The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1879-11-14
WASHINGTON.
A Railroad Palvnr Its pebts

A railroad F&lyng ltS D6DIS.
WASHINGTON, Nov 13.-The Central Pacific
to-day made cash payment to the Treasury
OF $22O.520, which, together with the aggre-
gate of the credits for government transport
tations during the six months ended Dec. 81.
1878, fulfill the requirements OF the Thurman
law in regard to the Central Pacific Railroad
for that period, the total payment i'll cash and
in transportation service being 1886, 80, or
25 per cent of the net earnings of the subsi-
died portions of their lines. The amount
deposited to-day has, by direction of the au-
ditor of railroad accounts, been apportioned
about as follows viz: S1S00O0 to the credit OF
the Central Pacific sinking fund and $4,000
to the credit of the requirement for annual
payments OF five per cent of the company's net
earnings. This is the first cash payment made
by any of the Pacific railroads on account of
their Indebtedness 20 the government under
the Thurman law or any other act of Congress,
no settlement being yet effected under old laws
in regard to the payment of five per cent of
the net earnings. The cash payment from
Central Pacific for 1879 will not be due until
the LIST Of February next. The amount re-
aured will be about $600,OO0.
Called Bonds Outstanding.
OF the sos, 100000 in United States bonds
called for redemption there is still outstanding
nearly $21 100000 OF the amount thus out
standing the Treasury holds about $7000000
in ten-torties, which are tho deposits of national
banks to secure their circulation. Interest
ceased OH this class of bonds on June 2lst last.
The banks owning the ca led bonds now held
by the Treasury have declined TO replace them
with per cert bonds, because OF the high
premium which they command. The increase
in the daily receipts of the government will
result in a large surplus revenue for the cur
rent month, and it is probable that Secretary
Sherman will invite further proposals for the
purchase of per cent bonds early III Decent
ber For the ten business days of the current
month the receipts from Gus omS and internal
revenue have averaged over $1,000,OUO daily.
The receipts from customs alone for the nine
days OF November have averaged ABOUT $oZo,-
900.
The Supreme Court
In gthe Supreme Court to-day the case in
yolying the legality of the payment OF taxes IN
South Carolina with bills of a state bank, be-
sides involving also certain acts OF the state
assembly, was agued, but no decision rendered
Roscoe Conkling and ID. ii. chamberlain were
heard in the argument.
Foreign Mails.
The annual report of the superintendent of
foreign mails shows that the payments for sea
transportation of mails during the last fiscal
wear amounted to $19S.90S, being an increase
of $1632 over the cost OF the Same service Tor
1878.
Gold and Silver Coinage.
The Treasury Department to-day purchased
1865 900 of fine silver for the Philadelphia and
San Francisco minis. One hundred and fifty
one thousand ounces OF standard gold bullion,
to-day, has been ordered by the Treasury
Department fir ON the assay office in New York
to the Philadel phia mint for coinage into gold
coins The value of the bullion is about $1O,-
| $500 co. The direct of the mint said to-day
| that until further orders the coinage of gold
| by the United States mints would be confined
| to eagles and half eagles.
The United Sta ties Treasurer's Report
United States Treasurer Gilfllan has sub
| mitted his report to the Secretary OF the
| Treasury The total net revenue was $273-
827, Goo The net expenditures were $3.50, 81, )
O0O a net increase in the funds of the Treasury
| of 1879 900. The increase of revenue during
the year over 1878 was SIG, $685. 900. There was
an increase in the net expenditures over the
year 1878 of $29, 1888, 600. The receipts at the
Sub-Treasury in New York were SLIT 100000,
at Boston e26, 600, at Philadelphia $25O OO-
| 900, and at San Francisco $27 100000.
Customs Collector Appointed.
The President to-day appointed Thomas Ire
and collector of customs for Annapolis, Mary
land.
Lotteries Not to be Countenanced by the
Post Office Department.
Postmaster General Key to-day began the
issuance of special orders to postmasters Tor
bidding them pay for a letter addressed to lot
terry dealers named in his order. Registered
letters and money orders are to be returned to
the senders and the letters to be sent to the
dead letter office.