, 1877-06-25
HlsbN0%
week last
~ AsJsh hS Asp'ot ~
NEW YoRK rArERs on TnE POPULAR LOAN

The mistake Into owl which those fal, who talk OF 4
Der cent as Tho bas,s Of popular loan l,es in The
assumption that that rs,o Of Interest win satisfy
private Investors in this country. Granting tha.
tho tendency is cverwhete towards lower rates Of
thstess no ground fot believing that We have
rurdca a. normal rats o. interest even In tho At.
i.ntlc cities. rcrsuns may nut Into per cent
bend money now Idle, and which they arc afraid 70
risk IN eofpofate scehfillee' ont VIII Inc lnt sign
=. ,r,I1 T.. n..x ,ton n nn,.in n+oat.hj. .,r.
plormcnt fo' money, and t!,e average rate Or IN.
per perez eens " in tic newer ssstes il viii be several
pofa,s higher.
pesss 10 % b. anscssonabIc 10 Ssleve ' that lafso m
nuounts OF the anu ~ per cents vii ind ncIma-
ncnt loigmcht IN private lands 90 this suc Of tho
Atlant!ca The European market. on tho othef
hand, VIII gradually Ako tMe bonds.
Tha very thing witch liz syndicate may be sun.
posed 10 deaIre or III, othrrs is that the subseri.
t!ons at par s0a! b ~ ANAL! as posslble. Upon
.nes pn.. " anc !oam sJ a " @ a1 y th
1aan IL iha ~ nrnnts Of tio syncst te Viii nma, nnr
IA there the upro,tunfty 10 rcntxc Interest on
ionl. bctoro tbc'i delivery ~ thcro ~ In The on
naEy exehanGo 9l !os PC! , eGmtS ts a. aoon a.
t' II t. crncc,n5 tbai thn nrirr iii ~. saxsnpro
70 tint tho Syndicate wili rcalixu much largcr
profit on all sales then made. The terms Of tho
adsstt,arment clearly snnw t.,, VA the synuiGato
~ snhsr r5ntInu. NJ mr. I11cra PJ;a'pis T.
rlneu!ar Tint Tie SECRETARY OF tho Trcssuty
has thought 1t drsIrab1a 10 apptoyo the advertise.
meMt !ssaca Tho e"ntract Z snp1!ate4 "a that tatty
Is,ttn. .u rntt.in,x WYNN roic" W. soni ~.
hayc been given by any nossbttty to tho nropIe Of
Tho Un!scd States bctwetn O'Clock a. m. aud j
o'clock ?. ~ on salafday. June ~, TUT tho auvGr.
won'd cns" Il nv II III
Thc SccruarT wouit have tIunu better lad ha in.
slated upon at least ons week for reasonable pub
lie notice.
1tnn,s,n Tint nnthinu nj s' ~ .tt ~ f,onc-...
declaring in cxprsss torns That tEo new bonds arc
payhbo in gold unly. will sulce to givc validity
Secretary sGe tnaas psosn!ses: Can no ohtala the
paMase .! su.n an ne1t Me sn. at not ~ mo 20 not
snd W., therefore, regard tic HecrotHry's assnr.
Anees that tho Government. will pay its bnnhs In
gold ~ Or no % mnte 'atas than Tic rFcd!cs'onp of
.nw a,y n1sa.r ~ s' ans,,c.ru n,
VI ~ s,~..,.w ~ 1"S''" ~A
H., pb,,adc,nh,, F<.,1er. ,,u.x. s.vo,.h,, :, H..
Tfcxcle and Tho Syndicate aays: ..Of Iii annncin1
hnnpl,nc that VA h.vn evr, wtnea,eA th,t N NJ
Secrctorv sherman. In re- forrnco to I'm nImn.t-..
linn ~ h, ofaco In uonorn1 nnd thn ,ann."o,u"ut
of ihs now mar cent luan IN narticu1or c1ccc,s "
TIN aritynntn uf tho Lsdntr Ia Tho countenanc.
rlyon by tho SECRETARY 10 the silver narv If ron,
tnuc,. ..trhc iIea. which tLoru /. TN mucb r.a.
son IN heleyc recoiyod encouragement from him.
thot Inn new bopla mny be iInui,jatcd In
sil,er co,n instcn,i of eo,d wns tbn ,,ost
nutct,,sl actlon that could o,cr hnyc
found Judgment In d sane nina" Arafn. ..Thc
1nan seemed 10 have lost hs head to ncrmjt e,lher
The newspaper correspondents, OF tho silver pol.
tttclans to give life 10 such an jpsJma,Ion Tor a
single tuy." Tic ktdqsr severely 5s,uarks that It
Is constrained to bclleye that all this dIsc,cda.
bic meas co.ne. from a desire .'on the ua.t Of
eome fcw persons perhaps having couutenancs In
the Treasury Dc,.artment 10 aid tic nj pnrty
IN ohio " carry tho next election in TINT stats"
Secretary Sherman has evidently failed In hls un.
certain coursu 10 make hm.cf popular with oither
ru,u or Silver men, lie In too much of hath tn IN,
enough Of ctthoy,
THE "co1sn uosps.