Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1878-03-06

TREASURY STATEMENT.
The following is the treasury state
ment:
Old demand notes -..... IS 624 O2O
Legal tenders, all issues i. ........ 438, 618 IA
One year notes of So ........... 532 452
! Two year notes of 90. ....... ..... Is 900
Two year coupon notes OF G3 . % $50
| Compound interest notes ...... 2S3 72o
Fractional currency, all issues ~ H. 1870, sos
Iotal.... ........-......... 1896, PAT, 939
| The treasurer destroyed yesterday 1892 400 in
greenbachs on account of $616 500 additional
bank currency issued during the present month
leaving the outstanding legal tender circulation
s34S, + s, O24
THE BANKING AND CURRENCY COMMITTEE
has decided to recommend the inser
ton of an additional provision in the
bill for the substitution of treasury
notes for national bank notes. The
new feature provides that treasury
notes shall be receivable for one-third
of any one payment of custom duties:
the remaining two-thirds to be paid in
gold Or new silver dollars. These treas
ury notes are also to be made inter-
changeable with 4 per cent. bonds at
par.
CUSTOM NOMINATION.
Washington dispatches under date
president has nominated Alan
son w. Bard collector of customs for
Boston and Charlestown.
INTERSTATE COMMERCE.
The house committee on commerce
to-day agreed to report favorably upon
the bill introduced by representative
Watson to regulate interstate com
merce, and to prohibit unjust discrimi-
nations by common carriers.
OBITUARY.
r. w. Taylor, the first comptroller of
the treasury, was strik en- with paralysis
this morning, while sitting at his desk,
and died at home two hours afterward.
Mr.. Taylor was appointed by President
Lincoln during the administration of
Secretary Chase ......
...... ANOTHER CURRENCY BILL
Advices from Washington of Feb.
Goth states that the bill introduced by
Mr.. Shelly. authorizing the issue of
United States notes. and providing for
the redemption of certain United States
bonds, directs the secretary of the
treasury to issue $500, 100000 in treas
ury notes: not less than $50 100000 nor
more than 500, 100000, to be issued in
any one year, and the notes to be re-
ce.vable IN paym ent of all debts, public
and private, Of the United States. ex-
cept customs duties, and United States
bonds ard notes payable in coin. The
bill authorizes the secretary to purchase
coin with said notes, and with this coin
redeem outstanding o. S. bonds. When
the premium on coin exceeds the mar
ket value of the government bonds in
treasury notes, then the Secretary shall
be authorized to purchase bonds with
said notes and cancel the same, pro-
vided not less than $4,000, 900 of said
bonds shall be redeemed in any one
year. The Secretary Of the Treasury
shall use the gold now on hand in the
Treasury for the purpose Of redeeming
outstanding government bonds, pro
vided that, in redeeming bonds under
this act, preference shall be given to
bonds having the largest rate of interest
and having the shortest time to run.
THE SUGAR SCHEDULE IN THE NEW TARIFF
The committee on ways and means
were to have considered the sugar
schedule in the tariff bill to-day, but it
was postponed on account of the alb
sence of Mr.. Gibson, of Louisiana, who
prepared this portion of the bill It
will be takan up tomorrow, however,
and Mr.. Wood will consent to some ina
portant changes in the bill as originally
prepared regarding sugar,
HONORARY MEMBERS.
The president appointed J. Sterling
Morton and Charles H. Dewey, of Ne
braska, honorary commissioners to the
Paris exposition.