Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-12-02

vember shows q decrease Of 81 ,a23, 634.
aud the following balance In Treasury
currency, es,Sl6, 1896; special fund for
RECEPTION of fractional currency. w.
SOC, COZ: special deposit of legal ten
ders for redemption OF certificates Of
deposit, $50, OS5, 600; coin, $133. 970, 2l4,
Including coin certificates, 81, 1871 400;
outstanding legal tenders, 1851 $40. 2SS,
amount due military establishments,
i.5O0. 900.
Secretary Sherman makes public his
reply to Colgate & Sons. of New York.
VINO offered to purchase $50. 900 worth
1T four per cent. bonds, II the Secretary
would rsceivs in payment silver bull
ion to an amoun sufficient to coin n
hundred and fifty thousand silver dol
lars. containing in each 4l2H grains
standard silver. The Secretary says:
/ an authorized to issue these bonds
Only at par for coin, and as gold coin
only is authorized by law / can only
receive gold coin. This department
has sold within six months over
event five million Of these bonds at
par, for gold coin, with one hundred
and fifty thousand Of bUnds or gold
coin. I can now buy silver enough to
coin the Sl63 $50 of silver dollars you
offer, or, to state II differently, you can
buy with sl37, 1897 of gold coin enough
silver dollars to pay, as you propose,
for $3.50. 900 four per cent. bonds, and
thus, as an experiment., a broker can
make the handsome profit Of $l2,663.
It is true you offer 4 take silver dol
lars for your interest, but / do not see
how this helps the Government, unless
IL makes this pretext to pay silver dol-
lars to those who paid gold for their
bonds; but you would hardly think
this fair or honest. The Government
might find this expedient to pay IN
cheaper dollars So convenient that II
might think il better to adopt the latin
ratio Of fit een and = hall OF silver to
one Of gold, and coin = dollar Of four
hundred grains with which to pay you.
l know you would not think this fair
or honest. Or it might think a subsid-
nary dollar containing 3S5 grains is
good enough to pay . bondholder.
This l am sure you would not think
fair or honest. l must, therefore, re-
specially decline your otTer. and ask
you To pay gold coin. as others have
done, with confident hope that the
United States will never pay you in n
coin Of less value than 1t exacts from
you. JOHN SHERMAN.
In the Executive session OF the Sem
ate, between 2and 3 O'Clock this morn
ing. the nominations of Theodore
Roosevelt tn b. Collector Of Customs,
and l.. Il. Bradford Prince, to be Ma
val Officer for the port Of New York,
were reported adversely and both
we're placed on the calendar. The
nomination OF Edwin A.. Merritt to be
Surveyor Of Customs, was not re
ported.
The Sepa'e Com ittee on Privileges
and Elections to day by q vote OF 9
against 3 decided to report . resolu-
ton, declaring j. b. Eusiis entitled to
a seat as Senator from Louisiana for
the short term ending March 3D., 1879.
Following IA the vote: Yeas-Wad-
leigh, Mitchell, Huar, Salisbury, Mer-
Wisconsin, Mcmillan and Ingalls,.
In the Senate, Wadieixh presented
the resolution Declaring Eustis entitled
to a seat in the Senate FROM Louisiana.
Placed on the calendar.
ingalls, gave notice that he did not
concur with the majority OF the com
mittee in submitting this report and
would hereafter present the report OF
the minority signed by himself and 20
others. The Deficiency Appropriation
bill was then taken up.
Failures for November Business
improvements for she Past Week
Loss Of y Schooner.
NEW YORK. Dec. L.
Dun, Barlow Il Co. report 81 failures
during November, with aggregate liza
bilities amounting to 81 ,066 ,000. In
addition to this there was q large num-
Der of assignments filed and receivers
appointed, which will make the total
liabilities for the month $1,000 900.
| There Is a slight falling off in the num-
| Der OF failures for November as com
| pared with October, while the gross
liabilities have decreased nearly 80 per
cent.
The exchanges for the last week un-
| mistakablv show some business i'm.
proveinent; ard in Boston, although
their gains IN elearings are partly due
to bond operations, but only four out
of eleven principal mercantile centers
excluding San Francisco, which has
not yet been received. show gains.
United States torpedo boat Alarm
was in colii-ion November 18th, OF
Barnegat, with the schooner g. II G
Brooks, from Virginia, causing ths
latter to leak badly and carrying away
her sails. The Alarm took tho schoon
or in tow, but the hawser parting, she
returned o this port to replace the
boat lost.
Sam. B0Wles Dying.
SPRINGFIELD, Mass, Dec. l.
Sam. Bowles. editor Of the Repubii
can, who has been III for evera
weeks, suffered this morning paralysis
Of the brain, and his physicians say,
he cannot recover. He is now uncon
scious.
FOREIGN NEWS.