Daily Los Angeles herald., 1878-08-08
Cait for 500 Bonus.

| WASHINGTON, August 7tli.-The
Acting Secretary of the Treasury
to-day issued call for the redemp-
ton of $5,000,000 of $50 bonds of
'65 consols. 1t is expected that an
additional call for Sl0,000,000 will
be issued In few days. The sub
scriptions to tie four per cent. loan
to-day were ST ,625. 900.
mexican Award ray snen.s.
WASHINGTON, August 7th. An
installment of the Mexican awards
Will be paid to claimants at the
State Department on sand after
September fifth.
GovernOr Of KdetO
WAsHINGToN, August 7th.-
John p. Hoyt, OF Michigan, has
been appointed Governor Of Idaho.
EsiirOad sms.n.up - -Tnrivs FER.
sons Ktiiea aad n Number seri.
DUSTY Isjnred.
PITTRBURG, August 7th.-The
fast line on the Pittsburg, Cincin-
natl and st. Louis Railroad, which
left this city at 1l:i7 last night,
met with terrible accident at
point one mile and half west of
Mingo junction. Ohio. The train
consisted of two sleepers, one hotel
car, one baggage, two postal cars
and two coaches, the latter being
occupied by emigrants. At O'Clock
A. NJ, at the place named, the fast
line, which WAS twenty minutes
behind time and running at the
rate of forty miles an hour, collided
with a freight train. The entire
train, except the hotel car and
sleepers, was thrown from the
track and fearfully wrecked. Elev.
en- or twelve persons are reported
killed and fifteen to twenty seri.
ously injured. No names have yet
been received. All the passengers
in the sleepers escaped injury.
The loss of life was confined to
those in the forward cars, occupied
by postal clerks and emigrants.
The Cincinnati postal car was
thrown over an embairllment 80
feet and completely demolished.
Post,i clerks Frank ID. Graham, A.
W. Anderson and w. d. johnson
were killed. The st. Louis car
was thrown over the embankment
on its end aud badly wrecked.
Postal clerks G. w. West, w. H.
Houston and G. &. Matthews were
injured but, it is supposed, not fa.
tally. The baggage aud emigrant
cars were thrown from the track
and badly wrecked, while in the
last coach and sleepers, which re.
mained on the track, the occupants
escaped almost unhurt.
Ghe North Carolina Leg ,siasure.
RALEIGH, August 7tb.-The new
legislature stands as follows: On
joint ballot, Democrats 81; Repub.
lcans 80; Independents 0; doubt
full4 'rhe aspirants for Senator
Merriman's place have agreed to
abids 10y the action of the caucus.
| Boston Wool Market.
BOSTON, Aug. 7.-Wool-consid.
erable inquiry continues for comb
ing and delaine fleeces. Clothing
fleeces in fair request. California
wool in fair request and steady;
sales at 20@30c for choice northern,
Spring worth 2S@30c and most in
demand.
The Banaer's AssOeiniiOa,
SARATOGA, Aug. THE Bank.
ers' Association began its annual
session to-day. Secretary Sher-
man and the Commissioner of In.
ternal Revenue sent letters regret
ting their absence. Il. G.. Hale,
Cashier of the State National Bank
of Keokuck, read a paper on SUBJ
sidiary silver coinage, holding that
Congress should proviie for the
redemption Of subsidiary coin in
legal tender coin. This would re.
lieve the banks of the fear of accu-
mulating unavailable funds and
give currency to coin, extending
its circulation to the profit and con.
venience Of the people. J. d.
Hays, of Detroit, read paper on
hard times. He said, tell US how
to invest from one dollar to
fifty millions So that it will
pay expenses and bring back five
per centand the money stands wait.
ing and anxious to step into bust.
ness. There are over $3.50, 0,000,0 900
railroad bonds AMI stocks which
pay the owners nothing. There
are $500, 100000 in iron furnaces,
manufacturing establish ments and
$500, 900, 900 in shipping hopelessly
tied up. Shall we clear forests of
lumber and convert it into money?
We make enough now annually to
load continuous train 10000
miles long. The purchasing power
of money Is about three times as
much as in the times of initiation.
More irredeemable money would
not help us out. We have no
greater proportion of poor men
than other countries. There are
numerous persons waiting for
something TO turn up, too lazy to
work, trying to get something for
nothing.
CIarh Ieaominated for Congress.
TRENTON, August 7th.-The
Democrats OF the Fourth District
have reuoninated Alvah A. Clark
for Congress.
Tne ."u,h Casoitoa Republicans.
COLUMBIA, S. c., Aug. 7th.-The
Republican State Convention met |
in secret session to-day. G. c.
Bowen was made permanent
President. After the appointment
of n Committee on Platform and
tho reference Of several resolutions
endorsing Governor Hampton, a
recess was taken till tomorrow.
south Caraiton Democratic Nom1-
nations.
IARLESToN, August 7th.-The |
Democrats of the several Congress
sional Districts of this State unani-
mously nominated their candidates
OF 1876, as follows: First District,
Richardson; Second, O'Connor;
Third Aikan. Eolrfh Evins. |