Morning journal and courier., 1880-12-23
News by Telegraph FROM ALL QUARTERS. Shernan'S Future. His Entrance to the Senate
 UnOppOsed. HIS SUCCESSOR IN THE TREASURY. "A Hard Road for GarfieId's
 Secretary. APOLOGY DAY IN THE HOUSE. Weaver and Sparks COnfessing Their
 Faults.
APOLOGY DAY IN THE HOUSE
THE NATIONAL CAPITAL.

THE NATIONAL CAPITAL. The Ohio Senatorship-Secretar Sher-
 man to Have a Walk Over-His Sue
 cessor in the Treasury and the Prob 1ems that will Confront Him.
 WASHINGTON, December 22.-The dec ination of Governor Foster leaves the vacant Senatorship of Ohio uncontested to Secretary Sherman. Undoubtedly the cry of no change greatly strengthened the Republican party during the recent Pres idential canvass, and there was a general feeling throughout the country, confined to no party, that in the event of a Republican uccess Mr. Sherman should rema in at the head of the Treasury. But his desire to re- turn to the Senate having been indicated, there has been general concession that he has earned the right to select his position for the next four years, and while he will not be in the next Cabinet his position as the only Republican Senator from the Presidents State will make him power which the next administration cannot afford to ignore Spec ulations as to his successor in the Treasury have as yet taken no tangible form. The Cabinet makers are reaching out all over the country, but find no candidate so pre-emi- nently qualified for the position. The new man, whoever he may be, will find himself in no enviable position It is generally con- ceded that during this session refunding bill will be passed under which the incoming ad- ministration will be expected to convert nearly seven hundred millions of five and six per cent. bonds into three per cents, par for par. Judging from the price of other gov ernment securities, a $100 three per cent. bond or treasury note would to-day sell for about $94. When MT. Sherman came to the Treasury in March, 1877, $1O0 four per cent bond was worth $92 only. After months, I41l c1yi fn1 f1oon nj
 Mir. Sherman succeeded in bringing the per cents to par. His successor must be ready under greater difficulties to bring to par at once the three per cents. proposed. All the 5's and 6's mature on or before July next, and the country will expect that their con-
 version into the three per cents will be promptly made that the difference in inter est, nearly $17, ,OOO, 900 per annum, may be saved without delay. On the success of this
 measure will largely depend the success of the new administration. No other measure of equal importance is likely to come before it. Mir. Garfield cannot afford to open his first year with financial failure. To ensure success he must have Secretary of the Treasury skilled in financial matters, with national reputa- tion for sound judgment and integrity of pur- pose, and Mr. Sherman as leading member of the Senate should be fully in sympathy with the plans and purposes of the new Sec ". tary may be, he has before him task to which he will want to bring all the assistance he can secure The funding bill now matur- ing will be moulded by Mir. Sherman, and the new administration will be much strength ened and the country is assured that the operations under it will meet his approval Thus MT. Sherman-win be in a position to be consulted and it is believed he will be, not only as to the financial policy to be hereafter pursued, but as to the person on whom shall be imposed the responsibility of making success of the important fnan- cial operations into which at once the new administration will be involved. Garfield cannot afford to antagonize Mir. Sherman and he can hardly do less than to consult him. Any speculation therefore which assigns to the Treasury any man who would be person ally and officially distasteful to MT. Sherman may be counted as worthless.
 The French and American Claims commis- sion met at 12 o'clock to-day, all the mem bers being present. The counsel of some of the claimants attended the meeting. The secretary announced that notice had been given to the French and American govern ments that the commission was organized and ready to proceed to business, and the agents of the two governments stated that their governments wereduly notified and they were ready to proceed to business According to the treaty the six months for filing claims begin to run to-day. Several amendments were proposed by the French consul to the rules now in force, the most i'm portant of which was to strike out the words requiring the names of witnesses to be fur nished the opposite side before their exami- nation. The agent of the French govern ment filed with the secretary the first case to-day. The committee adjourned till