The weekly miner. [volume] (Butte, Mont.) 1878-1881, 1879-12-09
alton, but there seems to be no doubt the
President will shortly appoint o new collec-

oohoA3 puL lucre seems TO De no QOuDb Inc
President will shortly appoint o new collec-
tor. @ T ~ NJ III
NEW ORLEANS, Dec. 4.-The Observer, a
Republican organ, published a statement re-
celved by the Republican campaign commit
tee from Delta, to the effect that Dave Arm
strong was hung Sunday night. r. H. Brown,
Peck was whipped and stretched Monday
night, and twenty-five others ran away from
Morrison parish. The parish has been count
ed by over 1000 majority for the Democrats.
The Republicans did not vote.
WASHINGTON, Dec. 4.-The Democratic
caucus committee held a long meeting this
afternoon, at which the rolls Of the sergeant
alarms and other officers of the Senate were
critically examined with the view of ascer-
tanning whether any further caucus action is
advisable in regard to the distribution of the
Senate patronage.
WASHINGTON, Dec. 5.-The House Com
mittee on Banking and Currency to-day
authorized its Chairman, Judge Buckner, to
report to the House for passage at the first
opportunity the following important bill: A
bill requiring the resources Of national bank
ing associations to be kept in standard gold
and silver coins Of the UEited States in lieu
of lawful money.
LIZ II CLdCICu, ctCs, L LdG ScCUlOu O,lSl VI JLlc
Revised Statutes of the United States is here
by amended so as to read as follows:
SECTION 5,191. Every national banking
association in either of the following cities
Albany, Baltimore, Boston, Cincinnati, CHI
cage, Cleveland, Detroit, Louisville, Milwau-
kee, New Orleans, New York, Philadelphia,
Pittsburg, st. Louis, San Francisco, Rich
mond, Charleston and Washington-shall at
all times have on hand, in lawful money of
the United States, "one-half of which shall
be IN standard gold or silver coins of the
United States" an amount equal to at least
70 per cent. of the aggregate amount of its
notes in circulation and its deposits and
every other association shall at all times have
on hand, in lawful money of the United
States, "one-half of which shall be in stand
ard gold and silver coins of he United
States" IN amount equal to at least five per
cent. Of its notes in circulation and of its
deposits whenever the lawful money of an
ASSOCIATION in any of the cities named shall
be below the amount of 25 per cent. of its
circulation and deposits !; and whenever the
lawful money of any other association shall
be below Is per cent. of its circulation and
deposits, such association shall not increase
its liabilities by making any new loans or dis
counts otherwise than by ~discOunting in pur-
chasing bills of exchange payable at sight, or
make any dividend of its profits until the re-
quired proportion between the aggregate
amount Of its outstanding notes of circulation
and deposits and its lawful money of the
United States is in the proportion required.
NEW YORK, Dec. 5.-Joseph and Mary
Valkman were indicted to-day for having adj
ministered poison to Chas. E. Blair, with
intent to kill.
CHICAGO, Dec. 5.-Six ladies of the con.
vent of the Sacred Heart IN this city are
about to go to New Zealand to found an es.
tablishment of their order there, they leave
for San Francisco on the 18th inst, from
whence they go blythe Pacific Mail Steamship
Among the number is Madame Sullivan, Of
the female parochial school, who is well
known
LONDON, Dec. 5.-The Times, in It's finan'
cial article, says: The Industry Cotton-spin'
ming Company, owners of large mills at Old.
ham, have gone into bankruptcy in conse.
quence of depression in trade. The report Of
the Cleveland Iron Masters Association fol
November shows the revival in the iron trade
in that district to be we'll maintained.
The issue of prior lien bonds by the Allan,
tic and Great Western railway reorganization
trustees is stated to have been successfully
completed IN Holland. The amount issued
there and here is eight million dollars, but il
is contemplated to increase that amount by al
additional two millions TO complete the
equipment of the road to the narrow gauge
system, and to pay off all existing prior. liens
WASHINGTON, Dec. 5.-The Republican,
in both branches of Congress appear very gen
orally to have reached a tacit agreement tina
Senator Carpenters financial resolution
should be adopted. This simply declares tina
Congress materially changing the ~existin:
system of finance would be ineXpedient," or
in other words, "let we'll enough .alone.
While thus implying all that is contained il
the Fort resolution, it draws it in smoothe
terms, and, according to current gossip, it wa
submitted to President Hayes and met his ap
proval as the best that could be devised t
avert the injurious consequences in the party
Just as the Republicans, however, ~ repudi
, ating the Presidents financial recommends
ions have a fair promise of escaping a part
division the Democrats find that trouble ha
been created within their OWE lines b.
!, Senator Bayard's bombshell IN O. resolutio
proposing to abrogate the legal tender powe
, of greenbacks, and thus make %greenback
merely treasury notes or promises to pay.
This does not meet with the appreciation Q
many Western Democrats. 1t is argued tina
J if the legal tender quality OF greenbacks b
eliminated, the national banks could practi
cally drive them out Of circulation by refu:
ing to receive them, and Western Democrat
: believe that the national banks would nc
, hesitate, to pursue this policy, which, it
t further alleged, would be manifestly to thei
: advantage. !, The Western Democrats asser
+ also, that if Bayard. through this resolution
hopes to gain Eastern support for the Pres
e DENTAL nomination he may succeed in thu
Q direction, but has certainly driven the We'
t away from HIM Senator Bayard, on tn
e other hand, is confident that a calm examine
e ton of his resolution, will show that it
\ perfectly in accord with the old and unive
r sally recognized Democratic doctrine, and i
adoption would cut the ground right out trol
l. under the feet of their political opponents i
: the North who claim that the Southern an
S Western Democrats are not in favor OF hor