The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-04-24
troops would coms out this week, Or the

troops would come out this week, Or the
fore part Of next.
Kellogg got the news Of the action OF
the Cabinet to-day about o'clock. He
rushed at once to the War Department,
where he found Secretary MoCrary en-
gagged In writing the order, with Webb
Hayes Id waiting TO take him over to
the White House with 1t. The. jig was
up for Kellogg. He saw that there was
bnt little comfort for him there: He
rushed down town pale and despairing.
He Was very quiet, however, in his TALK,
and said nothing was TO be done. he
Of course thought everything was going
wrong, but he did not know what was TO
be done about 1t.
MORE TWEED RUMOHs.
rho Prisoner Of the Ludlow street Jail
sphinx.
New York, April tg.-Rumors still
continue to circulate as to parties Inn
plicated by Tweed's disclosures, but IN
the main they are only q repetition OF
those heretofore current, with the usual
additions, Tonight, however, O fresh
rt1tuur has started, to the effect that Mr..
Townsend Last night brought up and
has placed In the hands Of the Attorney
General d supplemental confession OF
Tweed'e. This, 1t ID said, Is intended 70
supply certain information as TO the
election OF Judges OF the Court OF
Appeals. The Attorney General declin-
cd to say anything about the matter TO-
day. as. In fact, he has from the first.
The Woodin Investigation committee,
who called upon him this afternoon.
had no better success than the news
paper correspondents. They pronounce
him q perfect sphinx.
The committee will 90 to New York
to. morrow night, and on Saturday they
will visit Tweed In Ludlow street jail.
Tweed will reply to the questions OF the
committee. II he refuses the only
remedy the committee will have is TO
report him to the Senate, which body
can then, ii 1t chooses, declare him In
contempt.
Tweed will certainly be released
within short time, and Sweeny. ana
other leaders Of the ring will make o
settlement. New suits against perssnss
into whose hands public funds passed
corruptly are expected.
SPECIE PAYMENT.
secretary sherman Thinks 1t Can he
Resumed Very soon.
IN. Y. Tribune,
WASHINGTON. April 1s.-The Secretary
OF the Treasury is reported to have said
L 4
the present condition Of affairs, IL Con-
| gress does not interfere with him by
| new legislation on the currency ques-
ton, he will be able to resume specie
payment and fund the balance OF the
government six per cent bonds in four
per cents by January /, 1879.
After q careful survey OF the flnancil 81
field, the Secretary has determined to OPP
pose any change of existing laws on these
subjects, except 80 far as may BIO neces-
sary to facilitate funding operations.
The threatening outlook In Europe and
the probability OF on early. declaration
of war has not yet. as he is informed,
affected the demand for the d per cent
funding bonds there; and while he Is
Iapprehensive that there may be tenn
porary suspension Of activity in Che con.
version of our 6 per cent borNis, he
finds much encouragement In the fact
THAT the uncertainty OF the 81 ent OF
the conflict will be In our favcf when
European nations attempt tc effect
loans at higher rates OF interest than
our bonds now bear. The secretary IL
now considering the feasibility OF Inn
mediately suspending the further issue
OF Al per cent bonds and the substitution
or 4 per cents In their place. Negotiation
looking to this change are now being
made with the representatives OF the
Syndicate.
The sales of Al per cent bonds nov
!. am cunt to about 81 ,000.0 900 day. Th
I outstanding sos OF 1865 now beinl
called amount to about 900, 900, ant
after this Is refunded the next to b
called In and replaced by bonds OF lowe
rates of interest will be the consols g
1866, 1867 and 1868. The Secretary j
9 aware that should war actually be. &c
clared some Of our bonds now hel
abroad will be returned In payment fo
, exports. In speaking on this supJec
7 he Is reported to have used this lar
guage $50 much the better for us.
!. We get them In large quantities in the
y way IL will be better piece OF good fol
tune than I expect