The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-02-26
THE NATIONAL CAPITAL.
am, FOR REDEMPTION OF U. =
h'" BONDS In COIN.
s,.,e Commeree-Compliment
20 senator rhurman-Transier
ot Indian Bureau-Fhe
silver Bill.
meath Of First Comptroller of the
Treasury.

v,sutssroN. ID. T., February %
n. y W. Taylor, first Comptroller OF
,ss Treasury, was stricken with paralysis
49,. evening while seated st MS desk,
'u died at home two hours afterwards
~. rsylor was appointed by President
Iincola during the administration oil
secretary Chase.
RuI 60 Provide for the Redemption
of Bonds I'm coin.
Tho bill introduced by Mr.. Shelley,
,r,boriz,ug the issue and providing tor
the redemption, in coin, OF United States
Ids directs the Secretary OF the Treas
~ 70 issue S5OO,OO0OOO Of Treasury
80. NOT less than S50.0O0,OO0 nor more
,bsn 500 100000 to De issued in sny one
rssr the notes TO be receivable IN the
IN eot of all debts, public and private,
1.-The United States, except custom du-
,,s. and United States bonds and notes
nsysble in coin. The bill authorizes The
Secretary 10 buy coin with said
notes, and with this coin redeem
outstanding United States bonds. When
,bs nremium on coin exceeds the market
value of Governmen bo:ds IN the reas-
rry then the Secretary be authorized to
nnrcbsse Dor ds with said values aud cam
eel the same, provided that not less than
any million dollars OF said bonds shall
be redeemed IN any one year. The Sec
relary shall use ali the gold now on hand
m the Treasury for the purpose OF re-
deeming outstanding Government bonds;
proyided, that In redeemIng bonds under
iais act preference be given to bonds
having the largest rate OF interest and
having the shortest time 10 run.
The bill introduced by Mr.. Southsrd
proposing an amendment 10 the C0nsu.
iutiop. 10 be designated rs Article AVl,
proy,des that Executive power shall be
vested and hereafter administered by
three Presidents, constituting Su upreme
Executive Council of three, 10 be elected
by the qualified electors Of each and all
the States, and each 20 be taken from one
of The three several prominent sections
1.-THE limited States known one rs the
Western States, one as the Eastern and
Middle States and the otEer as the South
ern States, aud no two Ot wnom shall be
citizens OF the same section or district OF
country. The term ot office 10 be Elk
yenr.. and no President having served q
iun term shall be eligible ior
second term, aid a. the hrst
eeeuon under this article the
President from the Western district be
elected Tor the fractional term OF two
vesr., snd one from the Southern dis.
irlct for the fractional term OF four years,
and one from the Eastern and Middle
districts for the full term OF SIX years,
snd alter the frst election one President
.hsll be elected from one OF the three
several districts every two years. In
.lesd of the Vice President now pro-
vided, the Senate shall every tour years
e!ec, President OF the Senate who is
not member of that body, and who, as
presiding officer, shslI have and exercise
all the authority heretofore conferred on
The Vice President. The bill further
provides that esch OF the Presidents shall
receive compensation not exceeding