Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1870-05-05
GEN. SPINNER ON THE |
BONDHOLDERS |

Gen. Spinner the complete let
ter writer on finance, has written
another letter to banker, to con
vince him that the National Banks
ought to submit to have their SO.
curity bonds scaled to 4 per cent
He wants to know if the banks are
to decide what is equity, or the
poople2 He shows him that mas.
much as Congress can alter or re-
peal the bank act, they exist by its
/ suferancc, and therefore there is
no compulsion in compelling them
/ to accept new conditions, with the
alternative of taking away their
/ privilege of circulation. This, like
all Of Gen. Spinners, is II strong
argument, and the principle admits
of very extensive application He
then makes a close calculation to
show what the bank actually paid
for its bonds, and what it has made
on them, proving that il is altogeth-
er too good for the bondholders,
and that the Government has been
treated most usuriously.
This close calculation Of the
amount the Government actually
received for the bonds, and what
the bondholders have made on
them, given by a financial officer
whose patriotism aud zeal for the
public faith has been distinguished
by many energetic public letters, is
peculiarly intere ting, Gen. Spin
nor has an eye only for the banks,
against whom he is now running a
tilt, but the general public will be
apt to observe that the same calcu,
lation applies to all the bondhold
ers, and that they are all liable to
be called 3" oulless" if they object
to what Gen. Spinner makes ont to
be a Just scaling Of their bonds
Yon cav for yonr banI, that usbo
ockrnwlo,Ions tbot mo Cnvornmont
hoa tho no,vor 10 no,nnoI Lnr ~
ronr fon,ond = LoIr ror
five per cent. bond for these"
Eo 'yS"I,' t5,,oIIo o o rot to ,J;sao,,a,. ho's %
- ao 1 - w. "'i' d,a IN ~ h",o, w jUs,;ao "U od
~ I ~" rj4'm ~ LG w., " "Y"", w, fon, ,,orr
7ooG .,,d ,'''; ,l;,t 10 aoo ~ thot . orost J ~
i,ioo Sv"no pm, - aEot w. V0 70 %S %o ddno %' ,o"
& |us'ioo - RI" "0O"' UoonIo w. ,",I vi G Envoror 20"
-" '" nnt ta % toLp p0Tpr ,,ar,. onn "' stotornont
oc "l,' W. s'a0 yVTt ct oI" Ii Ii,tIo
u Wv o'9', ii '''i'' ''Io' "U'' tii tIv'in
H. ".l' oa.o a ~ tEot y" ," S,n' Snoi ',
'to" ~ ,,o.o I''o o'i'o ,,,, ,i"J m ~ ' @
oo""o 'r'11 ti,n, D0"Jo ,1 "v did .tnoJ ~ ~"
,0i 5 whioh 81" uouId H. W. eJ eaho,t 'Y oonoi
~ ~ Xxi i, aord thot ~ ,Jo,, Lovo sinno
~ H. V's ranoia ~ i' and Lo"l ' o~oin IN IN t6o
Nv" ~ a,,l,,, c cl" im7ornst thirtv
,o.i''''t "il'n'G -, ','r' ,. I'J homa.Gt ('
~. oV"', tor, :" 5itL i'b uo,,r [' o,y, Wv oiron
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","s i'",,a' o,a oo,4 "'' " ~" intorost md
u iVv = '''U ,n', o"n ann nav coli tboso 3onJs
1,o,o Wv . nnr IN rold and tbot shonld :
.o,, oW 81 sau ,Ior, no,,-,y;lI yapoiu,,- !.
1 Wv ,o,,o "0 'v,' raoai,nd ,v y, ~" pEo gS Goo
" ,'t,1 frn;tod ,i' gtotoa " stonk 90 go nrrohos
= = = Laf1 lT" a,,1 'o1 soi5 50 ~, ,,o, w SiE zoo
,'' ., alId H. Can ~ ,nh;nh 'oy, = . no;d Gyo
" So ~ =, t,a,, o.f i "ripos eto
lax Ak tharnl' o W. rnnti1n a nlnnr nroGt
,',e 5nCos 9nd t"vo9 on this einoIo
itIo ;nyostn,nt ~ oyer s97 600
N Mom - tboro oro cow nconln vho
~ -,I"3 ~ VG Iil,o - ~ ho,,o tbo Enyo,,,
"o"'' W. ,iho,n',, llDs ~ tTn,, MIX ;nst snch
io"s ','."t, '0 onJ anod faiu,n Tho
.IooJo' JNoI'o" t. ' ,Iot 9"nu on,' ono aho,Id he
!, ,'''s,,,i o''S'1, ~ ~ GnJ roni, witL enoh
vs. ,''l'oao" t',,'t " r. T ~ ,i"',i'tod whother
,',' o"'i"I ,n1iv,dnoI NAM wnnlG Rat
~ .on anoalt for thn hank and hanks
.avo beom eoid IN ho sonIIess and
ho coso nndor considcrotion does
'ot on worry far IN disproying the
aying. TO day II gentleman said
, NV hearing "that not a single
l.,''' 'S .,ni,s n,or6 nonIJ ho fonnd
o,inn for fho Fundinr lin now
ocara oe' tTa M Itnuso nnloss tho eoc
II l