The Portland daily press., 1874-06-09
WASHINGTON.
The Financial Problem.

The Financial Problem.
WASHINGTON, June 8-The committee Of
conference on the currency bill held three
hours meeting this morning, but came to nj
final conclusion, and whatever may have been
informally agreed upon so far it is certain thai
everything is still open TO further change Of
compromise. There are numerous conflicting
rumors in circulation as to the past and proba-
bic action of the conference committee, but its
members continue to decline to give any infor
nation on the subject.
Treasury Balances.
The following are the Treasury balances to-
day:-Currency,S l2, 309, 1913; special deposit OF
legal tenders for redemption OF certificates OF
deposit ISL, 975OOO; coin $S1 1897 $685. including
coin certificates 49,, 479 900; outstanding legal
tenders, 1882, 100000.
Printers Protest.
A delegation of book binders and printers
from the Congressional printing office appear
ed before the House Committee of Appropria-
lions to-day protesting against the action of the
committee IN fixing their pay at definite
sum. 1t appears the committee in considering
the item of expenditures for public printing in
the sundry civil bill, fixed the pay of printers
and book binders at the sum obtained from the
average prices paid in New York, Philadelphia
and baltimore. The printers and binders pre-
fer that prices should continue to be regulated
by the local trade.
The Duty ON Hops.
The Senate Finance Committee to-day heard
delegation representing the Brewers Associ.
alton Of the United States in opposition to an
increase of duty on hops proposed by the House
supplementary tariff bill.
The Steamboat Bill.
The Senate Committee on Commerce to-day
day. decided to table the House bill, to revise,
amend and consolidate the laws relating to the
security of life on vessels propelled wholly or in
part by steam, commonly known as the steam
boat bill. This action. unless vote to dis
charge the committee from its consideration,
will prevent action on the bill by the Senate
this session.
Postoffice change in Maine-The Postmaster
General has appointed Daniel G, Parker, Cum
berland county.
The Appropriations.
1t appears from the report of the House
Committee on Appropriations that the total
amount recommended by twelve regular appro-
prations bills is $170, 65449 besides four mil
lions in the naval emergency bill. 1t is sup
posed the appropriations in private and other
bills in addition to the above will make the to-
tai appropriations for the session about $780,
100000. This will not include the Geneva
awards for distribution.
Congressional COMMITTEES.
A caucus of Republican Senators and Repre-
sentatives was held in the hall of the Represen-
L.
A proposition was offered that congressional
committee be appointed in view of the coming
election, and alter some discussion the caucus
adopted the pending resolution and commit
tee was ordered, each State delegation selecting
a member, the selections being reported to the
officers of the meeting. The committee then
adjourned.
Indian Affairs.
A band of twenty-five mounted Indians
stampeded herd of Capt Dodge at Camp
Concha, May 22d and took off large portion
thereof. The citizens of San Juan Archipela
go, have petitoned the Secretary of War to
keep company of United States troops on the
island as a protection against Indians. Gen.
Davis, however, apprehends no danger from
the removal of the troops Gen. Custar al
Fort Lincoln, May Both, reports that there is
no foundation for the statement that an army
expedition is forming at Bismarck to go to
Black Hills.
Various Matters.
The Navy Department is advised of the ar
rival ofthe Tyconderoga at Key West June 18th
from Norfolk.
The internal revenue receipts to-day were
$7S323S.
The Territorial Committee in the Senate will
report in favor of the confirmation of Genera
McCook for Governor of Colorado.
The Conference Committee on the Finance
bill adjourned their second meeting of to-day
without coming to conclusion. They meet
tomorrow with the understanding that they
will then if possible unite on some measure
but failing in this will as a matter of course re
port to their respective Houses as unable tt
agree. .
The special agents of the Treasury depart
ment with all the books, records, ETC. pertain
ing to the Office of supervising special agents
We're to day transferred by direction of the Sec
rotary of the Treasury to the custody and SUI
perintendence of the commissioner of customs
Financial RumOrs and Gossip.
NEW YORK, June S.-A Washington specia
says that the conference committee has agreed
upon bill substantially as already announced
embodying free banking, the abolition of re-
serves on circulation except five per cent to be
kept at the Treasury, the retirement of green.
backs at the rate of 81 per cent. of the amount
OF new national bank notes issued and the re-
demption in gold of five per ceut bonds Jan
l, 1873. The committee thinks that the Presi
dent will sign such bill. Some of the ablesi
fnauciers in Washington are of the opinion
that the passage Of such a bill, instead of caus
ing expansion of the circulating medium would
produce violent contraction of national bank
currency.
Editorials in the Tribune and Herald praise
Grant without stint for his bold financial ut
terances.
Thurlow Weed, in letter to the Tribune
says if Congress adjourns leaving the country
IN the wretched financial condition they found
it, the places which now know them will be
hereafter unknown to most of them for ever.
He thinks the Presidents statements of his
views reflects credit upon his wisdom and cour-
age but says he makes mistake in recon
mendipg the issue only of bills of not less than
ten dollars, as the experience of New York
state had proved small bills positive conven.
nd