The silver state. [volume] (Unionville, Nev.) 1870-1903, 1885-12-14
TELEGRAPHIC NEWS.


Sherman fail of reelection, and it de-
votes considerable space to an attack on
him by j. w. Schuckers. The attack
is confined to what the Sun calls "John
Sherman's sudden abandonment in 1865
of his first bill for funding the national
debt" Mr.. Schuckers says that Sher-
man abandoned the bill when an unsign.
ed pamphlet was laid on the desk of the
Senator on January 10, 1868. That
pamphlet, he says, was written by
Joseph Patterson, then President of the
Western National Bank OF Philadelphia.
In the pamphlet it was charged that the
bill provided, by underhand ways, for
the payment of bonds of SIS, 900. 600 in
gold and for converting $1,000, 600
United States bonds from one form into
another. If the bill had become law
and had been carried out according to
its intent and bonds of SIS, 1873, 1873 in
gold had been converted into greenbacks
at the prevailing premium of about 33
per cent, the profits of the favored
brokers and money dealers, with other
persons interested in the bill, would
have been as follows: Profits ON con.
version Of bonds in the United States,
$ll ,OOO,O profits on conversions in
Europe, SIS, 1873, 1913; premium Oh gold,
about Sc, O5O, 600; total, $50, 1888, 1913.
The scheme for the substitution of
silver bullion for the present United
States securities held for the circulation
of national banks has been received with
sufficient favor to invite a further con-
sideration of the subject as feasible
method of providing for the future &C
commodation of newly established
banks, as we'll as for already established
institutions, whose bonds shall have
been redeemed. The idea appears to
meet with measure of approval in the
West and South, and only awaits further
details in formulation of the plan to give
it fuller consideration. The letter re.
ferred to in the Times, designed to test
the sentiment of bankers ON the SUBJ
ject, was inspired by Treasurer Jordan.
Indeed, it is stated that it was written
by him. The department is evidently
disposed to yield something to the sill
yer sentiment of the country, and has
evidently settled upon this as one OF the
practicable methods to be offered.
1t is now reported that if the House
decides to distribute part of the Appro.
priation bills Randall will favor distribu.
ting them all and will want to go at the
head of the Naval Affairs Committee
and give the Fertilization bill to the
Committee on Military Affairs and di.
vide up the other two bills, the Sundry
Civil and Deficiency. Representative
Townshend of Illinois, it is said, will be
likely to 60 to the head of the Postoffice
and Postroads Committee, if the Post.
Office Appropriation bill is given to it
He had charge of this bill in the House
during the last Congress.
Captain Couch, the Oklahama
boomer, says the cattle-men removed
only the fat cattle from the reservations,
and rough cattle and cows still remain.
He asserts that Senators are beseeching
the Department to allow the cattle men
to remain, on account of the trouble and
loss attending their removal at this
time.
The London Times says: The Eastern
difficulty may be regarded as virtually
settled. The Powers have agreed to
recognize the union of the Bulgarias,
and demarcation commission has been
appointed, which insures an armistice
of month.
President Cleveland's message has
caused decline in Mexican silver from
80 to 50 cents on the dollar. A great
loss Will be occasoned if the decline is
general throughout Mexico.
A telegram from Tarentum, Pa,
states that two deaths occurred in the
Hausmeyer family from trichina and the
other six patients are sinking raLidly.
with no hope of their recovery.