The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1872-12-18
WASHINGTON.

WARRINGTON, December 17.-OAkes
Ames was examined by the Credit Mo
biller Committee to-day. Jas. B. ALLEY
will be examined tomorrow.
Atler considerable discussion IN the
House, the bill TO appropriate one hun.
dred thousand dollars 10 The Vienna Ex'
hibltion went over till tomorrow. r.
Mr.. Brooks, In Q personal explation, de.
MED the charges against him In connec-
tlon with the Credit Mobiler matter.
George Bliss, Jr, has been appointed
District Attorney for Southern New
York.
The Senate this afternoon resumed the
consideration OF the French spoil0tiou
bill.
Dir. Boutwell, and Jay Cooke were be-
fore the Committee Of Ways and Means
today, concerning the negotiation for a
new loan. ....
The House Committee on Foreign AZ.
iairs to-day asked 10 be relieved from the
consideration of the bill providing for the
disposal or distribution OF the Geneva
award, and to refer the subject to the
Committee on Judiciary.
The Senate Committee on Appropria.
tiOns to-day considered the recOmmenda.
tion made BY the Secretary Of the Inte.
rior, and was urged by the Wisconsin
delegation In Congress 10 apprOpriate
$50 900 for the removal Of the Winneba-
go Indians from Wisconsin to the Indian
Territory, but the proposition failed to
receive the Committees sanction. It is
understood 1t will bo urged in the Senate
by the Wisconsin Senators as an amend.
nent 70 the Indian appropriation bill. A
number Of other proposed amendments
to the bill were rejected by tho COM
Tbe,Supreme Court will adjourn from
the Goth inst. to the 9Th Of January.
The President nominated Enoch ia.
cobs, Of Ohio, Consul to Moatevido
Secretary Boutwell, and Jay Cooke
were before the Committee OF Ways and
Means, this morning, in reference to the
Funding Loan. BoutwelPs explanation
ot 500, 100000 negotiation OF last year
was fnlEand complete. He showed that
the alleged loss OF interest growing out Of
the necessity Of giving 80 days notice to
holders OF called bonds, was practically
unavoidable under any plan that could be
adopted; since, even with money on hand
to meet the cGtl It must first be realized
from the sale Of bonds which would
bear interest," from the date OF issue He
iurther showed that the amount Of inter.
est so paid, together with the whole cost
Of negotiation, including the engraving
and printing Of bonds, was reimbursed to
the treasury in saving the interest by
the new issue up to the first Of June last,
and.that there has been since saved over a
million dollars In reduced interest. The
annual saving from that negotiation
amounts TO two million dollars, with in.
terest annually accruing and compound.
ing thereon during the term Of the debt.
The secretary considered this plan the
best that could be devised, involving
less cost to the government while 1t did
not interfere with or In the least derauge
the ordinary operations otmonied or com.
mercial interests.
Ar. Cook said he had little to add to
the Secretary's statement. he would re.
fer, however, to the fact that when the
Government was borrower at high
rates oi interest, all other borrowers as A
rule were obliged topay still higher rates.
The lower the Government rate, the bet
ter 1t was for industrial and commercial
enterprises Of all kinds. His firm con-
vlcton was that an attempt to sell the
new FIVE per cents, and 10 retain
the proceeds OF such sales In gold unth
the called 9 per cents could be bought in,
which would create the drain Of money
from its ordinary channels, and speedily
check sales, thus depriving the govern.
ment Of means to redeem the 2.20 bonds
BY the plan recommended by the Secre.
tary. This difficulty, as shown BY ex-
perience, would be avoided, and the con.
Version into new bonds would be effected
without the slightest monetary or com
mercisl disturbances.
LETTER CARRIERS FOR CITIES OF 10000
The House Commmittee on Postoftices
aud Post Roads have agreed to recon-
mend the establishment Of the letter car.
rter system in all cities Of 10000 popula.
ton.
The House Committee on Commerce
to-day heard the argument on the cues.
ton Of the Atlantic and Great Western
Canal to unite the Mississippi with the
Atlantic. The Committee will report the
bill at sn carly day to carry the project
into effect,
CABINET MEETING.
The Cabinet session to-day was attend.
ed by all the members excepting Secre.
taries Robson and Dclano. General
Cowen represented the Interior Depart.
ment. The session did not last more than
two hours, and there was nothing Of un-
usual interest considered.
THE DOUBLE POSTAGE sw1NDLR TO BE
STOPPED.
The House Committee on Post Offices
and Post Roads to-day agreed TO report a
bill declaring the true intent and meaning
OF Sections 150, 15l and 1853 of the Posi-
Office act passed last session, are, that
where one fall rate Of postage has been
paid on mail matter, ii shall be forwarded
to Its destination, charged with the un.
paid rate, to be collected on delivery, and
that no double rate postage shall be col.
lected where such partial prepayment
has been made.
THE NATIONAL BANKS.
Previous to the distribution Of 1884,
000, 600 Of National Bank notes provided
by law, the National Banks in a few in.
stances were authorized in the Eastern
and Middle States, and currency issued
IuDun condition that tho rirrnIafinp ontos
OF the banks which had closed business
should first be returned to the Treasury
Department Tor destruction. Tho whole