Daily Los Angeles herald., 1878-01-12
Arrested for Felony.
Latest Eastern News.


| SRhSSh
Always Opposed the Texas Pacific.
EVANSVILLE, Ind, Jan. 1lth.-
Hon. John Young Brown. in an in .
tervlew to day, said the charges of
Montgomery Blair, contained in
the memorial offered by him in the
Maryland Legislature, that he,
Brown, was an advocate of the
Texas Pacific Railroad bill and that
considerations touching the future
success of that scheme Influenced
his action during the Electoral
Count, is utterly untrue. He says
it is well known that he, Brown,
has always opposed this railroad
scheme tn all Of its forms.
Cheyenue Wants so be n Terminus.
OMAHA, Jan. 11.-A Committee
of five prominent business men of
Cheyenne arrived in this city last
night and to-day held a consulta-
tion with General Superintendent
Clark about securing the starting
point of the Black Hills Railroad
at CHEYENNE and other important
railroad matters. AS Mr.. Clark
did not have authority to act in the
matter of the Black Hills road,
three of the Committee left on the
afternoon train for New York to
interview President Dillon and Jay
Gould.
Risiux Rivers nt Richmond.
RICHMOND, Va, Jan. 11th.-The
heavy rains Of the past two days
have caused another rise in the
rivers. The bridge over the Staun-
ton river, on the Richmond and
Danville Railroad, just replaced,
has been been again swept away
for the third time inside of two
months. The iron bridge over the
Same river, on the Virginia Mid
land road, between Lynchburg and
Danville, was washed away. This
bridge was destroyed during the
great flood in November and was
but recently replaced.
The Roanoke river at Weldon,
n. c., is very high and the water
rising six to eight inches per hour.
The railroad bridges at that point
| are threatened.
The stock Exchange Disturbed.
NEW YORK, Jan. 11th.-On the
Stock Exchange this afternoon the
market was somewhat feverish and
unsettled on the news of the sus-
pensio on of John F. Henry, Curran
& Co. and the alleged defalcation
of Henry Cslton, a broker. Ru-
mors are afloat in regard to the va
| rious firms which could not be
traced to an authentic source. In
cluded in this class was the rumor,
subsequently, found untrue, and
| evidently started for speculative
purposes, that Jay Gould had with
drawn hisspecial capital from VIM.
fact that financial mishaps appear
to disturb the current OF specula-
tion, the market seems we'll main
tanned with the usual predictions Of
higher prices in the near future,
which the bulls are basing upon
increased railroad earnings in pros
peotive.
Bill Crsssing savinxs Certihcatss.
WASHINGTON, Jan. 1lth.-A bill
has been introduced in the House
by Price, of Iowa, to promote the
deposit of savings and refunding
the National debt. 1t authorizes
the Secretary of the Treasury to
issue certificates of deposit of the
U. s. of the denominations of ten,
| twenty, fifty and one hundred dollars
each, which certificates shall bear
interest at the rate of 4 65-100 per
cent. per anhum. The certificate
thus issued shall be deposited in
such amounts as the Secretary of
the Treasury may direct with
any designated depository Of the
United States, or with any Post
master of any money order office
Of the United States, on the c0ldi-
tion that all such certificates so
deposited shall be paid for by such
designated depository or Postmas-
ter within ninety days from the
time Of making such deposit, in
coin or its equivalent, or the re.
turn of such certificates or any
part thereof to the Secretary OF the
Treasury; and that certificates is
sued as aforesaid shall be redee med
only in United States four per
ceut. bonds, and the holder thereof
shall be authorized to receive from
the Secretary of the Treasury Unit
ed States bonds bearing interest at
four per cent. per aunum when
presented at the United States
Treasury or any designated depos-
itory in sums of ten dollars or any
multiple thereof, said bonds being
payable, principal and interest, in
coin Of the standard of July 4th,
1870. The bill further provides
that all National Banks organized
and doing business under the ma
tional banking laws of the United
States are required to receive at
certificates in payment of any debt
due said banks; provided, however,
that no interest be allowed unless
the same shall amount to fifty
cents or upwards. It further au-
thorizes any national bank doing
business under the United States
banking law to hold at its option
two-third Of the reserve now re-
quired by law to be held in the GER
tificates hereinbefore referred to.
The Amended Steamboat BiiI.
WASHINGTON, Jan. 11th.-The
House Committee on Commerce to-
day authorized their Chairman to
report back the so-called steam.
boat bill, with o recon- mendation
for the passage of the bill as agreed
upon by the committee. The bill
Is amended In accordance with the
views OF the National Board of
Steam Navigation.
Repors OF sab.Commi q ees-3sprs
WASHINGTON, Jan. 1.-THE full
House Committee on Appropria-