NEW YORK, SUNDAY, JANUARY 9, 1881.-TRIPLE SHEET
of the Land League was continued to-day in the jail in
consequence of a sworn information lodged by the
police that there would be a dangerous riot if the
prisoners were taken through the town.
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GREECE RESOLVED ON WAR
London, Saturday, Jan 8, 1881
The Diritto, of Rome, publishes a dispatch
from Athens which gives the Greek Premier Coumoundouros's
last reply to the French Charge d'Affaires. He
attributes the present situation of the Greek question to
the action of the Powers at Berlin, which generated the
hopes of Greece, which is now only the executor of the
decisions of the Powers. Trusting to the promises of
the Nations. Greece has abstained from hostilities, but
now, acting upon wise counsel, and taught by the experience
of Dulciguo, she must prepare for hostilities.
She cannot recede. Retrogression would cause confusion.
He states that if arbitration were based on the conference
at Berlin, it could only affect a repetition of an act
which has already been accepted. If, on the contrary,
the Berlin decisions should be modified, Greece would
see her rights diminished and would be entitled to refuse
the result. Nothing can be hoped for from the Porte.
It is painful, but inevitable, that it will be necessary to
appeal to arms.
In diplomatic circles at Paris it is believed that the
mobilization of of the Greek reserves, if confirmed will
be regarded as entirely absolving France from further
action on behalf of Greece.
A dispatch from Berlin to The Times says: " It is
stated that Count de St. Vallier, French Ambassador
here. is ready with some more acceptable plan, which
Prince Bismarck favors, if the scheme of arbitration of
the Greek question fails."
Private advices from Crete report a rising ferment of
revolution there, and the determination of the Greeks
to seize the opportunity of a rising in Greece to throw
of the Ottoman yoke.
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THE LONDON STOCK AND MONEY MARKET.
London, Saturday, Jan 8, 1881
The Economist of this week says: The rate
of discount for bank bills, 60 days to 3 months is 2 3/
[email protected]
2 1/2 per cent and for trade bills, 60 days to 3 months, 2 3/4
@3 per cent. One of the chief causes of the check to
the downward course of the discount market has been
the withdrawal of gold for America and large subscriptions
in England to America railways. In the stock
market at the opening of the week there was a great
revival of the speculative feeling which neither the
Transvaal nor the Irish news had much effect in checking.
The late extraordinary buoyancy of American railways
has been renewed. New-Jersey Central shares have
risen 7 up the week. St. Louis Tunnel 6, and Ohio and
Mississippi preferred, and St. Louis and San Francisco
preferred 3. It is stated that the applications have
covered the whole issue of Philadelphia and Reading
deferred income bonds despite powerful opposition.
European Governments have been weak upon the
movements of the Continental Bourses, but South and
Central American were in much request, more especially
low priced stocks of defaulting States. Mexican are 2 38
higher on the week. The markets, however, somewhat
relapsed in the latter part of the week on the gold withdrawals
for America.
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GRAPPLING WITH BRIBERY
London, Saturday, Jan. 8., 1881
In the House of Commons last night the
Attorney-General, in introducing the Corrupt Practices
at Elections bill, explained that its chief object would
be to put an end to the lavish expense accompanying
most elections, and that a check would be placed on the
expenses, by a certain sum being fixed for the entire
election, according to a schedule varying according to
the size of the constituency. Various punishments with
hard labor would be inflicted for corrupt practices, such
as bribery; a candidate guilty of corrupt practices, never
to to be able to sit again for the constituency where they
occured. The bill was read for the first time.
----
MARINE INCIDENTS
London, Saturday, Jan. 8, 1881.
The Anchor Line steamer Scotia, Captain
Spittal, from Boston December 27 for Glasgow, was
ashore for some hours at Sanda Island, but has floated
and proceeded up the Clyde. The fore-peak is full of
water. The safety is announced of the missing men of
the crew of the British steamer Haselda, from Palermo
for London, which was sunk of Cape Roca, in collision
with the Spanish steamer Leon, from Liverpool for
Manila, which also went down.
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REPORTED CAPTURE OF LIMA
London, Saturday, Jan. 8, 1881.
