The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-02-14
NnkllilI0fNfr.

/ IEATED
| CONVENTION PERSONAL-TBE LYNCHBVRG
| TOBACCO BILL PASsED-Flsu.
! From our Regular Correspondent
! WASHINGTON. February l3.-Ihe inter-
view between the Secretary Of the Treasury
and the Senate Finance Committee came
out to-day and covers about eighty-one
pages. II embraces all that was said on
/ both sides In regard to the Bayard resolu-
ton, the cost Of putting the per cents. on
the market, the character Of bonds TO be
/ issued under the refundns scheme, and the
amounts made by the New York national
banks out of the Government, &c. Mr..
| Beck showed great familiarity with the SUBJ
| iecs discussed, and in spite OF the presence
/ OF Mr.. Bayard pressed Mr.. Sherman for
direct answers as TO the effect the proposed
repeal OF the Ieeal-tender quality OF the
greenbacks with perseverance that would
take no denial. Mr.. Sherman at times an
swered like a presidential candidate and
eyaded square replies as long as possible.
lie was finally, however, compelled to say
if would be indicate for him to c0nstrue
resolution which was before the Senate for
consideration. Mr.. Wallace supplemented
MIR. Beck's questions with most per-
tinent inquiries, and showed that he, too,
had given the subject much Investigation.
Mr.. Sherman had finally to admit IN sub
stance that the national banks, II the Bay
ard resolution passed, could redeem their
outstanding notes in greenbacks, because
the grcenbacks would still be lawful money,
and that bank notes would rcmaia legal
tender to creditors Of the Government, H.
Guiding congressman, except bGndhOlders.
Mr.. Allison asked questions which were
sensible. and which indicated that he Is raE-
er on the fence; but Mr.. Ferry, from the
printed repoIt. seemed unfortunate in the
matter and language OF hi, questions. In
fact. when he asked one that the Secretary
did not fully understand, and followed it
with an explanatory question OF some
length, Mr.. Sherman, presidential canal
date as he j., was forced to acknowledge
that he did not see the point. MI.
Herman seemed to consider the ques-
ton from purely legal standpoint,
and Mr.. Morrill, said but little, but that was
on the side Of Mr.. sherman. Mr. Bayard,
while he did not take a prominent part On
5 the Interview, must have been nettled at the
searching questions Of Mr.. Beck. Mr. Sher-
, man favored, as YOU already know, per
/ cent bond, and cOntended that to maintain
: 800 bond at par A per cent. bond should
be at 100. Now, his want Of perfect faith
in the 4-per-ceu. bond before it was issued
, has not been forgotten, aud the House
Way, and Means Committee has shown that
il does not believe in the infallibiliy OF bis
: Judgment as to bonds. The tables wblch
be submitted in connection with this SUBJ
iect must have made the heads OF his su6or-
dinates ache who prepared them. He as
serted that the First National Bank OF New
York city cot what it earned in con-
nection with the sale Of per cents.
. He gave a striking definition to that bug
! bear alike to financiers and other people,
, the sinking fund, when be said it il nothing
.. more nor less than the surplus revenues OF
! the Government, and that a government
r without surplus revenue cannot have Il
! sinking fund. "There is 10 way in the
world" said be. "to pay a debt except by
I having an income above your expenditures,
+ and you can call your surplus revenues Il
sinking fund il you choose TO do So"
; There were but few questions asked him
| after he left the Bayard resolution, and the
interview from that point, though sensible,
is not specially interesting. Mr.. Sherman
incidentally alluded TO the fact that in 1872
the French Government sold its per cent.
/, bonds at 81 and they are now worth III.
THE REAGAN Bull DEFEATED IL COMMITTEE.
The Reagan interstate commerce bill was
=, to-day defeated finally in the House Com
merce Committee, Messrs. Reagan, Kenna,
BeaIe, Acklen, Turner, and Clardy voting
for il to the last. The committee deter
mined to report in favor OF the railroad
commission proposed by Charles Francis
Adams, which is to investigate pooling, &c.
The committee, however, agreed to report
! in favor Of legislation TO prevent rebates
and discrimination. This is Just about what
Colonel Carter. your Railroad Commits iOner,
Yesterday suggested ought to be done, as
YOU will see from my last nights dispatch.
Judge Reagan is not in good humor, and
believes that in some way the committee was
packed with view OF killing his pet bill.
THE DEMOCRATIC OBSERVATION-DISCLOSURES
AND CHICAGO.
asked one tonight in position TO
know to tell me how the fight stood between
the cities that want the Democratic Ma
tional Convention, and he replied, Wash
ington had no chance whatever, and ii still
is between Chicago and Cincinnati.
PERSONAL NEWS ITEMS.
Mr.. JorgenSen has gone to New York.
General Johnston to-day saw Messrs. Car
Isle and Gibson, Of the subcommittee on
the export tobacco bill, and urged them TO
report it as speedily as possible. General
Lilly was at the Capitol to-day. The House
refused to take up the FtZ-John-Porter
case to-day, and those who wanted TO hear
General Garfield assaIl the Confederate
brigadlers were disappointed. A solitary
negro slept to-day in one OF the Senate gal
leries, OF which he was the sole occupant,
until time to 90 10 the murder trial; he had
been doubtless foraging all night. DR..
Mary Walker was again before the Pension
Committee OF the Senate, and urged that
her pension be increased from s. to $50 per
month it has already reported adversely TO