The national Republican. [volume] (Washington City [D.C.]) 1866-1870, 1869-05-10


icr.-whcn the fact became known this
morning that Secretary Boutwell, had dis
patched orders to Assistant Secretary Van
Dyck, ut New York, to buy Government
bonds to the amount Of one million dollars
Per week, on the same plan by which gold Is
sold-by sealed proposals, after due notice by
advehising-it led to much discussion among
financial men.
This move on the part Of Secretary Bout
| well forcshadows clearly the policy which Is
! to be pursued while he remains at the head
Of the Treasury Department. In conversa-
sailOu with your correspondent this morning,
he said il was his intention to have policy
which no one could misunderstand, and
| which would prevent the Department from
being used to enrich spectators all over the
country.
When it becomes necessary TO alter or
change his present policy, the fact would be
made public either before or after the close of
business hours, in order that no one person
could have an undue advantage over an
other through the fluctuations in the money
market.
In every case the information would be
Published before the officers charged with
executing the orders have official informa-
ton US to the course they are to pursue.
Tho Secretary will act entirely according
to the condition Of the Treasury, and will de-
terminc his policy by the receipts aud ex-
| pcnditures of the Department, and not from
the condition Of the money market in New
York or elsewhere.
II tue receipts of Government Justify It,
bonds will undoubtedly be purchased in
amounts larger than one million Of dollars
per week. 1t is the SccretaTy's purpose to
hold these bonds as a sinking fund, and not
han 10 Ia afr nul Fura1 "a
change his order to buy bonds SO far as to
substitute three per cent. certificates In their
place, but this he positively refuses 10 do.
Unless something ut present unforeseen
shoUld occur rendering change absolutely
necessary, ii Is the Secretary's Intention to
adhere closely to his present policy until the
assembling of Congress next winter Wash.
Cor. N y. Post, Saturday.
WHAT CRIPPLE Dip WHILE THE EYES
OF DELAWARE WERE UPOs HIM.-The Will
mington Commercial of Friday says: The
other day o young boy, a sou of Mrs. Forest,
living on the Riddles Banks near this city,
had occasion to take his aunt across the dam
OF Jessup X Moore's paper mills, to the east
side Of the Brandywine creek. On return
ing, owing to the strong wind and high
lrcshet, the boat became unmanageable, and
was carried over the dam breast. Provi-
!
the rapid water below the dam, struck upon
the only rock in the creek whose top was
above the water, and here young Forest
scrambled, and thereby was saved from i'm
mediate drowning. The people soon gath
crcn for the rescue, but the question arose as
to how the boy was to be saved from his per.
ilOus condition. At that moment n lame
boy, with a crutch, came forward and said
Il can fetch him oifr' One Of the bystand
| crs objected, until his father, Patrick Mul
, rien, who was present, said; "Let him go
you cant drown that boy"
A rope was procured, and young Mulrien
with rope and crutch, went to the rescue
N't,r feeling the water little he threw the
r.'utcI ashore, and manfully plunged into
the r.lpll, rushing flood Of waters, headed
, for tue rock In the middle OF the creek
whnrr sat the half-drowned, chilled and
ir"htcnrl boy. Mulrieu swan round and
round ill he got through the eddying water
and ~ the Ice side of the rock, where Ii
scrambled mp, tied his rope around young
Forest, and with his feet had to push him OF
the rock into the seething, boiling current
as the boy sluOOornly refused to leave thu
only placG Of safety, being bcnumbcd will
cold, and afraid to face the dangers Of thu
rapid Hood again. The men soon pulled
. him ashore, where kind hands ministered Il
T. his wants. The trouble then was how Mul
rlcn was to get back again, as he was still
upon the rock, and looked quietly at thu
people, then nj the rushing flood. He pre-
pared himself for the plunge, and after cir
} cling round the partly covered dangerou
rock, directed his course down the creek
made Roadway with the current, and yer!
soon gained the shore, some distance below
: the sCgnc of the disaster.
!