The weekly herald. [volume] (Cleveland, Tenn.) 1876-1888, 1878-01-24
Trom the Capitol.

ht III IFNtlht ahDoNi trAlpH9 W Aib
per cent. L. S. funded loan, in demon
nations as stated below, at par and ac
crued interest In coin. The bonds arr
rcdeemable in 30 years from July lst
1877, aud bear interest, payable quar-
tcrly on the.lst day Of January, April
July aud October, aud are exempt from
taxes aud duties under United States.
States, municipal or local laws.
The subscriptions may be made for
coupon bonds Of $50, 100, $500 and
81, 900, and for registered bonds Of $50,
500, $500, 81 900, 5000 and $4,000.
Two per cent Of the purchase money
must accompany the subscription, the
remainder to be paid at the pleasure OF
the purchaser, at any time within 80
DAYS thereafter, with interest on the
amount, at 4 per cent per annum, to
date Of payment, when the bonds will
be transmitted free of charge to the sub
subscribers, and a commission Of one
fourth or one per cent will be allowed
upon the amount Of all single subscrip-
ton reaching 81 600 or above,
Forms of application will be furnish
ed by the treasurer at Washington, the
assistant treasurer at Baltimore, Bos-
ton, Chicago, Cincinnati, New Orleans,
New York, Philadelphia, St. Louis and
san Francisco, and by the national
banks and banks generally. The ap-
pllcations must specify the amount and
denominations required, and for reg
istcrcd bonds, the full name and post
Office address OF the person to whom
The bonds shall he made payable.
The interest on the registered bonds
will be made payable to the order of
the holder, mailed TO his address. The
check will be paid on presentation,
properly endorsed, at the Offices of the
treasurer and assistant treasurer of the
United States.
The payments may he made in coin
to the treasurer at Washington, or as
sissant treasurerS at the points above
named.
For the cOnvicnce Of subscribers the
Department will also receive, in lieu Of
coin, called bonds of the United States,
coupons past due or maturing within
80 days, or gold certificates Issued UNI
der the act of March 3, lS7 and nation
al banks will be designated rs deposit
tories under the provisions of section
5,l53, revised statutes of the United
States, regulations to be hereafter pre-
scribcd.
The open rupture so generally pre-
diet ed during the recess, - certain to
occur between the President and dis
senting Republican members of Con-
grcss very soon after they reasselnbied,
seems, for aught now seen to the con-
trary, to have been indefinitely post
poned; and Democrats are worrying
not IA little in consequence. Though
the prediction may have appeared jus
tilted at the time of the holiday adjourn
ment, the recess hrs allowed time for a
more passionate review of real or fam
cied grievances, and for healing exist
ing, imitation and the example set by
New Hampshire Republicans COM
mcnds itself for imitation, so for as their
compromise was effected without any
sacrifice Of honest convictions. SO
far Congressional proceedings have
been very tame rs compared with what
was expected by lovers Of the scnsa-
tional. The women suffragists have
been patiently heard and promised that
the subject Of their request shall re-
ceive the attention its importance de-
mands. Reformer Wood has his smell
ing Committees well in hand, and we
need expect very little attention to be
given; the many vital problems press
ing the solution, SO long as a single ay-
cnue is left uneXplored by the House
majority in its mad hunt for something
that can be made to contribute to parti-
san advantage. Meanwhile the i'm
preston grows more and more general
that the 45th Congress is utterly in
competent to deal with the grave re-
sponsibilities growing out of the finan-
cial distress and ruin threatening on
every hand.
The matter Of reconciliation is being
discussed in a dtsjointed and desultory
way in both Houses; and the introduce
ton of private and of public bills, upon
the most trivial matters, continues to
absorb the attention of members anX-
ious to duly impress their constituents
with the devotion of their Representa-
tive, or ambitions to shine IN the Record
AS author of a bill. Two whole days
have been consumed by the Senate in
culogizing DECEASED Senators, Whlte
members Of the House appear incapu-
BILE OF enduring the handahips Of a ses-
sion of more than 3 or4hOurs devotion.
A special message is o o expected, re-
commencing that members Of the Cabi-
net be allowed seats in the House, to
enable them to personally explain the
necessity Of such appropriations as they
urge in their annual reports, and to
give information upon other matters Of
their jurisdiction calling for lcgisla-
ton. The case of Thomas Jefferson as
Secretary of State is cited as furnishing
a precedent for such an innovation /;
and II is claimed that members could