The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1880-03-03
WASHINGTON.

Washington, o. The bill intro.
daeed in-ths Senate, to day, by
Bailey, to refund the national debt,
authorizes the secretary OF the treas
ury, whenever the bonds now out
standing shall become due, to. issue
bonds in exchange for them, bearing
4 per cent. interest, and redeemable
at ths pleasure of the United States
after twenty years. Il also proydes
for the issuing of s2o0, COZ. 600 notes
bearing 81 per cent. interest, redeem
able after two aad payable in ten
years from date of issue, but pro-
hibits q redemption of more than
$40, 100000 of these notes in any
fiscal year. n GgHY TEE TTr HFII
The House committee on territories
agreed, to day, to report fayorably to-
the House the bill extending the linz
Its Of jurisdiction of justices of the
/ peace in the territories of Washing
ton, Idaho and Montana. 1t also
agreed upon the bill fixing the COM
pensation of the presiding Judge Of
first judicial district Of the territory
of Dakota at 81. 500 per annup. Il
At cabinet meeting, to-day, there
was quite prolonged discussion on
financial subjects. Secretary Sher-
man stated that the silver in the
treasury was increasing, and Was
extremely difficult to circulate, owing
to the convenience Of silver certifi
Gates which are invariably preferred to
the coin. He thought that
silver certificates we're great
hindrance 10 the free, circulation oil
silver coin.
Supreme court decisions were
rendered to-day in several cases
involving the question of taxing
| national shares. The. general result
of the decisions was that the court
holds that The systematic and inter
national assessment of national bank
shares st their full value, while all
other moneyed capital is assessed far
below It's true value, is a violation of
the action prescribing a rule for
taxing shares. aro w. ga.
Chicago, 2.-IateT- GceGR'S Wash
ington: The committee On judiciary
today agreed to report favorably the
bill providing that the United States
circuit court shall sis in all places
where district court is held. As
soon as an opportunity offers the bill
| will be reported and will no to1bt
sherman's friends here are a coed
| deal encouraged by the news flom.
Ohio, that many men who have
heretofore voted the democratic ticket
have Joined Sherman clubs and ex
pressed themselves as intending 10
vote for him ifnominated, on business
grounds, At both Mansfield and
Cincinnati Sherman clubs are re-
ported to bear the names OF several
who have hereto voted the democratic
ticket. .5es.af,a- No.
Ex-Copgressman Mackay, Of South
Carolina, in this city, reports the
/ negroes Of that state almost unanimous
| in their preference for Grant; white
republicans are mostly for Blaine.
| Mackay- thinks either Grant or Blaine
can carry the state. ~ e5-sr tpr
The imports of gold to this country,
which were so large three and five
months ago, have ceased almost en-
tirely, and the tide has turned the
! other way. II the imports keep up
until June to the amount reported IN
January and February, the balance
of trade in favor of United States will
be reduced to very low figure for
this year, and hegold aecum ulation
will be drained away. The secretary
is anxious to get silver dollars into
circulation, and use them instead of
| gold in the markets. The New York
money markets is now almost en-
tirely dependent upon the action Of
the treasury, the large increase of
business everywhere having absorbed
the currency and the monthly pur-
chases Of per cent. bonds that will
be made by the treasury will have an
important effect upon financial
centres. II is understood that an
important circular ia being prepared
at the treasury with reference to
getting silver int1 circulation.
Congressman BelzshooYer, of Penn
syIYenla, VIII concluue the discussion
in the Washburn case before the
| committee on elections on Friday,
when vote will be taken. Belz.
showers argument is waited with
great interest. There does not seem
to be any hope now of obtaining a
| non-partissn report from the COM
mittee, but as far as can be learned,
all democrats will vote to turn Wash
burn out and seat Donnelly.