Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1878-05-03
Washington.
THE TEXAS PAC1E1c.

Of April Goth, states that the friends 81
the Texas Pacific railway report the
prospect of the passage of the Texas
Pacific bill continually improving.
They report that they can now safely
count upon n majority in favor of the
bill when Il vote can be reached
THE MEXICAN MINISTER.
The Mexican Minister Senior is in
Washington and will present his ere
dentials to President Hayes during the
present week.
sBcRETARY ENiRTs AFFGlCTIoN.
Advices received ut Washington from
Windsor, Vermont, state that Secretary
Eyarts had to postpone the funeral OF
his son which was to take place on sun
day the 2Sth inst, and hc and his wife
took a special train to New York city
where another son is lying mt the point
Of death with typhoid fever.
A SUNDAY NIGHT CABINET SESSION.
The president returned to Washing
ton Sunday morning from his visit to
Pennsylvania and on Sunday evening
the members of the cabinet in Wash
ington were mt the executive mansion
i'll consultation with the president for Il
long time. The nature of the business
is unknown.
THE NEW SILVER DOLLAR.
The treasury officials state as rea-
son why no more Of the new silver dol
lars have been paid out as yet, is that
it is not practicable to commence with
less than $3,000,000, and it is only now
that the treasury has that amount in its
possession. The secretary of the trca-
surv has to-day decided that
silver shall be paid for cur
rency obligations to the extent
that the Government is required TO de-
stroy notes underline so per cent retire
ment provision Of the National Bank
act. This sum varies each month. This
month the amount will be about ST.
10000. The Secretary has ordered
that this amount shall be replaced
by silver dollars, to be paid
out III the current course of business.
This will be done through the various
subtreasurics. This is the beginning of
the payments in silver on currency OBJ
legations, and it may be chat the sccrc-
tary will devise other means for paving
out silver. But the question was
asked Why is not silver paid
out the same as gold in
the redemption of interest coupons?
The answer is, There has not been sill
yer enough for this purpose If Sccrc-
tary Sherman uses silver dollars or sill
YER certificates for the purchase of bull
lion, and pays out silver dollars for
currency uses under the so per cent
retirement provisions, the entire
amount Of silverau authorized TO be coined
will thus be placed III circulation. The
amount Of notes destroyed monthly
under the so per cent. retirement pro-
vision averages 81 100000, Thcamount
of bullion authorized to lie purchased is
from 50, O0O,0 O0to $4,000,000. BY using
silver for these two purposes, therefore
S4,0O0,00O monthly can be placed III
circulation That seems to lie Secre-
tary Sherman's present intention.
TREASURY STATEMENT.
The following is the treasury state
ment for the week ending April 21th
U. $. bonds to secure rational bank
circulation .................. .... t347, us. $50
Bonds TO secure public deposits. -, AS, 600
u. s. bonds deposited Tor circulation
week ending to-day ............ -. ;92. 900
Bonds held for circulation Withdrawn
week ending to-day ............ All. Gi3, coo
National bank circulation outstanding
currency notes...,.,.... ........ 81, 626, 059
Gold notes ..........,... !, 49,, 100
Internal receipts TO-DAY. ............. 400, 32l
Bank notes received ior redemption
for week ending TO day ........... ), 800, O00
Corresponding weak of lSi1.,8,..,... 5,96i, 600
FATE OF THE TARIFF BILL.
Advices from Washington under date
Of April eth, say that careful canvass
of the house on the Wood tariff bill has
been prepared, from which il appears
that there are l35 votes for the bill and
156 against il. The canvass has been
made by an equal number of demo-
Gratis and republicans from each Of the
states interested in the fate Of the
bill. On this canvass the speaker is
counted as not voting and there is one
vacancy in the Louisiana delegations
The majority against the bill is therefore
II and, unless Mr.. Wood concludes that
discretion is tine better part Of yalor, and
postpones action on the measure until
the next session, the enacting clause
will undoubtedly be stricken out. The
canvass, Of the accuracy Of which there
can be no doubt, is in detail as follows
States F0ffhe GfR. ME bjH.
Maine ......... ...s....,. ...... Z
New Hampshire. ..4.4......s..s
Vermont a.... ........ ... 80.
Massachusetts ..............t.ts II
Rhode Island ,.., t.s..t..t.,....
al /. i .