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Gold Has Touched 100 1-4

Gold Has Touched 100 1-4 image
Parent Issue
Day
19
Month
April
Year
1878
Copyright
Public Domain
OCR Text

On Wodnesday the Senate unaniuiouöly adopted a resolution for a rm die adjournment on Juno 10. The Supreme Court, which commenced its Bession at Lansing, April 2, adjourned nne die on Wednesday. In THE Senate, on Monduy, the bill to repeal the bankrupt law was passed by a vote of 37 to 6. The nay voting metnbers were all Republicana. On Saturday last the House made an appropriation of $5,000 to oonstruct a monnuient over the grave of Thoimis Jefferson. "Better late thau never." Oji THE 13th inst. the Northwestorn National Bank of Chicago advertíais! to redeein its outstanding notes in gold : the first bank to resume. " Honor to whom honor is due." The "oldest Masón" has died again : this time at at Geneseo, 111., and on his 102d birthday, April 9. His name was Peter Hammond. He was bom in Newtown, Mass., and joiued the Masons in 1799. The country is safe : Senator Sharoti, of California and Nevada proposes to visit Washington and remain several weeks. He is probably out of pocket inouey and wants to draw his unearned salary. The Allegan Democrat (greenbacker) gives it to be understood that Hon. George Willard, of the Battle Creek Journal, is in training as the National or Greeuback candidate for Congress next f all. Oh, George, George, why is this thuely? The Broadway Bank, New York, commenced paying out gold on Saturday last in 8ums of f500 and under ; and on Monday the Third National Bank of Cineinnati oommenced redeeming its notes in gold. Isn't it time that the greenbaekers in Congress put a stop to this thing r Cuicaoo merchants commenced paying out gold on the 13th inst., and coin checks were deposited with the banks as currency. And now can't gold be driveu out of c.irculation by a new issue of greonbacks 'r If resumption is n't defeated in some way the occupation of the political greeubacker will soon be gone. At Greenville, on Suuday last, Hon. C. C. Ellsworth, at home on a visit, was assaulted by one J. J. Shearer, io tront of Keith's Kxchange, and severel bonten on the head with the butt of a heavy whip, fracturing his skull. No warning was given of the attack. Ellsworth has been oounsol ia a snit against Shearer involving domestic difficulties. TlIE Senate Finanoe Committee reported a substituto on Wednosday for the House bill repealing the Resumption aot. It provides for the reoeption of greenbacks for bonds, and for customs duties after Oct. 1. 1878. Notes received at the Treasury department not to be oancelled or destroyed but to be again paid out or used for funding or other lawful purposes. THE Post and 'l'ribune has the blues, fits, " rabies " worms, or " suinthin' " else : and just because President Hayes has direoted a re-hearing in the case of Gen. Fitz John Porter, a vietiin to the partisan conduot of the war. The lamentations are loud and long because Gen. Porter wasn't hung. Perhaps the President will revoke hia order to please our Detroit cotemporary. The Blaib resolutions reopening the Presidential question rest quietly in a Senate Committee and on the Speaker's table in the House. Meantime Mr. Kitnoiel, of Maryland, introduced a bilí in the morning hour of Monday last, providing for fíling a bilí in the Supreine Court, etc, which was referied to tbe Judiciary Committee, - the opponents not knowing its nature. It is safe to say thut no bill of the kind will pass either branch at the present eessiou. Hkecüer may be a guilty man, but tbere is nothing in Mrs. Tiltou's letter of confession and thecirounistancessnrrounding its procurement and publication, whioh will shake the faith of the confiding friends or oonfirm the doubting. It has too muoh the appearance of being the price paid for a reunión of the Tilton family. One would naturally suppose that Mr. Tilton would have gludly acknowledged that he had been deluded into believiug his wife guilty and that conviction of her innooenoe had restored her to hia anus, but the ways of Theodore are not those of other iugu. " Anything to beat Boeoher" is his motto. It is to be hoped that the new life of the unsavory scandal will be a short one. THE SENATE of New York has passed a bilí calculated - we ought to say de8gned rathar than calculated- to relieve owners of mortgaged real estáte from taxation, whicb Beems to us to be a model ot " how not to do it." The first section provides for the deduction of mortgage Hens from the assesRed valuation of the mortgaged real estáte ; the second for tha assessruent of the inortgaguB to the holders, and for tbe payment of the tas by the mortgagor in oase the mortgagee sball negleot for a period of thirty dayg. The fourth uoction provides that if tho mortgagee lives in another section of the State he inay have the amount of bis mortgage deducted from the valuation of hi personal property,- thus relieviug the real estáte of one section at the expense of another. And then the fifth nullities the wbnle aot by providiug that the parties to auy mortgage may agree that the mortgagor shall pay all taxes, in whicb case no deductions in assessments shall be made. The Senate evidnntly bad uo important business on band wben it passed the bill in question, or its members bad a poor idea of the intelligence of the debtor classes Sl'EAKIN'O after the manuur of men, Bro. Conger, of the Heventh district - the would be leader of the Republicana and the protectionints of the House - "put his toot in it" wheu he answered Mr. Wood'sdauiagiug argument against the neceasity ot protection - a Jncksoa fork manufacturer's letter saying tlittt none was needed ly that business - by an avenuent that the reason why, was that the Jackson manufacturo employed convict-labor at 32 cents a day. Uol. Withington, of the firm in qiiestion, writes to the Jackgon papers say ing that Conger made, to put it iuildly, a " random guess, and vcry wide of the truth." He ailds, " We pay more thari doublé that 8um. The argumnnt that we aro able to export our product by reaaoii of using convict labor falls utterly to the ground in face ot the facts that almoü eteryork maker in the caualry in nom exjiorling more or less, and that of the total quantity of forks exported nol oae-fifth are made In convict lubor." Mr. Conger would do well to know his ftiots when dealing with matters of business, - tuough on muio political questiona ignoruuue of facts muy be a bleasing to the average Congressuian. The House Pacific Railroad Comniislioueis bill was reported on Wednesday. Fhe Comiiiissioners natued in the bill re Charles Francis Adauis, of Alass. ; A.lbert Fink, of Kentucky ; and Judge Dooley, of this city. Thuy are to hold office for three years, to receive a aalary jf $10,000 each, to have an oftioe at Dmaha, with a clerk at a salary of $'2,500 with an office and incidental expenies. The Comniissionera are to have I general supervisión of the Central I'a:ific, Union Pacific, Kansas Pacific, Dmtrer Pacifio, Burlington and Missouri Pacific, Sioux City Pacific, the Western Pacific, and the Central branch of the U uion Pacific railroads, with power to sataeiish rules and regulations, freight tarift's, etc. Judge Cooley is named a the Commisaioner " thoroughly skilled in the law," and his selection is generally oommended. Not BECAU9E they love greonbacks more luit Hayes leas. This is how a Battle Creek correspondent of the InterOcean accounts for the recent political turn-over in that city : " I do not think that this resul t is so uiuch owing to the real strength of the National party (which hnd only been organized six weeks) as to the general disgust on the part of the Republicana with the Administration, and a desire on their part ' to rubuke it." Well, well, it' the " loil " Republioans of B. C. or ny other place can afford to adopt the rag baby just to spite Hayes let 'em do it. Isn't it soinetbing like biting one"s own nose off. Gkeenbacks having appróximated to within a small fraction of the price of gold, and resumption being nearly an accomplished fact, the following resolution (the 6th of the Illinois Democratie platform), " That we favor the iinmediate and unconditioual repeal ot the Resumption act" reads veiy much ■ af ter this fashion, "Resolved, That the earth is flat and that it rpets on the back of a turtle." And several other resolutions of the platform are off the same piece. The Illinois Democrats have certainly furgotten the time-honored legends of the party. Dr. Carnochan certified that " Boss" Tweed'a death - which occurred in Ludlow street jail at noon on the 12th inst. - " was caused by pericarditus (inflammation of the cells surrounding the heart), pneumonía, bronchitis, and f.hronic disease of the kidneys." With such a combination against him no wonder the old fellow " passed in his checks," and it was not exactly the thing for him to say to his lawyer, just before his taking off " Williain, I guess Tilden and Fairchild bare killed me at last. I hope they will be satisfied now."

Article

Subjects
Old News
Michigan Argus