Democratic Sentinel, Volume 11, Number 14, Rensselaer, Jasper County, 6 May 1887 — LATER NEWS ITEMS. [ARTICLE]

LATER NEWS ITEMS.

The Interstate Commerce Commission devoted one day to its sitting in New Orleans, and a pretty busy day it was. Judge Cooley, in opening the proceedings, remarked: It miv be well to say at the outset that the scope of our authority in the premises is very much limited, and that we do not purpose to go beyond it. Our investigations are under tie act, but they are not for any purpose of questioning the propriety, justice, or expediency of that legislation. On the other hand, all that has been settled for us, and we are here simply for the purpose of determining the question whether, in pursuance of that legislation, we shall in certain specified cases which have been brought to our attention make exceptional orders, which shall give relief in these cases from the ordinary opera tions of the law. That is all we purpose to do, and all we have any authority to do." The following is a recapitulation of the public debt statement issued on the 2d inst by the United States Treasurer: INTEREST-BEARING DEBT. Bonds at 4\ per cent > 250,003,000 Bonds at 4 per cent 737,797,500 Bonds at 3 per cent 28,u79,'Jk) Refunding certificates at 4 percent. 177,750 Navy pension fund at 3 per cent.... 14,0<X), i K) Pacific Railroad bonds at 6 per cent. 64,623,512 Principal $1,094,678,712 Interest 8,780,655 Total $1,103,459,368 DEBT ON WHICH INxHBEST HAS CEASED SINCE MATURITY. Principal $6,310,715 Interest 193,.>03 Total $6,504,015 DEBT BEARING NO INTEREST. Old demand and legal-tender notes $346,738,183 Certificates of deposit 8,350,03 J Gold certificates 94,434,48 > Silver certificates. 137,740,430 Fractional currency (less $8,375,934 estimated as lost or destroyed)... 6,948,472 Principal $594,211,573 TOTAL DEBT. Principal $1,695,231,000 Interest b, 9 >3,956 Total $1,704,174,957 Less cash items available for reduction of th* debt $ 261,118,459 Less reserve held for redemption of United States notes. 103,000,000 Total ; $ 364,118,459 Total debt less available cash items. $1,340,056,438 Net cash in the Treasury 34,846,038 Debt less cash in Treasury May 1, I*® 7 -; $1,335,170,459 Debt less cash in Treasury April 1. 188' 1,318,223,553 Decrease of debt during the month § 13,053,038 CASH IN THE TREASURY AVAILABLE FOR REDUCTION OF PUBLIC DEBT. Gold held for gold certificates actually outstanding $94 434,485 Silver held for silver certificates actually outstanding 137,740,430 U. 8. notes held for certificates of deposit actually outstanding 8,350,000 Cash held for matured debt and interest unpaid 15,284,672 Cash held tor bonds called not matured and balance of interest 8,335,950 Fractional currency 2,922 Total available .. $264,118,459 RESERVE FUND. Held for redemption of U. S. notes, acts January 14, 1875, and July 12, 1882 $ 100,000,030 Unavailable for reduction of debt: Fractional silver coin.... $26,891,076 Minor coin 137,582 Total $ 27,028,658 Certificates held as cash 34,0?2,740 Net cash balance on hand 31,886,038 Total cash in Treasury as shown by the Treasurer's general account. .$ 461,10",896 Three thousand Chicago hod-carriers are on a strike for an advance of tvages. The proprietors of shoe factories at Cincinnati locked out the members of the testers and fitters’ assemblies—women and girls—who had refused to send delegates to the Board of Arbitration for settlement of the annual scale of ■wages. David S. Fotheringham, the alleged accomplice of “Jim Cummings” in the famous St. Louis and San Francisco train robbery, was placed on trial at St Louis on the 2d inst. The points and affidavits in support of a new trial for Watt and Schwartz, convicted of killing Kellogg Nichols, were filed at Morris, 111., last week. They claim that new evidence has been discovered, that the Court erred in several instances, that certain of the jury were unbiased, and were later prejudiced by Dr. Axtell’s sermon, and that the closing address lor the people was not according to the evidence presented.