davidaulloa/AmericanStories huggingface dataset:
The Portland daily press., 1871-02-16
City of Portland.

In Board OF Mayor and Aldermen,
February IS 1871.
0RDEEED, That the City Clerk give notice by
law,to all par les interested in he assessments upOn
the abu,tiLg and other lots benefited BY the new
Sewers in Brackett, Miller and Pleasant sire and
Eastern Promenade; that this Board at scme tine
and place to be fixed IN said notice will hear the
ties aforesaid and will :hereaterwards proceed tn
establish the assessments.
Read and Passed.
Attest: II. /. ROBINSON, City Clerk
The Portland daily press., 1871-02-16

Dissolution OF COpartnerssaiss
FgHhE conartnership heretofore existing between
Z the undersigned under the name aud style OF
CLEMENT g. GOODRIDGE,
Is this ia, dissolved BY III utuaI cons, mt All hay-
ing claims against the lae firm are requested to pre-
seat 'he", and those inJebied 10 maze immediate
payment.
EDWIN CLEMENT
GEORGE GOODkItGE.
Portland, January I'd. 1871.
The Portland daily press., 1871-02-16

FTNHE two and half story dwelling house, No. 1n5
i Congress street. This house is nearly new. has
slate ROOT. aud contains lou teen furni. he'd rooms
and is 10 good order the residence of the late
Patrick Ward, and will be sold at a bargain as the
family contemplate leaving the State.
Enquire OF Mrs Ward on the premises, or of S. L..
Carleton Esq office No 50 Middle street
ieb11eod3w PATRICK C. WARD, Admir-.
The Portland daily press., 1871-02-16
H. 1. ROBINSON. City Clerk.

City Clerks Office Feb 10, 1871
In pursuance of the foregoing order, hereby oiva
notice haf on Monday the twentieh day of Febrn
airy inst. at So halt O'Clock P. NJ n, tho
AIdermen's Room in he City hu Idins the Mavor
and Aldermen will hear all parties Interested IN
The assessments above referred TO, and will there
afterwards establish the same,
ii. I. ROBINSON, City Clerk.
Feb 11-dtd
The Portland daily press., 1871-02-16

dc1eeod1Y
The Portland daily press., 1871-02-16
YIN. III. JERKS,
Real Estate and Loan Agent,

Houses, Lots and Farms for Sale.
BE would refer parties abroad to the following
named gentlemen OF this city: Hen. Geo. F. Shep-
ley, Hon. A. W H. Clapp, Hon. benjamin Kings
NJ. c.
Portland. Nov l. 1870. motif
The Portland daily press., 1871-02-16
Porlland,Saee, G Portsmouth R. R,
Maine Central Railroad
PORTLAND IND BANGOR LINE

EssFTTsTg7arJ Trains will leave Grand TrupA llepot
at Portland for Auburn and Lewiston
at 40 A. NJ, LES p. NJ
Leave tor Waterville, Kendalis Mills, Neypo.t
Dexter, (Moosehead Lake, and Bangor at is p
M, Connecting with the European s. North Ameri-
can r. r. tor towns north and east
Freight train leaves POI tland for Bangor and in
termediate stations at 6.S5 A. NJ.
Trains leave Lewiston and Auburn for Portland
and Boston at $40 A. NJ, Il. O4 Z. M
Train from Bangor and Intermediate stations is
due in Portland at 2.lO p. NJ. and from Lewiston
aud Auburn only at $40 A. NJ
The only route by which through tickets are sold
to Bangor, Dexter and all intermediate stations
east OF the Kennebec River, and baggage checked
through.
dec16ff EDWIN MOVES crn+
The Portland daily press., 1871-02-16
FOR SALE

A Pleasant Home, No Il Pine street. ENQUIRE
n there or at JAMES 4 WILLIAMS,
Wood and Coal Dealers, Perley's Wharf,
ia16eodtt Foot Pa,k ST
The Portland daily press., 1871-02-16

A CONVENIENT FRONT ROOM, with large
u room in the ear, with steam power.
ENQUIRE at this Office.
The Portland daily press., 1871-02-16
dissolution of Copartnersbip.

