Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1870-09-22
Secretary Boutwell, and the
Finances.

failing and greater confidence In the
monetary af4irs of the country than mas
bean known for a long period before,
One reason perhaps for this, jnst at the
,,rasent moment is the growth of similar
failing in London, money having grown
steadily more plenty in that powerful
,ootronolis of the financial world. This
country is being benefited with the use
If large amounts of British capital which
has been allowed to remain in the United
States to gain the advantages of our
higher rates of interest.
But another influence more potent than
this--and perhaps all others-has been
the increased purchases of bonds by Secre-
tary Boutwell,. These purchases have
thrown into the money market within the
past two weeks more than three millions
of currency, over and above the ameunta
received for sale The Treasury cancelled
five millions of national debt, which, OF
course, has added that amount to the
capital seeking employment in the coun-
try. The effect of these operations of Sec
rotary Boutwell,, in whatever light we
view them, has been to alleviate the peri
odical stringency in the money market at
home, through which we are now passing,
and to strengthen our national credit
abroad. We hear much less than we did
year ago of Secretary Boutwell, and
his stock-jobbng friends" The effect of
the military movements of the French
and Prussians on the money markets is
now much less on both sides of the water
than was formerly the case. The Fanics
which followed the declaration OF war
now seem to have no just foundation.
Those who made haste to sell their bonds
have been the only losers. The gold prices
of United States bonds abroad are only
two per cent. lower than the extreme high
figures which they reached in the early
part Of July. aud the currency prices
show even IL less decline. Gold itself il
but two per cent. higher, even though we
have shipped some thirty millions of
specie, aud the outward flow has not yet
entirely ceased SO much for the existing
condition Of financial affairs for which the
country is, in measure, indebted to Sec.
rotary B,utwell.
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AN AvALANcuE.--A despatch from
from Cbamouui announces that d party Of
tourist, numbering eleven persons, while
undertaking the prrilou- feat Of ascending
Mont Blanc, were swallowed up 10y an
avalanche, mono escaping. Two of the ad-
veptarcrs lost were Americans, named
Bean and Kendall. The latter was John
O. Randall, nutive Of New huryport, and
for many years, up to 1867, cashier Of ii
bank in Quincy, Mass. He was q gentle
man Of fine literary tastes A wife and
seven children mourn his loss.
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ItF''''' '''''' e""' 0'oNe up !" " row. III
p,,1a ;4r no,oin.t;on Thecon+.s+ r,.s he.
+r,ao,, lance vhi4a.,d Andrew Johnson
White recoivirg 40 votes ana johnson so
No nomination r,as effected Mr. Jobo.
So" says ne uoes not want 20 run i"f C""
C,ood of,n country.
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eo,,,. ,s,,ot,,,,, The heroic endurance