OCR Text |
Show ! IMPORTANT MATTERS j Defer Hie nmltrn Mate, tonfttiu ( Kallroad Tool, tomnifrre i aod Traucpcirtatloti, A PAPER ON UNITOnM COMMER CIAL LAWS. The Sitlonut Monrr .ilcrri. C'ortrtll Makes a .Strong Plea for irce Mltr-r. Df T.I'fTlpa 14 (as .iws. Till' m.arritx MrAiri iiixinm. farters en llallreiul I'ool.. Tesn.l.or. laden Ami littler ul.rcts Kansas Cm, Atll 10 It was 10 o'clock bcforu the ts-tern Hiatus Con grcas assembled tills morning. James I'eabodyof Chicago Ml a jiper on railroad pools. I In said it uat not hi much loir rates llmt (he 1 1 irs want hit stable rate. As tending In olilaln etal le ratni, Ihe speaker endorsed thu J nterstato ( 'online rce Commlsluu. Meiicral Ulatrof Kama. nad a st.r on transiiortatlon, as allcctlng commerce com-merce anil finance. Ho iM the government gov-ernment ought to rovldu aa much money at la m-ceseary tu carry on tho country's 1 111I11119 and then leave (lie ciuetdmi of (InaiKo alone. In like manner thu government ought also tu keep Ita haudsoircommerco ami trans lortatl in anil let thini Ihj governed by natural lawi. A telegram from the I resilient ami executive committee of the Chamber of Cointnrno of Hie Stale of New I ork waa read, (tasked icrmleloii (o call the attention of the Cougnsa to the late action or the Chamber regarding 1 iroTimentur the Mlsall-il lilver, und particularly thugravu Importance of r rotectltiff tho adjacent territory from the terrible ravage oct aaloned by a periodical overflow of thu river. llllam i:. Hew ei , resident of tho Wholesale (Irot-era' Aasoclallou of HL Louis, spoke. OV TIIAVrOHTATION. He thought (lie Federal government should rontrol the traftlo of the rail roa Is, Just as It now controls Interstate Irani r. lie wants a bill iaa.nl that woul I glto the present uiuimlsalon jsjwer to enfon It dee ree-a. Hma tor Cochran of Missouri thought the Htato ami redoral governments ought to keep their hands utr and r-luil r-luil tho rallroa Is to ilo their best. John Coniform of Denver Ske of the benefits of the railroads, Hpecchea were niaJo before. theCougress by men who condemned the railroads. Theo aame men had cuine west and bought government lands at $1.11 peracro and we re now otlerlng It for tale for -V) and J2iw per acre and giving aa their ei cuse for the high price tint the railroad pasted through tlio land, 'the rail will led the advance of civilization and Industry and In thu WesUru countries tbiy should be built numerously. numer-ously. C. rt. Dietrich of Hastings, Nob, real a paper on transportation In sup. lwrt ol a resolution Introduced I y him, which irovlded that tbu Interstate Cummurce Commission should hate, sutsirvlslon and llmllid control of the railroads. Htato Henetor Swltrlcr, or Nebraska, advised the Congrcwe to ouuslder the matter of transportation Iher. oughlyiiiidatterut to proposua rem-edt. rem-edt. James Madison, of Mississippi, Hpealtr of tho Lower Homo of thu I-glilature, said that the Htato hojied tlio Congress would be HUral with and tolerant of thu railroads, aa (hey had male the West what It it. I). 