The New York herald., 1879-02-02

The subscriptions to the four per cent loan since
yesterdays report have amounted to 81 .G91, 800.
At the Treasury to-day nearly all persons apply
ing for interest have taken greenbacks in preference
to gold
The Secretary of the Treasury to-day made another
call for the redemption of s2o00o.0oo five-twenty
bonds. consols of 1867. in equal proportions regis
tered coupon bonds. Interest will cease on May
/. The numbers of the bonds will be published on
Monday.
The National Bank of Boston, Boston Mass. has
been designated depository of public money to
receive deposits account of subscriptions to the
four per cent loan.
sHERMANs INsEpARABIE FINANCIAL TWINS.
The following statement has been prepared by a
very prominent officer of the government
Resumption and refundng are as inseparably con-
nected as we're the Samese twins. Refunding did
proceed in feeble and sickly way into five and four
andone half per cent bonds. before resumption was
vigorously attempted by the sale of four per cent
bonds. but the sale of four per cent bonds was
Impossible ssloroS until tSs to nt
gold accumulated for that purpose by the sale of
four aud ahaf per cent bonds. What has been the
result? Gold steadily accumulated at the rate of
So 000 COO month and rcfunding into four per cent
bonds proceeded more rapidly as gold increased in
the Treasury, After May L. 1877. and prior to re.
sumption on the 1st of January, 1S79 500 0000000 of
bonds sold for resumption purposes at cost in
interest of S3.925.000 year. During the same time
funding purposes, with saving of 1851 200 year
Resumption came on the day appointed without
ripple. ard since then refnndng has gone on at the
January. with saving of S317S,oS2 year.
The balance sheet now stands thus
Saving OF annual interest by refunding
Loss OF annual interest by resumption
since May !, 1871. ........ 1925, 900
Balance of gain thus far. s2,s24, 7el
Or the interest at four per cent on capital sum of
$70.Gl97,5,
From this time these kindred operations will
produce no loss. but gain as follows:-
On rcfunding balance Of fve-twenties into
four per cent bonds. So. .o61 $50
On refunding ten-torties... l.945 i63
Or net gain In annual interest, includ-
ing amount already refunded, of. IS. .732 O4O
This is but the immediate gain, while the Incl
dental gain is incalculable We have now by re-
sumption fixed coin standard OF value without
which real prosperity is unattainabe.
We have thrift and economy which enable us to
enormously develop our industry and thus secured
balance of trade Of $04 81 last year. We have
reduced rate of interest all private transactions,
making it possible for us to embark in enter
| prises. We have established our public credit and
scattered our public securities among pco-
| pie that they are held by ten times many peo-
| pie as formerly.
| ORPHANS AND VICTIMS OF THE YELLOW FEVER
| EPIDEMIC
meeting Of Southern congressman representing
the districts stricken by the yellow fever and the
| members of the National Relief Commission was
| held this evening at Willard's Hotel to con.
| slider plan presented by DIR. G. S. Mar
! shall, of Mississippi, for the immediate relief
of the orphans of victims of the late epidemic and
| the establishment of a Central Orphan Asylum
| Ex-Governor Shepherd. chairman of the Re.
| lief Commission, presided. The plan pre-
| sented discussed by Representatives Casey
| Young (Fennessee) and J. r. Chalmers (Mississpp
| v. II. Manning Miss H. L. Muldrow. of Missssppi,
and others. and committees were appointed to Sc
a charter from Congress for the establishment
of a national asylum and to perfect permanent or
| ganization.