The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1880-03-03
WASHINGTON.

Washington, 9. The bill intro.
daeed in-the Senate, 10 day, by
Bailey, to refund the national debt,
authorizes the secretary OF the treas
ury, whenever the bonds now out
standing Ehsll become due, TO- issue
bonds in exchange for them, bearing
4 per cent. interest, and redeemable
at ths pleasure of The United States
after twenty years. It also proy.des
for the issuing of $500, O00. 600 notes
bearing 81 per cent. interest, redeem
able after two aad payable in ten
years from date Of issue. but pro-
hibits @ redemption of more than
$40, 000.000 OF these notes in any
fiscal year. 0uET FHK TIe 1855
The House committee on territories
agreed, to day, to report faYorably to-
I the, House the bill extending the linz
its of jurisdiction Of justices of the
7 peace in the territories of Washing
ton, Idaho and Montana. 1t also
agreed upon the bill fixing the COM
pensation of the presiding Judge of
first judicial district Of the territory
of Dakota at 81, 500 per annum.
At cabinet meeting, to-day, there
was quite prolonged discussion on
financial subjects. Secretary Sher-
man stated that the silver in the
treasury was increasing, and Was
extremely difficult to circulate, owing
to the convenience of silver certif
Gates which are invariably preferred to
the coin. He thought that
silver certificates were a great
hindrance 10 the free, circulation OF
silver coin.
Supreme court decisions we're
| rendered to-day in several cases
involving the question of taxing
| national shares. The general result
of the decisions was that the court
holds that The systematic and inter :
national assessment OF national bank
shares st their fun value, while all
other moneyed capital is assessed far
below It's true value, is violation of
the action prescribing q rule for
taxing shares. ase sys -,
| Chicago, 2.-Iater- 0ceGR'S Wash
| ington: The committee on judiciary
to-day agreed TO report favorably the
bill providing that the United States
circuit court shall Sit in all places
where a district. court Is held. As
soon as an opportunity offers the bill
| will be reported and will no to1bt
pass. ---
Sherman's friends here are a coed
deal encouraged by the news from
Ohio, that many men who have
heretofore voted the democratic ticket
have Joined Sherman clubs and tx
pressed themselves as intending 70
vote for him ifnominated, on business
grounds, at both Mansfield and
Cincinnati Sherman clubs are, re-
ported to bear the names of several
who have hereto voted the democratic
ticket. .Ee.-ta- f.-
Ex-COngressman Mackay. -oi South
Carolina, in this city, reports the
negroes of that state almost unanimous
in their preference for Grant; white
republicans are mostly for Blaine.
MaCkay thinks either Grant or Blaiue
can carry the statesas r5-eE tnr
The imports of gold to this country,
which were so large three and five
months ago, have ceased almost en-
tirely, and the tide has turned the
other way. II the imports keep up
until June to the amount reported 10
January and February, the balance
of trade in favor of United States will
be reduced to very low figure toi
this year, and the gold aecam ulation
will be drained away. The secretary
is anxious to get silver dollars into
circulation, and use them instead o.
| gold in the markets. The New York
money markets is now almost en-
tirely dependent upon the action o.
the treasury, the large increase o.
business everywhere having absorbed
the currency and the monthly pur.
chases Of 6 per cent. bonds that will
be made by the treasury will have ar
important effect upon financial
centres. II is understood that an
important circular is being prepared
at the treasury with reference tC
getting silver iBt0 circulation.
Congressman BelzshooYer, of Penn.
sylYania, will conclude the discussion
in the Washburn case before the
committee on elections on Friday
when a vote will be taken. Belz
showers argument is waited with
great interest. There does not seem
to be any hope now of obtaining 8
tnon-partissn report from the com
mittee, out as far as can be learned
all democrats will vote to turn Wash
burn out and seat Donnelly.