The times. (Owosso, Mich.) 1882-1897, 1884-06-06

Senor (ieivanes, a special commissioner
Of envoy from San Domingo, has arrived
here TO negotiate q reciprocity treaty with
the United States. He Is accompanied by
| business In Deadwood, Dakota, and now In
terested in sugar plantation in San Do
mingo, who acts as interpreter. The DO.
minican government wants its sugar and
free, and In return It is willing to let in with
out duty pretty nearly all our manufactured
goods. About 81, 100000 year Is collected
IN the country now on dominican sugar,
but our tobacco duty sends All the Domini-
government will offer to throw In naval
station at SANTANA bay, and one or two other
little inducements that the D0minicans are
willing to offer.
Mr.. Cannon, comptroller of the currency,
says In his opinion the MCPHERSON bill, if1t
should become a law, would afford imme-
date relief to the banks and prevent the
contraction of the currency which will be
caused by the retirement Of the 3 per cent
bonds, which will be called during the re-
the treasury a large amount Of national
bank notes which were printed In advance
for the purpose of supplying the place Of
mutilated notes that may be retired. I'm
mediately upon the passage and approval OF
the Mcpherson bill the treasury could be-
gin to supply the banks with the additional
10 per cent Of circulation allowed by the
bill, at the rate of 1000 600 or more daily
until the entire amount has been issued.
1t is understood that the secretary of war,
having carefully examined the voluminous
testimony in the case of Judge Advocate
Gen. Swain, has informed the president
that the evidence is sufficient to require his
trial by cOurtmartial. But 1t Is learned
that for prudential reasons nothing will be
made public with regard to the matter, with
| co a ha aUna
ventiOn adjOurns, and 1t Is intimated that it
Is not worth while to stir up, Just now, the
friends of the presidents predecessor, with
whose administration Gen. Swain held con-
fidential relations, although. the offense of
which the general is accused did not occur
during that period.
PUTTING ON THE SCREWS.
The chairman of the house committee on
banking and currency proposes to amend
the statue In relation to national banks in
manner which would, In his opinion, reme-
dy some of the weaknesses developed, es-
provides that no increase of stock shall be
signed by the comptroller of the currency
until he is satisfied that the increase Is
needed by the business of the association
to avoid an assessment of the shareholders
to make good any impairment OF the capital
stock Of the association. The making of
loans or discounts by an officer OF national
bank without authority from the directors
is added to the list of misdemeanors
enumerated In section $500 of the Revised
Statutes which are punishable by imprisOn-
ment for not less than one nor more than
| ten years. In the reports of their condition
the banks are required by the proposed
amendment to the law to state separately
under the head Resources" the loans and
discounts considered to be good; those Sus-
pended, overdue, and doubtful, and those
overdue and unpaid for more than six
no. -,Il fa ,th., AI 10,
call for special report at any time upon
the written request of stockholders repre-
senting One-fifth of the capital stock of the
association.
LAND GRANT RAILROADS.
The secretary of the interior informed
congress some time ago that in the absence
of congressional action in relation to rail-
habit of certifying or patenting lands for
the completed portion of the roads, whether
built and finished before or after the time
prescribed by the granting acts. Business
Is now crowding upon congress, and the
session is far spent, yet very little has been
done toward q final decision In any of the
land ndt cases cases. With n prospect Of adjourn
become laws, and In view of the practice of
the interior department the house commit
tee on public lands has agreed to recon-
mend the passage OF joint resolution pro-
|
the lands granted to corporations in any
case touching which forfeiture bill Is pend
ing until congress shall have taken final ac-
ton. The committee in its forthcoming re-
port will declare so far 1t has failed to find
one company that has complied with either
the letter o" spirit Of the law, and in view Of
the enormous quantity of land involved IL Is
OF the highest Importance to protect the
government The committee anticipates
that the railroad corporations will make
| dpcCQnt inf mt
soon as congress adjOurns to secure con-
firnatiOn of their titles. The committee
wants the wealthy corporations driven into
courts where their rights must ultimately
be determined.
A writer in German paper calls at
tention to the fact that q factory Ia
which 1000 workmen were employed
in the manufacture OF harmonious 10
now closed, us the demand for these
instruments has entirely ceased. The
writer assigned as cause the cessa-
ton OF the pork trade, the cutting off of
which has necessitated the closing Of
the reciprocal branches of the ex-
change. 1t is a sort of hog and har-
monica strike.-Utica Herald.
Mr.. Carnegie, of Pittsburg, is build
Ing granite mansion on Cumberland
Island, few miles north of Fernando
ma, Fla. This famous island once was
owned by General Nathaniel Greene,
and it is the burial place of Light
Horse Harry Lee. Deer roam at will
through the vast recesses of its forests.
Lord Huntingdon said recently that he
did not know of n gentleman's park In
all Great Britain that was superior to 1t
in natural beauty.