The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-18
WASHINGTON.

CENT PIECES TO BE CoINED-LiFE INsUR-
ANCE FOR NAVAL OFFICERS--THE ELECTORAL.
.COUNT-THE HOUSE FILIBUSTERISG ON THE
MOTION TO ADJOURN SINE DIE-THE TEXAS
PACIFIC, &C., &C.
from Our Regular Correspondent
WASHINGTON, April 1.-THE Senate FL
mace Committee reported the bill to-day
containing the features / telegraphed last
night, and there is considerable disappoint-
ment that it did not provide for stopping
contraction on the 1st Of July instead of the
1st OF October. A few days ago Mr.. Here
ford introduced q copy uf the House bill
repeating the resumption act, which went
upon the calendar without reference to n
committee, and this he will press as a
competing proposition to the commit
tees bill. After lIcssrs. Allison and
Ferry receded from the position they took
on Friday there was nothing else to be done
By Messrs. Wallace and VOORHEES, but to ac-
cept the bill that was reported, because it
was the best they could get. There are
senators who contend that under the re-
sumption act there is no power to reissue
grccnbacks redeemed by the Treasury, but
Mr.. Sherman believes he has this right, and
will exercise it.
THE BANKERS AND RESUMPTION.
Late last night the House Banking and
Currency Committee held a meeting and
heard Messrs. Colgate and Winder, Of New
York-thc former one Of the heaviest Anne
rican bullion-dealers. Mr.. Colgate thought
the present condition Of affairs highly IA
yorab'e for Mr.. Sherman's plan Of rcsump-
ton; but il he makes the experiment and
fails then Mr.. Colgate thought it would
bring more disaster to our productive in
dustries than anything that could happen.
He believed il there is a war, in Europe
there is bound to be drain on American
gold because we are indebted to those
across the ocean, and this will Interfere
with Mr.. Sherman's calculations. In his
opinion, the only basis for real re-
sumption is for the Government to have q
dollar in specie for every dollar OF its out
standing bonds and grcenbacks. Mr.. Win
der was OF the opinion that foreign men,
bers Of tue syndicate furnished money for
the purpose OF defeating the silver bill, and
that Mr.. Sherman's views in regard to re-
sumption are inspired By these same par
ties. In his judgment the worst thing that
could happen for the country would be for
the resumption act to so into effect next
January. lie advanced the theory, aud ar
gued ingeniously to maintain it, that it would
benefit the people for the price OF gold to
advance. There WAS no meeting OF this
committee to-day. but other bai1kingSmeli
will be heard.
PAY FOR A SOUTHERN METHODIST CHURCH.
The Senate Committee on Claims to-day
directed Mr.. Hereford to report fayorably q
bill appropriating $4,000 in payment for a
Southern Methodist church destroyed at
Charleston, West Virginia, during the war,
by command OF General Leyburn, Of the
United States army.
TIE WAYS AND MEANS COMMITTEE TODAY.
There were nine members Of this COM
mittee present to-day, and the session was
consumed in discussing the income tax,
and the subject will be presumed morrow.
Petitions from the North continue to pour
in against it. One from Philadelphia con-
tains paper signed by William NJ. Evarts
in 1871, in which he declares-tirst, that an
income tax is. impoiitic; second, that it is
unjust third, that fair collection OF it is
impossible; and fourth, that it Is unconsti-
tutional unless apporti oned according to
population; and yet the advocates OF the
tax quote the decision OF the Pacific In
surauec Company rs. Soule reported in
7th Wallace) to show that in 1868 the SUI
preme Court held an opposite opinion, and
that Mr.. Evarts represented the Govern
ment in that very case.
THE TwENTY-CENT PIECE.
| The House to-day passed the bill STOP
ping the coinage Of the twenty-cent pieces,
| whose resemblance to the American quar-
ter would deceive the ticket agent-o of cir.
Gus. Not many of these pieces were ship.
ped to Richmond.
THE NAVAL LIFE-INSURANCE BILL.
Mr.. Goodies bill for the establishment Of
a life-insurance system for the benefit OF the
families Of naval and marine officers, which
was agreed upon yesterday by the Nave
Committee, authorizes the Secretary OF The
| Navy, in accordance with the rules OF NOR.
tality, to insure the lives OF the officers
named, deducting the rates from their pay
monthly. There are to be no conditions
but as soon as it is ascertained that M
officer is dead his family will receive the
amount it is entitled to. The passage Of
the bill is urged on the ground that it vii
give cheap and certain system of life
insurance.
THE RESERVES OF THE BANKS.
The House Banking and Currency Com
mittee to-day reported n bill in regard to
the reserves Of the national banks, which
provides that these banks may sell their
legal tenders held as reserves and invest the
same in Government bonds not bearing
higher rate Of interest than four per cent
And these bonds shall be regarded as the
reserve required by law.
THE ELECTORAL COUNT.
The House and Senate committees on the
electoral questions have at last had con.
ference, but did nothing beyond eXchang.
ing views. The two committees have SO
far agreed upon General Hunton's plan,
published by the Dispatch, only the House
committee puts it in q constitutional amend
| ment and the Senate committee in bill.
BAD DEMOCRATIC MANAGEMENT.
4 #ss. .