The times. [volume] (Richmond, Va.) 1890-1903, 1890-01-05

Of the Pacific Railroad Companies, now IN
the sinking fund OF the United states Treas
ury. The Union Pacific road. which favor.
a construction Of the law giving Secretary
/ Window the power 10 sell the bonds and ~
invest the money in bonds paying higher
rate Of interest, was the only railroad r.
presented al the hearing. The same ques-
/ tiOn a. 10 the power Of the Secretary OF the
Treasury came before Acknowledgement
Garland. and he decided that the secretary
Of the Treasury did not possess the power
under the act in question 10 sell ana rem
vest the bonds Of the Pacific railroads now
i'm the sinking fund Of the Treasury. Att0r-
ncv-Geueral Miller reserved his decision.
Congress has ordered an appropriation
for eight great battle ships, and the interest
in the navy is booming. The new armored
vessels and fast cruisers have brought us
up alongside the first naval powers OF the
world. But evidently our Navy Depart
ment c0ntemplates England's magnificent
armament. and sees the necessity Of emu
lating or excelling il. England has nearly
eighty battle ships superior 10 any Of our
own. France about sixty. Russia forty y-hve.
and England twenty or more.
HKNP. FLA1. COTTON GOODS. ETC.
The hearing before the Ways and Means
Committee Of the House Of those interested
in hemp. flax. jute, and cotton goods, was
begun to-day.
Mr.. +. 4. Whitmore. Of Boston. opened
the session with an argument iaNOrng the
removal Of the duty now imposed on hnN.
so as fO enable the home manufacturer 10
compete with the foreigner.
Mr.. j r. Turner. .Ir.. Of Boston. prcsi-
dent Of the Flax and Hemp >pinners and
Growers Association. argued m favor oi the
taxation of these goods. clalmin. that 10
would deyelOpe the manufacture Of llnen
OF which. hc said. this country is the larg-
ost consumer i'm the world. lie asked that
the duty on threads. yarns, and twincs be
advanced 10 80 per cent. ad Yalorem. ana an
advance on the c0arser grades Of linen %
3 cents per pound and % per cent. al 'alO-
rem.
Mr.. .COubs. hemp-grOwer Of Kentucky.
favored an increase Of one cent per pounu
on lutte and jute butts, also an increase OF
the duty on hemp.
After recess. Mr.. Wright. Of New Jersey.
representing the labor on the nax-dresslng
trade. made an address. lie argued niaNor
Of increasing the dirty on dressed lax irom
$40 TO $50 per ton. this being necessary, he
said. for The protection Ofhome labor.
Crawford sisle. Of Baltimore. appeared. as
he said. on behalf Of the consumer. lie sug-
imposed on carpets, oil cloth, etc.
CIRCULATION or MONEY.
The Treasury Department statement OF
changes in the circulation, show net in
crease during the past month Of December
aggregating sl3.Ol6.2sl. There has been an
increase Of $, 1907 in United states notes,
S6.1j4.6s7 i'm silver certificates. $780, f3 in
gold coin. sJ6j.S04 in standard silver dol
lars. and S3O06lI in subsidiary silver. Ma
tional bank note circulation decreased 81
664.lI4. and gold certificates $i9l. .230. The
total circulation Of the country on January
lst is placed at Sl.l30Ji0,l2l.
rOsTMAsTERs APPOINTED.
The following fourth-class postmasters
were to-day appointed: Nirginia-D. +.
Edwards at Birch. Anne Calvin at Chula
depot. T.. Winner at Crab Bottom, l.. sykis
at Davenport, A. G.. Tizzle at Dumps
Creek. r. Phiafer at Exit, l.. Il. Ewing at
Longglade, George W. shuman at Middle
burgh, G.. 4. Townsend at Motleys, g..
smith at b0llp0ne.