The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-27

lsyndicate, WINS before the House Bankine
Committee to-day, when be said we cal,
float five or six hundred millions OF paper
money, convertible into coin on demand,
with $4,000, 900 Of coin. He said the syn.
dictate expected ten or twenty millions Of
coin from abroad from the sale of the bonds.
They have sent S., 200, 900 OF bonds already
abroad, and have up to date taken $4,000.
900 In bonds from Dir. Sherman, under the
contract made with him in New York the
other day. The syndicate hoped to take all
Of the s5O,OOO,O0O, but Mr.. Seligman did
not say in positive terms they would
take that amount. NJ. Coe, president OF the
American Exchange Bank of New York,
and one OF the ablest Of American bankers,
said his Interpretation OF the resumption
act when it passed was that the legal tend
ers, as soon as redeemed were to be can
ceIled and retired. His idea now is that in
the course OF commerce people will ex-
change legal tenders for coin until ultimate.
ly all the legal tenders will give place to
bank notes, which are, he said, the paper
currency of commerce. Gold, he said, is
the money OF commerce and people want IT,.
Mr.. Coe did not think with Dir. Sherman.
that the people will not want gold.
Mr.. Tappan, president of the Gallatln
Bank OF New York, concurred in what Mr..
Coe said, and Messrs. George Opdike. Peter
Cooper, and John Thompson, of New York,
will next appear before the committee.
THE POSTAL APPROPRIATION BILL.
The postal appropriation bill occupied
the attention of the House all day; and
while numerous amendments were offered
and discussed, none of any material i'm
portance were adopted. There Were signs
OF disgust when Messrs. Conger, Banks.
and other Republicans, sustained the call
for tellcrs at ten minutes to 5, as the Demo-
Gratis were anxious to get the bill through
without unnecessary parliamentary delay.
The House adjourned at half-past 5, after a
protracted and tedious session, before fin
ishing the bill.
LEE-MoNUMENT CONCERT.
Wizards Hall was filled tonight with a
brilliant audience. The following ladies
and gentlemen, who took part in it, made it
great success: Misses Goode, Tucker,
Pike, and Montgomery; Mrs. Camp, and
Messrs. Frank Potter, Sam Young, Hill,
Parker, Eberbach, Dount, and Schutter.
Messrs. Leo Wheat and Tanner were in the
audience.
BRIEF ITEMS.
William Eyarts, son of the Secretary Of
State, died here to-day Of consumption ,
aged twenty-seven. He will be buried in
Vermont.
The Naval Committee Of the House had
an inharrnonious meeting to-day.
The President will return tomorrow.
Secretary Sherman got back from Phila-
delphia to-day.
Sherman says he regards the Florida con-
fession with great contempt. OF course he
does.
There are those here who say they think
McLin is deranged.
Neither General Banks nor General But
Ter were expected at Boston, as both were
in their seats to-day.
Judge Alfred Morton is frequently men,
toned in connection with the Florida sem
sation. He was often down there as a spe-
cial mail agent, and is said to be right
hand man of Senator Conkling.
Judge Meredith is here attending to case
before the Supreme Court.
Atlhe earnest solicitation OF friends Mr..
Goode went to Boston.
ASSOCIATED Press reports by telegraph to the Dis
patch.l
WASHINGTON ITEMS.
The Board OF Engineers are considering
General Gilmore's report and the estimates
for the Improvement Of Charleston harbor,
and have adopted his recommendation Of
a system of jetties, by which it is expected
that twenty-five feet at low tide and twen-
ty-seven feet at high tide will be secured.
Senator Butler, who has been pushing this
matter, and working for a liberal appro-
priation for the work, has succeeded in en-
listing the support Of several senators who
have heretofore taken little interest in it.
The syndicate, under recent contract,
have taken an additional FIVE million Of the
AZ per cent. bonds, making fifteen million
in all so far
The notes of the Union National Bank Of
Lewisburg, Pa, were rejected to-day for
lack OF funds when presented at the Trea-
sury Department for redemption. The
bank failed to keep good its redemption
fund.
|. General Gibbon, before the House Com
mittee on Military A fairs, favored the trans
fer OF the Indian Bureau to the War De.
partment on the ground OF economy and
better protection for the Indians.
The Senate Committee on Post-Offices and
Post Roads have decided to recommend the
bill to aid the establishment OF semi.
monthly mail service between the United
States and Brazil by two lines OF steam.
ships-one from New York and the Other
from New Orleans, the cost not to exceed
S150,O00 by either line.
XLVTH CONGRESS--Second Session
WASHINGTON. April rs, 1873.
SENATE.
I The Senate was not in session to-day.
HOUSE OF REPRESENTATIVES,.
|. In the House the whole day was consumed
| in an unnteresting debate on the post-oftict
appropriation bin. which was finally passed
The Army and Navy.
| ARTILLERY PRACTICE AT FORT MONROE, &C.
FORT MONROE, April 2G.-The Secretary
OF War and General Sherman spent the day
| watching batteries engaged in target-prac
tice, in which nearly all arms were used
from the half-inch Calling to the 15-incl
1 IT, -,