The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-04-24
WASHINGTON.
ICpcinnati Convention Matters
,halrma Hship Of the Re-
publican Congressional
Committee.
An Important Financial Measure
rho cincinnati NOvpmpnt-OppOsi
u" zion TO Judge Davis.

zion TO Judge Davis.
W,,HINGToN, April 22.-lnquiries in
,ae,oas directions among those at
,.,, 'or the Cincinnati Convention,
al who really represent much Of Its
..,r-a' strength, develope the fact that
,.-y strong opposition exists to the
,.,o nation of Judge Davis, and that
,,.,h ,eyrral prominent men it extends
:. far 3. 10 elicit declarations that the
.rnr4,iou shall be broken up rather
IN accept Davis a. the nominee.
kni Of opposition comes chiefly
.. those OF the cleanest Republican
ord The main strength that Davis
!. .n connection with the movement
...., from the belief that the Demo
,-t Convention will most readily
sept him. In this connection it is
sn that the Democratic managers
..- have sent men into the South to
- the expenses OF the delegates from
i. lection TO Cincinnati, who will vote
. Davis The weight of opinion
son. those most prominent in the
-ment here is that Davis cannot be
mated.
OF Republican Con.
gressiOnaI Committee.
There is considerable interested man
-.'ri here Just now with respect to the
e, arman-hip OF the Republican Con-
..-..oua, Committee. to take charge OF
.- lruing Presidential campaign.
b. the -,r;ci Republican SIDE the intlu-
~ oi the Liberal movement is elt,
h ,ymrath'zers in this direction are
-.,nsrrro.nltlon. Among others who
s-rnow mentioned in this connection
H. senator Logan and Speaker Blaine
,a~ latter has been urged in very intlu
/ tai Jpar,ers to take the position, but
B icc.mes with particular reference to
r-y6,n- h. services u his own State
cg-.us the fall Logan has been ap-
lrytchei in this connection, but he IL
lon-commlttal whether he would accept
O. not Whoever the place may be
fuaIly rendered to, it il pretty certain
THAI I:ch. Chandler vi! not be retained
t5r another term.
AN Important Financial Measure.
The bill which was introduced in the
.li .l.e today by Fernando Wood, rela-
.l.e 90 the construction OF the currency,
... prepared in New York, by some Of
,.- mot prominent bankers and busi-
... m~n Of that city. after consultation
.a'l r., r~--utatlves from the same
a--r- N other cities OF the country.
.- t,. provides that the Secretary OF
Treasury is hereby authorized and
.-r.- to set apart OF the coin on hand
q ~ treasury at the passage OF the act,
R-nl million dollars, and to issue in
4 'rnier notes OF denominations not
-., than one thousand dollars a fur.
-. .gm OF twenty-five million dollars,
20 iortvfve million dollars shall be
Tinted and held exclusively for the
.-r,.e- hereinafter stated
>sUoS , The forty.five million
- 10 he issued and reserved &C.
/ '.rg 10 the first section OF this act,
i - tr placed in the hands OF the Assist
s., .'ra>urers of New York, Chicago,
sir'phia and Boston. to be loaned
.:ru on pledge OF United States
-, under conditions and stipula-
hereafter stated, viz; TO New York,
'oureen millions, legal tender
fifteen millions; to Chicago, coin
;" Millions, legal tender notes five
"n.. to Philadelphia, coin two
..ogs, sal tender notes three mil
.. 10 Boston, coin two millions,
| - tender notes two millions.
>.I'oS ;. 1t shall BE- the duty OF the
'%ant lreasurers aforesaid to make
So: legal tender notes, to be issued
'.> act, for any period not longer
- one year, to any or all corpora
= or individuals upon pledge OF
o' the | nItes states, 10 the eX-
H"' ninety per cent of the par or face
.ro OF said bonds, and to charge as
-; on said loan at the rate OF not
=" nan eight per cent per annum, and
ian Of the coin set apart for the
''"ses OF this act to any and all cor
n.5nS or individuals who may apply
,ae anne on the pledge of bonds of
a.ied States to the extent OF eighty
p" -ntnm OF the par or face value of
'oDis Proride3, That the differ
between the market value OF coin
a .egai tender currency shall not be
Z than twelve per centum, the As
'.a'' Treasurer shall reduce his loans
CON on the bonds the pro rata differ.