davidaulloa/AmericanStories huggingface dataset:
Minnesota Staats-Zeitung. [volume] (Saint Paul, Minn.) 1858-1877, 1865-01-21
Orm fednen @inne{ota= 81 eeiment.

SSSI-
ct. eouis Dc. ben 8. Sanuar 1864.
Wertbsr 5srr Reeafsur!
Ge 1T i6cr 0sraun'e 3eit FER, toe i'd
Shnen etras rom 6.tate lr,n Ioi1en. NIs
Isin CO aiett eten nidt ltbr risl Neues ~
teri6ten. eenn man 1T ole Splrot bier oan:,
a!s rrern man n'dts RON 8ri,a mise,
unc unleye haupta.tcit til +: in Ito!pE.'
risnff, une rn 8eruduns Der perl6is,
eenen Militdrsefdnan'He unp RenrG,uue.
Iae Eeaiment 1T IN ollsn 5bcilen rtr
Staet jsrftreut ; ndml'd Die Gcmrauien
u. UNI &. l!np Y,ccrg : @aae; g.. 8
it SYesialmade fir zen @rnsral= Yleycs.
Wa, idaG Grl. :. 8. Bafn rom 10.
Minneiota S"tan'ern Nsaimtnt, uno lie
itri9en Z Companion l;sa.n i'm unteru
S:ar:tbeiE, 5dpKslrB ayrods 80. 3 unp
3. &stere BADEN wcbl eeu ln.iaen i15iienH,
eer nfbsntei cu9 psran.por1lite1 It. ala
cer er ancnn GcmranitN sic batsu
ois 8sgad'uNA Ger ;tpti Ntt LID Ultima.
ni1s 81 oerift:n unr Vnr ieeen Sea 20 ~
rie IS tsim Sclraten bcift. Tey @s<
iunt bcite;uIcne zee Neaimeute if itcu
et'pos te'tre lsilrsm eas fate @ettet Gin.
t,it.
ytstcn Sonntua eeleiteten tie Nffeisre
ess NsAtmen'e unc rit @cmponie RS
gerfiortenen. sic Qei&e ycn Qieut @be,<
lsr rem 81. 9. mad Ger Rirde unit Sou
"a rad esf GrpreFcifet UNI lie sc,i
bitraue 'einsn @crranelsn iu,uldidsn.
eieut. Col. Grant ecmmane,u cas- ltez.
siu1eat, es'eV StsrF. @cl. Nps,iu mad
cie Stelle oils Yrcp. %. Gen. psn Yiini.
nelc!a tsfleirst. Sieu:. Gcnnsly ppn g..
q. III jeBt Nrjutant an Ter Stelte ron
yteut, Sncr, rer %rsl1arirt bat.
geten unitrmy- ninf. batsn mir taaeaen,
nae rie'e anetrt Spleattp nibt ba6en,,
eoe Gereriiaen, Gle 1beater ais "a Fnr:
tss pcuti@s Natiunaltbeater, r@arietiee."
st. Qouis une Yome,y 1beatrr befutfN
~ tltfem uno auserrem nod aeleeeutia
Gin eutse O!as Bier au trirf.n. 1as
reullhe Ibsatsr if rurGlbnnlid i.ctn
Absnr Etr aui te'udt unc rir 8cuen Inb
NQe nil euien 3alen IN t,ltet. SGt
1%nfiAlHNnA sfs nrusn Y:cspf @sf;x,
fgole $ 9. Vat.r aehtn Gle @sl&Gk.
in ten &rtaeatr;tten' unr seihitttnfN
@e'tSren RAID rcrraus. wdbrsne g Ia
alien anrsrn Saatn %unteereiRi9 !an0faM
oins.
SIT fam nidts Weiteres N,ue5 ldr,i,
une mu6 fir eieies Mal 19li.eem.
SD pe tleite Sbr @......t.
Minnesota Staats-Zeitung. [volume] (Saint Paul, Minn.) 1858-1877, 1865-01-21

