Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1876-08-06

loans artlficlally created by panic or
speculation, it has also provided for
payment in coin of such fractional
currency as may be presented for re-
demption. To make the coin now in
the Treasury available for the objects
of this reserve and to provide for such
other exceptional demands for coin as
may arise, does not seem to me very
difficult. If wisely planned and pur-
sued it ought not cost a sacrifice to
the business of the country. but
should, on the contrary, revive hope
and confidence. The Government loss
of securities held as investments IS
merely q question of the rate OF inter-
est they draw. Even If they were to re-
main in their present form, and the
Government were to agree to pay on
them y rate of interest making them
q desirable investment, they would
cease to circulate and take their place
with Government, State. municipal
and other corporation and private
| bonds. of which a thousand millions
exist among u.s."
COngressiOna Proceedings.
WASHINGTON, Aug. 4.
The House Committee on Banking
and Currency to-day decided, by q
! vote of six against four, to report and
| recommend the passage of q bill pro-
| viding for the repeal of the resump-
| ton clause of the third section of the
| Specie Resumption act of 1874. The
committee also agreed to report, with
only verbal amendments, the joint res.
olution introduced last Monday by
Gibson, of Louisiana, providing for the
appointment of q commission of three
members of the House and three of the
Senate, and experts, to invest igate the
silver question and general policy, and
the best mea of facilitating the re-
sumption Of specie payments; the re.
suit of their inquiries to be reported to
Congress on or before the 18th of Janu-
airy next. The favorable action of the
committee OF the Resumption Repeal
bill was secured by q change in the
position of Gibson, who has heretofore
voted with the Republicans against it.
Hubbell, Of Michigan did no vote
In the committee, but says he will vote
In the House for repeal. The vots in
detail was as follows:
For repeal-Cox, Payne, Goode Glib
sOn, Raymond, and Burcbard, OF
Wisconsin,.
Against repeal-Wilke, Townse nd,
of Pennsylvania, KassOn and Games.
Not voting-Hubbell.
The full text of the bill which will
be reported is as follows: Be it en-
acted, etc., that the resumption
clause in section thirty-nine of the act
to provide for the resumption of spe-
Gle payments, approved January IA,
1875" which clause Is in the words fol-
lowing, viz: "And on and after the
LIST of January, 1879, the Secretary OF
the Treasury shalt redeem in coin the
United States legal tender notes then
outstanding on their presentation for
redemption at the office of the Treas
urer in the city of New York in sums
of not less than $50, be and the same
is hereby repealed"
News from the Indian Countryside
ting Bull Eager for the Fray.
CHEYENNE, Aug. 4.
Two hay cutters were attacked by
Indians on the I'd inst, at Running
Water, 40 miles northeast of Fort Lar
annie, one of whom was killed. The
other succeeded in escaping. TIE band
of Indians that attacked Reefs train
between Fort Laramie and Fetterman
is one of the n1mber believed to be in
that vicinity. Captain Egan's compa-
ny Is now scouting in the neighbOr-
hood. Captain StantOn's outfit, for
whose safety some anxiety was felt, ar
rived at Fort Laramie to-day. News
rival of an Indian from the hostile
camp who says Sitting Bull is fully
prepared and eager to meet Crook or
Terry or both combined and feels III
fident of his ability to whip them. He
further states that reinfOrcements are
joining the hostiles daily from the
north and British America and q few
from Minnesota.
One company Of the Fourth Cavalry
arrived yesterday and five more are
expected on Sunday. These troops
are destined 10 the agencies.
Rain-in.the.Face u HIS associate
Murderers Returned 70 the
Agency.
BISMARCK, Aug. 4.
The notorious Rain -in-the. Face, ac-
companied by 220 lodges, it is reported,
has arrived at Standing Rock Agency
since the recent change of manage
ment to the military. Rain the.
Face is the same who killed General
Custer and had a war dance over Tom
Custer's heart. He murdered the
trader OF Stanley's expedition, in 1873,
and afterwards exhibited his scalp AT
the Agency. He is now here, with
hundreds OF others, and no doubt will
insist upon his disposition to be a good
Indian.
Early last week the determination OF
the Government in relation to the
Sioux Agency was known, and Col.
Burke, agent at Standing Rock, said to
the Indian chief, '"You have always
said your young met were on Ghis res
ervation. Now l want to see your
young men here on Saturday, and
want them to stay here hereafter" So
runners were dispatched in every d.
rection, and the result was that more
Indians were found at the agency OH
Saturday than at any time for a month.
No More Volunteer Crusaders.
NEW YORK, Aug. 4.
A special correspondent at Vienna tel
egraphs that the foreign ambassadors
have interfered and entered q protest
against the present conduct Of the
campaign in Servia, and several oil
them have given warning to the Sub
lime Porte that unless the present sys-