Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-03-04
Especial Telegram to The GLOBE,

WASHINGTON, March 3.-Those who are
dissatisfied with the present silver law are
beginning to form plans for future action.
The first attempt will doubtless be made on
Monday by Springer, of Illinois, who has
the floor in the House to move to suspend
the rules. He has prepared supplemental
silver bill which provides for
UNLIMITED COINAGE,
and for an issue of bullion certificates The
supporters of the measure expect vote of
two-thirds in the House and majority in
the Senate, but there is little probability that
such bill could be passed over veto. The
Democrats prefer that it should not be-
Every effort will be made, however, to have
the proposed bill pass both houses so that it
can be vetoed in order that the Democrats
may make the
SILVER QUESTION
an issue in the Presidential campaign
Unless information received by the State
department. is inaccurate, Ben Buffers wish
that the
BONDS MAY RETURN HOME
in large quantities from Europe is likely to
be gratified. News comes through the Ger
man legation that the Berlin government
has recently disposed of some sixteen million
dollars of United States bonds, which had
been purchased with the French indemnity
fund. Meanwhile the
GOLD MEN
are at a loss to know why the bonds do not
decline and why gold should not appreciate
The report is repeated that the treasury de-
partment will still continue to
PAY THE BONDS
held in Europe in gold, and persons who had
before the bill passed, claim that he e1-
pressed himself in favor of such action.
GOV. BOUTWELL,,
who was eight years secretary, is of the opin-
ion that the secretary of the treasury would
hardly venture to enter upon such course.
He thinks the only thing for the treasury
department to do is to put silver into imme-
diate use for all purposes. The President.
it seems certain.
FELT ANNOYED.
out more consideration, but his annoyance
could not have been greater than the indig-
nation of Congressman that there should
have been veto of a measure which had
more than two thirds majority in both
Houses. But the
PRESIDENTS FEELING
could not have been gravely wounded, if the
statements of his most intimate friends are
correct. Several of them say that the Presi-
dent greatly feared that the bill would not
pass over his veto, and
WAS EXCEEDINGLY GRATIFIED,
to learn that it had become law. It is by
no means certain that the bill to repeal the
RESUMPTION ACT,
which has passed the House will be favor
ably reported by the Senate finance COM
mittee. There is growing indisposition to
press action upon that bill. Several Nom
bers of the committee desire to know what
the effect of the silver law will be. Some
are confident that the act will become multi
fed if the resumption act
is repealed, as silver could not
circulate. Senator Allison is not we'll dis
posed towards the bill. Senator Ferry is
now disposed to be unfavorable to it. There
are two estimates of the strength of the
REPEAL MEASURE
in the finance committee, one that the House
bill will be reported favorably by one ma
jority, another that it will be reported I'M
favorably by the same majority.
COMPTROLLER OF THE TREASURY.
1t is reported that George S. Boutwell, will
be appointed first comptroller of the treas
ury, Vice Taylor, deceased. Among other
applicants reported are Sayles J. Bowen, ex-
mayor of Washington; Horace Austin, now
third auditor, and Jonathan Tarbell, deputy
first comptroller. 1t will be necessary that
the President shall appoint comptroller by
next Thursday.
KANSAS PACIFIC RAILROAD.
Hon. Edward Learned, of Pottsfeld, who
is here visiting Mr.. Mead, of New York, as
counsel for certain parties interested in the
Kansas Pacific railroad, asserts that the pur-
pose of the demand for an investigation by
the House committee of the construction
and management of this railroad, is to
lead to judicial proceedings which shall
compel restitution by the parties who built
the road, and SO loaded it down with indebt-
etlness as to make its bankruptcy certain
and to render equally certain the loss of the
governments interest of six million dollars
which will inevitably be extinguished it the
present foreclosure suits are not in some way
interrupted.
Treasury Comparison.
WASHINGTON March 3.-The following is q
comparative statement of the condition Of the
United States treasury March 1, 1877, and
March l, 1878:
Balances, currency-18T .......$ 9,122874
1878........ 2,69076s
Special fund for the redemption
of fractional currency-l877..
1873. 10000 oi
Special deposit of legal tenders
for redemption Of certificates
of deposit .............. 34,445, OO(
1873. .............. 28,555, 00(
Coin-1S77. ..................... 90,263,771
1884,. 131,318, Isl
Coin ertifcates-1877.. 52,146,70(
l878........... 1886, O0(
Coin, less coin certifcates-1877. 38,117, OF
1878. 82,862, ISL
Outstanding called bonds-1877.. 7,826,55l
1873. 6475,65
Other outstanding coin liabili-
) III