The crisis. (Chillicothe, Livingston Co., Mo.) 1877-1878, 1878-01-24

the Central Pacific railroad company, of
Colorado, the same as to the Union Pacific,
and that the mutual duties, rights and re-
lations of said two companies, and Bur-
lington Il Missouri railroad company, and
the Sioux City & Pacific railroad company
shall be the same In all respects as those
Of said Central Pacific railroad company
and Union Pacific railroad company, and
said Kansas Pacific railway company as
provided in this act and the acts of which
this act is amendatory. The bill provides
that failure on the part Of any said COM
panies to comply with the terms or provis-
ions of this act and acts to which this act
is amendatory, shall work aforfeiturs of all
rights franchises and privileges of such
company, and the Attorney General is in
structed to proceed by a pro warranto"
against the company so violating.
The Four per Cent. Popular Loan.
The Secretary of the Treasury has
given notice that from the 26th inst, and
until further notice, he will receive sub
scription for the four per cent funded loan
of the United States in denominations as
stated below, at par and accrued interest in
coin. The bonds are redeemable after
thirty years from July 1st, 1877, and bear
interest payable quarterly on the first day
of January, April July and October of each
year, and are exempt from payment of tax
es or duties to the United States as well
as taxation in any form by or under State,
municipal or local authority. Subscriptions
may be made for coupon bonds Of $50, S10O,
$500. 81 600, and for the registered bonds of
$50, 500, $500, $1,000, 5000 and $4,000
Two per cent. of the purchase money must
accompany tho subscription, the remain
der may be paid at the pleasure of the
purchaser, either at the time of subscrp-
tion or thereafter, with interest on the
amount Of subscription at the rate Of per
cent. per annum to date of payment, Upon
receipt of full payment bonds will be trans
mitted free of charge to subscribers, and IL
commission of ono-fourth of one per cent.
will be allowed upon the amount of sub
scriptions, but no commission will be paid
spon any single subscription less than one
thousand dollars.
Texas Pacific.
The Texas Pacific railroad committee
introduced in the House. on the 21st bill
providing for trunk line to Vicksburg
with connection to st. Louis, Memphis and
New Orleans. A new feature of the bill Is
that the Memphis connection is to be made
by Memphis and Vicksburg down the Mlssis-
sippi valley, thereby avoiding the objection
raised by the Iron Mountain road to the
Memphis connection. 1t will provide fur
ther that the government issue grecnbacks
receivable for all dues except interest on
public debt, and allow $4,000 per mile to
the respective roads to be built. on bonds
of the roads payable in United States cur
rcncy in 50 years and bearing5 per cent
interest, secured by first mortgage on the
respective roads, and all their property and
earnings for sinking fund, to be invested
in U, s. bonds, to be held by tho Secretary
Of the Treasury to meet the bonds of said
roads.
Seeley's Statement.
An Amherst, Mass, dispatch says
President Seeley, OF Amherst college, who
when in Congress was Il member of the
Heuse committee on Indian affairs, pro-
nounces the proceedings of the late Board
of Inquiry into the Indian management a
gross injustice, which was procured by the
unscrupulous enemies of the Chief Clerk
Galpin.
Discontinued.
The office of Central Superintendent
of Indian Affairs, hitherto located at Law
renee, has been discontinued by order of
the President.
Wrecked.
The fishing schooner Little Kate is
reported lost with her entire crew of thir-
teen men. all of South Boston.