~u S'kNaAEHtA wv HtHb1 NIII WI Up
ten @eleBsebun9 gum 8efen franfer unp
Yerpunpeter Sclcaten babe ib III fur3eu
3wiidenraumen itsben @cmmiNdre, pom
oenen ishs Nerste ,raren obseldidt. UNI,
nnleren Scleatsn beiiuteten, welhe fern
Don Der 5etn,at |Ama9tetsu une littcn.
Au6 babe t6 %permanenle Msenten er<
1,annt, wel@e nad) BEN B%enurfni7en UNI
1erer Snpalicen in ben 6clpitdlern ~
@%albinetou, ct. Souls 2cu;soiQe unp
Wempbis ;u ieten baben. Die @eenten
IN @albinstpn unb Msmpbis iino Bir,
ger Don Wiinnflota une srfiQen p:epai@<
ten ibrer SteQuns nit preisrurpieer pia<
asbuns pbne Splp uno 2pbn. 5uneerte
un(srer @1lontdrs baben 5ilfs ssfunpsn
pesr (inp ibren Anaeb5risen 3uradseae>
seben morren rurd bic 5llfe rer III See
be ftebenesn Spseialafte u1e id empfeble
bic 9eswtuisuus Don f~dnftaulenr Dollars
fir Zen untsrbalt ether dbnliden M8en>
TUT tpabreno hes sesenwdrtiaen Sabre.
Da bic Summe ron $500 Staa!S'
Tonos, relhe cem Or. G. y. Gtberipae
aupertraut wuzoe, I'M bon csml.Itsn ,uur
Bsfen unlersr fran:en Solpettn in 4!r<
tanlas nsraussdbt 81 wereen, i'm, IN
Dupal's Bluff esitoblen purrt. 10 en-
pieble i'd. paS Der 8etras eriebt ,ptree.
Bebortlide Mnisrensuneen flnp semadt
epprpeu, bic placiruns zines ausemeinen
9olpitals innerba!b tes Staatt6 pur9su,
isben, auetn bic unsewisbeit, fit uniere
franten uup oermunreten Solpaten, fete
bic nbtbisen 1ranspottuittel au fnren,
bat ete Saae se8en uns eutf9iepen; bas
,.Dspartenent bat incefen Elm Sequences
0etauoe beldaHt sueem belonpersn3mede,
pte Snpalicen Minneiotas in Yrdrie ru
in 8iseonfn unter3ubrtn0en.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03
CONGRESSIONAL.
FRIDAY, February 81.

klbAf, feDruafy u.
SENATE The bill frJm the House to con-
strUct n ship canal around the Falls OF Mag
ara WAS taken up.
Mr. Morrill, moved to refer the bill to the
Committee on Commerce.
Mr.. Trnmbull thought the Military Commit.
tee was the proper reference, as the bill was
measure for defence as well as for commerce.
The Military Committee had heretofore had
charge of the subject, and had in vestigated it,
The bill was then referred to the Military
Committee.
Mr.. Grimes presented the petition OF A. W.
Arnold and other clerks of the Navy Yard,
praying an increase of compensation. Referred
to the Fin ance Committee.
Mr. Wilson moved TO take up the bill reported
from the Military Committee in addition to the
several acts for enrolling and calling out the
national forces.
Mr Trumbuii objected IL it would displaca
an unfinished business-the resolution de-
claring certain States not entitled to represen.
tatives in the Electoral College It was most
i'm portant to dispose OF this subject -
Mr. Wilson said he thought It OF more ma
portapce to get soldiers than anything elss a.
be understood that what was going on (reter.
ring to the peace commissioner rumors1 had
stopped enlistmeuts all oyer the country. :
He called for the yeas Ind nays; and mis- mo.
ton TO take up the bill. in addition tc the sev-
erai enrolment acts, prevailed
1.-THE bill allows person VINO Is enrolled ana
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03

