The New York herald., 1878-03-09

NEW YORk
closing argument by counsel for the defence the
mittee adjourned until Monday next wnen they will
proceed TO prepare their report.
THE PACIFIC RAILROAD INDEBrEDNrss-FA-
voRABLE REPORT OF THE SENATE COMMIT
TEE ON SENATOR DoRsEY's BILL.
The Senate Committee Railroads to-day unani-
mousy agreed to recommend the passage OF the Dor
sey Pacific Railroad Sinking Fund BILL with certain
important amendments prepared by Senators Mitch
oil, Matthews, Dorsey. Ransom and Barnum, the
subcommittee In charge OF the subject. Tho
bill, as thus agreed to, Is amended by
the entire omission OF the section which
provided tor reconveyance OF II 900 600 of the
land grants 10 the government condition that the
sinking fund should credited therefor at the rate Of
81 25 per acre, and the section providing that the
Union Pacific and Central Pacific companies should DO
given the preference Tor government business is also
stricken out Tho main features of the amended bill
iollows-
All moneys due to these two companies on the lst
day OF next April for government transportation
TO form the nucleus OF the sinking fund.- the
amounts to be made equal (by payments II
necessary TO at least 10000 for each company.
They thereafter each to pay into the United
States Treasury sl.OoOoOo per year in somi-annual
payments until tho year 1900, when the bonds
Endorsed by the governments become dua Interest is
to be accumulated semiannually at the ratio OF six
per cent per year. upon all tho thus placed
the credit OF the sinking fund.- and these payments
to be in leu OF the requirements OF tho
present law as to tho annual payment OF five
per cent Of tho net earnings. and the
retention OF one.half OF the ngs for government
transportation. Tho balance found duo tho United
States by the companies in the 1900 is to be paid
in fifty equal sem-annua instaments, together with
interest the deferred ments ratio OF interest
which shall equal the then bcing paid by the gov
ernment on the majority OF its securities.
CONSULAR APPOINTMENTS ON THE BASIS OF
PROMOTION.
Nearly all the recent United States consular appoint
ments upon the basis of promotion. MI Shaw.
present Consul at Toronto Is prom oted to Man
chester England; Mr.. Webster, now commercial
agent, Is promoted to Toronto; Mr.. Branscomb, for
mer Consul at Manchester, Is nominated for Chin
Kiang and Mr. Eckstein former Consul at Victoria, is
nominated for Amsterdam.
THE PROJECTED RAILROAD FROM AUSTIN,
TEXAS, TO THE GULF OF CALIFORNIA.
The House Committee on Pacific Railroads to-day
heard X Owen, OF Pennsy ylvania In advocacy OF his
scheme of survey under control OF the War Depart
mont for railroad from Austin, Texas through
Chihuahua and Sonora, Mexico, TO Topolovampo Har-
Dor, the Cult OF California midway between Quay
mas and Mazatan. Tho committee subsequently
agreed recommend tho passage OF bill introduced
by Representative Ward, appropriating 800 600 tor
this purpose.
LABOR IN THE ARGENTINE REpUBILC-AMERI-
CANS ADVISED NOT TO GO THERE.
The United States Consul at Buenos Ayrcs In his
report on the Argentine Republic, says
have been in receipt ol frequent letters since
have been here asking for information to the
ditions and prospects OF labor in this country.
would not advise anyb body to come here with
view to bettcring his condition. They cannot
at present expect to find employment OF any kind.
Every variety Of manual and mechanical labor Is suf-
fering with general depression OF business and
adjustments requiring skilled labor reducing
rather increasing tho number OF their employees.
II persons will hero in search OF work
they should bring sufficient money with them to
pay their return expenses. Every few days the Con-
suate is visited by distressed Amercans, whp having
been induced TO come out here, have been sadly dis
appointed upon their arrival to find opportunity to
earn livelihood. Thus, finding themselves without
either to live here to return home, they bo
come objects OF charity and compassion