The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1871-09-22
The Tr.nst;i, a,-d tie EiA.-TwtE-
Is Redemption.


! In explanation OF lhr policy OF the
lT,ca. ury Department. il j. asserted that
ttlcv:.sh a. Subscriptions iu. the nrw loan
have rcem sufficient. with he aid a..
s.u,tulua OF Treasury gold. 10 allow
i.hr redemption of the one hundred nil
ions al sizes. H. proposed il The clrcu-
lar %, September /. Ills result j. reach
cab, il good deal Of close cyl,hcring on
he ,.ra, casi, subscriptions lna,lc ON do
nestle account. Bui Tie .aci still stands
thai MIR. Iontwell. in order 10 carry uut
hi, baryan VI iih The syndicate. viii al
most cmri, tie vaults OF Tie Treasury.
/ Tie question il constantly asked. why
does not Mr.. Iouiwri reveal tie terms
.oi ',irh the syndicate agreed to mah-
not be surprising IL Mr. Boutwell, l. sick
ut all this noublc. and would like to
undo the Syndicate business; for lie has
lp!oh.c himself 10 dcplctc The ircasar!
10 carry ont his con tract with them. Tn
the other land, il he cndravors to avoid
Running down his coin balance by main-
tanning The inequality between his Gus.
tom receipts and his public go'd sales.
he will make Il 'cornrr in the gold
maih,. Of most disastrous severity upon
Iii. friends, he importers. WHO are con-
tributing their gold so generously 10
help ,hc redemption Of the ISIS nest
December. Even in the most iavomhic
aspect. the rrca-u'y policy isvcr! crude
ia.d confused. and the " hole Question nj
skies and sevcns. II is further >r!d that.
~ N.v. Doutwcil has conn.iiIrl himself
TO tie. redemption of certain issues oi
the iiyc-iwcn..r> OF 1862. he cannot buy
Unfortunately any issues. OF ;Nat year
which may he now presented hihl, rs
under his contracts IL take The former
he cannot vun the risk OF crippi;ng his
already scaIiiy) resources. Al. of which
makes il more ngenlzimg 10 think that
white ihc lSli2's ere offered pien!inliy
in the open market to-day at ll2i. or
per cent. below their par in gold. Mir.
boutwell, is going to pay the fall par in
gold for one hundred millions OF them
next December. Mr.. Bout well has been
very anyious TO reduce expenses by re-
funding tie debt according 10 his plans
hut between the enormous commissions
70 the syndicate and the little item just
i mentioned. it looks very ::iurh as il liz
was saving ut the spisut and lO>in. q.
The bnngl.or. In this connection an
o.llc: question is pertinent. Why does
not the Secretary OF The Treasury con-
sent to rcccivcamd redeem the iive-twcn-
ties as fast as presented. inst,cd q
waiting uniil December l! Ey loine
50 ne vosl,. save the interest ou 4 large
proportion Of ilc bonds io:. with It's
present dear rates o |. gold. holders wouic
pc glad to Use the proct~'ds IN the gold
market. This would break the go.s
J corner now Threatening, and .nah' Mr.
Bouiw well popular will, the importers
.,ut all this must not be. dpnntle-r W.
cause il is not compatible VIII tec riAn'
Of the Syndicate, ~ 10 are canning rlrrci
per cent. interest un their stock in lax
, enterprise 81. lc.ii,'in- tie DEBT, AZ,
! stand 10 make an enormous irra;t =,
: -u.ering tilc price Vi i.ve-tncnile> i
widen from gold, T. il Is nov ,oinS'l
r after day.