Oregon Republican. [volume] (Dallas, Or.) 1870-1872, 1870-03-12
Telegraphic Summary.

uatlOH, Wy tuc uAlieoif, 10 unuSi Soin6
searching investigation at Washing
ton.
Logan, on account of this affair, sus.
tanned as it appears to be by Sheridan
and Sherman, will ask his Committee
to strike out the clause in the military
bill transferring the Indian Bureau to
the War Department.
NEW YoRK, March 4.-The Gold
Room was to-day the scene of intense
excitement. The price declined to
1l25, the lowest since 1862. The de-
cline has q depressing effect on mer.
camille circles ana the produce market.
The Post attributes the depression to
the weakness of foreign exchange and
the statement from Washington of the
foreign trade movement of the United
States, which makes the balance of
trade against this country for the six
months ending December 81, 1869,
only $4,000, 900. This statement be-
ing official is entitled to consideration
though the bears marks are being pre-
pared to make as favorable an exhibit as
possible. The Commercial contends
that the statistics are erroneous; that
the adverse balance should be $20,.
100000 instead Of S2,000,000; to
which should be added fully $35, 5,000,-
000. 0.for interest on bonds held in Eu-
rope. The Commercial adds, however,
that this balance, it is assured, has been
offset by the export of securities and Of
large purchases of American railroad
securities in Europe, and that large
crop and rapid shipment of cotton,
with caution on the part of the import
ers and exporters, have brought the
imports and exports closer together
than they have been for years. The
Post says that figures show that our
foreign trade is nearly balanced, and in
these figures no account is taken of the
shipment of American securities, and
there are many who believe in the
theory that Europe is indebted to
: America and not America to Europe.
Thus it will be seen that the railroads
are bringing the country to the verge
of specie payments.
New York, March 5.-The trans
actions at the Gold Board, to-day, are
estimated at s85,000,000. making it
one of the largest days work since
September. Business did not cease
with the day, bnt remained to the
small hours of the night. Six or seven
failures of Bull operators are current
ly reported Tonight If gold reache:
l10 there will be 200 or more Bets
are freely made tonight on furthe'
decline, and one wager was made that
it would touch 10S within week
Dry goods aon are complaining Of
stagpation of trade in consequence ot
the decline in gold.
Three Thousand dollars of American
silver was shipped from Montreal tc
New York yesterday on orders from
, restaurant and saloon keepers, who in
tend TO give silver in change
CINCINNATI, March 5.-A numbe
of dry goods and other stores began
paying silver change to-day. Proba
:. bly, many more will follow on Monday
/ The brokers sold all their silver to b,
J.. used for that purpose.
WORCESTER, March s. Sevefa
!, business houses of this city resume
specie payments yesterday.
:, CHICAGO, March IA Tribune
). New York special says several politi
clans have been canvassing the polio,
of running William FL Seward 70
Governor Of New York on a ticke
uniting conservative Republicans wit
IS the best portion of the Democrats. Th
>. proposition appears to be favorably re
; ceived, though it is strongly oppose
by the Tammany ring, who will nomi
nate Hoffman or Tweed at the nes
r. election.
e WAsHINGToN. March 6.-Governt
Stevenson, of Kentucky, telegraphe
"a to Golladay, refusing to accept his re!
ignation as q member of the House
&c Representatives, and saying that h
= duty to his State, his constituents an
re bis own honor, demand full investigi
y ton of the charges against him in rel
= ton to the sale OF cadetship by Il
only tribunal TO which he is amenab
le under the circumstances.
,e Golladay is accused Of selling cade
ar ships in the West Point military schoe
:. NEW York, March 7.-Rev. ID
9 Clarke, of the Forty-second street Pro
% byterian Church, lectured last eyenir
T; on the subject of the Bible in the Pu
lie Schools. He made severe arg
ment against the Roman Catholics, q
:. serting that the cause of this sectari,
"a movement was that the papacy, whi'
= was growing weak in Europe, seeks
y recover its vigor on our soil. He war
y ed the people of the Divine displeasu
~ in seeing Gods word banished fro
sc schools. Rev. Mr.. Hepworth, of &
=. Church of Messiah, preached last eve
se ing on the same subject. Previous
~ the sermon, 8 petition to the Legisl
oh ture against sectarian grants was circ
ne lated in the congregation for signatur,
h1 Mr.. Hepworth considered that We a
'ei on the verge Of Q revolution whose !
r. suits would be moro important th
~ anything occurring in American b
WI tory since the declaration of Indepe
te. dnucp Ha said hia Yrincin1a ,vao d