The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-01-22
Washington.

REILLY: OF THE LOUISVILLE TOBACCO TRADE
TO AiR. L0RILLARD's TALKING PARTNER
THE TEXAs-PACIFIC-PENsIO OF VETERANS
OF THE WAR OF 1S12-THE FREEDMAN's
Observation-Disclosures MARSHALS, &C.
From Our Regular Correspondent ~:
WASHINGTON, January 2l.-Mr. Welsh
singer, for the Louisville Tobacco Board Of
Trade, this morning submitted to Messrs.
Tucker and Burchard reply to Mr.. Loril-
lard's talking partner. He said that the
present tax OF "a cents per pound is trade
destroying, and that with reduction to II
cents the price OF leaf will be enhanced, for
during the past year, on account OF the tax.
4,S20 dealers have ceased to handle tobacco
under the law. During the same period, ac-
cording to the Commissioners report, there
has been falling off OF 12a per cent. Of the to-
bacco manufacturers, and no other business
shows a like depletion. How Mr.. Loril-
lard's partner could, with these facts before
him, declare that the tobacco business is in
healthy condition surpassed his compre-
tension. he quoted from a speech made
by the same party to New York tobacco
men last week when organizing an oppose
ton to the proposed reduction, when he
said: "If you reduce the rate you invite q
host OF competitors from every source; and
in the State of Virginia in less than one
year you will have one hundred new small
factories in the plug-tobacco line where
forty or fifty exist to-day"
In commenting on this Mr.. Weissinger
said it's the greed Of capital, the unblushing
demands Of the money power, which presses
on Congress to 50 legislate as to make the
rich richer and the poor poorer. He gave
figures to show that reduction OF the rate
Of tax does not involve reduction in the
revenue. and that high tax suits the pro-
Queer more than any one else. The Com
missioner, said Mr.. Weissinger, ought to
have added to his report that the high tax was
the only barrier in the way. OF a more active
increase in consumption. II the tax were
reduced to twelve cents he was sure, from
all presidents, that the Government would
collect tax on two pounds where it now
collects a tax on one.
THE TExAs-PACIFIC RAILROAD.
The railroad magnates will be here in full
force this week, and on. Thursday full
discussion OF the Texas-Facifc railroad
question will commence before the House
Committee on Pacific. Railroads. Major
Bond and Governor Brown, yice-presidents
of the Texas Pacific, will represent that
scheme before the committee. Secretary
Schurz recently requested President Scott
to give him detailed information in regard
to the proposition for southern line to the
Pacific !; and to this Governor Brown, OF
Tennessee, one of the ice-presidents, re-
piled. In his letter he showed that the Cal
ifornia Southern Pacific has no franchises
outside of California. This was an impor-
tant fact for the TeXas-Pacitic. Mr.. Chal-
mers, of Mississippi, who is friend Of the
TeXas-Pacitic, to-day in the House intro.
duced bill for trunk-line to Vicksburg,
with connecting lines to New Orleans, ST..
Louis, and Memphis. ~.
THE VETERANS OF 1872.
Senator NYithers is ready to report to the
full committee Of the Senate q bill in regard
to the pensions of veterans OF the war OF
1912, and the indications are that the COM
mittec will adopt the subcommittee views.
TIE bill gives pension to all who served
fourteen days instead OF sixty days, as the
law now requires. 1t restores to the pen
slon-list all left off on account Of disloyalty.
The old law embraced only the widows oil
those who married soldiers Of 1872 prior 10
1915. Senator Withers's bill includes the
widows OF those who married up to 1850
Judge Harris is sure the House committee
will report the same changes.
THE FREEDMAN's BANK.
Parson Derrick has been here since Fri
day with petition, asking Congress te
take the property now held by the commits
sioners OF the Freedm ans Bank, and TURF
| over the proceeds of the sale OF the same to
the United States Treasury; then that an
act be passed to make good the losses Of de-
positors. Senator Dawes, Of Massachusetts
to-day introduced bill for the purchase O.
the property by the Government, but no
for relmbursing depositors. This bill vii
give another 20 per cent. to depositors.
Parson Derrick left for Richmond las
night. ,-,.,.s.s:
THE SILVER BILL.
A prolonged session was certain to-day
and the Senate seemed to be prepared TO-
it, for when Dir. Jones, OF Florida, at bali
| q !, "A ,ooohod tba middle nf his sDeecl