, 1877-12-08
Telegraphic News.
EASTERN STATES.


NEw YoRK. Dec. 3.--The Times
Washington special says: The Pres
ident in his message expresses the
belief that the Texas side OF the Klo
Grande should receive full protec.
ton from the national government
against predatory incursions OF Mex
leans and Indians. He recommends
that the army be placed in condi-
ton to protect the border; favors
the establishment Of . national uni
versity at Washington; believes the
unlimited reconciliation of silver
impracticable without the concur
renee of other countries. 1t is un-
derstood that in regard to the south
ern policy he writes at some length,
and he also devotes some space to
the discussion of the strikes and
riots o; last July.
On what the president will say
about silver, he holds the ground
that both gold and silver ought to
be utilized in the currency of the
country, but he does not agree with
those who would undertake to legis
late that 80 cents or 81 cents worth
of silver shall pass or be receivable
in place of 100 cents worth of gold.
The public debt Of the country was
contracted in the money of the world
and with the understanding it should
be paid, principal and interest, in
the money of the world. He does
not therefore favor any legislation
that would force creditors of the q.
S. to receive in payment of what is
due them any silver currency worth
less than par in gold. In other
words the president declares his be-
lief in the good policy of using both
precious metals, but he states his
opposition to any proposition that
congress shall exercise the power
given it by the constitution to coin
money and regulate the value there
of in such a way as to swindle peo-
pie. The president is in favor of
making silver liberal subsidiary
coin with a legal tender limit some
what greater than at present, but is
not in favor of making it an unlimi-
ted legal tender.
The Worlds Washington special
says: The presidents message as to
its important features are known to
be:
First-Opposition to the repeal of
the resumption act or to any modifi-
cation that will delay specie resump-
ton. He will state that both the
secretary of the treasury and the
comptroller of the currency believe
the government and national banks
can resume on the day mentioned
by law.
Second-He will favor remoneti-
zation of the silver dollar with a
fixed legal tender limit and legisIa-
ton looking to a conference with
other nations on bimetallic STAN
dard.
Third--He will indicate an earn
est Mexican policy for protection of
the Rio Grande border, stating that
he is about to order there the in
creased force of cavalry lately auth
orized by congress.
Fourth-He will comment upon
at length and defend the civil SER
vice reform policy of his admins
tration and indicate the abuses it has
corrected.
Fifth He will recommend that
the award lately made on behalf Of
the Dominion on account of fisher
les under the treaty of Washington
will be made subject of future
action.
Sixth--He will recite his course IN
removing troops from the states of
Louisiana and South Carolina, and
declare the results have fully justi-
fed it.
Seventh He will inform congress
there is but little of interest in our
foreign relations, except negotiations
for the modification of our extradi-
ton treaty with England and for a
new one with Mexico.
New YORK, Dec. 3.--Transactions
at the mining board, 400 American
~, 100 Hukill AZ, so Kentuck 81
500 Moose II, 200 Mexican 164
100 Overman 25, 100 Savage 141a.
Siluer brs 1907, greenbacks, Ill Z
gold; silver coin, H@4 discount
gold closed at 1929; money, sos
governments firm; stocks active and
strong; Western Union, ,77T; Quick.
silver, Is; Pacific, %; Mariposa, 2A
Wells, Fargo, Sc, New York Central
1865; Erie, 1OI; Panama, 26; I'm
ion Pacific, 664; bonds, 1O7H; Cen
trail Pacific, 1915.
New YORK, Dec. 3. 1T is now sale
Sitting Bull and his chiefs misunder-
stood the offer of our government, tha
they now state they did not refuse tt
return. The inference is that had they
understood they would have returned
The rapidity Of Terry's speech and
hasty manaer in which the affair was
conducted give color to this story.
OMAHA, Dec. 4.-Lieut. Wells, re
Gently discharged from the 9th Infantry
for Drunkenness, was to-day arrested
here on a charge of obtaining money
under fslse pretences from Wheeling
(Va.) bank. He has also eonfdencee
several parties in Omaha. He is q rel
ative of Gideon Wells, former secretary
of the navy.
NEw YoRK, Dec. 4.--In the suit o
the people against ex-Comptroller Con
nolly his counsel consented to judg
ment for the sum claimed. over S., 900.
600, and the jury accommodated hin
with a verdict for that smonnt.
CHICAGO, Dec. 4.-The Times Wash
ington special ridicules Prices resolu
4ion forbid ding the sale of LIQUOR in tn