Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1876-03-16

commission into his iluul~, but that
he should remain there IN l-onadn in
any event although the cost O! his
resignation might De injurious to him
personally. 10 vimlliaate his good.
name aud to meet the answer and dis /.
pose of any threatened legal proceed.
inys against him, ht confidently, re-.
lied on the iirnness Of the British
courtsd Justice. On iiic 9th he nj
quirea ii he could be permitted TO
make public in,l .ondon hls telegram
sent the day hs!ofe and was Informed
tia, the pTesidentessf.! NOT think il
NECESSARY 10 act upon The Telegram
and that snch publication w,s not nd.
'NiasIbie. On tic -1l-t1Itl OF fCt1EQITy Il
telegram was sent him stating >teat
the president retained full friendship,
for him and rcglalied the bitterness
with with he was assalled and adhered
TO the opinion that his connection
with the Emma mine was an unlor-
tunate indiscre,ion, but without an
improper motive OH his part. aud he
had hoped that his carly withdrawal
would have quoted public cri,iscism.
He also regretted that such had not
been the result that his telegram Of
the Sth threw upon the president the
responsibility of accepting or Of de-
clinlng to accept his rendered rcslgna-
tion and in the latter case Of appear
ing TO insist on his retention iii the
face Of the public, demand more or
less strong under which abe president
had renamed quiet, in the full con-
3viction that his conduct had been
free of wrong purpose, and in the alb
sencc of any expressed willingness on
his part to resign; that now having
voluntarily expressed his readiness to
relieve the president from any en-
barrassmcnt which the position might
involve, and with kind feelings toward
him, he felt that under the existing
circumstances his resignation would
relieve him from embarrassment, and
that it could be made either by tcle-
graph or by letter aud to take effect
when his Successor should enter upon
his duties. On-,hc l4th of February,
Gen. Schcnck tclcgraphcd that he
had failed to reconcile the telegram Of
the 9th, informing him that the prcsi-
dent did not think it necessary to act
on his Of the ,Sth, with that received
Saturday, communicating his. view
of mis- offer; but he promptly acceded
toSthe suggestion aud would send his
|resignation in whiting by the next
mail. Tn the 2lst Of February, Gen.
Schencl 1elegraphed that having
placed nis resignation at the presi-
dents disposal, pending the inquiry
ordered by the house OF representa-
,ives, he asked leave 10 repair To
Washington to appear before the
committee OH the 23d Of February.
He was informed by telegraph that
leave Of abscnce with permission TO
return to the United States was given
and that the inquiry of the house was
TO ascertain which action was taken
| 10y the cxective department Of the
government in relation TO his conncc-
'ion with the company arc, tire pro
lection of the claim.
Tie democratic financial caucus for
Washington was in session I'LL II
O'Clock tonight, and finally agreed
upon the Payne bill, by vote Of 50
To 4G This bill provides for the
gradual rusump,ion ecispaymcnt
by making j. the duty OF The secrcta-
ry Of the treasury annually to retain
iii coin an amount equal to three per
cent OF the legal tender notes
outstanding, to constitute a rcsump-
tlon fund aud also requiring national
banks to set aside an amount of coin
equal to three per cent. Of their cir.
cula,ion. The bill in addition pro
vides for the repeal Of SO much o.
the specie resumption act Of January
1874 and 1875, as designates the first
Of January, 1873, rs the date Of resumption
Many amendments were voted down, incln
ding that OF the minority OF the caucus
committee tor the simple repeal of so mucl
Of the 42d act Of 1875, as fixes the first o
January, 1879, as the time for resumption
" This received only 42votcs.
Il -------r
FOREIGN.