the con- ‘firmation of bis friend and favorit. Mr. Mat- -thews’ nawne has gone to the Senate In a very unfortunate time for him. The nuwmber of days of the Hayes Administration can easily be counted, and are rapidly diminishing. Meanyhile, in the closing weeks of his term, the old New York fight is renewed in a man- ner which isconsidered in the Senate as . A DELIBERATE CHALLENGE TO MR, CONK- 5 LING. - No appointment could have been made more offensive to Conkling.and his’ friends than that of George H@Forster, who has just been designated as’ Distriet-Attorney to succeed Stewart L. Woodford. - Forster is the New York State Senator who opposed the nom- Ination of Platt in’ New York, and, in caucus, refused to vote to make hisnomination unan-. Imous, after Platt had triuvmphed. ‘Heisa. bitter; hostilé, and dggressive anti-Conkling Mr. Conkling. does not -liké -, the man. challenge, ‘and " there is a mani- fest disposition .to delay .this and other New York mnominations, in view of the f1ct that Gen. Garfield .is so soon to become President. © . BE . A GOOD MANY REPUBLICAN SENATORS are very reluctant to have Hayes make new appointments for four-year terms: which begin just at the close of his Administration. The Albany Postmastership, the Buffalo Collectorship, and the Mgrshalship for-the Northern District of New York, adding now @ United States District-Attorneyshiv for the Southern District, make four distinct chal- lenges which Mr, Evarts, throngh President Hayes, has given Mr. Conkling. The. Presi- dent has overlooked the fact that the fol- lowers of Conkling are not less numer- ous or earnest than they were three years ago, whiie Mr. Hayes’ subporters are more lukewarm, and have lessto expect for their labor, The contests in the executive session of the Seuate over these and other nomina- tions - DURING TRE COMING WEERS OF CONGRESS will be interesting, and it is by no means certain that the Administration can win- 1t will requireall the strength that the Adwmin- istration can bring to bear to secure the con- firmation of Stanley Matthews, and the way to secure thisstrength, a Republican Sena- tor said to-day, was not to permit William M. Evarts to satisfy some ancient grudges by using the Administration. as a catspaw with which to - assault Conkling. There are some Indications, even, that Matthews' friends are so much alarmed at the prospect that pressure may be brought to bear upon the President to induce him to withdraw ' THE THREE PENDIN Txx\v YORE APPOINT- At which are so nffensive to Conkling, in the the hope that, by .some attempt at coneiliat- Ing of that sort, new strength way be gained for Stanley Matthews, the greatest favorit. The President has aiso suceeeded In gecuring the united opposition of the Pennsylvania and Kentucky Senators over some uowina- tions'which he has recently made, and, alto- gether, has not placed himself in a good posi-. tion to win votes for Stanley Matthews, GRANT’S LUCK. - -IT JIAS NOT DESERTED HIM, - Dispateh to Cincinnatt Enquirer. ! WasmxeroN, D. C., Jan. 27.—“‘Gen. Grant’s fund of $100,000 from his Philadel- phin “friends is now completed, and awaits the General's orders.” 1sthe Graphic, from which we quote the -above para- graph, aware that Gen. Grant’s Philadelphia {riends could not raise. that $100,000 in their own city, but that they were obliged to come to New York to get assistance, and that New- Yorkers contributed more than one-half- of the sum ?~ Let us give credit where credit is due.” K 5 The foregolng from the New York Ledger is nearly correct. It Is simple justice, how- ever. to state that two-thirds of the snin was contributed by New-Yorkers. The follow- Ing from the New York T¥mes (?) of to-day has a sequel: - b *‘Some two months ago ths $250,000 ‘fund for Gen. Grant was subscribed, with ‘the ex- ception of $50,000, which was to be' rnised in Philadelphia and Boston. -The* Phila- delphia people got it into their heads that if they subscribed to the New York- Times fund,: which was to be. a fund ‘for ex- Presidents, that Gen: Grant wight--die sud- denly, and in suchi event, if President Hayes were alive, it might be constried that-he was entitled to its benefits. Hence the Philadel- |’ phia people made a new move, 1o getup a fund of $100,000 and preseit it to the General outright. It met withsach suceess that they Induged Jay, Gould}ipd -Vanderdi@§ tofwittis draw from'the nm“,&ma the S25.000 swhich each had subscribed, iud contributg Jt.{; nhq Philadelphia’ fund. “Tlie full ampunt- has now been raised, and w“'llhbe' g&e&%}a‘ Gen. rant fn-g-day or two. . The: ,000: b ore:good than-the intdredt of S350, thi fund, d1}'hig sons belnyg well-provided:fon= The Philadelphia move ‘has, however, ieft thé Ng¢ie York T\ nd ih's sorry plight.. ana. RGiyLS: ‘sub ‘seribed to that fund will probiably belveturnéd 10 'the subscribers.” S & o 8 5 ..C,: Jan. "29.