New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-04-14
| CONTINUED PROM FIRST PAGE.

of depreciation of Confederate money and
declaring that all contracts, except official
and penal bonds, payable TO the State,
should be deemed to have been made with
the intention that they should be discharged
in that currency. and thus the case viii be
governed by the ordinary rule. Mr.. Justice
Field delivered the opinion.
The Supreme Court in the case OF the
Quarantine Board against Charles Morgan,
on appeal from Galveston, Texas. held that
the imposition OF d tax OF s. on the steam
ers Of the appellant, plying between New
Orleans and Texas, for quarantine plIr-
poses, was unconstitutional. it being an in
reference with commerce between States.
The court also held, in the case of the
United States against Francis j. Heron,
that the discharge of a bankrupt, under the
bankrupt act, did not discharge him from
his indebtedness TO the United States.
General sheldon's Canal Billiards Out
generated.
General Sheldon to-day introduced his
Fort ST. Philip canal bill and obtained the
order TO have il printed in the usual man
ner and III the Congressional Record Also.
that it should De considered pending as a
substitute for the Eads bill. This was done
by unanimous consent and places the canal
proposition on an equal footing with that
OF Eads. Both must be considered together.
This action takes from Eads all the adj
vantages he lad acquired. General Shell
don thinks he can now beat Eads. and will
probably carry his own measure. The
canal bill has an additional section proyid-
ing that Congress may hereafter make APP
nrorriations to pay in money instead OF
bonds.
The President on Finances.
President Grant, in conversation with
friends, to-day on tie subject OF finance,
said it was desirable that the pledges OF the
government to return as soon as feasible to
specie payment should not be over
looked. In his annual message he had
suggested measures of preparation for
such resumption, and thought now, as
he said then, the national banks should
retain as a portion of their reserve either
the whole or part of the gold interest ac-
Cruing upon the bonds pledged as security
on their issue, and the treasury, lie added,
shonld also similarly strengthen itself with
view to resumption. He had no hest
fancy in saying that he was opposed to
imitation, in the general acceptatiOn of
the term, to an increase OF the currency
beyond the actual business necessities of
the country, but at the same time had
given no opinion concerning the measures
before Congress, nor had he indicated what
his action would be relative to any bill that
might pass. The two houses had not yet
acted cOncurrently, and therefore no oppor-
tunity was afforded to conjecture even as
to the final result; but apart from his own
self-respect, it would be improper, it not
offensive, for him to intimate to Congress
what he would or would not do in the event
Of the financial bill being presented to him
for his signature.
Daylight Breaking for Cuba.
Informal information has reached official
quarters that the agents of European
monarchy are now amoRg the insurgents of
Cuba with view to give them such aid
that they may overcome the Spanish au-
thorities and establish in that island diff
ferent government, but with monarchial
features. The nationality of the agents is
withheld. There is no way of verifying
the above report, although it is believed in |
official circles.