Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-01-17
Washington
FEDERAL FINANCES

Press dispatches from Washington,
under date of the 18th, CLEAN from the
weekly treasury report that the treas
urE now holds 1916, ,106,650 in bonds
to secure national bank circulation,
and $13,738,OOO To secure public de
posits. Bonds deposited for circulation
for the week ending to-day, $260O00;
amount held for circulation withdrawn
for the week, $249,000 National
bank circulation standing-currency
notes, $320,410, $50; gold notes. 81 ,4332
100. Internal revenue for the week
ending to-day, $31 ,02S,478. Customs,
$34, ,769, ,056. National bank notes re-
ceived for redemption for the week
ending to-day, compared with the cor
responding week last year-1S77, So,
III 1000; 1873, $4,047 900. Receipts for
the week ending to-day, $S7S.00O; cur
rency, $3,280,5SO. Special fund for re-
demption of fractional currency, SO
100000. Special deposit of legal tenders
for redemption-in certificates of de
post, $34, 100000; coin, $129, ,429, ,712;
including coin certificates, $50, ,567 300.
Outstanding legal tenders, $349, ,943, ,776.
A PROPOSITION TO BEAT CHICAGO.
A letter was received at the general
land Office to-day making formal appIi-
cation for a survey by the government
of a portion of the old Fort Dearborn
military reservation as public land still
subject to entry, although it now en-
braces nearly all the business portion
OF Chicago south of the river. The APP
pilcatlon Is supposed to be based upon
the theory that the sale Of the greater
part of the 1T. Dearborn reservation by
the direction Of the secretary of war in
1887 was not authorized by the law of
1919, under which it was ordered. The
application comes from George Wolf, of
Freeport, Ill.,, for Louis Ahzendorff,
with view to locating valentine scrip
upon the lands. 1t is accompanied with
an enclosure of money to advance the
cost of the desired survey.
THE P0sTOFFICE DEPARTMENT ADVERTISING,
Postmaster General Key, to-day ad-
dressed a letter to Speaker Randall, in
vlting the attention of the house of the
need of a change in the law regulating
the price paid paid for government ad-
vertlslng. The postmaster general sug-
gests the law be amended, SO as allow
the payment of such prices as the de-
partment and various newspapers may
agree upon, not exceeding the regular
commercial rates. He also suggests
that IN case the department be not au-
thorized to pay any higher rates, the
| law be changed so as to relieve it from
the requirement of advertising the full
lists of routes and the miscellaneous
lettings, instead of which brief weekly
notices might be published in not exceed
ing ten papers IN each state or territory,
stating that proposals would be received
for carrying the mails between stated
points. but referring contractors to the
second assistant postmaster general for
all details
HAYES AND THE SILVER BILL.
Press dispatches from Washington
of the 10th say that from careful
inquiry of persons who are very
near the president, it can be
stated that there is no authority for
the assertion that the president will
sign the Bland bill if it passes. The
National Republican, in this city, and
other Eastern newspapers, have asserted
with positiveness within a day or two
that the president would not veto the
bill, but from statements made to-day,
which mast be considered as authorized,
it is safe to say that the president will
sign no bill which authorizes the pay
ment of the public debt in silver. The
president himself says nothing on the
subject of approving or disappearing the
bill, but his views are well known to his
cabinet officers, and some of them de-
clare, absolutely, that the Bland bill
cannot become law.
EXCEPT OVER A VETO.
Two of the Cabinet officers have said
that they were very certain that the
Bland bill could not pass over veto,
especially if the veto message should
indicate the character of the bill which
the President would be willing to sign.
| The President is understood to desire
to have silver bill passed with linn
tied legal-tender quality, and to be of
the opinion that silver may be utilized
! for coin in a great measure, but his
| theory of the Bland bill known.
absolutely to be that its passage
would both impair the obligations of
the United States and affect the national
credit.