New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-01

ing to S2O3, J73.7J0, or a total Of SGV3&24,sOo
were redcemoble. Several bills were introduced
for funding these louGs at lower rate ol interest
a bill was passed on March ., 1881. authorizing the
Secretary of the Treasury 80 sell $io0,oC0"ooo OF
bond, and s. CO. 600 OOC in certificates FOR the fund
ing Of the rcdc,mabic bonds. Bonds and cert'ii-
Gates of the new issue were each 10 bear per cent
interest. The bill had been s,outly opposed by the
National banks owing 10 its requirement that they
should deposit the proposed : Per cent Uonns ms
,cc0rity for their Circulation and also collect their
own. notes for redemption. These provisions they
were convinced would deprive them OF all chance OF
making money. Many surrendered their circula-
ton; caus, ~ Sudden contraction OF the currency
and great financial strngeucy. \ cominercIaI
manic was feared for several w,cks. Iubhc alarm
was at las, allaycd by President Hayes vetong the
bill on March s. Chiefly Oh the ground that II
yyonld imu.iT the efficiency of the National bank
svstrm The Administration OF President GARFIELD
had thUS been lett apparently without tho iiSiiiS
al lowering the interest ch"iSe. Ht,Icl",5 !" W.
dom, however. Is taking advantage" % eN'S'I"N
laws executed the great task. he perSu'ueu t"'
owners o. the rcdCemJble bonds 10 tNth"hSV ttt'u'
Tor bonds bearing only 81 per cent interest "hcI
Ae began hlS fe4NHUlh! Opt."'i ne 49,.
Slgg. 800 in yer cent bonds "i 'heSTT
Si1S.OJ5,I50 were continued at g. per cent, and
81 ,SNiT55O ia > per cent bonds. Of which
SlOl. 5U4 300 were continued, ana @"H,"".' ''V
were redeemed. The amount Of bonds continued
w,sr5T. 300. 900: amount redeemed, TJJ."II 100;
making grand total OF T6 '53l 100. me cost uI
The entire operation was only Tlo,oOoi me auFah-
1aee to the Treasury Of Secretary WINDOWS opera
tions over the rounding measures proposed ny
Congress would amount 20 &1.2ZGH" the nIS'
ycat: and permanently To S5,11IN39 yearly. Inc
reduction Of interest by the rounding ana redenP-
ton of bonds announced TO SIG,N2G. l"T -. Inc
aunua! interest charge ON lbs oeDt is no"
3OJ,9G22 40 -.
FACTION ANb ASSASSINATION. =
Meanwhile cx-ScnatoIo Conkiing ana Platt were
seeking a reelection at Albany. Through the
strategy vi the Administration leader in the Legs
lature, the election was postponed from May -
one wees IN the interval an expression of opinion
was sought from Republican voters on tie course OF
MesSrs. Conkng and Platt, and there was almost
universal condemnation Of their action Petitions
against their reelection poured IN upon The LeslSa-
tnre The friends of the eXScnatOrs unsuccesSfuiIy
attempted to secure their nomination by caucus
but ONLY "a out OF lU6 Republican members at
tended Il. The eX-ScLatOrs thcu-t,fo, urea III VAN
20 stem ho tide which running against them, APP
pearing III Albany with the Nlce-iIe'loeht anu IL,
boring to obtain votes. OI tn hepubncaP Vo'es cast
on tue first ballot. taken May ~, MI. Ooh"l'ne
received So while 40 were cast against Inn ana
Mr. Piatt had Uuly % votes, with - against h'n'
For several days the voting showed little change.
Mr.. Depcw teen began &c gam IaWdy;, pom Jun ,
q his vote reached 81; while that Of Mr. C9nNilhS
had sunk to 80. The same day senator Sessions
was charged Dy ASscinh!yinan BradeS Nith having
given HIM =. 900 as bride to vote Tor MT. DTPG"'
The Investigation of the charge OF bribery Ied 10
further inleclSve votes Tor several weeks: w
/ Mi.