There were reports on the Stock Exchange
at the close this afternoon that the Chilians had captured
Lima.
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THE MONTREAL STOCK MARKET
Montreal, Jan. 8.- The stock market was
exceedingly strong to-day, and bank shares attained
the highest prices of the season. A great
many bets were made some time ago when
Bank of Montreal stock was 30 per cent lower that it is
at present, that it would reach 180. The price it sold at
to day was only 1/2 per cent under that rate, and bets are
now made that it will soon reach 200. Bank of Commerce
stock was also in great demand and sold up to
140. The market closed with an upward tendency, and
a further boom is anticipated next week.
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COLONIES IN THE OTTAWA VALLEY.
MONTREAL, Jan. 8.-The Colonization Society
of the Roman Catholic Diocese of Montreal
has settled 1,000 families from this city
on land in the Ottawa Valley, and made 150 miles of
road in the new township. Two orphan asylums are to
be established in the same district, in which the children
will be trained to agriculture.
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AN INDIAN DOCTOR KILLED.
IROQUOIS, Ont., Jan. 8.-William Collison
and an Indian doctor, while crossing the railroad with
a horse and cutter, near Iroquois Station, were run over
by the up express train this afternoon. Collison was
killed and the doctor died soon after.
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EVADING THE SCAFFOLD.
HALIFAX, N. S. Jan. 8.-Robert Smith,
the Lunenburg murderer, who was sentenced to be executed
on the 20th instant, escaped from the jail at Lunenburg
and has not yet been captured.
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FOREIGN NOTES.
LONDON, Saturday, Jan. 8, 1881.
The French revenue from indirect taxation during the
year 1880 exceeds the budget estimates by $33,800.000.
The building occupied as the headquarters of the
militia at Philippopolis has been destroyed by fire. Five
sentinels perished.
The Union and the Univers, of Paris, have been
prosecuted for publishing articles insulting the Superior
Council of Education.
The Army and Navy Gazette to-day says that the contribution
of the Imperial Government to the expenses
of the Afghan war will be at least $30,000,000.
The Hamburg-American Line steamer Gellert, Captain
Kuhlewein, from Hamburg, took from Havre to-day
the sum of $100,000 in specie for New-York.
Seven amnestied Communists, including M. Trinquet,
arrived in Paris to-day. They were received by MM.
Clemenceau and Rochefort and Louise Michel, but no
demonstration occured.
The North German Lloyds have ordered the construction
of a new steamship of 5,000 tons, which is to be
finished by next June. She is to be named the [E?be],
and is to surpass their other steamers in size, speed and
general appointments. She will be four-masted.
WINNIPEG, Man., Jan. 8.--Two hundred and seventy
gallons of whiskey, rum and brandy were contiscated
by the authorities on the line of the Canada Pacific Railway
during the Christmas holidays. Three persons
have been sentenced to fine and imprisonment for selling
whiskey unlawfully.
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TELEGRAPHIC NOTES.
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COAL DEAR AT ALBANY.
ALBANY, Jan. 8.-Owing to the scarcity of coal
here, prices have gone up to $7 per ton for stove size Lelugh,
and $6 50 for Lackawanna.
FATALLY SHOT IN TEXAS
GALVESTON, Tex., Jan. 8.-A special dispatch [?]
The News says: "On Thursday night at Ammonsville, eight
miles south of here, Jacob Weis shot Ferdinand Charbula, inicting
a mortal wound."
THE SMALL-POX IN TROY.
TROY, N. Y., Jan. 8-The report published in
New-York to-day relative to a "small pox scare in Troy," is
incorrect in many respects and exaggerated in all respects.
There are at present less than a dozen cases of small-pox in
Troy.
TWO WOMEN SENTENCED FOR BURGLARY.
DANVILLE, Va., Jan. 8-The Corporation Court
adjourned to-day. Judge Aiken sentenced Julia Gray and
Anna Carter, colored women to the penitentiary, one for
nine and the other for seven years, for a burglary committed
here during Christmas week.
STABBED BY A THIEF.