—Pennsyl- vania e here say :to-night that the dead || 1éek at Harrisburg -may not be broken gt all. ‘Lifiey say that Caneron has determined not to be forced to withdraw his candidate by 2’ “factioug nifnority,”. and that, sooner than " suffér a deféit, he will continue the deadlock until the day of adjournment, ‘The Grow men, on the other hand, it is reported, have- also taken a pledge not- to desert their eandi- date at any cost. ‘The singular part'of the story is-that an examination of the Constitu- tion of Pennsylvania discloses the fact that, if there Is no election’ by 'the end of the session, there will be a vacancy, as the Governor cannot appoint. In this event Pennsylvania will have but one repre- sentative in the United States Senate, = - THE CHINESE TREATY. Senator Ingalls, by bersonal effort. to-day, secured a full attendance -of the members of the Foreign Relations Committee, with the purpose of considering the Chinese Treaty, but the Democratic mewmbers were almost imimediatély called ‘Away to attend a caucus, and nothing was done. *This was the first time this, session.” sald Mr. Ingalls, * that tliere'has been a full; attendance of the Com- mittee, aird I presume ft will be the last. I do not expect that auything will .be done with-the Chinese: Treaty at>this sesslor, as things louk now; at least the object may be considered as postponed indefinitly.” - REPRESENTATIVE BELFORD, of Colorado,.has left for Mentor again, to give Gen. Garfield some more advise about his Cabinet. He thinks Graut oughtto be recognized by the selection of ex-Gov. Routt, of . Colorado, for Postmaster-General. = He also thinks Blaine ought not to be Secretary. of State, 5 L . 'CENSUS EXPENSE. . T the Western Associated Press. ‘WasmixeToN, D. C., Jan, 20.—There are now 1,247 persons employed by the Census Bureau i Washington, 669 males and 578 females, bésides ninety-cight messengersand seventy-six watchmen. The monthly rental of the bulidings occupled in Washington for census purposes is $1,888, The number of ‘enunierators employed in taking the census is 81,265, under charge of 150 Supervisors. THE EXCESS OF EXPORTS OF MERCHANDISE, .stated in specie values, for the twelve monthis “ended - Dec. 81, 1830, was $192,546,407; ended Dec. 31, 1879, $251,357,019; excess of lmports of gold and silver coin and’ bullion, for the Hido |. et to which ti and several offered by 3 nqrroed to. B - The amendmert of Mr. Edmunds, vate rights, was refected,—aves, 9; nays, 36, puxsed, . The Indian Land in Severrity bill then came A'proviso to Sec. 0, which provides that al- - | Iottees upon lands belng patented to them shall State or Territory in which they res:de, sv as to proibit the pun- ishment-of -Indians-for polygamy ‘who ut tho’ (4itune of the ullotment were practicing thie game ticcordnnec with the usuges und customs of -bo subject to the laws of the in elonged. Axrved to. gl following amicndients’ to the’ bill were verilly ndopte £ ‘%é( SE HIRBE9L Afiomine purchase by the GAbraftacnt of small “parcels of reservations DO SOttendy e By Mr. Teller—Authoriziog education fn pri- and partition-sd‘far #S practicable to lands taken B4 TR lands set apart for +. By Mr.. Motgal ng to lands set apart for the bend of :‘_'{;u\}mb ng Gection for grazing purDe ~5 Mr. Moes ertmoved to striko out theninth secnon o il Téquiriug consent to the ac Of two-thirdegE ho eiibors OF tho Eribb. bo- foro it shnll expénd to thym. .- . . Ak Ingulis, i somegenvralobservations upon the Indian probiem and.dhe diticulclcs of It so- lution, criticiztFiho ¢ oL tho oppogents uf the bill us embuvrnsing sthie Senute in its efforc to puss . bill of spme chiracior upon the sub- Ject.” A% mombet of the Committes which re- Rorted the bill, bie appeuled to the Senutors from labuma (3organ).and Colorado (Tetler) to cense turther opposition,” - . igde ey Mr, Morgun replied that he did oot want to PuL It Into the power of the Secretary Gf te In- terior, when fie counld bribe or otherwise cejole 4 lot of Indinns to o with him. to compel a tribe to dispose of thelr property us the bill did. an agreement for a vote upon it Monduy mori- 1. Mr: Edmunds objeoted. : ‘Adjouraed until Monday. -, i+ HOUSE.: . ‘ WasmixaToy, D. C., Jan. 20—The morning resumedof the North Carolitn contested-elec- tlon cuse, o Mr; Jones advocated. the clalms of the sitting :member, Martin, He spoke tor the Greenbuck -purty, which, he ssserted, ‘was an impartiul party, an ligans on this accuslon, dld su because it would Bot permit them or nnyhadg else to outstrip it in BuppoTt of W' ffee ballot and & fulr count. . " The previous question was secouded, and the main question ordered. - Mr. Beluhooyer.closed the debate in n speech supporting thy contestant (Yentes), after which 2 vote was taken on the minority resolurion, de- clarlng the contestee (Martinjentitied to his seat. Refected,—yens, 110: nuys, 11T:—r purty vote, with the excoptlon of Messrs. Felton and Ste- phens, of Georgla, who voted with the Republic. Ans in the aflirmative. The Greenbuckers, with the exception uf Mr. Ladd, of. Muine, ulso voted in the atiraintive, “An uansually lacge number of puirs wero announced previous to the declu- ration of tho vpte. The question then recurred upon tho first resolution of the majority report, declaring that“J: J. Martin Is not entitled to o . seat. Agreed to,—vens, 117; nays, 106. * ‘The resvlution declaring J. J. Yeates entitled ‘to a sent wus. adopted.