Lis bic to dram 10 be accepted as substitute ior
a drafted person, the latter to be exempt fsr
such time as the substitute shall be held 70
service under the terms Of his enlistment
The bill was read, and then made the order
for 4 O. clocs TO. morrow.
Mr.. Dixon called mp the bill 70 amend the act
to incor porate the Metropolitan Street Railroad
The District Committees amendment chang.
ing the route OF the Georgetown oraneh OF the
road SO as to run along G reen street from Water
to Gay street, (nstead OF montgomery street,
The amendment to the Cd section, allowing
the directors to sell the stock OF subscribers
when delinquent on any instalmen', was o.
iected to by Mrssrs. Farweu and Connsss as
giving too much power. There shonid De oAiy
somuch sold as would pay the del.nqaent In.
paid up large portion on bis stock might nave
ii nnlustly sacrificed.
The section was passed over for the time.
ny to give only six,ee1tickets, instead OF twen-
ty-five, for a dollar, was adopted.
The bill was then laid aside.
HoUsK.-The House passed several private
bills.
ON motion OF Mr.. Stevens the House resol we'd
itself into Committee OF the Whole on tine
State OF this Union, and took up the Navy APP
MIR. Davis, of Maryland, spoke IN favor OF an
amendment heretofore offered by him. propos-
ing the establishment OF board OF admiralty
He reviewed the naval forces, drawing conciu-
siops that we are not the great naval power
that some officials an d newspapers Wouii MAKE
us believe He spoke OF the failure OF the Navy
Department in the building OF war vessels, ana
Al length advocated a board OF admiralty TO
remedy and guard against similar future dis
asters The board is designed to advise the
Executive as to naval organization and ad
istyation, Mr.. Davis condemned the double
enders, because, be said their machinery is
exposed and occupied his hour in the exami-
nation of our navy and kindred subjects.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03
FROM THE Saith

Lees Army on '.Pe ce'' Prospects-Their
Joy and EXuitation-Res of the
''fankee" Troops-The 'Tailahassee"
not Destroyed.
The Richmond Dispatch Of Tuesday, Jan. 81.
contains the following:
"Messrs. Stephens. Hunter, and Campbell, the
Confederate peace com mssioRers, who left here
on Sunday morning for Washington city,
stopped Sunday night in Petersburg. whence
they went through the lines to City Point yes.
terday morning. They left our lines on Gen l
Bushrod Johnson's front. As they were max
ing The transit, their character. and the object
of their mission became known, when our
troops sent up such a cheering as never was
heard before, and continued it till the commits
sioners were ont of sight, and we'll within the
Yankee lines, when the clamor was immadi.
ately caught up by the Yankee troops, who
chPered and hurrahed until they were hoarss
Amidst these deafening shouts eff armies the
commissioners went on their way. The next
we hear of them will be through the Yankee
newspapers.
"Gold yesterday was stiff at forty We
'The enemy's newspapers have falsely re-
ported the Tallahassee as captured She ran
into New Inlet just after the capture OF Fort
Fisher, when, discovering that some important
change, he knew not what, had occurred in the
military situation, her commander, Captain
Maffit, put to sea, and made good his escape
He touched the South Carolina coast, and put
ashore messenger with dispatches, who has
reached this city.
"The news, il any, brought by this messen.
ger, has not been made public"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03
Affairs in Georgetown.

THE WAREHOUSE MARKKT.-The butchers
association have nearly completed the paving
of the interior of the building, assigned for their
own use. The white washing will be com
menced next week, and very soon after they
will proceed to the location of stands for hueK-
steIs and other dealers who may choose TO &C.
cupy this market with them. This market is
the one in tended to be independent of the Cor
poration market, and for which a Pattion has
been presented to Congress to obtain the neces-
sary authority.
FLOUR AND GRAIN MARKRT.-Ths market
quiet: demand principally TO supply the local
trade Supers are quoted at Sll2j 10 Sil so.
Extras, SlI75 to Sl2. Grain.-No arrivals or
sales reported.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03
THE PEACE MOVEMENT.
Arrival Of Rebel Cen issiouers-Meve
meAia of tho PrAsidenf..

