Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-02-16
DOMESTIC NEWS.
Capital Notes, from Our own Corre-
spoBdcnt.

Capital Notes, from Our Own Core
spoBdcnt.
THE BALANCE OF TRADE ON THE WRONG SIDE
WASHINGTON, February 14th.-The bal
ance of trade has, comparatively, for SO long
a time been in our favor that the popular i'm
preston has been created that it is destined
permanently to remain so. Sagacious anG
experienced business men have, however, an
ticipated return of the period when the bal
ance Of trade would shift, and the outflow o.
specie from this country recommence. Thii
has been the view Of the Treasury Depart
ment; and while there has been no appre
hension felt as to the ability to maintain spe
Gle payments, it has been seen that over-con
fdence might have the effect to- seriously
check the era of prosperity on which the
country has entered. From returns received
at the Department it is shown that imports
at New York for the last month were greater
than ever before for the same month for any
year, reaching in value COCO, 00O. New
York does about two-thirds OF the import
business of the country. and one-half of the
exports. 1t is calculated from the figures fol
the month of January that the balance Of
trade against the United States for the last
moath was not less than $40, 000 900, and it is
thought that this balance will increase rather
than decrease. Should this be the case, its
effect will soon be felt in every department OF
business. The character Of the imports shows
that our people are again running into the
extravagance and indulgence In luxuries
which pertained TO the war era.
THE NEW RAILROAD BILL.
Notwithstanding the general impression
that the substitute BILL adopted yesterday by
a majority of the House Committee on Com
merce, was entirely acceptable to railroad
companies, if not directly procured by their
influence, it is ascertained that the ninth Sec
ton of the bill is extremely Objectionable to
them, and that on account OF its incorpora-
ton in the measure they will oppose the whole
bill in the House. unless it be eliminated, or
materially modified. The objection to it is
that they are not willing to intrust the men
appointed by the President, who would form
a controlling majority of the proposed Board
of Commissioners, with absolute power to de-
termine what rates of toll are "fair and rea-
sonable." The section referred to is as
follows:
Sec. 0. No company companies, railroad cor
poration corporations. person or persons 60 en-
ployed as aforesaid ia operating line or lines or
railroad through two more States, or parts of
States aforesaid shall charge, collect, demand
receive than fair and reasonable rate of toll
or compensation for the transportation from one
State or Territory. or another State Territory or
to and from any foreign country 80 far as the rate
shall relate to the between the States of
freight of any kind or description or for the use
and transportation Of any railroad upon its
track and for each and every violation OF this Act
by charging, collecting, demanding or receiving
more than such reasonable rate, the company OF
companies, corporation or corporations, organiza
ton organizations, person persons offending
shall be Jointly and severally liable for extortion
n
provided
SENATOR LAMAR.
Senator Lamar arrived to-day, and viii
take his seat Monday. He still uses 9
crutch.
PROCEEDINGS IN THE HOUSE.
The House met for debate only, and was
addressed by Bright on funding the public
debt. He attacked the money oligarchy
which had for so long time dictated legisla
ton, the rapacity of which there appeared tC
be no bound or bottom.
Finley advocated his bill to equalize
bounties. He asserted that it would not prob
ably involve the expenditure of more than
$50. 600. coo, instead of 500, 900, 600, as esti
mated by the Secretary of the Treasury.
HAYES discussed the mary phases of the
financial question, stating tkat he hoped that
for one session, at least, Congress would
cease all attempts to change or disturb it.
The people wanted no more Congressional
tinkering with the currency.
Joyce spoke In opposition to the reciprocity
treaty between Canada and the United
States.
Myers followed, in favor of the bill intro
duced some time ago by himself for the re
tirement of National Bank notes.
Labor Agitation I'm Denver.
DENVER, February 14th-Denver is a
present undergoing the first labor agitation o.
It's history, and as the agitation is general
the feeling manifest among laboring men anC
Others is quite intense. The laboring classes
have for several months past been gradually
tions of the kind have been perfected. Thsy
comprise printers, carpenters, plumbers
brck-masons, stoue-masons, painters, plas
terers, horse-shoers, saddlsrs, cigar makers,
molders, BARRIERS, walters, cooks blacksmiths,
cabinet-makers, locomotive engineers and
firemen. These Unions met in mass conveu
ton tonight, and took steps TO organize q
Trades Assembly, which, it is claimed, will
constitute voting strength of 1900, and 6
commercial patronage of Sl25, 600. 1t is be
lieved by the leaders of the movement that
this consolidation of the working classes
bids fair TO play strong part In the politics
of Denver and the entire State. The step;
taken tonight in consolidating these diff
ferent trades were caused directly by the re
cent action of two of the newspapers in re
ducing the price of composition. During
December the local Typographical Unior
advanced its schedule of prices from 40 to Al
cents per ], 900 ems for night work, and made
corresponding advances in all branches of the
trade. The advance was accepted at the
time, though with poor grace, by the propri
etors. Some two weeks ago the EeeninS
Times demanded q reduction on the part Of
its worllmen to the old prices. This they
declined to make, and the office was filled
with nom Union men. Early this week the
Rocky Mountain Ne,cs duplicated the Times
demand, which was at first rejected, then
accepted, aud again rejected; the result being
that the Meas Office was filled with printer.
not members of the Union. The meeting
tonight was enthusiasts, though orderly
and was attended by fully 500 people L
was addressed by several persons, including
Brick Pomeroy. Among other scheme
which the Workingmen have on foot is tia
of starting an afternoon paper, with Pome
roy at the helm.
Or. aniza.Ion of n sherman Climb In New
York.
New York, February 14th.-The " Johr
Sherman Club" was organized tonight by
merchants, with Samuel A. Hames as Presi
dent The resolutions adopted declare
"That he has maintained the public faitl
and lifted high the standard of nationa
honor. He knows the resources of the caua
try and its needs With him for President
we khow that the whole Influence and power
of the Executive Office would be welded t
enforce the law to maintain liberty and the
rights of all men, white and black, through
out the length and breadth of the land !; tt
maintain resumption to embody into law
sound financial aud economic measures 4; t.
nurture and increase our manufactures anG
our commerce, and build on the rock of solid
finance all the business interests of the coun.
try. We therefore advocate his nomination
for President of the United States"
strife Among RaiIroad Companies.
Chicago. February 14th.-The sales OF
CHEAP tickets to Colorado points were again
larce Yesterday. Every precaution is taken
10 prevent it, but scalpers, nevertheless,
secnred large numbers, and when the rates
are restored by the companies, can do a very
waving business by selling at full figures, OF
selling at a slight reduction, snd thus having
tbe advantage over the companies IN making
ssIes The Inter OCEAN states = possible out
&c of the pending difficulty, heretofort
,,,1,,tioned in these DISPATCHES. A STRIFE
. ,,sng the railroads out OF chicago, OF
4;.i,sts to Colorado and other points, nal
- the attraction Of travel from III
t. y;a Chicago that would otherwis,
have gone By way OF st. Louis. Ant