Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-02-07

Council Bluffs. After some cOnsidera
ton it was agreed to refer the matter t.
a subcommittee consisting of Schleich
er, Mckenzie and Mitchell.
SUBSCRIPTIONS TO THE FOUR PER CENTS
Arrangements have been made By
the secretary of the treasury to receive
in payment of subscriptions to the foul
per cent. loan, coin or currency check:
drawn on banks or bankers in New
York. The currency checks will be
converted into coin at current rates
without expense to the owners, and the
excess over the amount due on subscrip
ton will be returned to subscribers
Similar arrangements for collecting
drafts will be made, if found necessary
IN other cities having sub-treasury
Offices
THE VALUE OF MONEY.
Advices from Washington of Jan
3Oth state that the Senate Finance Com
mittee to-day authorized Senator Allison
to offer, with its sanction, as an amend.
ment to the silver bill, his provision fol
an international money conference to
fix the common ratio value of gold and
silver. The determination of this ratio
is not, however, a condition precedent
to the provisions of the bill. On the
contrary, the bill if enacted is to 60
into effect Immediately, and the con-
ference, if agreed to, will be held sub
sequently.
THE TWENTY CENT PIECES.
The House Committee en- Banking
and Currency agreed to Recommend
the passage of a bill disseminating the
coinage of twenty cent pieces.
THE sECoR CLAIM.
The House Naval Affairs Committee
decided to report adversely upon the
claims of Secor & Co., Nathaniel Nc
Kay, and Perine, Secor & Co. for extra
compensation for building certain
steam rams, etc.
STEALING GOVERNMENT TIMBER.
The secretary of the interior hasere-
ceived a letter from a prominent citizen
of Utah giving an account of the de-
predatiOns of contractors for furnishing
timber of all kinds to the Union Pacific
railroad company, who states that these
are committed all along
the line, and that hundreds of thousands
of railroad ties, stores for snow-sheds,
cOrd-WoOd. logs, and timber. are taken
from government timber-lands on the
line of the Union Pacific railroad track,
ali the way from Te-siding to Ogden,
and that these depredations amount to
millions Of dollars annually. The cor
also states that the contrac-
tors have established system of pc
onage similar to that in Mexico, in
which scores of honest, hard-working,
sober and faithful men are being op-
pressed, in violation of every right be-
longing to freemen in the United States.
COMBINATIONS.
The senate confirmed the following
g. Boldey, receiver of
public moneys at New Orleans; James
I. Ray, receiver of public moneys at
Monroe, La; j. L, Mahan, of Indiana,
agent for the Indians of La Pointe
agency, Wis. Postmasters-Robert
Cowden, Cation, Ohio; A. G. Silsby,
Idaho City, l. T.; J. w. Ford, Fort Lar
annie, Wy. T.; Mrs. Myra Backstock,
Col.
SHERMAN ON SILVER.
A Washington dispatch dated Jan.
29th, states that Secretary Sherman in
an interview says that he recognizes the
fact that the silver bill will become a
law. He believes there is clear two
thirds for it in each branch of congress.
he saw no reason for q belief or hope
that it could be defeated. He thought
an amendment might be put in, but
that not much difference could be made.
He thought that the people in New
York did not fully understand the
strength of the silver bill move
ment in congress. Up to to-day the
of New York papers
have insisted that the bill could not
command a two-thirds vote. He was
not, therefore, surprised at the course of
THE GOLD MARKET.
Besides, the reconciliation of silver
will not affect gold or greenbacks at
0nce All the silver that can be coined
'or several months would be used for
,he payment of duties, and the people
n general will not see much of it until
sometime after the passage of the bill.
He said that as the supply OF silver in
creased gold would entirely disappear,
md then greenbacks will gradually de-.
oreciate. Mr.. Sherman was of the
opinion that the silver people will be
greatly disappointed with the imme-
late effects of the reconciliation of
silver, and that the greenback men,
Who are at the bottom of the silver
will be the only ones
strengthened He believes that the
iale of bonds of
THE POPULAR LOAN
will continue. Two millions have al
'eady been sold. The banks are taking
hem up. The state of Kansas has
bought 100000 worth of these bonds to
De delivered this week. 1t is estimated
hat it will take a month yet before the
silver bill will become a law.
EWING Debating TERMS.
Gen. Ewing indicated IL the house
o-day that the amendment to the Bland
oill would be accepted. This amend
nent provides that the government
hall have
THE PROFITS OF THE COINAGE.
md with this provision the bill is now
certain to become a law. At the treas
Try department they say that the ca
1acity of the mints is only $40,0O0,000.
They propose at the treas
lry's Office, If the silver
oill passes, to send up to the capitol a
'ew dray loads of silver to be used in
he payment of members. By an anal
ysis of the vote taken in the house to-
lay, it will be found that there were
welve members from the south and
vest who voted against Matthews reso-
ution. These men were Cole, of Mis-
;n11ri Dayis of California Stewart of