—yeas, 116; nays, 103. Yeates took the oath of office. Mr. Delnmutsr presented a petition, signed by 22,000 persons, for steps to be tuken to prevent .the encronchment -of white settlers -on- Indian reservatlons.. Referred, . + " Adfourued, i twelve months ended Dee. 31, 1880; $69,229,- 8225 ended Dec. 31, 1879, 807,375,9060; excess in value of exports over lports of merchan- diseduring the first six months of the current fiscal year, $161,082,013, - " EADS. - At the meeting of -the House Interoceanic Canal Committee to-day the Sub-Committee on ‘the Eads Ship-Railway bill reported it | back with the guarnntee section stricken out. They accompanied their report with a rec- ommendation inserted in lieu of the omitted sectfor, providing for'a guarantee of Intérest at 4 per cent upon fifteen-year bonds (instead of 6 per'cent and thirty years), with enlarged requireinents as to tests of the railway’s ca- pacity, bringing the latter up to vessels of 4;000 tons. - 1t.was elaimed for this moditied: proposition that a majority of the fall Com- nittee Will favor it, bt without refichinga’ point of action adjournment was tak L+ - DEMOCRATIC CAUC . “The. Démoeratic. Sepators in “tine ‘morning’ virtually-determined that Mr: In- galls’resolution “concerning the -Electoral. count §oould be referred to a select commit~ tee on. that subject.- It scems to be'the gen- eral Impression:that the-mode of procedure for the tount'may yet, be. fixed by the House of Representa:ives . adopting the . Morgan joint resoluuon. ~ It was generally agreed, also, that some bill for Congressional reapportionment ought to be passeu by this Congréss, - - ... A . - A DECISION X was rendered by the Imw Officers of the Post- Oftice Department to-day, in which it is held that the law governing the rate to be paid to telegraph companfes for the transmnission’ of Government business: requires that, in the event of. 8 reduction . of -rates by any tele- graph coinpany, the Goversment tariff for Dbusiness over the tines of the competing com- | panies to voints that can. ‘be reached by the’ company making the reduction shail‘be the sime.’ The decision grew out of the inguiry from the Secretary of-the Tressury relative to a reduction of rates by the American Rapid Telegraph Company, «and the effect thereof upon Government business ‘over other lines. g ASSISTANT SURGEONS. . “The Board appointed by the Marine .Hos-~ pital Serviee has examined candidates for fppointinents as Assistaut Surgeons, -Out of the numberof applicants examined ‘anly two were found qualilied. Oune of the two is Dr. Armstrong, ot St. Lonfs;- .. 'ALL THE REGULAR APPROPRIATION RILLS bave been reported by the House Committee on Aupro{pfl‘mlnns except three. These are the Legislative, Executive, and Judielal, the Bundry Civil, and the General Deficiency bills. “The Legislative bill “will ‘be reported next week. The River and Harbor bill is be- ing prepared. “The:Agricultural bisl will be reported Monday. -~ 4 THE RECORD. BENATE.: S . WasHINGTOR, D. C.;Jan. 20.—A communi- catlon was presented-in- response to a reso- lutlon of Mr. Conkling for, information ns to the number, compensation, etc., of census officials.* ¢ " o At “Mr. Randolph reported with amendments the bill relative to revolutionary battlefields. It proposes to. encourage’’the e erection- of -Inonumeris thereon by Government:contri- bution -to--the Monument Association'of S1 for every dollar raised by private effort. Bills were Introditoed: By Mr. Wallace—To amend Sec. 1,804 of the Revised Statutes, relating to the Judiclary in the -Territorles, and to suthorize the Secretars. of War to contract for a Jegal ‘right to make and use a metallic cartridge adapted for fhe army service. e ST LN . By Mr. Grover—Appropriating -$250,000-for the construction of a' barbor of refuge at:Port Orford, Oregon. Referred. S, Mr. Edmunds submitted a résolition, which was adonted without dissent, fnstructing the Judleiary Committee to inquire and report its oplnion touchimg the constitutional legality of the votes of any Rlectoral College given for President ‘and Vice-President of the. United States, on the day for the casting of the votes of the election 14 all the States. - 4 Mr. Lawar presented the credentials of James 2. G(eorzn,.succeunr of Mr. Bruce,. of Missis- stopl. - - On motion ot Mr. Ingalls his Electoral Count resolution, for counting the vote fu the' Sendte Chamber. was then taken up, Mr. Bayard moved ta refer it to tee on Eleotoral Connt. - 2 | Messrs. Bayard, Motgan, and Hill (Ga.) favored its reterence, holding that the Senate should ad- here to the pusition it bad taken fu-the Moj rule now pending in the House, the last-na the Commit- formality, as Gen. Gartield, having bee tutionally elected, would he peaceably Ioangir-" rated, and that no renson existed for the slight- est apprehension to the contrd: Messrs. lagalls and Edmuiads opposed the mo- tion, clalming that, as the timé had ufrived for sowd provieion for the metting ‘of the tya, Houses, u definit regulution was neccssary, ' ¢ Mr. Bayard's-moton _tinatly prevailed .