The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1878-03-23
From Washington.
RESUMPTION.


= Much importance is attached to an interview
on Tuesday by Gen Sherman with the senate
! finance committee on the subject OF rcsulhp'I'n'
I Sherman earnestly bcgs the comm't'ce' anu
! through them the senate, not to pass the mouse
, bill to repeal the resumption law. lie says Il
= number of circumstances have comOlhcu III "
remarkable way to make broad ana easy thc
, road to resumption, and 1t would be an ui'P"'
> donablc blunder not to profit by them "reen'
backs have appreciated to within Il lrIHe OIL
: rold the balance of trade is in our favor so
. that gold and silver are flowing INTO Inc couh'
try and the passage OF the silver bill, mucl rs
p he had dreaded its effect, happily tended great
" to swell the means for resumption. lie says
there are now in the treasury for resumption
purposes S11 900 Of com, to which may DC
added some $30,000OO0 lying there idle, ana
this sum he can easily swell to $50 100000 by
next January. If congress, Therefore, Will III
low him to sell bonds for grccnbacks, and after
the LIST of next October TO receive greenDacks
e. in payment of custom dues, he will have not
the slightest difficulty in rcdccming in coin at
the treasury every dollar in greenbacks that
may be presented This would at once place
all our currcncy-gold, silver and greenbackS
at par with each other, would settle the
1 whole currency question, restore confidence,
make times easy, &c. whereas II the rcSump-
ton bill is repealed greenbaCks must godown
again or gold go up, and we should again have
the long, drcary road to 90 over in working up
I to resumption that has been gone over during
the last ten years with so much distress. 1t is
asserted that all parties at Washington are
about to fall in with Sherman's views, and AT.
ter possibly so adding to the silver bill As to
provide for silver certificates and free coinage
are ready to let the whole currency question
thereafter severely alone, to work its way up to
resumption under the guidance otthc Secretary.
PAYING OUT SILVER
There was some disappointment, on the arTi-
| val of 100000 of the new silver coinage at
l the treasury last week, to find that it would
be paid out only in exchange tor gold. Secrc.
l tary Sherman seems determined to holQ on to
the whole coinage for resumption purposes, eX.
cept that possibly after while, he says, he
may pay out part of 1t for silver bullion, and
thus put it in circulation. But he don't pro
pose to pay it to members of congress or in Ii
quotation of any Of the ordinary expenses OF
I the government.
l BULLION CERTIFICATES
The house finance committee have agreed
upon and reported bill for the issue of cert
Gates of $40 and its multiples against deposits
of silver in the mints said certificates to be re-
ceivable for CUSTOMS dues, &c, the same as
silver cons The bill will doubtless pass.
THURMANs PACIFIC II. II. BILL"
! The senate is now engaged in dreary and
intermnablc discussion of Humans bill to
compel the Pacific railroads to provide a sink
ing fund to pay back the money they received
! OF the government There is nothing but sheer
bribery and corruption that can defeat IA bill so
cmincntly righteous.
TOM SCOTS JOB.
Tho oon"to railroad committee like that of
/ the house, has reported in favor of subsidy OF
some $4,000 Il mile to Tom SCOTS Texas Pa
cifc railroad The same committee returned
]
the socallcd Huntington bill, to authorize the
California Southern Pacific railroad company
to build their road from the Colorado eastward
to Texas, without asking for any land grant or
subsidy in bonds or money
BANKRUPTLAw
The house judiciary committee on Wedncs-
day reported bill for the repeal of the bank
| rupt law.
JUDGE WHITAKER.
! There is an ominouS and fearful scent of the
bloody shirt in resolution introduced in the
Senate on Wednesday by Howe, of Wisconsin,
asking information of the president whether
the Judge Whitaker, of La, who presided at
the Anderson trial Is not dcfaulter to the |.
s, and so on. Howe proposes to give the
South and Hayes an awful going over about
Whitaker in Il speech next Monday.
TREE CULTURE.
| The senate passed an amendment to the tree
culture law on Wednesday to the effect that
any settler on public lands in Kansas, Nebras-
ka Minnesota, &c, who shall plant and for
ten years cultivate 10 acres oftimbcr on II quar-
ter section of government land, shall, at the
end of 10 years receive free title to the land.
ELAINE y SEIZURE.
Blaigc Sargent, &c, took another acrimonl-
Gus tilt at Secretary Schurz in the Senate on
Wednesday during the discussion Of the little
deficiencies bill" in which there is an appro-
priation to pay SchuZs timber spies" as
Blaine called them. An amendment was
adopted that there should be no interference
with actual settlers cutting their own frewood
on government lands.
DOORKEEPEH POLK.
Two reports have been made on the case OF
doorkecper Polk, the majority of the commit
tee recommending bis dismissal and the MINOR
lty opposing IT, There is no doubt that the