Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1881-03-02
THE NATIONAL CAPITAL.


The Funding Bnl-A Veto Considered
Certain-Its Possible Fate in the House
"A Special Session of the senate-Iore
Cabinet Rumors.
WASHINGTON, March There is excel
lent authority for the statement that the
President will veto the funding bill should it
be sent in its present shape, at least such is
his determination at this time. He takes the
ground that Congress has no right to force
the banks to either take at par per cent.
bond not worth par to secure circulation, or
go into liquidation. Under the provisions
of the funding bill the Secretary of the
Treasury could, if SO disposed, force the
banks to do this by issuing call for $780,
900, 900 of bonds to be paid for out of the
coin fund in the Treasury. The President
thinks that this would work great injustice to
the banks and injure the interests of the
country.
A special executive session of the Senate
has been called for Friday next. It is be-
lieved that the President elect has virtually
decided upon several members of his Cabi-
net and that their names will be sent in at
once. 1t is rumored that Senator Window
viii be Secretary of the Treasury, and there
are many reasons for believing the
rumor~to be not wholly groundless.
It is known that the Snew Secretary must
come from the West and Mr.. Window is as
well fitted for the position as any candidate
mentioned from that section. 1t is also
known that Garfield does not wish to bring
into his administration any of the quarrels of
k1,ae, aa&i .<,fT
can give no offence to any wing of the party.
He was himself candidate for the Presiden-
tiaI nomination at the convention which Sc
lected General Garfield and incurred no Ill
will of the supporters of any of the other
candidates. With his known sympathy with
the views of the President-elect in monetary
matters there seems to be no good reason to
doubt the report which assigns him to the
Treasury.
The debt statement, issued to-day, shows
the decrease of the public debt during the
month of February to be 81, S43, 1881.
The total amount of legal tenders deposit
ed by national banks to-day to retire circula-
ton was 81, O63 900; total amount deposited
from February 21st TO date, $17, 1872 ,979.
The refunding bill has completely absorbed
the attention not only of the House, but also
of the lobby and the many outsiders all day.
Its fate is the only theme of discussion both
inside and out of the House. The corridors
OF the CaD1EOl nave DocA CIOW0c0 OIL Joy jill
tonight the crowd does not seem to have
Iessened. Many banking houses have
agents hare, who use the telegraph
concerninp the moves At this hour il is
Thought that the bill win pass, but just in
what shape cannot be foretold 1t may be SO
amended as to induce the President to sign
it. The friends of the bill are confident and
seem determined to force its passage. It's
opponents may abandon the fight, trusting to
delays and amendments In the Senate or In
the Executive to kill it altogether.
Secretary Sherman to-day issued q state
ment showing the financial and economic
transactions Of the United States for the four
wears ended to-day, in which it appears that
the total receipts were q, 19a, 55l 1o7 e and
the total expenses $99s, 755, 4O6. 81 me ne sae-
crease of the public debt was $2O8, S24, 73o u
The Providence board Of trade yesterday
passed resolutions looking to the establish
ment Of q new line of steamers between New
York and Providence, and also line be-
tween Providence and Europe.