~ efis’ 29; nays, 17,—a party vote. - J . ¥ C?:\éfldemd&n n‘f‘ 'nlu-. mrg (&Lgl?m wennfi'hn,l" 1o {cugo -the e 1o e ic groul 3 earhors Rasesvtion was ressimed, & or T 2. The nmendménts of the Senate Commistce, s this! ! remarking that the matier was merely ogidof {. coneti- ' CONTAGION. PLEGRO-PNEUMONTA. Bpecial Dhn-xkn( ta The Chtcago Tribune, Beprorp, Ia., Jan, 20.—There are several cases of contaglous pleuro-pueumonia in this (Taylor) county, As’yet the fact -Is known ‘only to a few, but notivithstanding over sixty .deaths haveoccurred. It was introduced by , Eastern calves.”. Twenty thousand of the lat~ ‘ter are seattered through the State of Iowa. In Taylor County five car-loads of -these Eastern calves were brought in Sept. 4 by Ed Moss, of ‘Birmingham, Ia, and taken'to Bedford, wheré™ all” were sold to one. man, :Mr.. S, who lives . ten :miles east of-this place. Mr. S., so far, : hins lost sixty head; and not only most of the rest, but alio n.-great many of his other ative cattldsara. cohglii nd show syinpy 3 by “EQ.L Byt v Hip. “On-Sipe oy dr 8" EaStéTn “¢aives and rties. He represented “thobe calves to be trom ‘Michigan, but this is ‘doubted. They yery likely are from New +York or. other parts in the East. “The exist~ ‘ence of contagious. pleuro-pneutnonia in this :part of lowa is- establishied beyond a doubt, '‘and it- probably has spread much further ‘than yet known{"because, as sald before, 20,000 Eastern calves have been distributer ‘all over the State.. A gres ‘many have also gone to Illinvis, and no_ doubt exists that the isease has Invaded that State. - V. - 1S CHOLERA COMING? ! CivcINNaTy, Jah.20.—An interview is pub- lished to-day with Dr. Blackburn, of Ken- tucky, who isonétof the most experienced: physicians in the country with the cholera. e says the countrf is pretty sure to suffer- from cholera the‘¢oming season. He says it Is now: in Chicingo, under the name of “ chol- erine.”” "Uis theory is, that it never failed that o ‘cholera. epidemic followed upon the ‘beels of an influeuza epidemic. ‘We haye just had that. Men and horses have suffered from it. The’inflyénza epidemics are due to the too great, proportion of ozone in the at* mosphere, and the-deficiency of 1t is the con~ ditlon for cholera. "'Nature isconstantly run- ning to extremes, ind the excess of ozone is followed by a deficiency.. " I certainly have,” continued the doetor-iovernor, *been ex~ pecting cholera to, make its appearance in this section, and now that it has appeared In Chiceago, it is more than'likely that we shall have it.” But,” spid he, ** there is an infalii~ ble preventive for'cholera.” 5 THE I0WAPENITENTIARY.- . Jan. 20.—The report of small-pox in the ¥drt Madison -Penitentiary, telegraphed from this point by special corre- spordents, proves' to be untrue. Warden | MeMillan saysthidt'osie convict suffered from sickness, which-was -supposed to be-vario- loid, and that the reason for the stopping of work wag because’ of the freezing of the water-walns fron. the viver, .and not from any scarg ob the patt of the contractors. N, TA. .—Another. casé of PER P iy .. ! CIINT . CLvToy,, Ia,, . Jul small:pox Las devetoped here. OBITUARY. the oldest merchants of Cincinnaty, dfed Ifst night, aged 79, Ile.came’ here from. Baltj- uiore County, Margland, sixty years:ago. :* 1 CHARLES A. SMITH; g * Crrxtox, In., Jan.' 20.—Charles A. Smith, Deputy Revenue Collector, - rising‘young Iawyer,son of Col. I, H. Smitl. qupmmche, died at his'home héte this.morning. s a4 MILLER DEWITT. CrNersxatt, 0., Jhn. #9.~filler Dewitt, a prominent. farmer,’103: years old, died at Angola, Ind., last aighi, ofwld age. s Ry g : ROWN, Bostoy, Jan. 28 uel I. Brown, o leading coal o] bls morning. || PENNSYLVANIA. No ‘Ballot, l‘flkgn:o;g‘;flennlor—uq Quo~ HAnpnBGRG, P, Jin. 20 —In joint Con- ventiqr to-dapbhly 101 meéinbers were pres- ent,~nd, fhe” Convenfign. being without a qgorutyxadjournied until Monday without Hiimpid batlot for United States Senstor: s - DEMENTED. - . | Spectal Dispateh ‘to The Chicago Tridune. ELay, il Jan. 29.—Williaw Kane, for- siédy Section boss “on. the Chicago, Milivau- ] kéeds St. Paul Railroad. was arrested. this (Aftgrnoon on a peace-warrant sworn_out by bii, wite, He lost hisisituation, and some Teeeks ago he saw a fellow-railroad manecut ln}wfi by n train, sincg when he has been de- raized. - To-day bis wifg, feariig from his actions for her life, hiad him arrested. H was placed under $200 bonds to aivait trial :flflls"uu‘_y Court. ® i byt Eie " 202593, 5% x:lv!a.'ofm[llll??zs. lg better protect Government title fn Bloek 1, and.| o et Givspent Yol Jn puck L g that the act shall not ndversely affect valld and luwful pri- After deb; ¢ ticipated in by Messrs. Ed- { munds, Sun‘i‘:?fiz‘."‘émi’.?‘a. and Logan, the bill ugdns the regular order. Mr, Teller moved to < al The praspect of disposinyz of tho bill being very remote, Mr. Gyke asked unanimous consent to +hour was dispensed With. and conslderdtion was dwhich; if it voted with the Repub- . THE PONCAS. +Mr. Schurz Makes the Gom- mission Say lts Cat- " echism: - Iéefidingi of a Mass of Testi- mony, Before the Sen- ate Committee. 