Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1878-03-13
WaSlliL ytOn.
THE PACIFIC RAILWAYS.

WaShiL gtOn.
THE PACIFIC RAILWAYS.
Associated press dispatches from
Washington under date of March
9th, state that the senate COM
mittee on railroads has unanimous
ly agreed to recommend the passage of
the Dorsey Pacific railway sinking fund
bill, with certain important amend
ments, prepared by Senators Mitchell,
Matthews, Dorsey, Random and Bar
mum, subcommittee in charge of the
subject of the bill, as thus agreed to, is
amended by the entire omission of the
section which provided for the recon
veyance Of 100000 acres of land
grants to the government, on condition
that the sinking fund should be credi-
ted therefor at the rate of $125 per acre
The section providing that the Union
Pacific and Central Pacific companies
should be given preference Tor govern
ment business is stricken out. .s..-r
HOW THE TARIFF BILL WILL OPERATE.
At the cabinet meeting to-day the
tariff bill now being considered by the
committee on ways and means, was
the topic of discussion From estimates
and tables submitted by Secretary
Sherman, it appeared that under the
operation of the bill the revenue would
fall off annually from II to Is million
dollars, and to meet all expenditures Of
the government it would become neces-
sary to make up the deficiency by tariff
on articles now on the free list.
,Unnr conI>c r,r
Associated press kilograms from
Washington under date of March
Stn, state that the committee
on ways and means to-day made
the following changes in the tariff bill:
the rolls on women's and childrens
WOODEN dress goods, valued above 20
cents per square yard was fixed at y
cents per square yard.
PACIFIC RAILROAD SINKING FUND.
The subcommittee in charge Of Sen
ator Dorsey's bill for the creation of a
sinking fund to liquidate the Pacific
railroad Indebtedness reported it favor
ably to the full senate committee on
railroads to-day. The bill provides as
a main feature that the Union Pacific
and Central Pacific companies shall
each pay $4,000 into the United
States treasury annually, and that the
government shall allow the sinking
fund to be credited with 81, 100000 for
each company, as the estimate value
United States. The subcommittee
consists of Senators Mitchell, Barnum,
Dorsey, Matthews and Ransom.
SHERMAN AND THE SILVER BILL.
After consideration and consultation
with members Of both houses of con-
gress the secretary of the treasury has
determined that the first silver dollars
to be issued will be used only in ex-
change at par for gold coin, or for the
purchase of silver bullion at the market
price. He does not feel at liberty to
use them to pay for current expenses
until the amount coined is sufficient to
furnish all alike without discrimination
Nor does he deem 1t expedient at pres
ent to exchange them for United States
notes, or use them in payment of IN
terest on the public debt until the
amount coined is sufficient to enable
him to do so impartially. Therefore
they will at present be used for the
purchase of silver bullion at the market
rate.
THE SILVER CERTIFICATES
will soon be ready for issue and are Of
the form of bank notes engraved in the
best manner and printed on bank note
fibre paper.
g IN RESPONSE TO A RECENT RESOLUTION
Of the house, inouiring as to the sale Of
United States bonds for outstanding
legal tender notes of.the United States
at par, the secretary of the treasury
to-day sent Il communication to the
house, in which he says all bonds dis
posed of by him have been sold for
their par value in coin -.
THE SECRETARY OF THE INTERIOR
to-day sent the house a communication
recommending an appropriation Of
$4,000 to be expended in carrying out
the intentions ofthe act of March LIST,
1872, relative to setting apart the tract
of landnear the head waters Of the
Yellowstone river as a public park to
be under the exclusive control of the
secretary Of the interior, who shall
make such regulations as he may deem
proper for the preservation of all tim
Der, mineral deposits, natural curiosities
and wonders within the park, and their
retention in their natural condition.
+ THE TARIFF ON WOOL.
AN associated press dispatch from
Washington dated March 9TH. says that
the ways and means committee to-
day considered the rate of tax on woods,
and made the following amendments:
The duty upon wool Of the first and
second classes which shall be imported
washed shall be twice the amount Of
duty to which it would be subjected if
imported unwashed, and duty upon
wool Of all classes which shall be i'm
ported secured shall be three times the
duty if imported unwashed, and the
duty upon wool Of sheep or hair Of
Alpaca goats and other animals which
shall be imported in any other than
ordinary condition as now and hereto
for epracticed, or which shall be chang
ed in its character or condition for the