Daily Los Angeles herald., 1878-11-24
Latest Eastern News,
Conference on Rssump,iuu.

lnlllee vi tue dSbOCldtSu OduhS VI
Baltimore, appointed to consider
and report upon the action expedi-
ent to be made by the Baltimore
banks in expressing their sympa-
thy with and cooperation in the
by the government of
specie payment on the 1st of Janu-
ary, had an interview to-day with
the Secretary of the Treasury and
series of questions.
The Chairman said the questions
were suggested in consequence of
the law providing that resumption
shall take place in New York. Tue
Secretary, in his reply, said it
would seem that if we secure abso-
lutely the convertibility of United
States notes into coin at the chief
city, We practically Sc
cure the same convertibility at
every other place in the United
States. Actual redemption is
confined by law to the office of the
Assistant Treasurer at New York.
This is a wise provision, for it
would be inexpedient to scatter the
redemption fund so that it would
not be readily available. Redemp-
ton in New York, the commercial
center of the country, establishes
the equality of United States notes
with coin, and this is the main
thing, and carries with it their
equality in all parts of the United
States. The difficulties suggested
by the Baltimore banks could be
met by either of several expedi-
ents. First, this department. can
now, by express provision of law,
sell or exchange coin for green
backs. This has been done for
years at Boston. Baltimore and
other leading points, at the same
premium for gold as the market
rate in New York. This could be
continued after January 1st, when
at New York the rate will be at par
and therefore the same rs else
where. Second, United States notes
being at par with coin, can, /
think, under the existing law, be
received for customs duties, and as
this is the only purpose for which
coin Is required by law to be paid
to the government by citizens, it is
the purpose for which 1t is equally
desired; if there is any doubt upon
this point, Congress may expressly
authorize it. Third, if United
States notes are taken for duties in
New York, they must be taken for
duties in every port in the
United States, otherwise an uncon-
stitutional preference would be
made in favor of one port over
other ports in the United States.
Fourth, after resumption United
States notes must be held and
maintained at par for this purpose
in all ports Of the United States.
a Fine Prnnk for "a Lieatenanf-
Colonel.
WASHINGTON, Nov. 23d.--If n
report received at the Department
of Justice to-day from official
sources is to be credited, the army
could endure n reduction in the
person of one officer without much
loss. 1t seems that Lieutenant
Colonel Buell.. of the Eleventh In
fantry, commanding at Fort Gus
ter. in Montana, for long time
encouraged one Seigeneur, who
kept a restaurant at the post, to
sell wines, liquors and tobaccos
without paying the special tax es-
tablished by the internal revenue
laws, promising that he would pro-
tect him. Collector Fuller warned
Seigenuer three times that he
must comply with the law, but the
man, at the instigation of Buell.,
refused. AT length warrant was
sworn out against Seigenuer and
placed in the hands of a Deputy
Marshal. When the deputy went
to the post to make the arrest he
was ordered offby Buell.. Neverthe-
less the officer arrested Seigenner
and took him before the Commits
sioner, who bound him over.
TIE Grand Jury found two indict-
ments against him. Subsequently
the officer went to The post again
with the same prisoner in custody.
Buell. put the deputy across the
river at the point of the bayonet,
without blanket to protect him
against the weather, or weapons to
protect him against hostile Indians,
at the same time permitting the
prisoner to remain at headquarters,
and, in fact. would not allow him
to return. 1t is presumed that the
Attorney-General will insist upon
an exemplary punishment being
visited upon Buell. for his outra-
geous conduct by calling the atten-
tion of the War Department to this
lawless officer.
PIanas for she Democrats Rist.
CHICAGO, Nov. 23d.-A Times
Washington special says: Southern
and Western Democrats who have
here generally favor a plat
form for the Democratic party for
1880 having the following as prom
inent planks:
First-The retirement OF Nation
al Bank notes and the substitution
therefor of United States Treasury
notes.
Second-Full reconciliation and
free coinage of the silver dollar.
Third-Payment of bonds in
strict accordance with with the let
ter ofthe law under which they
were authorized to be issued.
1t is believed by soft and silver
money ment that these propositions
will secure the united support of
all who are opposed to the con-
tinued ascendancy of the Republi-
can party. There is but one senti-
ment among the Democrats who
have-arrived here liz reference to
fiat or irredeemable currency, and
that is one of unqualified oppo-
yition to this feature in the plat
form of the National party. The
silver men assert that they are for
{ double standard, but if single
standard is insisted upon, that
Itandard must be the silver dollar.
t is the opinion of the silver men
hat silver and United States
treasury notes will furnish better
urrency for the people than gold,
amer and National Rank pofes