4 The Secretary Desirons of “Proving mary b ture, and irrigation, ot : y:?afi&%?fif'}m‘fif RiraiColleze' st | - the Trustworthiness of Ogr-+ Fore Coliing. Cotg. - - % i Evid 5 By Mr. Vot the statutcs of Kansas | . tain Evidence 22y in %Blmrfl 1001;5 mnghuml:lan, distribuuon, . S That Evidencp Caleulated to Show 4 that the Porcas Are K Satisfled. —_— Standing Alone, and Thus Cérti .. o fied, It Might Stultify ... the Commission. ' The . Commissioners, Therefore, " Indignapt on Being Thus . Handled. The!'Now Propose to Furnish Com- ‘| mittee-Music to ‘Which . Mr. ey “Schurz Shell Dance. b SCHURZ: THE COMMISSION BEFORE THE PONCA COM- ' MITTEE. Special Dispateh o The Chicdo Troune, WASHINGTON, D. C., Jan. 29.—The Senafe Counbittee on the Poneas placed Itself at the disposition of Secretary Sehurz, wha; armed with'the only copy which exists of “the evi- dence_ taken by the Boston Ponca Comunis: slon in'the Indian Territory, brought before the Committee and cross-examined the two members of the Commission whom he had summoned. The object of Mr. Schurz seems to hate been to endeavor to obtain some ad- missign’from the Commissioners who were examliied,—Mr. Walter Allen and 3Ir. Stick: which should seem to-.be_inconsis With * the conclusion at which the Commission in their revort Just ublished arrive. The Commissioners went' over substantially thé same ground which has already been given In their public report, Mr. Schurz asked a great number of questions, many of themn argumentive. THE MAIN SCOPE OF MIL SCOURZ seemed to be to obtain from the Comunissfon=* ersan acknowledzment of the .correctness of certain evidence which, standing by Itself, seemed to be contrary to the conciusions at which the Commission lad arrived.. . The main point which Secretary Schurz desired to make seemed to be to obtain a mew deciaration- of that which is clearly stated in the Commission’s report—namely: ‘that the Indians in the Indian Terrtory express their present satisfaction and desire to stay there and to sell their old lands in Dakota. ‘The Commissioners say that It was rather an extraordinary proceeding on the part of “the Senate Committee to allow itself to be used as the Instrument of the Interior De- partment, and sume of the. Commissioners .are disposed to ask permission to summon “Sehurz and'in turn to cross-examine bim, . HE.INQUIRY: RE: TOE COMMITTE! Wasmyerox; D. C., Jan. 29.<~The Senate Select Committee on the ‘removal of the -Poncas met to-day: Wiillam Stickney and Walter Allen, of the Presidential Commis: sion to the Poncas, were interrogated by the Committee and Secretary Schurz in rdgard to the facts and evidence ‘upon which they based their published conclusions. Mr. Stlckney testified that the Commission found the Poneas in' the Indian Territory unani- mously and enthusiastically in favor, of stay- ing there; tilat the bealth of the tribe was good, and they preferred their lands in the Indian Territory in goint of quality and fer- tility to the old rescrvation in Dakota, cnd -| they were generally satisfied, and in express. ing a desire to stay there no-influence had been Lrought to bear on them, either by ar- ‘gument, or promise, or threat. They mani- Tested their determination to stay there, EVEXN IF THEY D0 NOT RECEIVE ANY COM- % PENSATION for their Dakota lands, becanse they consider 4t their first interest to become settled, and ‘prefer the country in the Indian Territory Avhere they are. Mr. Stickney further states that he had drawn up a report different from the one 'signed by the Commission, embody- ing these tacts, they belleving it their duty to base thelr report on the evidence obtained, and not travel out of the record, ang, for the . sake of harmony, he had beén induced to yield his views in that repard. As to the Poncas that had gone away from the Indian Territory and were'now in Nebraska, he said it was their desiro to stay there. " | MR, ALLEN. £ substantiated the main statements 'of Mf. Stickney with rezard .to the condition and wishes of the Poncas In the Indian Terri- tory.. B:ing asked by Secretary Schurz shether he had any reasos to suppose thelr: expressed determination tostayin the Indian ;| Territory was not sincere, he said that he +| had no evidence to show that it was not, but #f for philosophical reasons he supposed they might not;be. . Mr. Allen safd that when Mr, Tibbles seas in the Indian Territory lastsum- mertok\iucu the Poncas-to ‘leave White- [Eagle mjzht have been willing to do so had he not been fearing arrest. « R o BKCRETARY ‘SCHURZ.: * quoted from the testimony .taken by the | Commisston ltself in the Indian Territory. Afr. Allen said, also, that the Indians might have heen [nduced to express a desire to re- ‘main in’the Indian Téiritory, In hope of ro- celving ‘fignzmy -in compensation for their Dafkota land. Mr, Schurzasked him whether the Roncas had not manifested a desire to stay ig the ‘Indian Territory by a letter ad- dressed to; Secretary Schurz on the 2th of October, beforé any pecuniary consideration was spoken of. Mr. Allen said thatit'was 