Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1878-05-31
Washington.
THE BANKRUPT ACT.

i
of May 9th say the bill TO repeal the
bankrupt law, with the senate amend
ments, is now lying ON the speakers
table in the house. The registers Of
bankruptcy throughout the country are
taking great deal of interest in this bill,
and some of them are now irving
TO defeat it. The senate amend
mentS, which postpone the date until
the LIST of September, when the repeal
shall take effect, is understood to have
been suggested by them, and its adoption
secured through their efforts. Even
though the repeal takes effect 1T that
date, it will be several years in most of
the states before the proceedings already
commenced can he terminated.
INDIAN AGENCIES.
4 bill will he introduced in the house
in few days to reduce the number of
Indian reservations from thirty-SiN to
nine and the number of agents from
twenty to eight The number of
acres of land now occupied amounts
to nearly 22,0OO,0o0, and Will he
reduced to about 4,250,000, making Il
reduction in area of nearly 1S,000,000
acres. OF this land there will be 49,
100000 acres restored to market, lcav-
ing to be sold in trust for the Indians
nearly 100000 acres. In WASHINGTON
territory, 3,457 Indians will be
consolidated ut Colville, 200 ut Neuh
Bay; 1000 will take homestcads; 5000
will go to Puyalup. In Oregon, 5000
will take homesteads, 1850 will he con-
soidatcd ut Grande Ronds, and 5000 1T
Gocohoma The 1920 Utes in Colorado
will be sent to Indian Territory. In
Minnesota 5000 will be settled ut
White Earth. In Wisconsin 3,200will
be placed At Ia Point. Two agencies
III Iowa and Nebraska will be broken
up and the Indians removed to an es-
tablished agency in Indian Territory.
fhere will be great resistance to the
carrying out of these changes, and it is
not ut all probable that they will be ac-
complished
AND VET THERE Is HOPE.
Washington advices under date of
May 9th state that the house COM
mittee on appropriations will report
early this week the two remaining
general appropriation hills , namely,
sundry civil expenses and deficiency.
! The army bill may consume one or
two days moro before its passage. It's
not believed any of the railroad bills or
traffic bills can pass both houses during
the present session Not u few men,
bers are hopeful of IN adjournment by
! the end of June ard are working to
that end. The Potter investigation
committee wouldnot interfere With such
result rs il has power to sit during re-
cess.
ROND SCHEME,
Washington adrices under date of
May Goth, state that Representative
Phillips will at the first opportuni-
ty introduce in the house and ask i'm
mediate action upon the same. i bill
substitute for the pending bill declaring
the contract between the secretary of
the treasury and syndicate for the sale
of the 4! per cent. bonds Of the United
States to be contrary to law. The full
text Of the bill is rs follows:
Belt enacted, dc, That all the ,ales of
bonds Of the United States. except for
purposes Of refunding the debt us now
provided for by law, is hereby pro.
hibitcd and for purposes Of refunding
the debt at lower rate Of interest
public subscription books shall
be kept open at the treasury Of the
! United States and sub-treasuries there
Of; and should it be necessary for the
secretary of the treasury to effect amy
sale or sales of bonds authorized To be
held by law, lie shall only do so on sale
or contract made to the lowest bidder
or bidders, due notice thereof being Civ
en- by publication.
ALEX. STEPHENS.
Alex. III. Stephens announces himself
candidate for reelection from the
Augusta, Ga, district.
TREASURY STATEMENT.
circulation. ...s............... y3lS. sqi. $50
Bonds to secure public deposits. ~, So. 0c0
/ t. $. bonds deposited for circulation
week ending to-day ......,.ss# ,... i.Oo0, OD
4 T., $. bonds held for circulation with.
drawn week ending to-day as, 800
| National bank circulation outstanding
currency notes -......,...,....... ~! Gs3. ~
Gold notes ...y...... .....s....., !. iJ2, 100
1 Internal receipts tOdaI..... ...4.s... BOG, CAS-
4 Customs. ....@ ..... RS 2fg
Bank notes received FOR redemption
Tor week ending to-day 81. .1..ss... 5.Si1, 90
| Corresponding week Of 1871 q III. DD
/ Receipts to-day. Observation-Disclosures. g27 600
THE ELECTORAL sYSTEM.
Washington advices under date OF
May 10Th state that Senator Edmunds,
Of Vermont has submitted to the senate
a new plan agreed upon by the senate
committee for counting the electoral
vote It differs from the existing law
in that i provides that each
state shall determine ~ law for the iri-
al and determination Of any controy-
ersy concerning the appointment Of it
IpIagtorS and steb differentiation, eball