Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1877-12-01
The House Adopts a Resolution to Ad.
joum 1t three O'clock this
Afternoon.
A Spicy L etter from Secretary sher.
man to 4 New York Banking
House.
The New York Nominations Reoorted Advsr.s,v
BY the Senate Committee.
WASHINGTON.
AN INDIAN DELEGATION.

Washington. Dec la delegation Of
Fox 1ndianshave arrived here UNEXPECTEDLY,
and without consent of their agent. They
had an interview with the secretary of tho
interior, a-king the payment of their board,
blt we're Informed that AZ they left their
reservation without permission, they would
have to use their own means. They replied
they wsuld. The secretary inquired their
business. The Indians replied they would
tell that to their "Great Father" 1t is
understood that they want pay for their
lands in Kansas.
SECRETARY sHERMAN's REPLY.
Washington, Dec. 1.-secret.ry Sherman
makes public his reply to Colgate 4 Sons
OF New York, who offered to purchase
$l5O,000 of four per cent bonds, if the sec.
retsry would receive in payment silver
bullion to an amount sufficient to coin one
hundred and fifty thousand silver dollars
containing in each 4l3 gains of standard
silver. The secretary says:
1 am authorized to issue these bonds only
par for coin, and As gold coin only is author
lied by law, I can only receive gold coin.
This department has sold within six
months, over So, 900, 900 of these bonds At
par for gold coin, with Sl5o,0oo Of bonds or
gold coin. can now buy silver enough to
coin Sl63,s3 Of silver dollars you offer, or
to state it differently. you can buy with
$lS7,a37 Of gold coin, enough silver dol
lars to pay, as you propose, for $l50,000 of
four per cent bonds, and thus as an expert
enced broker can make 4
handsome profit of $l2,663
1t is true you offer to take silver dollars for
your interest. but do not zee how this
helps the government, unless It makes this
pretext TO pay silver dollars to those who
paid gold for their bonds But you would
hardly think this fair or honest; tho gov.
ernment might ind this au expedient to
pay cheaper dollar so convenient that it
might think it better to adopt tide Latin ra-
ITO Of l5H of silver to one of gold, and
coin dollar Of 400 grains with which to
psv you. l know you would not think this
fair or honest, or 1t might think subsid-
larry dollar containingA3s, grains is good
enough to pay bondholder. This l am
sure you would not think fair or henest. I
must therefore respectfully decline your
offer and ask you to pay gold coin O. others
have done. with confident hope that the
United States will never pay you in coin
Of less valuessthan 1t exacts of you.
Yours, very respectfully,
JOHN SHERMAN.
Seer -.
FINANCIAL.
Washington, Dec. IA circularlregard-
Ing the payment Of interest on four per
cent Of the registered stock of 1907, just
Issued BY the treasury department, says
that the books embracing the registered
stock hold abroad. will be closed on the
evenings of the last days of February, May,
August, and November. and opened for the
transfer and exchange Of stock on the morn.
ines Of the 10th of March, June, September
and December following. The books EN-.
bracing the registered stock held in the
United States, will be clos.
sed on the evenings Of the 18th Of March,
June September aud December aud reopen.
ed for tue transfer and exchange stock. on
the mornings Of the let of January. April.
July and October following.
DEBT sTATEAENT.
Washington. Dec. l.-Ths public debt
statament for November shows decrease
Of $l,a23.63a. aud the following balance 10
10 the treasury:
Currency. S.Sl6. .39s; special fund for 70
dempsion Of fractional currency. %, ,s08, ,0O2
spesIal deposits Of legal tenders for redcmp
aon certificates Of deposit, ess.055, 900
coin, ei3s.s7o.ai4. Including coin csr,ia-
cafes. IS. SOL 40; oatssanding Isssl ten
osrs, eSSl ~, soosss doe % military
ssaslisb0ss,s, eAsooeoo.