St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-01
WASHINGTON.
Gov. Dingley Expresses His Views
on the Danger of Overcoin-
age Of Silver Dollars.
A Minority Report ON the Mcpherson
Bill Relative to National Bank
Circulation.
A Commission to Examine the Jetties--The
Manning Chalmers Contest.
[snecial Telegram to the Globe. I

priation bill, which comes up in the house to-
morrow, will occasion a lively debate, and
members of both political parties will be OF
hand in force. 1t is believed that all amend.
ments will be voted down, and the bill pass.
ed substantially as reported from the appro-
priations committee.
THE MISUNDERSTANDING CONTEST.
| A communication from the department Of
justice to Representative Muldrow, of Mis-
sissippi puts new phase upon thencontested
election case of Chalmers against Manning,
of Mississippi. Manning claims that Chal-
mers was an officer of the United States al
the time he was voted for for congress, and is
therefore disqualified from taking.a seat in
congress, even if he had not been elected by
| frauds at the ballot box. Chalmers denies
that he is disqualified for that reason OF
that he was elected by fraud. Muldrow, OF
Missouri, wrote to the attorney general in
quiring whether Chalmers was in the en-
ployment Of the government. The attorney
general has replied that Chalmers was en-
ployed, and presented two bills for services
as attorney, one of which was paid and the
other disallowed; that Chalmers has not re-
signed and is still employed
bv the government. It appears
that although Manning has certificate OF
election he has little hope of being seated,
and aims to induce the committee on cleo
tions to recommend that congress remand
the contest to the people for new election.
SURVEYING THE SOUTH PASS.
In compliance with the recommendation
of the secretary of war and chief of engineers
the committee on rivers and harbors have
agreed to report bill appropriating $4,000
for the survey and examination
of the channel at the south pass,
of the Mississippi river, to ascertain whether
Captain Fades has maintained during the
current fiscal year the depth and width OF
channel contracted for; also an appropria-
ton of $2, 100 for the establishment of water
gauges and to pay the expense of daily obser-
vations of the rise and fall of the lower Mis-
sissippi river and of the Ohio, Missouri,
Tennessee and Arkansas rivers during the
year ending June 80, 1884. The committee
will ask that these appropriations be made
Immediately available.
A few days ago the committee on banking
and currency reported favorably on McPher-
sons bill in relation to national bank circu-
lation, which passe the senate last Monday.
The bill provides that upon any deposit OF
interest bearing bonds any national
banking association shall be entitled
to receive circulatin notes equal in
amount to the par value of bonds
deposited, provided that at no time shall he
total amount Of such notes issued exceed the
amount of the paid up capital stock of the
association. 1t also gives gold banks the
same privilege. A minority of committee
have asked leave to submit dissenting views,
and Mr.. Bucllner says he will submit the
following reasons for objecting to the bill.
Mr.. Miller, of Texas, and Mr.. Yapels, of
Michigan, concur with him. He says
the bill has a tendency to put
millions Of dollars in the pockets of the
holders of 4 and ~ per cent. bonds of the Un-
tied States. These bonds have already largely
advanced in their market price since the
meeting of congress and the discussion of
like measures, which not only has saved to
the people, in interest on public debt, mil
lions OF dollars as compared with notes of
banks, and furnished a circulation acceptable
to the entire country and but
for rivalry of banks would long
since have been adopted as the sole paper cir
culation off the United States. There ought to be
no difference in opinion as to the policy of
the government in issuing entire credit cir
culation, so long as it continues to issue one
half of it, and does not propose to distrust
the greenback part of the circulation.
DANGERS OF SILVER COINAGE.
Gen. Dingley, of the banking and currency
committee, in reply to an inquiry as to the
probable effect of the continued coming of
over valued silver, said, ''There can be no
doubt that if the present policy is continued
long enough that mischievous results will
surely follow. 1t is impossible in the long
run to make a silver dollar, intrinsically
worth only eighty-fve cents, circulate side
by side with gold dollar worth 100 cents.
For the time being the redemption of the
silver dollar instead of gold for government
dues keeps the silver dollar and silver
ably will be so until the balance of trade
turns against us. Then look out for
trouble.''
''Do you look upon the present shipment
of gold as making the beginning of steady
drain of that metal?''
''No, don't. I see nothing in the present
condition of trade to warrant the supposition
that gold is to continue to leave US
to great extent at present.
The balance of trade is in our
favor and is not likely to turn against us this
year. The treasury has about S143, 900, 600 in
it and they will likely continue to advance
under its operation. 1t sacrifices the interests
OF the tax payers of the country to the
necessities of bank circulation by neces-
sarily advancing the price of bonds, which the
treasury will be compelled to purchase at the
market price within three or four years, thus
adding largely to the burdens of taxation.
PERSONAL.
Col. T. c. Power and Mr. Conrad, of
Helena, and James E. Bogue, of Sioux City,
have arrived.
Senator Sabin went to New York to-
day.
VIM. Merriam and Horace Thompson, Of
st. Paul, have arrived from the south.
c. n. Nelson, H. M. Cannon and S. R.
Stimson, of Saltwater, are here
Western Associated Press.
WASHINGTON, Feb. 9.-Representative
Nichols has been instructed by the house
committee on military affairs to make an adj
verse report on the bill providing for the per-
petuation of the offices of general and lieut.
general of the army.
INTERSTATE COMMERCE.