ments OF tho President. Z. -
Correspondence Of the Baltimore American
ANNAPOLIS. Feb. 2.-Passengers by the steam.
boat Lady Lang, which arrived mere this moro.
ing, from City Point at noon on Wednesday,
state that Messrs. Stephens of Ga, Hunter Of
Va, and Campbell of Ala, the commissioners
from the Richmond Governments, were at City
Point, on board the steamer Henry Martin,
Gen. Grants despatch boat. waiting the ar.
rival OF an escort TO Washington, probably
Secretary Sc ward, who, Is you are aware, left
here yesterday at one O'Clock, and who, no
doubt, arrived at City Point this Thursday
morning. They may be awaiting the arrival
of some one competent to judge of their claims
to represent the Confederacy before permission
will be accorded them to proceed to the Ma.
tionai Capital. The greatest excitement ex.
isted at City Point in relation to the mission Of
the rebel representatives. and great anxiety
was manifested to see them, but. they studi-
ously avoided publicity, keeping closely on
board the Martin.
President Lincoln Goes to the Front.
After the above paragraph was written, his
Excellency the President or the United States
arrived in Annapolis. entirely unannounced,
and without any OstentatOus ceremony what
ever, but, like the democratic Republican that
he is, he quietly proceeded to the Naval
Academy, where he embarked on the steamer
Thomas Coliyer, and proceeded, suppose. to
City Point He was accompanied only by a
ervant. So quiet and unobtrusive was his
arrival and departure from the ancient city
that scarcely a score knew Of 1t until after the
steamboat sailed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03

DRAWING ROOMS AND RECEPTIONS AT THE
EXECUTIVE MANsIoN.-As Mrs. Lincolp will
hold her weekly drawing room to- morrow
afternoon from ! to O'clock and there will be
a reception also by the President and Mrs
Lincoln on Monday evening next, from 5T to
IL O'Clock, it may be seasonaole to remind Wis.
itors of the hints that have heretofore been
given in regard to dress. Undoubtedly there
has been marked improyementinth this respect
this season; yet on the last occasion OF the kind
the Observance OF the usages of good society
was by no means universal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03

PRRsoEAL.-Brig. Gen. Chamberlain and
Brevet Brig. Gen. Dennison, of the army Of
the Potomac, have gone home on sick leaves
CHpts. Winslow and Haskins, brigade quar-
termasters 5th army corps, have been ordered
to Savannah.
Capt. Marvine, A. A. g., headquarters 5th
army corps, has resigned.
Brevet Brig Gen. Morris Is in command of
the Middle Department during the temporary
aheence Of Mai. Gen. wallace.
Maj. Gen. Cook has been relieved from the
presidency OF the military commission in Bal.
timore, and Col Ross assigned to his position
instead
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03
New T-3O Loan.

We desire to aid the Government gent In bring
ing to the notice Of the people this rev Loan.
which is peculiarly adapted to temporary invest
msnt, the notes being more of The nature of cur.
rency than long bonds, and therefore more readily
convertible int money.
The Notes will be Issued in denominations o.
$50, $1tO, s50a, 600 and $1,000. will run
three years from August Is, 1854. will bear 3 10
PER CENT INTEREST 10 currency Tor one cent
per day on 500, pay able half yearly, and at mstu
ritg will be redeeme in if the holder
prefer will be converted into 5-2i bonds, bearing
six per cent. isterest in gold.
We are authorized to receive Eve per cent legal
tenders in payment of inscriptions, allowing 40.
crued interest to date of receipt.
feb If LEWIS JOHNSON co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03
THE PEACE COMMISSIONERS AR.
RIVE AT FOR TRESS MONROE.
Secretary Seward meets - IN There-
Protracted Interview between Them.

BALTIMORE, Feb. 3.-The following has just
been received by the arrival Of the Fortress
Monroe steamer:
FORTRESS MONROE, Feb. 3.-AIexanaer H.
Stephens and several others OF the peace COM
missioners arrived here this afternoon from
City Point on General Grants special despatch
steamer M. Martin.
Secretary Seward was there in the steamer
River Queen awaiting their arrival, immedi-
ateIy upon which both vessels proceeded to an
anchorage in the stream, side by side, and at
this writing, quarter past O'Clock and as the
Louisiana leaves for Baltimore, they are still
ont in the stream,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03

