Evening star. [volume] (Washington, D.C.) 1854-1972, 1878-04-22
Interview with Secretary Sherman.

WHAT HE SAYS ABOUT HIS LATE TRANSAC-
TON IN NEW YORK. GEN. BUTLER'S STATE
MENTS IN BOSTON, ETC.
Secretary Sherman, upon being asked by a
reporter of THE STAR to-day about the state
ment made by Gen Butler at dinner at BOs-
ton, reported in the morning papers, said that
Gen. Butler must have been miSrepreSented
or had fallen INTO several grave mistakes IN
regard to the loans. 1t is not true that the
people were buying four per cent. bonds at
par at the rate of five millions a month: for
the whole amount of sales of such bonds from
the lst of December to the 18th of April, the
date of tie contract, was $5,69S, Goa little
over million month and it is not true that
such bonds are authorized. The bonds sold
were AZ per cent. bonds for fifteen years, and
they were not sold at par. but at ~ per cent.
coin, or the equivalent of l02tl currency which
was the market rate that day, and about the
equivalent ut OF par for per cent. bonds. The
truth Is, that since the contract was made We
are selling per cent. bonds very rapidly, hav-
ing sold $lSll, l50 in ten days, or at the rate of
over $5,Oo0,OC0a month; and this is one of the
df effects of the the
AS to the story that Mr.. Sherman was sum-
moned before the House committee on bank
ing and currency, or withheld or concealed
the recent contract with the syndicate for the
sale OF II per cent. bonds, or its terms, Mr..
Sherman said that he had not been summoned
before the committee. The committee know
readily respond to their request without for
mallty, and that no summons has either been
issued or is necessary. He received letter
from Gen. Ewing. acting chairman. and
promptly answered it, encl0singa copy of the
contract, and previously a copy of the same
contract had been given 10 Mr. Glover, at his
fifty million dollars of bonds, of which ten
millions were subscribed for firm, to be paid
for in April, and for the balance the associates
had the eacIuSive option at the rate of five
millions month, but upon condition that
that amount should be sold and paid for each
month. In this respect the contract was in
AZ per cent. bonds, under which $2000J),000
were sold. and similar to all the contracts
made by The government for the sale of bonds
So far from there being any cOncealments the
contract was made and the whole negotiation
was III the presence OF half a dozen leading
financial officers OF the government, was
known and recommended by leading bankers
who were competing for the loan. was read bv
number OF Others and has been cOmmuni-
Gated to Congress. 1t is as certain TO result
IN acennating in 1T the Treasury by the 1st Of
January next Spl,.UDUOJ in coin. net, as anV
contract to be fulfilled in the future can be-
INVESTIGATING PAYMAsrER CUTTER.-The
Senate committee on naval affairs began to-
day investigation Of the charges against Paw
master Several witnesses were examined.
and 1t IS expected that the investigation will
occupy week OF more.
PERsONAL.-Hon. Curtis H. Brogden, of
North Carolina, is convaIescent from his
severe attack of malarial fever. Mrs. Ben.
Perley POOre and her daughters, left this
morning for their Massachusetts home
Indian Hill Farm near Newburyport. ''''
Judge j. w. Wright, goes to the Hot Springs
OF Arkansas. April 10Th, and will be accom-
panied by number of healtf-seekerS from
Washington
AMONG THE CALLERS at the White House to-
day were Secretaries Evarts and SchuGz. Sen
atOrs Matthews, PlEmb and Kellogg, and Rep
IeSentativeS Dwight, Robinson Haskell.
Lockwood, Phillips, McCOok and Sexton.
THE FOLLOWING CHANGES in the stations of
medical officers L. S. A. are made: Surgeon
John Campbell from duty in the department
OF the east to duty as medical director of that
department, relieving Surgeon j. +. Head
who will proceed to Boston, Mass. and assume
the dulles OF attending surgeon and examiner
OF recruits in that city: Surgeon r. II. Hamil-
ton VIII report for duty in the department OF
the east; Assistant Surgeon l.. Y. LOring will
report for duty to the superintendent mounted
recruiting service at st. Louis Barracks.
The Naval Examining and Retiring Board
reconvenes next Wednesday.
COMMANDER THOs. o. SELFRIDGE is de-
tached from the torpedo station, and ordered
to command the Enterprise on the 25th inst
relieving commander Geo. C. Remy who is
placed Oil waiting orders.