New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-07
GOVERNMENT BONDS.

EXTENSIVE ORDERS SENT TO NEN-lOhh'
iSvEsTsEST- o. WESTERN FARMERS AND kAstH''>
CAPITALISTS AND COMPANIES - CONFIDENCE
THAT HE INTEREST WILL BE PAID II GOLD
The demand for United States bonds has
been unusually .rpa- for the last few csFs thr 'o'''
sales BY single bank in this cy FOR one week asSte
eating 10000 mostly for Investment Three CLERKS
have h,au kept BIS, A, the First National Bank nng
r., ORDERS from outside city. principally rom the
West II = state. hat fully ons-0lrrn Of tlis mas Deh
or De. ceat bonds. Of Denominations o. 500 ana e1V'
20 - di4tib; aI1ons farmers and others haYlh- st'
MINIS 20 invest. AmO1, the orders received Iccsi'
,sone Of s2Ao 90 from Omaha. Of 100000 from
gin, company in SewJersy, and one of $4,000 from
Philadelphia
lara orders were received yesterday. for several ~
the i.sues. intending $4,000 new S., 100000 CTS
aud nearly 500 900 - The daily sales o. bonds by one
bank now average 81 100000 IL il said that two New
York capitalists, who Ia been oanng money or stocH7
AZ per cent have Withdrawn their capital and yester-
dav they invested Jointly nearly 100000 IN Govern
meni bonds. Dealers clam that panic IN tue Dond
market avoided by operators anticipating the pas
sac q the silver Bill AMI adjusting business TO H. and
a further decue not feared at London or rankior
Holders Of Government bonds express confidence IN
The belief that Secretary Sherman = not inclined 10 pay
the prinepal or interest n silver and II he they
claim be would not able DO 80 for nearly two years.
large operator In Government bonds said. YESTERDAY
TIA, there was nothing In the silver Act that governed
thi. matter and OF the Treasury was
left Zee to carry out whatever policy might be deter
mined upon o. the President and hs Cabinet The res0-
ton declaring al bonds payable In silver, when was
pa-ei by Congress prior 20 the enactment OF the ,Fef
law was only an evpres-ion u opinion, and had no bnd
lu Oh the Treasury Department H;aereiy repeater
in the form OF r-1utiO what ~ author stated a. MS
understanding 81 the matter IN cOnYeT'4toh VIZ.
beIs of ;Lr late syndicate a early as NAV i't ~ "a
time The syndicate decided upon requesting an ettv
Of opinion .rom Secretary sherman on iAis ~ Je T.
and correspondence foo~ed watch has since oeeh maze
"a subject al Con gres-ionai inquiry. . ,.-, ,
The letter sent Dy the syndicate on June - She na-
Ie c,. % ~. et IT, yit}. e 1,'. aid:
|, We are o. have SILVER dollars. with Unlimited ten
ecIvaIs for dnc-. and frcn necessity 10th interest
aud principal 81 IN public drht must be paig IN sNr.
cold vii disappear. Ihe market WILL advance iol
time. the yaiue 81 silver 20 The disappointment - th
advocate depreciation. But when unier De Fs7'
rpg.ia. % world. silver again declines W. efet.-
t,,rf rvfi. AMI II while re.torin, sIyer, still
pag go!J on the bonded deot, he discrimination con
80. ,.f,,t ,..auIt- against the - favored class"
There -horid De- one and dollar for the bond
hocr and for every other creditor, public ana private
nd f,r cyerv Eorkin.rnan: And that. the dollar OF
y,tfrra and stable value throughout the world. and now
OF crt., purchasing power, god ANA the people, tAe
i-i-, 81. fl. -ari.r- arr most Interested ~
f.rrg tle cod standard sud the DondL 5fcf- nor
I The uiu,.1Vucfs NOT tie merchant, odhAtfs ana
trte-s for the u.dde-men can protect Themselves,
We seem 70 repeat the experience o. Ten years ago.
when u . URGED on technical rounds, mat hy.-iFer-
Ties Is ere payable IA paper. whereby cur credit "As
gr,lty u.isl.d II va Lot U4t Nay. 500 after IT,
f,..lLc %. he Cfcd-t So. that The sr,ht advaEct ID
United -ttte- bond, marked the sound policy 81 that
honest Iea.dr+. - now, w1he your l!Oposi'i,h ~
Fut th- issue ~ The silycr dOlA--tokcn DOLLAR
vail rrc-erye the public fiith, ibose VINO Wlsh
for 4 drpr,catrd dollar viii boz satisfied with nOtLiu
I-s Therefore whIe tie publ, mind j. BOT yet made
u-, ve need A pLaiic declaration from the Admins
tf1tou winch vi crystalline Intelligent anu hDh.st
sentiment. Tat by bubble ~i4 %" Government IN
d,rfk, - repay 10 silver til Suns !, no" seeks 10 Dog
roq, m gid Thon j. tn sucro q the Is assured
and with tIdt, resumption 10 l-71.
SECRETARY sHEEWsS', REPLY
Secretary sherman cacl tue attention u the Cabinet
20 tie matter and OF tie next day Ia forwarded this
r.f,T.