The silver state. [volume] (Unionville, Nev.) 1870-1903, 1876-07-15
\ p II Z G
. SILVER STATE
Yves. DISPATCHES
VIM EMUCC
SILVER STATE
GUIDE.
|. S. F'poin's"ents.

Sn,.iYashington special says
4, me Fts|.,t has offered the Second
Assistant Postnaster Generalship to
Western man, bat his name is. not
known,
Whiting, member of Congress, from
Peoria, ILL.,, issmentioned for appoint
ment as Commissioner OF Internal
| Revenue, to relieve Pratt.
Failures in 1916.
Dun, Barlow d Co. have issued their
semi annual statement showing the
number of failures throughout the
United States and Canada for the first
two quarters of 1876. The total
failures for the first quarter were
2,o06. involving sixty-fonr million dol
lars; second quarter, 1894, involving
forty three million dollars. For the
same period last year, the figures We're
first quarter 1882, amount thirty
millions, second quarter. 1881. amount,
thirty-three millions. Number of fail
ures In New York City for the frs
quarter for 1876, were three hundred
aud thirteen; second quarter, 4i2
The statement shows startling in
crease, both in the number of failures
aud amount of liabilities. The bust
ness outlook gives reason to hope for a
favorable change.
Vanderbilt Improving.
Vanderbilt still continues to improve
slowly. He does not appear to suffer
from the excessive heat.
Homestead Entries.
WAsHINGToN, July 10, 1876.
The Secretary of the Interior has
modified his orderof May 18th in re-
gard to holders of additional homestead
entries, SO as to permit he approval of
all such as appear to be genuine and
III accordance with the regulations in
lOICc ~ VIC tiuuC vi khtll WblCH
are made plior to telegrapblc suspen-
sion of entries in March made by order
of Commissioner of the General Land
Office. This new order does hot help
those who have located fraudulent
claims. About one third, and perhaps
one half, of those located in California,
are known to be fraudulent.
Financial Statement.
The Secretary of the Treasury says
there is nothing in the statement which
has been published to the effect that
the Treasury Department will, on the
adjournment of Congress, make a de-
termined effort toward specie payment.
The statement referred to says the Sec
rotary can refund six per cent. into
four and one-half per cent. bonds, of
which five hundred million are a.rta dy
authorized by the funding Act, which
is an error as to the amount of u per
per cent. l. Ne amount NJ present Is
being fixed at three hundred aud eighty
million, instead OF five hundred nil
lion dollars. The statement further
says it is also in his power to fund
seventy million greenbacks so as to re-
duce the amount now outstanding to
three hundred million before the close
of the present year. This is also an
error, as it is not within his power to
retire one dollar of greenbacks except
on the issue of the new national bank
circulation for which the specie resump
ton Act provides that for each dollar Of
the new national bank circulation issHed
there shall be retired eighty per cent.
of greenbacks. consequently it there
are no new banks established, there can
be no retirement of greenbacks. The
Treasury is to-day short of gold. Gus
tom receipts are barely sufficient to
meet the interest on the public debt.
1t ia. therefore, evident that the Treas
uary cannot buy bonds from the fact
that it has no gold or currency with
which to do it.
Rssult OF the silver Bili.