Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1874-04-23
POLITICAL.

vention will be held in Lansing on May 3.
The first decision of Chief-Justice Waite,
of the United States Supreme Court, was
delivered on the 18th in a case appealed from
Chicago, affecting the right Of State TO
tax the shares of National Bank stock held
by nonresident owners. Judge Drummond
decided that the State had not that right,
but Chief Justice Waite reverses this decision
and declares that such shares are taxable by
local authorities. The question involves
the validity of taxes levied by municipal as
well as State authorities. The view taken is
that taken by the Supreme Court of the State
of Illinois.
In compliance with the resolution of the
House, the Secretary of the Treasury reported,
on the 18th, the cost of refunding the national
debt into per cent. bonds, authorized by acts
of Congress of July IA, 1870, and Jan. 30,
1871, etc. The whole amount of bonds re-
funded was 1914, 416, $50, as follows: Bonds
bearing 6 per cent. interest to bonds bearing 5
per cent. interest, $500, 461, $50; bonds bearing
per cent, loan 1858, to bonds bearing per
cent, funded loan of 1881, S13, $50, 600. The
cost thereof has been 81 40, 1872.
The Industrial Congress in session at Roch-
ester, N. Y, on the 18th adopted a series of
resolutions protesting against the expansion
of currency issued through the National
banking system, and demanding the issue of
a National circulating medium by the Govern
ment directly to the people without the in
tervention of National Banks.
At a meeting of the Illinois Republican
State Central Committee in Chicago on the
18th it was decided to hold aState Convention
at Springfield, Wednesday, June II, the basis
of representation to be the vote cast
for the Republican Presidential elect
ors in 1872, to-wit: One delegate for every
400 votes and one for each fraction of $50
votes. The candidates to be nominated at
said convention are for State Treasurer and
for Superintendent of Public Instruction.
The Ohio Constitutional Convention on the
18th killed the female suffrage question-41
votes against to 40 in favor, being 40 less
than the constitutional majority.
Washington telegram of the 10th says:
g In consequence of recent statements that
certain bounty laws have been lately passed
by Congress, the Second Auditors office is
flooded by letters of inquiry and requests for
blanks for application. Up to the present
time no bounty law has been passed by this
Congress-
The thirtieth ballot for United States Sena-
Tor for Massachusetts, was had on the 10th, with
the following result: Whole number of
votes, 26S. Dawes, 90 Hoar, IS Curtis, Y !;
Adams, 4 /; Banks, s; Washburn, 1 :; Sanford,
2; Whittier, 1.
The Oregon Farmers State Convention met
at Salem on the 10th and nominated For Con-
gress, T. W. Davenport for Governor, Thomas
F. Campbell, editor of the Christian Messenger
Secretary of State, J. Fl. Doughitt; Treasurer,
D. Beach; State Printer, William NJ Hand,
publisher of the IOuntajneer; Superintendent
of Public Instruction, NJ. NJ. Oglesby. The
platform adopted asks for the building of the
Portland, Dallas & Salt Lake Road; the i'm
provement of rivers and harbors; the compile
| ton of roads already begun; favors the proper
encouragement of transportation companies,
corporations and persons engaged in legiti-
mate business, all under subsection to
law; that freights and fares should be
| fixed by the Legislature; considers personal
character the criterion for fitness for Office;
that the General Government should pay the
| losses and damages of settlers by the Modoc
war; favors the Local Option and Civil Damage
laws; indorses the Granger efforts against
| extortions and monopolies, etc.
A committee appointed by citizens of New
York waited upon the President on the 18th,
and presented to him petition signed by
about $500 bankers, capitalists, .andmerchants
of that city, asking him to veto the Senate
finance bill, or any other bill tending to expand
the currency.
| Gov Washburn, of Massachusetts,, has been
elected to the unexpired Senatorial term of
! the late Mr.. Sumner. This result was reached
on the 17th on the thirty-third ballot in the
! Legislature. The final vote was as follows:
Whole number of votes cast, 267; necessary
| to choice, 1874. William B. Washburn re-
ceiyed ISL; Curtis, Ga; Dawes, 26; Adams, Is;
Lorng, 4; Banks, 4; Wendell Phillips, S. N.
Clifford and J. G. Whittier, each.