The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1877-12-31

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interest receivable on the loan, and the
president thought it would be cheaper
for the bank to retain its own money.
A gentleman just from London visited
the First National Bank yesterday and
reported the feeling there es very in
tense. He says there is . disposition to
dispose of all American securities. The
American people are roundly denounced
in England for supporting so largely a
scheme to pay off an honest
debt in deteriorated and
base currency. This gentleman states
further that he has been given an order
to sell all his government bonds at once,
believing if he retains them, and the
silver bill passes by two thirds vote,
- he now thinks probable, he will suf-
fer serious loss. Banks in this city sold
$500, 900 Government bonds yesterday,
and bankers state that there is a dispo-
sition on the part of holders to dispose
ef government bonds even at a los.
under tue apprehension that there will
be still sgrester loss with unlimited is
sue Of silver. A prominent bank pres
ident said that the cities of New York,
Philadelphia and Boston occupy q po-
sition midway between home and for
eign trade. and must, of necessity. hold
themselves in readiness to transact bus
mess upon the same basis, as other cities
holding corresponding relations to other
countries. in the same medium; and
that city which does most to maintain
the worlds standard Of value will be
sure to secure to itself large share of
the worlds business. John A. Stewart,
president of the United States Trust
Company, said that company made no
loans on real estate outside of the State
of New York. If he was doing outside
business he would not make Il loan ex-
cept on a gold basis. 1t is high time,
he added. there should be some concert
Of action among those who believe in
honest money. If the silver bill passes,
all successful applicants for large loans
will require horse and cart to carry
on their money.
NEW YORK. Dec. 29.-The Times
editorial says: if any one of our read
ers are filled with the notion that
subsidy-giving is q profitable exercise
of power by the United States, they
would do we'll to read the history of the
relations of the Government to the
Union Pacific Railroad Company. They
will find that company resists at every
point the claims of the Government,
and thinks no plea too slight to inter-
pose against Ahe reimbursing of money
nominally loaned by the latter. The
case against the Union Pacific Company
comes up next week in the United
States Court in Boston, in which the
United States sue for Ave per cent. Of
the net earnings. required to be paid by
the road. The demand is resisted on
the ground that though the road was
sof6ciently completed to be entitled to
. subsidy loan. it was not sufficiently so
to justify the Government in demand.
ing commencement of repayment.
Another ground of resistance is that
the net earnings in law means earnings
after oil interest has been paid. These
two points the company will engage the
most expensive legal talent to maintain.
There is not and never has been on its
part the first intention of honorable
dealing with the Treasury, by aid of
which its splendid property was built
up.
NEW YORK, Dec. of. L. Winston,
President Of the Mutual Life Insurance
Company says: II know of some larde
companies in the West that are buying
silver 1t discount to pay of their
employees with. and workingmsn have
demonstrated and are beginning to see
through the silver delusion."
CHICAGO, Dec. 2s-Offiei,l informa-
ton from Big Horn Pot. Montana, says:
Two Nsz Perces have come in. having
been in Sitting Bulls camp. and report
that white scout is in the camp OF the
hostiles Is prisoner. The Nee Perces
are anxious to leave Sitting Bull and
are slipping away whenever possible,
but are afraid to come in O body.
Dispatches from Fort Buford say Sit
ting Bull il encamped on Rock Island
and committing some depredations,
chiefly on other Indians, and that he
intends to take small post this winter.
An Unapapa was intercepted recently
bearing messages to Sitting Bull urging
him to accept the terms offered by the
United States and come back from Can
ada. These communications are cor
roborated by information received in
Chicago recently from other and unofii.
cial sources.
NEW YoRx, Dec. Is. Gen. G.. Nc
Cook, of Ohio, who was stricken with