davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
LIMITATIONS OF MONEY.
From the 81. Louis Republican !


If careful examination Of the which lead to
great financial and commercial revusions fairly
traced and thoroughly understood, We have doubt
that the high Of interest charged for the OF
money would be found at the bottom Of all such dis
False doctrines in relation TO the value OF money
and the rate OF rent which may be put upon H. has
very much to do with financial rcvulsons and CONNER
cal disasters. The limits OF this article do not permit
enter fully upon discussion OF all the points le
t maIcy suggested by the thoughts brought above
There Is radical defect in the distribution oil the
product OF labor wealth existing
nolnic system which must ever produce, al
tain periods, the balciul effects which OF
thus country have witnessed during the past three
years Money lenders make Ut the disrcsses OF
borrowers and 'cOrnercd merchant had better pass
into insolvency ut once than to cndeayor TO bolster
himself by the tender mercies OF brokers. Failure
must come last The financial troubles and commer-
cia failures grow out OF inevitable law inherent
society," that beyond certain point Efforts to
tratc the products of Decentralization due re.
gard 10 the original producers must not 60 and when
pressed beyond that point the inability OF the wealth
producers to meet the strain rccoils with immense
force against the perpetrators OF the wrong against the
producers and widespread commercial distress is the
result There Is but liked and definite amount OF
wealth in the world and that amount II not enough TO
make all rich. II the desire 10 grow rich that
pands credits and initiates balloons only that they may
collapse In disaster
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
THIRD AVENUE SAVINGS BANK.

ALGERNoN s. SULLIVAN ON THE NEW RECEIVER
announced in the HERALD two three days ago
that the committee appointed the Germana Assem-
bly, Rooms investigate the affairs of the Third Ave-
Savings Bank and to appoint receiver in
the place of Mr. Carman now acting, decided TO en-
gage attorney MIR. Algcrnon s. Sullivan.
In the or interview held with Mr. Sullivan
last evening the gentleman expressed the opinions
gwen below which prove of great interest to all
the unfortunate depositors
SULLIVAN SAID
that the Court in appointing receiver, should
not be guided by any suggestions from any of the
parties to the proceedings-that, in fact, his
clients, Mr. Mallon and others, would not
uame any one but wished the Court to
name an independent and competent party.
He urged that nearly the whole body of depostors
dissatisfied with and distrustful OF Mr. Carnan be-
he had signed false report to the Bank Supern
tendent because he should have known tho condition
OF the bank and must have known IT. because he
officers of the bank and would be degree back
ward in enforcing against said officers any claim
against them
The Court ought to consider the Importance OF Quiet
ing this disrust among the deposltors and TO do
should remove Mr.. Carman Mr.. Fitch, ut Kingston
Saturday opened the by reading the papers
the motion, and atterward summed up, very siren
nously urging Mr. Carmans disqualincations and that
he ought be removed He said among other things
that the false report made by the bank had doubtless
mslcd and done great damage to hundreds of the
depostors.
Slr Pec read Carman's affidavit, stating that there
was collision understanding with the bank and
himself, and nothing to prevent him doing his duty
against them and he ready to do his duty 10 the
depostors He had caused the official examination OF
the bank to be made by the State superintendent
he found out deficiency, and
then had. in the interest OF the depositors,
recommended the reccvership He said he had been
secretary of the bank only few weeks when the
tuary presented the report and he signed H. believing
IL correct As lac found the mistake he APP
prised the State Superintendent Very excellent tes
monias to Mr. Carman's character and qualifications
were presented.
Attorney General Fairchild said that when the
eel ycr appointed-us the name of the receiver
seemed to him to have come from the bank party-he
urged that the bond should be 800 600 The
rRnor that the new committee appointed in the Ger
mania Assembly Rooms in favor OF retaining Mr.
Carman receiver Is positively Incorrect They unan
mously insist Upon his immediate removal.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
DIED..

