The Republican journal., 1870-07-07
WASHINGTON MATTERS.
THE FUNDING BILL.

WASHINGTON, July l. The House to-day passed
the bill to refund and consolidate the nalonal ueD
All the amendments voted down, ana inc pll
goes to the Senate about as it came from the ways
and Means Committee Even If 1t shouiu pass ,i I
Senate, winch is by no means propaole; lle DIN
would not amount to much, as IL IS ehlcly ulsHio
tionarv with the Secretary of the treasury Whcther
he will enforce it or not and IS very Wen known
that he is opposed to it.: The PHI provides for the
issue of Il thousand millions thlrty-year four per
cent coin bonds. exempt from all taxation, which
the Treasury is authorized to sell at par for coin
and TO apply the proceeds to the redemption of any
iye-twentv bonds at their par value, or the Secre-
tary of the Treasury may exchange the new bonds
for such tive-twenty bonds, par for par. The Sec
rotary is further authorized, and in this respec IS
instructed, to use in his discretion any com mat
can be conveniently applied to that purpose 10 pay
at par and cancel any six per cent. United o.'le
bonds which have or may become redeemaDle ny
the terms of their issue. The remaining lea1ult VI
the bill authorizes the Secretary to receive umteu
States gold coin on deposit Tor not less IMAM thlly
DAYS, and to issue certificates of the deposit at
rate not exceeding three per cent.*per annum,
which coin may be withdrawn on ten days notice.
not less than % per cent OIL TINS deposteu com IN
the Treasury shall be retained there for the payment
of said certificates and the excess about % per cent
may be applied 1t the discretion of the Secretary to
the redemption of such outstanding bonds as have
nutuled.
THE YEARS INTERNAL REVENUE.
II is thought at the Internal Revenue Office that
when all the reports of revenue receipts during
y
wear Just ending will reach at least SlS6 100000.
An observing scribe at the Capital relates that
The new Attorney General found his way up to
the Capitol Thursday afternoon, and was ushered
mo the house by Georgia member, who conduct
cd him to a sofa, where he remained during the
discussion of the Funding BILL which was then
being considered. He carried huge cotton
umbrella under his arm, tied around with string
tie i, reported TO be man of about 60 years, with
prominent cheek-bones He was dressed in Il
~louchy suit OF black. is partly bald, the few hairs
remaining being of butternut color and straggle
around with IN utter disregard of discipline. The
CORES ponlen AYERS that had not al the door
keepers been informed that the strange philosopher
was Il Cabinet officer. they would have made de-
scent upon him and hustled him of the floor for
hummer who mad got III while some one had been
OH duty None OF the members paid him any at
tontion, or sought an introduction. Feeling like
stray eat, he soon slipped of rs noiselessly As he
came, with painful realization that in the House
OF Representatives there no disposition to wei
come rebel officer
TIE DARIEN EXPEDITION.
Capt Selfnlge has arrived at Washington and
made his report. Caledonia and the Mort routes,
both thoroughly surveyed, are pronomcedby Capt.
>tlfIidgc to be impractlcable. He says the San
Bias route can be made successful; but he had not
finished surveying the latter route when the rainy
season commenced, which together with the eX-
hauStion of supplies, clothing, etc, compelled him
10 abandon further progress for the present. This
route includes twelve miles of the Bayamo river,
feet rs high tide with an excellent surrounding
country and twenty>iX miles of mountains or high
hills. He says there is no doubt the canal can be
cnl through those mountains from ocean to ocean.
and the only thing to be considered is the
He suggests that if this Government feels unable
to undertake the work it ought TO make PROPOSE
ton To the great powers of Europe and make the
canal an International enterprise with guarantees
from AL the powers for its preservation and safety.
and each 10 bear the same proportion of the expense.
Capt. Sehidge's report and explanations We're
highly complimented by the President, the Cabinet
officer, and Admiral Porter. Gen. Grant was
much pleased with the results of the EXPEDITION so
far, and stated that he would recommend to Con-
further appropriations for the enterprise. and
appeared to think that this country should do all
work selfanI take all the benefits. Capt Selfrdge
was to-day relieved from the command of the Nipsic
anti ordered to Portland to prepare for the renewal
Of the survey next Fall He says he lost one man
by drowning and three by deserton. and that the
general health of the fleet officers and men was
excellent considering the disagreeable rainy sea
son.