davidaulloa/AmericanStories huggingface dataset:
The daily gazette., 1880-03-12


pensive operation. There are those
who give the Secretary much credit
for having, as they say, succeeded In
accomplishing resumption. The Presl.
dent had no hesitation in his annual
message, to refer to it as an eventof
extraordinary national benefit. con-
cur with him as to the great advan-
tage to the country of having secured
1t, but doubt whether the little that he
and his Secretary had to do with it has
not cost the country hundred times
more than their agencies in its accom-
plishment wereworth. They could not
have prevented it with all their power
over the Treasury it was the result OF
influences which undoubtedly compeu-
ed and forced it. 1l4S19gQ5iI had
am not to be understood as object
ing to resumption, but as objecting to
unnecessary expense in obtaining it.
Why should preparations for resump-
tion have begun so long before it was
needed? The law providing, for re-
sumption to take place on the LIST of
January, 1879, was passed January IA,
1873, and yet as early as January 20,
1875, fifteen days after its passage and
nearly four years before it was to be-
gin, SIS, 215, 500 Of per cent. bonds
were sold under this act, and ninety
million since. the money placed in the
Treasury, where it has remained USE
less andunproductivs ofinterest, while
the Governmene has been paying from
A to per cent. interest upon the bonds
issued. t'' lid tl'+ -li1isoo aaf
But this is not the most serious error
of the Secretary, as exposed in the ex-
tract above quoted. 1t will be seen
that he states that on the 9th of June,
1877, contract was made with syn
dicate composed of the First National
Bank of New York City and others
for the sale at par in coin of4 per cent?
bonds. Under this contract $50, 496,-
$50 were sold at par. On the 18th Of
April, 1878, ten months later, he sold
to the same parties 0.000, 900 of Al
per cent bonds at ] ! per cent. pre-
MUM, less of per cent. allowed for
commission, which left but S., 600, 600
for premium, thus increasing the rate
of interest of per cent, making q
difference of interest against the Gov
ernment upon the amount sold of 3d.
500, 900 per .annum for the whole
period that the bonds had to run,
which, being about fourteen years
made q net loss to the Govern
ment of $50, ,000,O 900. >, Under the
funding acts of 1870 and 1871, by which
authority to fund is conferred upon
the Secretary, it may well be ques-
toned whether, after the minimum in
terest Of per cent. had been reached, ,
any higher bond could be subsequently
issued. ~ ...'..l.'..'' =. 1900 ',,,'- M
Another yet more remarkable fact
In connection with this sale of Al per
cent. bonds is that at that time, April,
1878, these bonds were selling In New
York in the open market at 103, being
2 per cent. more than the syndicate
procured them for from the Govern
ment, making a profit on the transac-
ton Of $40, 900. 900. The -four percents
were at the sa~e time over par in the
same market. For the prices of these
bonds for the year 1878 see table A in
Appendix. ,ne lp f....5 -i'I '1...
The daily gazette., 1880-03-12
oyster Ptdntin0.

