Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1879-08-02

II
8 4 halt cf 6sls I,,r etsllt for the who'll
tllA amount ia bel Issued nnder i
: fshnr0md H9fnnfa HunfIrad nail1yona n
< FES1 use tuE tASW bonus iOr any Otn6
8 puFls than to cancel old bonds
/, csAteu IN. Now Clearly the Congress
of lS70-1l and the Grant admins
ration or those yeNrss together with
Secretary BQutWeli, are entitled tC
!. sne credit Of thai legislation. Mr.
: onermstn cannot claim It,.
BAlf sherman eunningly and
81 earefliily Puts e about tiiat his pre-
s. ettSspis IN once oniy fundeq IN
. slle'Sss q mounts 1oliowing;
MCDOWELL to March, .s26o0o0 OOO
aTases. g Jupe is5 is5 s759
TarrfIi "a sfaFi,. 'Isg 1s97 m SSes ~
= l--Ss Z :
iso
In the ab0ve-mentiOned sales are
i Included those made under sthe re-
> sumption law Of 1875.
81 IfatWas the condition of the re-
funding process when Mr.. Sherman
n too kschafge of the Treasury, and he
now declares that on the 1st of next
4 August this wilibethe condition of
It:
4 sVi,..s ,,s.. z lssrts ooooo ooo
4 Foura and a half per cenfss........S iS5,O0O,O0o
ssair per cents 7ll,O22'OOO
y 1lots.l 81 .se6.022 600
4 IN addition 10 these salas tho
Z (y4sapsSha elrare of Maina n1ay no
II orrafi 5lsi5 oarnou, tbat tbe TresS,,r,,
has znId nnder tba res rasnnantion mr. Iaw
land to bnv for redemn4iop n,lrnoses mr. ars !,
gold which lies1a the Treasury an
\ inert mass new .5bhnds III the
ansorpt ~ eiaa. 600 non
Thns M 10 sarob 1917 mr..
Shern1ian,S fssrndncessors In the
TreaS,,ru l bod sig ;,ro,,nJ ,,,,1has ~ .e
for fnn3ino ANA naa .0aa u,h;In IL
the sIhseda5a5af two and a nnartar
wears Sherman has sold for tbe
same ohtaot SSe 900 0O0, maxine q
total of II 996 as 000 How clearly
this shows M sSherman,s oenins
and the st1nidi{g of biS nredaceS1
sors Is Tins setsforfb in . letter to
the Now " IL T;TnaS
"TTn tofF o. neriod Marcb 1877
the. ref.,n,,ss of fha nor cont |
bonds uaran.s = carried an in the
routine Resnner4 which roarks the |
oondnot of business In all the exacno
five denarfmenfs Of the Cavern
ment Contracts wera made for
nIac;no fha navv honiS and Syboo
that u3ss dona the T,reaS,rr nonart
ment natientIv waited gnt;I The
svndicate bankers evebannad the
bonds and refnrned the old ones to
the department for indentification
and cancellation practicaIIv tba
work of ref,Indin0 was diracted and
carried on nv fhn svnd;cota ana tha
eaIas Of tbo ,1aI,, ho,,ds 80 49,,
froIIed nv tbat hodv of hanlJerS
When Secretary sherman took
CHARGE Of the rHreasnrv a decided
chance i'm the administration of ito
affairS soon hacanoa vieihIa Tba
] rn1tino % h''s;,aS &c tbo dnDo,.t,,o a,nt
NC t,,,sod 80 o.;n4,it
Saorott,,;ao 90 Nr, ckn.,,,,9 80 rsrl.
orot;caiit1 d1,x1atad ~, Il hitaonif 'o - tril
5nraneraf fians for The roonn,,1tin1 1i,a Gf
snecie navmants on Tannerv 1870
and to the sale of refIIndino bonds
The sale of Al ner cents was nnshed
with q vi0or that startled the hank
ers and RronUht them into acf;va
connection for possession of the
bonds. The eagerness with which
the bonds were purchased at home
and abroad convinced Secrntarv
sherman that the credit of the
United States was such that its in
terest-hearino debit c0uId he refund
ed mad naT cent hond and or.
eordingIv he withdrew the "A ner
cents and announced tbe solo IF A |,
nor oantc This hold nol;cv oston-
isbad tho banl~arS bn+ ae tho affact
IF IL was to nIace nranninm on Al
Der1eents thew saw at once that the
Secfea4rv had seized the onnortune
tinqe, for issninp that class If bonds
andfke comnefition for the control
!. ff.lssr saln E,as wore oot;,,a fban
\ 80, fo| tbnsa haar;,,o. ,,,s' .
s ;obey.2s|s |ste ~ ;otareSt y
I've NAV leave fhe friends of
CRAMPS adn,inistration to answer
this arraionmen of its efficiency
T Of nc b6,,o tba+ +ha ,1oY,;o I,,h;ch
iLo o1ddon oo+;u;t,, 1T '1 of NRr ii Gbornoon w
o+od onoono, az y, + hnni
orc o, 800 ,naT hoMo he hod noth;no, nlo.ho :" Do
H1-;tb tba raoo,,+ S,,ddo,, doot6 of
1a~on y avao 'I Tionoi dn pothaoh;ISI - '''ii VI
mr. [-nod ,1oaI,Io of 0il,.tIo ,.;II
dotact U~ 500 piG p;m5;6oon+ 20 dotos % ~ Tta tha
,,roorosS nf +b ~ saio af go I3 Gn1,orn ~, ,rr
fae5t bonds 11 Tha I'e1 oraa+ Ua ,m %rod,,c;ng
Sontb rastorad 70 m tie Tn fTnid,1 in Ia7f
contrihntnd 70 +ba nIoctfnn for tho
6rSt tine in fonrtaoTo 20, IJn3rs ~ of
NO. Tio,,,ocrat;o - uo"no ~ 9orrn,son+a 9%,a, ~
t;E,as Tbis ,,oe, =, tSa Elo,t., of3U fo,,rth
Son1roOe ,%,;oL e - ,,1et . - ncoonohor
Io9t H. "lSl0 U'ata ,ii oion4;o ~ ~ tha
a,,+,,r 80 % nf 1o7e oda pip01 - aIoon =, at
;n Io7a % +ba pe & Conotnard | AZ onontroI o oi of
tha Io@;sIotiya s nc1 o aru &c sitT tha nafion
,Iro,,I5 rn0 ho no,otio Pomot u M mSor,its % -
thot corto ,1f,, oF Honioc,otin SI nnntroi VI
~ it'''S Conr W. sa.S - boan"a ,lnsSihio 70
~ a. &c, oo+ ~ Jteli@ "oIo VIoao,~ 80 r W
fn"rS ond nd hoif ond fonrs ~ si'o Thow T~w
nonld not bowo baan n,ado undcr
fbo donSinot;nn of tha Inot;onaI;Sna
Of ~ tbe % Pon',hiinor y, ,art, sat 9io'''i''"'
Va M w SIion,s,n nDaC,i pay oIo. ,,,o,o
IL ndt' .1a oi1liiiati 4d gIeae oaleo WIZ
ilia.t9 Et 9 afh rn eine uoliiI,id'lUn d Vi th th
ina ml'" &c Fo 4I1 80 sso4 allu unHG, nIe;UI o;
mhn 1ri1loU 0aoo1o "a &c ti! Nro;nn AI@ ';,i S9n aI
adto ne PF4Pie pf tPo+ ~ Maile wiz iil"Ae -"
M NJ " rLnn iilSU oh1od oo..,;, not
-. u 'D,Iei bia tiIm saG JiiaDteh pet iin
W Will