The Portland daily press., 1874-07-03

e1lStiHS Stdte government, anu 10 tnaI enu |
asks the Republican State Committee to call |
convention.
The Republicans of Iowa held their state |
convention Wednesday, The platform believes
in regulating the volume of currency to the
business of the country and in favor of specie
payments at safely indefinite period; en-
dorses Mr.. WINDOWS transportation scheme;
the civil service and the submission of the
question of giving the ballot to women.
The voters of Illinois will have candidates
enough this year. Already the Independents
and Republicans have made nominations, and
now the Prohibitonsts have put ticket in the
field. Their convention was held Tuesday at
Bloomington and was attended by 70 delegates,
a thiId of whom were women. The resolutions
declare for prohibition, and return to specie
payments as soon as possible. Among the
nominees of the convention is Mrs. Jennie f.
yelling, Professor of the Bloomington Wes-
leyan University, for Superintendent of Public
Instruction.
FINANCE AND BUSINESS.
Reports from business centers most en-
couraging for the fall business. Crop reports
are all that can be desired, and there is every
indication of an excellent fall trade and better
times in all industrial circles. There are indi-
cations that money which is very abundant
and cheap in the money centers, will seek more
permanent and remunerative employment than
during the past eight months.
1t is said that under the provisions of the
new currency bill, quite umber of national
banks will reduce their circulation to the lowest
point to which such circulation can be reduced,
viz. $4,000. 1t is now no longer an object for
bankers to get 81 worth of currency for SIS
worth of legal tenders while bonds are at 16
and II cents premiu and only $4,000 in cur
rency can be obtained for $780, 900 in bonds. The
result, therefore, of the new currency bill is
that the larger banks of the country will re-
deem their bonds with legal tenders and give
up their circulation. .-.l, -F
The reports from the money markets in Eu-
rope, except Paris where the purpose of the
Bank of France to resume specie payment has
produced activity are to the effect that money is
both plenty and cheap. 1t is very rare that
there is so much money in the vaults of the
Bank of England as at present The rates of in
terest, too, are unusually low.
The business and financial prospect in Cuba
is is very gloomy. There is prospect that the
paper of the Spanish bank will be generally re-
pudiated.
The reports of all the fisheries in the Gulf of
St Lawrence and elsewhere are very encourage
ing. Full fares are obtained but low prices
rule. .f @
In California the wheat harvest is beginning.
The yield is enormous Crop reports from the
West continue most favorable.
The managers of the Western railroads run
ming through Iowa have recently been discus
sing the policy they should pursue with refer
ence to the law in that state. They failed to
agree toany plan, but it is understood that all
of the roads except the Rock Island will disre-
Gard the law. The Rock Island road, having
state grant, has provision in its charter that
the state shall fix, when it chooses, the tariff.
1t is said that importations at New York are
heavier now than year ago; last week they
amounted to over $6,S00,000.
THE NATIONAL CAPITAL.
In our last issue, the sudden resignation of
Postmaster-General Creswell was announced
Congress had just adjourned and he doubtless
waited until that body was we'll away. The
rumor was also given that Congressman Hale
would be offered the position vacated by Mr..
Creswell. This rnmor proved true and after
considering the offer until Saturday, Mr.. Hale
concluded to accept and will enter upon the
discharge of his duties July LIST. His district
and the people of Maine would have preferred
that he should retain his seat in Congress. Mr.
Hale is 38 years of age, the second cabinet Off
Ger from Maine and the fifth Postmaster-Gen-
eral from New England.
The report of the Committee of Congress
duplicating the force of Col. Whitley of the
treasury detectives and Whitley himself, has
led to his resignation. That force has not been
credit to the government. The affair IS
somewhat mysterious at best and there are so
mapy indications of fraud that Secretary Bris-
tow will have the matter fully investigated.
Mr.. Blow and x-Postmaster-General Dem
nison will accept the appointments of commits
sieners for the temporary gouernment of the
District of Columbia. Nothing has yet been
heard of Mr.. Cattell, the other appointee.
The public debt for July shows a slight de-
crease. The internal revenue receipts were
~, 365,577 in excess of the estimates for the
year, which were 100000. ,-.- 5a 5aa
Postmaster General Creswell took leave of
the employees of the Post-Office department,
Tuesday afternoon in q very affectionate man
ner. He said that no bank or railroad had
done so much business or handled so much
money as that department with SO little loss
He would have resigned long since but so long
as there were charges against his management
he proposed to continue Now these had all
been refuted and he took occasion to resign.
1t is said that the President will continue the
civil service commission although Congress
will not make special appropriation to en-
force the rules. Gen. Grant will not abandon
the system SO long as he has power to continue
it. @ Is f -il- il-
The New York Herald says that there is a
grave rumor afloat that serious difficulty
with Spain is apprehended growing out of
demand by our government for full indemnity
for the Virginius prisoners slain by order of
Burriel. The story, however, has the appear
ance of canard.
There was great futter among the clerks
of the treasury and other departments on Tues
day when the order to reduce the force went
into effect, the greatest excitement being
among the ladies. So great was the dismay
OF part of them at being thrown out of en-
ployment that fourteen of them tainted away
The female employees of the printing and en-
craving bureaus, 375 in number, have all been
discharged, Discharges have also been made
in every department. and it is feared that there
will be considerable suffering in consequence
though they all have two months pay thrown
in. cess
The steamer Despatch is being put in readi-
ness for the Congressional Committee charged
with making a tour to see if the expenses of
navy yards and stations on the Atlantic coast
cannot be reduced and run more economically.
VI course they can, and an army of sinecures
and barnacles turned adrift to earn a living
rather than, well-steal it, IF
The President and wife have been visiting
West Virginia 5es
The amount of currency outstanding is $685.
5l7,913.13
Under clause in the legislative, judicial
and executive appropriation bill, several thou
sand war claims are ruled out and the money |
heretofore appropriated has been turned into
the treasury. s.ro q. r.
despatch received Wednesday states that
Mr. Hale has withdrawn his acceptance of the |