New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-01-27
CURRENT TOPICS AT TIE CAPITAL.
TIRE REPOKr ON TIE TEXAS PA'IFTC
WASHINGTON. Friday, Jan. 26, 1877.

WASHINGTON, Friday Jan. 20, 1877.
The majority report on the Texas Pacific
Railroad hill presented by Col Lamar. chairman OF the
committee says the questions properly before the com
mittee were: First whether Congress has the constu-
tona power to grant such aid second whether 1t is the
interest of the whole country that this aid should be
Granted The committee OF opinion that the coDst-
uonal question be considered settled, 00th oy
the action OF the in afording aid to other
Pacific road-ihus establishing system of Pacific con
nectiOns OF which the Texas Pacific Is necessary ana
component partand by the full declaration o. the public
through the platforms Of both the great political parties
The committee say further that the great commerce be-
tween the Atlantic and Pacific coasts Is scarcely to be
considered interstate commerce merely, Dut
rather as assimlating that vast ocean commerce In
the care and protection n which Congress has never
hesitated to aid ocean steamers, TO make
ocean surveys, ard to establish lighthouses
and they agree with the opinion expressed by
Mr. Hunter CvaJ that it would weaken the great prnc
pes of state rights attempt 10 stretch To which
they do of cover IN right son and where the obtr
sion of such considerations only seem to shock the
common ut maukDd. But the committee fuly
agree that conditions % this aid must guarantee the
Government against sacrifice aud the people against the
selfish exercise ~ tine privileges which THIS ad cOnfers
M tuk the urys cns OF the bill secure these ends.
The guarantee given only the guarantee o the interest
OF the which Issued ony as tue rpdd is com
petrd and III committee estimate that they assume
mat ~ net earning OF 81 500 per mile will meet that
interest. profits Of the roads will be largely more
than sufficient to meet that interet and prevent any
a,iual necessity for the aIyauce Of dollar from the
trra,l:y The mort .gc uf whole property OF tie
roads The sale o? lands ana the reserve 81 $1,000 per
mile OF in the bands OF the Government are fur
ther and ample security Congress reserves the power
To mcdify al freight charges ana American IRON eAcu
siVcly is Ia BE- used upOn the road
MR. CHrTrENDEN's FUNDING BILL.
Mr.. ChittcnGcns bill on the Currency is en-
titled bill for paying the legatender debt in hnr
mony with justice and the repeatedly pledged faith Of
the Government Of the United States" preamble
refers to the fact that the leea tenders originally
fundah!e per cent bonds, and would not have been
issued except on that considerations rccitcs that the
amount OF paper money now Ill circulation Is III excess of
the demands of trade; tina; it Is now apparently
practicable 10 fund the notes into l0year per cent
bonds and that the United States must Ike all other
debtors provide for its honest obligations or be dis
credited The bill itself is ~ follows:
he it enae.ed byMe senqe and House Of Representatives.
NJ M, Tuifed states Of ia fOpgreeS assembled,
That the -ecretary OF the Treasury be and il hereby
authorized t. withdraw, rs soon a. TIE necessary pre-
pafations be made the lcgaltrndcr notes OF the
United states whenever presented by the holders thereof
and issue therefor dollar for dollar of face value coupon
or registered bonds OF the United states III the spirit OF
the orr gna Lraltvndcr aot Proriied That the bonds
p,ion OF 40 years t!u lSt day Of January 1877.
and bear the rate ~ four pee ctntum per
nun. payable quarterly III gold
SIC - That Tie bond, authorized by this act shall be
aya BILE deposit in the Treasury nf the UnitodStates
for ranking prpos under the various provisions law
SEC 3 That the lcsalender notes received in cx
change for bonds under this sLa be destroyed under
such regulations the Secretary Of the Treasury may
prescribe. IA. ~. 49,. --
4. That all laws Inconsistent with TINS act are
hereby repealed.
DECISION OF A FAMOUS LAND CLAIM.
The Commissioner of the General Land Office
on Thursday made important decision IN the of
that parton of tho san Antonio Rancne confirmed by the
courts to Vnceute and Domingo Pcraa. and upon the
southern portion Of which tract OF land the town of
Oakland Cal, is situated The Commissioners decision
is first that whether the District Court had jurIs
INF MD Tho
provision. of The a of March 3, ISL the act of jane
IA $50 passed while the survey OF this pend
Ing In court clothed the district court with special
Jurisdiction over certain class Of cascs within which Is
embraced the one under consideration; second, the
court having thus had jurisdiction conferred upon it,
that jurisdiction was continued by the act OF sGl until
the court rendered H. hial Judgment decree APPROX
ipg the snrNe y, whlcE in this was on Aug ISL,
therefore there oniy remain, Ie puI,y ai
OF this Office Ia issue patent IN accordance WIN SAID
judicial proceedings and upon survey approved Inc
pateut wilt when issued, accordingly be Issued 10 the
coufirmecs named above
LITTLE HOPE FOR THE BANKS THIS WINTER.
The House has practically decided to place
s veto upon all bills which propose repeal reduce
taxation bill providing for the repeal Of the per
cent tax on OF State banks was reported al
yerscly from the Committee Banking and Currency
yesterday, and tabled This decision Is not favorable
TO the proposition 10 repeal the tax upon the
deposits In National banks. which has been strongly
The Committee Banking aud Currency Is understood
10 he opposed to it, and the Committee On Ways and
Means To which bill of this nature was lately referred
has a. yet taken action upon IT, Promncnrbankers
who have lately visited Washington assure members III
Congress that unless measure Of relief FOR Na0na
banks speedily passed majority oi tIoar Institutions
will soon take wind up their affairs and ~
out of the business.
THE ADDRESS OF THE IRISH PEOPLE.
II will be remembered that the President
declined receive unless through Sir Edward Ihorntou
the eongratulaoy resolutions Of the irish nation on the
centenary OF American Independence which Mr.. John
O'Couor Power NJ. r., asked ~ present On the 10th
oi December Representative Holman submitted reso-
luton IN the House mstructlng the Committee on
Foreign Affairs to inquire into and report what action
should BE- taken The Secretary OF state at the request
of Gov Swami chairman of the committee, transmitted
for its information the correspondence the subject
which passed between the department and Mr. Power.
MI Power came before the committee and made his