THE cop rn rshlp heretofore existing tetweep
L he undersigned under the name and style OF
GsAssssETT, r'OOx q CO.,
is this dss dissolved by mutual consent
All haSing claims ag ,iD,i he Ia iii IN are reoues
ed TO present them, and those indco,eJ to make i'm
iHe'hale pa meht JAMES S MARRErT
FRED A. POOR
Portland, January 3D. 1871. ia3d2m
The Portland daily press., 1871-02-16
J U R UB EB A
in25-4wt

Free to Book Agents.
WE will send handsome Prospectus of our Nec
w Illustrated Family Bible containing over 200
fine Scripture illustrations TO any Book Agent, free
of charge. Address
jn25-4wt National Publishing Co., Phila Pa.
q
The Portland daily press., 1871-02-16
MINNESOTA:


Rts Resources and Progress Hts Reautv
Healthfuiness and Fertility, and its Al.
fractions and Advantages ms a Home fol
mmigrantsmA new Book free of cost,
compiled rom official source and Published ~ di.
reetlon OF Governor Horace Austin.
Its IT, lie indicates its contents 1t exhibits the in.
ducements offered by Minnesota to persons seekipe
new bones, her wonderful resources, unexampled
progress and magnificent Iuture. 1t tells how nd
where, under the 'Homestead' Law, to obtaia free
homes dhdJrec farms, "wl hout money and without
price," II is just what every n-Falmer Me.
chanic; Iradesman, and Laborer-wbo desires to
better his condition should Ca. Gully read.
This book viii be sent to any address in America
Eur pc, Tree of postage other expense on appi
cation to T.. PAGE DAVIS, Commits. Toner of Immj.
grafton tor the State of Minnesota, No. 1sG Broad
way, New York, where all information in regard To
the State will be cheeriu'ly given. teb6flw
ASS II " - new illustrated Book Ricb in
matter and style and surprising his former works
that have sold by the l00hC0; also the new and en-
la,ged eiition OF Tue NATIONAL HAND Book OF
FACTS AND FIGURES, aDg the new aud official
Census OF 1877 OF all the States Territories and Ia De
Cities. Worth ten times its cost. Sent on receipt OF
Price, 81 so.
feDt74w
The Portland daily press., 1871-02-16
Pacific Mais StcninsEsip eompanv,s
Through Line.
4 - . "A L. I It q MA.
CHINA AND JAPAN.
TOUCHING AT MEXICAN PORTS
And Carrying the Un,,ea -,a,co MAN,

NhANA AND JAPAN
TOUCHING AT MEXICAN PORTS
And Carrying tIae Un,,ea .,atco Main,
fares Greatly Reduced.
steamships on the Connecting on tn
a. atlantic; Pacific with the
ALASKA, COLOhaAD 10
ARIZONA,
Il NRY ohAUNCY. CONSTITUTION.
NEW YORK, GOLDEN CITY,,
OCEAN QUEEN, SACRAMENTO.
MORT HERN LIGHT, GOLDEN AGE,
COSTA RIGA, MONTANA &c.
One of the above large and splent nd steamships
will leave Pier No. a. North River, foot OF Canal ST.,
a; II O'Clock noon, on the 5gn and 2ist OF every
month Except when those days tall on sunday. and
connecting, via. Panama RailSayl With one OF The
Comrany's Steamships from Panama Tor SAN
FRANCISCO, touching at MANZANtlLC.
Departures OF the 2iSt connects at Panama with
Steamer, Tor SoUTn PACIFIC and CENTRAL AMERf-
CAN PORTS. Those OF the 9th touch at MANZAN-
LILO. -
tor ,yapan and China Steamer AMERICA leaves
San Francisco, Feb. list, 1870.
One hundred pounds baggage allowed each adult.
Baggage Masters accompany baggage through, and
attend 20 ladies and children without male proiec-
tors Baggage received on the dock the day before
sailing, rom steamboats, railroads, and passengers
who prefer to send down early.
An experienced surgeon o. board. Medicine and
attendance free.
For freight passage tickets or further informa-
ton Apply at the coDpany's ticket Office on the
wharf. foot ct Cana street, North River, to +, Re-
BABY, Agent, OF 10 the gents TOR New England.
G.. l.. BARTLETT q CO.,
rs Broad Street. Boston, or
W.D. LITTLE u CO.,
tsniStt 49J Exchange St., Por qand
The Portland daily press., 1871-02-16
FOR SALE.