AnERs.-NARy, the beloved daughter OF Michael and
Mary Ann Ahern, aged years aud months
Funeral this day Monday, November Isl from 1855
Grcenpoint avenue Grccnpont L. !.
AscouGn.-on Friday. November IL, Jonx D. As
COUGH in the 6Sth year of his age
Relatives and trends Of the family respectfully
invited TO attend the funeral from his late residence
Ill West Eleventh street. Monday 18th inst at two
Z. H. Remains will be taken to Oak Hill Cemetery,
Nyack.
BgLLNGgR.-0n Sunday, November IA, JAMES r.
BKLLtSoER, aged 20 years, son Of NJ. r. and Rosana
Bellingcr.
Funeral from the residence OF his parents 25s West
Thirty eighth street. at nine A. NJ. Tuesday The body
will be taken TO Little Falls n. ". for interment by
the 1880 A. ~ express train IRON Forty second street
depot.
BESSErr- On Saturday, November 10, ALBERT H.
BENNETT, aged 70 years.
Funeral services from the Church Of the Holy Trinity
Of Forty second street and Madison avenue,
November 10 at two Y. VI. Relatives aud friends
respectfully invited without further notice.
The members OF lvanhoe Lodge, No. 0l0, +. and
NJ hereby summoned TO be present nj an etnergent
communication at the lodge rooms, Masonic Temple,
Tuesday November TO- at twelve NJ. sharp, Tor the
purpose OF attending the funeral OF our late Brother
A. Ii. Bennett CHARLES EMERSON, Master.
W. T. CRoPrs Secretary
BERNHARp.-On saturday, at two O'Clock /. NJ alter
long nd painful Illness Mrs. EMMA BERNHARD, reiict
oil the late lsdore Bernhard IN the 9th year OF her
age
Relatives and friends are respectfully invited to at
ceased $50 West Tnrlieth street. this day at ono
oic .ock T. VI.
me members OF the Hebrew Mutual Benefit Society
aro hereby notified that the funeral oi Mrs r. Bern
bard viii take ace from her late residence No $40
Wcst Thirteth street to-day lNondayl one d CLOCK
J.. ~ A. :. VAN PRAAG, President.
The members OF the Congregation B'na Jeshurun are
respectfully requested 70 attend the funeral OF Mrs.
Eulma Bernhard from her late residence No $50 Yves,
ThirIeth street, to-day Monday NJ ono o'clock r. M
N. sTRAsnURaER. PfesidsaL
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
OUR STATE ECONOMY.
from the Utica Herald. !

From the Utica Herald.
In Ave years the people have contributed through
taxes to the canal funds the enormous sum OF
s13 $3.50 49, or 81 Ill 900 per year equal to lax OF
mill per annum upon assessed valuation. Here
is reduction OF taxation which the Legislature
avoid II may belt is quite probablcthat the canals
will suffer In consequence. But the constitution and
the Legislature, will DO to blame for that Imme.
date steps for tho abandonment OF several Of the
money now thrown away upon them may be turned to
the maintcn ance of the Erie In this, and in many
other ways, the republican Legislature can effect
great reduction ia State taxes. Four mills
and half allowing tor every cxgency Will be
ample ratio for 1876 That ratio will reduce taxation by
S. 100000 With that ratio the entire debt with
careful management, ought to be fully and finally paid
by the commencement of the year 1875 From tho
time OF that consummation, the party which show
the most economical administration is the party which
the people Will permit to possess the government in the
future They have done with all other issues for the
present The hard times have taught them to estimate
the hcavness or the taxation which has grown,
little by little, from the beginning Of the wur. In
New York city II lie question with many
owners Of real estate whether they had eest pay
heir permit their property be sold for
petual mortgage upon H. IN the shape OF State county
and town taxation. These taxes longer paid will.
ngly because they are no longer paid easily. Tho
political parties, " they hope 10 1--we through tho
changes OF the immediate FUTURE their efforts
to the cssening OF this immense dram upon the pro-
drive this demand for economical pubic expenditure
out OF the minds Of tho people The republican Legs.
ature must respond TO this popular feeling and cut the
taxes down II viii have no duty higher than tn one
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
GOLD FLUCTUATIONS ron TIE WEEK.
EXPORTS AND IMPORTS.


