Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1878-03-18
LETTER FROM NEW YORK.
Special Correspondence.
NEW YORK, Mar. IL, 1873.

NEW YORK, Mar. IL, 1873.
From across the water come reports
that holders of our bonds in England
and Germany are selling them as rapid
ly as possible. Perhaps they have been
frighteded into this by the Silver Bill
but If so, they are much more easily
scared than their American cousins, who
seem ready to absorb all of this kind of
security that any one chooses to throw
on the market
The demand for United States bonds
has been unusually great for the last few
days, the total sales by single bank in
this city for one week aggregating 3d.
100000, mostly for investment. Three
clerks have been kept busy at the First
National Bank filling the orders from
outside this city. principally from the
West 1t is stated that fully one-fourth
of this has been for per cent. bonds,
of denominations of $50 and 500, to
be distributed among farmers and others
having small earnings to invest.
| Large orders were received on Tues.
day for several of the issues, including
| $4,000 new SIS, 100000 '67's, and
nearly 100000 As. The daily sales
of bonds by one bank now average ST.
100000. 1t is said that two New York
capitalists, who had been loaning money
on stocks at per cent, have withdrawn
their capital, and yesterday they invest
ed jointly nearly 100000 in Govern,
ment bonds.
This is sensible and gratifying action
on the part of our moneyed men, and |
hope it will be initiated by the less af-
fluent classes when the new ''long bond''
bill, which passed the Senate this week,
becomes law. This bill, as your read
ers have perhaps observed, provides for
the issue of large amount Of ffty-year
bonds of the denominations of $25, $50,
500, bearing four per cent. interest.
All these bonds will be registered, and
offer an investment as nearly safe as
anything on earth can be; and now
when the benefcent postal savings sys-
tenn is also introduced, By which every
post-ofice becomes savings bank of
which Uncle Sam is president and guar
antor, our poorer people may snap their
: fingers at the whole rascally brood of
7 savings bank and trust company thieves
and live in the happy assurance that
their deposited earnings are their own.
, and will be forthcoming when wanted,
instead of being used to pay some de-
faulter's expenses to Europe.
Interesting experiments are now in
progress at the Insane Asylum on Black
wells Island, the object of which is to
try the effect upon unsound minds of
music in its various forms. The fifth
of series of entertainments arranged
for the purpose was given this week, J.
N. Pattison being the pianist of the &C.
casion. On some of the patients brought
under the music treatment on this occa-
). sion the effect was remarkable. violent
conditions being uniformly modified in
favorable manner. In one case, an
4 insane woman gave rational answers to
n questions asked while she was under the
o influence of the piano playing, although
. for months previous she had not render
o cd an intelligent response to any inqui-
!. ry. Many favorable comments on the
r. entertainment we're made by the visiting
f physicians, who expressed the belief thai
d the music, if continued regularly, would
q produce good and lasting results. DIR
6 Strew and Commissioner Brennan intend
!. to make some arrangement by which
o similar entertainments will be given al
. frequently as possible during the year.
1t seems, therefore, that after all
! ''similia similibus curantur," and tina
). the popular musical instrument which
proved so beneficial in the instance re
! lated, is powerful agent for either goot
y or evil, according to the method of it
). handling. In the hands of a master thu
70 piano "hath charms to soothe the savag
breast" of even the most hardened luna
If tic /; while, on the other hand, close con
) fnemcnt for comparatively short tim
y within earshot of the same noble mech
a. anism when tortured by the averag
A. schoolgirl limping through scales 0
d hammering the "Maiden's Prayer" will
f. infallibly unseat the loftiest intelle
70 and, did not the liberty which is tn
u birthright of every American citizen en-
s able him under ordinary circumstance
he to fee from the frightful infection
would speedily cause all the mad house
Of the country to overflow.
ei Although Rev. Henry Ward Beeche
nc has passed the age when men are usual
u ly supposed fired with ardor to becom
ID bold soger boys, he has this week dis
m played his military penchant by takin
p' the chaplaincy of the 18th N. Y. Militi
oy of Brooklyn. Mr.. Beechers taking tn
ne oath of Office was the occasion of grea
:. crowd at the regiments armory, and {