re hAhYLAHD PRoPLR COMPLAINING
ABOUT THEIR BIvALvEs BEING ThANs-
PLANTED.
rom The Centrevile (Md.) Record.
Capt. Samuel TrAvers, commapder-of
se steamer Leila Of the State Oyster
once foFce, says in his TESTIMONY be-
Ill., 'pe board VI Public Works, tha,
hs" sis oAs oesn taken from the Easter a
KY Sgo ouurlhg the spawning season of 1870
vvV and from Chester river 200 00I
Ssueis NM OF oysters, making a total of 25O..
Ss,s uuusS, and transplaAted. IN the
assfs ou OF Delaware, New jersey and
ounecIcut. Many of these oys ers
s1 o,ai sold by tongmen to be planted i'm
Shsu waters at eight and ten cents I,e,
ol'oo o lbey come In Competition III.
S"ywn'hR Sn year with the oys;ers oanoh,
s, .ae same parties for marker ana
End t'rsc reenuency TO keep down prices
~ May, 1879, one vessel from, The
AM .ook away from the Great Cb,n
fonr nset lo.OO0 bushels " bich cost ni,ix
~s. eents a bushels. These oysta !,
Sor. Se,o ueaded In Northern waters nn,,l
|snd sdper. so,. when they wore taken M,
'pactsr.u III competition with NATHAN
II anu Shippers
day in Wan uucoinlnon rhing any pleasant
feet ~ 90 Nay June and july to witness !
<rivsr pungys anchored In 'l,bes,e,
[at a,aN, dNw"ung to be loaded by tonumsn
&maiori,n anu tsn Gents a bnsb, m.
oystsrs % 1i These pungys transplant tbs
aIhs, a., tnus taken In the waters ~,
delnh a'es' hear New York and Pbils'
hahdsaa, anu In twelve montbs realize !
the LeaisIap'rn",na pr"nt' The law now befo, I
PLAINTIFF % per oashel for all oysters soIa M TO 10
teen cestl purposes n in our wa, ers aud NJ
to pon nas n1 per busLel for ali oyst. ~. :. al, a.
sea''eS.dents seasop Ttt during the spaw sy,. in.
tha, the ,an ne ooly objection to Ibs bill |,
shoul%% ~ TAX x Tor oysteis leaving tba IN @ S,a,. ~
comn,'.,pe pe doubled. The remsdv Sor '. a..
prices" pri",ns n,,', Of the tongmen aBont % lou ~,
astric, t.P,ellon s,isnAn of the beds, &c Hss /,
lug ,he enforcement. Of the law I, nr..un, Mos -
Ami is Is, sa,ISnipg snI Of oysters ssSss bet ea,
men ,hsmnl anl October LIST. Tbs ovs.a,
III the tnal resnlt "' nnos' pehe
The daily gazette., 1880-03-12
IA Wise Man Changes His
Opinion Seldom "A Fool Never. 4"

Some weeks since the Postmaster-G Gen.
rsl Instructed Postmasters 10 refuse TO
bgIstsr letters or Issue money orders ad-
ressed TO the Louisiana State Lottery
fbmpany, OF New Orleans. thus including
bis Company among those doing fraud
lent business. Having reconsidered his
ELTON, and being unable to satisfy him
hlfof anything fraudulent In Its opt rh-
IONS, he resclnded this order on the 2th
y February, and orders all mail facilities
htended again to the Company AZ iorm-
bly,. Buyers OF tickets, therefore, can
end by Registered Letters TO N. A.
DAuphin, New Orleans. La, or same at 8io
Broadway, New. York City. N. Y, for the
egular monthly drawing, on Tuesday.
&pril 18th, advertised at length elsewhere
D our columns. mario lw.
The daily gazette., 1880-03-12

sum there were al that time but 81, ,10o, :
b6S, 1870 funded, the balance being
made up Of various items of Temporary
obligations, some Of which were subject
to interest. The Finance Report of 1856
states that the average interest ON ST.
726 1000 900 Of the debt was @ 62-000 per
cent. The management Of the public
debt from that period has not been the
best that could have been dIvised.
There has not been q stable policy
founded ON principles Of enlightened
statesmanship. For the purpose OF
strengthening the public credit at the
commencement OF the war and giving
confidence 10 those who were disposed
to become Government creditors q so
called sinking fund" was established,
which was Immediately disregarded,
even by those who had created II, and
which has been irregularly complied
with since.
The anxiety to dispose Of our bonds
by employing the bankers Of other coun-
tries, as evinced In the proposition to
make the interest pay able In London
and other European capitals, the send
ing of agents abroad to open American
Government Offices authorized TO "auc-
tion" the bonds in those markets, and
the payment OF large commissions for
efiecting their sale, altogether had for
some time q depreciatiDg effect pom
our credit. "t-
These and other short-sighted meth
obs, hereafter TO be referred TO, show
ing anxiety to effect negotiation, served
for some time 10 make refuDding an ex-
ceediDgly difficult task at such rates as
our bonds were really worth. Recently,
however, In spite Of such mistakes, our
claim to high financial standing has
been universally conceded. Our credit
10 firmly established ON the best basis.
IL is recognized and admitted by timid
and conservative investors in public
funds, who hazard nothing at any time
aud under no Inducements.
THE PRESENT TIsCAL MANAGEMENT.
1t is said that the policy OF the pres
ent Secretary Of the Treasury has pro-
duced this confidence. have no wish
to depreciate the wisdom he has display
ed IN some Of his suggestions. Person
ally have much respect for his astute-
ness and tact, but I am compelled to
withhold approval OF the many serious
blunders he has made as the custodian
Of the financial interests Of the Govern
ment.
Before making direct reference to the
Immediate question involved IN the re-
funding Of the maturing bonds, will
refer to some Of these errors.
It is the general opinion that the out
standing funded debt has been decreased
within the past five years. According
to the table furnished by the Complrol-
Ter Of the currency (see Report for 1879,
p. 12) there has been an increase since
1878, when IL was but 81 1896, ,S05, 900;
whereas 1t was, at The beginning OF this
fiscal year, $1,S77, 10000. The Comp
troller's table and the annual interest
charge Is as follows; the interest charge
10 taken from the several annual reports
Of the Secretary Of the Treasury during
that period:
TABLE SHOWING THE AMOUNT OF UN-
MATURED INTEREsT-BEARING BONDS
nTfTaT AAnIAa
The daily gazette., 1880-03-12
City Council.

