Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1878-02-01

acres Of land. the Northern Pacific for
tv.seven millions of acres. and the
Texas and Pacific only eighteen mil
lions of acres. No portion could the
letter receive until after il built Il thou
sand miles through Texas
TOM SCOTT
Thomas \, Scott, pre>idtu, ii tive
road then reviewed briefly the grounds
ON which government aid Was asked.
He said the government would alone
save 5000. 0oo yearly by the building
Of the aad, more than the entire
interest On the bonds il il never earned
4 cent morc. lftheir bill passed they
could simply sit Still, six Years and
during that time monoponzc the entire
traffic across the continent and tax il rs
enormously as they were doing now
without any action The Texas
Pacific company has spent
Sl6,000,O00 III good faith, and had ii not
been for the panic Of 1873 would have
had the whole line nearly completed hy
this time, and under the aid proposed
would complete ii 10y the year 1882.
Scott closed with n strong appeal to the
committee to look 1T the question, not
III the light Of technicalties, but on the
broad ground Of the interests Of the
whole country, and expressed his con
viction that every member
of congress who aided in
securing this great highway or the basis
ofjusticc to the people and the interest
of the government ~ competing line
between the two oceans, would iii after
years regard It ~ one Of the proudest
achievements of his political life.
The committee then adjourned till
Tuesday, when arguments Will he con-
eluded.
WEEKLY TREASURY STATEMENT,
The following is tile treasury state
ment for the week ending Jan 2Gth.
| 5. bonds 10 secure rational hank
circulation ss......-....,... $50 IN, o,,)
L 5. bonds to secure public deposits II, 6t3. eco
| s. bonds deposited for circulation,
wee, ending Today .....-... ....-.= 1851 ~
L. : 10 us held for circulation with.
drawn lurins week ...... .... 81 600
National bank circulation outstanding
g0d notes .... #4.. ... t82. f90
National bank circulation outstanding
currency notes ..... 8iq. $40. s.
nlrrua |, Venue ,....... ...e#. ", stA,U;
Cu-toulS .... ,..,t..5,.. ......,.ts. III, lla
Re epts of national bank notes for
wee, ended to das... -. .,..s. ,a3t. ooo
Same receipts corresponding week
1s11..,..... ...s......,...... ...,... $500 0
Receipts to-day ....#,...-.......,,,....@. ,h ONO
currency ....t,......... ..,..s...... 8, %, 5S2
Special fund ur redempu Il Of irac
tional currency ,...,...... .......... 1000, 900
Special deposit legal tenders for RI
dempton certificates of deposit .... ~ Gl5. 900
Coin. ..,...s ....... ...,...# al 5li, 500
Including coin certificates 4 t1j6 btD
Outstanding legal tenders q. ........ $40 go Is
TRAFFIC. IN TRADE DOLLARS.
Over IL million trade dollars have been
sent east from California the present
month for domestic circulation The
profit in shipping trade dollars 10 the
eastern states is per cent. Secretary
Sherman has the matter under consd-
Grafton and it is probable that trade
dollar coinage will for the time be Who'll
~ suspended, or the Philadelphia mint
he opened for the same coinage III or
der to place the eastern holders Of bull
lion upon M equality with the Pacific
coast.