Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1874-07-09
POLITICAL.

| In letter to the Cashier of Chicago bank
the Comptroller of the Currency gives the
| following construction of the new Currency
act in reference to the reserve required to be
held by National Banks
My construction of the act of June 20, 1874, in
reference to the reserve of the National Banks is
that the reserve upon circulation il abolished
but that the National Banks are required to keep
reserve upon deposit as provided n R sections on,
certain proportion of which must be kept on
hand, and certain other proportion with the re
serve agents in the cities enumerated in the sec
tons referred to. The banks are also required TO
keep an amount equal to per cent. of their cir
culation on deposit with the Treasurer of the
| United StatesyVhich amount may be deducted
from the a-agS safe amount OF the reserve required
| to be kept upon the deposits.
Recent Washington dispatches state that it
has been discovered that, by the provisions of
a bill which was quietly passed by Congress
| at its recent session, on complaint for libel in
Washington an editor of a newspaper can be
arrested anywhere and conveyed to the national
capital for trial
The Massachusetts Legislature has refused
TO pass License bill over the Governors veto
The vote stood 10 to 90.
The New York Liberal Republican State
Of September.
The Illinois Prohibitonists met in State
Convention at Bloomington on the 30th ult,
seventy five delegates being present d. L.
Bum, of Decatur, was elected President. Res
olutions We're doptcd-dcnounCing the
traffic in liquor a. a dishonor to Christian
civilization; favoring moral as well as politi.
cal action by temperance men; demanding
the reduction of official salaries and perqui-
sites; advocating the election of President,
Vice President and Senators by direct popular
vote; commencing the course OF temperance
women in their efforts to stem the tide of in
temperance, and requesting them to
continue their efforts in the same
direction until they shall be given the
ballot, and layorng the substitution ot-green-
| backs for National currency, and the return
to specie basis as speedily MS compatible
with the public interest. The following nom
nations were made: State Treasurer, Maj
Little, Of Pana; Superintendent of Schools,
Mrs Jennie F. Willing, of Bloomington, Pro-
fcssor in Wesleyan University.
The Massachusetts Legislature has ad-
iourncd sine 6e Among the last acts passed
was one declaring women eligible to serve on
school committees
The Democratic Executive Committee Of
Georgia have decided not to call State Con
ycntion.
Tie people Of Arkansas have declared, by
large majority in favor of a Constitutional
Convention.
The Iowa Republican State Convention met
at Dcs Moucs on the LIST. Hon. Theodore
Guelich, of DcS Moincs, was made permanent
Chairman and Capt J. Grtiiths, of johnson,
and J. f. Williams, of Dallas, Secretaries.
The following nominations were made: Hon.
T. D. Young, Secretary of State; Capt. I. {.
Christy State Treasurer; b. K, sherman,
Auditor; David Sceor, Register of the state
land Otice: NJ f. Cults, Attorney General;
+. f Holmes, Clerk of the Supreme Court;
J. 5. Ruuncls Supreme Court Reporter.
George c. Hcbtrling of Jackson, was elected
Chairman of the State Central Committee,
Resolutions were adopted-favoring free
banking and return to specie
payment rs speedily Is consistent
with the material and industrial interest Of
the country, insisting that the obligations Of
the Government shall he paid in specie; de-
elarng that the power to regulate inter state
commerce, whether 10y railroad or water
highways. vests in Congress, and that III a
body should legislate rs to prevent eNtor-
tion and that il should provide for the inn
movement of tile great natural Waterways
That tic State has power d regulate railway