50, but pecuniary. consideration might have been in théir mind, * ° Mr. Schurzthen produced from the testi- mony furnished the Prestdent with the re- port of the Commissfon.the questions and answers taken from the report of THE COUNCIL between the Commission and the Poncas in the Indian Territory. MMr, Allen—It the Greaf Father wanted to sendyou back there, and’ glve you all you had before, wounld'you want to go or stay? White Eagle—If the Great Father should .make that for me Ishould think he would have me wanderine around, and for that rea- sou I'should beunwilling to go, and should want to remain here. . . : 3r. Allen—If the Great Father should give him a’strong paper for that land, wonld he be willing to go back thers and remain per- manently? st il ‘White Eagle— f=r 1 WOULD REMAIN HERE: * . The matter is finished; and so [ will sit here. Mr. Allen asked him if the houses-they have here are as good as those. they had in the old home. 2 g White Eagle—We think these houses here are little good. Those houses up there were bad. They had dirt Toofs.” These are better 1 than the others, - oy R .| change thelr minds. Mr. Allen—Do they raise as large crops as they did up there? - - ... WAL ‘White Eagle—In that land there were in- sects that destroyed the crops: In this land there are no insects. 5 AMr. Alien—Te said in-the letter to the Sec~ retary that he wanted to stay here because £ THE YOUNG' MEN were restless. Now what, made the young- men restless ? i ) White Eagle—The yonilg men were not behaving themselves, aud so I called thew together and had'a talk, and so they eame to* a decision. Someof the young men . svanted to go to Dukota.. . ; : GencMiles—I'want to ask a few questions. I want to'inquire what'is the conditionof the- tribe at present, 08 regards health ? White Eagle—Counting this winter makes 2 third season we have not been sick. .. - Gen. Miles—Has thiere been much sickness since they came to the Territory? . White Engle—For two seasous there was sickness. & Gen. Miles—Do they find this country as healthy as that they left up there? Have they, during the past three years, been; AS NEALTOY as during the three before they came down ? White Eagle—From the time the sickness stopped, I have been walking bere, and find “it very good. Iput this country before the other, and find it healthier. Gen, Miles—I understood them to say that no threats hind been made to induce them to Now, I want to know what effeet the promises and assurances made to him and his people have had upon him and his people in bringing about this change of mind. ‘White Bagle—We were dwelling in this land and doing nothing, and were foolish, as it were. So we assembled together and sent a letter to thé Great Father, asking him to send for us. W¢ aid this of ur own aceord. NOBODY CAUSED IT. Gen. Miles—In case Congress fails to ap- propriate $60,000, butallows, thew; to remain here without $99,000, what effect will that have upon the tribe?. 5 > Standing Buffalo—Even if they did not wish to give us.that money, we would wish to remain here, and work for ourselves. Mr. Sticknes—Does he speak for all? Answer from all—We speak with ond heart. . ) . Other questions and answers were» read, and all of similar import. " Seeretary Schurz said the most fmportant parigraph in the report of the Commission . was calculated to produce an fmpression that the Chiefs and head men of the Poneas . in the Iudian Territory had WORKLD UP’ A SCHEME OF STAYING THERE, and that only after the papers to, that effect had been slgned. The other members ot the tribe, from motives. of conunendable integ- 1itv, sequlesced in and indorsed their action. He asked Mr. Allen whether it had not ‘been shown. by abundance of uncontradicted tes- timony, that the tribe bad come to that con- clusion among themselves, and then asked “that the Chiefs be permitted to come to Wash- ington to.represent the wishes, and whether the Chiefs had not, in making an agreement to that effect in Decemiber and January, sim- . ply represented the instruetions of the tribe. Alr. Allen assented, and stated that the lan- guage in the report referring ‘to'this point was. perhaps sowewhat unfortunate, and was intended to convey that meaning. .- .. " Secretary Schurz said that it was unfortn- nate that the wish of the tribe to remain in the Indian Territory; unanimously and en- thusiastically expressed, which was B . THE MOST IMPORTANT FACT ELICITED by the Commission in their councils with the ‘Poncas, is_not permitted to appear.more clearly in the.report. As.Mr. Allen had said, possibly the Agent, who had been used .durin? the War in hunting up Kuights of “theGolden Circle, may be supposed to have sexercised upon the tribe an _influence .which [itwould he difficult to.check. 2 .. : +-~Senator. Kirkiwood oross-examined --him,} and asked whether he did not. consider. ,Agent Whiting an able and_energetic_man,’ and whether it would be desirable to employ ,men as_ndian Agents who.were not bright, _capable, and intelligent, in order. to. make sure they would ot exercise an, undue in- fluence over the Indians. SUICIDE. - ' A MATCH-BOND MAN. St. Louts, -Mo., Jan. 20.