The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1878-05-05
BREYITIEs.

Tue San Francisco Post being
well satisfied with the present arrange
ment of our monetary affairs. expresses
its appropriation in the following
terms:
"Tho present financial policy OF
equalizing the currency 10 not resump-
tion, however, Us 80 many seem to
think. We arc glad it is not, because
we hold resumption to bc wholly un-
necessary. The idea. practically exc
cnted, would compel the accumulation
Of specie until there is sufficient on
hand in treasury and bank vaults to
meet on demands all presentations Of
treasury notes and national currency.
The whole body of paper would have
to be provided for. Against this we
have always fought hs worse than use
less. 1t would be deliberate ruin and
wrecking. To that end tho treasury
has heretofore worked. The policy of
equalization is one that helps, not
hinders; builds, not destroys; creates n
moral expansion, not dangerous and
unnatural contraction. France has
never resumed in the way our wiseacres
and wreckers have sought to fasten on
us. and yet the steadfsst policy OF
equalization has made her prosperous,
and keeps her buoysnt through IN un-
paralleled crisis. ....... ...,.....
The White Pine Nsrs Of the 9th has
the following; 1.-The Eberhardt Tunnal
has passed the 3,000.fo mark, and we
learn that The header is again in vein
matter which gives encouraging hopes
Of the near approach to something moro
valuable. The tunnel is now in the
vicinity ST ground that proved very
valuable near the surface, and its
course during the next 500 feet will be
watched with much interest both here
and on tho the other side of the Allan
tic. The management entertain grent
hopes of the next two or three months
explorations. The upraise in the drift
is being explored with force of twenty
miners and large body Of quartz is
being penetrated the assnys from which
continue to improve. The company's
mill is undergoing repairs and will
probably be ready to start up early in
June. Teams will commence hauling
ore from the mine to the mill the COM
ing week. .ta .r..ar .-.F T..
The Teutonia Savings Bank of New
York City has been stopped by injunct-
ion from doing business, its Investments
in town bonds which have defaulted
their interest or been repudiated being
the reason. Deposits over $1,000, 600.
The Peoples Bank of Belleville ILL.,, has
also gone up tho spout, as it were.
The Times Washington special says
tho excitement created by the Florida
confessions have died out. The state.
ment Of McLin is found to contain
nothing that has not already been told
and in much better way than ho
tells it..
j. 9. FLOOD is authority for the
statement that the next dividend OF
Con. Virginia will be 81 per share.
This reduction is due to the necessity
for repairs to the main shaft, which
will interfere with ore production. II
is expected that tho reduction will only
be temporary.
G. V. CnoLIUs, night foreman Mt
the Alta mine, Virginia City, was in
stantly killed, Friday, by falling to
the bottom Of the main shaft, dis
tancc Of 800 feet. Deceased was ma
tive Of New York, and 40 years of age.
AR the Teachers State Institute, u
resolution to give State Certificates to
all who possessed certificates from
other State institutes. or Normal
schools, making application, was
adopted.
The Sultan has presented General
Grant with d beautiful Arabian horse,
magnifsicntly caparisoned-but tao
best Of the joke is, the General took
'em. g.r
TuE Receiving Teller, Shubury, Of
the First National Bank Of Pennsyl.
yania, has been arrested charged with
embezzlement md fnlsifying tho books
aud papers OF the bank.