Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1878-05-08

$50, No. sc, DOL to $4,000, both lnclu-
sive; 800, No. S5.OO1 to 10000,
both inclusive; $500, No. 6O,OO1 to 63,-
GEO. both Inclusive; 81, 900, No. 1OS,O01
to Ia, 400, both inclusive Total cou-
pons, three million dollars. Registered
bonds redeemable at the. pleasure Of
the United States after the first day Of
July, 1870, as follows: $50, No. 1856
to 900, both inclusive; 500, No, IL
101 to Is, 200, both inclusive; $500, No.
S.7O1 to 5000, both inclusive; $1,000.
No. 2S,751 to 3O,100, both inclusive;
$4,000. No. 1851 to 15,5O7, both in
elusive Total registered bonds, two
million dollars. Aggregate, five mil
lion. The principal and interest will
be paid at the treasury on and after
the 3Oth Of, July next, and interest viii
cease on that day & -
THE SINKING FUND REPEAL BILL.
The house com mittee on ways and
means, by a vote of against 3, decid-
ed to report to the house the following
joint resolution: yiiai o.,
WHEREAS on the first day of April,
1878, there had been paid into the sink
ing fund as provided for under section
1904 of the revised statutes, the sum Of
$241 ,4S9. 1854 in excess of the require
ments of said law, which sum is equiv
alent to the amount required by law,
and, ~ ~ g. 70 "a
WHEREAS, it is as Unnecessary for the
maintenance of public credit as it is
unjust to the people to continue the i'm
position of taxes for this object at q
time of great depression like the pres
Resolsd, That the J secretary of
the treasury is hereby authorized
and directed to suspend the purchase of
y. S.sbonds fol-. a sinking fund as pro-
vided by section 1904 of the revised
statutes, until the close of the fiscal
year ending June 80, 1885, unless other
wise ordered.
ssF HT q NOMINATIONS.
The president sent the following NOM
nations to the senate to-day: Norman
Buck, to be U. S. attorney, and E. S.
Chase, ofWisconsin, to be U. S. marshal
of Idaho territory.
AMERICAN WAR SHIPS.
Advices from Washington by associ-
ated press dispatches of April 3Oth says
the state department has received
no official , information of the
preliminary arrangement for fitting out
cruisers by the Russian government in
San Francisco and elsewhere against
England in anticipation of war. The
United States and Great Britain by the
treaty. Of Washington, are obliged to
use due diligence to prevent the fitting
out, arming or aeqt'ipping ofany vessel
which it has reasonable ground to be-
lieve is intended to carry war against
powers with which hsisat peace. But
until war shall exist between any two
nations. there can be no breach of neu-
traity in permitting either Russia or
Great Britain trop fitting out vessels in
this country for any purpose.
THE FIFTY MILLION A PER CENT. SALE.
Repgesentatixe Philli ps bill introduced
today sets aside the recent sale of a
per- cent bonds TO the syndicate; de-
ciares the sales made with the associa-
ton, to the exclusion of all other citi-
zens, to be. contrary to public policy,
and also declares against sales for coin
certificates instead of coin. The pur-
pose of the bill is to bring the matter
regularly, before the banking commit
tee, SO as to report it back in order to
set aside the sale, and leave the sale of
bonds for coin done, SO that bonds can
be sold to others without the consent Of
s ebtsafsUerioy or.rArsH aosn sa:. a 81, i
+ The secretary of the treasury has di-
rected the destruction of ], 167.696 legal
tender notes.. eighty per cent. of the
am oumts Of f additional Currency during
! til eanoaah and hIe sam eanierint will be
dis ~ ip silver sdollags fer currency
! So sfsTHE INCOME TAX BILL BIZ :.
: 1t is. the sopinion of the 10 embers. Of
the committee of ways and means that
Hh6 biIFto inpose u tax sen2incomes. of
over $4,000 cannot pass the housed siB.
THE AMOUNT OF LEGAL TENDERS.
The comptroller of currency reports
thezameuat@zafr additionakncirculation
issted during, the month, of April as
$7,459, 62o, upon which 80 per cent of le.
gal tender notes will be retired by the
secretary s. of the treasury, leaving, the
amount of legal tender notes outstand-
ing s$346, 681, Q12. s5 Total amount of adj
ditional circulation issued since the pas
sage of the act, SANITARY Il, 1875, to
date, $44, 188,730. Amount of national
bank circulation, outstanding to date,
1921 ,646,459.' Amount of legal tender
notes, ondepositswithr the treasurer, for
the purpose of retiring circulation, S12.!
295, 1887. . DIGS F o % 81 c..e5ol
50 THE TEXAS PACIFIC. iIJlhdsI
Washington advices under dateaof
ofsApril 29th, states that the friends Of
the Texas Pacific railway report the
prospect Of the passage Of the Texas
Pacific bill CONTINUALLY improving.
They report that they can now safely
count. upon 2 majority in favor Of, the
bill " hen asvote scanbe reached 4 ~
A SUNDAY NIGHT CABINET SESSION. %
The president returned to Washing
ION Sunday morning from his visit to
Pennsylvania ana On Sunday evening
the mem bers Of the cabinet in Wash
ington were at the executive mansion
in consultation with the president for a
long time. The nature Of the business
Is eu1lkIlOWu. z8k -