, 1876-01-28
WASHINGTON
Tho House Currency Committee
TioHs tho Finance Elephant
at o Distance.
Hancock, Of Texas, Proposes
q Short Gut to @
Hard Basis.
Points In the Days Debate on
tho West Point Appro.
priation Bill.
End and Aim Of the Pending
Chicago Custom-House
Investigation.
Bill Passed In tho Senate to Protect
The Rights Of Settlers on
Public Lands.
House Bill Passed to Prevent Frauds
by Claim Agents.
Over Hall a Million Of Greenbacks
Committed 10 the Flames.
Indictments noturned Against Ex.As-
tiatant Secretary Sawyer and
Other Treasury Officers.
Connection Between Democratic 1nyesal.
cations mud Confederate Claims.
House Bill Passed to Prevent Frauds
by Claim Agents.
Over Hall a Million Of Greenbacks
Committed 10 the Flames.
Indictments noturned Against Ex.As-
tistant Secretary Sawyer and
Other Treasury Officers.
Connection Between Democratic Inycsll-
cations mud Confederate Claims.
COMMITTEE WORK.
THE RESUMPTION ELL.


srttiaI Disratch to The CHICAGO Tribune.
WAsn1N0roN, D. G., Jan. 27.-The Resnnp-
tion law WAS tho subject OF discussion in the
Ways md McanB md BANKING md Currency
Commttscea To-day, but no action van takcn In
the for1uor. The s.ni,ncnt developed waB
strongly iii favor of resumption, but the mom-
bsre have not yet roachod tho point OF declaring
in favor Of any distnct plan. Tho motlo OF car
ring out tue present tAw was talked over, aud
shc necessity Of additional legislation seknowl-
edged. Hancock, Of Tasaa, tue third member
Of tho Committee, says he has u'ade up iia
mind what ho wants, bit that tho other NOM
bors hare not declared themselves. llo bcltoyes in
tho heroic treatment OF tho resumption question.
lie dccs not think 1t necessary to wat Until lH70
hctoro teg3pntug to resume. 1le believer In
Starting at once. The first thing ho would do.
Il he hna tho power nould be to aecn'nulaso
taHiIy dnno BY tho lst OF Matrl,. At that time
1e would buy up, ut tho beHt rate ho could, $780,
100000 Of grconbacas. which hc wond
DESTROY At once.
On Or d tle oan 1s of Apri! j., ho would buy another
tho third 10000, 900, maklng scO,ooo,-
o1o. The remaining 81, ,ooo; ;ooo ho
lat Of Junu gre1nbacls would DO at par, nud tho
Resumption net would 10 dcal letter.
Ihs 1ankng and Currency Committee con-
Bilorcd Payne'a bill, aud although no vote was
had on 1t, tho sentiment OF tho MatubcFa seemed
be favorable to lts provisions, and It mood not
bo surprising ii It Ia reported with slight Amend-
mente.
THO questions arising out Of dividing financial
legislation botwaou tho two Committees IN
PROVING TROUBLESOME,
~ in tho present case tho two ComHIttccs oftcn
consider tie aatno subject, and 1t has sometimes
happened that both hnve rspo1toda on tho eamo
enbject in tho House, Bono tulo should In
adopted with reference to this subject, 80 that
tic Secretary OF the Troaauly, or other public
0flcer desiring to confer NTH me1uborb On cat-
tain financial proposition, would not be Obliged
to 60 before tho two committuoB.
THE PRESIDENTIAL EALAnT.
Tho House Appropriations Committee votod
today to roduco tie Presidents salary to S25 t0o
ayear Attor March 4. 1877. There In, Of course,
a constitutional Inhibition which prevents TO-
ductsor during the term OF tho present fnoum-
bout but the poudiug appropriation Govern four
month"; after tue ezps sAtion OF that term.
THE PACIFIC MAI. CAgE.
Tho House Judiciary Committee has decided
% commence the Investigation Of tho Pacific
lla caBe nex& woek. Tho Testimony takon In
the two last Congresses hos bson tefer1ed to
Proctor Knott. Chairman, and to Frye, OF Maine,
"a subcommittee. Ihe understanding of the
Ccnmlttcc is that tue evidence Ia submitted to
them as completed caHc, upon which they aro
to pass judicial opinion as to the iuziadtction
OF tho House. II tB not understood that refer
enco to tho House meant an investigation Of tho
o2se to find additional evidence.