Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1875-12-14

We have only to pray his sons, seeing how
little he did, will double their gifts.
Our great corporations continue to curtail
their expenditures, the Western Union Tele-
graph Company, whose wires send flashes from
one end OF mother earth to the other, have cut
down the salaries of employees from the high.
est to the lowest, the largest reduction being
made from those who received the most nav,
showing that they had some regard for 5,sttce,
which nowadays is rare commodity. This
Company is greatly disliked by Jay Gould, be-
cause the Directors foied him in getting con-
troll Of the stock. So the mighty man of Wall
street has been doing his best to depress the
stock OF this Company. By the way this
worthy has been, tbs said very ill, but wheth-
cr this be canard, used to depress stocks, or
not, we cannot find out. At any rate the u.s..
ual badge of mourning will not be worn BY
many, should he never be seen again among
the bulls and bears.
The amount OF money paid out for dividends
this January will be less than for many years.
Such corporations as have not had to stop pay
Ing altogether, will pay less rate, or what
their earnings will permit. The interest on
yearly all good mortgage bonds on railroads
will be paid.
feel glad to be able to communicate to you
that the State OF Virginia is gaining daily in
credit here among our fnauciers, and her bonds
have appreciated greatly 10 value within the
TnS Or tyun -
ten per cent during the past sixty days, and
VIII, from appearances, get up within a year
among the nneties.
think We can all be proud of the old State,
Oger-burdened with an enormous debt az the
close OF our civil war, she has struggled man.
fully with 1t, untll We see her securities one.
hundred per cent. higher than they were some
years back. hope she will 90 on and give
all her sous aud daughters reason to feel, that,
to be Flrglnlan, means honesty with debtors,
though taxes be high.
On the other hand how different with some
other Southern States. The report from the
Alabama Commissioners has just been receiy.
ed Her propositions make those holding her
securities bitter and full OF invcctves, who say,
that, not content with asking COMPROMISE,
she only offers Tor some years to pay two per
cent Interest, which, even by their own show
ing, Is lar less than what she might pay.
Again, the city Of Mobile sold her eight Der
cent bonds 10 our market for nearly ninety
cents On the dollar, about four years ago. She
now comes aud says, We offer you a new bond
for one-halt the face of the old one, bearing a
less rate OF Interest, and if you don't take this,
we Will give you nothing. What the city
of Mobile repudiates one.half her debt, and
thinks her Northern creditors should be happy.
No, she may do this, but tbs sadly uuwise
policy, and some say, the State of Alabama,
and her sea port town of Mobile, will repent of
thls-tar better follow their noble exempar,
Virginia. and stagger under the oppression of
debt, and work out of it than to repudiate.
They will never be forgotten if they do it; and
such action throws discredit on Southern Sc
curities Of all kinds
Mr.. o. Conner still clings to lfe but is grad
ual!y sinking.
Tweed is off, the Sheriff is very sorry and
the lawyers have lost bird full oil feathers.
! On,nN,,