= EEBY nice Wheeler q wilson Saving Machine,
Is black walnut cab net ; for sale che tp the
or DER is about to leave the e.y. Appyat Ii sigh
Street. teb1C47t
The Portland daily press., 1871-02-16
Maine Steamship Company
NEW ARRANGEMENT,
!Seni-weekIy IAineg So.

.fss Steamers Dirigo and Franconis, win
100 until further notice, as follows;
EEzSsSa:ressSs Leave Calls wharf Portland every
MONDAY ana THURSDAY, at Up. NJ. and leave
Ter " r. x. New York, every MONDAY snd
THURSDAY. at p. nj.
The Dirigo and Francona are fitted up with fine
accommodations tor passengers, making this the
NEST onyonient and comfortable route TOR travellers
between Now York nd Maine,
Passage In State Room IS. Cabin Passage g.
Goods forwarded to and from Montr eal Ouebee
HALIFAX. st. John, and all parts of Maine Sbppers
are to send their freight to the Steamers
as early ss 2. NJ. on the Gays they leave Portland
for freight or passage apply to
HENRY FOX, Cats Wharf, Portland
J.. Y. AMkS, Pier SO {. Il. New York.
May 9-dtf
The Portland daily press., 1871-02-16
Norfolk and Baltimore and Washington D. O
Steamship Line.
For Halifax, Nova Scotia
SEMI-WEEKLY LINE.
Winter Arrangement.

zssss>-,~M CARLoTTA viii. leave Gs,t',
n T-EhW\ Wharf every WEDNESDAY
IS s>and SATUg ssA ss p VI
weather PRINTING tor Halifax d.
Iect making close connections with the Nova Scotia
haliway Co., Ter Windsor, Truro, New Glasgow and
olcton, N. s. ~
Returning will leave Pryor's Wharf, Halifax, ey-
cry tuesday and saturday, at z. IL, weather per.
Cahia passage, with State Room, $500
sMeals extra.
FOR further particulars apply to L. BILLINGS.
oct2Stf JOHN POKTEOUs A0ept
The Portland daily press., 1871-02-16
ga pR BOSTON.

O. The new ara supei ,or ses- soins
~ea-as.>--,i2> cleaners JOHN BROOKS AM
Il, Am MONTREAL, having been ttteG
ny st great sxpease with . lares
=, -1se@s<->-a1NnuInber OF beautiful State Rooms
viii run the season tollows:
Leaving Atlantic Wharf, Pertis1a at O'CLOCK
snd India Wharf, Boston, every dsv at O'clock
q, Sundays exceptsd.l
E..s ''t'ss.'ss, +'-ssss..'..ss..s, xl.60
ArS1ssss'.'s.. Loo
FraigAt taken Sc psaal,
Nav !, 1e59-dtf
The Portland daily press., 1871-02-16

Churchill's Vegetable Medicated
OiL. Call for it and you will never he without it.
W. W. Whipple has it; also druggists generally
dc1eeod1y
The Portland daily press., 1871-02-16
Agents Wanted,
General AGENTS Wanted.

General Agents Wanted.
EHOR Groesheek's Calculating Machine, rapid ac-
Il curate, reliable, SIMPLE. Easily operated, cheap
and beautiful. Giving instantaneous additions or
subtractions taking from five columns OF fig
at time carrying and borrowing its own tens,
Hundreds, etc, without The least thought on the
part of the operator. Address
ZlEGLER 81 McCURDY, Springfield, Mass.
N. "a
The Portland daily press., 1871-02-16
ECDartDershiu,

CCDartnershjp.
The subscribers have this day associated Them
selves together under The name and style OF
iEAESssETe, BAILEY a. CO.,
ter tie purpose of continuii the business of the
late urn OF Marrett, Poor 6 Co.
JANES S. NARRETT,
MOSES EAlLtY.
Portland, Jan'y ID, 1871. ja3d2m
The Portland daily press., 1871-02-16
MEDICAL.
pr. ~. =. BCGasts~
CAN BIZ FoTsD 1T ais
PRIVATE MEDICAL ROOMS

