Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-04-29

| situation.
The defeat of the regular resolutions leave
the delegates to vote according to individual
choice
In the first district there was contest over
| the delegate at large, which was carried into
| the Convention, but resulted in the choice OF
| Fred. q. Burr over Ex-Governor Richard u.
| Hubbard.
Burr is the editor of the Times of this city,
and Parsons, another delegate at large. is
editor of the Register of New Haven. The
latter supports ex Governor English, of this
State, for the Presidency.
The majority of the delegates chosen, it is
understood, will go with Barnum in support
of Tilden or his candidate. 1t is probable
! Waller will go to the Convention as a sub
stitute and he is anti-Tilden.
Adjourned.
South Carolina Republican state COnyen.
| fiOn.
| COLUMBIA, April 2Sth.-The Republican
| State Convention net at noon. No reporters
were admitted. E. w. NJ Mackey (white)
was chosen Chairman. 1t is not known
| whether the manner of the organization has
any bearing en- the Chicago delegation.
COLUMBIA, April 2Sth.-The Republican
State Convention re-assembled, with l20 dele
gates present-40 whites and so colored The
delegation to Chicago was instructed to vote
|
tions.
The Arkansas Republicans.
LITTLE Rock, April 2Sth.-The Republi-
can State Convention met at II NJ. The en-
tire afternoon was consumed in effecting a
permanent organization, with John A. Will
Jams, of Jefferson, as President. at 5 o'clock
the Convention took a recess
Foreign Banks and Hostile LEGISLATION In
New York-Ihreafencd Withdrawal.
New YORK, April 27th.-The Tribune has
the following The recent passage by the
Legislature of a bill taxing foreign capital
employed in this State has created much
uneasiness among the companies which it is
liable to affect. A meeting of the agents of
the Canadian banks doing business in this
city was held yesterday morning at the Office
of the Bank of Montreal. The bank was
represented by its President, Geo. Stephen,
General Manager Smithers and its New York
agent the Bank of British North America
by Duncan A. McTavish the Merchants
Bank of Canada by Henry Hague the Ca
madam Bank Of Commerce by j. G. Harper.
and the Nevada Bank of San Francisco,
which is supposed to be affected equally
with the Canadian banks, by its agent, Geo.
l.. Brander. The result of the conference
was the calling in by these banks of
loans amounting to about So, 000,0 600.
The agents of the Bank of Montreal
called in 81, ,250,000 the Nevada
Bank, S750,000 the Bank of British North
America, about $500, 900, and the others smaller
amounts. 1t is the intention of the officers
to call in similar amounts to-day, and per-
haps to continue this course until the loans
shall have been withdrawn entirely from the
market Some of the banks had already de-
cided to withdraw their funds, in view of the
hostile legislation, and the Bank of British
North America particularly, had been re-
ducing its loans for two or three weeks.
There was at the meeting no vigorous opposi-
tion to the proposed course. One or two per-
sons thought the plan had great advantages,
because it gave the banks an opportunity to
purchase foreign exchanges at low rates and
retire their loans gradually. The total
amount of these loans by foreign banks was
estimated to be from S25, ,000, 600 to $780,
000, 600.
In the official statement of the banks of
Canada, compiled from returns furnished to
the Auditor of Public Accounts, the balance
due from other banks or agents not in Canada
was as follows In January, $40, 755, 309 and
in February, $23 O32, ,297. The amount for
March has not been given. This sum is sup
posed to represent fairly the amount of
Canadian capital used in New York. To this
must be added the amounts of the Nevada
Bank of San Francisco, of the Bank of Cali
fornia, the Credit Lyonnaise. and the Hong
kong and Shanghai banking corporations. 1t
is not certain that the law applies to COM
mercial companies like the Merchants
Trading Company. The three last-named
companies took no part in the meeting yes
terday.
If the bill should become law, it is said
that the foreign banks will withdraw their
funds, and then contest the bill. In SINH
lar case about six years ago, when foreign
banks were taxed under the laws of 1855,
4of i III. e Al.
banks. The was then argued by VIM.
M. Evarts in behalf of the banks. While
the present bill was before the Joint Com
mittee on Taxation, the foreign capitalists
applied for hearing and it is understood
that Mr. Evarts had been engaged to appear
in opposition to the bill. The committee
refused to give the hearing asked for, and the
bill was passed by both branches of the Leg
islature. Counsel for the banks left the city
last evening for Albany, and conference
with Governor Cornell will be held to-day.
The agents of the foreign banks expressed
yesterday willingness to pay just and
fixed tax, but they declared that the proposed
law, imposing personal property tax on all
the money used by them, would force them
out of New York. The amount of tax
would exceed the profits of the business
They were willing to pay tax on revenue,
or on capital.
| The Tnittakcr case.
WEST POINT, April 2Sth.-In the Whit
taker investigation to-day, Cadet Turner said
he was appointed by MIR. Townsend. He
never spoke to Whitaker. because he did
not care to associate with him. 1t is under
stood among the cadets that they are not to
associate with him, except when duty re-
quires.
| Townsend-I appointed him on his merits.
| He passed the competitive examination. /
am not resposible for him.
Being further questioned witness said it
would affect his popularity if he associated
with Whitaker. Such is, he said, the gen.
eral feeling of the cadets. He had heard
| cadets say so.
Recorder Sears placed himself on the wit
ness stand, and testified that Whitaker was
one of the most attentive and industrious
students in his class. He was not deficient
in want of application or study. but witness
thought he was deficient in mental ability to
grasp some of the more abstruse portions of
subject. His social ostracism, of which the
Recorder said he knew nothing personally,
deprived him of an interchange of ideas and
hints with his fellow pupils, which was en-
| ioyed by white cadets. This was in some
degree made up by the Recorders assiduity
in explaining knotty points, as he has stood
as much as a half an hour with him at the
blackboard. Whittaker's average standing
/ from the loLn OF January up TO last saturday
was 216. The Recorder considered Whit |
| takers present position doubtful, with the
chances in favor of his picking up in the gen.
eral review and getting through. He had
studied well, and showed fair grasp of SUBJ
| jects.
In reply to Townsend, the Recorder said |
| ZIG was trihe over 66 per cent, or two
| thirds of the maximum. The trihe was fig |
| ured out and found to amount to per cent,
| making Whittaker's standing 72, or nearly |
three.fourths of the maximum.
''Do you consider 72 per cent. a bad stand |
| ing ?" asked Townsend.
The Recorder did not, particularly.
Colonel Peter L. Mechie. Professor of Ma.
tural and Experimental Philosophy, gave in
teresting testimony. While Whitaker was
| in his class his tendency was downward, and
| in January last, by the recommendation of
| witness, Whitaker was declared deficient
but General Scho6eld recommended to the
Secretary Of War that he be given another
chance, and he was sent back to the third
class, and at the same time white cadet,
| who had been declared deficient, but who
| stood higher than Whitaker, was discharged
General Schoheld testified that in 1879
Whitaker had been deficient in his studies,
but at his request, and upon Whittaker's
promise of improvement, he retained Whit
4