The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-03

tribuiion OF the through the country may
issue the silver cSin now In the Treas
in exchange for an equal amount OF legal tender notes
and The notes 80 received exchange shall be ressued
only upon the retirement and destruction Of like sum
OF fractional currency received ~ the Treasury IN
payment OF dues 70 the United States and said frnc
tions currency when 80 substituted shall be DESTROYED
ana ned as part Of tia sinking und, ~ provided IN tho
act approved Aprll II, 1874
The resolution will be called up for adoption the rss
opportunity, and viii be FASTENED TO the Senate and
then to the President II will be that this plan
viii immediately free the stream OF the present ob
stacles 10 rapid outflow OF the silver coinage. Al
though the bin for the substitution Of silver was
passed two weeks ago. the Treasury has paid only
about $500 900 daily This amount just the rate AZ
which tao Mint 10 turning tho bullion into
daily 30 that the bulk Of coin hand the start has
remained undimnshed Tho joint resolution. whom
signed by the President will allow $40 900 OF this
original fund to Of tho Treasury once and
make money plenty in every mans pocket
THE TAX ON yRRMESTxD OR MALT LIoUoRs-
PROVISIONS OF THE BILL AWAITING THE
PRESIDENTS SIGNATURE.
The bill to define the tax on fermcntsd or malt
liquors went to tho President to-day FOR his signature
provides that nothing in 1897 Of the Revised
Statutes shall be construed to authorize
upon tho quantity Of material used In producing or
purchased for the purpose Of producing termontcd
matt liquors; nor shall the quantity OF tho
material 80 used or purchased DO evidence
for the purpose OF taxation OF tho quantity Of liquor
produced, but the ali lager beer all porter or
other similar iermen,ed liquors, brewed or manufac-
tured and sold removed for consumption or sale,
shall be paid provided section 3S9 Revised Stat
utes and not otherwise provided that the act shall
apply to cases OF fraud and provided that nothing In
this act shall have the effect change the present
rules Of law respecting evidence in any prosecution
suit
THE NAVAL INvEsTI0ArroN--Aw WITNESS WANTED
PROM EUROPE.
Tho Naval Committee to-day sent letter to Secre-
tary Robson asking for the immediate recall Of Pny
master Bradford, now in Europe in order thnt ne may
testify before them concerning the relations OF Con-
tractor Matthews and i. G. Cattell 1t Is said that
Bradford told Matthews Cattel was going into bus
mess and would cut him out, and that Matthews had
better 'sce" tho Cattels which he proceeded to do,
and he IL, therefore, an important wtness He be
summoned home by cable.
THE UNION PACIFIC RAILROAD TO BE uNvRsTI-
GATED.
Mcssrs. Hunton and Lawrence. OF the Judiciary
~ommittsc, havo been appointed subcommittee 10
II vestgatc the Of tho Union Pacific Rail-
ad with the Little Rock and Fort smith Railroad
bonds. All the government directors and many Of
the sincipai officers OF the Union Pacific Company will
be .nmoned at once, a. well several persons from
Boa IN.
NEW NAVY CAR.
lew cap has been adopted Tor tho officers Of the
navy, and those who the sample at the Navy
Department say it will make great commolion the
serytl account of It's extraordinary shape. 1t
semlies the Scotch bonnet GcDearry cap with cape
and eyoet holes behind and differs from IL only in
being Of regulation blue CLOTH As rreverent ward
room joker styled 1t, Iii looks like the headgear Of
lmejucer' on the coast Of Great Britain.
Ex-coNaREssMAN WALLS, OF FLORIDA TO DE
MADE POSTMASTER.
President Grant has sisnncd his intention OF appoint
Ing the recently ousted colorcd exCongressman Walls
Of Florida to the Posmastership OF Key West, which
will DO done the Recommendation OF Senator Como
yer from that State. When Mr.. Walls left here for
Florida he said that he was resolved GO home and
be elected again.