The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1874-12-12

ne lOlal lOsS uS tIiS HiN ~ Nh''' ~ '''
w. Va, last night. is now estimated at
$4,000; insurance, $50 900.
Indian Peace Commissioners.
MUsKOGEE, |. T., December 1.-The
United States Peace Commissioners ar
rived here at Il. m., on Il special train.
They are having talk with n full dele
CATION of Cherokecs, Choctaws, Greeks,
Chickasaws, and Seninolcs. &. B. Fisk,
John ID. Long, G. g. Hammond, Rush
Roberts, Superintendent Enoch Hoag,
William Burgess, United States Indian
Agent for the Pawnccs and Major G. W.
ingalls,, United States Indian Agent for
the Consolidated Five Nations, were ali
present. Besides the regular delegates
there were several hundred Indians
present. The words of wisdom that
were dropped from the lips of Fisk,
Hammond, Long, Roberts and Hogur,
were translated in both Cherokee and
Creek. The replies Of Chief Ross, Major
Factor, Pleasant Porter and james
Thompson, of the Nation. were in Eng
lish. Chief Samuel Chccotc of the
Creeks, and Col. John Jumper, Chief Of
the Seminoles, was translators to the
commissioners. The leading idea Of the
commissioners seems to be in favor OF
some kind of territorial form ot gov
crnment; also the establishment OF |. =.
Courts among the tribes, and generally
the ideas of Secretary DclGnn,
and endorsed by the President
and Secretary of the Interior, rs
per late report. THESE ideas Old not
seem to meet the approval ofthc Indians.
The present committee of Indian dele
gates, two from each nation, are Prcpar-
ing u report. The meeting adjourned t"
meet at 9 o'clock Tomorrow morning.
when it is hoped the recommendations OF
the Commissioners may be adopted,
though perhaps somewhat modified.
The Greek orphan payment is being
made here to-day by Major q. VI. In
gals, United States Indian Agent, bring
ng II large number of natives into town,
to be enlightened by the United States
Peace Commissioners pow-wow.
Letter on the Financial Question.
INpIASAPoLIs, December ll.--H"n.
w. ID. kclly'S letter of December 9TH t"
r. B. Buchanan, Esq, Secretary "t the
National Executive Committee of the
Independent party, will be published in
the indianapolis Sm tomorrow. III
that letter W. ID. Kelly says: For the
present | owe duty the Republican
party, and will perform it so far rs | can
conscirnti"u>ly, if, however the d"mand-
of the party shall trench Oh the domain
ofcun,cicncc or sclt-r".prct, | shall II"
found at least in so far in opposition /"
it. A few days will cnlightcn me IN th'r
subject. If the message of the President
and the report of the Secretary Of the
Treasury are to contain such propositions
ms we are told they will, with reference
TO the speedy resumption of specie pay
meuts, and the Republican party acccP,
them, | will in so tar, cooperate with
those who oppose them, let such opposi-
tion lead me into what atillctlon 1t may.
| have carefully considered your
proposed basis OF the Union, and may
say that l have long believed and
for some wears, enforced the d"ctrn"
that it is the duty of the government 10
issue the money of the country, and pro-
hibit the circulation OF notes of corpora
tions whether State or national, and that
the money so issued should be legal
tender for all debts. public and private.
including duties on imports. In the,"
views | agreed with my late distinguished
colleague, Thadeus Stevens, :" early rs
1862. but having been instructed 10y the
results of the issue OF assignments, based
on property to which the government
had no legal tenure, and Of continental
money for the funding Of which no pro
vision was made. ] have held that
coincidently with the issue Of Govern
ment paper, means should be provided
for its funding on interest-bearing bonds.
50 the Government might be able TO hor-
row from its own people. and distribute
the taxes collected from them among
them. When paying interest oil H.
funded debt, two classes of bonds should
be issued by the Government for the alb
sorption of any excess Of paper money
that might be issued. One, long bonds.
with fixed rate Of interest, payable
principal and interest in paper, and
therefore not likely to be favored by for
eign investors. Another. interconvcrtI-
bic at the option of the holder. at II lower
rate of interest, say 3.G5 per cent. With
these two classes Of loan. open 10 the
people there need be no apprehension n,
TO the emission Of an excessive volume "i
currency by converting the present
bonded debt into bonds bearing 4
lower rate of interest in paper,
and placing it in the hands of cur
own people He says: In this way
we NAV turn the balance of trade IN our
favor and retain the bullion produced
in our own :ninis. and come naturally Z"
the use of gold and silver ~ part ot our
currency without the terrible suffering
that forced contraction as a means of rr-
sumption would impose on the men Of
enterprise and the men of capitai. The
effect of this system would, unQuestlona-
blv. bc 10 reduce the rate OF interest, and
so far remove the necessity for II certain
percentage of the protection now de-
manded by those who are engaged IN
developing the resource, Of the country
and providing diversified employment
tor its men, women and youth.
Rank Suspension.
LITTLE Rock. December 1.-The
Banking house Of Stoddard Brothers *
Co. suspended to-day, causing much eN-
citement, especially among dePositors.
There was considerable run afterwards
on other banks. The assets Of the sus-
pended bank are said to b. greater than
the liabilities. ls
The rate of discount at London, in the