The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-04-28
A Washington dispatch of Monday night, t
the Baltimore Sun, says:
PENDING FINANCIAL QUESTIONS.


| PENDING FINANCIAL QUESTIONS.
There was more than usual Interest felt to-day
| at the capital over the meeting OF the Ways and
Means Committee, and the Banking and Curren.
| CT Committee, as each had important 1Eancal
| matters under consideration anu the Impression
prevailed that some decisive result would be
reached by the former on the Funding bill. and by
the latter on the bill to AFFORD additional banking
facilities by large increase OF the natlona BANK
note circulation; but nothing was done after all,
| beyond amending the Senate proposition on the
same subjects and In what way Is not positively
| known outside OF each committee room. There
| Is no doubt, however, that the Ways and Means
Committee have agreed TO radical amendments
to the Funding BILL In Guiding the Sth, or compul
| sorry bank section, which virtually make new
bill. Probably the committee Will perfect the
| same tomorrow and report the measure by We'd
nesday. The Banking Committee nearly perfect
ed their Currency BILL and will probably agree on
| IL tomorrow, though 1t Will hardly be brought
into the House before the Ways and Means Com
mittee show their hands on the Funding BILL
Agents from Wal. street and newspaper men
were on hand In pretty coed force to-day to learn
the result Of this preliminary legislation on the
| finances.
THE INCOME TAX.
The disagreelng votes OF the two houses on the
phraseologS or the resolution regarding the con.
tlnuance OF the income tax for the present year,
was to-day referred to q committee or conference
1t does not look now as though the question OF
continuing the tax beyond the present year would
arise from the differences on the pending bill but
reported The statement OF the chairman Of the
committee on Saturday that 1t takes all the reve-
nue. derived from the income tax to pay the an
nual pension roll, has weakened the determine,
top OF some members to vote for the total repeal
OF this tax.
THE LEGALTESDER CASES.
The counsel OF certain railroads are here from
| Philadelphia for the purpose OF getting the Dem
| ing legal-tender case reinstated In the Supreme
Court. 1t was dismissed, with the others, last
IS 10 ooi1 o
only offered to pay the Deming claim, which Is
few thousands, but have offered TO give q bonus
| to the counsel In the case to get it reinstated.
| Attorney-General Hoar Is eager Tor an oppvrta,.
nifty to argue the matter, but 1t Is very doubtful II
the Supreme Court will now entertain any mo-
tlon for reinstatement. The point ls that the de-
thtse railroads to pay coin on their bonds issued
before 1852.
RAILROAD LAND GRABS.
The House Pacific Railroad Committee have
just decided to recommend the passage OF the
bill which passed the Senate, allowing the North
ern Pacific Railroad to issue its own bonds and
mortgage their property to secure the same. A
most formidable opposition Is starting In the
House against the land-grab railroad policy.
Outsiders seem to be mainly interested. and have
commenced mailing newspaper articles agalnss
1t to every member OF Congress.
THE RIGHT OF PASSAGE THRoUGH STATES.
General Butler In conversation with gentle
man few days ago, stated that the constitution
did not delegate the authority to Congress to
pass charters for building railroads across States
which opposed 1t, therefore he and others. who
thought as he did, could not support the propos-
ed Cincinnati and Chattanooga bill pending in
the Senate.
ARMY REDUCTION BILL.
1t has been stated that the Senate military COM
mittee had decided to materially alter the House
bill reducing the army. This i3 q mistake. The
committees substitute will be reported In day
or two to tile Senate, with recommendation
that it pass. 1t includes the substantial FEATURES
OF the bill as 1t came from the House. including
the pay schedule proposed by the House, out
onits the compulsory mastering out section OF
the House measure. The bill essentially reduces
the army to twenty-five thousand men, and mus
tiers out OF he service large number Of officers
The salaries OF Sherman and Sheridan are reduc.
ed, as provided In the House bill. The rank OF
general and acknowledgement Is to expire with
the present holders OF it, and no vacancies occa.
stoned By death In the jor.generals are to be
filled until their number IS reduced below three
and none In brigaders are to be filled Till their
number Is reduced below six. This result causes
q profound sensation In army circles here, as the
regular service has been confident that the main
features of the House bill making 80 large
| reduction would never meet with favor IN the
Senate.
ORDERED TO TIE INDIAN FRONT.
Special orders have been issued from the War
Department directing the Itch United States In.
| fantry, now stationed in Firgloa, and the l4th
Infantry. now Ia Kentucky, to proceed win al
thence to the general commanding the depart.
| mentof Dakotah for duty. Their co!onels Will
select suitable officers to take Charge OF the COM
pany and reglmcntal property pertaining to the
! command, which will he forwarded after the re-
| glments. The War Department order removing
the l7th and l4th regiments OF infantry from fir-
| gin!a and Kentucky, aud assigning them to duty
| in the department OF Dakotah, removes all the
| troops now performing duty in those States. The
| understanding is that the move has something TO
do with the condition OF affairs In the Red River
country, and refers to tue neutrality OF American
soil during the existing troubles. There are, be.
sides the troops which are TO be sent thiher, al
ready In the department OF Dakotah three regi-
ments OF infantry anu battalion OF cavalry.
THE GEORGIA BILL.
misapprehension prevails as to the striking
out OF the Bingham amendment to the Georgia
bill by the Senate. This Is literally true, because
the whole House bill, Bingham amendment and
ali. was stricken out by tile Senate. The Bingham
amendment simply provided for an election next
fall The oomeroy amendment, as passed by the
Senate, provides for an election next fall. The
bill, as passed by the Senate, and the Bingham
amendment both require an election next fall.