The home journal. (Winchester, Tenn.) 1858-188?, 1875-03-04
TIMELY TOPICS.

l. iLNL LII VI IApO.
OUR relations with Spain, according
to the announcement of the formal sig.
nature OF the terms OF settlement Of
the Vir9inius question, seems to be
premature, as it is known from the
best authority that the final conclusion
Of the arrangement has to await the
formal recognition of the new govern.
ment Of King Alfonso by the United
States. The credentials and instruc
tions under this head ale now on their
way to Minister Cushing. The prelim.
mary agreement stpulates for the pay
ment of $4,000 in full satisfaction OF
the Virginius claims of personal char
actcr, and the abandonment on the part
OF Spain of all reclamations against the
United States. The autograph letter
from Alfonso to thu, president is purely
formal one, only announcing his ac-
cession to the throne and expressing his
desire for t. continuance OF good rela-
tions. No day has yet been fixed by the
secretary of state for the presentation
of this lstter to the president by the
Spanish minister. It is presumed it
will not take place until the government
of King Alfonso shall have been recog-
nizsd by cur government, through its
representative at Madrid, and pending
questions satsf actorily adjusted.
The house committee which visited
Mississippi to investigate the condition
OF affairs in that state, have submitted
two reports, the republicans uniting IN
majority report, and the democrats in
a minority. The former review fully
the causes leading to the election of
Crosby from Office. They state that
the regularly elected officers were ousted
from office, and the entire records,
papers, offices, court, houses, and all
county property unlawfully and riotous.
ly seized upon by an unlawful combina
tion OF men, not only without warrant,
but in direct and palpable violation and
deliberate transgression of all the prin-
ciples and forms of law known to any
civilized people. The report concludes
as follows: Tho committee believe
there is an urgent necessity for further
action by this congress, and concur in
recommending the passage of the eau
Gus bill ard the adoption of the follow.
ing:
Res0lrtd, That the violent overthrow
of law and order in Vicksburg justifes
the application OF Gov Ames for troops
and the action CT the president in or.
d.ring them sent to that city.
The state of Massachusetts, received,
on Thursday Last, bids for five per
cent. god loan OF 81, 100000. Several
bids for the entire amount were made
by different banking houses in New
York and Boston. The bonds were
awarded to firm in the latter city at
100 currency. At the present price o.;
gold, this is tintamour to 96 per cent.
a pretty good figure for five Fer cent
bonds, and showing how solvent states
can reduce their rate of interest ana the
consequent burden, even when capital
is most tjmid.
AN English authority of eminence,
in comparing the cost OF government
in the United States and in England,
puts the national expenditures Of the
former at Els, 450, 600, against f7l,-
100000 in the United Kingdom. Its
local expenditure d. G., county and
town expenditures is about G59, $50, ,0C0
against f27, 800, COO, in the United King
dom. The entire public expenditure
OF the United States is put down at
el34, 900, 900, against eos. 100000 in
the United Kingdom.
THE committee appointed to examine
the Georgia state treasury find that the
accounts of Treasurer Jones are def
cient some $6S, 900, and that he has lille.
galiy paid $4,000 old bonds. The
committee recommend that Jones be
requested to resign. They do not at
tack the integrity of the treasurer, but
condemn the loose system OF book
keeping and general admins ration Of
affairs.
The Georgia Legislature has declared
unconstitutional, null and void, the
second series of six hundred thousand
dollars in bonds endorsed by the state
in 1870, issued to the Macon and Bruins.
wick railroad, ssid endorsement having
been declared binding by the legisla-
iure of 1872. First series bonds, $780,
600, are declared valid and binding on
the state.
The New Orlears Republican con-
taics an elaborate article claiming that
The Eads' bridge at st. Louis, while it
is on obstruction to the upper COM
merce. is an engineering failure, and
that the Esds' jetty scheme is one to
delay the permanent improvement at
the rivers mouth, in the interest of the
bridge stock and the st. Louis local
railroad rings.
In Illinois the courts have just de
oided that sleeping-car companies are
not responsible for articles stolen from
passengers. In New York jury has
just found railroad company guilty OF