The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-02-14
THE NATIONAL CAPITAL.
THE TARIFF AND THE CURRENCY
Bills
Probability that the Former will not
Pass the House-A New Ffnnn.
eiaI Measure by which el5.-
OOO, 900 are 10 be Saved
Annually.
PODular Loan Bill. I

Popular Loan Btii.l
WASHINGTON, February lS.-The bill
introduced IN the Senate BY Mr.. ingalls,
TO promote the deposit of savings id the
popular loan, etc is copy OF the bill
introduced by Mr.. Phillips in the House
on the lst inst.
The Tariff Bill.
As to the proposed revision of the
tariff, there is no doubt but that the
Ways and Means Committee will repor,
the same bill to the House. 1t is quite
doubtful, however, if it ever gets through
it, because there are so many conflicting
interests TO protect that if sll the mem.
bers who represent mining and msnufac-
turing industries have the same
taken care of in the bill, it will
amount TO little more thsa log-rolling
Job, and Fernando Wood will be likely
to do what Schenck did under similar
circumstsnces-mov to lay his own tariff
bill on the table. Even il the present
Congress had an honest intention Of re-
forming the existing tariff, it will hardly
have time to accomplish it, in view OF
the important financial legislation which
IS bound to occupy the attention OF both
Houses, in sntagonism TO other legisls-
tion, save indeed the regular annual sp.
preparation bill.
The Currency Bill.
A new bill has been prepared by
Messrs. Buckner, Ewing and Phillips, Of
the Banking and Currency Committee,
as substitute for Judge Buckner's bill,
to substitute Treasury notes Tor National
Bank notes. 1t has been privately
printed for the convenience OF mem bers,
and will be acted upon by the COM
mittee to morrow. II meets with the
approval OF sll the green back members
OF the committee except the feature OF
the bill which denies TO the Treasury
note the character OF legal tender
tor private debts, which is objected
to by Yeats, Phillips, Ewing, and perhaps
others of the committee. An attempt
will be mace in the committee 20 make
the new issue full legal tender, but is is
doubtful whether q majority will favor
the proposition, as there are several men,
bers of the committee and more OF the
House who favor the substitution OF
Treasury notes for bank notes, but doubt
the pJwer of Congress to au' hOriZe the
issue of legal tender NOES IN time of
peace. The new bill has precisely the
same objects as are aimed 81 by the
original Buckner bill, but has q differ.
ent and better method OF substitution, de.
signed 10 avoid as far as possible all shock
to business In doing it. /. provides that
new Treasury notes shall b. issued and
placed with Assistant Tressurers, who
are required to pay them out in place CT
National Bank notes received for public
dues, or 10 exchange them for National
Bank notes, until all bank notes are thus
taken up. These bank notes are 10 be
sent TO the Treasury for destruction as
last as received. Whenever 5000 OF
notes OF any one bank are thus received
and destroyed the Secretary Is 10 notify
the bank 10 pay $1,000 in Treasury notes
or legal tender, which beng done, the
bank can withdraw that prOpOrtioa Of
its bonds. II the bank neglects for thirty
days TO respond, interest on so much OF
lis bonds is stopped. Any bank want
ing 10 withdraw its bonds in q
body can do so on deposting the
amount of its circulation IN
legal tenders or Treasury notes, or II can
sell its six per cent. bonds 20 the Treasu-
~ for Treasury notes st their market
value, less the amount Of it's bank circu
lsEion. Banks are 10 be permitted 70
make al payments 10 the Treasury
any sub Treasury or any Des-
ignsted Depository. or TO any National
banks named by tho Secretary for the
purpose. As banks make payments 10
redeem their bonds, the proceeds are 70
be used in the purchase Of six per cent.
bonds for cancellation. The amount Of
issue Of Treasury notes is 10 be just the
amount OF bank notes outstanding OF
the lst OF February-thst l., about $500
10000. The result will be TO retire
and cancel about that amount OF Elk per
cent. bonds, which will save 10 the
people every year over sl6,OoO.OO0,
after making due allowance for the tar
on bank circulation.
List ofsuece~.fuI Claimants.
In the bill which psssed the House on
Friday, 10 pay certain claims allowed by
the accounting officers Of the Treasury
are the following clsIms due citizens OF
West Virginia.
Mineral County-Jos Arnold 1922 20;
Fielding a. Bsrnhouse, Sl20i John T.
Dayton, S439.
Hardy County-L. F. Brsnson, &l,07s.
Putnam County-MsrthA Brown, sd.
OF the estate Of Alfred
Brown. deceased, $sl7 20.
Jefferson County-Georgs w. Cock
rell, 1915; Jas. w. Engle, executor
Of the last will and testament Of
Jth7 Engle. deceased, sS3s 90; Charles
Langd q, 500; John A. Thomson, &C..
$50; John A. Thompson (,uppIsmentsl). J.
SlO9; Helen Welcome, sdministrsiIr VI
the estate Of John Welcome, deceased,
s275.
Wyoming County-lsAac Cook, sl62-
30.
Boone County-Peter Price, S505.
Jackson County-C. II. PrOgIer, tl4.
o..
Kanawhs Co1nty-Frsncis A. Settle,
$57l II; Abel +. SinLett, S2,653.
Hampshire Couuty-G. r. Sims. sd-
Of the eTiats Of William
b sl-y, deceased, 500.
PocAhontsB CoUnIY-WilliEn Sharp,
Sl5s; N d. Dunlap, $3.50.
Lewis COutiy-Gsbrfc. COrley. SlzO.
HARRISON COQaiy-Yrstcss DAVIS, Sl26.
Berkeley Coupiy-DsYid Beck, $50;
Rober. Lsmen, tei22i.
Green brer COgliy-AhE. knight,
sZ72bO; Wm. l. Peitig, $lSi
Barbour County-JonALhsn jenkins,
500.
Cstell C0unty-E =. Malcolm, 500.
wnoIs Family Baraed Co Death.
ST. JoHss, y. B. February IA.
WieEham, Sunday night, . house be.