Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1878-03-27
TERMs-s2 per annun in Advance.
NEW SERIES--VOL. 10, NO. 70.

poorer and provident people, a channel
for safe investments that they can al
ways rely upon, and rate Of interest,
all things considered, compared with
the interest yielded otherwise that
will be deemed fair to both Govern.
ment and people. | am anxious the
bill shall be perfect in all its parts |
ask, therefore, the Senator from Penn
sylvania that he will not press the bill
TO a fnality to day, unless we can
agree to the higher rate Of 4 per cent.
interest upon the bonds. This done,
the bonds placed upon the provident
and thrifty laboring classes, Govern.
ment will have protectors OF its integ-
rity and defenders of its honor better
than aught else that can be had through
financial sources.
Mr.. Blaine. Mr.. President, | do not
wish to dctain the Senate from vote,
but | hope Senators will look at the
practical operation of this bill, if it is
passed, as matter which has been re-
ferred TO several times, but which |
hardly think is yet fully appreciated
We are attempting a popular loan
somowbat o,,er tho vorv snccessf,,l
seven thirty loan and fivc-twenty loan
the bonds IL small denominations 40 M
to be within the reach OF persons Of
humble means and small savings.
Tbev arc 40 he offered 10 the neonle a.
varions denositaries and nnbIic nlaces
for snbscription Tho man who has
s2b and invests ia assured bv the
Cashier of n National Rank that when
his semi.onnual common comes due ne
is ooing 10 have tortv. Ave and five.
eighth cents Maid him. and the man
who invests $50 in n bond will get
ninetv.one and one. .fonrtb cents. Now.
will the honorable senator from Penn.
svlvania or the honorable Senator from
Missouri please tell mo how that is 90
ing 10 be maid?
Mr. CockreIl, am not in favor of
it at all, sir. | want an even pay
ment.
Mr.. Blaine. The Senator from Mis-
souri, wants it, | believe little down
ward
Mr. Cockrell. Yes, sir.
Mr. Blaine. But will the Senator
from Pennsylvania, who has the bill
in charge, tell me how these coupons
are to be paid2 There are three bonds
specified. You are to issue one-hun-
dred.dollar bonds, and iifty-dolar
bonds and twenty-fve-dollar bonds, so
as to bring them within the reach Of
persons Of moderate means. We are
all anxious to popularize this loan, to
spread it far and wide through the
country. Those are the three denom-
nations, and coupons are provided for.
On the first the semi-annuaI coupon is
1921 how do you propose to pay it 7
Mr. Wallace. OF course the answer
is, practically, you cannot pay the half
cent.
Mr. Blaine Practically the Sena.
tor answers Won cannot nav IT, On
the next the counon ia ninety.one and
one.fonrtb cents This Il a little more
imnraoticable You might rake up
some Of the old half cents that used 10
he coined bnt n ouarter cent has not
we beIieye ever been known in this
country Then ON the next The real
nonnlar loan the so5 bond assimilat
inc pretty nearly TO the French bonds,
Won have forty.fiye and fiye-eipbths
cents for a common. Does the bopora.
ble Finance Committee. with all its
wisdom-I am sorry tho chairman is
no, bere-,ronose ~ issue n LOT OF con.
mons in this country and nut on their
face that shall be paid on these cou.
mons tortv.five and five.eiphtbs cents ?
is il a practical common sense way of
dealing with the American people TO
saw that Won are going 10 nav tortv.
Ave and fiye.eigbtb cents TO a man for
his money. or that Won are going to
nav ninetv'one and one. e.fourth oents7
The a ner cent smootbes ont in ex.
act accordance with onr coinage, A
hundred. dollar bond has a semi.annual
common Of 40 a fifiv.dollar bond has a
semi' annual cornon of sI and a twen.
tv.iive.dollar hnnd has semi.annnal
cornon ~ half dollar navabIe ac.
conptable easily handled adanted en-.
tirely to tho wants and wishes of our
people.
wo,, 70 rso resroc,f,l longuage
h,. 4, A. soon, ,o no ,ha, 1, wosId
So oI hn, :, i;,,le @ % sbor, of sat and nalnoblo
oS.,,,I;,'' ~ DsS go ~ noss ,hrnm',h hore h;lI
s'~ sosa'esy 49, ~ ps" - mL;th moora az.
w.; w. = PVPaii ,,;ii ahso'.h [ hnndrods of nil
pov.'n W." 'h,;o ao a., 49, ,o,n..,, ~ u
u1 ;,s =, ,o ,av suO ond sS. &C. - oh,Ss i oon,s
wv ,o n,J S u uo,,o. 80 ,'nns
counons hone wo sball rive The
neople sometime which tbeycan under.
Stand and thai we shall Give them
something as good as we have offered
In the Lowest loan that has over been
taken in this country
Tho prcsidng OiIicer Mr. Mitchell
{, the cho;rN 1,ho ouestion ia nm the