The Lake County star., 1877-06-21
Special CsrrsspoAdsAGe.

b-n SPECIAL COffeSp0hQ6h@.
iShcrn,an's Ncw Contract Invcstiga-
tion Of the Indian Office More Tsi-
icaisn-Me1ico. fin ~
,le. WAsmINoToN, ID. c., juno IA, III. !
g, Secretary Sherman's proposed
new contract with the syndicate and
certain prominent banking firms
was endorsed by full Cabinet meet
ing on Saturday, after conference
OF 20 minutes, and many congratu-
latsry dispatches have been sent
him from every section 6f the ceun-
try and Europe; and the Impression
appears very geheral that tho man
agement Of the National finances
are in able hands. 10, +,
sy4 Upon cemplsting the new con-
tract the syndicate at once subscrib-
ed for 25 millions Of the A per cent.
of the new lean, to be paid for in
July and August, Ave million to be
applied to resumption purposes and
the balance to redemption Of 6 per
cent. bonds The loan is to be open
thirty days to popular subscription,
with privilege Of payment in 90
days frsm delivery. Of the two
hundred million Al per cent. loan,
one half has been Withdrawn from
market; the last twenty five million
Of the balance has been taken by the
syndicate under the old contract,
also tsbs applied to resumption and
redemption purposes, thus closing it
cut and starting of with prompt
subscription to the 4 per cent. loan.
and with an excellent prospect, it is
said, Of q large popular demand.
From about every source of in
formation it appears probable that
both parties in the West will start
in on the Fall campaigns with the
remopetization of silver, either linn
tied or absolute, inscribed ON their
banners. The drift Of Democracy
appears to be towards imitation both
by means of the restored silver dol
lar and more greenbacks, while the
Republicans seem favorably dis
posed to the plan Of making silver
"a legal tender in all currency cen
tracts, and only to be issued in ex-
change for United States notes and
fractional currency, thus making it
WORTH Just as much and no more
than the currency, and subject only
to such fluctuations as that is liable
to. BY this plan for every dollar
issued, dollar of the currency
wsuld be retired. This is under
stood to be substantially the plan
advocated by Secretary Sherman,
he holding It to be fair comprom-
ise between the East and West, and
one that would invariably tend to
resumption Of specie payments at
the time designated by law.
q A startling rumor is abroad this
morning to che effect that ut the
very threshold of the investigation
ordered of'the Indian Office, there
has been discovered a ring Of great
magnitude, in the issue Of supplies
upon tho basis of false returns as
to the number of Indians actually
to be, supplied. The operations are
also charged to have extended to-
the land department, the scrip is
sued to the" Indians having fallen
into the hands. Of tho ring by ccllu-.
sion between outsiders and officials
here. 1t is said that not only will
there be many dismissals, but that
arrests and prosecutions are fore
shadowsd by the evidence Of fraud
and corruption already obtained.
? Inasmuch as the friends Of fTilden
in Congress were responsible for
the Electoral G Commission, and we're
never moro solemnly pledged to
abide any decision than that reach
ed by It, his speech last night to the
unwashed throngs Of st. Tammany
10 generally regarded here as child
ish and puerile to the point Of inn.
bscility. Not . new idea was ad.,
vanced from him. Hendricks, Rob-
ihson, or any of the ether speakers;
only the old drivel Of "8 to Z"
.'countsd in," Counted out" etc.
The shameless part allotted to and
played by Robinson in the sham Of
the evening previous, viz: to return
his thanks fer his adoption by the
rotten, corrupt and altogether vile
set Of men largely composing the
ranks and fils Of Tammany ball,
appears to have alarmed many citi-i
xens ofthe great State Of New York;
for the demonstration is interpreted
here as simply the public assertion
of Tammany Of it's ownership of the
Governor and . notification to him
aud all othcrs concerned that here
after he Is 70 ',lc or refuse to do only
as he il, conlianded BY that aisre-
putabIe gang, worse If possible, than
even when under the exclusive con-
trol Of Tweed, Sweeney, Connolly.
and Hall. o1 - 49, .s,.s.t,.,l,-... ~
The distress of certain exclusive
y. reform organs and politicians
lest heacivil service should be ire
parably crippled by the enforce
mcnt Or Secretary Sherman's order
against the cid abuse
nops stism---in his Dopartn'en is
very marked. They showed q CON-
mendablc degree Of stoicism, when
huidrsds Of female clerks were sac
iiflcsd, many Of them the depend
ont relatives Of dead soldiers, hav-