DANVILLE, Va., Jan. 8.-This morning Nelson
Foster, colored, was arrested near Clover Depot. Halifax
County, charged with the murder of Benjamin Lumpkin,
colored, who was stabbed to death while attempting to arrest
a chicken thief in this place on Wednesday night.
KILLED BY HIS FARM LABORER.
BLOOMINGTON, Ill., Jan. 8.-Phillip Macon, a farm
hand, yesterday afternoon stabbed and killed his employer,
George L. Kelley, a prominent farmer, who lived three miles
from here. Macon had used violent language to Mr. Kelley's
daughter, which Kelley resented. Macon has been arrested.
FATAL FALL FROM AN EXPRESS TRAIN.
KALAMAZOO, Mich., Jan. 8.-The body of a man
was found near the Michigan Central track, a mile east of
this place this morning, and was identified as that of Charles
Robe, a travelling salesman of F. Wiltman, of Wilis-st., Chicago.
He probably fell from the evening express east at 2
o'clock this morning.
AFFAIRS AT WASHINGTON.
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DEBATES AND OPINIONS.
A LONG DICUSSION ON THE REFUNDING BILL [?]
THE HOUSE-THE ARGUMENTS DEVELOPED-[?]
FRANKING PRIVILEGE REPORT.
Nearly the entire session of the House [wa?]
occupied yesterday by the debate on the Refunding
bill. The opinions of the members
as to the practicability of floating a three per cent
bond were varied. There were one or two
amusing scenes in the course of the day, and
some fiery speeches were made. The Indian
Appropriation bill was reported from the
Committee on Indian Affairs. The Democrats
of the House still refuse to allow
the report of the Postmaster-General to be
read concerning the alleged violations of the
franking law.
---
THE REFUNDING BILL IN THE HOUSE
GREAT CONFLICT OF OPINION AND STRONG OPPOSITION
TO THE THREE PER CENT PLAN DEVELOPED.
|BY TELEGRAPH TO THE TRIBUNE.|
WASHINGTON, Jan. 8.-The House of Representatives
has devoted another day to the [consideration]
of the Refunding bill and made very little [progress]
No question has been discussed in Congress for [several]
years which has elicited such a [variety]
of conflicting opinions, or one upon
which so many members have advanced and
advocated such startling propositions, as has the
measure now before the House. The drift of the
discussion to-day was evidently toward the adoption
of the committee's recommendation for a
three per cent security, at a short time, with option
of redemption at any time. The chief argument
against the 3 per cent rate was that such a [bond]
could not be floated without the contraction of
National Bank circulation, for no one seriously entertains
the belief that this House would be disposed
to take off even one-half of 1 per cent from
the taxation on circulation.
The most formidable opposition to the 3 per cent
rate was by Mr. Frye, of Maine, who is himself a
member of the Ways and Means Committee, and
who early in the session had voted for the 3 per
cent amendment. He said that during the holiday
recess he had consulted with many bankers and
financial men, and was convinced that a 3 per cent
short bond could not be negotiated, and that no 3
per cent bond could be sold, unless it should run for
thirty years. a length of time which the
House evidently is not disposed to give
to any bond. Mr. Frye fixed the limit of the
three per cents which could be negotiated at
$200,000,000 in bonds running from one to three
years. He did not think that a single dollar could
be sold of a three per cent bond running from five to
ten years, and he declared that the four per cent
bond, with its fictitious value, yielded only 3.25
per cent; that no country had ever placed a three
per cent bond at par, and that any attempt to do so
would result in disaster.
The Ways and Means Committee thus began to
break down at the start. Mr. Cannon, of Illinois,
greatly doubted if it were possible to float a 3 per
cent bond at par, and believed that it would be better
to give the Secretary of the Treasury discretion.
Mr. Newberry, of Michigan, known as a business
Congressman, took very radical ground against the
3 per cent bond, and said that he spoke authoritatively
as a bank director. He made a
slip of the tongue. or was indiscreet
enough to say that he went to the directors of his
bank and asked them how he should vote-a slip of
which Mr. Gillette, the Greenbacker, quickly took
advantage. Mr. Newberry, said, however, that the
bank directors advised him to vote for a
3 per cent rate, but that they had since
decided that if such a bond should be adopted
they would retire all their circulation. The
Greenbackers of course opposed the 3 per
cent or any other rate. They wish no refunding.
