, 1877-05-10
What the Government is Doing to
Stop the Mexican Raids.
The Mexican Authorities Must Heed Their
International Obligations.
A Department Order for the Re
duction OF the Army,
Tweuty.ave Hundred ENLISTED Men to
BE Discharged.
The President Talks Confidently Of the
Success Of His Policy.

6ptetai Dspaseh to 7ae 7rtbunk
WASHINGTON. u. e.. MAY D.-lf tho extra ses.
sion OF Congress had been called for tho Atss Hun
dAy 10 Junc II 10 not probable that the rscatdcnt
would then hsvc directed the attcatiort. OF that
body 70 The subject Of resumption; but tho possi-
bi'ity that ono lfouao the other wonld have In
ssted upon taking up this subject and discussing II
aTen II no bill was pnasei would probably have
prevented any Immediate steps on tlc part Of ths
Trcesnry Department looking 10 tho carrying out
OF tho law Of january, 1876. Dit now that Con.
Rress will not meet nntii fail, and moro than fvc
months will intervene during Which no legislative
interference with auy ptau Of the Administration
can take p,acr, II il beloved that
aoME DEFINITE POLICY
looking to an execution Of the Resumption act may
be at once adopted It IL reported, Indeed, on gool
authority that this subject has already been In.
formally discussed by tho Cabinet, and that
Secretary Sherman. before hts return from Phlla.
delphfa, will sisit New York Tor tho purpose OF
consulting with prominent busncss men and
bankers there n regard 10 the best method Of pro-
pairing for resumption On tho 1st OF January, IT'D
i will bc remembered that by the act Of Jan. II,
1s75t the Secretary Is not only authorized to use
any anFplns revenues from tlmo to
time in tho Treasury not otherwise
appropriated. but a'so to Isauc, sell, and dispose
Of at not less than par In coin, either Of tho Dc.
acslptions Of bonds Of tho United Stxtcs described
In the act Of Cou9tcas approved July II, 1870, and
10 use tho proceeds thereof for tho purpose OF
cAHRr1N0 OUT TIE ACT.
Tho Resumption act, It may also be remembered,
contemplated preparation for tho redemption Of
United States notea in coin on tho lat OF January,
1870 This preparation mar bo made in one ur
both OF two why's: first, large stock Of coin and
bullion may be accumulated In the hands OF tho
Government With which to redeem tho outstanding
Icgnl'tcndcrs ut tho date named; or, secondly,
surplus resenues, or The proceeds OF bonds
sold for tho purpose, may bc used to retire
outstanding grecnbaekH before tho date OF
theIF fedcmption: OF. !httdly. the
boarding Of gold and the retirement Of erecnbaeks
Hay bo1it proceed a. once. II tna Administration
cousenplatea the atst or third Of these policies
thn to present atato Of ths bullion market In thls
eoanty - @ofs favorable to Y sne
nacal rear ending June. So, 1s7d, tho csti,iated
Eala IN ti!o ssock Of rotd In this country. after
. mixing slowaneas for expectations aud tho amount
~ tue Ng,oHnoRuooD or s9,5oo,oo0,
Thils t9e ga!n tn sllser was about $o., COZ. 600.
tErs product of gold aud silver mincs been re-
taiaSd , in tht. eouatry but In addition to this
Tho present movement Ia gold nnd silver towards
EarGps my destroy ri. balance before the close
amount Of precious metals equal 10 the entirs
product Of our mines during the year Will be re-.
tothood Of frou; 800 900 600 10 el00 ooo 600, nnd
% tie latest ndrfcos froE4 tho Wost show thai
larger percentage u thu whoe amount will DO guild
than during s1YetaI years, Tho anlount OF that
mstal @ VII Y,.le. w!li Go accumulated b. thn aotA Of
II, tloh. the Administration should consider II
moro wiso to isxin m accumulation oil gold
coin and bullion for tho purpose Of re-.
january. 157D, It could probably do 10
without At present drawing heavily upon the Euro-
peat, ;atock a9d without suFioualy disturbing he
World. Il IL not knuwn that tho Administration
eontea'nlatca anything Of thEA kind. but it IL IN.
doubtody true that Secretary Sherman will visit
New fufk the latter part Of the }rcsent week for
thq pnfposo " consulting with leading financial
tnGu on thls subject.