—Cyrus Smith, “charged with defrauding the Government out of $42,000 worth of revenue-stamps, was. arrested at Short Creek, Kas., a -day or two ago. Itis said that Smuth and otherdentered. 1nto a couspiracy at Chicago to cheat the Government, bought stamps on the pretense of starting a match-factory, gave a bond for the paymnent of them, and then sold them. Swith Is a farmer, and has resided in South- western Missouri for-a number of years. He hias been connected with several irregular iransactions., While in jalt at Carthage, Mo., the night before last, he took poison with the evident inteution of committing suicide, but he took an overdose and defeated his object. The other parties to the frand, which wis cowmmitted In February, 1879, have not been arrested. e B NEAR GENEVA LAKE. , Svectal Dispateh to Ths Chicago Tribunes GENEVA LAKE, Wis, Jan. -20—S. W. Brande, a farmer living three miles north of -here, committed sulcide this afternoon by hauging. He had just'returned from Kan- sas, where_he bought n farm and intended movmf. He leaves a wife and two sons. No cause Is assigned for the deed. - B FIRE RECORD. AT BLUFFTOY, IND. Special Dispateh 10 Th Chicago Tribune, - BLUFFTON, Ind., Jan, 20.—Early this morn- ing a destructive fire swept over the business ‘portion of - the -town, causing - considerable consternation, the place " being wooden and having no Fire Department. Al Guttellin’s drug-store'was gutted, incurring & loss, most- 1y by removal of zoods, of $1,000, upbn which there is the same amount of insurance in the Firemen’s. Insurance Company of Dayton, Q- “The business house_owned by Joseph Humphreys and occupiéd as n bakery Ey Blackburn-Brothers was_damaged between $1,000 and §1,600, wisich is fully insured: CHICAGO. -The alarm from Box 318 at 12:04 yesterday afternoon was caused by a fire in the engine- room of Palmer, Fuller & Co.’s planing-mill, at the northeast corner of Unlon and Ten- ty-secand streets. Damage to. the building, £25. Cause, o lizhted candle carelesly lert by some of the workmen on top of the boil- ers, which set the joists afire. A FINE RESIDENCE BURNED. Eastoy, Pa., ‘Jan. 2J.—The residence of Jacob Hay burned this morning. . Loss, $25,000, * . ——— THE SPRAGUE SCANDAL, : -PROVIDENCE, R. I, Jan. 29.—It is now probable that Mra, Sprazue’s divorce snit will be tried in this ‘city. Counsel will peti- tion for a ¢hange of venue from Washington County to Providence County, as the former THE NATION'S CRED[T, Secretary . Sherman Entertajn; ; 8 % ned <1 at Dinner by the MerChants" " Club of Boston, 6 Delivers g Comprehen ; [ Siv . Speech on the Finances of c the Couutry, . 4 Beview 6f. the Financial poy; T the Government from Jts st Foundation, Internal - Revenune Recelp . of Threy Months Now More than the Rey. " olutionary Debt, The Issue of & Threg-and-a-Half - Qent Short Bond Recom- T _' * mended, Breicion that the End f 8 Sext Dy o Seethe D;nl Redaced to $1,000,. _Bostox, Jan..29.—Secretary Sherman wag . entermined this evening at 4 dinner glven by the Merchants’ Club of this city, and; i Tesponse to an Invitation, delivered. gy ;d< dress touching apon. the refunding operg. tions ¢f the ‘Government .and the mdnage. ment of the public debt. The Secretary opened with a review of the inancial affalrg of the Government.at the close ‘of Revolg. _tionary War, and of the necessity that then existed for refunding the debt at thay for thie purpoese of securing a loiver -Interest and extending the period of jtg wpay- _uent, and ‘{llustrated by contrast betiveey tho amaunts.involved In the refundingopers. tions of that period and thoseof recenttimeg Speaking of the progress madein .-° THE COUNTRY’S GROWTH, the, Secretary said that the revenues now re. ceived for three. months' amounted to., morg than-all the debt of the-Revolution. . The . sumption Fund now beld to protect thg fos demption of-United States notes is mors thay doubio -the amount. of the Revolutionary debts. I had occasion recently.to look lagy |, the beginning of the financial operationsot | the National Government,_and found .th | first entry dated Sept. 13, 1779, In day-book No. 1 was that of a draft upon the Bankot New York of $20.000 for.the credit of Samuel Meredith, . Treasurer of the United " States, being part of aloan agreed to be made by that bank to, Alexander Hamilton, Secretary of the Treasury, and thiswas = . . THE FIRST MONEY RECEIVED IN THE URY. OF TIE UNITED STATES. It was followed by similar transactlons to the amount of $110,000 during September and Ocrober, and ‘was used mainly for tke p3yment of members of Congress. . "This loan was reimbursed out of ' the first revenues of the new Governmént. .The whole expend. iture for the first year of the Government [ was about equal to two days’ receipts of the “Treasury,at the present time. Followling the fiahcidl " operations * of -the Government thence to the’ Administration of Gen. Jack- son, wlien the National debt was. paid off In - full, the Secretiry stated that from that time fo : bl Tate. of . ‘THE BEGINNING OF THE CIVIL WAR, including the périod of the :Mexican War, the debt of the United States ranged from a “minimum of $37.000 to a° masimum’ of “863,000,600. 