The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-05-01

are to have year OF jubilee, when men will
get rid Of their debts. Gentlemen talked OF
reforming the present law. It is not an
easy matter. The judiciary Committee had
worked as hard as men ever worked trying
to do this fof two months and failed, and
he acknowledged himself incompetent to
the task OF SO amending the bankrupt law
as to rid it OF its abuses and make it be-
neficent measure. The great objection to
the law is that under it the creditor gets
nothing. In Italy, where the bankrupt sys-
tenn originated, a man who failed to pay his
debts was regarded as dishonest until he
pro we'd the contrary.
THE SENATE VOTES DOWN AMENDMENTS.
Messrs. Allison, Window, aad Howe fol-
lowed in opposition to repeal and in favor
of Alison's motion. Messrs. McCreary and
Bailey opposed reference and wanted i'm
mediate action. Mr.. Bayard, in order to
perfect the bill, favored Mr.. Thurman's
amendment. The vote resulted in the de-
feat of Thurman's amendment-ayes, 80;
noes, 81. Allson's motion was then lost
ayes, IS; noes, &c.
Mr.. Ransom, who said he was opposed to
a repeal OF the bankrupt law, here renewed
Mr.. Thurman's motion in order to gain
time. 1t was lost, however-ayes, II; noes,
81. Mr.. Ransom's original motion to refer
without instructions was lost-ayes, %;
noes, 2S-Mr. Conkling stating that he voted
"Aye" to perfect the bill. Mr. Edmnnds
moved to refer to 4 special committee,
OF which Mr. Christiancy should be chair
man. Before acting on this Mr.. Thurman
suggested that the amendment Of the
House and that OF Mr.. Christiancy should
be printed. Mr.. Thurman further said that
to- morrow the Senate could in fifteen min
utes pass 4 perfected bill, as it was indicated
Enthusiastically by the votes given that the
Senate is in favor Of repeal. With this I'M
Outstanding the Senate adjourned at Is
minutes to O'Clock.
THE SUSPENSION OF THE SINKING FUND.
The House Ways and Means Committee
to-day agreed to report the following:
Whereas on the 1st of April, 1873, there
had been paid into the sinking fund, as
provided for under section 3,G14, title 42, OF
the Revised Statutes, the sum OF S241, $780,
1854 in excess Of the requirement OF said
law, which sum is equivalent to about eight
years in advance Of the amount required by
law; and whereas it is unnecessary for the
maintenance OF the public credit, as it is
unjust to the people, to continue the impo-
sition of taxes for this object at time OF
great depression like the present; there
fore
ltesoiued By The Senate and House Of
Representatives.. That the Secretary OF the
Treasury is hereby authorized and directed
to suspend the purchase OF United States
bonds for the sinking fund, as provided by
section $780, OF tie Revised Statutes, until
the close of the fiscal year June so, 1885,
unless otherwise directed by Congress.
The Senate committee had Nj. Bcck's
resolution for the same purpose, and re-
fused to report it. Senator Beck says they
smothered it.
VIRGINIA PosTMAsTERs.
The President sent in the name OF Colo
mel James Cochran to-day rs postmaster At
CuIpeper Courthouse. General Stevenson
and Mr.. Plitchard, deputy postmaster Of
Fredericksburg, are both here looking after
the Fredericksburg post-otlice. Mr.. Pritch-
ard had pleasant interview with the Presi-
dent to-day, and I hear tonight that Post
master-Gencral Key, who was colonel in
General Stevenson's division, wants to make
General Stevenson postmaster.
BRIEF ITEMS.
Each Republican congressman is to con-
tribute $50 to the congressional campaign
fund.
Messrs. Green, OF the Sixth Auditors
office, and Bowles, Of the Treasury Depart
ment. are mentioned tonight as being con-
nccted with the Florida developments.
The President has signed the bill in aid OF
the District schools, and they so on.
Mr.. William Lovenstein was among the
visitors at the Capitol to-day.
A clerk at the Capitol says no man can
read Fernando Woods writing habtualy
and be Christian.
There was a great deal OF talk to-day
about John Jasper, and he will have big
house tomorrow night.
Hon. D. c. Dciarncttc arrived this after
noon.
The House further considered the legis-
lative, executive, and judicial appropriation
bill o-day, and will finish it tomorrow.
The negroes here held a meeting last
night, and condemned the KukluX, White.
liners, &C., whom they say are waging q
war Of determination against the negroes.
This, I suppose, is farcical chapter in the
| bloody-shirt campaign. The Florida vii.
lany cannot be wiped out with such stuff as
that.
The Star and Post each devote nearly a
column to Jasper and Jasper's lecture.
Associated Pres reports by telegraph to the Dis
| So. patch.l
PACIFIC INDICATIONS.
LONDON, April 30.-The political news
from the continent, though contradictory,
and conveying but an imperfect idea Of what
the future may be, is looked upon favorably
in the stock markets. Prices opened ut q
general Improvement. Consols and Rus.
sian securities shared the advance.
LIFE-lNsURANCE DECISION.
The Supreme Court to-day decided the
case OF the New York Life-Insurance Com
PAW, plaintiff in error, Us. John W. and
] r, A. Eggleston, administrators, in error tc
the District Court OF the United States fol
the Northern District of Mississippi; iudg
ment being affirmed, with costs and inter
est. The opinion was delivered by Justice
Bradley. The Court decided that failure
to pay premiums on life-insurance policie:
when there is no local agent 10 receive then
does not invalidate the policy.
OTHER ITEMS.
Among the nominations to-day was tina