The advocates of interest, Mr. Gillette said, were
"sharks of Wall Street" who had ventured even to
invade the halls of Congress, and one member (referring
to Mr. Newberry) to his eternal shame had
stated that he went to a National bank to receive
his instructions.
General Hawley, in opposing the 3 per cent rate,
presented a series of new tables which are the result
of the latest official compilation of Professor Elliot,
the Treasury statistical expert. General Hawley
was inclined to draw the line pretty close, however,
as he thought it possible to negotiate a 3 1/4 per cent
bond. The table which he presented shows that
the 4 per cents of 1907, at the present net selling
price, 112 4/10, and excluding accrued interest, yield
3 3/10 per cent annually. The 4 1/2 per
cents of 1891 yield 3.21. This is
the lowest rate of interest at which
it has been shown the Government can borrow
money. District 3.65s, with Government guarantee,
yield 3.63 per cent. Currency 6s ranged from 3.30
to 3.44. The present value of a 30-year 3 per cent,
it was demonstrated, would [range] [?]
96.12.
There were also strong advocates of the 3 per [cent]
rate. Fernando Wood insisted that there was no
doubt that a 3 per cent bond could be
negotiated. He said that he had received
numerous letters from banker declaring that it was
certain that such bonds could be sold. He produced
one from Mr. Hatch. of Fisk & Hatch,
New-York, who has hitherto claimed that a 3 per
cent bond to be negotiable would have to run fifty
years, but who now expresses the opinion that
a 3 per cent short bond could be floated.
Speaker Randall declared that there was no doubt
that a 3 per cent bond could be sold.
and Judge Kelley took the same view.
Mr. Randall's theory is that it is possible for the Government to negotiate a 3 per cent fifteen-
year bond and 3 per cent ten-year Treasury
notes; and he would compel the banks to keep subscriptions
open for fifteen days.
A vote was taken upon an amendment which proposed
to give the Secretary of the Treasury discretion
to the limit of 4 per cent, but it received only
12 affirmative votes in Committee of the Whole to 149 against it.
The rapid debt payers maintained their usual
position that it is folly to attempt to refund, and
that the Government would save interest by
not refunding and by paying [off]
the debt from the surplus revenues.
General Chalmers, of Mississippi, characterized
all refunding bills as sink-holes for the absorption
of the people's money. Mr. Hurd
made a vigorous speech, in which he denounced
in strong language "the false,
fraudulent" silver dollars and the greenbacks. Mr.
Hurd also declared that sinking funds
are a delusion and a snare. Incidentally,
a good deal was said about the silver
question in the course of the disenssion.
Mr. Belford indulged in a fiery defence of
silver. He said that if it is right
to protech pig iron in Pennsylvania, copper in
Michigan and sugar in Louisiana, it is right
to protech silver in Colorado and to reorganize the
silver, which, he asserted, is the money of the
Constitution. Mr. Belford's remarks elicited considerable
applause from the Democrats and Greenbackers,
especially when he declared that a party
which persisted in its efforts to dishonor the
silver dollar would not receive the support of the
West. No vote was reached which afforded a test
on the question of the rate of interest.
The Indian Appropriation bill was reported, and
notice given that the Appropriations Committtee
would demand action upon it next Monday.
---
THE VIEWS OF GENERAL CHALMERS
HE FAVORS THE APPOINTMENT OF SENATOR BRUCE
TO THE GARFIELD CABINET - WHAT HE THINKS
OF UNSEATING SOUTHERN CONGRESSMEN-THE
KELLOGG CASE.
|BY TELEGRAPH TO THE TRIBUNE.|
WASHINGTON, Jan. 8. - General Chalmers was
asked to-night what he thought of the proposition
to secure a place for Senator Bruce in President-
elect Garfield's Cabinet. "I think very well if it,"
said General Chalmers. "I know of no Republican
white of black, in my State who stands higher [in]
the general estimation than Senator Bruce. [His]
selection for a Cabinet position would not be [di?]
