The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1874-11-13

has addressed to the President OF the United
States protest against the further occupa-
ton Of the State by Federal troops.
The Louisville Courier-Journdl publishes a
number of extracts from letters aud kilograms
to merchants and business men Of that city
from all portions of the South indicating
revival Of business anu the restoration OF con-
fidence in the stability of affairs there in the
future.
Washington.
A Washington correspondent Of the Chicago
Tribune states that sit is more than ever
probable that the law converting Congress on
the 4th of March will be re-enacted, since it
is understood that many Democrats are in
favor Of 1t. BY it's re-enactment they viii be
enabled to proceed at once to the work of re-
pealipg or attempting to repeal such measures
as have been passed by the Republicans AZ
are obnoxious to them. Anticipating proba-
BILE opposition from the Republicans, the
advisability OF preventing the passage
of one or two important ap-
preparation bills with view to forcing
cussod. On the other hand the Republicans
are devising legislation which will make the
Democratic House powerless for mischief,
such as a measure to authorize the Secretary
of the Treasury to borrow money for current
expenses in case OF failure in Congress to
appropriate, and others of the Sort IL such
a bill should pass at the next session, the
the two branches would be entirely different
in political complexion, and Republican Sem
ate would be in existence to defend and pro-
tect the work Of Republican majority in the
Forty-third Congress-"
Fernando Wood, Gen. Banks, S. 8. Cox and
ex-Gov. Walker, Of Virginia, are prominently
spoken of in connection with the Speakership
Of the next House Of Representatives.
At Cabinet meeting on the 7th inst. the
President expressed himself more at length
on the "third term" than ever before. He
said that a careful examination of the returns
in the different States showed conclusively
that the people were not influenced by
the wild cries on this subject. He
pointed to what he considered two notable
instances in proof of his assertion. The
South Carolina Republican Convention had
term, and it's candidate for Governor had
been triumphantly elected in the face Of
enormous odds against him. On the other
hand, in the Utica district, in New York,
where the Republicans had always had an
overwhelming preponderance, Ellis II. Rob-
erts insisted upon the Congressional owen
ton which nominated him pronouncing
against third term, and Roberts was de-
feated.
Gen. Spinner, Treasurer of the United
States, has completed his annual report he
again advances arguments in favor of issuing
interchangeable bonds bearing 3.65 per cent.
interest. He thinks that the chief objection
to a metallic currency is it's lack Of elasticity.
He believes the rate of interest of the pro
posed bonds will be high enough to sell them
to the absorption of any surplus currency at
any time, while it will be enough to force a
return Of the bonds in exchange for legal
tender notes when the business of the country
demands more currency. The rate Of interest
at one cent a day on the hundred dollars
would be popular with the people, he says,
because it is easy Of computation. He argues
that the conversion of the 5s and 6s into
low rate bonds in the event Of the condition
of the currency demanding such conversion,
would result in the material reduction Of the
interest Oh the public debt, and make it pay
able entirely in national currency at home and
not in gold to foreigners.
Political.
Charles Francis Adams is spoken Of as the
new Senator from Massachusetts,.
Hon. John Morrissey is mentioned in con-
nection with the Office of Sergeant-at-Arms of
the House.
Hon. Joseph Medill assumed editorial con-
troll of the Chicago Tribune Nov. 8. In his
salutatory he promises to give to the Repub-
lican party and principles hearty and gener-
Gus support but his paper is 10 be the organ
of no ring or clique, and will fearlessly cfiti-
else all party leaders and measures.
1t is understood that the friends OF Colonel
James Bar, editor of the Pittsburgh Post, will
present his claims for the position OF United
States Senator, representing the western part
of Pennsylvania
General.
passenger train on the Chicago Burling-
ton and Quincy railroad, in endeavoring to
make up five hours lost time, made the dis
lance from Gaesburg to MENDOZA eighty
miles, in two hours and one minute, stops not
deducted.
The Changers of Eastern Michigan will hold
a convention in Detroit, Nov. 10 and 90, to
consult on the subject of getting supplies at
the lowest rates.
The next session Of the Protestant Episco-
pal Convention, recently adjourned at Now
York city, is to be held in Boston in 1877.
The Agassiz Memorial Fund in Boston
amounts now to 512l, 005.
All the military convicts are to be taken
from the various penitentiaries throughout
the country whore they are confined and inn
prisoned in the buildings at Fort Leaven-
worth, which are now nearly completed.
The insurance companies which withdrew
from Chicago several weeks ago have re-
turned
The soap and candle works of Werk q Co.,
at Cincinnati, we're destroyed by fire recently.
Loss s15O,OOO.
The lines Of the Franklin Telegraph Com
pany have been leased by the Atlantic and