, 1874-11-10
He Renews His Recommendation Con.
cerni.ng the Issue Of Inter-
c3'anaeable Bonds,
Decision Of the Supreme Court in
an Important Insurance
Case.
some' Why's and Wherefores Of thu
Election Results.

report IL completed and Ia tho hautls It tho
printof. Ho doyotes considerable space 10 an
argument in favor Of issuing tntorcl,ane ,ablo
oonas to bear interest at tho rate Of 8C5 per, nt
LIS arguments Oh this point are In tho main tho
I. Same rs those Of last yenr. except that ho be-
heVes that 1t would bo wiao to allow holders to
exchange tho 3.65 for outstanding aud or
cent bonds. Ho aays that The grcatt nt
op1eotlon to metallic currency Is Is
laeg Of elasticity, and is OF the opinion TINT tia
adoption Of tho convertible boud viii correct
shiY evil. uo thinks tito ratio Of tuteroat viii bo
high euouRh to st'll tile bonds, to tho abaorptlo1
Or any anrpIua currency At auy time, wt.le Il Wal
po enough 70 ioree return Of tho bonds III en-
OF tue country demands moro currency. Tho
rate Of intorost at l cont day on tno hr,z,-
drcd dollars would bo popular with the poo
pa ppatston Sa a2easa . y Il, Il e o.
tho 5s anu Gs into low-rnto bonds in tlp
event Of tho condition Of the currency demand
ing such conversion. would result In tho materiul
mako 1t payable entirely In national currency Al
lone, aud not in gold to foreigners.
TIE o111cAdo CoLLEoTolts1I1p.
Ihe appointment Of Mr. Hoyt to succeed
samlol A. Irwin, deceasod, as Collector Of In
faction here. ospoc ially In tho informal neveuue
Dureau. whore the very highest opinion OF Ii.
Aoyts ability ana integrity is entertained
L4o A9o d9SofATd fTt88!
APPOINTMENTS.
WAsNINu1oN. Nov. 9.-Mr. IBaAo F. Hoyt, OF
Chicago, tho prcfIens Deputy Collector, has bocn
appointed COLLECTOR OF Informal Royonuo in tho
yacancy occaaioual by tie doatl Of g. 4. Iryln.
Ths IL done Ill conformity with the Ciyil-scr-
vico rules.
n1 The ,]9, rrealdsnt to.dsy appointed John ":
alani, Ohio, vico Patrick slevin, resigned.
cot. EI.fisWonTN'H NuNDEHER
The following, paragraph is published in an
Alexandria (Vn.) paper:
office III the Treasury Department, On account Of
tho dsceyoxs that 81 10 the daughter Of Jnoa ~.
Jackson. Cox Mostly, who happensd to 10 in waah-
ingten, ha hsazd Of .he f&cs had hor lme-
Tho james ". jackson mentioned in this
paragraph was tho man who shot Col, E1mor e.
Alexandria, IS tho Union Army under Gen,
Scott WAS advancing into Virginia,
A coNrEaENcE.
1t iB stated than certain Republican lt'ndera
tho time Of tho meeting of Congress, to ftyu. 4
harmonious plan OF action for tho oomiug &ea-
| sion.
coNsoIlDAT1ar o. REVENUE DISTRICTS.
The fresideut M1B directed tho consolidation
| OF tho First aud Second vlrginis Internal Rs;ys-
| nuo Districts.
| posr-orR1cE nEponr
Tho Third Assistant Postmaster General. In
| A1d A6A14A AHk0Ak1 EotslAAt6d kAAt tA0 HOpu{tkuH
Of washed stamps used as:aiu in payment Of
postage iB 3 por cont OF tho value ct I'll the
stamps sold each year. caus, ,g al annual loss Of
81, ,ooo.oo3 to the revonuss o'e tho department.
| 1SSUnANOK uAHE.
In The Supreme Court de, :siou hAa boen rcn-
deroa in tho case Of Homo Ing nrance Company ~.
Morse and another. orror to The Supreme Court
| OF Wisconsin. In this case Tho Homo INSURANCE.
| tho statutes Of Wisconsin,. by which. among
other things. 1t agroed not to remove any caso
commenced against 1t IN thu State Courts to tho
Federal Courts, but. upon tho commencement Of
| transfer to Federal Court, The Court below
ior denial Of tho motion. Ihiu Cours reversed
this Judgment based upon that theory, and hold
body may barter away tho substantial rights, apd
| that Company was entitled to reno val not
| withntanding State law and tho CONTRACT. JuH-
| tico Hunt delivered tho opinion. CbieltJusticu
5ustco Davis cooouvred, holding: that tho State
had power to e,act such law, placing foreign
aud local busiuesa and oorporatiilna In tht, aama
position AZ to atata authority, aud to ma ke oil
doing business IL tho StGto ana nable to the sanle
| tribunals.
In Tho case of spratt rs. TIE United S .ates,
! the Supreme Court tu-day a1. rnlcd tho tailg.
znent Of the Court OF Claims. holdng that ai..l.
| tain cotton by a purchase from. agent Of tho
! Confederate States, because thc1.e States .veru
without corporate power to take hold, or ION.
| yey D valid .it1e TO INV property whatever Md
| that tho claimant was chargenb.le With moi Ice
| OF reasonable infant ot salo by
tho Confederate Government. to-wit: to
| raise monoy for the purchase OF munitions ol
war. Justice Miller acsiyoroa tha opinion. J us
| ttco Fiofd disson.ed, taking the view TINT .1!o
pasdon Of tho claimant roinstatcd him IN all biz
civil rights, and gavo him assurance that BIZ
Blould atanl In tho courta of tho country IN a.
good condition any OF bis fellow citzena ssl.c
| lad never sinned agalnnt tho authority Of tie
| Government
POLITICs AT THE NATIONAL CAP
| 1TAL.
| From Our 0tr34 tbrresponde1R.
/ WA1n1NaTos, Nov. 1, 1874
Like an obituary both porsoual to ourselves
and OF leed to all, the nows was dE scoveroG
Wednesday morning, Tho cffeot was 'rofouut
for awhile, then friond1y. No passion ns seeu