The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1878-04-11
lNlRht Associated rre@ lleportl

on pensions,
lNlght Associated rrem lleport,l
Il IN o0naidorcd that the bill which
passed the senate yesterday IN miss
chievous Ia the rcappct that II deprivea
the ownere OF the Central aud Union
Pacific railroads, obligations OF any
realty, M congress may NJ any time
Issue nh emancipation proclamation
which makes lts stocks aud franchises
valuelesa, The managers OF the road
do not caro- what terms are exaoted
from them, provided the bargain IL
closed.
The Star says Secretary sherman In
Tor Anderson for collector at New Or,
leans, aud tho rest OF tho cabinet are
supposed to favor Packard, The presl.
dent has not indicated In the sllghteat
the direction In which he leans.
The banking and currency commits
tee will report bill forbidding tho
coinage OF twenty cents silver pieces.
The committee on ways aud means
voted TO retain the income features OF
the revenue bill.
CONTRIBUTIONS - Adamson, consul
general to Rio Janeiro; Dawson, con
sui to the Samoan Islands; Rowland,
collector OF oustoma at Fernandlna,
Fla.
The senate bill for the relief OF Mo
Bunny, collector of tho second Georgia
district, passed. During the discussion,
Mr.. Davis, OF West Virginia, claimed
that defalcatlons OF internal revenue
collectors aggregated fifty million dol.
lars.
The repeal OF the bankrupt act occu-
pied the day,
(. The yeas in the committee on ways
and means for reviving the income tax
were Tucker (Va.), Robbins IN. C),
Harris (Ga,), Burohard (lll.), Gibson
(La). Nays-Wood IN. W, Banks
(Mass.), Kelly (Pa,), Phelps Conn. J.
A joint caucus OF republican sena.
tors and representatives Is progressing
to. might.
The house discussed the bill abolish.
Ing pension agencies without action.
NEW YORK, April 10.--sjecretary
Sherman made visit to the First Ma.
tionsl bank, where he discussed the
condition OF the bond market, with
special reference to four per cents. He
said the treasury department would be
able to resume specie payments at the
date fixed by law OF 1876, and he ex.
pressed desire that the banks Of prin-
cipal cities should aid him in every
reasonable way,
A conference was held with few OF
the presidents OF Eeveral OF the Nation
al banks In this city at the Bank OF
Commerce. Among those present
were Secretary Sherman, Mr.. Babcock,
his private secretary, Attorney Gener-
al Deyens, General Willhouse, OF the
sub. treasury; Presidents Phil. G. CAL
houn, Fourth National bank; George
Sieve, American Exchange bank; Rob
ert II. Lowry, Bank of Republic; Geo
Senly, Metropolitan bank; b. b. New
man, Mechanics bank; Fred ]. Tap'
pan, Gallatin bank; Henry Vail, Bank
of Commerce and Jacob d. Vennylee
Merchants bank. The conference
lasted about an hour and strict secrecy
was epjoined upon all present.
Secretary Sherman declined to im
part any information, saying that ne
conclusion had been reached, and tina
when something OF more definite
character was accomplished he would
then make known the results. BY
other persons present 1t was stated
that Secretary Sherman announced
that the president solicited a confer
ence with bank presidents Of this city
with view Of securing their activ,
cooperation In resuming specie pay
ments q. an early date, and that h
referred to the amount on hand ant
stated that he was endeavoribg TO dis
pose of one hundred million dollar
of four and one.half per cents, will
accrued interest, at 1O5; or he woul'
sell four per cents at par, with one-hal
per cent. commission. His PROPOSE
ton, IL is stated, was that the bank
should agree to purchase the latte
securities to the extent OF one Lundre
miilioR dollars, TO be delivered In IL