Democratic Sentinel, Volume 10, Number 14, Rensselaer, Jasper County, 7 May 1886 — WASHINGTON. [ARTICLE]

WASHINGTON.

Prof. Bell and Gardner G. Hubbard testified in the Pan-Electric inquiry at Washington. It was brought out by their examination that the New York World article was prepared by Gen. Sypher for Prof. Bell, by Bell sent to Hubbard, and by Hubbard sent to President Forbes -of the Bell Company. Prof. Bell furnished the committee with this note from Gen. Sypher to Bell, which covered the article: Dear Sir—l hand you herewith an authentic statement of facts compiled by my associate, Mr. E. N. Hill, which may interest you. Tho scheme to destroy your patents was tolerably well matured, and it remains to be seen whether this reform administration will lend itself to its consummation. E. N. Hill is tho Lawyer Hill who figured in tho Wardor-Stealey investigation. He is a Washington lobbyist. The House Committee on Territories has ordered an adverse report on the Senate bill to admit the southern half of the Teritory of Dakota into tho Union of States. The report will not be made until action is taken on other hills regarding the admission of Dakota.

Gen. Sypher, an ex-Congressman from New Orleans, testified in tho Pan-Elec-tric investigation, and confirmed Professor Bell’s statements that tho New York World newspaper article was composed by E. N. Hill, a lawyer-lobbyist lately from Arkansas. Wlntelaw Reid, of the New York Tribune, testified that tho first article concerning Attorney General Garland’s connection with the Pan-Electric Company had been prepared by Major Clark, one of the Tribune's Washington correspondents. The Tribune had not paid anythiug for the matter. T. C. Crawford, the Washington correspondent of the New York World, testified that he obtained the facts on which he based his letter, printed in tlia World and headed “Loud Call for Mr. Goode,” from-a United States Senator. He declined to tell the Senator’s name, without his consent. Ho had obtained the original history of the case from E. N. Hill. The Senate Committee on Commerce lias voted to make a favorable report on a new Atlantic & Pacific Ship Railway bill as a substitute for the original ship bill. Jas. B. Eads and such others as may he associated with him are created a body corporate with tho title of the Atlantic & Pacific Ship Railway Company, with power to issue capital stock and bonds not to exceed in the aggregate $100,090,000. The United States will afford aid not to exceed the sum of $7,500,( 00, under certain conditions specified in the bill. Brigadier General Thomas H. Ruger lias b en assigned to the command of the Department of Dakota, and Brigadier General J. H. Potter to the command of the Department of the Missouri. In the telephone investigation at Washington, Speaker Carlisle test tied fliat ho was notified of his election as a director in tho Rogers Telephone Company, and that SIOO,000 in stock had been placed to his cx-edit for such services as he might render. He replied that while he remained, in Congress he would not b 9 interested in any enterpriee requiring legislative action

Representative Samuel J. Randall testified that he had no distinct recollection of having received either a letter or stock from Dr. Rogera Representative Abram 8. Hewitt testified that he had been solicited to embark in the Pan-Etectric Company and had been offered a tenth interest, but had declined. The following is a recapitulation of the national debt statement, issued on the Ist inst: INTEREST-BEARING DEBT. Bonds at 4X4 per cent $250,000,000 Bonds at 4 per cent 737.75 . 00 Bonds at 3 per cent 163, nr,, 3 0 Refunding certificates at 4 per cent. 210 0 ) Navy pension fund at 3 per cent 14,000.000 Pacific Railroad bonds at 6 per cent. 04,623,512 Principal 0, 65.-62 Interest 6)7 * . .. ■ —.■ Total 51.21 45.451 DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY. Principal s>,>-56,795 Interest. 20 ,554 Total S , 03,646 DEBT BEARING NO INTEREST. Old demand and legal-tender notes. $340,738.5?! Certificates of deposit 1 , >l. ,000 Gold certificates s l t -,y, Silver certificates t 0,733,111 Fractional currency (less $8,375,931, estimated as lost or destroyed).... 6.95 ,5 7 Principal 510,656, .11 TOTAL, DEBT. Principal $1,770,870,001 Interest 9 430,551 Total $1,(80,365,552 Bess cash items available .or reduction of the debt 2 >2,307,700 Less reserve held for redeinDtion of U. S. notes 100,000,000 T °tal $3 ,2,3u7,7U0 Total debt less available cash items Jl, i -1,057 B*7 Ket cash in the Treasury 7 /,u30,999 Debt less cash in Treasury May 1, Debt less cash in Treasury Apru 1,1886 1,4’7,992.23.5 Decrease of debt during April gi >,<)(r> 38/ CASH IN THK TIiLASURr AVAILABLE FOR RFDUCTION OF THE DEBT. Gold held for gold certificates actually outstanding $81,715 >25 Silver hold lor silver certificates actiially outstanding 90 73? 141 U. 8. notes held for certificates of deposit actually outstanding 11,515 000 Cash neid for matured debt and interest unpaid 15 341,347 Fractional currency .. . . . ’ 9>3 Total available for reduction of the debt $2)2,307,7CC RESERVE FUND. Held for redemption of U. S. notes, acts Jan. 14, 1875, and July 12 tt $100,000,003 Unavailable for reduction of the debt— Fractional silver coin • «23 831,482 Minor coin *4.JG;3 1 Total £29 3 ; -73 Certificates held as cash. 1 ........( ?’ 3j Net cash balance on hand * 77,03 Total cash in Treasury as shown by tho Treasurer’s general account.. $492, 62,510