~The Philadelphia Evening Bulletin was
sold Wednesday afternoon at auction for
$50, zoo. II was purchased in the interest of its
former proprietors, J. 5. Chambers and Col.
Cummings retiring.
~ Major General Dsgget and Brigadisr
General mcCullum arrived in New York
Wednesday from Savannah.
III On the 27th ult fire broke ont in
Savannah, destroying two SQUARES key of
powder was found at the side OF the arsenal
unoer clrcumstances that led TO the belief that
the nre was me work Of rebel incendiaries.
~ Three rebel vessels the Vuiture, Lark
and Wren are at Havana, fitting, ont. II IA he
Neyed, for pratical expeditions
III poor family in Savannah has falIen
heir to IA fortune Of seven millions dollars
~Three national iron clad vessels ara row
stat Toned at TIE mouth of Red river to fms
trate any attempts at q raid down that stream
and the Mississippi which the rebels may de-
sign making.
aTThe total casualties in General Tarrv,s
army in the fight at Fort Fisher were six hun.
dred and ninety one. OF the So eleven officers
and seventy seyen men were killed, thirty-
nine officers and four hundred and seventy.
two men wounded, and niaety two men miss
ing.
UCThe Senate Military Committee have
now eleven hundred and fifty -four nomina.
tons before them 10 be acted upon, from Major
Generals down to Lieutenants. -
~The sum OF sl6,l25 has already been sub
scIibed in Boston for statue Of the late Ed.
ward Everett
Srlti 10 asserted that Spain will demand Of
Peru Indemnify 70 the amount of fifteen mil
lion francs.
SDanr y. Norton, the Senator elect from
Minnesota. who will succeed Mr.. Wilkinson,
Will De ore OF the youngest members OF that
body, being about thirty i've years OF age.
81 Abe earnings OF the Great Western Rail-
road (Canads) for the second week in 1865
were ten thousand seven hundred dollars less
than in the second week in 1864. So much for
bad faith and the passport system.
~ A bounty jumper who had been arrested
and heavily ironed at Galioups Island, N Y.
q few GAYS since relieved himself OF his man.
acIes by means OF key passed into his mouth
from the lips OF n young girl w no obtained per.
mise ION % see him In the presence of an officer.
and kissed him At parting.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03

SHERMAr's MovKMENTs-A correspondent
writes from Savannah:
"The regular winter rain set in about q week
ago, and a vast amount of water has fallen
since. In order 10 get troops out of Savannah
IN any direction, except towards the sea, pom
toons and stills are necessary. Between Sayan-
nah and the South Carolina shore there is a
vast lake, the flat land being four feet under
willie road for three miles. After we lea We clear
water we strike mud and water five hundred
per ceEt worse than ever was dreamed of in
Virginia. The sun has shown himself this
morning, and since the soil dries easily, the
movement which the rebsls expect as well as
we do may not be long deferred"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03

The Richmond Papers Exercised-No Sub.
mission, NO Compromise-lndepen
or the Last Ditch-FranticA Appeals to the
People.
The Richmond papers OF the 3lst make fran
tic appeals to the Confederate people not to
listen to any terms OF compromise shor: OF
Confederate Independence. The Enquirer SAYS:
mo matter what pledges and guarantees
may be offered to seduce the people to lay down
their arms, any termination of this war that
does BOT secure our liberty and independence
Is failure, and disgraceful and ruinous fail.
ure on our part. Any sacrifice which secures
liberty and Independence will be cheap when
compared with the ruiaous consequences of
reconstruction. Better go down fighting, bet
ter be snbIngated and conquered, than live to
recoilect that we brought our ruin upon our
heads by deceptive reconstruction. "
The Sen says that General Lee "said, on
n recent occasion, that he was not insensible to
our reyerses and TRIALS but that he was, never.
theless, not only hopeful, but con fident. Any
compromise OF cur struggle, he further re.
marked, would prove only q truce or armis-
tice, and wOuld be an unmanly shrinking from
present duty that would entail upon our chill
dren untold disasters"
The Sentinel goes on to say:ssThe time when
a movement for peace should commence to bs
agisted has always been looked to by consid
crate citizens as that at which our principal
danger would begin.
1.-THE roar OF conflict rouses manly instincts
and SteaCies the nerves, but the faintest pros
pect of peace begets WEAKNESS of fatigues and
dIseomforts of war. and a longing after repose
that sometimes betrays men TO their ruin, or
entails disaster upon their children. They be-
gin painfully to count those tolls, and estimate
those hardships which they have before horne
with patience. and even enth usiasm. We trust
the people of the Confederate States will show
themselves nfIicisIt to escape this peril.
''We hope their purpose will remain firm,
their demands fixed, their resOl va steadT The
terrors Of war have not inundated, let not the
Establishment OF peace seduce them. Let us
not through any Impotence show any giving
way OF our courage and breaking down OF our
virtue, or SO much as entertain the slightest
thoughts that look in the least degrees 10 Wer
than our unqualified independence"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03

