Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1878-05-01

The bill authorizes the Secretary
of the Interior to ascertain the amount |
of public lands entered by the location
of military land-warrants in Ohio, |
Indiana, Illinois Missouri, Michi- |
gan, Wisconsin, Minnesota, Iowa, Ne
Draska, Kansas, Arkansas, Louisiana,
Alabama, Mississippi, Florida, Oregon,
Nevada, and Colorado, where the enab-
ling acts of admission into the Union
contains stipulation for the payment
of per cent. on, sales of prhl;c lands.
The bill further provides that these
states shall receive certificates of in
debtedness from the secretary of the
treasury, payable in twenty years, with
interest at 3.65 per cent. sY7gTE 4
! THE PACIFIC RAILROAD FUNDING BILL. =
The house judiciary committee to-day
decided, by majority of one, to move
the reference Of the Thurman Pacific |
Railroad funding bill to that committee
when the measure is taken from the
speakers table for action. An attempt
will be made, however to pass the bill
without reference.
THE BANKRUPT LAW
An associated press dispatch of the
Oath, from Washington says the house
Judiciary committee to-day reconsider
ed its former action instructing Repre-
sentative Mcmahon, one of its mem
bers, to move, when the senate bill re-
pealing the bankrupt law shall be
reached on the speakers table, that
it be put on its passage, and
by a two-thirds vote, instructed him to
report substitute for the bill repeating
the involuntary proceedings immedi-
ately and repeating the voluntary pro-
ceedings after January l, 1879. There
is quite change in the sentiment re-
garding the bill and the result in the
house is considered uncertain as to an
imm ediate repeal of the law
THE NEW ORLEANS MINT.
Advices from Washington of the 23rd
inst. state that the house committee on
coinage has agreed to report favorably
to the house the senate bill to re-estab-
fish the New Orleans mint.
JOHN SHERMAN ON FINANCE
Secretary Sherman says the bonds re-
Gently sold by him to the New York
syndicate are 43-per-cents for fifteen
years, and they were not sold at par.
but at Il per cent. and accruing inter
est premium in gold coin. or an equiv
alent of 1929 in currency, which was the
market rate for that day, and about the
equivalent of par for 4-per- cent. bonds
The truth is that since the contract was
made we are selling 4 per cent bonds very
rapidly, having sold $1,S71, 100 in ten
days, or at the rate of over So, COCOON a
month, and this is one of the beneficial
effects of the contract, the result of
confidence inspired by it.
INDIAN APPROPRIATION BILL.
The house committee on appropria-
tons to-day completed the Indian ap-
preparation BILL The total amount of
its items is about 100000, being
some $4,000 less than the total of the
bill last year. The present bill is
framed upon the same general basis,
and contains no new legislation of i'm
portance.
The following allotments have been
made of the chief justice and associate
justices Of the supreme court: LIST cir
cult, Nathan Clifford, associate Justice:
End circuit, Ward Hunt, associate jus
tice; Sd circuit VIM. Strong, associate
justice; 4th circuit, Morrison r. Waite,
chief justice; 9Th circuit, Joseph P.
Bradley, associate justice; 9th circuit,
Noah III. Swayne, associate justice;
9TH circuit, John M. Harlan, associate
justice; 9Th circuit, Samuel F. Miller,
associate justice: 9th circuit, Stephen
]. Field, associate Justice.
LABOR AND ITS WAGES.
Washington advices of the 22d inst.
state that the Secretary of State has
invited the Consular service to report
on the following subjects: First, price
of labor among laborers of all classes ;
secord, cost of living of laboring class
es; third, comparison of the present
cost Of living and rates Of wages with
that for the last ten years; foruth, the
cost Of produce and its market price;
fifth, the amount of paper money in
circulation, and its relative value to
gold and silver, together with It's
fluctuations during as many years as
can be accurately obtained, and the
CduoCo UiliCu nave pTOUuCoQ uuCCua-
ton. The labor and greenback move
ment in the west, or what is known as
the National party, is agitating ques-
tons largely involved in these inquiries,
and the Michigan representative have
shown wisdom In suggesting them to
the department of state, SO that in the
coming campaign the facts may be
placed accurately and intelligently be-
fore the people.
THE SILVER DOLLARS.
Since the passage Of the silver bill
there has been but little demand for
the silver dollar, because Secretary
Sherman will not exchange them for
anything but gold. There have been
coined of the new dollar So, 45O, 5SS, and
OF these there has been issued only
S423,319.
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