11. Martin SVIIIIams, of Missouri, tw lleveil the (lovernment ouglit to suHil.e the railways and railway i barges. Iteuts iiuttl o'clock. J A Y I TUlllll.V ur ST. I1L IS read a aier on "Uniform Commercial Lass," and devoted irtlcular alien Hun to the subject of his liankrut law, Torrey ei lalned the i rovlslons of the 'lorny llankruitcy bill, and promlseii thnlll would lie before the next Con gre with tliu eudorsumeiit of com menial UidleM all over the country, Ion. A. J, Warner of Ohio addressed the (Oligless on "Thu I elation of Money to Hank (Vedlts." Tlieru bhoul 1 be a limit to bank credits. Thu Htate lank no longer had iiower to Issue mouey, Isit they crisited inomy to the Issuance of lauk i redlu. Hlncu they arrogated hi themselves thu fuuo Hon of the Htate, they should come under the Htate'a su.ervl(lon. At prestnt thu bank i redlts, In prosrtlon to Hie actual mouey In thu I mils, was as from llu to aueu to one. It was nut of tills iiniiil.uiMtlsl etmoture of itredlt money, treated out of nothing, V i that erryinnlu that was kuovii had " lm 1 Isieliinlnic. It slioull Iwrmtrlcted toelojirelltto$l of nitual rnon-i, l'anli'soulltlHiiliuliuiossU)hi.raken thu i.and millions from thu upper stoo i four lotfhiavy ejiUm of bank rredlta an I broaden thu foundation of our luomy ustimbi ad Hug a thouaiml millions, nreven live huudriil nillllous, to the real money of eltlur gold, stiver crpair, an 1 disaster would bolmtios-illili. bolmtios-illili. Which should It be, by a 1ml. ufgold, that Is unnstuntly uarroulng and Its nrodui tlouuimlnlslilng, iwi lm with tlio eer rapandlnz sjstim of lank crullt currency, ml Jut tu ei i pari.Iou and eollaime, as thu Inttrrsta I eriupllltyof the hanks may dictate, I r histredltaud more actual momy, K In wiilch confidence wasnover waul I H1 K? JUHOH 1), l, WIIINIII J of IaAugelia read a pajier on tho h "National Money rij stein." Tho (Irculatlinf medium must be In. 6 treated, said Wlduer, to rntit the I irrovtli of iiOiulatlon or the butl J ;iw of Hie country must lu Killed oil until within Hie rnm.ua of 1 the intent circulation, riieru Is not eaougti money luclnulatiou, and the want of money (aused a stringency In the markets. 1 reeiotnagu would not Kcraiiipiisiiiiiaiinlmtrtuilis, for thu ll illation was lm easing loo fast, fhegreat ol Ji ctlou to free toliuge whs that the annual roluct of silver, MlOoii.ixoworlli, whin eolneil npn lenteil $a tiOil.tK), or a J rotlt of SIS,. ,0ui to a few sliver rodiicera. lhat was of too great locnl lieusfll tu l of any Uueflt tu luo whole icojlo. Tho r'anmr's Alliance hIkiiib of loaning money ntnliw rate of lourct, Ntunil by lind, wastuojarllianto I ncceit ed. Vi Idnt r would have a s stem li 1'ed llion tho authority of the le, Int f (it hy the wealth uf the l le and a I mlhlitercl for tho lionellt of tho whole I'lisilatlou, using all the gold and silver and supl lenu tiling their ll.ob thohgal Isniu (f from :i l" fil lr cilta. Inllatlnn, canstltulloual re I ii llatlon and tho threnttneil ihane uf tho gold dollar as tho measure of value were dangers to hue intended agilnst. In order ti omicoiuo thefu dangers on 1 toglvelilssisttmstat lllty he l ruixf enl an aim mlmeiit tn tho ron stltutlouoftheUlilteil Htatee, rovlil lug for a nsllon it mm ncy drrulstlug medium to amount tu JJ I r ceplta, na shown ly there ii'utof Iblnnd each succ(iJluf'en.u.;for Hi1. prpr re-deniHon re-deniHon of which, when leipilred, thu nsourevs, pros rly and faith of the nation are lodged, ror which redetui Hon Cuiigrie, b a two thirds Yuto In each Iioiibi, tnayirovlJefiirthei ivIMtlou of iov ernnunt ruxenues from taxtt In gull anl sllvcrcolii. HalJ cuinncy. with thu gollandsllvircoliiof the Unltnl HUtieiof present weight and fliicnrVs, the gold dollar ns tlio unit ol value, nnd such notes as may be Issued In licit of gol I or silver coin aii I bullion hell