Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1879-06-02
LETTER FROM WASHINGTON.
ESPECIAL CORRESPONDENTS OF THE MoNIToR.]
WASHINGTON, Nav 81, 1879.


WASHINGTON, May 81, 1879.
The most important financial measure
before Congress is Mr.. Warmers silver
coinage bill. 1t passed the House on
Saturday but its most obnoxious feature
was so changed as not to be recognizable.
The following is careful abstract of
the bill as it passed the House:
1t fixes the weight of the standard
silver dollar at 4l2 IL grains; author
ICES the owners of the silver bullion to
deposit the same at any mint to be formed
into bars or standard dollars makes the
charges for coming such bullion the diff
ference between its market value in New
York and the legal tender value of the
coin; makes subsidiary silver coin I'M
changeable at the Treasury for legal
tender money to the amount of $40;
makes the standard silver dollar legal
tender in all payments at their nominal
value requires the Treasury to pay out
silver coin without discrimination the
same as gold coin in liquidation of all
coin obligations against the Government,
and authorizes the issue of certificates
to depositors of gold or silver coin or
bullion also authorizes the issue of GER
tifcates representing coin in the Treas
ury) in payment of interest on the public
debt, both classes of certificates to be
receivable in payment of duties on i'm
ports. The certificates for bullion de-
posted are to be for its average market
value in coin of like metal during the
preceding week in New York. The gold
and silver bullion deposited is to be
coined to the full capacity of the minis
I'm connection with other coinage y and
if the bullion deposited for coinage does
not amount to S2,OOO,000 per month
the Treasury is to purchase sufficient
silver bullion to coin that amount.
There are influences at work among
Democratic Senators which may cause
the Senate to pass the bill as it came
from the House, but it is most likely
that the Senate will amend or kill it.
The general appropriation bill. with ex-
confederate provisions to handicap the
national government in the enforcement
of the laws, has gone to the President,
and another veto is expected in day or
two. The Democrats feel that the evil
day is close at hand. They have post
poned it almost as long as possible, and
they must shorthly face the music. The
great and troublesome question is: Can
the caucus hold them together in the
work of starving the Government" The
general opinion is that it cannot, and
that the democrats are so doubtful on
this point that they dare not caucus any
more. They are afraid now to move in
any direction for fear of committing
more blunders. They have so far backed
down as to admit that they must pass
the general appropriation bill without
qualification. But they are hoping that
they can stick together in refusing sup.
plies to the army. AT any rate an early
adjournment looks probable now.
The singular letter of Secretary Sher
man to a friend in New York is creating
good deal of disagreeable talk. Re
publicans think it a very injudiciou
thing to do. 1t is an open declaration
of his candidacy for President and re
wives the charge that in Missouri ant
other southern states the Secretary i
using the Treasury patronage to promot
his nomination. The thing that is mos
objected to is his expression of depend
ence for support upon those who hav
not heretofore supported the Republican
party. The universal verdict is that tb
Secretary has committed a damagin,
blunder.
Confident that the Democrats hav
,, furnished them plenty of political thun
der for whole campaign, the Republi
can Congressional Committee will imme
diately 60 to work sending it out to tn
people. Hon. VIM. E. Chandler, secre
tary of the committee, has aimed an
will push the work vigorously.
The sale Of the $40 refunding certif
: Gates has taken an unfortunate turf
They were issued for the poor people
but the poor people do not get them t
any great extent. The spectators ar
: buying them up in immense quantities
and the rule that no one should hav
more than 500 worth is of no avail
Some spectators have bought as man
as $4,000 in one day through othe
: parties whom they furnish with money
- The total amount of 100000 900 will b
= exhausted in a few days, and it will h
found that the spectators have $50
100000, or seven Fights of the whole
= the poor mans bonds. LOGAN.
n STATE NEWS ITEMS,