The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1878-06-14
WASHINGTON LETTER.
From our Special Correspondent
WASHINGTON, d. G.. June 81. 7S

4 Il i -
From our Special Correspondent
WASHINGTON, ID. c., June Sd, rs.
The Star of Saturday says: THE ir,-
mediate effect of the passage of the bill
to prevent the further contraction ofthe
currency, (the Senate having concurred
IN the previous action of the Hou.o will
be that SO per cent. of the additional
National Bank currency, issued during
May, being 81, COG, AGO, instead of being
retired by the Treasury Department,
will be allowed to remain in circulation.
This amount is about the average sum
retired each month by the Treasury I'M
der the law. Its being out standing wiz
interfere but slightly with the resump-
ton ofspecie payments. This monthly
retirement of legal tenders was calculat-
ed upon by Secretary Sherman as so
much aid TO resumption. The disposi-
ton of U S bonds by the Secretary for
gold and the accumulation Of gold re.
allied thereby for resumption purposes
has not, however, been interfered with.
The prospect of resumption is not less
ened by this legislation, especially as tins
bill is tacitly understood on all sides to
be the last measure affecting the finances
to be framed during the present session
of Congress, The President viii un-
doubtedly sign the bill"
The dispatches coming to us from the
West this morning will probably confirm
the Senate in its opposition to the oil
reducing the Army to 10000 men and
the Conference Committee, or Commit
tees, to be entrusted with the work Of
harmonizing the conflict Of opinion be-
tween the two Houses Of Congress On
that matter, have a most unpromisiDg
job in prospect. Itappears certain that
the Bannocks, heretofore the faithful al
lies of the whites, are now on the war
path, having burned the bridges in their
rear and it also seem more than prob
able that Government has another var
with Sitting Bull on its hands. Opinion
here seems to be that the BannCcks have
been aggravated and exasperated into
their hostility to the Conveniently the
bare faced swindling and cheating prac-
ticed on them by some Of its Agents. At
least such is the complaint made by that
band. Dispatches that seem authentic,
allege that Sitting Bulls Sioux braves
will be reinforced by many Arapahoes
and Cheyenne warriors, besides large
numbers of discounted Indians from
other tribes. In short the prospect for
another savage outbreak Of uncertain
dimensions but formidable enough con-
sidering our helpless condition, is first
class. Those contending for a reduction
of the Army are already heard disclain-
ing against the sender ofthese dispatches
as the tool of those opposing such
measure. But the feeling Of anxiety
about the War Department Is proof hat
such an explanation is not entertained
there. And the opposition in and out Of
Congress seems to hare been greatly
strengthened by the tenor of advices re-
ceiyed during the past ~ hours.
Among the many jobs before Congress
which must suffer by an early adjourn
ment, is that for subsidizing Scotts Texas
Pacific railroad. For the 400 mills Of
road to be built at an estimated cost Of
S31 100000, the Government IS asked
y to endorse company's 30 year . per cent
bonds to the tune Of S38, ,C0OOCO and de-
liver to it the s31 100000 the road IS 10
cost. As security it is substantially pro
posed that the Government shall redin
all that is due the road for transportation
of mails, troops, supplies, etc, belonging
to or sent over it by Government sec
ond, should that amount not wholly re-
limburse the Government, it is to take
the balance out Of the 100000 worth
of bonds it holds and whose value de
pends wholly on the creditors endorze-
ment, guaranteeing their payment.
Should the government accede TO this
novel proposition to pay itself by taking
its own notes, it will be stuck for interest
amounting to almost 100000 annually,
, or for an aggregate ofabout SlOOOOOCOO,
besides a contingent liability for s38 600
: OCO, the face value Of the bonds endors-
/, ed. The only source from which It can
be paid is in the transportation It MAJ
D require over the road.
4, After several unimpOrtant meetings
of the Potter Committed, II got 70 work
Saturday, having first before It Anderson,
the much advertised witness who was %
floor Secretary Sherman, He (AEder-
son) came confidently forward and told
his story with 8 glibness that indicated
! careful training. But he oyerdid the
l matter; and the bod discrepancies ct
which he is alleged TO have been guilty
= in his different versions Of the same
D matter, would seem to have got him into
{ an ugly trap ct the very outset. Secre-
= tary Sherman was called to plead as 20
J, the authorship of a letter photograph
Y COPY of which was in evidence lie
2 plead not guilty and the matter rested
: there over Sunday. Of course the pro-
. ceedings ofthis Committee absorb all the
,fl interest we can spare from other matters
The sub Committee for Florida has al
ready gone, to be away about two weeks
The letter of Stephens and Key have
been holy denounced in all Bourbon
and Greaser circles but they are en-
dorsed by an uncertain number OF Dem
ocratic Congressmen, and a revolt seems
!, almost inevitable. The President has
{ denied the truth of Townsend's inter
view, but as understood here, 1t is more
e az to the form than the sentiment Of the
y statement put out as a correct account OF
8 what was reputed to have been said by
0 Mr. Hayes at Gettysburg. MAXWELL