REGULAR MEETING LAST EVENING
THE P., W. SB. r. r.. PETITION LAft
OVER UNTIL .NExT,M G-oTHEH
MINOR BUSINESS TRANSACTED.
City Council met last evening in reg
ular session, President Sharpley in the
chair. ,df
The session was prolonged until Q 90
o'clock, owing to q debate upon the
following report presented by Mr.. Nc
Menamin, in relation to- the petition
of Chas. Warner for the P, W. q b.
r. r. Co.: llb
WILMINGTON, March 18th, 1880.
To the President and Members Of Ooun-
cil.-tt 80 ID - .-i
Your committee on the petition of
Charles Warner, of the p, W. Il b.
r. r. Co., asking permission to lay a
new track on the north side of Water
street, to commence at the centre of
French street, report in favor of grant
ing the prayer of the petitioner. with
the understanding that. a sufficient
space be left open for travel of at least
eight feet, and your committee report
adversely to granting to said petition
er the use of Vandever avenue, but re-
commend the use of any street. south
Of Vandever avenue, and north of
Thirteenth street. =..4
WILLIAM McMENAMIN, -.
B. F. TOWNSEND, ..i
..NFr p. CHANDLER, d., .
Z. W GL4 DAvIDR, Smith, Il
r. H. TAYLOR, 40
,t Oh. ALvAN ALLEN, s...
LEWIS PAINTER.
Upon motion to adopt the report,
Mr. Carmichael said that he was op-
posed to granting the Company the
privilege OF. lay ing an additional track.
The company had already occupied too
much of Water street. 90 %
Mr.. Paynter said he could. not un-
derstand the objections of the gentle
man from the Fifth Ward. The rail-
road company did not want to occupy
the street, they simply desired to lay
an additional track, which would in
no way interfefe with persons who de-
sired to pass along Water street be-
tween French and Walnut. They do
not, ask TO block, up the street, and
even, if they did, /, the City Council
could not grant them the privilege, as
it would require an act of the Legisla-
ture. In place of the brick pavement
whichis now there, the company would
place board platform, which would
be more pleasanter thansa pavement.
Mr.. Carmichael in replying to Mr..
Paynter, said that from what he could
understand, the. present pavement
would be moved further toward Front
street, and that track would be put
down where the present pavement is.
If THIS was the case, the new pavement
would be opposite the private door of
the United States Hotel, and further,
the company did not propose to relay
the crossing. They now run their
tracks within two feet of the pave
ment, which is very narrow one, and
have thereby injured the property
along the street between King and
French. s.aI
Mr.. McMenamin said that accord
ing to the plans of the company as
The daily gazette., 1880-03-12
an Osttrssae I'm Erie.

