The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1879-04-26
Our Letter from Washington.

Congressional and Departmental DoingS at the
National Cdpital.-A long Session Almost
Certam.-Om National F'manccs.-"I I an,
mcmbcrs wite."-Senator Bruce on the
Colored Emigration Question.
WASHINGTON, d. c., April 10, 1879
1t is becoming more and more apparent that
this is to be a long session and no one need be
surprised If it continues until the first of July.
The Senate will discuss the Army bill at
length, and 1t will not reach the President be-
fore the last of the month. 1t seems to be
pretty well settled that he will veto it, bu, we
will see the lst of May before we see the veto
message. Then the discussion will be had
over again. The Legislative bill will take
the same course and debate will be unlimited.
Randolph Tucker in the House and Beck in
the Senate have declared nm hnhalrnr their
party majority that Congress will sit until 1t
expires by limitation on the 3rd of March, 1881,
unless the Election laws are repealed
1t seems very certain also that there will be
some general legislation, and there are GER
tain measures that should be disposed of at
an early day. One OF these is the bill which
Secretary Sherman had recommended, short
cning the time of notice to be given to the
holders Of called bonds from ninety to thirty
days. This is imperative before the funding
operations are carried any further. Another
bill that should be passed is the Edmunds
bill, amending the law prescribing the man
ner in which the electoral votes are counted
so as to avoid recurrence of the Electoral
Commission controversy. The Elmunds bill
passed the Senate last session, but the Demo
Gratis in the House were afraid of it. Now
that they have a majority in both Houses they
will be less timid.
At the close of business hours on Thursday
the subscriptions to the four per cent. loan
under the Treasury circular of April 10,
amounted to 50, 500, 600. By seven o'clock sub
scriptons amounted TO $50, COO, 900 were receiv.
Cd, and at later hour a telegram was receiv-
ed from the First National Bank ofNew Y York
subscribing fer $4,000 900. This subscription
was made in behalf ofnlneteen banks of New
York and Boston, the heaviest subscr ibers
being the Metropolitan bank, First National
bank, Fiskc & Hatch, and the Seligmnn
Brothers. The circular of April 10 invited
subscriptions to $3.50 ,OOo, 900 of the four per
cent. loan and in addition the amount of Sl4-
500 800 was reserved for the conversion of the
$40 relunding certificates. These two amounts
together were just sufficient to refund the
outstanding lo-4O loan. Besides their sub
scriptiOn Of $3.50, 900, O)U, the First National
bank also made n subscription Of 81, ,OOO, 600 to
the rounding certificates. Yesterday Mr.
George +. Baker, president Of the First Ma
tipnal bank accompanied by Congressman
Levi p. Morton, had conference with Socre-
tary Sherman, and arranged the details OF the
subscription, The subscriptions amounting
to $50, ,OO5 having been received prior to the
syndicate subscription, were acccl ted, and the
remainder OF the 500, 10000 was awarded to
the First National bank. The following state
ment will be Of interest as showing the prog
ress of relunding since January /, 1879, The
following bonds were then outstanding: