Northern tribune. [volume] (Cheboygan, Mich.) 1875-1885, 1881-02-12

United States for the calendar year 1880
was $192, 846.4O7.
Or the public debt which must be paid
within the next six months there is but
$71O,55O outstanding.
The postal bill. as reported to the Sem
ate, increases the amount appropriated
by the House by $250OOO.
THE $25 license tax imposed by the
United States Melted $61. IA from Michi-
gan retailers during the fiscal year 1880.
THE Scientific American estimates that
more than $35.OOO,OOO was brought into
the United States last year by foreign
immigrants.
THE per cent. bonds due in 1907 are
selling at 1875, which does not indicate
either stringency in the money market
or an increased value of money.
THERE is a proposition now to drain
Lake Okeechobee, in Florida. The pro-
ject is said to be feasible, and will re-
suit in rich sugar lands in extent twice
the size of the state of New Jersey.
CANADA has spent on her canal system
$37, 100000; on her railways about $62,-
$4,000; on light houses and navigation
100000. The interest on the public
debt of the country is about one-fourth
of the annual income.
THE exports of merchandise from the
consular district Of Lyons, France. to
the United States for the month of Janu-
airy amounted to 5,2S3,635 francs, an in
crease of nearly 2,OO0.OOO francs over the
exports of December, 1880.
THE House committee on Ways and
Means has voted for the abolition of the
tax on matches, bank and savings bank
deposits, bank checks, patent medicines,
Eperfumery, ETC., but has refused to abOl-
ish the tax on bank capital.
THE weather in the East last week was
the coolest experienced this winter. The
bays and rivers were frozen up, and
navigation between cities on the coast
practically suspended. A dispatch from
Ottawa, Ont, announces a regular North
western blizzard, the thermometer thirty
degrees below zero.
1T is reported from Harrisburg that
the Oliver men in the Pennsylvania lsgis-
lature propose to adjourn about the third
of March, in order to allow the governor
to appoint a senator in place Of Wallace
Oem.), whose term will expire then, and
prevent the Republican vacancy which
whould otherwise exist.
In the case of Rufus Hatch, of New
York, against the telegraph companies,
Judge Barrett refused to grant an in
junction to prevent their consolidation.
The companies accordingly completed
the arrangement already agreed upon,
and the Western Union took possession
of the offices of the American Union and
Atlantic and Pacific.
1T is reported that Gen. Hancock has
accepted an invitation to attend the III
augural ceremonies of Gen. Garfield.
This is as it should be. Douglass did the
same for Lincoln. And as an officer of
the army, and distinguished Union SOL
der, Gen. Hancock was entitled to the
compliment, which he does graceful
thing by accepting.
The Chicago Inter Ocean says the last
three months of 80 and the first three of
81 will be long noted as a season of
great harvests. The first crop gathered
was the Democratic party; the second,
millions of tons of ice; the third crop,
equally promising, are the disappointed
Cabinet statesmen. In view of the i'm.
mense demand for the cooling board, q
the ice is in the nature of positive
blessing.
The refunding bill as reported to the
Senate makes the bonds redeemable in
five and payable in twenty years, and
increases the rate of interest to 81 pei
cent. The Carlisle amendment, provid.
ing that only the new bonds shall be re-
ceivable as security for national banl
circulation, is stricken out. The allow.
ance for expense Of issuing and placing
the bonds is increased from a to Il Of
one per cent.
The Democrats are anxious just now
about David Davis. One of the senators
remarked the other day that he had in
variably voted with the Republicans
lately on all party questions, and should
not be surprised to see him come out
fatty and 60 with the administration
after the 4th of March. He had been
heard to say of late, it was reported, thai
he was ashamed of the Democratic par
ty as managed by Tilden, Barnum ani
Hewitt; that no respectable gentleman