The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-10

H tho Louisiana question. II this Is amicaply ad
)usted Mr.. Foster will DO pressed, as likely 10 win
Southern support
GENERAL WASHINGTON DISPATCHES.
wAsnuoros. April O. 1877.
rHE INDEBTEDNESS OF THE CENTENNIAL BOARD
OF F1NANcE-A DECISION IN FAVOR OF THE
GOVERNMENT.
Tho following decision was rendered in the Supreme
Court OF tho United States to-day
Eystcr, Assistant Treasurer, SO, va The Centennial
Board OF Finance-Appeai from tho Circuit Court for
tho Eastern District of Pennsylvania Tho single
question In this case was whether In tho distribution
Of moneys remaining In tho tho Board ut tho
pose Of the affairs Of tho corporation as provided for
In the act Of Juno, 1872, tho appropriation OF
el,600. 900 made by Congress In February 1875 must
ss paid into the Treasury before division Of assets
s made among the stockholders Satisfaction and
discharge OF tho capital stock. The Court hold IL to
be apparent that tho object OF Congress In all ITS egs
ation with reference to tho Centennial Exhibition was
to enable the people Of tho United Satcs TO commemo.
ratio tho completion Of tho 6rst century OF their
siona existence by an exhibition which the people
81 tho wholo country should participate and which
bad the sanction of the government. The object
therefore, was national; but until tho act OF ap-
preparation II was expected that the entire expense
should DO borno by the people without assistance
from Congress- The previous acts only provided tho
necessary organizations under tho auspices OF the
government. Tho act Of 1875 appropriated money.
be paid back under certain circumstances tho &C.
ccptanco Of the money by the Board of Finance
created liability to repay Il By the not OF 1872 tho
assets of the corporation to DO divided among
The stockholders only utter the payment Of all liabi-
ies, and, unless the contract entered into otherwise
provides 1t Is clear tho United Statcs must be paid In
full before the stockholders can claim distribution
among themselves Attor lengthy examination Of
the statute the Court to tho conclusion that II
The net receipts are to DO treated the net
10 tho way Of construction in favor Of
the United States Tho OF 1875 requires tho pay
ment OF debts, and then the reimbursement Of the
United States before the distribution of profits TO
stockholders. Not word said about restoring
capital There was intention in tho Of 1915 to
change the order Of distribution provided by that
Of 1872 except by giving preference ohes liabil
ties over that Of the United Statos The terms used
arc Identical, and the statutes relieved from all
discrepancies, without violence to the language of
either.
The decree OF the Circuit Court is reversed, with
directions to a decree directing tho payment of
the 900 into the Treasury before any division Of
remaining assets among the stockholders. The Chief
Justice delivered the opinion.
ASSISTANT SECRETARY OF THE INTERIOR.
Tho PRESIDENT to-day appointed Alonzo Bell Assistant
Secretary OF the Interior.
Major Bell will assume hts new duties tomorrow
Ho Is a native Of Now York city and has been in the
public service over twelve years. having nearly
eleven years in the Office OF the Second Auditor tho
Treasury From this he summoned to a RESPONSE.
Bile position In tho Office OF the Secretary OF tho
Tresary. Subsequently, tho 9Th OF November,
1876, no appointed chief clerk or tho Interior De-
partmeat appointment entirely unsolicited his
part. Sin,e his connection with the Interior Depart
ment Mr.. Bet, has thoroughly famiarized himself
with tho workings OF tho department in all its
branches and has been bringing about
many reforms Of value 10 the public service. He
formerly and for several years president OF the New
York Republican Association OF this city. He Is law
school graduate and is gentleman Of conceded ability
SUBSIDIARY SILVER COIN IN EXCHANGE ron
cuRRENcY-MANNER or OBTAINING IT.
The following circular will be issued by the Treasurer
" tho United States Tomorrow
NATIONAL BANK REDEMPTION AGENCY
Under tho provisions OF Treasury Department cir
cuiar NO. 43, Of March %, 1877, relative the
which subsidiary silver may be obtained in
exchange Tor currency, tho Treasurer OF United
States and Redemption Agent will cause to be Tor.
wardcd nom some mint OF Inc United States the ex-
pense Of transportation to DO paid by the mint to any
point In the United States through established
express lines BY continuous railway or steamboat
communication subsidiary silver coin In return for
national bank notes forwarded to him for pou
sums Of $1,000 or any multiple thereof not exceed
Ing $4,000
Treasurer OF the United States and Redemption Agent
THE LEGAL TENDER NOTES RECEIVED IN En-
CHANGE FOR sILvER-A SPECIAL FUND.
The Secretary OF the Treasury has directed tho
Treasurer OF tho United States to keep as a speca,
fund.- separate and apart from all other money tho
Treasury the legal tender notes received In exchange
for svor coin under the provisions Of the first
OF tue joint resolution for tho OF silver CON- ap
proved July 2. 1915 The Treasurer will open an
with these notes once and they VIII DO held
ouy for tho purpose Of rodeeming tho silvor
CURED by the provisions Of the joint resolution.
RETURN OF SECRETARY scHURz.
Secretary Schurz returned from New York to-day
His family did not como with him, but Will be hero
some time next week. Tho Secretary has not yet
definitely fixed upoa for bis residence WASH
ingtou.
CONTRACTS FOR MAIL MESSENGER AND STATION
sERvIcE-A REApvERrIsEMENT IN THE CASE
OF SEw YORK.
Contracts Tor mail messenger and station service in
tho citics OF Boston. New York, Philadelphia, Balm
mere and Washington, bids Tor which opened
Saturday, were awarded to-day by tho Postmaster
General in each 10 the lowest bidder, except IN
tho city Of New York. Ia this case ihere was
Nh informally IN the proposal OF tho lowest
bidder a. X UtisL that his bond was
signed aud dated one day anterior to tho
certificate OF tho Postmaster, which, under
the ruling Of tho department, rendered II void The
certificate OF The next lowest bidder Is. N. hoyp was
signed by the Assistant Postmaster at New York. which
claimed by tho next bidder TO be informal, but the
amount Of bid being over 50, 900 10 excess OF the
present price, the department avaicd itself OF
served rights aud DECIDED to rcadvcrtiso tho service
without acting tho question vi rrcgularity as 10 the
second proposal
SUICIDE by A FARMER