Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1878-05-01

Of military land-warrants IN Ohio,
Indiana, Illinois Missouri, Michi-
ean. Wisconsin, Minnesota, Iowa, Ne
Sraska, Kansas, Arkansas, Louisiana,
Alabama, Mississippi, Florida, Oregon,
Nevada, and Colorado, where the enab-
ling acts Of admission into the Union
contains stipulation for the payment
of 5 per cent. on sales of public lands.
The bill further provides that these
states shall receive certificates of in
debtedness from the secretary of the
treasury, payable in twenty years, with
interest at 1865 per cent.
THE PACIFIC RAILROAD FUNDING BILL.
The house judiciary committee to-day
decided, by majority Of one, to move
the reference of the Thurman Pacific
Railroad funding bill to that committee
when the measure is taken from the
speakers table for action. An attempt
will be made, however to pass the bill
without reference.
THE BANKRUPT LAW.
An associated press dispatch of the
oath, from Washington says the house
judiciary committee to-day reconsider
ed its former action instructing Repre-
sentative McMah0n, one of its mem.
beers, to move, when the senate bill re-
pealing the bankrupt law shall be
reached on the speakers table, that
it be put on. its passage, and
by a two-thirds vote, instructed him to
report substitute for the bill repeating
the involuntary proceedings immedi-
ately and repeating the voluntary pro-
ceedings after January 1, 1879. There
is quite change in the sentiment re-
garding the bill and the result in the
house is considered uncertain as to an
immediate repeal of the law.
THE NEW ORLEANS MINT.
Advices from Washington of the 23rd
inst. state that the house committee on
coinage has agreed to report favorably
to the house the senate bill to re-estab-
fish the New Orleans mint.
JOHN SHERMAN ON FINANCE.
Secretary Sherman says the bonds re-
Gently sold by him to the New York
syndicate are 43-per-cents for fifteen
years, and they were not sold at par.
but at l! per cent. and accruing inter-
est premium in gold coin. or an equiv
alent OF 1929 in currency, which was the
market rate for that day, and about the
equivalent of par for 4-per-cent. bonds.
The truth is that since the contract was
made we are selling per cent bonds very
rapidly, having sold 1851 $50 in ten
days, Or at the rate of over 100000 a
month, and this is one of the beneficial
effects of the contract, the result of
confidence inspired by it.
INDIAN APPROPRIATION BILL.
The house committee on appropria-
tons to-day completed the Indian ap-
preparation bill The total amount of
Its items is about $4,7OO,OOO, being
some $4,000 less than the total of the
bill last year. The present bill is
framed upon the same general basis,
ana contains no new legislation of i'm
portance.
ALLOTML. rs OE THE SUPREME BENCH,
Ihefollowing allotments have been
made of the chief justice and associate
Justices OF the supreme court: LIST cir
CUT Nathan Clifford, associate justice:
md circuit, Ward Hunt, associate JUS
tce; 90 circuit, VIM. Strong, associate
justice; 4th circuit, Morrison r. Waite,
chef justice; 9th circuit, Joseph P.
bradley, associate justice; 9th circuit,
Noah ID. Swayne, associate Justice;
1th circuit, John NJ. Harlan, associate
justice; Sth circuit, Samuel F. Miller,
associate justice: 9th circuit, Stephen
D. Field, associate justice.
LABOR AND ITS WAGES.
Washington advices of the 22d inst
STATE that the Secretary of State has
invited the Consular service to report
on the following subjects: First, price
Vi labor among laborers of all classes;
secor !, cost of living of laboring class
Is; tnlrd, comparison Of the present
cost OF living and rates of wages with
llat Tor the last ten years; foruth, the
cost OF produce and its market price;
lHlh, the amount of paper money in
circulation, and its relative value to
Sold and silver, together with its
fluctuations during as MANY wears as
can be accurately obtained, and the
.auses which have produced fluctua-
uon' The labor and greenback move
.heht IN the west, or what is known as
.he National party, is agitating ques-
IONS largely involved in these inquiries,
ana the Michigan representatives have
.hown wisdom In suggesting them to
one department of state, so that in the
coming campaign the facts may be
paced accurately and intelligently be-
lore the people.
THE SILVER DOLLARS.
:, since the passage of the silver bill
mere has been but little demand for
S me silver dollar, because Secretary
sherman will not exchange them for