Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1874-04-24


BILE moment, the revenues OF the country
should be increased so as to pay the cur
rent expenses. provide for the sinking
fund required by law, and also for sur
plus to be retained in the Treasury In
gold. am not believer in any Hrti-
fetal method of making paper money |
equal to coin, when coin is not owned or
held really to redeem the promise 10
pay, for paper money is nothing more
than promises to pay, and valuable only
in proportion to the amount OF coin It
can be converted into, while coin not
used as the circulating medium, or the
currency of the country is not converti-
BILE into it at par, it becomes an article
of commerce as much as any other pro-
duct. The surplus will seek q foreign
market as well as any other surplus.
The balance of trade has nothing to do
with the question Of the duties on i'm
ports being required to be paid in coin,
to create a limited demand for gold, and
about enough to satisfy that demand re-
mains in the country. To increase this
supply see no way open but by the
Government boarding through the
means above given, and possibly by re-
curing National Banks to aid. 1t is
claimed by the advocates of measures
herewith returned that there is an une-
quail distribution of the banking capital
OF the country. | was disposed to give
| more weight to this view of the question
| at first, but on reflection it will be re.
membered that there still remains S4O,-
| 900, 900 of the authorized bank note Cir
| culation assigned to the States having
their quota not yet taken, In addition to
this, the States having less than their
| quota of the bank circulation have the
option of 5000, 000, 900 more to be taken
from these States having more than
their proportion. When this is all taken
up, or when specie payments are fully
resolved on, arise in rapid process of
restoration, then it will be time to con-
slider the question of more currency.
[Signed.l U. S. GRANT.
New YORK, April 23.-Dr. S. G. How,
resident commissioner of the SANTANA
Bay Company, has sent the directors
here detailed statement of the proceed
| ~, ~ tba no,,;,; n, ., r,orarpp,ant amin ~
the company. He says the government
made the non-payment of the rent pre-
text for ejecting the company; but the
real cause was the determination of the
British and other European powers act
ing through their commercial and polit'
ical agents to prevent the prevalence Of
American influence and institutions over
San Domingo and the surrounding is.
lands.
| 1nitiatory steps were taken yesterday ir
a suit in the Supreme Court in this city,
in which NJ. NJ. Simpson is plaintiff, ant
the Union Pacific Railroad Company, ]
Gould, Sidney Dillon and others are de
PENDANTS, to compel the latter defendant
as stock holders, to make payment o
the subscriptions to stock to meet tn
claims of the creditors. The plaintiff
asks an injunction to restrain the trans
fer by responsible parties on the record
to persons able to respond but for pai
Of the stock only. Ten millions are IL
voved in this suit. The complainant
alleges that the company first borrowe
some $4,000, 900 on income bonds, an
made them n lien of all their propert
after the first mortgage and land gran
bonds, but neglected to record the dee
of trust by which the lien was created
. and now propose to borrow SIG, 900. 90
more, and to give mortgage that sha
cut off the lenders on the income bonds
. who supposed they held deed of tru.
to secure their loan.
The celebrated trottor j. G.. Brown
| known as Henry Todd when he bes
q American Girl, has been sold to Cali
fornian for $4,000.
q Boston, April 23.-The body of Horac
Miller, child four and q half years old
was found in marsh, yesterday, nea
: Dorchester. The head was nearly Sc,
a cred from the body, in which there wer
2 some thirty knife wounds. Edward Pom
eroy need fifteen YEARS racantly ma,
-. doned from the reform school, where l.
A was sentenced for cutting and mutilalin
). children, was arrested on suspicion
. being the murderer.