The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1874-07-04
NEW YORK.
Five Per Cent Bombs.

Secretary issued a circular to all tn
prominent bankers OF the country
inviting them 10 submit bid for tai
new tive per cents. In the meantJm'
! be received number OF uninvited bids
and among them one from Van Hof
man d Co., which vas not, however
the highest of those received. Tbt
Secretary declined to accept any till al
had an opportunity to make thell
Oilers. In the meantime Van Hoffman
& Co. withdrew their bid, in the interest
II is believed, OF another house, whose
bid the Secretary was strongly urged tc
accept at once.
The Frsedmen's Savings Bank.
The busi ness at the Freedman s Saw.
ings Bank in this city has eeen entirely
suspended. A number OF persons sp'
piled yesterday for the payment oI
drafts mad. upon the bank by deposit
ors. No apple alton has yet been made
for the appointment Of receiver. The
attorney for the bank hsa put IN no
tice of appearance in the su't Of Arabeiia
Nopipg, who sues for her deposits
and is entitled to six days time, which
limit will not expire before Monday
next. Thc counsel for the plaintiff
asserts that the officers OF the bank, by
allowing themselves to be sued on g
just and equitable claim, have voIun-
tarially put themselves Into bank
ruptcy.
Public Schools in South CaroIiaa
A letter from Columbia, on the edu-
cstiooal interests of South Carolina,
Gays the present common school sye!em
OF the State is exceedingly good, and
although the money collected for school
purposes has often been appropriated
10 corrupt use or sQuandered 6y ignor
ant officers, the number OF schools and
school children has been constantly on
the increase since the close Of the war
During the past five years it IS estimat-
ed that 100000 children were in atten-
dance st the public schools aud receiv-
ed the elements OF an English Eiucae
ton. Oi this number little over one
half were coorsd, The State Superin-
tendent Of Schools, in cOuversa,ioD
with the writer OF The letter, said his
department laboredunder May diiicul-
ties, among the most serious OF winch
the loose and irregular way 10 which
appropriations for school purposes were
made, and the ignorance and iuCompe-
tency and neglect OF duty on the part
OF the ,chool officers. Under the law
the county board of schOol commission
ers are elected and the county board OF
trustees and examiners appointed by
them. 10 many cases rice -6eld hands
and other negroes, who CAP neither
read nor write, sre elected TO the Office
OF com missioner. They in turn appoint
trustees and examiners who don't
know one letter from another, and the
result is that teachers are selected who
should, themselves, be pupils in the
same primary schools. Cnurcqes, in
most instances, are characterized ns
mere politicsi machines, in proof OF
which, it is stated, that large portion
Of the membera OF the Legislature are
ministers 10 negro churches.
News Items.
The United States Court has granted
sn order to show cause why an adjudi-
cation OF bankruptcy should not be
made in the case o! the firm OF Hoyt,
Sprsgue & Co., petitioners, vs. Evan
Randolph, of Philadelphia.
A Washington dispatch states that
Secretary Brrstom will leave to-day tor
Louisville 10 attond the funeral Of his
wiie's uncle, and will BE- absent about
ten days.
During dispute among some tbieyes
last evening at lj2 Elizabeth street,
over the division o; tue proceeds Of u
robbery, James Har.is was probably
fatally ipjOred. LIS ASSISTANTS were
arrested.
spSDish News.
A Havana letter OF recent date saws
the misery and want exfsting in that
city are great, and as 8 consequence
crime ha. increased to fearful extent,
columns OF the nsps!s being daily filled
with assaults snd robberies. The jail
is literally packed with criminals, and
it ia reported thai the Governor -GeHerai
has ordered part Of the Island o! Plnes
to be converted into correctional or
penal colony for traitors and vsgreuts,
and that military colony be establish
ed there. Several severe skirm,.hes
have OF late taken place in Cincavllla.
Bristo1 as = F!nascIer.
TAe leading bankers were surprised
this morning to receive circular from
the Secretary o. the Treasury, Inviting
proposals for the remaining $l79O00,-
900, or any part thereo', of the funded
loan, bearing Interest payable quarter
yearly, sad interest payable IN cyIn aud
exeHpt from taxation, ~ authorized ty
the sct OF July II, 1870, AID the sci
amending the came, approved January
20, 1871. Proposals will he received
till noon o. the 23d met. The new FIVE
rer cent bonds ar. to-day quoted, in
gold, in the market, at 1929 10 lU3,
fat. Bankers generally are puzz Il
az the circular, ard various theorie. are
held, one being that the Secretary has
already concluded negotiations with
some syndicate for psrt or al Of these
bonds, on condition that be should offer
them to the public, and provided they
did not bid more, the syndicate should
have them at the p!ice, whatever it may
be, sgresd or.
The Post Gays If no arrangement has
been msde with auv syndicate, the move
OF the Secretary g astonishing, for be
can't expect that bankers will take part
Of loan when tha larger part may 90
at price below what tbey paw aod
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