Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-06-05
TuE INGALLs CASE.


gress In few days.
THE INGALLS, CASE.
AT meeting of the senate committee on
privileges and elections to-day, the papers IN
the Ingalls, case were submitted with view
of taking action upon the question whether
or not the charges should be investigated by
this body, but on account of the absence OF
Senator Hoar, the whole subject was post
poned, on motion of Senator Bailey, until
Saturday next.
FOUR PER CENTS.
Subscriptions to the four per ceat refund
ing certificates since yesterdays report are
four hundred and fity-hve thousand one hum
bred and sixty dollars.
The secretary OF the treasury has given
notice that on and after the ninth instant the
ten dollar refunding certificates Will be re-
ceiyed at the department for conversion into
four per cent refuuding certificates; certlh-
Gates refunded for conversion into four per
cents, issued therefor, must be transmitted
without risk or expense to the government.
Packages should be marked rounding GER
tifcates," and addressed to the treasurer of
the United States; and applications should
specify the denomination OF the bonds de-
sired, aad also whether coupon or registered,
and for the latter the full name and postohice
address OF the person should be given.
THE BILL TO REPEAL TEE JURORS TEST
OATH.
The following is a full text Of n bill re-
ported from the senate judiciary committee
to-day, as a substitute for Mr.. Bayard's bill,
which provided simply for the repeal of sec
tions $40 and 92t of the revised st2tutes,
prescribing the Jurors test OATH" This new
measure will form part OF the Democratic
caucus bill by which appropr atoms for Judi
claI expenses are to be provided:
bill In relation 10 iurIes and to repeal sections
sol, $40 and S2l. and a part OF SUI OF the re-
Ylsed statutes OF The United States.
Be it enacted, etc, Tina. the per diem pay
of each Juror, grand or petit, in any court OF
the United States, shall be two dollars and
fifty cents, and that the last clause or section
800 OF the revised statutes of the United
Strtes, which refers to the State of Pernsyl-
vania, and sections sol, $50 and 81 of the
revised statutes of the United States, are
hereby repealed; aud thst all such Jurors,
grand and petit, including those summoned
during the session of the court, shall be
publicly drawn from box containing the
names OF not less than three hundred per-
sons possessing the qualifications prescribed
Ia section 800 of the revised statutes. which
names shall have been placed therein by the
clerk of such court and a commissioner to be
appointed by Judge thereof, which COM
missioner shall be u citizen resting IN tie
district in which such court is held, of good
standing and a we'll known member Of the
principal political party opposing that to which
the clerk may belong, the clerk ard said com
missioner each to place are name 10 said
box alternately, until the whole number re-
CURED shall be placed therein, but nothing
herein contained shall be construed to pre-
vent any judge in district in which such is
now the practice, from ordering the names
OF Jurors to be drawn from boxes used by
the State authorities in selecting Jurors Ia
the courts of the States, and no person shall
serve IS a petit juror more than one term IN
spy one year, nor be compelled to serve as
select juror Lnore than two weeks at any term,
unless it be necessary in order to complete the
trial of a cause in which be may have been
impaneed; and all jurors to serve In couI IS
after the passage of this act sha be drawn
In conformity herewith. All general and
special laws in conflict herewith are hereby
repealed.
sHERlIAN's REPORT OF THE FINANCIAL
OPERATIONS OF TIE GOVERNMENT.
Numerous inquiries having been made as
to the financial operations OF the government,
Secretary Sherman has published the follow
ing statement, showing changes m the public
debt, annual interest charge, etc: Reduction
of interest bearing debt-total interest bear
ing debt highest point August 81, 1865,
81, 381, $50, 294; total interest bearing debt
when present refunding operations shall have
been Completed, August l, 1879, $l,798,-
from highest point, 1888, 1886, 1874; annual in
terest charge, highest point August 81, 1865,
$50, 81, 697; annual interest charge when
rafuuding operations are completed, August
/, 1879, $S3, 773, us; reduction in annual in
terest charge, SCI, 203, 919; reduction of total
debt, less cash inthe treasury, highest point,
August 81, l765, So, Use. 431 ,571; debt, less
cash IN the treasury, June l, 1879, 50 027,
| 182, 468; reduction of total debt, $729, 249,
103; reduction of debt since March l, 1877,
| SOL 598, ga; bonds refunded since March
!, 1877, loan of 1858, five per cent, $3.50 900;
| ten-forties of 1864, five per cent, 1874 SOS,
| 300; annual interest charge, $9,74l, 3I5;
fve-twentiea of 1855, six per cent, 800, 436,
| 050; consols of 1865, six per cent, $202, 663,
100; consols of 1861, six per cent, 1910. 622,
| $50; consols of 1868, six per cent, S37 ,473,
800; annual interest charge, $39,07I, 742; TO-
tai amount of loans, $846. 022, 600;
total annual interest charge, $48,8l3,
057. In place of the above bonds
there will be issued when the present refund
! ing operations are completed, which will not
be later than August 1. 1879, bonds as fol-
| lows: Funded loan of 168I-four and a.half
per cent, $l35. 900, 900; annual interest
charge, $685. coo. Funded loan OF 1907,
| including refunding certificates OF four per
cent. $7ll, OPP 600; annual interest charge,
| S28, 440, $50. Total amount, sS46 022, COO.
| Total amount interest charge, $34 SIS, $50,
|
est charge on account of refunding cert6-
Gates since march l, 1877, of SIS, 297, III.
Bonds have been sold for resumption pur-
poses since March /, 1877, the IN
| terest on which represents an an
nual cost of coin reserve, az fol-
lows: Funded loan of 1891, four and a
half per cent. 1850, 900, 900; annual interest
charge, $2,925, 600; funded loan of 1907,
four per cent. $25, 000 900; annual interest
charge, 81, 0O0. 900. Total amount, $50, 900,
| coo. Total annual interest charge, SIS, 925, :
| 600, making net annual saving in interest
through the refunding and redemption oper-
ations since March 1, 1877, SIC, 372, III. In
addition to the above bonds there were issued
in 1873, to replace the coin used in the pay
ment of the Halifax award, four per cent
bonds of 1907, amounting 10 S. 100000.
[NoTE.-ln preparing this memorandum
| the maximum limit issue of the four cent
bonds is stated. When the refunding trans
actions are completed and full returns are re-
ceived the amount may be some what smaller
making interest charge correspondlugly less.
Congressional Proceedings.
| IN THE HOUSE.
| The senate amendments to the house grass
hopper bill, extending the time of paymen
| by pre-emptors, were agreed to.
| A COUPLE OF NATIONAL BANKS TO BE IN
yEsTIGATED.