The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-06-06
NEWS OF THE DAY.

Gold closed yesterday at l4sal4s.
~. The New York cotton market c!oseo
steadv. mIddlings 27a27s cents; sales 26z1
bales. .s,
The Liverpool cotton market closed
strong; uplands 1l3d; sales 10000! bales.
.z,-Mr. Dlsraeli, as retired minister, receives
government pension Of ten thousand dollars
per annum.
1t has hitherto been the custom OF tne
English publishers to supply the retail oook'
sellers and Dewsdealers with thirteen copies
of their publications, charging only for q dozen.
They have, however, rece1ty given notice
that fheyw In future. only give twelve copies
to the dozen. The retail dealers OF London
have determined to oppose this reduction, and
have organized themselves into United
Booksellers and News. Agents Association, to
resist. the, change, and to favor the sale Of
those publications of which the extra copies
are allowed. The retailers In the other large
cities have also taken similar measures.
Some people suppose that 1t will require
tvo.thrds vote In the Baltimore Convention
to abolish the two-thIrds rule. But the fact Is
that each national convention is an indepen-
dent, selfgovernlng body, and makes its own
rules. Until 1t adopts a two.thirds rule, there
fore, there can be no such rule, and the rules
are all and always adopted by a majority
vote. 10! The Richmond, Virginia, Dispatch
calls attention to, the further fact ''that the
two-thirds rnle, as 1t is called, he's never been
used except In voting upon nominations. In
determining whether it will make new NOM
inatloR for President or not.t the convention
will OF course be goVelaed by majority OF
It's members # It determines to nominate
new candidate, the two.thlrds rule may then
come Into play" ~ s,,..r ...... r.ttss
Congress has passed bill amendatory OF
the bankrupt law. It allows all exemptions
allowed by any State law on the first day OF
January, 1871. This win save to bankrupts In
Virginia two Thousand dollars worth Of prop
other estate In lieu thereof, If the State law
&c provides; also In life Insurance. to the
amount Of five Thousand dollars. The time
during which bankrupts may be discharged
upon payment of fifty per cent. OF their in-
dsbtedness Is extended until July l, 1878;
Judgments obtained against persons or proper
ty before petitions in bankruptcy are filed are
to be arst and fully satisfied Changes In the
methods of appointing registrars, in the matter
OF marshals' fees and other less important par
ticulars, are also made.
Theme tariff and tax blu has passed both
Honsss Of Congress, but with disagreeing
amendments. The principal point of differ
elce Is the proposed payment OF one-third OF
the duties In greenbacks, this change being
disapproved of by the Senate. The free list
as it passed 1.-the House has been considerably
enlarged by the Senate. There seems to be
no doubt that the committee of conference
will arrive at satisfactory agreement on all
disputed points. The tax on spirits has been
fixed at seventy cents gallon as an equiva-
lent for all the present taxes. In the Senate
all the stamp taxes In schedules B and G, In,
Guiding nearly all the stamp taxes, were abol-
ished., The, Senate bill instructs the President
to reduce the number of Internal revenue col.
lection districts to sixty, and abolishes the
system Of .moieties Of penalties to informers.
The action of q conference committee ls gene
rally final, its report settling all the points OF
difference, being usually accepted by both
Houses Of Congress.
General Longstreet goes back on his March,
letter In favor of Grant, and comes out for
Greeley. BE says his, letter urging the re-
election of Grant was written under an erro-
neous impressiSn that Grant agreed with him
In politics, and was, not responsible for the.
conspiracy Of the Federal officials In Louisi.
ana to supplant the State government. Grants
subsequent course, however, with reference
to. Louisiana affairs, has, in General Long
streets opinion, drawn az impossible line be-
tween them. In stating to the reporter that
he was for Greeley. General Longstreet de-
fined his position as that Of Republican In
favor OF State rights and opposed to State sov-
ereignty. AS the practical question now was,
shall we change our form Of government
General Longstreet believed that the only way
to hit the golden mean between Capitalization
and disintegration was by supporting the Gin
clnnaR platform and ticket. General Long
street was ope of the signers of the call for
the recent great Liberal ratification meeting in
New Orleans. a5..oa-g .H1
"a The proposed amendment to the Constltu.
tion OF the United States providing for an
election Of the President by direct vote of the
people, introduced In the Senate by Mr.. Sum.
ner, although it contemplates no change in
the existing tenure of the Presidential office,
renders an incumbent of that Office forever
after ineligible for reelection. It is provided
that the qualified voters shall assemble at their
usual places of election on the first Monday In
April, 1876, and choose by ballot the President
whose term begins March 4, 1877, and that
Congress shall prescribe the necessary rules
and regulations governing the election. Such
an election shall be held each fourth succeed.
ing year. The Office Of ce-Presldent is
abolished, and the Senate is to choose their
own presiding officer. If Congress be In ses-
sion at the time vacancy shall occur In the
Presidential Office, it shall meet in Joint
convention and elect President, who shall
serve out the remainder of the unexpired
term. II 1t Is not in session ut that time 1t
shall be convened Immediately for that pur-
pose.
The unqualified success OF the strikers of
all. crafts in New York Is still continuing, and
as fast as one branch of Industry becomes