The Portland daily press., 1874-06-12


two to three per cent per annum on call, indi-
eating really glut of currency at money CEN
ters The stock gambling market is not very
active or exciting.
The crop reports from the West are encour-
aging. The acreage of wheat is 100000 greater
than last year and promises a much greater
yield. Corn promises much better than last
year. In our own state we shall get a good
hay crop though there are reports of winter
killed fields. .ea.rt.. q b..
The action of the President on the financial
question, will tend to restore the public conf
dence and it is predicted that business will re-
vve.
POLITICAL.
The late position Of the President has caused
the sound money men to mention him for a
tn I'd term He is reported to be unwilling
Gov. Weston, "a Democrat, was inaugurated
over New Hampshire Thursday, with good
deal of display. The Democracy in that state
mean business and to that end have introduced
bills to change ward lines in Manchester and
Portsmouth so as to secure more of the 'faith-
full as members of the legislature.
The Carsts in Spain have been so far de-
feated by the Republican government troops in
various ways, and the latter have been SO sue.
cessful of late, that the London Times in a
leader last Tuesday, declared that the Republic
has clear right to demand the recognition Of
all European powers. The statement is a note.
worthy confession of the weakness of royalty
in that country.
The Oregon election has probably resulted in
the success of Grover Dem for Governor and
Williams (Rep.) for Congress. The state ticket
is divided, the Democracy getting the lions
share.
The Massachusetts, House has sustained Gov.
Talbots veto of the state police re.
peal bill. There was majority in
favor of the bill but it requires
two-thirds. The same day the House
thirty to supersede the state police That leg
islature is having a tedious time with that
dreadful bore, the Hoosac tunnel.
Political affairs in France are in a critical
condition. The various factions are plotting fol
success. The Republicans are making des-
perate effort to secure the dissolution of the
Assembly for the purpose of securing new
election. The Conservatives oppose this. Al
present they have majority but it is small
and wavering.
In Illinois and Indiana independent and
farmers conventions have been called-a fact
that makes the outlook to the ordinary place
seeker more matter of anxiety than interest
The balloting for United States Senator by
the Rhode Island Legislature began Tuesday,
but resulted in no choice Four ballots were
taken Friday, the last of which resulted as
follows: Burnside 40, Dixon 26, Howard IA,
Brastow II, scattering 15
La the French Assembly Wednesday the
electoral bill was amended by making the age
OF suffrage q years instead of %, thus defeat.
ing the government. Great excitement pre-.
vails,
An international congress will be held in
Brussels during the summer for the adoption
OF an international code for nations in time oil
war. s ss -a..H
THE NATIONAL CAPITAL.
Inc new Secretary of the Treasury shows a
determination to rid the department of the men
and the measures that have brought iG i'll re-
pute. Assistant Secretary Sawyer has felt
called upon to resign though he didn't relish
it, Other officials have been made to feel that
there is new and resolute hand holding the
reins.
b. f. B. thinks the civil service needs no fur
ther reform and has induced the House Com
mlttee on that subject to vote against $685.
for the maintenance of the commission.
The proposed treaty of reciprocity with the
Dominion of Canada has been presented to the
Senate. In brief its provisions are: ~ free in
terchange of all natural products or raw ma
terial between the United States and Canada;
(2) free use of Canadian canals now in course
OF construction and which are promised to be
completed as part of the treaty; (3) free trade
in vessels between the United States and Cana.
da, sor in other words Canadian built vessels car
be purchased by citizens of the United States
and put under its flag; ~ the free admission OF
UGH manufactured products of either coun-
Try as may be agreed upon; (5 no
claim to be urged against the United States
for privilege of ''inshore fishing;;" (6) joint
commissions for the regulation and: mainte.
nance of custom houses aud lighthouses; IN the
treaty win remain in force twenty-one years,
In New York and Boston meetings of mer-
chants urge the adoption of the treaty but the
general opinion in Washington is that it stands
no chance of ratification by the Senate
Quite number of Indian Commissioners.
including Hon. W. E. Dodge of New York,
have resigned their positions, as they say be-
cause they are so situated that they cannot be
present at Washington all the time as is pro-
posed. They endorse the Presidents Indian
policy 1t is said the President will appoint
Friends exclusively because the noble 'sred''
has faith in the ''broadbrims.''
1t is doubtful if the Senate takes up the
House bill revising the law relative to steam
boats
The Senate has passed a bill to grant soldiers
who served in the late war bounty of So 1-3
per month for the period of such service which
may be also collected by the heirs of such SOL
diers. On Monday an attempt was made to
pass the bill in the House under suspension
If the rules, but it failed to receive the neces-
'ary two-thirds> tits doubtful if it gets through
Ibis session.
Ihe President has nominated Assistant Secre-
AIRY >. q. Bancroft Davis Minister to Germany
q place OF Mr.. Bancroft, resigned
Representative Hurlbut of Illinois presented
Dill from the Committee on Canals and Rail-
oaos providing for the construction of canal
connecting the waters of Lake Michigan with
ne Illinois, Rock and Mississippi rivers: Dis
ance, 1872 miles; co st, 81, 500, 900; opinion, hum
Jug
NOTABLE EVENTS.
one: The successful opening of the Portland
Industrial Elk position. Two: The little Bow
DIN Quakers have grounded the arms of their
sbeDIon and returned to their alma mater and
nsty maskets
Inc steamship Faraday, 1900 tons, laid the
ew Atlantic cable to within few miles of
'Se' N. H., arriving Monday and attracting
reat zeal of notice. The officers of the ship
.ineo' u ned and gushed the representatives of
'ncie lam, New Hampshire and Portsmouth
MGR was reciprocated.
y .enry Ward Beecher has declared that it is
. affair of ours that Adam ate the wrong
pple; or in other words that DIR. Watts was
My writing poor rhyme when he said:
Gin Adams fall
We sin-ned ALL"
If DIR. Beecher is right and DR.. Watts wrong,
he discovery is a notable event.
CRIMES AND CASUALTIES.
Reports from the frontier indicate that the
indian, upon the approach of summer and
,rass for his pony, is inclined to return to his