The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1878-02-07
CURRENT NEWS.
WASHINGTON.

az WASHINGTON.
Arrangements have been made by the
secretary of the Treasury to receive in pay.
ment ofsubseription to the per cent. loan,
coin or currency checks drawn on banks or
bankers in New York. Currency cheeks
VIII be converted into coin at currency rates,
withoutexpense 20 the owner, and the ex-
cess over the amount due on subscription
will be returned to subscribers. similar
arrangements for collecting drafts win be
made, il found necessary, In ether cities
having sub-treasury Offices.
Capt. James b. RAIDS has been appointed
by the President one Of the Honorary CNtas
missioners 10 the PARTS Exposition,
Hon. J. w Poster Mmisssg H. MeNWo,
has arrived in Washington. Whese he WAS
summoned 20 tssllt hefepv she Venstvs-
sional Committee,
The II Western States, iaolaahag Missouri,
gave s. votes Tor the Matthews silver rrSo.
luton and 5 against Ii. Tho 10 southern
States gaze 5 votes Tor the silver resolution
and against 1t. The nine Eastern States
voted 81 for, and IS against the resolution.
The three Pacific States voted for and ,
against.
The Secretary Of the Treasury desires that
all drafts sent him in payment of the per
cent. loan be drawn payable to his order;
otherwise they can not be received.
The public debt statement for Feb. l
makes the following exhibit: Total debt,
$2,l9S,O2s,Ol1; total intsTest, % 429, 1874; to-
tai coin bonds, 81, 726, 933, 100; legal tenders,
S349, 1881; cash in Treasury, Sl7l ,1GS, 4T9;
decrease Of debt during January, 81 sos, O76.
The Commissioners of the Freedmen's
Savings and Trust Company have declared
dividend Of 10 per cent, payments to COM
mence March 20. ID. .f
Two thousand inmates Of an asylum for
women and children at Tiensing, China, lost
their lives by the burning Of the Institution.
Representative Phillips's bill to provide
for the funding of the savings Of the people
in the popular loan, and TO make it inter
convertible, provides for receiving savings
at postal savings-banks, from % cents up
ward, and when the sum Of $40 has accumu-
lated on any account, postal money -ordeI
is to be issued, which may be placed in 3
$50 bond, interest payable quarterly, which
bond Is, at option, recoverable into legal
tenders. The bond to be issued III postal
orders in denominations of $40, $40, so
and 500, by the Treasury of the United
States. 70 DIE 'l'.'t
Justice Bradley, of the United States SUI
preme Court, decided adversely upon the APP
plication of the Louisiana Returning Board,
requesting that their trial be transferred
from the State TO the United States Circuit
Court, claiming as a reason for the change
they can not secure their equal civil rights
under the State Circuit. E
The bill for the improvement of the Mis-
sissippi River, prepared in accordance with
the memorial. OF the st. Paul Convention and
introduced in the House by Mr.. Knapp Of
Illinois, provides for the appropriation of
S6l7 200 TO secure depth of five feet from
st. Paul to the Des Moines Rapids; S3SO,0OO
for improvements thence to the mouth Of
Illinois River; 100000 for securing a depth
of eight feet thence to the mouth Of
the Ohio, and 100000 for 10 feet thence
to New Orleans. The bill directs
that the most serious obstacles to
navigation shall receive attention first and
those Of less importance subsequently. The
system of improvements proposed is on the
plan Of The United States Engineers, involv-
ing bikes and movable dams. Inasmuch as
it was found impracticable TO secure the APP
pointment of a special committee to take
charge of the bill, it was placed in the hands
of the Committee on Commerce, who are
said to be friendly to the measure.
The President has nominated Joseph w.
Huston, United States Attorney for the
Territory of Idaho; Thos. Adamson, Of
Pennsylvania, Consul General at Rio de
Janeiro; Ernest L. Oppenheim, OF New
York, United States Consul at Gutenberg;
Edward Wheeler, Collector Internal Reve-
nue., Arkansas.
The House Committee on Pacific Rail-
roads have agreed to report bill extending
for 10 years the time of completion of the
North Pacific Railroad. The bill reduces the
land grant in Washington Territory, taking
away such portion Of land as was hereto
fore embraced in the appropriation for the
construction of the road from Pend d'Ori-
ellie to Puget Sound.
The vote inthe House on the 4th upon the
motion of Mr.. Mcmahon to suspend the
rules and adopt a resolution instructing the
Committee on Ways and Means to report
bill at the earliest practicable moment, i'm
posing graduated tax on incomes, shows
that large majority of the members are in
favor of such measure, although the neces-
sary twO-thirds were wanting-l65 to SS-to
order suspension of the rules. Inasmuch
as the Ways and Means Committee stand
six to five in favor of an income tax, it is not
unlikely that such a measure may be put
through in the regular course Of legislation
during the present session. The Southern
members voted almost unanimously in favor
of Mr.. McMahon's resolution, and large
majority OF the Western members are also
on record in the affirmative.