The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1868-07-28
Corres ponaenne


cts sF&w NsW@A ARFFNM.
sr- Yssa. ysis 81. isas
rhs aaanessl fsstars n M eay. nrresss b. b
ne ssuousersaeus q Representative stsvens
that b eoaaa4srs ne 80 Beds - tl,s paitss
Bgsa-s ~ l-uias Iagatla Is arsaataahs -. .,
thsY arg stgicd ~ OangraaN iswfs5 alsasas This
aecisFti3gn hos the hY# q zoe who psi anls
.sT4res 4 = called ths iaaser = ne EsgulslisAh
fAFss, sas oss wAase ieaaeEsaiR ~ = iseausuils
lsaon sckn0vieagpa "a the apas = the H5ass i
Representatives, give. weight AB8 character ts
~ plaa whlch i hAs ~ hefsaafoss rpoayea =
Is nissfSncos a an aspsrAus iaz ihs Prusi1eatiA
I cface. kke FaBdluiaa. oausd be- aaAub as y Bgb,
weight ne aoelArA1iun q Iusler m8shi bs
esasiaeFcd 81 = hia ~ porspnGl popalAztlys zap
pealing AZ Is did y he passsaas apd pfriusliees
rather than tss sound iuAgussul ef he ponpls
But We cannot thas pass over the adhesion e.
this pfneipie - OPP nly Ana " powuEfaily gtvcu
/ by 50 prominent Republican Esarctiar men
must psust. they muss cansiarr, they musi Dot
they oaBno, take faT granted any longer that tos
I kafs arr re- labe H. gold. sud that they wiH b.
% paid. That conclusion b. % strongly centre
/ Ycrted. that TREY mnst examine The grouuts ca
which they hAyo heretofore based their decision
and mast also 90 Il the mlnds u he people arr
not really taking this sep 4 the question, aad q
such be the caso, the people must and win ruie
al authority aaanaang FROM them, and Il tho
| laws are Dot interpreted u sut them, thuse wha
| oppose Them must and viii he swppt eui u tlat
way.
Popular elamor Is aot sluHya jHst- tho meas
ures u demands are frequently owe thrown, and
in time become very tistastefsl b. Use sanle pub
he which 20 luuJly required their adoption. nar-
ing e existence Of tho war, there is 20 doubt
bat that mems minds seitlod down % the idea
that United States f,uRds wpuld b paid iu Roll
They were, the majority willing that It should be
So then, they would have beoa wiling Il have
incorporated Tie promise IN the bond, bat what
we're the facts Il was not 80 Incorporated.
That i was beloved and accepted bg The agents
for the distribution " Che loan and by them DIS
seniinated among the people, does net admit q
doubt Nov did these agents exceed their
poworsY As we'll founded rule ths principal is
bound for the fall Performance Of the promises
held ont 10y his Rgept Bat who has power 10
bind the United States Gu1ornmcuig This dow
ornment derives its power from the people and
il finds eIpronsioa through congross. When
Congress cnaets law, what public officer or
What public agent can define, explain or In any
manner alter ils termsG The act must read for
itsoli lit mnst be its own exponent What head
of Department. or what 81, RI or Of what grade
must he be who viii decide that an act Of Con
gross means something which is M, included 10
its text7 Those and other like reflections force
themselves on the minds Of those who reflect on
the subject, and who take great interest in the
decision 70 which We may arrive, Better far that
this subject should not bo agitatod that al this
funding cxcitiment should rest, but il viii not
rcst prominent men Of each great political par
ty put themselves forward As the champions Of
payment in legnl tenders, and the subject must
be eandidily discussed that the truth may be
chcited.
sAyiNGs BANKS.
There arc no institutions more prominent or
more useful in the city Of New York than those
named above. There arc twenty-five Of them in
number, and they hold deposits 60 the amount Of
about ninety millions Of dollars. The "Bowery'
leads of in amount Of asseis, which exceed sgy-
euteen millions u dollars then follows the Shank
for Savings" with over fourteen millions, The
eseamsn's Bank for Savings holding over nine
millions The most succossfui Of those OF moro
recent origin is tho "Union Dime Saving lnstitu-
tion, located in Canal street, west Of broadway,
in white marble building which IL really model
OF convenience aud usefulness for The purpose in.
tended. This institution was founded IN 1889,
mine years since, and during that period il has
opened accounts with over forty-Bix Thousand
persons it has been known that about one thous-
and persons have transacted business with il ina
day It's assets now are over i've and quarter
millions, and ii has paid is depositors s225O Of
interest this year. Mr.. John Mclean, a worthy
gentleman, Is its President, Mr. Gardner s, Cha
pin il Treasurer, aud among ito Irustees are
found snch sterling good men as Mr.. VIM. 5.
whitlock, Mr. L. G, Haaghvout, Mr.. silick Mich
OILS, Mr. Aaron Close twho believe il rustieating
in your mouutains), Mr.. Andrew J. Wood, Mr..
John Muck, Mr. Baker u Arnold, Constable Co,
&c Who can calculate the happiness that these
savings confer Oh the people Fortunes have
been acquired by commencing 10 deposit in
Savings Bank, tho habit u acknowledgement the
safety Of tbese institutions give great advantages
10 those q small means.
LINE INSURANCE. AND AExurfIEs.
In tho House Of Representatives CA "Wednesday
last, there was quito a debate on The passage Of
the charter Of the National Life Insurance Com
pauy Of the Unitod Statcs Of America" with
capital of one million dollars, which has ell bocu
taken. This recognition, by Congress, OF a Ma
tionAl Life Insurance Company, is important.
The company in question baH been planned b.
Jay Cooke and others, who have been very prom.
fnoni IN placing the Government loans before the
people There arc nov no more loans 10 be had
at pas, -the public constantly have savings 10 in
yest-s eme wish oniy 10 provide for wife and
children Ia the event Of sudden aud unexpected
death, .@urol persons Il under twenty seven ycars
Of age can, by the laying mp II thirty cents a
week, secuTe one Thousand dollars, 20 be paid on
the occurrence Of death, 70 the once who might
suffer far the want Of t. II the party be less than
forty years ~ age, II will cost him fly cents
a week Who cannot a6Jrl this ? and how many
there arc who can afford to increase the ampnnt,
So a. b have five or ten thousand dollars assured
- those who are dependent upon them Others,
while desiring 10 hay up for ti,oir families, would
HE to see what the money In good for during
their own life 10 such, an endowment con-
mends itsolf This assures the sun fixed for the
hcirs, and IL the party lives be receives IN his
own band the amount named. This method, ray
for twenty years, costs only from three ionrths
70 a dollar woek per thousand dollars. Let us
Illustrate Take person At q yoarr o. age. YET |
The payment Eor tiV,O00 be s37o5o per year, this
$40 900 T. parable 10 his heirs 81 any time before