The weekly miner. [volume] (Butte, Mont.) 1878-1881, 1881-04-19

NEW YORK, April IL. The Memphis
appeal says: 'If five million Germans
could be distributed through the south, the
advantages arising would be incalculable.
There appears TO be lively demand for them
now in fields aud workshops"
The Sun to-day says: "Thls promises to
be the greatest year for immigration we have
even known. Arrivals for the first quarter
are far ahead Of those for the corresponding
period OF 1880, aud yet the season when
immigrants are most active Is only just sp-
preaching. The indications are that the
number landed at Castle Garden for the
whole year will equal . half q million. In
Germany there never has been before so ar
dent and widespread desire to emigrate,
and now the steamers have all their accom-
modations engaged far ahead.S
The Commercial bulletin says: "There is
All urgent demand for laborers just now from
Colorado, New Mexico and Texas, where
u W railroad Enterprises are in progress. The
Denver u Rio Grande r. r. officials have
given notice that they have employment for
$4,000 men to last one year, with possibility
II running through two years. Chinamen,
no doubt, would be accepted, but OF even
these there Is a scarcity at present.
NEW YORK, April ll.--The Times on the
treasury circular, says the conclusion at
which the secretary of the treasury appears
to have arrived is one which is likely to re-
ceive the general approval Of the conservative
portion of the community. There IS still
some discussion by persons who should be
well Informed as to whether the bonds to be
sold should be four per cents. or 4t per cents.
Our information is tiat it is only the four per
cents. which can be used in this manner. 1t
is one favorable to the features of the policy
Of Window, that it leaves the business of the
country 10 accommodate itself to the action of
the debt aud introduces an extensive and un
av"idable change in the stua'io ion.
The Tribune says that il may be added that
his principle and action in maturing his plan
are evidence that his steps will be taken with
care and wise conservatism.
The Commercial bulletins Washington
special says the polio. OF the administration
as announced this evening created consider
able surprise. 1t is simply an experiment. 1t
m-ars calling in all the six per cent. bonds,
depending upon the banks to help the treas
ury out 10y turning in their six per cents.
which amount to $lS,Qp0,OOO. With this ami
S3o. .ON, 900 ot surplus revenues accepted by
Jnn lst. IT'S expected thai in any contingency
Slu4,OO0,0O0 of ii per cent. bonds would
make Up every Necessity, because enough
bonds are always DELAYED in presentation to
let the now expected surplus revenues
ill the gap and the deficiency could be pro-
NIueu ioT leIlp'bhIly iTtIll otilcF moneys Ill
he treasury. 1t is believed by President
Garfield and S. crelaly Window that the
treasury will not be called upon for ,uore
Tia II $lO,OUO,OOO in money TO meet this whole
transaction and it is intended If this expert,
ment is successful 10 call the 5s also in. The
batch all depends however upon whether the
matter succeeds under the circular terms
That will be determined by May 10Th and il
there is any trouble about ali extra session of
congress will be- called to pass funding bill
| It. has seemed Questionable whether such a
! step would he legal, but taking all considera-
| lions together and the fact that there is no
law for or against such a proceeding, the at
| tOriry general gave his opinion that there
would be no law violated hy doing it, Hence
the bond step. Th action must live in his
| tory as Cr0InwelIian or as measure in our
finances. 1t was So unexpected that all won-
der, but it is discovered that many large
hanks have already expressed desire that it
be done, which tact gives firnness to the
prompt action that was really half intended a
| week ago.