THE WEEKLY STAR, on our counter, and In
wrappers ready for the mails, contains details
OF the peace commission, results OF Mr.. Biair's
visit to Richmond, interesting news from
Grant, Sherman, Thomas, and Fort Fisher
full particulars of the naval fight on James
river, the Constitutional amendment abolish
ing slavery, the Treasury Department ira gedy,
proceedings OF Congress and the Courts, For
eign News, Editorial correspondence highly
interesting locals, latest telegraphic dispatches
turai and domestic miscellaney.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03

GOVERNMENT Goal DoCK.-In order to OBJ
viate the necessity OF sending Government
vessels TO Alexandria to coal, after their ar
rival here, large coal dock is being erected at
the foot OF Sixth street, which will be cCm-
ple'ed in a few days, and will be a great CON.
venience to bcatmen
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03
THEExPLosIoN AT FORT PIsHER

We have before us some. specimens of the
wire leading from Fort Fisher to Fort Caswsil,
and by means Of hich the rebels blew up the
magazine at Fort Fisher after its occupation
by our troops, resulting in such serious loss Of
life.
There were two wires, one insulated with
gutta percna covering, and the other with what
appearsto be ca'chutouc, wrapped spirally with
strips Of cotton cloth and coated with tar. Vita
its surroundings the wire is about the size of a
pipe stem.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03
TELEGRAPHIO NEWS.

Burleigh, thu Lake Erie Raider, Delivered
to the U. 5. Authorities.
QUEBEC, Feb. 3.-Burleigh, the Lake Erie
raider was delivered to the U S. Provost
Marshal at Suspension Bridge, New York
this morning at o'clock
The alien law was read q third time and
passed the Lower House last night by 107 yeas
10
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03
EALLY CHEAP DRY GOODS,
AT 8. 81. MsYENBERG's,

Having bought the entire remaining stock Of the
lately retired firm of Messrs. j. 7. Potter, Marta.
no Co., of New York, at a 10 price for cash.
with deduction off per cent. Ii sell the whole
stock at prices named on the bill below still leav-
ing profit of per cent to myself and to the
public the greatest bar gains.
The sale will commence MONDAY, Jan. 30th,
until sold.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03
TIE CORPS Hospital

TIE CORPS HOSPITALS.
Within the PAST few days the corps hospitals
of the Army OF the Potomac have been cleared
of all the SICK ana wounded, who have been
sent to City Point, for transportation North
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03
DIsMISSED

Colonel George r Latham, Of the 9Th West
Virginia cavalry, has been dismissed from the
service of the UBited States, on the finding of q
eourt-martial, for allowing the post OF New
Greek, west Virginia to be surprised by rebel
raiders some time ago, and its garrison cap.
tured.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-02-03

THE FIvE-TwKNTIEs.-TheN N. Y. Evening
Post says:
The old five-twen ties, it will be observed
are selling at rates per cent. above those OF
the new bonds.
The principal reason for the preference given
to the old bonds Is, perhaps, to be found in the
fact that they are so well known abroad that
foreign brokers refuse TO regard the ne " bonds
as a good delivery. Another reason, doubtless,
is that the OLD bonds are almost all In the hands
OF investors, and being thus absorbed, and
firmly held. very few find their way into the
market for sale. The supply being thus re-
stricted, while the demand Is increasing, the
price OF course has n tendency to rise. The
new fiye-twenties. on the contrary. are largely
held at present by capitalists who ha We bought
them IN large quantities to sell again at profit
The supply i, consequently kept fully ade-
quate. and is sometimes in temporary danger
OF exceeding the demand. Hence the price is
IA her depressed. II is, however, important
for investors to remember that the new five
twenties. tn ugh AT present the cheaper securi.
ties, are intrinsically more valuable than are
the old bonds. And this in two respects First
the new bends offer a longer investment-lhey
have two gears longer to run, falling due in
1881, while the old bonds fall due IN 1882 and
secondly, the law expressly promises that the
principal OF the new bonds shall be redeemed
in specie, while there is as yet positive stip-
uletion as to specie redemption in regard to the
old bonds. Under the influence OF these and
similar consider atioBs, the new fYe-twenties
will hereafter be likely to rise in popular
favor.