TNyHERE he cao DO oonsulted privately, snd v's
w tae utmost confidence by tho sfnicted, e.
Aours daily, and from A. n. to p. X.
DR.. ". addresses thoss Hho are suffering under ins
A8ietJA OF riyste diseases, ShathsS sfisius ffcEe
Impure connection tbs tsrrtbe vice OF selfabups
DeVotng bic entire trs TO rha. particular branch Of
she medical profsssion be esIp vTarrartsd in UAE.
AafsaLRe CUse II ALL CAsns, whether Of long
STANDING on recent, controotsd saei! removing the
feet eEd FGGhAEENr 1uRE
6e would call the attsntion OF the aiietsd 10 the
oct OF his ioDg-s;andlcg snG vsn~sarned reputation
urn'saias sSIcsos na5Usaace Of ais exiii and sus-
csss.
The Portland daily press., 1871-02-16

Found.
ONE Ladies Fur Collar Enquire at No. Is Preble
\
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07
Farms for Sale.

No 6SO-Choice farm, small but rich and des!rblc
new frame residence spring: 20 in timber, 20 in
cultivation, 81 miles from Knoxville. Price, 2,5-
time part of purchase money.
No 6G9-An excellent farm conveniently near Knox
vile, in good neighbOrhOOd and fine order; building
and fences news fruit water and timber Of first quality
bout us acres. $4,000 Desirable in every respect.
No. G68-A No. l farm near MOTlstOwn; 469 acres
suitable for division in several farms II re CURED so
per acre.
ter 80 acres fit for cultivation and good SOIL IL miles
from Knoxville. Small house and stable. Some trult
No. 678-Farm of15O acres five miles from Knoxville,
only $1,000.
No. 596-s25OO 80 acres; 100 in cultivation; good
water and timber; fair budn Is. Ar excellent stock
FARM and sold on easy terms, 10 miles from Knox
Vile; AZ miles from railroad station
No 51O-A "A acre homestead, log house and stdbo-,
IL acres in cultivation, good fruit trees spring and
branch through the land near Turnpike road schools
and churches. Price $500.
No. 5giExceIIent farm, over 200 acres brick resi-
dence, large barn and level, productive limestone
land 81 miles from Knoxville $1,000 One half cash.
No STA choice farm of 200 acres near Concord.
The best of upland soil, good timber and water and de-
sirable location.
No SA river farm Of130 acres, strong SOIL 80 ores
in cultivation. timber very heavy and valuable
No. 612. 100 valley land and choice upland.
200 acres in cultivation and most of the remainder t
for clearing. miles from Cnch river. % ceres
set in clover bargain Is offered In this property
stock and grain farm. Is miles from Knoxville.
No $4,000 acres well arranged for division into two
farms, JOnesbOrO. The land IS good and highly
improved; buildings and fences excellent; 1890 fruit
trees two handsome houses of rooms each, 10 acres
In cultivation, five springs. Price $500.
No. 53-Farm of 400 acres OF strong soil. Album iaG
supply of good water and ti-1Se-.
100 Farms in Cumberland G0l2ty. Plateau land.
5000 Acres in Morgan sOSatg.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07
ON MARRIAGES,

Happy Relief for Young Men from the efTocts &c y,
rors and Abuses in early life. Manhood restored Nor
vous debility cured. Impediments to Marriaee re-
moved. New method of treatment. New and re5narIy
abb remedies. Books and Circulars sent free sealed
envelopes Address, HOWARD ASSOCIATION. No,
South Ninth ST., Philadelphia, Pa octl7.;71
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07
Financial.
President. Cashier.
EXCHANGE and DEPOSIT
3 q Is K
f. Knoxville, Tennessee.
EsTABLIsHED 1860.

ggTE are prepared to purchase, at
70 Best Rates, Gold, Silver, Gov
eminent, State, County, City, and
Railroad Bonds and coupons, Bank
Of Tennessee Notes. New and Old
Issue, Uncurrent Southern Bank
Notes. and East Tenn, Va. and Ga. r.
r. Stock.
- We transact a General Banking
Business. buy and sell Eastern and
Southern Exchange at current rates,
receive deposits and make collections
upon the most favorable terms.
Ii Interest paid on Deposits in Savings
Bank Department.. s-.
Tickets by Inman, Anchor and National
Lines of Ocean Steamers, and Exchange On
all the principal cities of Europe for sale.
Z. p. BAILEY, CASHIER.
i G,vtf tft.-
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07
RATES OF ADgERgIslEG.