ERIE, Pa, March 11.--This morning
james Mulaven entered the home of Mr..
Heury Dierks during his absence and
made q desperate attempt to outrage
Catherine Dierks, child Of eleven
years. A neighbor, Tearing the cries,
Came to the rescue, in time to prevent
the commission Of the CRIME. The girl
was brutally handled. a''' s2ri'
Everywhere you go, you are ceYtsin
Bulls Baby Syrup. aA
The daily gazette., 1880-03-12
a777sa -
A $1,000 Ssunramtea

Warmers Safe Kidney and Liver Cure
Eill positively cure Bright's Disease and
plaoeles; and 1t is guaranteed that II
Eiii alIo cure W per cent. Of other kidney
diseases, and will help in every case with
pulih injury to the system, when taken ac
Ui1lng 70 directions, and the sum OF
OW WIN De paid TO any person who caLi
prove that II has failed TO do II. m
Edrnsr q Co. febZ7 .2weod
The daily gazette., 1880-03-12
From a well.known citizen of Chicago.

CHICAGO. ILL.,, Jan. 1850.
D, H. Warner & Co., Rochester, ". r.:
GEsTLEsEs;-I have us.d Warmers
aie Kidney and Liver Cure with the
featest satisfaction. II is the only reme-
d have ever used that l can recon-
pend to my friends, as IL has cured me OF
Prighls Disease OF long standing. after
avlng visited the White sulphur springs
\ Virginia, and trying innumerable so
piled remedies" Of the day. Having
eAded here for forty-seven years, my
flends will be glad 70 see this stateme ent.
|he discoverer is, indeed, q public bene-
betor, WILLIAM II. PATTERSON,
|Dl Wabash avenue, near Twent y Ninth
Areet' marlIeod2W
The daily gazette., 1880-03-12
,nh neal o Estate saIes

sold II. his w. ". HENDERSON Of Ayondals has
the same T.ss' pIaSss to to Joseph L. Wight Of
srs farm, 1Oa aosaS vsav ha, sold the DR.. Ay-
su.p, % a .'' "a ac'es' in NewlLondon town. WI
township. i'e"''a'u vi Iredy min
AbiUo'G%nlb' bi@'%bl, :, ,don," farm o, oeo ..... ;.
na, 3 been sold ,e'I ,o Hariord county, Md,
Baltimore tur 20 . Joseph e. Bateman o.
The daily gazette., 1880-03-12

On motion, william Baxter; Treas
urer, was directed to transmit the
amount 10 Hon. Frederick o. Prince,
Mayor Of Boston, and John Boyle
VReilley, Esq, 1reasurers Of the Irish
Famine Fund. o'lat nf a"7rIsd
There beng no further business the
committee adjourned sine die. In con-
formity with the motion, Mr.. Baxter
has forwarded the amount s729.20 TO
the treasurers named, BY . draft ON the
National Park Bank of New Yolk, said
draft being drawn 70 the orders OF Hon.
r. o. Prince, ana J. Boyle O,Rieliey. =.
This action practically ends the move.
ment at this city but any person desiring
to subscribe to the fund, may leave their
subscriptions with Mr.. Baxter, who will
forward 1t to the proper ofiicers.
The daily gazette., 1880-03-12
Meetings 'rO-NiEht.
FRIDAY.

N. :, A.
Co. {. DUPONT Guards.
The Excelsior Democratic Club.
FaSfsl0T Faifia1 Ldds.s' aHSsf, so. NO. 3 <. az
Rescue Council, No. 3, o, u, A. NJ
Columbia Lodge, No, 10, /, %. q. n.
washington Council, No, 4, o. u. A. NJ
delaware Tribe No. I. Imp. .. Il. M.
The daily gazette., 1880-03-12
Irish Relief.

FINAL MEETING OF THE COMMITTEE
OF THIRrY-oNE--REPoRT; OF THE
TREAsURER-DIsPoslTIoN OF, THE
FUNDS.
The committee Of thirty-one appoint
ed some time ago to solicit aid for the
Irish sufferers met last evening, and after
bearing the report of the Treasurer,
William Baxter, and providing for the
disposition of the funds, adjourned sine
die hpt' .ff : fs-tt-y
The daily gazette., 1880-03-12

will not hs ,,l "no h-ve gwen IL n trIa
Cough sS, Ue Without it. Il cures. DR.. Bull,
The daily gazette., 1880-03-12

.,r,rm may be found on i,ls |. q, Z g Geo; : :
RoweniiO 10 ; pruce ST. where adverSlslhk vnnh
p ,,srtt s% Sig nay AZ be made for itin New foTk'
The daily gazette., 1880-03-12