The foreign commerce Of the port for the week was
rs iolows:-General merchandise Imports including
ury goods, S4l35 $50; sports So s15 2 and
specie exports 1888 41s. Tho total imports OF mer-
chandise since January this'year were s23A53 O4s
against S34o SOL for the corresponding period in
1874 and $34e 2i5 SOS in 1873 The total exports OF
produce since January i SIT 81 227 against
s25O, $50 in 1874 and $257, 197 in 1873 the
total exports OF specie since January / were
sos esl againsts45 92a 1874 and s44 ISL 800
In 1873.
DoHps-GovREuEST STATE AND RAILWAY
United States bonds in fair request but oarIyAn
he week lower the price sympathizng more or le. .
9Th gold Later, however, there a gam OF from
Is 10 y per cent. Currency skies especalR ,y
trong closing about u per cent gam upon last weeks
prices. The purchasers have been confined 10 the
usual class OF investors and TO corporations.
In State bonds the chief activity was shown in Ten
nessecs without material change in price Tho feature
q the week in tins department the advance
Of the District or Columbia 3.65 bonds 3D. on
The opinion rendered by tho Attorney General OF tho
state OF New York that the savings banks justified
IN invesngfunds In them United states securities.
Railroad bonds were generally strong, but the prn
cipal Interest confined the Pacific issues, which
made material advance upon tho alleged receipt Of
the decision Of the Supreme Court in favor Of Union
Pacific
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
FINANCIAL and COMMERCIAL.
General Condition Of the Money
and Stock Markets.
REVIEW OF THE WEEK.
Changes in Stocks and Effect Of Speculation
Gold and Bonds.
WALL STREET,
A. ~ IeGh


At times and in few specialties the stock marne'
during the week showed considerable ouo!aicy. INC
agreement to advance the freight charges on some
nj the leading lines which is to take effect morrow
and which bv the way is usual this season OF the
year was not without its effect direct and sympathetic
upon several of the lower priced railway securities
and gave an additional handle to the professional
spectators wherewith TO manipulate the market
1t Is sufficient. say that they not unreasonable
being lower than the basis OF last winter which
ST. per 100 on first class freight from New York 10
Chicago and lower than any summer rate that had
ever prevailed prior to last year Under the Impetus
Hannibal and ST. Joseph advanced from 20 to D bat
closed at 21a1; the preferred stock from % 26N,
closing 251s Ohio and Mississippi from l6s to 1874,
closing at 10; Northwestern common from S7ss to 39
st. Paul common, from So to 36il, and the preferred
from 63A to 661s, closing at 05ls. Michigan Central
from $685. 67k. Missouri and Pacific, moved
from 102 to 10 4, but later fell off to h. Erie showed
weakness and declined from 17sS to 1871 Lake Shore
irregular, and after selling up to 623s and
down to 6lh, closed at 61z. Western Union
exceptionally heavy being influenced
by the suspicion that the company has been or is part
Jog with It's stock. Several Californans are
among those who have ranged themselves the short
side looking for lower prices The price ranged from
II to 75s with close at 75. The largest advance OF
the week was in Union Pacific from 65h to 75lS Near
the close however the price reacted to and closed at
~. The movement OF this stock is accounted for by
the report that decision would by the United States
Supreme Court, be favorable to the company. Such in
formation, however, is neither public nor official Pa
cic Mail continued be speculative, and advanced
from 3S1s to AZ, but ended at 4os. The deal by
the Panama Railroad Company, in their preparation to
establish line of steamers of their between New
York and San Francisco is however, likely intro
duce elements and compel combinations
connection with this stock. Judging from the report
OF the committee OF directors published this
ing's HERALD and the resolutions that follow good
deal of purpose and carnesness at work, and few
days may show ths<result-
HIGHEST LOWEST WEEK
The following table shows the extreme fluctuations
for the week In the leading shares
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
COURT CALENDARS-THIS DAY.

