Morning journal and courier., 1881-01-01
News by Telegraph
 FROM ALL QUARTERS. ARREARS OF PENSIONS. THEIR PAYMENT DRAWING HEAVILY ON THE TREASURY. Prospects for the Refunding Bill. Slight Chance for a Successful
 Measure. An Agreement With the Sioux. Giving the Railroads the
 Right of Way.
 
An Agreement With the Sioux.
THE NATIONAL CAPITAL.

THE NATIONAL CAPITAL. | Arrears of Pensions--A Heavy Draft OH K the Treasury Poor Prospects For 8 NSuccessful Bill - The Sioux Give the
 Railroads Right of Way Through Their Reservation.
 WAsHINGToN, Dec. 31.-When the arrear. ages of pensions act passed Congress it's au. thors averred that the sum of 1925, GOO COG would be more than enough to meet all its requirements. Up to November 1 last $24, GOO, 487 had already been paid out. It is as- certained at the pension bureau that the ave- rage arrearage due pensioners on the list is $561.58. The average amount of arrears on new cases is $1 100. There are now 2s2, ,597 cases on file awaiting settlement, and the bureau estimates that the number of these claims that will be allowed will require $217,- 599, 800 for arrears alone, and that over $2O,- 900, GOO will be added to the amount required annually for the payment of pensions. Not withstanding the large expenditures already made and to be made, a movement is on foot to have the time extended for the filing of claims for arrears of pensions.
 Secretary Evarts will give a reception and breakfast to the diplomatic corps at his resi- < dence tomorrow between 12 and 1 o'clock. The formal reception at MT. Evarts' house will not begin until 10 o'clock
 Senator Teller and Congressman Be1ford, of Colorado, will leave Washington to-mor- row eyt g for Mentor, o. They go to lay before Sral Garfield the claims of the Mountain States for recognition in the next Cabinet. It is said they will urge the ap- pointment of General Rautt as Postmaster General.
 The signal corp station at Delaware break follows: The schooner Charles Dennis, of Providence R. l., and bound to Providence with cargo of coal. sprung aleak and sank atsFourteen Fathom Bank December 30 at 1:30 p. m. The crew took to Q small boat and were picked up by the tug Brazil st p. m. and landed at Lewes, Del. The cAew suffered greatly, having no water or provis- ions. They were twenty one hours in an open boat and were carried in by the ice. Moth ing was saved from the schooner. Some of the crew were slightly frostbitten. With this exception the crew are all well.
 Treasury officials feel apprehensive that the present position of the refunding bill and the delay of Congress in dealing with it will seriously fetard it's favorable working should it become law. The necessity for prompt action, by Congress was forcibly stated in the Secretary's report, but the discontented succeeded in putting the bill over until after the holidays, and it is feared that they will still further delay action. The five per cent. bonds due on the 1st of May carry three months interest after public notice of their intended payment has been given. That notice could be given February 1st so as to stop the interest on the first of May if the Secretary was in possession of the means of paying the bonds, or if he had practicable funding law to make his plans upon soon Ac 1no1r ha will mi have the necessary authority much if any be- fore that date. The paper has still to be manufeautuf55.s fsi,s, s,1.eA order for it can rpe gis47en until the size of the bond can be de | termined, and this depends entirely upon the | length of time for which coupons must bt ! time before it is needed in or | der to season properly. The engrav | ing of the dates must also wait fol \ the enacting of the law, the size of the platei and the text of the bonds themselves depend ing entirely upon the nature of the bond au thorized The engraving demands the exer | else of the utmost skill from it's intricate | character requires liberal time for it's exc
 cution. From the above reasons it will b. ! seen that the prospects of successful bill d. not seem as bright as would have been th
 case if bill had been passed last session
 as was so strongly urged by Secretary Sher | man. Indeed, the Secretary has no doub | that the enIlr0 $oI0, JUL, OOU WOulu udNe peel ! funded long before this if he had been au
 thorized to begin last year, but the mos ! clever fnancier cannot foresee the state o
 the money market for the ensuing year, ant
 the question of whether the government cal
 then borrow the large sum required at pc ! cent. may be decided at serious cost to tn government.
 The agreement between the Sioux Indian
 and the Chicago and Northwestern and tn ! Milwaukee and St. Paul railroad companies by which each company is granted the righ 1 of way for railroad through the Sioux res
 ervation, was formally signed by the chief
 representing the different tribes of the Siou
 nation at the Interior department late thi
 afternoon, every chief afixing his signatur to the instrument. The sum which the raj road companies agree to pay the Indians az l gregates about $40. GOO, at the rate of $5 pc
 acre for the land taken for railroad purposes
 It is the intention of the corporations to con
 mence work as early as practicable, and the
 hope to have the road finished to Deadwoo
 by the close of the incoming year. The IT
 dians will remain in Washington anothe I week partly on business with the depart
 ment and partly to see the great counc | (Congress) in session. They will visit tn
 Indian school at Carlisle on the way home.
 The Comptroller of the Currency report
 the additional circulation issued during tn I month of December to be $1, 195, 650 and tn
 amount surrendered and destroyed $54O, 38:
 leaving the net increase $655, ,267. The ne | increase of national bank notes during th
 calendar year was $2, 259, 727. The increas
 of legal tender notes and deposits for th
 purpose of retiring national bank circulatio ! was $29, I'll The increase during the yes is $7, ,693, ,O66, and the amount of legal tende ! notes now on deposit is $21, ,O67, 823. I'll
 total amount of national bank notes outstant | ing on January 1, 1881, is $344, ,219, 943, nt
 including national gold bank notes, amour ing to $1 1855, ,26O. Fifty-nine national banl have been organized during the pending yea. with an aggregate authorized capital of $1 l O46, GOO. Three banks have failed during u calendar year with capital of $700, 900, an dividends amounting to 80 and 100 per cen
 respectively have been paid to E4as creditor rt of these banks.
 ni The following is statement of the disp =;tion made by the treasurer of the Unite d2s tftes of the national bank notes redeemt
 2 fling the month and six months ending t ,r, ~ay, as compared with the corresponding pc f iod last year: Notes fit for circulation a
 sorted and returned to the banks
 issue-month $346, 1000, six months $3 1 7O5, 300: notes unfit for circulation 8 | sorted and delivered to the Comptroll
 of the Currency for destruction and repa
 ment with new notes-month $2, 837, ,00
 six months $15 ,615, 400; notes of soile
 liquidating and reducing banks depos
 ed in the Treasury month $50;
 300, six months $3,O78, $50; tot '' ISSO-monSh $3, ,686, 300, six months $2: n 399 OOO Totals for 1879-month s., ,93l }. 100, an increase of $751, 800; six mont | $30, 4S0, 400, g. decrease of $s, 0s1, $50. 'g NEW YORk.
 The Ruling Passton Strong tn Deat