The Portland daily press., 1869-02-26

WE notice with pleasure that Senator Fes-
of the copper tariff bill and with much regret
that Representative Pike of the fifth district
voted against Mr.. Schenck's bill pledging the
government to pay the fve-twenties in coin
and to legalizirg gold contracts The text of
the bill is as tollows
SECRIoN 1. Be 1T enacted, &C., That in or
der to remove any doubt as to the purpose OF
the government to discharge all just obliga-
tions to the public creditors, and to settle con-
hicting questions and interpretations of the
laws of the legislature under which such obli-
cations have been contracted, it is hereby pro-
vided and declared that the faith of the United
States is solemnly pledged to the payment in
coin or its equivalent of all the interest bear
ing obligations of the United States, except in
cases where the law authorizing the issue of
any such obligations has expressly provided
that the same may be paid in lawful money
or other currency than gold and silver, provid-
ed however, that before any of said interest
bearing obligations not already due shall ma
ture or be paid before maturity, the obligations
not bearing interest, know as United States
notes, shall be made convertible into coin at
the optoin of the holder.
SECTION 2. That any contrast hereafter made
specifically payable in coin, and the consider
alton of which may be loan of coin or a sale
of property, or a rendering of labor of any
kind, the price of which is carried into the oon-
tract, and may have been adjusted on the ba-
sis of the coin value thereof at the time of such
sale or of the rendering of such service or la
Dor, shall be legal and valid, and may be en-
forced according to its terms, and on the trial
of suit brought for the enforcement of any
such contract, proof of the real consideration
may be given.
Butler voted against this with Pike, and 20
other Republicans voted against the bill, while
Democrats voted for it. The vote by which
it passed, 119 to 81, masks return to health.
ier state of feeling on financial questions
Even Mr.. Logan, of Illinois, announced pre-
vious to voting for the bill that he was COM
pletely cured of the greenback heresy. If this
bill passes the Senate it will, united with the
favorable influence of the new administration,
keep our bonds going up in Europe at graft
flying rate
THE MAINE CENTRAL RAILRoAD.-A cores
4ondent of the Lewiston -Jo..s,aal aannrts the
proceeding >e the meeting of the stockholders
of this road at Watorpille, as follows:
The whole number of shares represented on
the ballot for Directors was 8787. The whole
number of shares, now issued, as appears by
the C)mpany's books is 1916, holden by 1s2o
different persons. Messrs. r. B. Dunn, of Wa
terville, A. P. Morrill,, of Readfeld, 4. d.
Lockwood, of Lewiston, Geo. L. Ward, of 3os-
ton, f. w. Hill, of Exeter, J: w. Palme,, of
| Bangor, j. III. Drummond, of Portland we're
| chosen Directors Messrs. Lockwood md
Morrill, are new members. The others vert Of
| the Board last year.
Itwas voted that bonds not exceeding 81, ,OO,-
600 be issued to liquidate the funded debt of
the Company and build the road from Daa-
vile Junction to Portland.
The stockholders also voted to ratify the vots
of the Directors, authorizing subscription tt
the capital stock of the Somerset Railroad
Company.