SUPREME CorRr-CuAxBERs-Hed by Judge Dono.
hue Court opens at ten A. NJ. for pdrte business
Third Mondays motion calendar will be called at eleven
A. NJ.
SUPREME CouRr-srKuAL TERx-Held by Judge
All, AS 49, 40, 400 4o3, 4ol. $50, 65I T5s' $50
SO SOL 567' l2e' 27s, es7. 500 ssh o3l 525 1872
SUPREME CouRT-CKcUIT-Par Adjourned for
the term Part Nos. o23s. 34es, 1855 146s, 14ss
1908, 2s52 s1se l51e,s 2lld, so61s 5i4 1872 144e
isis, e4s, $751;, Part s-Hsld by Judge Van Worst
Nos. $40, 1858, 24s3 1925 1888 $685. 3a3 $685. 1923
1871 1925 243' ISL 1881 lIsl 1859, s44l l4ol, $751;
1877, 693, 124I 3l71, 1878, 1021
the term.
SUPERIOR couRr-spEcIAL TERA-Held by Judge
10 a.
SUPERIOR couRr-TRlAL TERM-rart Held by Judge
Speir-Nos. 1873, 1919 765 s23 7ol SAL S27 SAB 1888
.745, 13s, ISL, rs, 1853, s67 Part Held by Judge
Curtis.-Nos 1882 1854, 93s 698 $40 500 534 $685. 45i
S001S, 500 1920 S62. $50 7SS
COMMON PLEAs-rRIAL TRRM-Part Held by Judge
Robnson-Nos. 1855 1859, l434, 1874 1851 1893 .505
1866 4ol u, 22s,, 1859 $751; l+o0 26ss, 2l24 Part .
Adjourned Tor the term.
COMMON PLRAs-GHyERAL TRAVELLED by Chief Jus
tice DAILY aud judges Loew and J. +. Daly-Nos 22s,
45a, So 3s 40 81 a. so o. o. IS, 49, 81 los, no. ILL.,
MARINE CouRr-rnIAL TKRA-Part Held by Judge
Spaulding-Sos. 1887. 1888, 1899. 354o 1904,
$780, 2o44 2eo 1902 s54l. 4o2l 54so $780, s5e2 2aol
Part Held by Judge McAdam.-Nos. 247l, 3loe
3i99 $50 1909 1910 1853 3492 1886, $500 5176 1924
Part 3-held by Judge shea-Nos. 1885, 1913, 52l4
$3.50, 52l5, 1918
CouRr OF GENERAL sEssIoSs-Hcld by Recorder Hack
ett-The People VS.. Thomas DULY, robbery; Same vs.
James Gibbs, burglary; Same Solomon Mannheim
grand larceny Same vs. Catharino Mccarthy Mary
Brady John Brady and Jeremiah Goldstcin receiving
stolen goods; Sarne va Karl Kreutzug petit larceny
Same Zeno Burnham, feonious ssault and battery
Same VS.. Matthew Ryan, burglary; Same James
Burn, burglary Same Henrietta Ned grand larceny
Same vs. John II. Baird and James Wood, false pre-
fences; Same Moritz Basser, obscene literature.
CouRr OF OYER AND TKaxISER-Hed by Justice Bar
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
MURDERERs AWAITING TRIAL.
FATAL RESULTS OF QUARREL OVER MOTHERS

