Northern tribune. [volume] (Cheboygan, Mich.) 1875-1885, 1878-12-07

The Afghanistan squabble grows in
teresting. Russia has marked out the
line of English occupation, and will ask
guarantees. This will lead to negOtia
tons, and the able guessers at European
capitals will do thriving business.
IT is the belief of experts that the i'm
mediate demand on the Treasury for
gold after the LIST of January will take
out about S5O.OOO,OOO, but as no one will
care to hoard gold, and as it is rot con-
venient article to store, it is probable
the greater part will find its way back
into the SUBJ Treasury at New York.
JOHN NJ. MUELLER, contractor for fur
nishing the stone for the Chicago Gus
tom House, was arrested at Cincinnati.
charged with unlawfully and feloniously
conspirins with others TO defraud the
government. Mueller was at first
charged with defaulting the government
oat of the sum of 100000, but the
amount was afterward reduced to $780,
600. Mueller was held in $1,000 bail to
appear In Chicago Dec. 16.
THE British troops on the Kyber route.
in Afghanistan, are carrying all before
them. The prestige OF this rapid advance
is power in self. In 1871 the British
troops made Jellalabad memorable by
the heroic fight against overwhelming
numbers. Just beyond is the Kurd Ca
bull Pass, the scene of the terrible mas
sacre of Flphinstone's army. Jellalabad
is a town of about 5000 inhabitants, and
is seyenty-siX miles from Cabul.
THE Hon. c. II. GORHAM, from Michl
gan, was .interviewd by the New. York
Tribune, in New York, last week, and
gave it as his opinion that the National
party i'm this state will soon disappear.
He also said that the majority of Michi-
gan Republicans at present favor Gen.
Grant for President in 1880, though
Blaine is great favorite; and that Mr..
Chandler will probably succeed Chris
tiancy in the Senate, as the Republican,
ism of Michigan is of the most stalwart
kind.
UP to the day Congress met the whole
number OF new silver legal tender dol
lars coined was twenty millions, OF which
only little over five millions, were in
general circulation, as they keep coming
back to the Treasury through the GUS
toms as fast as they are put into circula-
ton. An official report from the Collect
or of Customs at Boston says that he has
tie same difficulty there which is eXpe-
rienced in New York, namely: that
banks and importing merchants seem to
scrape up every silver dollar set afloat in
New England, and shove it into the Gus
tom House to pay duties.
THE great political battle in the pres
ent session of Congress is expected to BE-
fought over the item in the report OF the
Attorney GeneraI asking an approprla-
ton of $250,OOO increase of expenditure
tor. the endorsements of the acts to pro.
tect the rights of citizens to vote i'll the
several states of the Union; and over the
item in the report of the Commissioner
OF Internal Revenue asking for an ap-
preparation of $125,000 increase of ex-
penditure to enable him to put down and |
punish the "mOOnshiners" OF the South. |
The struggle over these items will bring |
up the entire Southern question for con-
sideration. 1t is reported that the De
mocratc policy in the House will be TO |
limit debate as much as possible; but de-
bate over an approximation bill and |
amendments thereto cannot possibly be |
entirely prevented. In the Senate OF
course debate will be free.
SECRETARY SHERMAN feels very proud |
of the success of the new 4 per cent. |
loan, which was put upon the market
by him last January in the face Of de-
termined Opposition of capitalists in
New York and elsewhere, who We're |
indignant at the movement made by the |
government to reduce the rates of inter
est paid in this country. In conyersa-
ton be said that although he had always |
been sanguine of the success OF the loan.
the sales of bonds for the last few days |
of November had been greater than lie
had ever dared to expect; considering |
that especially at this season of the year
money is always in active demand. The |
increase OF sales since the election had
been quite marked, and is attributed by
Treasury officials 10 the Republican vic
tories. The government credit was
meyer better than now, and the general
opinion in the Treasury, is that next
year, and thereafter, the funding OF 6
per cents. into per cent bonds will in
crease rapidly, and few years hence
the government will not pay more than
4 per cent. TO any OF its bOndholders.
The sales of per cents. fol the last ten
months, since the bonds have been regu-
larry upon the mrrket, have teen as fol-
lows: