Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1879-05-24
EASTERN E s
Sherman Admits to Hankering After
the Presidency.
sHAsP caITIcIsM OF SENATOR slATfa.

INV AAtS~1
shasp CRITICISM or SENATOR SLATER.
The Neu Yerk Press sam RarpisE
On Cazffsrnla-
NEW YozK. May g.
A letter from John sherman TO . war
Democrat here states that while there Is
NO doubt be could be elected Governor Of
Ohio. j: would be wrong for him 10 eater
tain The proposition, so many being inter
ested in the refundimg and redemption
work now progressing What l uouh
aspire TO do in case public opinion should
decide TO make me . candidate for Pre<i-
dent" said sherman. world be TO unite.
in cooperation with the Republican party.
all national elements Of the country that
contributed 30 or aided in any way the sue
cessfal vindicafion Of the national authority
during the war. would do this not for
the purpose Of irritating the south or OPP
pressing them in M war. blt TO assert
and maintain the supremacy Of the ma
tional authority to the full extent of all
powers conferred by the Constitution. The
true issue for 1850 is national supremacy
In national matters. honest money and a
honest dollar"
The Times says eiitoriaiiy: The new
Senator from OREGON, Slater has under
taken to regulate the Chinese in America
He brought his whole mind to the stndy
Of our treaties with other nations, and 10
that Of the BnrlingAme treaty in psrleu-
lar. From this research be has emerged
with = conviction that foreigners in this
country are in possession Of too many
privileges not granfrd by treaty TO the
subjects Of the most favored nation. Slater
accordingly proceeds 70 exclude them
There is . novelty about this which sag
gests the freshness Of the 0regoaizn for
ests. The Chinese are to be put on . level.
SO far ~ privileges are concerned. with the
subjects Of other foreign powers 1t will
surprise our fellow cisizens to learn hat
they nave been governed By the Fiahertys
and Mnldoons in defiance Of treaty stiD1-
lation.
The world has an editorial to-day
summing up the business prospects, where
in the writer says: The surest evidence OF
reviving prosperity Is the activity in in
vestmenfs by small capitalists. as fur
nished at the various pnstosiees by the
brisk demand for small Government Ger
t~iicates- The metropolitan hotels are
doing q fine business; there Is an ind-s-
triDus inquiry after real estate, NOT only
in the city but in the summer quarters in
the country. Naturally enough these
favorable symptoms in the solid world Of
business have been attended By . ~specula-
tive feeling in purely speculative quarters,
which cool observers must carefully dis
criminate from them, but TIE rise in the
various markets has not been spasmodic
or feverish. The immediate future i
really fuller of promise for active aud in
teliigenf men than il has been since 1873
The Tribune eiitoriAliy says: Cali
fornis could support 50-000.000 people
without crouding- Indeed. if as dsnsely
populated a. Holland, she would hold
nearly 0 0.000.G90. 1t requires mot less
than 10000, 0oo to develop her resources.
1t is not then q question as to what the
Chinese will do as il is what California
will do. and especially how some Of her
enterprises will escape from en-
barrzssment- Those who talk f~ippantly
Of o~vercrowding. should reflect upon the
fact that all the inhabitants Of the globe
could stand on Long Island. in New FORK
State, and each have ten feet Of ground.
1t is . curious M on our institu-
tons. this talk of expelIing men merely
because they work too hard and tro cheap,
q country where not one acre 10 ten
has ever been fenced in, or one acre in
twenty touched By the plDs-
An evening paper has interviewed Sena-
Farley, Of California. Who is here to-
day Il see nothing" he said, ..in the
in California 10 create any great
alarm Had / been there / should probably
have voted against the new Constitution.
There is . great deal of good in it. how
ever" He has no doubt the Objectionable
provisions will be evaiei in one way or
and bring practically a lead let
ter. it will be difficult 20 prevent stock
specnlations. Beside" he continued,
: stock gambling is not all bad. aud while
| have no desire TO defend it, there are yet
some things to be said in its favor. There
il only one class Of men in the State who
would be likely to do any harm il they get
in power by the votes Of the men who car
ried the Constitution through. Men Of
the Kearny stomp nave exerted their full
strength. and have failed to get what they
wanted"
The CoekrfI Railroad BiII.
WASHINGTON, Nay %.
The bill introduced by senator Cockriil
yesterday 70 provide for the construction
and completion Of certain transcontinental
lines Of railway proposes q Government
guarantee Of interest in 50-year five per
cent. bonds to the amount Of $751; for
each mile Of the railroad to be constructed
by the Red River 4 Mississippi, New Or
Baton Rouge 4 yicksburg. Texas &
Pacific. and the st. Louis Transcontinental
Companies respectively, from
Monroe TO Shreveport, from New Orleans
TO Shreveport, from Fort Worth to Ell
Paso, xnd from venita to FL Paso. Public
lands heretofore granted to companies by
this bill are 70 be sold by tie Government
1t double the minimum rates, aud the pro-
ceeds are to be applied TO the payment Of
the interest on the guarantee bonds and
the creation Of . Sinking Fund. 1t is
also proposed to authorize the Southern
Pacific Railroad Company Of Arizona to
extend th-ir line from Fort Yuma to FL
Psso, without, however, granting them
any Government aid except the right Of
and 70 grant the Northern Pacific
Company ten years additional
for the construction Of the main line.
subject 70 all the terms and conditions Of
it, original charter and various supple
mental resolutions OF Congress.
Bank Eailure ~ 80. Loufs.
ST.. LOUIS, May %.
The Broadway Savings Bank closed its
doors this morning, in accordance with a
reached by the directory at . late
hour last night. and made an assignment
70 John D~iesborgsr. The principal reason
for tine suspension is said to be the with
drswai Of about 500. 600 deposited since
Nav 1st; but there are reports that some
OF the directors Of the bank hare worked
against the interests Of the concern, which
aided materially in bringing about the
failure. The liabilities are about $7O0. 600.
E5s ssssss can not be stated, but the Pres
idsDt Of the bank thinks that the deposit
ors will be paid In full.
A 8Itn Gasbering-sraue-s Refurn.
NKw YoRK. Nay %.
The Express" this evening. referring
TO the California Constitutional ratification