1tIs “apparent “that im all the .money transactions of the Goyernment prior ‘to’the Civil War' certain general ‘principles were followed, “chief of which'was, that the debt was to_be idered, as.a teliporary burden, to be patd as rapldly ss posstble: - In this respect our findncial policy has differed from European. countries,. Wa baye always . madé provision for the gr:icfnnl.pnqunt of _our debt, and they donof. Another principls .upoi Which welhive acted, s that . e ! THE PUBLIC SBECURITIES ,shall fun but fof & short perind, and” that the _right'of redemption shall always be fetained as far'as practicable.™ This right of redemp- tion"has not in An§ case been'placed beyond .the avernge life of a, single generation, ‘and this prifciple fs mare tenaciously adhered to i pular branch of Congress than any other In'réspeet to our debt. - Anafher prin- ciple forniérly Held by ngis, that whenever e public debt Is contracted a sinking fund oor tax should be set aside for jts gradusl liquidation. . Anothier principle of- our fifat cial policy. is, that not only.shall ther pri al of s b . THE DEBT BE GRADUALLY PAID, but every suitable occasion be taken {0 e ;duce the interest thercon, and tlios legseén iis burden. ' But more than i, the UnitedStates has always: firmly, and . fully, and houestly performed every promise “made to pudlis creditors. = These principles’ were. Inheriied by us. When civil carcame upon as andoom pelled-the contracting of a debt;in: smount 0 vast that one year'siriterest was moretian the'debt caused by the Wars® of the* Revolu- tion and of 1812, attention was devoted to the rapid payment of the public debt and the Funding act of 1670. At that time legahien- (eF notes were the .unliquidated, dishonared promises of the Government, worth less than par in coin, and no man cansay what was : s~ TIE EXTENT OF-THE BVIL. - 7 of this sinzle fact upon our credit durfax first fiftcen years after the Wak<{ Al events, though tne Eunding act gate the Set- Tetary of the Treasumy ample power tosell bonds bearing 5 per cent Interest, yetitwss six years after the passage of thelaw he was able to séil $300,000,000 of thia elsssef securities. "When ‘they. were exha b!d-;f. was a long ‘and slow process to establish {the market the 43§ per cent-bouds: : It s not until after ths passage of the Resumr tlon act, and the plaim; “definit_policy t & force that act was announced by the Exedt tive bianch of the Government, and ampls proyision made to fedeeri our legakterdent on demand; according to law, that” ‘WE WELE ABLE 10 SELL 4 PER § AT.PAR.- o * During 1877 they- weré first offered. ‘081. notes_were' rapidly" advancing to par uidef the effect of the measures adopted Uide the Resumption act we were able to'sell diF'; ing that year $77,000,000. But when 1 ‘z veared that Congress was, not prel o sustain the policy of redemption the:88:8, of. theso bonds at once ceased, 4s’with .clamp. - When it was manifest” Congrest would not repenl the Resumption ac were again sbld, but it was not until 8 the 15t of January, 1579, when..thé. U S States was fully prepared to redeemdw: notes ‘at par, that the. eredit of the 0¥ ernment became so firmly advanced af B0 -and abroad that in four months Sfi'i-w-.-n < were sold, thus providing for the redempiis of all 5 and G per cent ‘bonds . then'T g ble. - Thé policy of refunding is.not Yt €O plete.” Two hundred and two miltion 3ol has very limited court accommodatons, and Kingston has rio hotel facilities, . Xer.coun- selare quietly preparing for tha triaf, and say they will be rengg o goon with_this case as saon as the Court reaches. it. Gov. Sprazue received further offers of evidence by mail yesterday. and his friends say he will be ready to support edch and every allegation he has made concerning his wife, - —— OCEAN STEAMSHIP NEWS, ! Loxnos, Jan. 29.—The stéamer Gardenia, from Savannah for Bremen, and- incorrectly Teported arrived, .13 ashore at Wyk, Schles- wig, and will have to lighten her cargo. The Celtio and Helvetla from New Yorlk, and the Koln from Baitlmore have arrive: out.. The steamer Ayrshire, Capt. Wallace, from Baltimore, hias arrived at St. Michdels, Y‘%"dw’m 8wept, cargo damaged, and boats w4 2 of 6 per cent bonds issued at the 0 of the War are about, to mature, uniSAm.’ 000,000 of 5 pef cent bonds, issucd: nmiu‘.w Refunding act, will - become redeemahlfiiw 1st of May next, and_the :question< i, S best can we apply the principles of our iy ernment in the reduction of the fate of In est and the gradual payment and rgde:!kv‘)ufl of these bonds? Ican only say, We 8% follow the examples of thopdst. - .2 i A WE-SHOULD PAY WHAT WE-tAY i from surplus reVenue. Wa should ufall S intact and apoly without" dlmlnnflfl’:i i Sinking Fund fixed by law. We snuglhg%!t our securitles at the lowest “possible ra interést, reserving the right to. mdegm,wm‘,;:. ; in a short period. dc/fi.lmai’ and 9nyl.ha: eli as they become due or b y purchase f50% markes, Our country is indeed fortussifl

Other pages from this issue: