New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-09-14
RIDUciYG INTEREST on 7HE DrBr

TO the Edifor OF me Trftune.
SIR: The lion Ion Times reports that forty-tive
times the amount called for had been subcrbed Tor the
French loau aud there may yet be further returns Tho
nominal amount is eocoo france AID the nominal rtc
II interest three pei cent? but tho loan offered al Cy4
aud " payable nsalhnenis, the actual AMOUNT Is
about 900oOco. and tie rate ~ per cent Here then,
Is surplus sufficient 10 pay whole debt. offered 10
France ~ - per Allowing for the probability that
many subscribed for than they wanted, order 10
get an allotment ~ much they wanted, IL Il stl
rrobabe TINT ikcic b. IN France more than want
Co borrow seeking Investment at . pcc cept We can
get 1t II our r.dt he as good az that Of France.
hut how crcdri oar 6os of 1901 are selling At
iOs and gold At AS. wnirh shows less dian .'4al the
price Of the bonds. t:u,u take two months
crucd interest and have say "a as the gold price
aud ior S1S gold the purchaser - promised 50 yearly
norst an sa nt the end Of IA year., In addition to
~, - ,'uN - ,tip th 90 "a compound IN
forest we fipd the rate III per cent Adding together
these inie, ~ have tbl lof cent Ens,h Sosolr, ~
~: ours, ggi. THIS n Illuminating comparison
pui II /. not aL Tbcre is faint proba
bnIty that may revive orr credit, and
borrow a. low netsrt ana pay Oh INC s1 r Sgs
will DO greater prices February %, the pur
chaser n paid IN years from date wound get o96is; "
year, 1900 This mutation Is for the 51s tie 02s
hrndy payable ard the Government could save by pay
ING them nov could II borrow at tate paid by France
and IN that ease purchaser would get hs 81 I'm one
year or less beside HE per simple interest for
ibe time he cid the bonds, Stated M common form
merely the 70 the money paid would I've " or TO-
or ia or lEt ptr rent according the time In which
these bonds are padif paid according TO promise, IN
Now what are the causes OF this low credit Is there
much doubt OF our aiIf 10 paw see no expression OF
such doubt In any foreign Journals or any hut rebel and
hgrhTinn Journals ia this country; ana 20 far as ability
rors ,r credt Should be rs good a. that Of England
The main The hole is the doubt OF our honesty
re- aymetIt IN proI.es and ic other palty tolcrarng in
IpiiOp me wi
both parties ncquiesClng IN the tho mean policy or shay
ing the people ~ the interest paper currency
there Is little Ia excite confidence IN the money markets
~ the world ald since We can lend at seven per cent or
more on bond or mort rage at home or can Ind other
equaly profitable for money, must look abroad
for GoverInent bonds ht low rates. ..t
down the knayes who propose repudiaon IN any way
degree. We must not allow party ties 10 bind us when
the honor Of the nation at stake neither influential
party party measures should tempt us TO suffer
any thmpeng with this most important o all measures;
we must promptly sacrifice all M assures ana all men mat
stand In tho way of the nat Ona credit | am free.
trader and strict constitutionast, and believe that
negro snfrago viii be verse than tie worst white SUN
rage aud have always voted for the Democratic party,
except when whom know 10 be dishonest ar IN.
competent wero candidates; but now have no doubt
whatever that II Is my duty 10 aid all to KIN the
Democratic managing olgarchy. IL ought 10 be Killed 30
ehcetualy that who fails 20 condemn IL shall ever
get office, or be heard I'm public meeting The poit-
cal ratesiakes OF secession have poisoned u; and
must be cut OF from the body polite or the whole body
polite will go 20 corruption and the nation viii
cease 10 exist as n great power.
Down with the Infamous ohgarchy that has proposed
repudaton aud nominated the Presidency prOsti
tuto who smothers his avowed conScuons and de-
olares that be accepts the platform prescribed To hun
Let the WING party be remembered with comparative
respect, hut let these greedy sposmen DO doomed TO
shame aud everlasting contempt They cannot be for
gotten hut let them bu abhOrred forever Until they
Overwhelmingly beaten, and driven from all power aud
country ana the fundmgT schemes of sherman and
and other aud fools will derision Of I'LL
do not tolerate the other party would only uso it
to kill the party that s wholly Infamous 10 that work
redeem the g1renbacks, Ponds