Daily Los Angeles herald., 1879-12-20
EASTERN N.
Na.Iona, Republican Committee.

NatIoneI Republican Committee.
WASHINGTON, Dec. 19th.-The
results of yesterdays meeting oi
the National Committee seem to
be generally regarded as indicative
OF an increasing strength for the
Grant "boom,n of decreased force
in the Southern movement, and OF
an unmistakably strong undereur-
rent for Blaine, which In the event
of o slight abatement of the first
mentioned obstacle would carry
him triumphantly to the Presiden-
tial nomination. Although Cam
eron's preferences were generally
known to be for Grant, he could
not have been elected except by
combination of all members op-
posed to Blaine, together with a
few of BlaIne's friends who had
personal reasons for supporting
him, and believed his election
would not perceptlbly affect the
Presidential race either way. The
probability is that this view Of the
matter is the correct one, the COM
mittee being already practically
functus oficio, and the Chairman's
sole remaining duty being to call
the next National Convention to
order.
A vote on the place for holding
the National Convention resulted:
Chicago, "a; Saratoga, Ia; Clncin-
natl, 2; Indianapolis, 2.
Tho TINA for hnldinn tha naY
convention was fixed for WedDes-
day, June 8, 1880.
Coin Reserves for National Hanks.
WASHINGTON, Dec. 19th.-The
House Banking and Currency
Committee has decided to substi-
tute Price's bill for Judge Buckner's
bill, requiring one-half Of the Ma
tional Bank reserve to be kept In
coin. The bill will be reported after
the holiday recess. 1t requires
every banking association to keep
in gold or silver coin of the United
States one-half of the reserve fund
now required by law.
Clearing House Returns.
NEW YORK, Dec. 19th.-The
Public says the Clearing House
statement for the second week in
December shows that the following
cities gained: New York, 1913; Bos-
ton, 553; Philadelphia, 76.6; Chi
csgo, 625; Cincinnati, I'll; St.
Louis, 30.06; New Orleans, 17.5;
Baltimore, 37.9; Milwaukee, 52.1;
Louisville, 4S.3; Pittsburgh, 46.4 (;
Providence, 36 8; Kansas City, 1914;
Cleveland, 23. s; indianapolis, 30.0S;
New Haven, 40; Lowell, 63.5; Syra-
cuse, 236.
San Francisco loses 1917. The in
crease in the aggregate of ex-
changes at all the cities which
have gained, except New York,
was per cent. last week, against
1919 per cent for the week preced-
ing.
The Public says: The advance in
prices of iron and products of iron
has been much greater than the ad-
vance of prices of wheat and other
grain, or of cotton, and consequent
ly the large increase in exchanges
at Philadelphia and Pittsburg may
be attributed more to a change in
prices than at Chicago, Milwaukee
or New Orleans. Important differ
ences have been caused also by a
division of traffic from one city to
another, as new railroad companies
have opened better facilities for
transportation.
Alleged Overissue of Pennsyivaaia
Bonds.
PHILADELPHIA, Dec. 19th.-Tbe
Committee of the Legislature to
whom was referred the alleged over
issue of State bonds, after q session
since last June, have completed
their labors and prepared report,
which is to-day given to the Gov
ernor. They have thoroughly In
vestigated the matter and traced
each bond to its holder. The COM
mittee found that $72,00 of bonds
deposited in the Girard Bank were
| paid into the Treasury by C. A.
Boxer, and accounted for by Henry
s. Magraw, State Treasurer. The
report says: "The settlement of
Henry 8. Magraw is a satisfactory
CA VI
and had it been placed on the min
utes of the Sinking Fund Commits
sion, there would have been no diff
ficulty with reference to the loan,
| and all outstanding bonds would
have been redeemed" This settle
ment is found on the fly leaf of one
of the books Of the State Treasurer,
a place so unusual that the officers
of the Commonwealth overlook
ed it.
Caugbt Rt Esst.
CHICAGO, Dec. 19th.-Pinker-
TOMS detectives arrested Thomas
Wall, an employe of the Southern
| Express Company at New Orleans,
where, in 1868, he stole package
containing $4,000. At the time
Wall was traced to Texas, and
since then until a few weeks ago
has been lost sight Of He says he
has been in Texas, Boston, New
York, San Francisco and Chicago
since his theft. He has been taken
to New Orleans.