The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1877-06-11

aid Cuban insurgents, received infOrma.
tion that there is absolutely no iounda.
ton for the rumor.
NATIONAL DANK NOTES ron REDEMPTION
The receipts Of National Bank notes
for redemption for the week ending to-
day are 81, ,Gj4,000, over 100000 in ex.
cess Of any week since the agency was
organized.
PERSIA WANTS POSTAL FACILITIES.
Persia hAa applied for admission into
the Postal Union. 1t is thought all civ.
ilizcd governments will directly partici,
pate in the advantages Of the Postal
Union.
APPOINTMENT.
Clark WOggoner ha4 been appointed
Collector Of Internal Revenue for Toledo
to take effect July !.
The President has commissioned Benz
Lang ~ his Private Secretary TO sigI
land patents.
THEsYSDICATE
Was in consultation with the Secretary
OF the Treasury, to-day, with regard to
the negotiation OF the four per cent
bonds.
FLATrERIEG TESTIMONY.
The following letter has been sent to
General Barber, at his home, in Michi,
gan
EXECUTIVE MANSION, |
WASHINGTON, June 6. !
"SIR-I am directed by the President
to acknowledge the receipt Of your letter
Of the 4th inst, resigning the office oi
Third Assistant Postmaster General,
While accepting your resignation, Il
take effect rs you request, at the close o
the present fiscal year, he wishes me IA
assure you Of his confidence in your ELI,
cienoy, Of his appreciation Of your valu.
able public services. The President de-
sires me 10 convey 10 you his best wishel
for your future success.
Very respectfully yours,
"H. X. Rogers,
Irirdic Secrctdry
70 Hon. Z. ". Barber, Third Assistant Pos.
master General"
FOUR FER Cent? IN THE MARKET.
The contract has been entered into and
signed by the Secretary OF the Treasury,
and Messrs. Rothschild, J. s. Morgan &
Co., Seligman & Bros, and Morton, Rose
& Co., OF London, and Belmont & Co.
Drexel, Morgan & Co., J.. & W. Seligmar
4 Co., and Morton, Bliss & Co., and the
First National Bank OF New York, fol
the sale OF the iour-per-cent thirty year
consOls at par in coin, OF which S25, ,0OO.,
900 are subscribed for now, TO be paid il
July and August, S5,OO0,OOO to be for re-
sumption purposes, and $4,000, 900 fol
the redemption Of six.per.cent bonds
and the sales are to be continued as rap,
idly as possible. The contract is for six
months, and ia similar in its general
terms to the former contract, but has this
important provision, that for thirty days
after full notice the loans shall be open
to popular subscription in the principal
cities Of the United States at par in coin
with the right to pay for the bonds with
in ninety days after the subscription, on
delivery. On the notice given some days
since, the Secretary Of the Treasury has
withdrawn from the market $l00 100000
OF the four.and.a.halt per cent bonds
and the former Syndicate have subscrib
ed, under the old contract, for $25, ,OOO,,
900 OF four.and.a.half per cent bonds
being the bolance OF the $500, 900, 900. OI
the amount Of that loan, S5,000,000 is Il
be applied during June for resumption
purposes, and S50OO,0O0 during July fol
the same purpose, and Sl5,OO0,OOO is tc
be applied to the redemption Of the six
per cent bonds. These agreements close
out the four-and-a-half per cent loan,
and places upon the market the four pei
cent loan, with the firm subscription o.
S25,OO0O00.
The new loan, drawing four per cent
and extending for thirty years, with in
terest payable quarter.yearly, is far more
favorable for the Government than any
ever before issued, and from its perma'
nenCy and security will become nationa
investment Of the earnings OF the people
Of the United States and Europe. Every
bond sold will tighten the burden OF lhI
public debt to the amount OF the bond
The bonds are issued for $50, $l00, $500
81 900, and larger amounts, and will by
the mode OF their sale be brought within
the reach Of all classes Of people.
CABINET MEETING.
There was brief session OF the Cabi
net to-day, it is understood for the pur
pose OF concluding the consideration o
propositions Of the Syndicate for the new
contract.
ANOTHER MODERN WONDER.
A patent has just been granted Lorinc
Pickering, one Of the editors and pro
prietors Of the Evening Bulletin and Morn
ing Call, Of San Francisco, for a methoc
otrapid telegraphiug fac SMILES Of slereo
type plates. 1t Is claimed that by mi,
pgOccss an entire page OF newspaper csr
be transmitted by telegraph in from Ct
teen TO thirty minutes, delivering con,
directly from the instrument in such form
that it can DO handed Immediately to III,
printers; in other words, the cony viii
be n substantial reproduction Of N,
original, except that II may be given in ,
lerger sized letter il no desired. Thl
stereotype requires no preparation ioI
the purpose OF telegraphic transmission
other than filling its depressions or space
between the faces Of the letters with ,
non'conducting substance, which NAV b
quickly applied, the faces OF the type be
ing left clear by means Of an eauall,
simple process. The plate thus prepare;
is placed upon cylinder arranged 10 re
yolye rapidly, so as to present each sue
cessive letter to the fingers attached L
the travelling frame. As the cylinder
bearing the plate revolveS, the frame grad
uallY advances by the operation Of
screw, and thus each and every line i