Clubs of Twenty, or over, per ,....il Oh
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07
University Avcnue.

This new street, the handsomest ever laid ont 10
East Tennessee, wiz soon be opened for bali mile
ten acres, can be bought at low prices and easy
terms.
Some choice building sites, with view Of the river
at low rates.
Call for
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07
Tor sale.
Win aud Timber Properties.

Lors OF FROM 70 TO s. ACRES RE level land. Nv
NILES PROM KNOXVILLE,
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07

OFFER FORTY or THE CEOICEsT LOIS NoRTE ON
TIE RAILROAD, AND AFFoRDING tbs BEST lNYEsT&ENTs
NOW ON THE MARKET. CORNER LOTS on INPORTANT
STREETS. .-f-t-..r
CALL AND LOOK OVER MAPS AND PRCEs.
No. 372-ChOice Gay street lot.
NO. 528-A choice building lot aTgo aGd beautifully
located, the University, about one mile troio
Knoxville POstOtEce.
No. 5g7--Brick cottage, new and well built, de-
sirable lot well s0dded, with fruit trees set out &c.
GOOD cistern. Price $780, and $500 required in cash
No. 60-Buiding site. 200 feet square, on turnpike
road one mile from Market Square. $50.
30 LOTS in East Knoxville, ranging fr0In $50 TO 500
IN price.
No 653-One of the most convenient and b st Local
ted brick residences in the city, near enough TO the
city for physician or lawyer to have his office adJOIu
ing his house For sale at low price.
No. 454-House and well improved grounds OF acres
beautifully located on Turnpike road, and C:2
walton overlooking the city, and afOrding fine view
and a cool breeze ali through the summer.
No. 442-Thirty-fye lots in the Railroad addition 10
Knoxville, ranging from 25xl00 to 300N30 in size, and
from 500 to in price. The location Of these lots
central, elevated and in good and fast improving
neighbOrhOOd, makes them very desirable. These lo-
must be sod and offered al prices which make 1t
nducement to buy.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07
THE DAILY CHRONICLE.
TERMS OF DAILY PAPER.
WEEKLY PAPER.

Per month, by carrier or by
Per year. by mail. .'.'........... S.0O
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07

est TO the dalfylnen OF I4ttSJ 1ellHe0oS0'
BUFFALO, Nov. 8, 1871.
MESRS. EDITORS: / have been asked IN |
reference to East Tennessee, if butter ana
cheese could be made there. l have replied !
that it can be done. As the efforts OF our |
planters to produce grass has been success
full, and having spent month along the
grass growing counties Of New York ana
PENNSYLVANIA, am the more fully conYinc-
ed my former opinion was correct. EaSG
Tennessee may be utilized for the produc-
ton of butter and cheese. as well as ONO,
as the climate is quite similar. trust 20
have done some good in imparting correct
information in reference to East Iehnes-
see. ] hear often Of the efforts OF your pa
per to give correct facts as to East Tennes-
see and trust good may come.
[ send you the following concerning
cheese | saw to-day. / have been too busy
to write you sooner: may do so.
r...s g..-a Yours, .,c35s-..e MONROE
a MONSTER CHEESE. ei
The following description is taken from
the Springyille Journal ord Herald, The
cheese was manufactured August 3lst, and
is the second largest ever made in this
country and whoever gets the order for
the diamond will certainlygeta "fat take:'
1.-THE Springville Giant" as it has been
appropriately christened, is one Of the larg-
! est, if not the largest, cheese ever made; 1t
| weighing, by careful estimation, 2,97o
| pounds. Thirty thousand y0unds of milk
were used in its manufacture, which was
the production, for one day, Of twenty-five
hundred COWS. 1t stands thirty-four inch
es high is four and a half feet i'll diameter
and has circumference of fifteen feet,
Twenty-four hands We're. employed in
| its manufacture. The hoop into which the
curd was placed for pressing, was manu-
featured as was the press, at ShuttleWorth' s
Iron and Wood Works, and looked far
more like an oil tank or a sap reservoir
than any thing else. The slaves were OF
pine, two inches in thickness, and forty
two inches tall. -Four heavy iron bands
encircled and held it firmly together. For
swathing very fine and stout piece OF
brass wire sieyeing was used. The huge
press, built especially for this occasion, was
as powerful as simple.
When the ourd was emptied in, MIR.
Hayward stepped upon the platform, and
before the eyes Of all, produced a silver
tube in which was sealed an order for
$4,000 diamond ring, which he dropped
into a. long-handled tin cup and stirred
into the curd out of sight. This valuable
prize will be secured by some one as the
cheese is to be cut up into tivep pound cakes
after the exhibition closes; during, th(
continuance of the show, tickets viii besoIe
emitting the purchaser toas many takes
as he pays for.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07
For Rent :