FATAL RESULTS OF QUARREL OVER MOTHER
LEoAcY-THz STORY OF FRATRIcIDE-
In the Warren County a. ~ jail at Belvderc there
are al present confined three persons charged with
murder Their are Patrick ward, of Phillips
burg, charged with the murder OF Peter T. Miles
'ohn Ritter, OF Hackettstown, charged with the
natural crime Of numbering his own two children and
John Walters Of sprngtown charged with the murder
OF his brother Holloway.
AERArmcIDE
TINS latter murder took place during the past week
and occurred IN the following way Between Spring
town and Hughesville lived family named Walters,
consisting OF mother, Two daughters and two sons
They owned small property composed OF q small
storehouse and few rickety old buildings Last spring
the mother died without making = will and ever since
afamily warfare has been carried she owner
SHIP OF the property, John, Of the sous evncng
desire 70 obtain sole possession OF it. During re-
newai OF the quarrel John kicked his SISTER
Hannah out or the house innictipg upon her
severe bruises. She fed for safety and while
doing so her brother Holloway came 10 her rescue
he expostulated with his brother his rash treat
ment OF their sister, and said he would suffer IL
Angry words followed and as Holloway gong out
of the house John struck him the back OF tho head
with stone,
YRAcruRiSG HIS SKULL
The wounded brother conveyed into the house
and put TO bed when surgical AID was summoned. The
physician, after examining the wound, pronounced II
fatal and said the victim had but short time to live
He expired fourteen hours after tho innicton OF tho
wound.
ARREST MURDERER.
Tho fratrcide away, but arrested soon after
ut the house OF his father in law, Mr. Loire who lives
about mile distant from the scene or the tragedy.
The victim was quiet inonensivc man and was held
in high esteem He was the youngest or the family
and about twenty ave years OF nge John. the alleged
murderer, is married man and about thirty years OF
age His character for peaccablcness was never OF q
high order The community Is much excited over the
tragedy.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
POLICE COURT NOTES.

Judge Bixby, at the Tomes fined Tom Lacy IS for
insulting lady on broadway.
Charles Mccabe pcdler of obscene ballads, was held
for trial yesterday at the Tombs
For keeping disorderly house at No. 30 North Will
lam John Curtis committed to tho Tombs by
Justice Bixby.
William Bennett yesterday, at ESSEX Market was
locked up for picking G. T. Aerritts pocket OF watch
on Saturday evening in u Blocker street car.
William Spellman, proprietor OF No. 1875 Blocker
street, low gambling house and forty OF his sporting
patrons arraigned before Justice Morgan yester
day at the Second District Court. Speman was held
and the others discharged
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
ATTEMPTED SUICIDE.

Laura swirz aged forty eight years, a native Of
Germany. residing at No. lss Hester street attempted
suicide by taking dose OF Paris green at her resi-.
dence al an carly hour yesterday morning Sho was
taken To the Mulberry street station house. where she
was attended by Police Surgeon Mcleod who says she
cannot recover. The case placed In the hands
uf Cor rok
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
EPITAPHS.

Before the members OF Orion Lodge. +. A. NJ to-
night at Orion Hall in Brooklyn, Mr.. A W. Peters
will deliver original lecture novel subject He
will discourse of "Eptaphs," ancient and modern
Although not very grave man, Mr. Peters has devoted
great deal OF attention to tonbstoncs, and he will
probably handle his quaint topic In o that will
prove that he Is well adapted to the undertaking.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
STABBING AFFRAY IN JERSEY.

Thomas Fineen, George /. Barnes and George Haus-
beck set out on spree in Jersey city yesterday After
they had inbbcd freely they quarrcllcd and IN the
alteration Hausbcck stabbed in the right arm
His assatants then lied but Fncen was arrested soon
aiterward Barnes, who was formerly policeman III
Hoboken was arrested in the latter place by Captain
Mekaig who conveyed him 70 the First precinct STA
ton Both prisoners deny the stabbina They will bo
brought Nd Tor Exclamation this mornlns.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
DOMESTIC MARKETS.

GALVESTON, Nov 10 1873.
cotton steady; middiing. i2.se low middlng. ll5ae.
good ordinary ll1sc Net receipts, 522O bales Exports
eoastwise, 80 sales, ,04I. Stock, 134
NEw ORLEANS. Nov. H. 1873.
cotton enscr some sales lc. lower middling, l2ssc.
ow middlins, l2c good ordinary, usac Net receipts
lLo3l bales; gross, la,HS. Erports-Io Great Britain
.!tV' 70 France. 3Osv, TO the Continent, Al sales
t'-5l stock if4,a3i
O. MoBnE Nov. ~, 1875.
A99ton quiet; mddng l2iac low middlinp, III Ac !;
$500 49,, ouhy Snc Net receipts, 100 bales Exports
s"@s'"ise 10 sales, co., stock. ~, sos
s,.... -, SAVANNAH Nov. ~, 1876.
Sstten dull and lower ts sell; mddng i2sse.i low mid
'-sss' sO0e ordinary aiIss Aei ree&pi Sbsl baIss
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
FIRE IN THIRD AVENUE.

