River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1878-11-14

erSl trust funds, the school fund is credited
with ,S07, ZOO; the normal school, fund with
6sO,5C0, and university fund with $l35, 500.
Tie debt of the State amounts to 81, 250057,
divided principally among the several school
funds. The only county in arrears on account
OF State taxes Is st. Croix, $704,5s. All the
Wisconsin railroads have promptly paid their
taxes except the Wisconsin Central, which
has failed to nay the second installment Of the
Incense tax for 1877, amounting to $1,000
DESTRUCTIVE CONFEDERATION.
A terrible confiagration occurred ON the
9th inst, at the famous summer resort, Cape
May, destroying hotels, boarding houses, cot.
tages, bath houses, etc. 1t was an ineendiary
fire started in the De- an House, where there
he'd been no fire since the close of the season.
The fire burned steadily from O'clock in the
morning until between 5 6 O'Clock in the
afternoon. The entire burnt di,trict covers
an area of about forty acres, and is bou aided
by Congress street on the west, Washington
street on the north, Ocean street on the east,
and the beach on the south. The total loss is
estlmsted at about 100000, of which more
than one-half is covered by insurance. No
lives were lost, and no one was severely in
jured. In 1869 almost the same section was
swept away by fire scarcely less destructive
than the present one.
PARDoNED.
Ex-Gov. Fletcher, of Missouri, who is
in Washington city, has secured uncondition-
al pardons' for Mr.. Henreiehhoffen, Bernard
Eagle, John L. Bernecker, A. NJ. Everst and
Henry Hardway. These five pardons dispose
of the last of the men who were convicted as
psrticipators in st. Louis whisky ring frauds
All others convicted for this offense have eth
er been pardoned or terms of Imprisonment
were to which they sentenced have expired
4 Ex-Gov. Fletcher, of Missouri, who is
in Washington city, has secured unconditional
pardons for Mr.. Henreichhoffen, Bernard
Eegle, John L. Bernecker, A. VI. Eyerst and
Henry Hardaway. These five pardons dis
pose of the last of the men who were convict
ed as participators in St. Louis whisky ring
frauds. All others CONVICTED for this offense
have either been pardoned or terms of impris
onment to which they were sentenced have
expired.
OPIUM swINDLE.
An investigation is nov in progress un'
der direction of the Secretary of the United
States Treasury into alleged manufacture in
New York and vicinity of prepared or smok
ins opium designed to supply the Chinese
trade OF the San Francisco market and prob
able importation by such Chinese manufacture
era of crnde opium below the required stand
ari of purity. 1t has been developed from
official and other sources, that a very large
revenue is cut off by this manufacture, and
to the government, resulting to the benefit Of
an alien class who escape taxation in most
other forms. This manufacture of crude
opium into opium prepared for smoking is
said to be also carried ON to a considerable eX
teri in San Francisco. The investigation was
ordered with a view of placing the business
of manufacturing under official surveillance
AMI subjeciing it to heavy taxation for the
purposes of restriction and revenue.
DISTRICT OF COLUMBIA FUNDING SCHEME
The commissioners of the District OF
Columbia, in their forthcoming report, will
propose new plan for funding all outstan6-
ing Indebtedness of the district. 1t contem-
plates a loan by the United States of fifty year
4 per cent. Jonds for this purpose. The Sc
curities taken in exchange are to be held as
collateral by the United States until the pro-
posed special issue to the district should have
been redeemed and cancelled. The total debt
pro posed TO be funded in United States per
CEN. bonds is S21, u.s., $50, including $l3. 743-
so Of 365 bonds, which is the total amount OF
them outstanding. The commissioners are
confident that by funding the debt as pro.
posed there will be saving of principal to
be paid at maturity amounting to s1453, S72,
and III the payment of interest a saving
$170,947. This saving of interest invested
yearly in per cent bonds at par would pay
off the entire debt in forty-four years.
casting the matter in an irritating way before
the public until our affairs had assumed q
peaceful aspect. At any rate this is what, &C
cording TO admirers of the Alabama arbitra-
ton, we might certainly have expected from
America The truth is that while the very
party with which the bargain was made still
holds Office in the Uuited States, the first OPP
portunity is seized to make point against us
just when it is reckoned that our difficulties
may force us to give way. Nothing else was
to be expected, and for our own part we are
inclined to thank Evarts for teaching our
couptrymen that nations generally are more
inclined to forego their advantages over one
another in the nineteenth century than in the
eighteenth, seventeenth, sixteenth or first.
Let sentimentalists blame Evarts, for he has
disappointed them, not us.