Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1874-05-07
POLITICAL.

The Anti-MonOpolists of Iowa have issued
a call for State Convention to be held at Des
Moines on the oath of June. The call states
that all persons whose political views are in
accordance with the principles announced at
the convention held in Des Moines on the 25th
day of February last are cordially invited to
join in sending delegates to the convention
The ratio for representation will be ore dele
gate to each county, and in addition thereto
one delegate for every 250 votes and fraction
thereof over 100 cast for Hon. j. G. Vale for
Governor.
The Ohio Constitutional Convention has de-
cided to submit an article relating to
" License" or "No license" to separate vote
of the people. If License" prevail, the
Constitution will provide that license to traffic
in intoxicating liquors may be granted, but
the section shall not be so construed as to
prevent the Legislature from making laws to
restrain and regulate sales and to compensate
for injuries arising therefrom. If "No IL
cence" prevail, the Legislature will have
power 10 prohibit the sale by whatever penal
ties may be deemed appropriate.
The following dispatch from Washington
Allusion having been made to President Grant
about a compromise finance measure that would
be acceptable to both sides, the President replied
that he did not know what force was intended to
apply TO the term = compromise" unless IL was an
agreement to carry out the pledges of the country
That might be considered a compromise by those
who originally defeated every proposition offered
during the discussion In Congress, and by agree
ing he has reason to believe that such legislation
would meet with his approval. 1t has been said
that he promised in his last annual message heartily
tn ba 7obf doc do
upon. He did not intend such construction 70 be
put upon his language If he had not made himself
understood, his more recent message would clear
up anything like ambiguity. One thing that he
had endeayored to make plain during his admins
tration has been that he was for carrying out the
solemn pledges of the Government AT the earliest
day possible, and reach a specie basis. The es-
tablishment Of our currency gold and silver had
been uppermost in his mind whenever he sent to
Congress his annual messages. lie had not said
what kind of bill he would approve. 1t was his
earnest hope that Congress would dispose of the
question The redistribution of S25,C00,000 of
banking currency, with S5.tO0,OOO OF notes belong
inc 10 broken banks and banks in LIQUIDATION Of
the South and West, ought to furnish for the
present all that was asked for and he had been as
sured since the veto of the Finance bill, that New
England banks were anxious TO reduce Their circu-
Iation inasmuch as the bonds now held for circu-
alton would be released and furnish them with
larger currency capital for loan IMAM they now have
W6iIa our securities were worth in legal tenders
sixteen and seventeen cents above par, and Ma
tiepaI Banking notes were bound to be secured
under existing law at SO mucn sacrnce 10 banking
capital. he did not wonder that the New England
hanks were anxious 10 cancel their notes and get
their bonds In fact this suggestion came TO him
early last fall during the stringency IN the money
market and he thought ii worth calling the atten-
ton of Congress TO in his last message Since then
he had heard nothing to change his opinion this
point
By the provisions of the Louisville & Port
land Canal bill passed by Congress the canal
becomes the property of the United States,
subject to lien established by mortgage. In
the future only such tolls are to be charged
as may be necessary to meet running ex-
penses.
The New York Legislature adjourned sine
die on the 3Oth ult.
Both houses of the Texas Legislature have
passed joint resolution instructing their