The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1874-12-24
OUR LETTER FROM WASHINGTON.
Congress-The Financial bill Agreed
Upon-The Centennial-kiug kala.
kama.
WASuINGToN. Dccemhnr 10.

WASHINGTON, December ~.
Editors OF the Register. ,s-
The week closes with the leaders ofthe
Republicans in close caucus over the pol
icy of the party upon the three leading
and important queStions-fnancial
southern affairs and internal improve
ments. Upon the first of these sub
stantial agreement has been reached and
will be embodied in bill which will be
introduced in the Senate on Monday,
and no doubt pass that body, and ulti-
mately the House, and become law.
1t will provide for a resumption ofSRscie
payments on January l, 1879; the re-
moval Of all restrictions upon the amount
of capital of the National banks; the re-
tirement of an amount equal TO 80 per
cent of the new issue to the National
banks until the greenback circulation
shall be reduced to 100000, goo; the
withdrawal and destruction Of the frac-
tional currency and the substi-
tuition of silver for the same, with au-
thority to the Secretary of the Treasury
to acquire enough silver to carry out the
law,--by sales of bonds,-and free coin
age at the sound minis. How far this
bill, enacted into law, will 60 towards
the relief of the business interests of the
country. remains to be seen. 1t is the
result of compromise, and as such will
receive the support of the Republican
hard money men Of the East, and the
Republican inhationists of the West.
A bill similar in character to the above,
is probably all that can be passed at the
present session, and as a compromise,
the country will have to accept 1t.
No definite result has been reached
rs to the course of action of the majority,
upon the questions of intcrna! improve
ments and Southern affairs.
The Centennial held in the rotunda
of the Capital. on Wednesday evening
last WAS a most brilliant success in all
respects. Financially, it is reported
some 10000 tickets were sold, at Sl.oO
each, and US much more realized
from sales during the evening,
thus realizing the sum OF
$40 900. Socially, the sue
cess was even more marked than
financially. The elite of the nation 5
CAPITAL was most fully represented ana
thousands appeared for the States and
Territories. Youth and beauty, GER
geouslv attired, We'd with old age, in
having tribute to the memory OF the
patriots of IA. Too much praise cannot
he awarded to the kind ladies to whom
the signal success of the whole affair is SO
entirely due.
The event Of the season, socially, has
been the advent in the capital of King
Almost un-heralded he arrived among
rs and beyond the anxiety his presence
has caused among the leaders OF society
and fashion, there has been little to midi
cate his presence; and business and pIeas'
ure have moved on in their ordinary
channels. The reception, on his arrival
was calm and dignifcd without undue
ostentation or parade, and such a.
beftted the plain, simple repnolicaI
manners and habits OF our people, ana
in accord with this, was the reception o
the King by Congress on Friday: ASIDE
from the immense crowd ana Jam, al
was simple and unostenta'louS. ut
welcome of Speaker Blaine, was concise
in GOOD good taste and highly approPrl
nte ms was the reply. Not less thar
1 600 people witnessed the presentation
and without II murmur of applause i"
appreciation. The reception at TN
White House on Friday evening, wa
very largely attended, more than SUI IN
vitstions having been issued. Great car
was exercised in the issuing of INVITA-
lions and hence, the assemb!age was o
most select character. The reception wa
a complete success and such an one as re
bounds TO the credit of the country, an
this without that sickly toadyIng ant
svcophancy that so i'll becomes the char char
sster of our people: The King vii
Ieave here on "Wednesday, mex
for the South and will then visit Mass
scbnse,s and then, crossing the cont
nent will take his departure for his islam
home, r. n,, South
The action Of the caucus OF the South
orn Republicans tonight renders unse'
tain The time Of the adjournment OF tot
sress. 1t is probable, however tnat
recess will be taken on Tuesday or w '
n r. until about January 4th. !.
hesuas' SOJOURSER.