New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-02-24
WASHINGTON.
Cabinet Meeting.

Cabinet Meeting.
WASHINGTON, February 23.-Cabinet
meeting to-day. Nothing special trans
pired.
Suit Against Fremont.
The heirs of John j. Crittenden have
for legal services.
An Unauthorized Appointment.
It has been decided that the appointment
of Shanks as commissioner for the Indian
Territory is unauthorized by law. Five
thousand dollars already paid Shanks.
Railroad Matters.
General Fremont was before the sub-com-
mittee Of the House Committee on the Ju-
dietary to day, with reference to the late
Transcontinental Railroad Company. He
testiies that he knew of no money having
been improperly spent to influence the pas
sage Of the bill and, therefore, could not
furnish list of benefciaries as he had been
asked to do by the committee. He was
closely questioned about the negotiation of
the bonds of the Memphis and Ell Paso
Company in Europe, and said the company
sold them to parties in Parie, who was at
the head of the Stock Exchange, and who
put them on the market with the declara-
ton that they were guaranteed by the
United States government, which was not
the fact. The company not only did not
advise but knew nothing of such declara-
tion until after 1t was made. The Pacific
Railroad Committee had NO quorum this
| morning, and, on motion of Mr.. Atkins, ad
| journed tor q week, 40 some members are
| necessarily absent.
Revising the Pension Rolls.
The bill considered in the committee of
| the whole today restores to the pension
rolls persons stricken theretrom for disloy
atty. 1t will pass tomorrow.
| Perdu.
Pinchback's case ID again among the
buried issues. No one thinks or talks
| about it.
| The Democrats Troubled to Organize 4
| Financial Policy.
The Democratic caucus committee held
an adjourned meeting to-day on the fnan-
| cial question, but arriving at no conclusion
| they adjourned to meet on Friday. The
members of the committee say they are un-
| der an injunction of secrecy regarding their
proceedings, and therefore they are not at
| liberty to communicate specific information
on the subject. further than to assert that
| all the members are desirOus of harmonizing
their opinions in view of the political az
| we'll as the financial importance of the
conclusion arises from the fear that if q
platform he prepared to satisfy the hard
| money men, those of contrary opinions
| may be placed at disadvantage in certain
| States.
The proposition of Representative Pay
| on which, as q basis, the committee ar
still engaged, does not, however, design iHs
terfering with the present volume OF cur.
rency, but merely requires the Secretary of
the Treasury and the national banks re-
| epectively to reserve a certain percentage
| of gold from year to year as a step in ad-
vance of specie payments, leaving them
and circumstances to produce general re-
| sum- ti,n In view OF such q proposition,
| the repeal OF co much of the specie resump-
| tiOn act as hxts the irst of January. 1879,
for this purpose Ueoo"-s 'c-ssary Even If
the committee should not h.cmonize on the
| general questions, they would cOnsider
| the repeal of that clause of more adyan-
| tage to the country than its retention All
| agreeing that the resumption of s,.7ci,
payments at that time is impracticable,
The Babcock Trial.
District Attorney Dyer's speech is still
coming over the wires. 1t is very strong.
The National Debt.
The following is the full text of the bill
in regard to refunding the national debt
which was reported from the Senate Com
| mittee ON Finance to-day, with recon-
mendation OF passage:
| Be it enacted, etc, That the acts to au.
thorize the refunding Of the national debt
approx ed July IA. 1870. and January 90
1871, be 80 amended that the amount OF
bonds bearing four and halt per cen
interest, authorized to be issued, be in
creased to $500, ,OOO, 900, that they be pay.
able 1T the pleasure of the United States,
after thirty years from the date OF their
issue. instead of after fifteen years.
SEC. .. This act shall not be construed
to authorize any increase of the total
amount Of bonds provided for by the acts
to which this act is an amendment, nor ts
authorize any increase whatever of the
bonded debt of the United States, and ali
| provisions of the acts to which this act il
amendatory not inconsistent with the pro-
visions of this act are hereby continued in
force and effect.