New-York tribune., 1873-01-22
CURRENT TOPICS AT THE CAPITAL.
lBY TELEGRAPH TO THE TRIBUNE.l
WASHINGTON, Tuesday, Jan. 21, 1873

ANOTHER SYNDICATE.
There s to be Syndicate operation. 1t appears,
in spite of the general dissatisfaction with the results OF
the last one and IN the face Of the condemnatons it
received from the press and in Congress- the Ways and
Means Committee OF the House decided to-day to take
action in the premises Secretary Boutwell, informed
them some time ago that unless they
adopted some resolution, pro con, he would
take their failure to act as an Endorsement
of his in placing the first instament Of the loan.
and would feel at liberty 10 20 and renew his bargain
with the syndicate WIN THIS notice, the COMMITTEE,
that is not their intention TO take any action on the
question placing the remainder of the $500 900 oan
The two Democratic members present, Beck5and Kerr,
against this resolution, after Offering substitutes
for it, which the Republicans voted down. 1t would
have been much more manly course for the Committee
10 have given the Secretary the benefit OF direct
ndorsement Instead of adopting the evasive plan OF
formally notifying him that they have opinion to ex-
press question of great national Importance, over
which they sole jurisdiction as far as the House Is
concerned The Secretary exhibited much sagacity when
he told them that he should take silence ON their part as
consent TO his proposition for another Syndicate He
doubtless knew that would be useless to expect any
positive decision from committee so little noted Tor
unanmity or promptude reaching conclusions. 1t is
now regarded settled that of the two rival bank
ing organizations formed for the purpose Will az once get
the rich prize Of placing the remaining sSOooO OF the
per cents.
ENCOURAGEMENT OF OUR FOREIGN COMMERCE.
The Committee on Commerce had the floor OF the
House at the end OF the morning hour to-day and called
up Subsidy bill reported last March for cODsidera
ton Mr.. Shellabarger delivered q carefully prepared
SPEECH tracing the decline Of American commerce. COM
pairing present trade with that OF England,
and strongly recommending Government aid the only
means OF restoring American ships fair share Of the
commerce OF the world Tie also pictured the condition
the country would find itself in In Of war; If con-
i'm our foreign commerce. Mr. Cox followed with sharp
attack upon the bill and upon the principle involved in t
terest AT the expenseof taxpayers who derive benefit
from it, The days session ended with an argument
nf fhn apd
to Mr. Cox's Free Trade arguments. The debate was
sufficiently general TO develop the temper OF the
was in progress and there evidently few members
whose preconceyed opinions will be changed by the
arguments brought forward either sde The bill has
no privilege after tomorrow, and must, therefore, be
disposed of in one way another after two or three
hours further discussion ls passage Is scarcc hopeu
for by its most sanguine supporters
THE LOUISIANA sENATORsHIP.
GENERAL PRESS DIsPATCH.l
Gen W. L. Mcmillan, Senator elect OF the Fusion LeRs-
lature for Kelloggs vacancy, has arrived here. He
served as a surgeon in the Russian army during the
Crimean war; and was decorated by the Car for dis
tinguished services. During the late civil he
commander Of regiment of Ohio volunteers, and at
tanned the rank Of Brevet Major General After the
war he settled In Carroll Parish, Louisiana, as
a cotton planter, and was elected to the House
and Senate Of Louisiana Republican, TO
which party he has Perslstently adhered he was
Gov Dennson OF Ohio. He will not present his creden-
tals until Mr.. Ray his competitor who was elected by
the Pinchback Legislature, shall arrive they having
agreed that neither should take advantage Of the other
by an earlier arrival here. In the Senate. to-day, MI
West of Louisiana presented the credentials of p B. g.
Pinchback, Senator elect from Louisiana.
Pardons were issued to-day from the office Of the At
torney General to the following persons:
Francis johnson convicted Name December 1871 OF
Cling days imprisonment W. Landon convicted
February 1879 Of the Internal In the
Southern District Of Mississippi; Lewis Wright con
yicted In 1871 Iowa, OF eountsrteing and sentenced
" Eve years imprisonmenj George Sylvester Wright
ycted South Carons Of violation Of the Enforcement and
fenced imprisonment; John Tucker convicted Indians
An 1884, Of robbing sentenced
Ceorge A. Dohey October 1871 Massachusetts, Of
om the naval service and sentenced 70 two
william convicted In Kansas October,
ise9 property and sentenced four
years end siI mouths imprisonment