exclusively fur the ridemitloii thereof, shillciiuttltuto the only legal mrmey of tho United Htatee. Congress slnll liavunu lower to Increase or ile erensu ssld le.ue, provl led Hint niter the Is.uuof IDjiiCougriM ma), ly u two lhlrJ.oteof eaciiHou.o, ledutu thu rato of further Issue. t.w. iii.m.i;miiiii frofessor cf iollllcal eeonqmy of the Canas Htate Unlverslt), oko In op jiosltlon tn the fre-e colnau uf sllve r. The last ssakcr of the eveulng was henator t'ockrell, of Missouri, whu ma le a strong lea for fn-e silver. Thu re iliitlous committee comi It led Ita work this aflirnnoii, aul the n jort, which was not unanimous, will bo madu tomorrow, rho majority an I minority agree excel t on three re-solu tlous 1-avorlug the free coinage of all ver, favoring Hie Issue of legal tender noli s.tc dermal lulu gold an I silver, In iuanl!ly siifllcleut for the bulnes of tho country, and favoring a tariff for rerenuo only, A minority endorsed thoso resolutions and will preseutaru ort lhureon. The uthe r resolutions praise Hetrttary Husk's conduct uf the Agricultural Department, und favsr feileral lm tirovement of the Mlilil pi Itlvcr, Irrigation br thu national government of Hie arid lands, consummation of treaties of reciprocity w Itti thecuuntrle-a with which the United Mates ex chauges ruduets, an I construction by the federal governmi nt uf aderp water harbor on tlio Uulf of Mexico. A Ureal lullrriait I nlerprlse. Nkw Viittic, A) rll ID. William Davis, general iiierlntendelit uf the (Vir'tis I'lirl.tl Jt Houth American Hallway Coiniiau), which Isromtruct InzaliuoofMlIruadfrom the llnlte.1 HtnteatoHoutli Amerlra, gives nsum mary of Iho work as far as It lias gone, and also thu future jlans of thu evin I any. Ilo sajs, thuugh little has bee n said aliout It to the isitillc, the road Is one ef tho gleatest rallnial Uilldlug enterr.rv. The lino which lliocom lian has be gun Is to be "160 miles In length. Three years are to ho taken in bulldlug. J'rum JWifcl tu lii.OHI men will bu euiloyid. Contracta have ts-cn madu which call for esjuii lotion frjru Cort us Chrlstl tu the Itlo (Iraudu by April 1st. The lino will rrins the itlo tlraii lu at llnm usvllle, Texas, and run theme to Tuxpati -rum which isiiut a I ranch Hue will run tu thu I'lty of Mexico. I he main lino will continue from 'iuxau to Manltalaud, tn rhunteiec, 111 -Mexico, thence tu (Juatemala, H elva tor, N Icaragua, CostA Itlca and 1'anaiua. Concessions are madu ly thu government of each of tho countries through which It will pass and subsidies granted. I'reeeeiltnas laaleisl WUkLoii. (lAI.I.intlui, HI, Arll 1C The grand trustees of the lirotherhood of lUllvtay Trainmen recently removed by Uraud Maite r Wtlklnsun, have begun be-gun prooredlngs In eliancery lo ro strain him from Interfering with them nnd from a jmlutlug a uew hoard. Iiuttiunlir rniaTsir. 1'niiviuiNn, April 10. Wool, socket's city government voted tu grant ten years' Immunity from taxes tu Mes.rs I, Clalru of llelglum and Ix-gg of l.ngland, If they would erect n largu worsted manufactory lu that city. Thegculleuieuhaveelosed with thu oiler. I.rueral leielle lluvlnl. DrS I n, April HI. (leneral C. 1m-Telle, 1m-Telle, Nin of Count lavvle, of 1 rante, and whoat ouetlmuwasi rominent lu tho Jtu4iu and Crlmeuu wars, was liurled heru today, Death octurretl Haturda, The AnslrnlUie Llertloii mil, Ht. l'AUI, A rll 10. Tlio houau iiaiuicd thu Australluu electhn bill and it now goes tu the governor. |