The Portland daily press., 1874-07-17
stock market, aud has led to the fall of bond


beginning to view with apprehension the hos
tile feeling their policy has evoked in the CEN
tiers of Eastern capital. 1t is said that Eastern
firms have requested Milwaukee houses to close
up their accounts as they intend to withdraw
their capital from sections where hostile Grange
interests threaten to involve them with unfore-
seen perls.
The Vermont & Canada Railroad has been
sid to the Central Vermont for $3,000,00O, pay
able in thirty years six per cent. bonds.
A committee of the first mortgage bond hold
ers of the Iowa Central Railroad report to such
bond holders that the company is hopelessly in
solvent and recommend foreclosure.
The Indiana Democratic Convention was
held Wednesday, every county being represent
ed. Gov. Hendricks presided. The platform
declares for the payment of $40 bonds ia green
backs; for the resumption of specie payments
when the condition of the country will warrant
it; against county school supervisors; for a Ii
cense liquor law and for the defeat of the Re-
publicans.
THE NATIONAL CAPITAL.
The Treasury officials ale making arrange
menus to carry into effect the provisions of the
currency law. Rules have been adopted for
keeping the deposits of national banks required
by the act. Up to Saturday $2,S62, 200 of ma
tional bank bills had been received for redemp-
ton under the new law. The receipts
OF the internal revenue bureau seem
to improve, those of the week ending
Saturday being So, 923.126. The national bank
circulation outstanding is $685.. 9O9,7O9 The
legal tenders have been reduced to the Lawful
limit of $685., 0OO,O 600. The amount of the per
reserve required by the late law recovered up
to Saturday was $12, III, 240 The sales of pos
tai stamns ETC., was over three million dollars
more than last year. The Post Office Depart
ment ascribes the fact to the abolition of the
ranking privilege.
The District Commissioners are making very
thorough work with the old extravagant, not to
say corrupt, governme MT abolished 10y Congress
Expenses are being cut down in every drec-
ton, large numbers of clerks discharged, ex-
tensive advertising in dead beat papers stopped
in short, the Commission is applying bust
ness principles to the management of the ma
tlonal sponge. 1t is asserted that large part
of the useless 22j clerks were appointed at the
solicitation of congressman.
The Secretary of the Navy has issued an Or
der enjoning increased ~ economy in expen-
ditures indispensably necessary. He might do
a good stroke in that line by discharging the
suckers and drones about the navy yards.
Ex-Gov. Shepherd has attempted to procure
the indictment of Charles A. Dana of the New
York Sun, for iheling him, (Shepherd). 1t is
said that the recent Poland law was passed for
this and similar purposes.
The President purposes to continue the exc
cution of the civil service rules as far as be has
power Candidates will hereafter be obliged to
go to Washington for examination.
The West is taking very little currency un
der the new lay. 1t is not believed that the
circulation of any of the eastern banks will be
disturbed.
The commissioners und er the Geneva award
bill will meet at Washington the 22nd inst.
Among the currency being sent in by natlon-
banks for redemption, is counterfeit $500 BILL
FINANCE, BUSINESS, ETC
This is essentially the dull part of the dull
season. Business men are living in hope of the
good time coming. They rely much upon the
general good crop of the country, the reduced
stock of manufactured goods and the general
rest CT the past nine months. In spite of the
grasshoppers Minnesota will realize as large
wheat crop as last year, and the general reports
continue favorable. The latest reports from
the cotton states indicate that the promises of
the crop in all of them are much better than
month since. There have been some failures
the past week, the heaviest being the Diggles
firm of New York, with half million liabili-
ties Gold mop of To
tons are light.
CRIMES AND CASUALTIES
There seems to be general state of uneasi-
ness among the Indians On the south aud
southwestern borders of Kansas, parts of sew
eral tribes have been making outbreaks of I'M
usual severity. Parties of ranchemen and
farmers have been captured, tied to their wag-
ons and burned to death. Agent Miles
has been compelled to escape from the Chey-
enne agency for his life. A panic prevails all
along the border and people have left their
farms. Troops have been sent forward and the
indians will be punished for crimes perpetrated
in revenge of the wrongs suffered at the hands
of whiskey sellers and villainous traders. In
his department. Gen. Pope attributes the
trouble to outrages upon the Indians by ruff
fianly traders. A fight took place between
some federal troops and Sioux Indians, July
18th, near the Owl mountains in Dakota, in
which fifty Indians were killed and wounded,
and Lieut.. Young was killed and two privates
wounded. A Galveston, Texas, report says 40
wagons were burned near Fort Sill and in a
fight following IL Indians were killed. In
New Mexico, in Colfax county, 10 herders have
ben killed by Indians. On the whole there
are indications that the Indians will be very
troublesome on the border this season, but
there is nothing to indicate a general outbreak
as the attacks are made principally by small
bands.
The casualty of the season is drowning either
from boating or other water accidents The
total loss amounts to about twenty
Shooting prisoners seems to be the favorite
means OF dsposing Of them in the So1th In
Columbia Co., Ga deputy sheriff shot four
colored men under arrest for attempting to es-
cape and revenue agent in South Carolina
shot distiller because he would not stop.
The loss of the iron ship British Admiral on
Kings Island in the Pacific Ocean is reported,
with 70 of So persons on board
1t is estimated that during the last year
there were 1874 deaths in New York flom d,ph-
liberia.
The following are the minor accidents and
crimes of the week: Warehouse on Lewis
Wharf, East Boston, fell in; loss $5OOOO-A
baby farm in New York has been discovered
where six have died in ten days-Six build
irgs on Long Island were burned by lightning
and two persons killed.--Fve men robbed a
tnan named Harrison of $4,000 in East
Cleveland, Ohio. tying him to tree.
Mrs. Maggie Smith was shot by
her son at an auction in Roxbury Mass.
where he found an old pistol--Four men
were killed by the falling of timber at a launch.
ing at Port Jefferson L. Tweed wants bet.
ter Jail mmOdaticns.--Kate Stoddard. the
alleged murderess of Goodrich, will probably be
sent to the insane asylum. Caldwell of
North Carolina died Saturday night of cholera
morbus, at Hllsboro'.
FOREIGN.
France sill continues to be in state
of political turmoil, and at present there
appears to be no way out of it. Only one thing
is certain, viz. MacMahon is at the head of