The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-04-21
NEW YoRK, April 20, 1917.

To the Editor Of the Union:
The success Of the Secretary of the Treasury, in pro-
curing the eighteen million loan, is still the subject of
conversation in city, and many there who appear
to have just awakened up, and just begin to comprehend
the vast of the country has been favorte
song of the Mexican wings and their press to decy the
credit OF the general governmental announce to the
world and especially to their Mexican friends,
that the loan could not, and would not, be taken,
from political motives, whose visions as
and contracted their ideas; others, from pure
seshness, hoping to brighten every moneyed man, and
secure to themselves the loan at low runous rates 10
the government The rag arons and money dealers of
this city have been unremng in their endeavos to keep
down the price, OF government stocks,
They class OF men who would sell the govern
ment for per cent any day, provided they could pocket
the profits They have harped about the btreasury-
proclaimed Shtness in ind the ,so money markeha the
individuals who desired to purchase few hundreds OF
thousands of treasury notes for investment, to hold OIL
aw they S would get them o n~s & S
ment stock advanced previous to the new loan being
taken the less chance they would have to get the loan
at slight premium. The writer of this applied to
l-,-,& Co. 1.-THE writer names the housed for a
the he 10th u April We should advise You to watt said
they, "think you will buy them lower in a few days."
Sc But fortunately in this case their advice was not
taken, and now, instead OF per cent premium they are
3d. The efforts of these men. their low cunning, and
penny shaving business has proved OF no avail They
are all the laughing stock of the whole com.
muny, and every one seems to rejoice that they dld
not procure one cent of the loan The universal verdict
is, "Sarved 'em right" There is probably moi another
instance on record where government, during ex-
pensve war; has ever been able make large loan,
der the legal interest of the commercial centre at pre-
MUM Such is our proud position, and 40 millions more
stock asked for by the people than the treasury required
Could any better evidence be given OF the
in our resources and in the heads of the government
The receipts of the custom house continue TO be enor
nous For the two weeks in April ending on the nth
the large of 81 100000 paid in for customs IN
gold The amount on hand with the assistant treasurer
on the 17th was 81 ,S17,422 s..
So il will be SEEM the money is paid out almost as fast
as received, and goes into general circulation. Our
banks which to be drained of specie and broken up
by this rascay subtreasry, have specie in their
vaults than they have had for years Money plant in
the market, and prosperity and abundance visible on
every hand Alas alas that democratic adminstra-
ton should be so 'slucky" Trade more pros
porous with us than at this moment
Our city is full TO repleon with merchants from every
section of the Union and Canada, laying in their stocks
of merchandise Three Or four huge North river boats
putting up to the wharves every morning and even
ing with their 800 and 900 passengers on board The
immense quantity of produce lying at Albany is pouring
ill., and the moment the canal opens il will roll in like an
avalanche from the ntemnable west, and find market
among the starving millions of Europe People of the
Old World look with amazement upon resources,
while we proudly point TO administration that has
done so much to develop them LEDYARD.