Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1869-05-20

WAsHrxoros, d. C., Nav Is. 1850

Washingssn CsrrssposAescs.
WAsHrSoros, d. C., Nay Is, 1859.
EdS0r Herald The two most fruitful
themes Of remark in financial and buS.
ness circles for the few days Last past hsv.
been the completion Of the Pacific Rail.
road, and the recently announced policy"
Of the new Secretary of the Treasury.
As to the former, which il hailed every
where in our broad land as hardly
second In Importance to any event since
the settlement of the country, few of us
would have believed at the time the sub
ject first began to be agitated, that 90
great an undertaking would or could be
carried to successful completion in so
short time.
1t is less than seven years since the
Union Pacific Railroad Company was in
corporated by act of Congress, and now
we behold chain of railroad stretching
across the continent" No country
where this (or its equivalentl is done, can
be in any danger of sinking under ma
tional debt unless il is much heavier than
ours
"Hail TO the age of steam
Hall 10 the IRON team!
Hail 20 our iron barsi
Han TO our dag Of stars :"
The proposition or plan of Secretary
Boutwell, TO purchase government bonds
to the amount of one million dollars per
week, and his assurance that he intends
to have policy which all can understand,
and that he will give the outside world
prompt notice should he conclude TO
change that policy-these things, a. il
seems TO me, can hardly fail of having a
good effect upon finance and trade. At
any rate, they will go far TO silence, If not
to satisfy those who have hitherto been
disposed to find fault with the Secretary
on account of his apparent inaction, for
it is thus made plain that he does intend
to have policy.
His proposition to buy fve-twenties
as aforementioned, and his plan and
directions for the sale of gold meets,
as was to be expected, with stout opposi-
ton among the Wall street Spectators
and their friends, and 50 would any i'm
portant movement on his part, or any POI
Icy which he might deyelope or foresha-
dow meet with opposition in that Is in
other quarters.
The New York Tribune, a. yon no
doubt will have noticed, says "good" 10
this beginning of Secretary Boutwell,,
only be ought TO commence, a. that jour
nal thinks, by purchasing twenty" mill
lions the first week, and one million or
more per week thereafter The Tribune
seems like one inclined TO the idea that if
a little kindling wood, placed Under the
pot is good TO set il a-boiling, a whole
armful would be better.
The y. Y. Evening Post, on the other
hand, trusts that the Secretary will re-
consider the orders be has given for the
sale Of gold and for the purchase Of
bonds, and will content himself with
administering the business of the eoun-
try with such partial approximation TO
sound policy as the laws viii permit, nm
til new legislation can be obtained for
the adjustment of our tariff upon reve-
nue. basis, and for the withdrawal Of
greenbacks from circulation This may
be sound doctrine and good adviee, though
| confess that 10 the writer here il Is not
exactly clear a. TO what the Post would
have the Secretary do further than to re-
consider his orders for the sale Of gold and
for the purchase of bonds.
There are, let us remember, a good
many views TO be taken of the finance
question. and il is safe 20 say thst no
plan or policy relating 10 it could be sug-
gested that would not be open TO doubt
and objection. The country will probab-
ly be a. well satisfied, whole, with
this plan Of the new Secretary as a be-
ginning. and quite as willing that il have
a fair trial as any that could be de-
vised. Let Us see what will come Of
if
There are comparatively few strangers
remaining in the city, and hotels and
theatres begin to put on appearances of
dullne-s President Grant accommodates
himself readily enough Ia circumstances,
ail3 seems now 10 be taking biz ease after
The busy season at the White House. and
his ar4pous labors. He passed "our" res-
idence GA horseback the other evening. OF
afternoon GA his return from a pleasure
ride 20 Georgetown and vicinity, his sole
companion and attendant being biz young
son, who was mounted on small pony
his own animal and rode quietly along
by the side of his father who was quietly
smoking "A seasar-"f course. The General
mounted on a black steed-a PAGER. or
"rAcker'' sp-call.d Had You ho.n there,
Mr.. Editor. a. that small. plain. un"si.n-
tatiou- appearing man rode slowly down
the avenue, and had pointed him out a.
stranger a. the foremost man ia the re-
public. you would hardly have been be-
lieved.
The weaihcr which has been about a.
unsettled this .pring a. financial mait.r.
has, for the greater part Of the laet few
days, been very fine. The parks 81 the
city now present beautiful appearance.
the grass ia ihem having been Known IF
"A week or 80 since, and the tree- and
shrubbery being now INA fresh and full
foliage and bloom; and they are much
frequented just now by maids and moth
ers with young children. and by people
generally who have leisure. To those
compelled to live in the city during the
summer, these parks with their verduTe
and their bloom, and their fountains. are
indeed delightful resorts and breathing
places. They are the mart best thing
to the country. But they are as nothing
TO what is TO be enjoyed in