San Marcos free press. [volume] (San Marcos, Tex.) 1877-1892, 1890-05-15
WASHINGTON LETTER.
(From our regular Correspondent


WASHINGTON, d. O. May 0, 1890.
The Republican joint caucus COM
mittee OF the House and Senate have
agreed upon the basis for the prepar-
alton OF q silver bill. II directs the
Secretary OF the Treasury to purchase
$500, 600 ounces OF free silver per
month at the market price, not to
exceed 81 for 371,25 grains Of pure
silver, and issue Treasury notes IN
payment of the bullion, These notes
shall be payable on demand in law
full money of the United States, and
are receivable for all public dues. No
greater or less amount of such notes
shall be outstanding at any time
than the cost Of the silver bullion
then held in the Treasury, purchased
by such notes. Upon demand OF the
holder of any such Treasury notes,
the Secretary Of the Treasury may,
at his discretion, pay off such notes
with silver bullion at it's market
price. The Secretary is also permit
ted to coin this bullion, should it be
necessary, for the redemption Of these
proposed treasury notes, 10000
held to redeem the circulation OF
banks will be restored to general
circulation.
The investigating committee on
Interstate commerce charged with
inquiry into the relations OF railroads
of the United States and Canada has
concluded its labors. Chairman Gull
lom has completed a report which,
with sundry remedial recommenda
tions, awaits the approval OF the COM
mittee. The report states that the
good effects of the interstate CON-
merce law are partly nulli6ed by the
competition of the Canadian lines
Unjust discrimination is made by
Canada against U. S. vessels in Well
and canal tolls, in violation OF the
treaty of Washington. The Canadian
railroads control lines operating over
a large part of New England and
Northern States. Canada owns q sys-
tenn of canals that costs $47, 100000.
The inter colonial railway has cost
"a, 100000. To the. Canadian Paci-
iic railroads, which was begun as n
government line Canada has $215,.
100000 but the road cost only $l67,-
100000. The report states that il
has been the unconcealed purpose OF
the Canadian government to secure
q railroad across the continent Of
commanding influence which in con-
nection with subsidized steamer lines,
would be able to dominate the trans
continental commerce of the United
States and defect from American rail-
roads, vessels and seaports q large
share of our commerce with countries
of Asia, Australia and New Zealand.
In this endeavor it has met with
marked success and is progressing.
Canada subsidies two lines of steam
ers from Vancouver the western
terminus of the Canadian r.. r.,
with $425, 900; and one line from st.
Johns, N. B., it's eastern terminui
receives subsidy of 100000.
The report refers to o conference
of the commercial and industrial
bodies of the Pacific coast held at
San Francisco, July 1889. The report
of the conference declares that with
such special advantages the Canadian
Pacific could afford to quote rates
that must drive the American steam
or lines out OF the China trade, to the
almost irreparable injury Of San Fran
cisco and predicts general destruc,
tion for the larger part OF the Ameri-
can steamer traffic on the Pacific
ocean, unless some vigorous measures
be adopted by the U. s, Govern,
mept.
A bill to make o territory Of Okla
homa has passed the Senate, so yeas,
5 nays. Whenever the Indian in
terests in surrounding territory shall
be extinguished it will be annexed to
Oklahoma. The laws OF Nebraska
a Il. -