Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1878-01-31
CAPITAL NOTES.
pEcK's SINKING FUND RESOLUTION.

BECkS SINKING FUND RESOLUTION.
Washington, Jan 29.-Mr. Beck, in i1-
PRODUCING his resolution against an appro.
pristion for the sinking fund, said be want
ed an expression from both houses regard
ing the important question of reducing op
pressive taxation and yet supporting the
government. He thought be could show
how $30C30C00 could be saved from TIE
customs service, internal revenue and In.
dian manag ement but at present would only
consider the sinking fund. The secretary
of the treasury had said there would be
deficiency Of over $ll ,0O0, 900 at the end Of
the next fiscal year In the governments re.
ceipts also that the sinking fund contains
now SEQ, 100000 more than the law re-
qul!es, and that the government had practi-
cally fulfilled all it's pledges for the sinking
fund. Why be SO anxious to pay the bonds
nows The public creditors are not suffer-
ing. The property of the United States is
growing more valuable, and the public debt
is mortgage on it. The sinking fund was
provided for at least i've years 10 advance,
and congress should now reduce taxation.
Had congress been informed of the condi-
tion Of the sinking fund it would never
have passed tie act of March 80, 1875, to
protect the sinking fund and increase taxes.
Treasury officials had grossly deceived Mr..
Dawes, who controlled the bill. Messrs.
Morrill, and Dawes said they would speak
on this resolution hereafter.
TRADE DOLLARS.
The active demand at San Francisco for
trade dollars for China business and the re-
quirement of Law that this demand be met,
coupled with thei fact that they can be
placed in domestic circulation At profit OF
TO 4 per cent TO the owners ofsilver bullion,
and are coming east, has caused some en-
harrasment at the treasury de partment which
has submitted the question to the cabinet, il
whether the Philadelphia mint shall be al
lowed to coin them as we'll as those at San
Francieco and Carson City. All three mints
would have enough work with trade dol.
lars to keep them busy until congress acts
OH the silver bill.
The cabinet decided today that The coin
age of trade dollars should be resumed at the
Philadelphia mint
THE SECRETARY OF THE INTERIOR
has received letter from prominent citi-
zen of Utah giving an account of the depre.
dations Of contractors for furnishing timber
Of all kinds to the Union Pacific railroad
company, who states that thes edepredation.
are committed all along the line, and that
hundreds of thousands Of ties, material fol-
snow sheds, cord wood logs and timber
have been taken from government timber.
lands on the line of the Union Pacific rail.
road track all the way from Tiesiding to
Og!en, and that these depredations amount
to millions Of dollars annually. The cor.
respondent also states that the contractors
have All established system of peonage, simi'
lar to that in Mexico, in which scores o.
honest, hard-working, sober and faithful
men, are being oppressed in violation O
every right belonging to frte man in tht
United States.
COMMITTEE BUSINESS.
VIM. Pitt, formerly United States minister
70 Venezuela, appeared to-day before tn,
senate committee on foreign affairs ~ coun
eel for the Venezuela government and othel
parties i1terested, and was heard in advoca
cy Of Senator Eaton's bill providing for Ii,
annullsd awards Of the mixed commissio,
of 1863 and for new commission to rehea
claims pared upon by the mixed commits
! ion and such other claims a may be presen
ted. The bill charged that the acts Of tn.
mixed eommiasin we're tainted with fraut
froo its creatioa.
TIE senate finance committee to-day au
thcsissd Sesator Allison to o6er ~ ~
amsadmsst to the silver bill his provisio,
for IN iases,,ational money conference ane
70 az coanon ratio Of valns for gold sns
silver. TAa asaarainatioa u NJ fstie i
soa hovssss, cnedisioa pescs6sae 70 III
Woviaisa q sAs Ill; On ~ coatray he hill
II sssrssd. ga tate seeCs ianediaasly, ~
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