Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-03-13
GENERAL CAPITAL NEWS.
BOND PURCHASES.


WASHINGTON, March 12.-The secretary
of the treasury says he intends every week to
invest all revenues less actual expenditures,
and proportionate share of accruing inter-
est of the public debt, in the purchase of five
and six per cent bonds on public offers in
Now York.
SCARCITY OF FRACTIONAL SILVER COIN.
There is scarcity of fractional silver coin
caused by its presentation for redemption
under the recent law. There arc $21 ,O00,-
600 of such coin in thu treasury, which will
be exchanged at all sub treasuries for United
States notes when an appropriation is made
for the purpose by Congress. 1t will be
sent free of cost in sums of 800 and up
wards to any part of the country.
B THE PAPER TARIFF.
George Jones, of the New York Times,
and Erastus Brooks, of the Erpress, made
arguments to-day before the ways and means
committee for the removal of the duty of 20
per cent. imposed on wood pulp. They
claimed it was owing to the advance of from
% to 30 per cent. in the price of pulp and
combination of paper manufacturers, chiefly
in the West, that the price of paper had ad-
SduCSO W V SCHtS pcI ROuuu, tu0
price last year, to 81 to 10 cents, now
charged. 1t was also claimed that it was
combination of paper-makers that forced
the price of paper to 26 and % cents per
pound during the war that had now caused
the advance of above so per cent, and that
if no restrictions were placed on them they
might force the price even to war figures.
The manufactu, ers present denied the exis-
tence of combination to enhance the price,
and claimed the advance was entirely regula-
ted by the law of supply and demand.
THE UTE AGREEMENT.
The Senate and House committees on In
dian affairs held joint meeting to-day for
the purpose of hearing Secretary Schurz in
explanation of the details of the agreement
which he has entered into with the Ute In
dia IS of Colorado, subject to its ratification
by Congress. MIR. Schurz, after explaining
the features of the agreement and setting
forth its advantages from various points
of view, submitted ths draft of a
bill to carry it into effect, which
the committee will consider at o future writ
ing. The bill proposes to appropriate in
perpetuity $4,000 year as interest at the
rate of per cent. per annum on the amount
of 81, 100000 stipulated as the consideration
for REIMBURSEMENT of the Utes' reservation
and also to continue to appropriate the pres
ent annuity of $4,000 year. The $4,000
thus provided for each year to be divided
among the Utes per capita. The bill further
proposes to appropriate $4OO year
for distribution among the most deserving Of
the Utes and 81 900 per annum, and to con-
tinue Ouray's present annuity for term of
thirteen years from the present time. 1t is
also proposed to appropriate $35O,00O for
tie purchase of agricultural implements,
the erection of saw and grist mills, and the
construction of about 1000 houses for the
Utes in their new locations. Other sections
of the bill provide the necessary authority
for the allotment of lands to Indians in
severalty, and for the restoration of the
great bulk of their present Reservation to
the public domain.
WAR CLAIMS REJECTED AND ALLOWED.
The House committee on war claims de-
cided to report adversely upon thirty claims,
amounting in the aggregate to above 81 ,O00,
600. Tho House committee on claims recon-
sidered their former action in awarding A. B.
Meacham $500 for injuries received while
in the service of the United States during
tho Modoo outbreak, and increased the
amount to $4,000. They also decided to al
low the heirs of Capt. Henry w. Shriver
$1,000 for services rendered by him to the
United States. The claim Of J. B. & o. S.
Latham for S43,361 for supplies furnished
the United States during the war was also
favorably passed upon.
roNNELLY-
Representative Keifer presented minor
ity report in favor of Washburn in the case
of Donnelly VS.. Washburn, at the meeting
day.
TRADE MARKS.
The House committee on judiciary took
up the subject of trade marks at its meeting,
to-day, and ordered q bill to be reported to
the House which will carry out the treaty
stipulations with foreign countries on the
subject of trade marks. The committee de-
cided to report adversely on the Armfeld
bill, providing for interstate trade marks,
and also decided that that subject was not
invested with sufficient importance to war
rant constitutional amendment, as was
proposed by the McCord bill.
PAT OF REVENUE OFFICIALS.
The House committee on appropriations
| agreed to report an addltlonal appropriation
of $35, 600 for expenses of the internal rev.
enue bureau for pay of additional inspectors,
gaugers and store keepers.
RIVER IMPROVEMENT.
| The House CO.. mittee on commerce in
structed Mr.. Clardy to report bill to the
House providing for an appropriation of
$40, 600 for improvement of the harbor or
landing of st. Charles, No., by diverting the
channel of the Missouri river from the south