Los Angeles daily herald., 1874-05-07
SPECIE PAYMENT TO BE REACHED
IN 1877.
The Union fa;ific Railroad Company
in Trouble.
Scott Stakes His Reputation on the
Early Completion of the Texas
Pacific Railroad.
FARMERS GOING INTO POLITICS. PARTY
TO Be ORGANIZED.
EASTE r N.
Appropriation Asked for the sal
Francisco Mint Building.

WASHINGTON, May 6.-The Secre-
tary of the Treasury, in submitting ad-
ditioual estimates for the year ending
June 1875, for public works, asks for
Sl83,342 for the San Francisco Mint,
that being the amount required for
approaches, grading, fencing, paving
grounds, heating and ventilatlng the
building, and for furniture. AS the
building will be completed about the
close of the present fiscal year, and as
the amount asked is the actual cost of
the articles required, the Secretary
strongly recommends that the amount
of the appropriation asked may be OBJ
tanned.
The President has recognized Adolph
Rosenthal as consul of the German
Empire at San Francisco.
The Light weight Championship.
PHILADELPHIA, May Chilly Ed
wards and Sam Collier each put up Il
first deposit of $500 in their match to
fight August 9th for the light weight
championship and purse OF 81, 900
side.
Fatal Boiler Explosion.
PICToU, Canada, May 5.-The boiler
of irving d Downs saw-mill exploded
this morning, killing three men and
injuring four.
scott will Complete the Texas Pacific
Railroad,
PHILADELPHIA, May 5.-Colonel
Scott announces his fixed determine
ton to complete the Texas Pacific
Railroad, and says his reputation is
stakeu on the result.
The Farmers Organize Political
Party.
CHICAGO, May "a meeting of
the Advisory Board of the State Far
mers' Association was held at Bloom
ington yesterday, fifty-two OF the
lO2 counties in the State being repre-
sented. 1t was decided by nearly
unanimous vote to organize apOlitical
party, independent of existing organi-
cations, and to call State Convention
to meet at Bloomington, May 9th, to
forward such action.
Washington rendered the Portfolio
of the Secretary of the Treasury.
WASHINGTON, May 5.-Rumors are
circulated tonight that the position
of Secretary of the Treasury had been
rendered to Il. b. Washburne Minis
ter to France, and that his reply is
awaited.
Federal Nominations.
WASHINGTON, May DENOMINATION
have been made of George Lount as
Receiver of Public Monyes in Prescott,
Arizona, and Dochever, Postmaster at
Denver.
Af.er the Union Pacific Railroad Com.
pany.
NEW YORK, May On the suit of
Simpson against the Union Pacific
Railroad, Jay Gould and others, Judge
DOnOhue this afternoon denied the
motion to dismiss the complaint for
want of jurisdiction, and ordered an
increase in plaintiffs surety for costs,
and refused an injunction to restrain
the transfer of stock in the hands of
defendants.
A Project for Resuniing Specie Pay
ments.
WASHINGTON, May 5.-The Senate
Finance Committee, by n majority
vote, has agreed to recommend the in
corporation of the following prOvi-
sions in the House Finance bill: TO fix
the maximum issue of greenback cir
culation at 1882, 900, 600; to issue S164,-
100000 new National bank notes, re-
firing for each million of such issue
$2,5OO,0O Of greenbacks, until the total
greenback circulation is reduced to
$500, ZOO, 900, and fix January l, 1877, as
the date for the resumption Of specie
payments.
The texas Pacific Railroad - Encour-
aging Prospects.
WASHINGTON, May 4.-Col. Thos.
A. Scott is here, and is arranging for
the fight in behalf of the Texas and
Pacific Railway Aid bill. The pros
poets for the passage of the bill are en-
couraging, but not certain. A very
strong sentiment in favor Of the meas
ure has been developed throughout the
South and Southwest, and vigorous
support will be given to the bill by the
Senators and Representatives from
those States. Several prominent Con-
gressmen from the North and East
will also favor the measure as one of
justice to the South and as tending to-
ward the solution of the transpOrta-
ton question by providing a through
competing line to the Pacific.