FARMS acres in cultivation. MILLS
SAW, GRIST, and COTTON GIN, three
quarters of a mile from French Broad River,
Il miles from Knoxville Over-shot Wheel =
feet
Farm Of $50 acres 100 in cultivation lG miles from
Knoxville, from Clinton water fruit, large barn,
meadow, small dwelling. 600 year, and 70 acres to
&c seeded down.
The steam mill property, large and convenient build
ing, powerful engine admirable location on Railroad
order. Large lot.
Eight acres, ore mile from Market Square; well
manured, and well lying land.
Several farms from four to twenty miles from Knox
vile, ranging from 80 to 800 acres, in cultivation.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07

Ten lines, solid Nonpareil, to constitute square.
One Square, each "
no. Special rates on application for advertisements
by the year or month.
Local Notices ten cents per line each insertion.
City Notices FIVE cents per line each insertion
All advertisements due after.frst insertion.
Yearly advertisements payable quarterlr All other
advertisements payable on demand alter hrst IN
sertiOn-
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07

No. 561.-65O acres heavily-timbeTcd land near
French Broad River with of the best water powers
in the States mill now the properly. Much of the
land valuable for farming; several good buildings. Of
fered for short time at S2,75-cash short credit.
No. 642-COtton Factory complete. with Saw and
Grst Mills, dwellings for operators 200 acres Of lspd
excellent power. Close to the East Tennessee VIZ
ginia and Georgia Railroad Price S35 900.
No. SCI. $45O0-N cry valuable farm and mills eSnt
miles from Knoxville 10 acres Of good land IN eult
vation 2O acres in heavy timber, frame dwelling.
rooms large barns water power equal to l5horse pow
er aud neYer-fang. One-thlrd cash; balance On eas
terms.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07
4 Mammoth Cheese.

The following from a gentleman in Buff
falo, New York, cannot fail to be OF inter-
est to the dairymen Of East Tennessee:
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07
Call for
Descriptive Price List of 1000
Properties now offered for sale.
INFORMATION FREELY FURNISHED.

No. GI6 Farm in the Big Valley, six miles from
Clinton Good SOIL water, timber and fair improve
ments 80 acres in cultivation. $500.
Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1871-03-10

that can be relied upon TO do better. With tax
alton, ranging as il does from one and half to
two per cent, these bonds, being untaxable, are
about equivalent to an investment returning
seven per cent; they cannot be disturbed for ten
years, and the regular payment of the interest
and ultimately Of the principal in coin is as
certain as any future event can be. Taking
into account the probability that, with a grad
ual approach to specie basis, and consequent
decline of the speculative demand for money, the
current rates of interest will not be maintained
the new five per cent bonds of the United States
are not to be despised as an investment.
When Mr.. Boutwell, has disposed of this first
class of bonds, he will have effected a saving in
interest of five million dollars yearly. There is
no immediate prospect of his doing more than
this; TO do so much will require months, and
perhaps year or more, but by the time, when
ever it comes, when the five hundred mil
lions of five per cents are exhausted, the bulk
of the five twenties will have been largely re-
duced and the financial situation may be other
wise so far improved that a demand win arise
for the next class-the four and half per cents.
The sale of all of these would make further
reduction of four and half millions annually
This is as far ahead as it is worth while TO look
at present. The four per cent bonds have no i'm
mediate or prospective market that can now be
foreseeu. The sale of the five per cents alone,
however, within reasonable time, would be a
very gratifying triumph for Mr., Boutwell,, and
one which he now seems likely to attain.