Daily Los Angeles herald., 1883-12-13
EASTERN.
s,erllnr E.e,anre ana nena..

SteritDg Exchange aud b0nds.
New YoRK, Dec. l5.-sterling bills
on London, sixty days, A.s2 4 Sterling
bills on London, sight draflA s4.s4l.
United States AS Of 1891, interest quar-
terly, sl.l4I. United States "A Of 1907.
interest quarterly, Sl.232 United
States Is, si!6il Western Union Telc.
graph, .76g.
A Journalist Dead.
q NEw YoRK. Dec l2--Rev William
T. Clark, chief editorial writer Of the
Star, died yesterday morning.
A Probable international Rail-
way. IL
Nrwi YoHxa Dec i2.-The Herald
says; Senater sherman has introduced
q Senate measute that looks forward to
convention to be held in Washington
next year for the establishing of closer
commercial relations between the United
States and Mexico, Central America and
South America The proposition Is to
build an international railway which
may connect with those countries. / +
speech Of senator neck on the
Sinking Fund.
WASHINGTON, d. c., Dec. l2.--The
Senate took up the, resolution offered
Yesterday BY Beck, directing the Score
tary Of the Treasury to furnish informa-
tion concerning the Sinking fund, and
Beck addrossed the senate. tie said !;
9TH perfectly apparent that thereque i
of the Secretary Of the Treasury, made ili
his recent report to Keep up taxation be-
yond the wantsof the Goysrninent so
that at l,ast fifty millions can be
applied to the Sinking Fund, ought not
to be complied with, and his own report
seems to furnish the basis for the state
frent. y When the Information asked for
is presented he would show that we
have paid seven hundred million dollars
of the public debt beyond what any cred
itor can say good faith required. for the
maintenance of the Sinking Fund, under
any law OF obligation we had created.
We ought to say, what every credi-
tor Of the United States wants us. to say,
that there is no necessity for keeping up
taxation to the extent Of providing the
fifty millions year which the Secretary
recommends, but ought to allow
the outstanding :, bonds to remain
as sscnrity for the circulation Of national
banks avid such other purposes as they
might be needed for. and we ought to
reduce taxation. He would not say
how, but in some proper way we ought
to give the people relief from onerous
taxation. The Sinking Fand has been
fully and fairly provided for, he ssid,
for twenty years t>scome The purpose
of the fund was 20 give assurance or
security that the debt would be paid.
This it amply does and would do with.
out the necessity of following the recon-
mendation Of the Secretary Of the Treas.
ury. f e H
Sherman said he hid no objection
whatever to the resolution calling for in
formation, but the published statements
relating to the Sinking Fund contain all
the material necessary front which 10 de.
rive tho particnlass. The gentlemen from
Kentucky Beck dc sires At the pres.
cnt rate the sinking fund would pay off
the national debt In about fourteen
years. He believed the policy good
ono which preserved the sinking fund
intact. There should be no interrupt on
to that policy excep, under extraordinary
pressure, which should be only tempo.
rary and resumed at the earliest mo.
ment and persevered in until the public
debt is paid off to the demonstrating.
Bayard mo ,ed an amendment to the
resolution SO as to call also for report
showing under precisely what provisions
+, of law the reduction Of the public debt
has been effected. '-''
Plumb thought thc Sinking Fund at
H., n tax fxf k.Rt-
keeping.
The amendment Of Bayard was agreed
to aud the resolution as amended agrael
t..
Exchange Of Postal stamps.
WASHINGTON, Dec. l2.--The Post,
master General has directed Postmastors
to exchange for the public, as appl:ca
tions are made. three and six cent de.
nominations OF postage stamps and
stamped envelopes for others Of different
denominations. : Stamped envelopes will
be exchanged at full current rates
Stamped envelopes bearing printed
cards and special requests, or ordinary
stamped envelopes, viii be exchanged;
also, stamped envelopes that bear print
ed addresses, Stamps and envelopes of
issues prior to 1851 will not be ex.
changed.
Decided in Favor Of san Jose.
WASHINGTON, d. c.. Dec. l2, In the
case of tine Pueblo land OF San Jose,
Gala, in which the United States and
the city of San Jose claimed title to $50
acres Of land within the city limits, the
Commissioner of the General Land Office
has decided in favor OF the city,
The Republican National Commit
tee-TaKy for the Coiored
Voters.
WASHINGTON, Dec. Pm the Re.
publican National Committee lS.day,
Chandler offered the following which
was unanimously adopted
Resolred, That this committee views
with regret and indignation the recent
attempts to suppress human rights, de
stroy free suffrage and the honest count
ing Of ballots in various States by meth
ods OF war on humanity and civilization.
Against the prevalence of such methods
the Republican party stands irreyocably
pledged, and we extend our sympathy to
all sufferers from such inhumanites,
tional cooperation, and extend the right
band OF fellowship to I'll men or organ
irations, whatever may have been their
past political action, who now unreserv.
edly commit themselves to orgauized
efforts to secure free education, free suf-
frage, and the protection OF life and
property to all citizens, without regard to
race, color, political Union or votes.
Tho committee, at u O'Clock, adjourned
to meet at the Grand Pacific Hotel, Chi
cago, the 3lst OF May, 1884.
The following call was adopted; Tho
Republican National Convention will meet
in Chicago, Tuesday, June Sd. 1884, at
~ O'Clock noon, for the nomination of
candidates for President and Vice Presi-
dent to be supported at the next election
for Republican electors,