The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-27


efforts Of Mr. Blame for whom he has highest re-
gard.
GENERAL WASHINGTON DISPATCHES.
wAsHIxcToS. April 20. 1873
THE RESUMPTION ouEsTIoN-NRw YORK BANK
RENcY coMMIrrEx.
Mr. George s. Coo, president OF tho American Ex-
change Bank, New YORK. was boiore the House CON-
mttee on Banking anu Currency to-day Tor several
hours. In answer to questions by the Chairman (Mr.
Bucknor. Of AissourD he stated that at the
Time OF the passage OF the Resumption act
In 1875 Il hts opinion aud shat
Of tho .bask,ng community generally that that law
contemplased tho retirement aud cancellation Of Ill
tho legal tender notes that should be the
Treasury. There was idea a. that. Tho SEQ
Rotary VI the Treasury had the authority las
no now claims) 10 70 rsissuina them up
TO the limit Of $500 0O0, 000 He did not
regard that construction Of The law however,
NJ hindrancs 10 resumption, because tho
laws Of trade and commerce would keep In circuIa-
ton only the amount OF paper currency that should
DO adapted to the wants OF the country and which no
put NJ $500 VOC, 000 HI intmatsd that the commit
tse seemed to overlook one very imporsans element
IN the question OF resumption. and that not tho
amount Of gold that would DO actually In the country
on resumption day. but The great resources Of
che country by which gold could be procured. Ia
reply 10 question by n. Phillips, Of Ksnsas, ~
10 whether no would not consider . great calamity
for tho government TO undertake resumption and TO
tail In tho attempt he said that the contrary, Il
would DO better that an attempt should DO made and
should TAIL than that t should be a. ALI be-
cause 20 tho former the pubic mind would be
- n
latier everything would be In doubt aud uncer-
taiuty and capital would DO Withdrawn from enter.
prisea
MI Happen, President Of tho Galatin National Bank
and Joseph seligmsn expressed their concurrence
the vsws ably stated ~ Mr. Coo, but NJ. ssigman
expressed HIS opinion differing therein from Mr.. Cos,
that $3.50. oo0 900 not ZOO large amount Of pa
por currency for this country and that not $50 600
OF grsenbacxs would DO presented Tor redemption.
youR AND HALF PER CENT BONDS ASKED
FOR NJ TIE SYNDICATE.
the associates Of tho syndicate have madc formsl
request the IS 600 900 or -four and half psr cont
bonds. which, under tho contract they authorized
TO In tho month Of May. and the bonds will DO
issued rapidly as practicable. making $4,000 oO0
THE INDIAN TERRITORY QUESTION or TER
nITonIAL GOVERNMENT BEFORE THE SENATE
COMMITTEE.
The Ssnsts Cemmittss on Territories to-day 70.
sumsd It's investigation Of Indian Territory matters
U. Doll, editor Of the Tors Smith New Era,
testided that for ni,esn years he has
vocaisd the establishment OF . territorial
government for the indian Territory. Hs SAID
he prepared the memorials purportng to bs express
sions Of spiuisn OF the eoiored men living In the
Choctaw and ChickssAw country In favor Of the terri
toriai project Of their alleged
bad treatment BY the Indians. On REORGANIZATION
no admitted that the coorsd people had not insm.
selves asked Tor the preparation or presentation OF
these memorials
Nation, testified that tho other delegates
paid out Of the general fund and that the school fund
10 used only for school purposes. Tho coored people
had their share OF the school fund. One Of the su-
promo Court judges appointed by tine Creek Council
coIored man, and she best OF feeling sxsis between
the Indians aud negroes.
Judge stoedham, Crock, testified that his people
are ubanimously opposed to u territorial form OF
government or 70 any division OF thor lands In
severaity
THE TRANSFER or THE INDIAN BUREAU-oEN-
ERAL GIBBoN IN FAvoR OF THE MEASURE
General G,bbou before the House Committee
on Military Affairs to-day, and gave mis- opinion by
request ~ tho transfer OF tho Indian
Bureau from the interior to tho War Department
Ito was IN favor OF such transfer on
the ground Of economy aud because n would
better protect tho indians and make them bio
60 authority. He also In favor OF . return to tho
old rule OF making every commander Of . post er-
o0cio m Indian agent He said an erroneous imprcs
prevailed that army officers sought to make war
with Indians. so far from this there glory but
a great deal OF danger and nard work In war. Army
officers preferred peace 10 war Ia any form.
MAIL SERVICE BETWEEN THE UNITED STATES
AND DIAzrL-DlLL AGREED UroN ny THE
SENATE POST OFFICE COMMITTEE.
Tho senate Committee Post Offices and Post
Roads tins afternoon decided to recommend tho
passage Of bill to aid tho establishment VI semi.
monthly mail service between tho UNITED states aud
Brazil by means OF two nnes Of steamships
alternately departing from New York and Now
Orleans The bll directs tho Postmaster General TO
advertise the proposals to perform this service under
two separate conlrac Tor term Of ten years. In iron
steamships OF not ioss than 900 tons burden
American built and owned, aud capable oi
speed Of thirteen knots per hour Tue maximun CON-
pensaticn 10 hmiied by tho bill 10 $50 per mile
per annum, ana the distance IL to be considered
nor greater than 5000 miles. No BIDS will there
lore DO received which call iof compensation exceed
Ing $4,000 per annum Tor either line TINS bill Is
Substantially the measure heretofore adopted by tue
Postal COMMITTEES OF the House Of representatives.
HALLWAY NAIL sEavicE.
The senate Post once Committee to-day agreed to
the main features OF bill regulating compensation
Tor railway mail service the composite bass Of car
space iurni.ssd. weight Of mails carried ana average
speed Of trains between termInaI points. The section
providing Tor arbitration Of dnsrooces between rail.
ways and the government was discussed, but MOI
agreed upon. Tho bill wiI PROBABLY DO competed At
the next meeting.
THE RtvrsIoS or THE PATENT LAWS.
The House COMMITTEES on Patents to-day concluded
the consideration oi the bill providing Tor general
revision OF the existlnr Patent laws and agreed
report tbs bill with amendments 10 tho House with
q favorable rccomm endaiiou.