The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1877-06-28
OUR WASHINGTON LETTER.
WASHINGTON. June %. IS

WASHINGTON, June %, 1877.
Your readers may begin to put their
houses IL order with view &c econo-
MIXING sufficient funds to enable them
to buy q government 4 per cent bond
under the 80 days permission for so do
ing which has been granted by Sec'y
Sherman. The plates of the $50, 800,
$500 and $1,000 are nearly completed,
and the printing of the bonds therefrom
will commence IN a few days. 1t is ex-
pected that every American viii do his
duty and take at least O $50 bond even
If he is prevented thereby from taking
his usual summer pleasure trip. The
size of the bond 1Sx24 inches is of itself
great inducement to invest, as the
quantity of paper involved is a fair
equivalent for the money advanced.
There is nothing like cutting a big
spread, you know. Again, every sensi-
BILE American expects to live until after
the maturity of the bonds, and should
he realize his expectations of longevity
full of geld as it is certainly to be ex-
pected, that at that date we will have
arrived at gold payments. Who would
hesitate to live 80 years in order to ex-
perience the pleasure of jinging money
again in the shape of gold, and as mat
ter of experiment it seems all night Tor
every patriotic American to undertake
that which will give him relief from
paper money. Some, however, claim
that the bonds are payable in silver
such need not invest, for we will give
them by other means all the silver they
want and more too, long before these 30
year bonds have matured. That Con-
gress will at once attempt the remone-
tization of silver in some form grows
more palpable daily, and that it will sue
coed no one doubts. That customs will
be excepted now seems likely for the
expression of sentiment drawn out by
the agitation of those 4 per cent bonds
shows that our capitalists regard the
placing of silver and green backs on the
same footing as inevitable when Con-
gress comes to debate upon the question.
There is in addition a wide spread APP
prehension that Congress will go step
further and will include customs thus
compelling the government to pay its
interest on it's bonds in silver, or be at
the mercy of Wall street, for what gold
it may require for such purpose. Mr..
Sherman's letter asserting that the bonds
will be paid in gold, and its approval by
the President and Cabinet has done
much towards quieting these m;sgivings
and thereby ensuring the placing of the
bonds. Though Mr.. Sherman can see
through mill stone, it is too soon to
indicate what course will be pursued in
the future years in regard to our finances
and our bonds. But one thing is sure,
the west and south mean silver-"the
dollar of our fathers, and these sections
well know that full reconciliation of it
will make that precious metal plentiful
enough to permit the school boy even to
buy his candy with it instead of the
nickel which this present father bestows
upon him so graciously, hence we pre-
sumo they intend to make us all happy
and give us all that is requisite for our
individual trade wants. s'Barkis is will
lin" During the war we found the
Southern people content with their Con-
Tolerate money and SO much so that they
never examined it to detect whether 1t
was genuine OF counterfeit. All they
desired was a something by the pocket
full regarded as money, and such is
precisely our feelings in these impecu
NOUS times Our s'wants of trade are
creative will take silver in ours even
without the use of gold spoon as
medium for taking the dose. Congress
will oblige US, I think, and soon we will
have our 81 day and roast beef.