Shortly before six O'Clock yesterday morning fire
broke out in the basement of the three story BRICK
tenement No. 80 Third avenue, occupied a lamp
and oil store by r. d. McEwan. Damage 70 stock
81, o00 no insurance. The building which Is owned
by stephen Curdet and insured in the St. Nicholas
Insurance Company was damaged to the extent OF
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
MARRIAGES AND DEATHS.
MARRIED..

TAYLoR-DuRAST. AT Yonkcrs, November L. at the
residence OF Allen Taylor Esq, by the Rev T. nlston
d. D., H. II. TAILOR, OF Yonkcrs, y. Y, to MAaGARRr
A. DrnASr, daughter OF Preston Durant, Esq, OF
Bethel Conn.
wALKER-HAlL-At 81 Paul's church, Brooklyn ON
Tuesday evening, November o, 1875, by the Rev. WILL
lam d. Walker brother Of the groom) JoHy T. WALKER
AGNES LAURENCE daughter OF Edward L. Hail. all OF
Brooklyn.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
1 BROOKLYN BURGLAR ARRESTED.

William Brushnan, forty eight years of age was ar
rested yesterday forenoon by Detective Brady OF the
Sixth sub.precnct, charge Of bursting open the
front basement door OF the residence OF Charles Oster
man, NO. 5l1s Yates avenue, the 1lth inst, and
stealing thererom clothing and Iewery valued ut $685.
The prisoner, who Is German resides ut No. 800 Floyd
He is held to await examination before Justice
Rtalv
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
est polnt of the public debt
Reduction In min,
tLoRILLARD INSURANCE COMPANY.

Mr. Carlisle Norwood, tho receiver OF the Lorillard
Fare Insurance Company ofths city, which failed inn
ymedsely after the Chicago fire. has nearly settled up
kthe affairs OF the company There are a number OF
Ssus before the Court o Appeals and these
nd udicnted he can close his accounts. Tho sun,x
SknvOlYsd In these sultA about $40 COO
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
CLOSING PRICES
TIE Monty MARKET


during the week has been FREQ from disturbing inau
fnces, and quotations fortca loans have been fairly
fven at and per cent On government collaterals
however, the rate s lower. Prime commercial paper
Is in good demand at g. and s per cent, while
paper Of the lower class ranged up II per cent
according to grade and date of maturity In foreign
exchange large volume Of business was observable
and the rates stronger ong TO the lower prices
gold and inactivity in the gold market. A good
amount Of commercial bills has been furnished by the
cotton shipments of the week..
THE GoLDsMARKRT
An examination OF thegprces OF the week make ex-
tended comment the fluctuations OF gold or their
causes unnecessary. There present indications
Of clique movements, but it IS believed that many tho
foreign bankers areavang themselves the decline
70 purchase Cash gold in fair supply Time
loans were quoted follows For thirty days u u
sixty days 7-l6 9le and ninety days, a ~ for use.
Al the Treasury sa2e Thursday the bids for
$500 600 aggregated s., 40 Ooo and the whole
was awarded to one party The following are tho
GOLD FLUCTUATIONS roR TIE WEEK
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-15
THE NATIONAL DEBT.

The following data with reference to the national
debt will be read with interest ut tho present moment
and also Tie remarks Of Mr. Edward Young, Of the Blu
reau OF Statistics, addressed to Dir William Watson, OF
this city,
iThe highest point of the public debt
ever reached was in 1865 and was. 81 1885, 1875, $40
On tho lst vi this month 1t stood. ~ LIS 3y7 2l2
Reduction In nine and one third years $685. 02s G67
III ~ computed on the best authority that about
thirds 81 the Indebtedness Us held ia Euroe eaying
S'Oo0O0 held IN the United States. 1T would be =
says Mr Young "o particular advantage II the greater
proportion OF our public debt was held in thus country
and thus prevent the continued drain OF gold to pay
the Interest,"