The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-03-05
WASHINGTON.

NASHANV1VNs
WAsH1soroS, March 4.-The bill re
ported from the Senate Judiciary Com
mittee today, providing for the creation
Of sinking fund to liqnidate the princi
pal and interest OF the Pacific Railroad
bonds, endorsed by the United States, Il
the measure originally introduced by Sen
ator Thurman. It was amended so an tc
confne its operations 10 the Union Pacific
and Central Pacific Indebtedness, and to
embody the following proposition: "The
net earning are 10 be ascertained by de-
ducling from the gross earnings the ex'
penses Of operating and keeping the
roads in repair, and also the payments
for the interest on the first mortgage
bondS, but no deduction shall be made on
account Of the payments Of the interest on
other Indebtedness. The Treasury De.
partment is to retain the total amounts
earned from time to time for the Govern.
ment transportation; one.half Of these
amounts are to be forthwith applied to
the liquidation OF the amounts paid, or
10 be paid by the government for the in.
terest on the companies bonds, and the
other half is TO be placed to the credit OF
the proposed sinking fund. Five per
centum Of the net earnings, as above de.
fined. are TO be paid into the Treasury Of
the United States semi.annually, TO be
placed to the credit Of the sinking, and
in addition to the foregoing sums the
companies are to pay into the Treasury
OF the United States, in semi.annual
payments, not less than SS50,0OO each
year for the Union Pacific and 81 ,2OO,-
900 for the Central Pacific Company"
The act is TO take effect on the lat Of
June next.
TUE TARIFF.
The House Committee on Ways and
Means to-day increased the rate on laces
OF whatever material composed from 20
10 40 per cent and decreased shelled al.
monds from 10 TO l2 cents per pound.
MisTAGE FACILITIES WANTED.
Al a meeting OF the House Committee
on Coinage, Weights aud Measure, to.
day, the following resolution was unani.
monsly agreed to:
Resolred, That in view OF the increasing
OF coinage it is the sense OF this commit.
tee that there should be an increase in
mintage facilities.
1t was also agreed that subcommittee
Of six, in April next shall proceed TO the
several points from which petitions have
been received for the establishment OF
branch mints, namely, Charlotte, N. c.,
New Orleans, st. Louis, Denver. Helena,
Chicago, Quincy, ILL.,, and Cincinnati, and
upon their return submit report Of the
investigation TO the full committee.
SILVER BULLION.
The following ia the full text Of the
bill introduced to-day by Senator Cock.
rill to authorize the deposit Of all.
yer bullion or bars and TO issue cerliii-
Gates therefor:
Be ii enacted, &C., that the Secretary
Is hereby authorized and directed to re.
ceive deposits Of silver bullion or bars
with the Treasurer or any Assistant
Treasurer OF the United States, in sums
Of not less than twenty dollars, estimating
4l21 grains, troy weight, standard sill.
yer TO the dollar, and 10 issue certificates
therefor in denominations Of not less than
twenty dollars each, corresponding with
the denominations OF United States notes;
and such certificates shall be In the form
Of the certificates now authorized and
issued for gold bullion, and shall be pay.
able to the depositor or bearer, aud shall
I've receivable at par in payment for du.
ties on imports, tax and all public dues,
and shall be payable by the Treasurer or
any Assistant Treasurer OF the United
States on demand. in silver dollars or u.
S. notes, and when so paid such bullion
shall become the property Of the United
States.
IMPORTS AND EXPORTS.
The Chief OF the Bureau Of Statistics
has prepared q astatement showing by Gus
toms districts the imports and exports
during January and for seyen months Of
the current fiscal year, from which itap-
pears that the exports Of merchandise
exceed the imports during January by
SS3l5, ,9O7, and in seven months by $685..
6VV,l
THE NEW CONTROLLER.
Hon. Albert Gallatin Porter, who was
to-day nominated by the President for
First Comptroller Of the Treasury, Ia one
OF THE most prominent lawyers Of ludi-
annapolis, and represented that diatrict in
the seth and 37th Congresses, in which he
served on the Judiciary Committee. He
retired from politics after this service
and devoted himself to his legal practice
and TO the management Of his own large
property.
The charge for parting silver at the
San Francisco mint has been reduced by
the Treasury Department from q cents
10 9 cents per ounce.