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Show GE ERAL. Demoralized State of ttt Cotton Market. New York, 4. Tne iron.f financial finan-cial article says the Bank of England has advanced the rate of diseouut oue-haif oue-haif per cent., and say, the cotton market is in a state of demoralization, bordering on a panic, and the advanced rate of discount is a precautionary measure in the event of sudden and creat withdrawals of money from the London market, where it has been deposited de-posited for safety, by persons on the continent of Europe, during the war. It is stated that the Greek merchants in Europe are carrying a heavy load of cotton, and there is no doubt they will be forced to sell, and realize from the action of the bant. The writer continues: The power of the Bank of Eng'and to crush the most gicautk-speculation gicautk-speculation has boea frequeat,y illus trated in the past, and he cites how the bank crushed the Greek speculation specula-tion in grain not many years aco. anu the financia1 crisis aud panic which resulted re-sulted therefrom.- I Tfce Clotnff Honrs of ConrreoK. I M ashiagion, 3, midnight. The President with his private secretaries and cabinet came to the capitol to si. bibs and was snugly eared for in the President's room. Just a momeni ago they were in the hadj of im sergeaut-at-arms of the Senate, who had spread a fine collation in his office on the House side, A well known frequenter fre-quenter of tho corridors has pre-emptee the miliary committee room, auei spread a bountiful supply of eauvass-back eauvass-back duck, champagne and eimis. The House is impatient at ths delay of the Senate, aud manifests iis feelings feel-ings in dh-order and turmoil. San Francisco San Francisco, 4. The steamer S.ic-r-imento, P. M. S. S. Co., sai'.iig today, to-day, touches at Mzadan, on the Giiif of California, aHd San Diego, Caia-fornia, Caia-fornia, landing freight and passenger. Tne others will do the samo regularly hereafter. This is an cutireiy new regulation, necessitating a considerable increase in the time. The citizens of San Diego held a grand jubilee in honor of the passaee of the Southern Pacific railroad bil. last night. The success of the measure is hailed with great satisfaction on this coast. Sheriffjackson, of Trinity county, was convicted in the United States court last uight on the charge of collecting col-lecting foreign miner's tax lroin Chi namen, contrary to the laws of the Uuited Slates and th constitutional amendments, 'l he case will be appealed ap-pealed to the Supreme Court of the United States. Connrinaltona. Washington, 4. The Senate went into executive session about five o'clock this morning, and coufiruied among others, the following nominations: George A. Black, secctary of Ulah Territory; Cornelius Hedger, U. S. marshal, district of Montana; assessor of internal revenue, G. A Ballcman, Slate of'Novada. Organization of the Xtit Congress. Washington, 4. Both Houses, at a few minutes past twelve, proceeded to the organization of the new Coneruss. The President and members of his cabinet, with his private secy's, occupied the President's room near the Senate chamber, where the President signed all the bills which were presented to him, with tho exception of nine, among which were an act for the relief of purchasers of lands. After organizing the Senate ad-ourned ad-ourned till 12 o'clock on Thursday. |