The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-03-02

yITED TO JOIN IN nEGTtrATTEG sPE--
Gle YALUEs-THE LIGHTS AT nUTCH
GAp-LABoRERss THIKE YoRK-.
REJoIcINGs IN oHio OVER TIE PAesAsE
OF THE SILVER BILL--THE AUSTRIAH
VOTE OF CREDIT-THE TREATYoFPEAcE
no BE SIGNED To-DAY-RUssIA1sAID no
HAVE ABANDONED THE IDEA OF THE
cEssIoN ToHER OFTHETURKIsHF FLEET
RUSSIA RESOLVED no MAINTAINTHERE he
suit OF THE WAR, &c. 1880
WashinetOn.
THE RIVER AND HARBoR 1BILL--EEW POSTAL
| SAVINGS BANK-sTLvER-THETA TARIFF BILL
REVISION OF THE PATENT LAWS PRO-
Posed NEW GOVERNMENT BUILDING FoR
sTAUNT0N-PRoP0sED RESOLUTION DEcLAR-
| ING TT INExPEDIENT TO MAKE ANY CHANGES
IN THE TARIFF sys1EM-vAR1OUs BRIEF
ITEMS. s:9. Il ~; Z. 5 4. ~.
From Our Regular Correspondent
WASHINGTON, March ] 7 he House Com
Imittee on Commerce to-day agreed upon the
following estimates: For the improves
ment OF the Little. Kanawha river, West
Virginia, $4,000; the Monongahela river,
West Virginia, 1925, 600, and the Wabash
river, Indiana, $4,000. ....'' .,5
THE POSTAL SAVINGS BONDS.
The subcommittee Of the House Com
mittee on Banking and Currency to-day
agreed upon bill which 1t is very certain
will meet the approval Of the full commit
tee and be- reported to the House. 1t pro-
vides that persons may deposit with post
masters sums OF rs cents and upwards, an
account, OF the same to be kept in a pass
book. When such sums reach $40 postal
order shall be given for that amount. And
these postal orders, when presented in sums
/ OF $40 and upwards, can be exchanged for
bonds. ANY person may deposit in one
day sum not exceeding 800 and receive q
postal order, which may be made transierra-
BILE by the endorsement OF the depositor.
| These bonds, called postal savings bonds,
are to be issued for len, twenty, fifty. and
! one hundred dollars, and bear interest at
\ the rate Of 1856 per annum. After three
years they must be- exchanged for legal
tenders or Treasury notes. or for four-per-
cent. United States bonds, issued under act
ofJuly IA, 1870. These bonds areto be non.
taxable. The Secretary of the; Treasury is
authorized to issue special legal tenders to
the amount Of ten per cent. OF the outstand-
ing postal orders and savings bonds until
he shall have issued up to $50, 100000. L.27
THE FINANCIAL sITUATIoN-s1LvER.,
| The Senate Finance Committee to-day
talked over the House bill for the repeal OF
the resumption act, and at the instance OF
Mr.. Allison postponed 1t until Tuesday
next. The committee is closely divided,
but the best information says that the House
bill or something similar will be reported. A
careful canvass Of the Senate makes the vote
on the bill stand Al senators for repeal.
This calculation omits doubtful senator's.
The Secretary of the Treasury has ordered
the coinage OF subsidiary silver-coin to be
stopped at once. The Government has now
Sc, 900, 900 OF this coin on hand, and whereas
the demand some time ago for it was $40
900 per day, it is now only 81 1000 per day.
Two million dollars in gold is to be taken
from the Treasury monthly to purchase
silver bullion, and this is to be replaced by
silver whom coined. The silYer-men are not
disposed to relax their efforts in behalf OF
free coinage, but it does not look as If they
could be successful until experience proves
the wisdom Of the silver bill. Members OF
the House now agree with Senators Thur
man, Beck, and others, that the bill was
only saved by the concurrence OF the House
| in the Senate amendments. Governor Wal
ker thinks that nothing more will be done
until the silver DILL has fair trial. II it
works well, then other steps, he says, Eay
be safely taken in this same direction; but
If it fails, then it can be repealed. and no
great harm done. He prefers the present
bill to that originally passed by the House.
THE POLK INVESTIGATION.
Mr.. Polk was before the Committee OF In
vestigation again to-day as witness, and
while endeavoring to explain in regard to
the extra pages the committee went into
secret session. Amember of the committee
says he did not help bis case at all.
INTERESTING ITEMS IN REGARD TO THE
| TARIFF. .
The Committee OF Ways and Means to.
day, in determining to admit raw silk free,
and to reduce the duty on manufactured
silk from 90 to 40, endeavored to pro-
tect the American manufacturer while help.
ing the consumer OF the foreign article,
The duty on spices was fixed at what it is
in the present tariff. The committee will
return to iron, and probably make some
notifications.
| Your correspondent, in saying that the
following have been so far agreed upon,
speaks by authority: Steel railway bars,
three fourths OF a cent per pound; Bessa
mer and crucibe steel, q cents per pound
bar iron, IS per cent. ad Ualorem; al
other steel, 35 per cent. al uatorena. The
committee will take. up manufactures Of
| wood next, and 1t is to be hoped will agree
to place tobacco-shooks on the free list.
THE STEAMSHIP LINES FROM NEW YORK tt
| BRAZIL.
The House Post. Office Committee to-day
reported Ia favor OF lines of steamships
from New York and New Orleans to Brazil
Each is to have subsidy, Of $4,000 pei
annum, and are to make semi-monthly trips
The New Orleans line, however, it is to
night charged, is never to be started; ant
this bill, If adopted, will, prevent for ter
years other lines being established. Mr.
Freeman's bill, it is claimed, gives all port:
md shiD-owners an equal chance, and will