The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1878-04-18
CURRENT NEWS.
WASHINGTON.


The Pacific Railroad Funding bill passed
by the Senate makes the Union Pacific and
Central Pacific Railroad Companies pay into
the United States Treasury, in addition to
the whole Of the Governments earnings, not
to exceed for the former company $4,000,
and for the latter $500, 900 per year. The
Government has heretofore retained all Of
the Governments earnings, although one
half Of them has been due TO the companies
The objection made to the bill was not TO
the amount TO be paid into the sinking fund,
but 10 other sections of the bill, in
Guiding the declaration Of a right to
amend, alter or repeal the bill should it be-
come law. Senator Thurman, in his re-
marks on the bill, explained these sections
in a manner which deprived them to some
extent Of their Objectionable features. The
amount due the companies hereafter from
the Government for transportation and 9TH
er services, which has heretofore been held
in the United States Treasury without ben
eft or interest to the companies, will, i'm
mediately on the bill becoming a law, bear
compound interest as part of the sinking
fund, and he placed TO the credit Of the two
companies.
The Senate Committee on Military Affairs
have agreed to recommend the passage OF
Spencer's hin appropriating $4,000 for a
military telegraph from Deadwood to FIT.
Ellis, Montana, embracing the line OF mill
tary posts on the Yellowstone and Big Horn
Rivers.
A Republican Congressional Caucus was
held on the evening Of the 10th, at which a
National Republican Congressional Commit
tee was appointed, consisting Of one mem
Der from each State and Territory repre-
scented by a Republican in Congress. There
was some discussion Of the Presidents Civ
il-service policy, and Senator Sargent offer
ed a series Of resolutions antagonistic there
10 and urged their immediate adoption.
Senator Edmunds, however, interpOsed an
objection, and moved their reference to a
committee, with power to confer with the
President on the subject, which was agreed
TO. Senator Blaine and Senator Conkling
were both absent.
The House Committee on Mississippi
Levees have agreed TO report favoTably the
funding bill providing for the improvement
Of Mississippi levees from st. Louis to the
mouth Of the river. The bill provides for
the appointment Of three army officers by
the Secretary of War and three civilians by
the President, whose annual salary shall not
exceed $500 each. The bill appropriates
S25O,OO0 to defray the expenses of the com
mission, including salary, and Of the survey
proposed.
The Ways and Means Committee of the
House of Representatives, by vote Of to
8, have determined 10 report an income tax
bill.
A New York paper having made the state
ment that Mr.. Hewitt is preparing a bill to
reopen the Presidential controversy, that
gentleman states that he is doing nothing Of
the kind, as he considers the Presidential
question settled beyond contest.
Secretary Sherman has entered into an
agreement with certain New York bankers,
members of the late Syndicate, for the sale,
for resumption purposes, of S50,COO,OOO of
United States 1-2 per cent. 15-year bonds
at par and accrued interest and l 1-2 per
cent. premium in gold coin; $4,000, 900 to be
subscribed Immediately, and 100000 per
month during the balance of the year.
President Hayes, according to an Associ-
ated Press dispatch, does not seem the least
disturbed by the action of the recent Re-
publican Caucus, and will not rescind his
order forbidding participation in political
meetings Of officials in the executive branch
of the Civil service.
Fitz John Porter's persistent application
for a review Of the evidence taken before the
Court Martial by which he was tried and
convicted, has been finally successful, and
President Hayes has ordered Board Of Off
GERS to convene at West Point on the 10Th of
June for that purpose. Detail for the Board:
Maj Gen. j. L. Schofeld; Brig. Gen. A. H.
Terry; Col. G. A. Getty, Sd Artillery; Maj.
Asa ID. Gardner, Recorder.
Minister Foster, upon his return to Next
co, was clothed with full power to officially
recognize the Diaz Government, should the
situation Of affairs in his opinion render it
desirable 10 do so.