Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-09-02
} iEMPHIS APPEAL
S SATURDAY, SEPTEMBER 2, 1875.
1mPoRrANr QUESTIONS.

EDITORS APPEAL-WIll you kindly
1, form the writer, and the pubic IN general,
ny 1t is that the sectary Of me onl t STATES
lie sum of 1--WE hundred million dollars, at IA
nor Ger L interest, and also fve hundred mil
T.. ke mn a corresponding amount of the out
81 .nding SO six per cent ponds OF tne U nlted
s ates, does not make pu9he proPosais, glS . 9
ezchaHgc his $500 or $1,000 bond Tor "A per
csot.? We sbal see The honorable seer tary
:, on calling in the 5-2ls, and although he Will
rav the gold, the operation will be attended
' 9TH some expense. trouble and r'sk. The late
-u--1xst-aGe operations, in which a favored few
b ave only Iledged themselves to purchase
8 ). 900, 100, with the privilege OF S2b0,0lO,CJ0
II ore, up 10 the first Of March next, looks very
II, UGH like r1ng-a perpetuatton, in fact, OF
i bbery-and there is corruption at the bot
L no of 1t. We are the more impressed with this
j. ca in noticing that this synJicste, or ring is
d n. In the present and prospective stat of
tie money markets, Eeeiug that there is but
Il tile demand Ior money for trade purposes
: ID the rates of interest were never SO low
ana money so unpIoductive as now, and has
h en- for twelve to fifteen months past, 1t does
sopeaT 10 us as MISTER OF justice that the
b llders on the nYe-twenty bonds reJiding in
Q United states ought u have an oppOrtu-
/ ty to subscribe for the new loan, for there is
/ doubt aoout the security, and 1t would be
1-r better Tor the COVE rnmert to owe It's DEBT
L. its people than to any foreign syndicate or
i NJ. NOW the honorable secretary of The
I easury is ipexcusable fer not having placed
I ais $500 900 900 loan year ago at least, which
' ould have saved the PEOPLE Just $500 600,
Y nich would have been in the public treas
1 yto-cay, provided there was no ring there
have snent it. Now, Messrs. Editore, the
l pshot of such fiDancierIng as is shown by
4 e sec.e arg will be this: This ring will be
S Ie to place the entire 500 600, 900 by the nr-t
@ March, and VIII pocket the handsome
tie sum of So 900, 900 in gold on this stroke Of
In lnce, and this, added TO the gum in interest
s ready lost-ssy the difference between $500,
10000 at six per cent. interest aud SSOOlOO0O0O
$ four and a nall interest for twelve months.
saSt t N6 81 6sTt BEEN t1St 20 1 1ne
Important sum TO resume payment on. The
i Justice, 10 say nothing OF this weak fnan-
c ering on the part OF the secretary, is toe
L ore apparent, looking at the results OF the
Z ebisclte, Pc 1uar loan, OF the city OF Paris
rance, in which the sum required was sub
8, ribed some nifty or more times as much as
J ,ris can Rccompl sh such success as in this
stance, what might not the secretary OF the
I uited states, backed BY the immense re-
3 urces OF the country, do were he TO have
s iOpted the same plan in the placing of the
: 1900 600 loanf 10 say the least OF 1t, IL was
\ eli worth the trta'. This procedure is an
Jhef straw showing the very evident future
J wandering of Republican executive. The
I opleo of the Unite0 states would or should
| glad To have a plain, straightforward an.
yer 10 these questions. In fact, the most
E ecious defense for the conduct OF the hon.
{ -sble secretary of the treasury from his
Hest defender would be welcome. Give this
III possible publicity, and let the American
J. sople ssewho defends, and on wnat grounds,
] spublicaI financiering. Another question,
Elessrs. Editors, and 1 have done. Did all OF
J. publican financial ability die with 5. P.
observation-disclosures
The potts made by our correspond
1T, one Of the first financial writers In
2 ennnssee, eem to us to be well taken.
!idt we see no hslp for what he so
! silly complains Of except through
e election o Tilden to the Pre- idency.
lls is the only statesman before the peo-
l 10 who hiss Anything like a financial
Policy, or who has given expression to
j leas that read IS il he had been and
' as still student OF governmental pol |
es and politicI economy. The past |
ght years OF msrule under Grant fur |
L sd many instances of Republican ex-
Avsgance such IS our correspondent |
Ills attention to, nd it will not be for
,ttsn for many lay that it was to |
remedy the evils gowing out Of them
that the Democratiihou Of represent |
8 ives burdened itslf with 1nvestiga-
)ns which increase the public disgust |
G party the most 'orrupt that any
untry has ever bee cursed by, But |
zen these investig altos were barren o. |
suits, oaulked as thelouse was in its
7 Irposs by the ADMINISTRATION and q
7 artisan majority in theenate. There
then, we repeat, no chncs for rem
iy for Republican extrsagance save
rough Democratic administration
AIDED by Samuel J. TileD, the only
& atesmsu with a definiteand feasible
financial policy.