Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-05-18
NIGHT DISPATCHES.
NEW YORK.
Secretary sherman's Chat
about Reconstruction.
Sailing Of the Russian
Fleet.
NEW YORK.
New YORK, Nav II.

IL Is StaIoO tndI II0 S~oCToIdTy OF the
Treasury contemplates publishing
within a few days an official explana.
nation of his financial policy, so tar as
it relates to the execution of the re.
sumption act of January IA, 1875. In
it he will show that he intends to
adopt no aggressive measures and that
the course he will pursue, instead oil
crippling the industries of the country
or emb arrassing its finances, will pro-
mote the interests OF both. His pur-
pose is-sitnply to execute, both in its
letter and spirit, the act providing for
the redemption Of legal tender notes
on the first of January, 1879. The
method adopted will be that author
lied &nd provided by law. In accord
ance with the provisions of this act, the
volume Of outstanding legal tender
notes is now being gradually reduced,
simultaneously with the issue of the
new National Bank notes, but at the
close of business to-day in the Treas
ury Department the amount of green
backs still outstanding was SCI ,494 ,404
in excess of the three hundred mil
lions, the minimum, contemplated by
the act to be kept in circulation until
January 1879. To prepare for the re-
demption of this three hundred mil
lions of legal tender notes in coin at the
time fixed, the Secretary now contem-
plates the sale of one million worth of
United States bonds at par in coin, the
proceeds of which he will hold as a
special redemption fund. The sale Of
the five millions of four and a half per
cent. bonds negotiated by the Secretary
of the Treasury with the syndicate last
week, was the first Of a series Of sales
by which it is proposed to obtain this
fund.
Two frigates of the Russian fleet this
morning steamed down the river. On
nearing the bay at the battery the
United States frlgate Minnesota hoisted
her flags, her sailors manned the
yards and she opened her batteries
and saluted the Russians, they ie-
spending. On proceeding down the
bay to the sea, the different forts on
the route saluted. to all of which the
Russians responded gun for gun. At
ll:30 both vessels passed ont to sea.
The third vessel of the fleet has
just weighed anchor and is now pass.
ing out.
A New Candidate for Speaker
other W sshinEtOn Items.
WASHINGTON, May II.
John Goode, Jr., Of Virginia, has
announced himself as a candidate for
Speaker.
Secretary McCrary believes that
the officers Of the army will avail
themselves of the proposition of
Drexel, Morgan * Co. to advance their
pay, but does not think it necessary
for enlisted men to avail themselves
of the offer.
The plans for the restoration of
Lerdo to the Mexican presidency,
which promised early success a few
weeks ago were disconnected by the
miscarriage of important dispatches
from his adherents in the Mexican
Capital, as they fell into the hands OF
tho Diaz party.
A Fatal Railroad Accident and
Heavy Storms in Kansas.
LEAvENwORTH, KS, May IL.
S. F. Dixon, said to have been a rail-
road engineer in CALIFORNIA, was run
over and killed by a train here yes.
terday.
The heaviest rain for twenty years
fell here yesterday, flooding the creeks,
carrying away houses and doing much
damage.
Wreck Of a Schooner and EOss OF
Life.
VINEYARD HAVEN, MASS, Nav II.
The steamer Collier, from Harris
burg, collided with the schooner
Marietta Tilton, off Cross Rip, last
night, sinking the latter in a few min.
utes. Captain Worth aud wife, the
mate, cook and two seamen were
drowned.
A Wife Murderer Dies withO mt a
TremOr.
PHILADELPHIA, May IL.
Quigly, the wife murderer, was
banged at half past ten this morning.
He met his fate with resignation and
died without a struggle.