Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-11-09
WASHINGTON NOTES.
DISTRICT OF COLUMBIA FUNDING SCHEME

DISTRICT OF COLUMBIA FUNDING SCHEME
WASHINGTON, Nov. S.-The commissioners of
the District OF Columbia, in their forthcoming
report, will propose new plan for funding all
outstanding Indebtedness of the district 1t
contemplates e loan by the United States of
fifty year per cent. bonds for this purpose.
The securities taken in exchange are to be held
as collateral by the United States until the pro-
posed special issue to the district should have
been redeemed and cancelled. The total debt
proposed to be funded in United States
per cent. bonds is S21, 6S3, 65o,
including $l3,743,lE0 of 3-65 bonds, which
is the total amount of them outstanding. The
| commissioners are confident that by funding
the debt as proposed there will be saving of
principal to be paid at maturity amounting to
81, ,o72, and in the payment of interest a
saving of $l76,947. This saving of interest in
vested yearly in per cent. bonds at par would
pay off the entire debt in forty-four years.
APPROPRIATIONS COMMITTEE.
! 1t is expected there will be full attendance
of the members of the House committee on
| appropriations at their meeting the Goth inst
| They will hold continuous sessions until the
| reassenbling of Congress. The clerk of the
committee has already procured date and esti-
mates of appropriations which will enable the
committee to prepare by that time, the FORTH
! cation the pension, the Indian and the mill
4
casion any considerable controversy in the COM
| mlttee.
| NEW PATENT RULE.
Gen. Payne, the new commissioner of pat
ents, to-day issued an order with the approval
of the secretiay of the interior, changing Of
fee regulations 30 as to provide that the fee of
| $50 required by law to be paid for registration
| OF trademarks, shall hereafter be PAYABLE in
! two installments, the first of $40 on fling the
| petition, and the remainder when registration
| is granted. Heretofore the full amount has
been required upon reception of the applica-
ton the petitioner taking the risk of losing the
whole fee in case of unfavorable action. The
changed rule will conform to the most liberal
! practice in regard to patents.
THE CABINET.
| WASHINGTON, Nov. S.--The cabinet held an
unusually long session to-day, during which
there was considerable interchange of views
concerning the scope and character of the re-
concentrations to be made in the various an
nual reports of heads of departments and in
| tho Presidents message. Secretary McCrary
submitted reports showing peace and quiet pre-
] vail on the Rio Grande, with q fair prospect of
continuance. This information was the sub.
| ject of much qualification to- the President and
/ cabinet.
| -.7AEEsE EDUCATOR DEAD.
| The bn' an OF education to-day received
news O. the death OF ono OF the
most distinguished Japanese educators, Yohin-
ari Halakeyama, president of the Toxic uni
yersity and vice president of the educational
| delegation sent to this country in 1876 to
| study, with the assistance of the American
/ bureau of education, our school system, and to
| publish an English translation Of the history
t of education in .Tapcn