Daily Los Angeles herald., 1881-03-22
EAST Err N.
The Chinese Treaties.

latlons to-day reported back the
Chinese treaties with O recon-
mendation In each instance for rat
iHcation without amendment. The
treaties were thereup0n placed on
the Senate calendar of executive
business.
Senhts fr-Ceedsnss.
WASHINGTON, March 2l.-SEN.
ATK-The Vice President present.
ed . communication from the Gov
ernor of Wisconsin relative to the
death of NJ. II. Carpenter. Read,
laid on the table and the Senate
went into executive session and af.
terwards adjourned.
COsarmaii0uo.
WASHINGTON, March 21st.-The
Senate confirmed Levi P. Morton,
as Minister to France; 8. D. Hor-
ton, of Ohio, Secretary of the
United States Commissioners of
the Monetary Conference. Regis
ters of Land Offices: Henry Cous.
ins, Florence, Arizona; Henry w.
Dwight Land, Oregon. The Presi-
dent has nominated r. w. Berry;
Collector Of Internal Revenue for
Idaho.
An Ex.TH 1essiOn Fso~1iy De;e'-
| mined sn.
NEW YORK, March 2Oth.-A
Washington special to an evening
paper says: There Is the best au.
thOrity for stating that the Presi.
dent has finally decided to con-
vene the Forty.seventh Congress
In extra session soon after the 18th,
II not on the 18th, of April. The
decision was arrived at on Satur-
day after consultation with Secre.
tary Window and other members
Of the Cabinet.
Pool Failed.
NEW YORK, March 2lst.-Ths
Post says: There Is q rumor that
the "blind poel' of eight million
dollars formed in the interest of
the Oregon Navigation Company
to control the Northern Pacific has
failed to secure control. This ru-
NOR induced the sale OF both stocks.
Railroad Grant signed.
New YORK, March 2lst.--Dis.
patches from the City Of Mexico,
dated to-day, say the President has
signed the railroad grant from the
Yaqui to the Southern Pacific.
| AnOshsr victory for she Boers.
New YORK, March 2lst.-It is
reported that the Beers killed or
wounded three officers and 100 m en-
at Pretona. The correspondent
fears the report Is not without
foundation, but thinks tho mum ber
probably exaggerated.
The DeDs of MexiOo.
NEW YORK, March 2lst.-The
World publishes the first carefully
prepared and thorough analysis
ever printed Of the public debt of
Mexico as formulated and submit
ted to the Mexican Congress by the
special committee appointed for
that purpose. While it is apparent
from this analysis that the finan.
cial affairs of Mexico long have
been and still are in q sadly disor-
ganized and ill.regulated condition,
1t is also apparent that the actual
burden Of the public debt OF that
country is 30 light In comparison
with Its resources and with its pop.
ulation, a. to make it a very easy
task by competent financial ad.
| ministratiOn to restore the credit
Of that Republic. The debt is given
at $142, $4,000.
Disaster on she Lake.
CHICAGO, March 21st.-The tug
boat q. 3. Green, which has been
making daily trips to the crib, did
not return last night and to-day
she was sighted ice bound, four
miles from shore. This afternoon
q man In a boat was dispatched
with provisions for the seven men
on the tug, but, before reaching
the tug, boat and tug were lost
sight OF. 1t Is feared that the man
In the email boat has been lost and
possibly the tug and her crew.
An Extra session Not Cersai..
CHICAGO, March 2lst.-The Zri.
bune's Washington special says:
The President has not yet decided
certainly on an extra session. The
opposition is much stronger than
he believed and he is very anxious
not to make Q mistake In the mat.
ter. Robeson, Keller and others
have represented to him that It
would be unwise and impolitic.
They say the entire amount of out
standing six per cents can be paid
before next December with the
surplus revenues and q portion of
the cash now In the treasury and
that 1t would be better to reduce
the interest charge by redeeming
5000, ,000, 900 or even $3.50, ZOO, 900 OF
these high rate bonds than to dis.
turb business and put the country
to the expense Of an extra session.
The Treasury estimates the surplus
revenues for ten months of the cal.
endar year at 500, 900, 900 and
should this be realized, without
doubt the Secretary Of the Treasu.
~ could redeem and cancel
$l50, 100000 Of the outstanding
sixes before January 1st. This saw
ing would equal what any measure
passed by IA extra session would
effect, the Republican party weuld
not be held responsiIle for any i'm.
perfect Refunding bill and would
suffer no damage In consequence.
The Treasury officials have made
the following computations: The
Al per cent. bonds seld at q price
slightly more favorable for the /
government than that which could
be realized for the fours and the
four and halfs are respectively
1l2.6S and 111.30. Computations .
based upon these prices show the
rate Of interest yield to the
Investor, II carried to maturity, of
Of 1928 and 800 per cent. per annum,
reepeQtiYelY. and this ahoWa that.