Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-06-07
Correspondence Of the Gold hin Daily ssvs,l
wAsHrSoro,

nns-Heners 90 the brave.
Correspondence Of the Gold Hill Daily ssvs,l
WASHINGTON. May 81. 1879.
The complaint has bean made in vari.
Gus quarters thst the sale Of rsfunding
certificates has BEEN and 10 . most dan.
gsrous contraction Of the currency OF
the country, and that the Treasury 10
locking up the grssnback circulation to
the great detrimsnt Of business. This
complaint would to b groundlsss
when the facts are known. While the
Treasury il getting in money for osrtih-
Gates. it is paying It out in the rsdemp-
ton OF called bonds. Care Ii taken not
to call upon the banks for the payment
Of their subscriptions to the four per
cent. loan, which ars really due ct the
option Of the Treasury Immediately after
the subscription il made. ~ long a. the
proceeds OF rsfunding certificates fur
NAH means to redeem called bonds. II
In simply an income Of money from GER
tifcates and an outgo in redesming
called bonds. For example,, It may DO
stated that on the LIST Of April. the date
of issuing the certificates, thers wa held
in the Treasury 81. 900. 900 proceeds Of
the sale OF four per cent. bonds. held to
meet called bonds whom presented Tor
redemption. To-day thero IL In the
Treasury but sl4, 000. 900 derived from
the sale both OF four per cent. bonds
and rsfunding csrtifcatss-a less amount
than on the date OF the issue OF certih-
Gates. Since the 18th instant there has
been paid ont 81. 900. 900 In the re-
dsmption Of called bonds, which IL fully
equal to the sales from rsfunding certih.
Gates since that date. The exhibit thus
presented shows that there can have
been no contraction OF tho currency on
that account. And besides the regular
pensions will bs payable June 4th ns1t,
which will take $1,000. 900 out Of the
Treasury, in addition to the redemption
OF called bonds. which goes ON every
day. 80,
Since It has bean developed beyond
dispute that Judge Dillon has resigned.
some interesting facts are coming out a.
to the inducements offered him TO vacate
the bench. The principal reason As
signed by the Judges friends for his res
ignation is, that a. Professor in Column
bis College he will get . larger salary
and have an easier time. Il now turns
out that the 81, 500 salary q Professor
will not be the only n the Judge will
get; he will 30 paid 10000 annually a.
consulting attorney for the Union Pacific
Railroad Company, Of which his uncle,
Sidney Dillon, IL President. While
upon the bench the Judge could not 40
cept such o good thing a. this. but his
duties a. Professor will not interfere In
the least with tho arrangement and per-
Torrance OF the duties involved. II ap.
pears, too, that Secretary McCrary wa
one OF the very first persons advised Oh
the intended resignation, and he got the
information from no less Q source than
Judge Dillon himself. Thus forewarned,
McCrary put in his bid for the successor
ship, and had the place pre-smptsd be-
fore other ambitious lawyers OF the cir.
cult even suspected that there was to be
q vacancy. Al soon a. the rumor OF res
~ignation was spread. several gentlemen
put in applications for the appointment
through trusted friends. bat IL Vas dis.
covered in short order that McCrary had
made good use OF his early information.
A Western attorney. who came to Wash
ington in the interest Of . friend - the
successor OF Judge Dillon, says the lat
ter has been dissatifed with the bench
for several years. and really sought the
Columbia professorship. knowing. OF
course, that the Sl0.0 900 salary from the
Union Pacific would also be secured.
The House Committee on Invalid
Pensions have determined to make
another effort to do justice TO the old
soldiers OF the Mexican and Indian wars.
They have agreed upon . bill granting
pensions to all the surviving soldiers OF
these wars and their widows, without
distinction a. to political principles.
Chairman Coffroth has been directed to
report the bill. and will do 90 the hrst
opportunity he can get. In order TO
give these old veterans what justly be-
longs to them, the committee are anx-
ious to pass the bill at this session.
The beautiful homo Of the Lee family
bore the appearance yesterday which ID
the annual incident Of its pres
emit occupancy a. Q national cemetery.
Arlington Heights probably never pre-
ssnted q fner appearance since its aP-
preparation to csmsterial uses. The
grass wal in its grsensst~ condition, form
ing q fitting setting to the little marble
slabs, the sufficient reminders OF the
simple citizen soldiers whose resting
places they mark. From early morn
the patriotic and loving decorators. with
their commercial ~co-laborers OF the
transportation and rejection depart.
msnts. lined both the Georgetown and
Long Bridge routes. Among the frst 70
arrive Of the active participants, wal
Department Commander Harrison Ding
man, chairman Of the executive COM.
mittee; and OF the spectators, Mrs.
Hayes, accompanied by Mr.. Hayes, and
their son, Mr.. Webb @. Hayes. The
decorations and heartfelt tributes to the
slsaninc brayea vers of the usual char.