The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1878-03-29
WASHINGTON.

WASHINGTON, March ga. report has
been submitted to the House committee
on banking and currency by the sub
committee, consisting of .Chittenden and
Ewing, which recently visited New York
City for the purpose of ascertaining the
present condition of the sub-treasury in
that city with regard to the amount OF
gold held there, belonging to the United
States government and to others. and with
a view of confering with cevtain financial
gentlemen regarding the practicability of
the proposed resumption of specie pay
ment on January Ist next year. The
following are the substantial points of the
report: The bankers were of the opinion
that resumption at the earliest practicable
moment was not only consistent with the
public welfare, but was of the greatest
importance to the best prosperity of the
country, also that resumption on the first
of January 1879 might be made practical
able and safe, if adequate measures should
be adopted, but all who expressed
themselves lon the subject. were agreed that
the plans of the secretary of the treasury
were inadequate, and that if he should
make an attempt to resume in January
under such circumstances as were likely
to exist at that time, the attempt would
most probably fall they were Of opinion
also that demonstration of silver had
seriously interfered with the probabilities
of resumption at the time fixed.
The house committee on judiciary held
meeting to-day on the subject of distribu
ting the remaining part of the Geneva
awards vote taken showed that insu-
rance companies would not be included in
the distribution. Al adjourned meeting
will be held Monday when it is expected
definite action will be taken.
The house Pacific r. K. committee have
practically agreed upon a bill with refer
ence to the pro-rate question; they de-
termiDed there should he three commits
sioners to fix the rates, the first set to
be named in bill; the details Of the bill are
to be perfected by the sub committee.
consisting Of Rice, Chalmers and Hewitt
of n. Y; the bill will be combination oil
those of Chalmers aud Rice; the part
giving power to commissioner TO take pos
session of the roads 10 case Of failure tC
comply with conditions imposed is stricken
out.
Singleton, from the committee Oh ap
propriations, reported bill appropriatinl
$4,000 for DEFICIENCIES in the miscelane-
Gus fund of the house; referred,
Eden, chairman of the committee on wal
claims, reported back bill approprlatinl
$4,000 for payment of claims reported
allowed by the commissioners of claims
passed.
Although nothing official can be obtain
ed upon the subject. the indications art
the currency balance as it will be shown Ii
the public debt statement, to be issuec
Monday next. will he less than million
dollars; the coin balance, including col
certificates, will probably appear some
where between hundred and thrty-fiv
and hundred and forty millions; tn
amount of additional circulation issued t
National banks for March is S96l $40
legal tender notes destroyed, eighty pc
cent Of the same $769,3l2
: Collector Brayton telegraphs for COluu
bias, G. that the revenue raiding force ha
returpeds from suceessfulsexpedition 0
, | the North Carolina boarder, having des
troyed eleven illicit distilleries, twenty-fv
thousand gallons of beer and mash, an
two hundred and sixty gallons of whisk!