The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-11-07

Secretary declares that local legislation of this
sort might annul the provisions of the treaty,
which could not be permitted He claims
that the fishery rights are wholly free
from the restraints of local statutes
He asks a frank avowal or disavowal
by the British Government of the para
mount authority of provincial legislation, pref
acing that no arrangement involving such au-
thority has ever been consented t by the Gov
eminent, nor even would have been. Mr.
Eyarts plainly hints that nothing will be done
by our Government towards paying the Halifax
fishery award until this question of the New
foundland~ outrage is settled, and there is a
chance for first-class diplomatic row, with its
attendant excitements, unless the British Gov
eminent is willing to recede at once from it's
position
A Washington dispatch states that a
test of the validity of the Pacific Railroad Fund
ing law passed at the last session of Congress
is soon to be had. The refusal of the Central
Pacific to submit it's books for inspection con-
stitutes a violation of the law subjecting the
company to a fine of from 81 900 to S., 900, and
proceedings will be at once instituted by the
Government Auditor of Railroad Accounts.
The following letter in regard to the
condition of the treasury for specie resumption
| has been addressed by the Secretary of the
Treasury to Leroy H. Dodd, of Buchanan
| Mich:
SIR am in receipt of your letter of the Goth
| inst. making certain inquiries as to the condition
of the treasury for resumption, and the amount of
paper circulation per capita in this country and the
principal countries of Europe. In reply have to
inform you that on the 1st inst the coin balance of
the treasury was $239, 659646. The entire amount.
however, was not available for resumption pur-
poses, but subject to liabilities, as follows: H -
Interest due and unpaid $500. s. 9345. 2S9
Debt on which interest has ceased. .. 1884 $50
! Interest thereon. Observation-Disclosures. 373.5S5
Coin certificates, gold. ............. 1886, 900
| Coin certificates silver. ............ 1S4S,070
| Unclaimed interest .....,...... 9,547
Unmatured bonds called fol- resumption M5O0,OOO
Total OBSERVATION-DISCLOSURES. u, AZ ,1ol
Leaving for resumption purposes 134,23l 800
/ The coin receipts into the treasury will probably
exceed by considerable amount the coin payments
between and Jan. 1, 1879, so that at least the
| above balance will then be available for resump-
Il llOu purposes. LII SHOULD also pc DOTlle Ill n1uu
that meanwhile there is no probability of the en-
tire coin liabilities being presented for payment.
AS to the paper circulation of European coun-
tries this department has no information except
what can be obtained from publications open
to all. The London Economist of Sept. IA,
1875 the latest at hand, states the amount of the
| paper circulation of the banks of England, less
the amount retained in the banking department
of the Bank of England, to be e43966,9n sterling;
the circulation of the Bank of France, which alone
in France has authority to issue notes. to be on
Sept. e94. 710,O00 and that of the Imperial Bank
of Germany, on Sept. T. e30, 415000. 1T is under
stood that some country banks of Germany have
authority under certain restrictions to issue notes,
butt the amount issued is not stated in financial
publications, it is believed to be inconsderable.
Reducing these amounts to the currency of this
country the per capita of circulation appears to be
as follows: