Abstract

Editorials

The article presents information on various political developments around the world. It is informed that, the Democrats took possession on Tuesday last, after eighteen years of opposition, of the legislative branch of the Government. Their majority in the House is not as large as it was in the last U.S. Congress, but it has appeared plainly from the vote cast in the caucus on the nomination of the Speaker that it is a working majority even without the aid of the Greenbackers. A law of New York State, passed March 22, 1875, provides that all taxes levied within the State, including of course municipal taxes, shall be collected in gold. Last week the Legislature repealed that portion of the law which requires taxes to be paid in gold, and left the remainder of the law unaltered. If the Governor signs the repealing bill, or if it is passed over the veto, all obligations within the State which are not made specifically payable in gold will be payable in silver, State and municipal taxes included.