The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1877-05-05
WASHING TON.
Migratory state Enactments - Subsi-
diary COin-rhe Syndieate- WhIsky
King COnvicts - District Politics =
The speak ership

NugatOry state Enactmeuts - 6ulsi.
diary COin-The syndieats- WhIsk ,
the SPeakership.
WASHINGTON, May 3.-Itis authorita.
lively stated from the treasury depart.
ment that the action OF the Illinois and
Ohio legislatures making subsidiary coin
legal tender.would have but little effect,
The states under the constitution have
the power to make gold and silver a
legal tender, while congress the addi.
,lonal power to define the relative values
OF the two. The effect of the enactments
will probably be to make contracts nav.
able in gold or silver, but the enactments.
IL is thought, will be nugatOry, They
cannot, it is said, have any possible effect
on the value of silver. The courts will
enforce contracts payable in gold or
United States bonds, and as long as sill
yer remains below greenbacks, contracts
payable in silver will not be accepted.
THE AMOUNT OF SUBSIDIARY COIN
Authorized to be issued Is $4,000 Ooo
and thus limited, silver is below rho
value OF the paper. lit were issued in
greater quantity, so as to enable II IN he
used as legal tender in amounts of more
than 50, 1t would still further decrease
IN value. Secretary Sherman says that
our bonds have raised less than those of
any other government, owing to the war.
ours not having varied more than hall
per cent. English consols fuctuated
while ours remained firm.
THE SYNDICATE.
Conant has telegraphed here that the
remaining $lG0,0OO,0OO of the ii ner
cent. bonds cannot be placed before Inc
LIST OF July, as Sherman al first expected
The latter now gives them three months
He expects to call ir $40 600 600 more ot
the 5-2Os next week. -
WHISKY RING CoNvICrs.
AN argument was made before Secre.
tary SHERMAN to-day in favor OF granting
practical immunity to the wbiskv r;n :,
convicts In Chicago. The idea is IN OCT
their fines reduced 10 mere tribe. Tho
effort Will probably tail.
DISTRICT OF COLUMBIA POLITICS.
A delegation of prominent and influen.
tiai business men of Washington have
called upon President Hayes 10 ask The
appointment OF ). f. Middleton. of the
nm OF Middleton q Co., bankers, TO the
position OF district commissioner, TO he
made vacant by the resignation OF Hon.
~ II. hctcHAm.
Various parties. acting on the belief
that the president Intends TO remove
Simon WOlf from the office of register M
deeds tor the District OF Columbia are
making persistent efforts for the place,
Delegations have had interviews with
the president. including one from Alley.
andria, Va, composed OF colored men
In favor OF candidate who commanded
a confederate black horse cavalry. but
several months before the presidential
election espoused the Republican cause,
II Is said, however, there is no intention
TO displace Wolf.
HAYES TRIP SOUTH.
Prominent gentlemen OF Virginia
called upon the president to-day and
mentioned that citizens OF Richmond and
desii ed that he would visit
ZEN on his reported contemplated tour
d the South. The president said il was
lis desire 10 become acquainted with the
'iuzens Of that as well as other sections
u the Union, but that he could NOT vi sin
Virginia until after the adjournment of
he extra session. when he should proh'
'bly not only accept the hospitsljtjes
endered by the citizens of Ricbmond
nd Petersburg. but might extend his
rip further South.
THE sPEAKERsHIP.
1t lie ramored tonight that political