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Newspaper
Freeport Journal
Location
Freeport, Illinois, United States of America
Date
Feb 06, 1878
Page
2
It is confidently expected at Washington that the silver question will be disposed of this week. The statement reflects rising confidence in congressional action and potential policy shifts in the near term.
A sensational circulation claims Secretary Sherman will be indicted in New Orleans. The report offers no official confirmation and appears to be rumor amid political chatter about potential legal action.
In Oakland last week an election to fill a vacancy yielded a State Senator, marking rising strength for the Workingmen’s movement. The article argues that an awakened working class will push aside minor political operatives and corrupt influences.
The Republic Life Insurance Company of Chicago has declared a fifteen percent dividend on all admitted liabilities except stockholder credits. This is the first dividend by the bankrupt company, and it is hoped others will follow until policyholders are paid in full.
The piece claims Southern papers largely agree that Black residents die at about four to one the rate of whites due to un cleanliness, poor food and clothing, shelter, cooking, sensual excesses, drunkenness, neglect of the sick, reliance on conjurers over physicians, and lack of disease precautions.
The widow of Henry Hobart Saylor of Chicago seeks to dismiss the executors of his estate. Chicago papers claim the executors have enriched themselves from probate percentages, having pocketed upwards of 80000? as the inquiry suggests. The widow contends the estate business is more lucrative than allowed by law.
The armistice is regarded as established, with Russian control extending from Rodosto on the Sea of Marmora to a point on the Black Sea. They command roads to Varna Schumla Adrianople and Gallipoli, giving Russia mastery over land routes into European Turkey while water access to Varna and Schumla remains open.
The town backs M Y Johnson as Congress works on river improvement to render Galena navigable in hopes of reviving its former trade. Critics doubt success and warn the project may require a new town site or river, while praising the representative’s potential influence and social gains at the city’s expense.
Intense excitement marked the Du buque area as Alsop family members, a father and son, were buried by a mine cave in a shaft 75 feet deep. The elder Alsop was rescued after 52 hours, uninjured apart from hoped-for recovery, while his son George died after they reportedly spoke for hours before the boy succumbed.
The Inborhie notes no convention has been called to nominate a biveli date for the vacant judgeship in its Judicial Circuit. Lee and Stephenson counties urge Sen. J. W. Eustace of Dixon to stand in the coming election, with no opposition to his candidacy apparent. The Dixon bar praises his past performance and integrity, suggesting that since Judge Trenton hailed from Lee, it may be fitting for that county to fill the vacancy, making a nominating convention unnecessary.
The Chicago Legal News reports the Supreme Court upheld the act redistricting the state for electing Circuit Judges. The court also announces Judge J M Bailey of Freeport as successor to Judge Heaton on the Appellate Court First District. Bailey is praised for health, intellect, honesty, and a large library. his appointment is widely endorsed by the bar.
The January debt statement records a debt reduction of over $1.6 million for last month and nearly $16 million for the first seven months of the fiscal year, nearly double the prior year’s pace. Coin balance stands at $66,308,552 with $4.94 million in silver, while gold coin holdings total $61,744,095. Currency balance falls to about $3.6 million. January legal tender drop $888,852 and fractional currency under $300,000. Customs revenue rises about $700,000 year to date, internal revenue down $2.8 million. The January statement details the month’s figures.
A February 1878 letter to the Inter Ocean argues over the silver remonetization bill and the 1870 standard. It contends the 4121 grain silver dollar, not the 420 grain trade dollar, should be honored to fulfill contracts. It warns paying with a lower value coin would dishonor creditors and urges restoration of silver to unite gold and silver values, easing economic hard times.
A steamship voyage from Philadelphia to Para Brazil went ashore at Currituck beach at 6 30 PM January 31 amid a southeast gale. About fifty passengers and crew drifted ashore while as many as two hundred others are believed lost. Reports detail the vessel’s struggle, ruptured coal fires, and delayed lifesaving aid, with further AP updates promised.
Ex Governor Wells arrived by morning train and was moved to Parish Prison amid crowds. He is ill with pneumonia and declines to answer questions about his departure. Report says he surrendered to protect his bond, while counsel hope for a favorable jury from the new panel drawn for the month.
A London dispatch reports the armistice terms agreed by the Porte and the powers. Conditions include Bulgarian principality, indemnity, independence for Roumania Servia and Montenegro, reforms in Bosnia and Herzegovina, Danubian fortress evacuations, and Dardanelles arrangements. Rejoicing in St Petersburg and Roumanian notes regarding Bessarabia.
A Copenhagen dispatch reports every precaution to close the sound and approaches to Copenhagen within twenty four hours if needed. The British ironclad fleet is noted at LavaIetta and Besika Bay while Austria fears grow over German-Russia alignment. Gambetta calls for a European congress to end the war, and Italy weighs a guarded alliance with anti-Russian powers. The Pope and Cardinal Simeoni back aiding Christian nationalities.
In a historic test Dover to London ninety miles round, a Belgian Voyageur pigeon carried a document faster than the Continental mail express. The pigeon completed the trip in fifty-six minutes, while the locomotive took seventy-six minutes despite the rail line’s length.
The Third Assistant Postmaster telegraphed New York Postmaster that trade dollars are not legal tender and thus need not be received. The message cites a joint Congress resolution approved July 22, 1876 and states the trade dollar shall not be a legal tender after that date.
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