The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-12-18


and urged him TO modify bfs order prohib.
ting the transportation Of petroleum in
steam-yesseIs between Norfolk aud Phtfa,
delphia. They stated that this, il rigidly
enforced, will break up thu off trade be
tween the two eitles named. Mr.. Sherman
promised to give the matter early attention,
and the impression made vas that he will
act favorabay. ...s. &. s. $3.50 $50.
THE PRESIDENTIAL OUTLOOK.
The Republican Committee did about as
/ predicted. The election OF Cameron,
while Grant victory, Is more defeat Of
Blaine than of Sherman. The selection OF
Keogh % secretary means that they really
entertain hope Of carrying North Caro-
lima for Grant. The designation OF Chicago
as the place for the National Convention is
n Joint victory OF Grant and the indorDita-
bic workers from that city. The Blaine
men are sad aud the Sherman men not
happy tonight.
BRIEF NEWS ITEMS.
The Secretary agrees that 20 per cent. Of
the salaries OF members of Congress may
be drawn IN silver certificates instead OF in
silver. =.
Letters are pouring In on congressman
in regard TO the bill apmoprIsting 100000
to certain colored institutions. Every State
has schools that want a slice.
1t will take se7T,32l to complete the
Washington monument, and this can be
done, the committee say, BE- 1883.
| Senator Eaton to-day introduced bill
for the appointment OF a commission OF
businessmen to revise the tariff. Err
The West Poiht appropriation bin, which
passed the House to-day, appropriates
three hundred and odd thousand dollars.
The House Military Committee to-day
took up the subject OF revising the militia
laws which have not been revised since
1892. ..-.....
The Jackson Association have perfected
their arrangements for celebrating the 9Th
OF January.
Associated Press Reports by telegraph to the Dis
patoh.]
WASHINGTON, December 17.-Representa-
| tive O'Connor. of South Carolina, address
cd The House Banking and Currency Com
mticc to-day in advocacy OF the bill intro
| duced by him and referred to that commit
tee, authorizing national banks to make
! loans upon mortgages on real estate TO the
extent OF 25 per cent. OF their capital and
surplus. subject 10 such conditions as may
| be imposed by the boards OF directors Of
the respective banks. DIR. O'ConnOr said
the measure originated with the national
banks OF Charleston, S. c., whose managers
| had found by experience that they had q
| plethora Of money in their vaults during a
large part Of the year after the moving
Of crops, and that some such meas
ure was needed to relieve the agr-
cultural classes OF the South, VINO had
no other security than real estate to pledge
for loans. Mr.. O'CoDnor said the interests
OF the people and the banks alike demanded
the utilization OF real estate as security for
the proper protection OF loans. especially
since so vast an amount of personal securi-
ties has, as result OF the war and OF the
shrinkage Of values. been almost ami
Inflated and ceased TO be available for that
purpose.
The bill was referred to subcommittee
iol consideration and report
THE REVISION OF THE MILITIA LAWS.
WASHINGTON. December 1.-THE House
Committee or Militia met this morning and
took up the subject Of revising the militia
laws OF the country. Brigadier-Gcneral
6. w. Wingate, Of New York, appeared
before the committee, and gave lengthy
and very interesting review OF the subject,
with many suggestions rs to the require
ments and improvements needed, and al.
luded to the fact that our militia laws have
not been revised since the original enact
ments Of 1902.
REPUBLICAN NATIONAL COMMITTEE.
WASHINGTON, December 1.-THE Repub-
lican National Committee at its meeting to-
day elected Senator Cameron permanent
chairman, and decided that the next Ma
tional Republican Convention should be
held at Chicago on June 8, 1890.