Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1878-01-25

! lion VI tine Iowa Circuit Court, ifom
! whose opinion probably the defeated
party
Will IAEE AN APPEAL,
that ,helaw q 1878, requiring suit TO
bc brou,nt against the Inion Pacific IT,
alleged violation Of the law, is not pro
spcclive, ami relates only to Illegal acts
alleged q haze been committed r-.o.
10 tie passage Of the law; and that by
The common agreement OF all parties
interested ii is thought advisable not to
take criminal proceedings against tho
Officers Of any of the roads until after
i've points which have been submitted
~ tic courts are passed upon.
TIE PROPOSED INCOME gAx.
Tic commissioner OF internal reTe.
nue. does not believe that 81 income
tax would accomplish its object j. pro
curing revenue. lie thinks inat there
has been such shrinkage and such loss
of capital in private fortunes during the
last five years that IN lnCome-taS would
be practically imperative Certain eX-
emp:;ons would be necessary. All Al
comes could not be assured, and the
uncXenptcd portions would not I've
worth taxing. The commissioner is al
- opposed 10 any further conso!lda-
.icn Of the internal revenue districts.
RESUMPTION INVESTIGATION.
The house committee or banking and
currency TO-DAY authorized their chair-
man, Gen. Ewing, - report I resolution
for adoption i'y t!:e house. giving the
committee noMe. 70 send lor persons
and papers, and otherwise make com.
plcte investigation rs to the amount OF
coin in the country available for pur.
poses ofrcsumptlon.
SILVER PROSPECTS.
Senator Jones, the leader of the silver
men in congress, says that his hopes Of
satisfactory silver bill are stronger
than ever, and that the delay i'll tho
senate will strengthen the movement
rather than weaken it. He says the
hard times are but just begun, and that
the people viii soon demand silver III
every state Of the union.
TILDEN.s INCOME suIr.
A New York dispatch of the 10th
says arguments iii the ease of the
United States vs.. Samuel J. Tilden,
to recover $4,000 us an annual III
come-tax for the year of 1861, with
interest from the 30th of June, 1862.
were begun this morning i'll the United
States district court. There are nine
counts in the complaint, to all OF which
demurrer is made on technical grounds,
the merits Of the ease not being gone
into. 1t was decided to take up each
count separately. The first count
charges So 600 back tax for the Years Of
1861 and 1862 Tilden's counsel claim
that the laws passed about that time
were recognized rs necessary war
measures, and annulled the law requir-
ing the payment Of the income tax III
that year. Judge Blatchford sustained
the demurrer, giving Tilden the first
victory.
DEATH or CONFEDERATE COMMODORE.
A Baltimore, Maryland, dispatch
Of the 20tn says Commodore George
N. Holins died last night Of para
lysis, aged scvcnty-ninc years. lie was
in command CT the sloop-of-war Cyanc,
which bombarded Greytown, Nicara-
qua, in 1854. At the commencement
Of the late civil war he entered the
TREASURY STATEMENT.
An Associated press telegram of Jan.
of Goth says from the weekly statement
the Secretary it appears that treasury
now holds $345, 932,5 800 III United States
bonds to secure national bank circula-
ton, and $l3,6S&,000 to secure public
deposits. United States bonds deposits
- ,1,,ft tt
day, $432,00O Bonds held for circula
Lion withdrawn for the week ending To-
day, $60SO0O. National bank ci"
culaton outstanding for the week
ending to-day, 80 gold notes, ISL
435, l20; currency, 1919, $4,000.
Internal revenue receipts, sos
2S6. Customs receipts, $407. S3l. Re
ceipts national bank notes for redemp-
ton, for the week ending to-day, com
pared with the corresponding period
last ycar-1S77, S5,S5l,G eco; 1878, SI.2i1-
100 Receipts to-day 100000 currency;
.S,47l,l9l gold. Special fund for re-
dempton of fractional currency, Sl0,-
600 900. Special deposit 81 legal ten.
dcys for redemption of certificates al
deposit, S3G,650, 800; coin SIS. 0Sl,5lS;
including coin certificate, $39696,691,
outstanding legal tenders, 1916, 943,7716.
THE WEARY PACIFIC RAILROAD BILLS.
The house committee OH Pacific rail,
roads to-day read Arguments on tie
Northern Pacific railroad hill. The H.
gumeuts were made ~ tile attorney of
the company ii advocacy Of the pro-
posed extension Of time for the compile.
ton If tile main line and branches.
Delegates Jacobs and ]. ]. McGllyea, Of
Washington Territory, spoke i'll oppo-
siticn 80 far rs the extension relates to
the branch across the Cascade Noun