, 1876-04-15

'--"'-"@'
8pse.as Ulspnfch to Ths Chteaeo Tr1buaA
WASHINGTON, D. G., April 14.-The Ways and
Means Committee aro now going to Lake up tho
matter Of the public debt. Tho problem before
thom Ia simply to authorize the issue Of BONO
sort Of bond bearing tcas than 9 por cent inter.
est, on auch tetrna that It eau bo aold. Thoro
ia roason to fcar that tho thooriats Of the Com
mIttee will not DO able to solve this problom.
The ablest New York fnano!orH. who arc
thoroughly informed as to the European mar
ket, hRvo Kept tho Trcaaury advised that tho
European nloney-markek has seldom boon In 80
good condition to tako long low rAso
bond and rarely been 30 vol disposed to the
Upited BtAtos. aa now. Secretary Drissow has
repeatedly communicated this Information to
Congress-. Nevertheless, The prospect is tLat
kind Of bond will 10 authorized, and price tor
It lxed, which will
MAKE THE LAW DEAD LEITRl.
Ths principal bill before tls Committee Ia that
OF Fernando Wood, authorizing tho refunaing
Of $780, QUO. 900 Of tho national dobt.n fotty-year
bonds bearing inteseat as the Eato OF ~ por
cent per annum. Tho EonAto rccontly passed .
bill embracing these provisions, but tho Commit
tco on Ways aud Means hold that the Hennto
a1aa no right to originate measure OF this char
actor, mud they will therefore consider Mr.
Woods bill ~ M original proposition. Tho bill
will encounter decidel opposition to committee,
Homo members Cont1nflpE that tho TINA Of tue
bond Ia too long mud
TIN RATE OF lnTERrar TOO 1I1au.
These claim that the Committee il In pod1c8-
zion OF Information which establishes tho fact
that the credit of tue Government Is good
bo placed at that rate. Thoy further clotn 80 .
reAson for opposing forty-ycar bond that At tho
rasa Rs which tho national debt Ia paid on
tho entire indebtedness will DO discharged In
,}v- -r.{1 Rf1h a n
year boud DO authorized, tho Government would
be compelled to pay intoreat for ton yeaEn longer
than would DO desirable, or induce aurrondoF
Of bonds by tho oftor Of ! large premium. Those
Of tho Committee who entertain thcse vtowa
would consent to nuthnrlzo loan radeo1ntble In
thirty yeara from tho da.o Of issue, ana bearing
interest At tho ratio OF por cent per aunum.
The information Of tho Secretary is quite differ
to most tho practical difficulties encountered In
funding tho debt.
sILyEn co1H.
Tho Secretary ct tic Treasury ia expected on
Monday uoxt to commence the issuo OF allVes
coin. II bae bson aatd that the Secretary waz
ave1se to lasuiu6 this coln. It Ii individually
fact that he il enttfsly IN tympashy "ita ths
law. bat ho preferred Congress to take tue TO-
spouatetllsy IN regard 70 tue tno ct issne siGss
1t 10 by 10 many regarded ~ bomoWhat doubt.
fui experiment. Ths Treasury officers hhyo fui
confidence in tho succosB Of tue redemption o.
fractional currency With sllvor. and viii heartily
eatsy tho lay iuso execution. i is not pS
ae!od that tho price Of Silver bullion wi!
full permanently bolou what It Is Ut present
but temporarily, q. leaBt. It 10 likely to aayanc
allght!y. They think thnEe 10 no danger thu
khs coins vii! 10 purchased for melting.
lIb khs Assofiat<d Pfsx1.1
RlLyEn HuLLloN.
WARRINGTON, u. O., Ap1il t4.-Tho TreasuE!
Dopkrtmont has purchased two months suppl
OF hilver bullion at tho low rates which prorAiln
fa" weeks ago, tha average prica paid hkyin
6eou about s Ccptg Fer pllpc9 less than Tho pras
cut market rate. This stock, together With th
bullion fund, will, 1t Ia bsie7ed be sufficient fo
tho conAge until the annual statement at th
mlnts, which viii be mads in June.