DTrrkaI asI4H ..H4ID
i-i4lm IHsia.ssE
The daily gazette., 1880-03-12

sion.............,.........1 .13, ,4Os, ,744OO
l leave out this account the five and
q half million bonds sold to pay the
Halifax award, which were sold for re-
sumption. :
tenders redeemed, which has cost s13,-
4OS, 744 to redeem. This was an ex-
The daily gazette., 1880-03-12

-Al sll0 lt- HaA sI-E .fIlfn.
-4s" -ts'ufa. u.I aft au4f.r u.
.hfnea . - sstfgrlh 'uf a
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-08-30
MINING NOTES.

Rich gold lodges are reported in the Bald
Hill District, Del Norte county.
New placer mining ground is being
opened at Columbia Hill, Nevada county,
that pays well.
Ten ounces of coarse gold were washed
out on Otter creek, Ell Dorado county, in
two days, recently.
The break in stocks has interrupted
number of proposed European trips. The
boys can't go abroad until they have cleaned
up on big market.
Three men are at work on the property
of the Butte Lode Mining Company, stu
ated on the South Fork of Feather river,
about two miles above Enterprise, running
a tunnel. The vein is a streak of decom-
posed quartz assaying S75 to the ton, and
the dirt is similar in character to that
found in Gold Hill district, Nevada The
deposit was opened some years ago, but
abandoned because of lack of means to de-
velop it.
The rich vein struck in the Rocky Bar
mine last week shows no signs of giving
out says the Grass Valley Union of August
9th, although no pieces of extraordinary
richness have been brought to the surface
during Ine present week, aS urllGlnB mas
been going On. The ledge in the drift,
however, shows well in free gold. On
Wednesday 6l0 pounds of the rich ore that
was taken out of the mine was run through
the batteries of the mill, and in two hours
and half run 542A ounces of amalgam
were taken from the battery and plates. A
full clean.u up of the rock, it was estimated,
would give full 600 ounces, making yield
of over $1,000 Besides this the company
has yet on hand specimens to the value of
So, ,OO0 All OF this rock was taken out of
the mine in three days out of a space not
exceeding ten feet.
Day before yesterday, about noon, says
the Gold Hill Ne,es of August 26th, the
giraffe got off the track of the incline at
the Hale & Norcross mine, and got SO
wedged in against the timbers that it
could not be moved. There were twenty
men on the 2, 400 level that had gone down
at o'clock in the morning, who were left
without means of reaching the surface ex.
cept by climbing the incline. About Q
o'clock yesterday morning, seventeen of
the number performed this feat, climbing
up to where they could go out to the
Chollar- -Norcross- Savage shaft, but there
being a very hot place to pass through,
three of the men could not undertake the
trip, but remained below until the giraffe
was again put in motion, which was about
noon yesterday. 1t was not SO hot below
as to in anyway injure the men, but their
position was very uncomfortable one
during their imprisonment.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-08-30
MISCELLANEOUS.


The public debt statement will show re-
duction during August of ten to twelve
millions.
The Supreme Lodge, Knights of Pythias,
will hold their next biennial session at De-
troit, Michigan, in 1882.
The steamer Silesia, from Europe, brought
to New York Saturday 81, APE. 900 in German
marks and French francs.
The statement that Marquis Tsng has re-
quested Russia to send an ambassador to
Pekin, and that the request had been re-
fused, has been automatically denied.
A German Imperial rescript intrusts the
Minister of Commerce and Industry, va
Gated by Herr Hoffman, created Secretary
of State for Alsace-Lorraine, Professionally to
Bismarck.
The Treasury Department will transfer in
TIE early part of this week to the bullion
fund of the New York assay office $40, 600, ,00O
in gold coin. in payment of foreign gold re-
ceived from Europe.
Reuben E. Fenton, Ex-Governor of New
York, is prostrated at his residence in James
town, N. Y, by illness caused by a sudden
change Of temperature while in New York
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-08-30

