The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-09

| had among his guests the members OF the Cabinet,
| Senators Anthony and Wilson, General Sherman
| and Admiral Porter, number OF whom were &C
companied by their wives. The table ornaments
had been FURNISHED up, and the profuse display Of
rare flowers from the conservatory added to the
| fine appearance Of the table.
The Credit M0bilfcr Invcstfg ators
heard few plaintive explanations from the saga
cious Alley to-day, but no new facts ELECTED.
Indeed chow not to do it" appears to be the motto
| Of the committee, who content themselves with
listening to carefully prepared written statements,
| revised by good lawyer, and then ask q
| few questions about it, This may satisfy
the venerable Poland and his associates, but
the people win want to have little more infOrma-
ton. They win want to know exactly how many
shares were placed; on what days they were
placed; who was to receive the dividends thereon;
on what days those dividends were paid, and when
the stock was returned to Ames; on what days it
was returned. The platitudes Of Alley are too thin
| and dates are demanded. ,
Tho Refunding Of the Six Per Cent into
Five Per Cent Bonds-views OF Prom
mont Bankers. lat rA tUfll. el al
Mr. William B. Duncan, Of the banking nrm Of
Duncan, Sherman d Co., of New York, and Mr..
Joseph Patterson, the senior member OF the bank
ing nrm Of Patterson 4 Co., OF Philadelphia, ap
peared before the Committee onW avs Means this
morning. In response to an invitation by the CON-
mttee and expressed their views ON the subject OF
refunding the six per cent into five pes cent bonds
| The Chairman, Mr.. Dawes, minated that the COM
mittee desired to have the views of gentlemen
eminent In financial matters In the great cities,
who were not at all identified with the operations
Of the so-called Syndicate. The whole subject was
| gone into at considerable length, the sub
stance srpf the opinions given being that the
of nj tho aroti fho
to take the United States bonds out the hands OF
small investors, where they had the greatest per-
manency, and to put them in the hands Of bankers
and brokers and large investors in the great fnan-
cial centres, where they were liable to be affected
by the frequent fluctuations In the money market.
This Mr.. Duncan regarded as an ev which should
be avoided, tending 1t did to lessen the popn-
larty of the bonds and to that extent depreclate
the credit OF the government in the markets OF the
world. Both gentlemen conceded in this view and
also In the opinion that the better policy
would be not to endeavor to force the
market at the present time, but to wait
until the money market is In more favorable con-
dition for the refunding of the debt at lower rates
OF interest; to let the matter be done under the
immediate control of the Treasury Department,
without the aid Of intermediate parties; and that
the bonds should be Of q uniform character as to
rate of interest," to the period for which they are
to run, which are to be q long period, and as to
the place where they should be made payable
which should be at the Treasury OF the United
States Mr.. Boutwell, was present at the inter-
view. The discussion was stenographed by one OF
the official reporters Of the House, and will be-
when written out and revised, furnished to the
press for publication. On sH
Proceedings I'm the House-salaries OF
Territorial Governors-Defeat or an At
tempt to Raise the Presidents Salary
to $4,000. l @
The proceedings in the House to-day were ex-
ceedngly dull and monotonous. A lew members
had all the talk to themselves, while the rest were
ounging about in noisy groups paying as little at
tention to the subject before the House as it con.
cerned not the interest of this country, but the
affairs OF some remote cannibal island. The voices
| OF the different speakers were drowned by the
noisy hum of private conversation, ana 1t was only
| after repeated pounding Of the Speakers malet
| that something like quietness was restored tempo
rariy.
Among the more important part of the proceed
ings was bill by Mr., Mckee from Mississippi,
fixing the duration Of Territorial Legislatures to
forty days. and increasing the salary of Territorial
Governors to $500, their present compensation
being only $1,000. Mr.. Farnsworth opposed the
proposed increase, saying that II the present in
cumbents not satisfied with their salary there
are plenty of men willing to take their places for
the present pay. To this objection Mr. Mckee gave
q home thrust remarkng that there are plenty OF
men willing to take Mr.. Farnsworths place in the
House for smaller compensation than he receives.
Mr.. Holman, from Indiana, who is with a sharp
stick after every measure tending to in
crease public expenditures, also opposed
the bill, but 1t finally passed. At halfpast one
the House went into Committee Of the Whole to
resume the consideration OF the Legislative Appro-
priation bill. This was dreary enough work. and
SO little interest appeared to be manifested in it
that nearly all the appropriations would have
passed unchanenged but for the unwearied watch
fulness Of Mr.. Holm IN, who has been the watchdog
Of the public purse for the past twelve years. dur
ing which time he has stopped vast number Of
steals and saved millions to the Treasury. The
monotony Of the proceedings was broken
by an amendment, offered by the attorney
Of the Central Pacific Railroad Efigy Sergeant, to
increase the Presidents salary to $4,000. Here
Mr.. Holman made the point OF order that
the amendment would change the existing law, IL
being against the rules Of the House to introduce
special legislation into appropriation bills. Mr.
Dawes. the Speaker pro tenn, overruled the point
Of order and got ngurative black eye for his
pains. Mr.. Holman appealed from the decision Of
the chair and obtained victory by vote OF 81 to
90, while Dawes subsidized bafled, disappointed
man. AS the House stood then the vote against
Dawes ruling may be taken to represent the sent
ment Of the members present on the question Of
the increase OF the Presidents salary.
In the course Of the proceedings Mr.. Hale almost
succeeded in INJECTING second and similar indig
nifty upon the Speaker pro tenn. Surely after this
Mr.. Dawes will drop his pretensons to the leader
ship OF the House. After the consultation on
different details Of the bill, during which several
amendments Of small Importance were offered, the
committee rose and the House adjourned.
The Post Once and Internal Revenue
,~--.- Appropriations.
! The House Appropriation Committee met to-day
and considered the Post ONCE bill devoting