was the day before the assassination OF the fIeSi
dent. c...--. -,
meanwhile. bought P,sto ana used It, After We
adiourruent of the Senate the President was sun
hara- sed by hundreds OF Office seekers, ana was
Compellcd TO pay attention u pubic business al
though the centre OF pOlt cal interest hdd ocrn
shifted tp Albany. Mr.. Garfield became Ill ana
wa, tcfdrrly cared for by her husband. PhySlcians
finally advised her removal to Elhcron, n y"
whittier she was taken lay the President late In
Jnnp Recalled 10 Washington the President rap
.i., N. irIs
tuTn 10 tlhcron. Friend, had planned journey
Tor him and his wife 20 his c)llege town. Leaving
the Whit lIouso in company with SECRETARY bainc
on tie .1 of JHly ., ihr IIcsiicut went to The
depot 70 take q tram ipr .l'r'un. VINE on MS
way through the pas>o .sc. rooms ne " '- s. .tnl
fired uio1 The INSIGNIFICANT crcal'ie hihe'
Gultcau ial mac.iced on >apihsN TO some purpose;
lie fired tVirc Ouc bullet entered the night sIde OF
the Presidents back, tr'ciuTins Il H. p'II,'ns
through the spinal COLI IN 'front.' oi the cord ana
lodging to t,c LETT Of 1t, The lte''4cmt lt cA
been inI',rrsoncd IN Tie CITY Jan. When arrested
he exclaimed: ~ am Staiwart and want Arthur
Tor Pres lent In his coal poc&fi Il StteL ,r
found addressed 10 TIE White House IN which
nc declared that the Presidents death was heceS-
sary to unite the Republican party ana save Tie
M" President was told by his physicians that he
had one chance in hundred of living " Then we
vii! take that chance he SAID. All ihnt mortar
man coul make OF 80 slender chance was niue
TIs cnurg.e never faitercj. He "eHuurrd the
hardness like patient soldier. For scyrnty-nNt
dgy, the ag,uizing struggle was prolonged, not
ffty millions OF Americans alone. but an Chri.trh-
dom remaining in awful suspense nntI an la~I ne
cnd came. Il on the evening o. Se9trinHer :"
thirteen DAYS after the journey IRON Na>Ah t'h 10
Elberon al the watchers but Advocato-0cnriHl
SWAIN bad loft the sck-roc.n. The President sud
denly whispered that be was suffering great pllh
across The heart Soon gathered ABOUT the uylhI
mans bed,de Ms. Garfield aud tie other members
of the household. a few minutes more aud The
Presidents heart ceased 10 beat HE a@ohiNi,5
struggle had ended. The following day ms bOuy
was horne 70 Washington and there exposed IN the
Capitol thence 1t was taken to ClGYcsand ana
her a.
thousands Of churches and hundreds OF thousands OF
nor oInei in the solemn service. the iuHtiai Gay
being "a National iastday. Inc SIeG"l luna ia'ou
for Mrs Garfield exceeded S3Gu,OOn.
THE NEW ADMINISTRATION.
Vice.President Arthur took the oath Of Office as
President IA Ncw-l ORR City on September ~, ana
subsequently repeated it before Chief Justice Waite
in Washington. All the members of the Cabinet
rendered their designations, but were requested To
retain their places at least temporarily. a sicciai
session of the Senate was called with view to
providing for the Presidential succession, there
being neither a PRECEDING officer OF the Senate nor
a Sneaker of the House Of Repre- natives. The
Senate met on October 10. by refusing 70 allow
the newly elected senators from New-loTk ana
Rhode Island TO bc sworn in the Democratic Seha-
tors took advantage of an accidental majority ana
eiac,cJ S.nai p Bayard Pre~i lrnt pa tcpyorl The
adotis.o Of she senator, ON october Is Ieu 90
a yeIsal OF the majority. through Inc votes 81 me
Republican Senators and Senator Mahonr; lead
ulster Democrat, senator DAVID DiNIS, OF Ihl""i';
Independents was elected President pro fc""Dft ana
the Republican committee list was adopted. lhe
vote stood % to 81. single Cabinet change was
made during the extra session Of TIE senate. sec
Trtary Win .om having been elected senator from
Minnesota ex Governor Edwin ID. Morgan, OF New
Ynrk was nominated ana confirmed aN Secretary OF
the treasury; and when his deciIHatIon was re
ceiyed Charles J. FDgrT, Chief Judge Of the our
NJ App,els of New-YOrk, accepted the portfolio
This appointment virtually involved tue retirement
Of the bees. eoulpped POsm8sier-Gcncrdl thc coun-
try has ever had although his retention was par
tsuIarlv desirable owing the disclosures made IN
IL r,ail s.rAice An Information bad hecn Med IN