Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1876-07-29


something decisive may Dc efrecteu uunht
the summer campaign. The enemy is b.
lieved to be on the headwrters of the Ast
Creek and the Little Big Horn, not far from
the Montana and Wyoming line, thirty to
forty miles from Crooks present camp.
Gen Merritt left Fetterman this morning
with eight companies cavalry. Two more on
the way to Fetterman will take $50 recruits
and follow in few days.
Washington News.
WASHINGTON, July 26.-Thc President has
nominated Green i. Raum, of Illinois. com
missioner of internal revenue, vice Pratt, re
signed.
The number of clerks to be discharged if
the agreement of the conference committee
ON the legislative bill is embodied into the
law will be nearly 700.
Senator Allen T. Caperton, of West Wiz
ginia, died this evening, quite suddenly, of
angina pectoris.
Does not support Tilden.
A report having been circulated that Robt.
T. Lincoln, son of Abraham LincolD, is act
ing with the Democratic party and will sup
port Tilden during the coming campaign,
that gentleman, who has been much annoyed
by letters on the subject, denies that there is
q word of truth in the story. and authorizes
the statement that he will not vote for Til
den, but will support Hayes and use his inf1u
ence for his election.
The Silver Bill.
WASHINGTON, July 2G.-The President
having approved the joint resolution for The
issue of silver coin, it is to-day. law. Its
full text is as follows:
Resolced &c, That the Secretary of the
Treasury, under such limits and regulations
fose S1,r1fSfN
of the same through the country, may issue
the silver coin at any time in the Treasury to
the amount not exceeding $4,000 in ex>
change for an equal amount of legal tender
notes, and notes SO received in exchange
shall be kept as u special fund, separate and
apart from all other money in the Treasury,
and be issued only upon the retirement and
destruction of like sum of fractional cur
rency received at the Treasury in payment OF
dues to the United States, and said fractional
currency when so substituted shall be de-
strsyed and held as par: of the sinking fund
as provided in the act approved April II,
1876.
SEC. 2. That the trade dollar shall not
hereafter be legal tender, and the Secret3-
ry of the Treasury is hereby authorized to
limit from time to time the coinage thereof
to such an amount as he may deem sufficient
to meet the export demand for the same.
SEC. 3. That in addition to the amount of
subsidiary silver coin authorized by law to
be issued in redemption of the fractional
currency, it shall be lawful to manufacture
at the several minis and issue through the
Treasury and its several offices such coin to
an an cunt that, including the amount of
subsidiary silver coin and Of fractional cur,
rency outstanding shall in the aggregate not
exceed at any time $50, 100000.
Sec. 4. That the silver bullion required
for the purposes of this act shall be purchased
from time to time at the market rate by the
Secretary of the Treasury, with any money
in the Treasury not otherwise appropriated,
but no purchase of bullion shall be made
under this resolution when the market rate
for the same shall be such as will not admit
of the coinage and issue as herein provided
without loss to the Treasury, and any gain
or seigniorage arising from this coinage
shall be accounted for and paid into the
Treasury as provided under existing laws rel
alive to subsidiary coinage, provided that
the amount of money at any one time in>
vested in such silver bullion, exclusive of
such resulting coin. shall not exceed two
hundred thousand dollars.