The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-06-21
Washington.
T HE FoUn-pEH-CENT. FUNDED LOAN.

WASHINGTON, June 20.-Sccretary Sher-
man, in calling attention to the fourier
cent. funded loan. says: "The favorable
state OF the money-market Induces me to
press upon the people this loan, by which
they can obtain, direct from the Govern
ment, a national bond OF the highest credit
and sanction. exempt from taxes, and pay
able, principal and interest. in coin. Ev-
cry citizen OF the United States is interested
in the success OF this loan, as every sale OF
these bonds enables the Government to
save one third OF the interest on an equal
amount OF the outstanding debt to be re-
deemed. These bonds should be the store
house for the savings OF the people. No
facility Or advantage will be given 10 large
subscribers. 1t is to the interest or the
public that the bonds be distributed in small
sums among the largest number OF our TEL
low ctiZena."
MISCELLANEOUS.
lion. John G. Brown, one Of the five COM
missioncrs sent to Louisiana In the spring OF
1877, bas sent to the Secretary Of the Trea-
suIy 1927 to pay his share OF expenses OF
that committee. He says he was, and still
is, under the impression that the mem 0crs
OF the commission were legally entitled to
have their expenses paid, but as the legality
OF the disbursement is questioned lie desires
to pay his share. His draft was rcturacd,
Secretary Sherman saying That the PresI-
dent was still OF the opinion that Congress
will provide for this expenditure. Mr..
Sherman says that he has the assurances that
the money would have been appropriated,
but that the amendment was proposeu 30
late IN the session as to endanger one of the
appropriation bills. III the appropriation
is not made at the next session the President
intends to defray the expenses OF this COM
mission from his own means.
| The Treasury to-day issued call for the
redemption OF five millions of the 5-20's in
the proportion OF two and half millions
| each OF coupon and registered bonds.
Before The adjournment Of the House Mr..
Tucker, OF Virginia, declined TO serve on
| the Committee on Labor and Education,
and Mr.. Jones, Of Alabama, was appointed
on that committee.
In the sundry civil-appropriation bill
there was 4 section providing for the con-
tinuance OF the Hot Springs commission.
Discovery was made to-day that this section
was almost entirely omitted in the enroll
| ment Of the bill for the presidential sigma
| ture. The only portion OF this section en-
rolled was the last half OF its last sentence,
| which was attached to the section concern
ing an entirely different subject. Its omis-
sion wholly defeats the object of the Sec
ton, and the operations OF the Hot Springs
commission will have to be suspended until
Congress can again act upon the subject.
Meanwhile the present occupants OF the
reservations will remain undistnrbcd in
their possession. Very large pecuniary in
tercsts are involved.
The Potter committee was not in session
to-day, and probably will not meet again
until next Saturday.
The superintendent OF the Life-Sarin9
Service will take immediate measures to ill.,
crease the stations along the North Carolina
coast, with the view OF having them in
| roa,1ineSs next winter