recently. His attending physician is hopeful
of his recovery.
1t is understood that the effcrts of Commo-
dore Schufeldt, commanding the United
States steamer Ticonderoga, to negotiate
treaty with Corea to open her ports to Ameri.
can commerce, has been unsuccessful.
John Morton and Frank Mccormick. rail.
way switchmen, the former in the employ of
the Wabash. and the latter of the Lake Shore
Company, were run over by trains at Toledo,
Ohio, Saturday, while in the discharge of
their duties, and killed.
Negotiations for q Servo-Turkish Conven-
ton have been proceeding for the past year,
but no agreement can be come to, as the Porte
declines to grant Servis the same privileges
as Roumania enjoys. Consequently the
Turkish Consul at Nische remains unrecog-
nized by Servia.
a fire took place in the rock-washing room
OF the Pacific Mills, at Lawrence, Mass,
Saturday, one-story building having neither
doors nor windows, the entrance being
through sky.light. Michael Lenegran and
Patrick Moriarity were unable to get out and
were burned to death.
A dispatch forwarded to military head
quarters at Chicago from Camp Houston,
dated August Goth, says that Captain Bell
reports that one of Lieutenant Gresham's
parties, under Sergeant Darvint of Company
4, Seventh Cavalry, overlook a party of
hostiles, killed one, wounded several, and
captured six ponies and one mule.
r. McClelland. former Governor of Michi-
gan, and President Pierces Secretary of the
Interior, was stricken with paralysis at De-
troit Saturday afternoon, and at late hour
that night was lying in a very precarious con-
dition. There are grave fears of fatal ter
mination. His age is II.
Diritto, of Rome, the ministerial organ,
says: IF the Powers make naval dem
onstration in Turkish waters. England, Italy,
France and Russia will each be represented
by their ironclads, Austria by two and Ger.
many by one."
Eight prisoners escaped from the County
Jail at Mays Landing, n. J., Saturday
night. during the absence of the Deputy
Sheriff.
Among those who will accompany the
President to California aie Colonel A. Nc
Cook and Surgeon David l. Huntington,
United States Army.
a Chicago Tribune st. Louis special says:
General Jehn A. Mcdonald states that he
win lecture this fall His book comes out
to-day, but does not tell half what be knows.
He expected to be arrested for criminal libel,
but he was ready for it.
Andrew Speiro, of San Francisco, pas
senger of the outward-b bound steamer Ger
manic was swindled at New York on Sat-
urday out of S25 by confidence operator.
Theodore Marsh, clerk in the Girard Ma
tional Bank at Philadelphia, while ascending
a stairway leading to the money-order depart
ment of the Postofsice, Saturday morning.
was jostled by three men. and few minutes
later he missed from his pocket package
81, 543.
During the week ending on the Dist, there
were issued from the Mint by the Treasurer
of the United States 331, 99i standard silver
dollars for the week ending to-day, 1863, ,49S.
The amount issued by the Mints for the cor
fortnight last year was $443, ,054.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-08-30
HALE & CO., CRITERION STORE.
ATTEMPTED BULLDOZING


sIseey
welfare will not
all merchants believe nothing sell Thread
perssting to selC COATS for centsad doe
OF Ere,
$780,.
"MF A COOLOT sell j.
COATS cheating
his other Yours, KITTLE CO.,
P. the Pacific coast"
notice. With A. COOLOT,
(ALC)
PS-Au the
sell anything
This implies only the city
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-08-30
"oLD LANDMARK OF INTELLECTUAL
POWER"

The RECORD UNION has entered upon the City
fourth volume Of its series, having issued aggre-
gate Of over nine thousand editions. Sacramento
may well be proud Of this old landmark OF intellect
ual power. Years ago the !" old UNION" was the
recognized pride OF the State and, while the con
solidation may not have proven the signal OF IL
newed vigor from editorial standpoint, having
reached the probable Climax the news department
has been greatly improved, and to-day the RKooRD-
UNION stands pre- eminently first newspaper.
And Sacramentans may well congratulate themselves
upon their morning feast, and with one accord thank
a management that brings to them much Of the
worlds doings on single platter.
Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-08-30

Two friends were dining in Paris res
taurant overlooking the Seine, whose pro-
nr;etor would skin customer as remorse-
iessly as he would skin an eel. 6 This is
an admirable view," said one. 81 love to
sit here and look at the boats. "Sh !!
Speak low. The boss viii put the boats in
the BILL"