The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-01-02
WASHINGTON.


WASHINGTON. '''' '
'h ? q CALL ron rIvE-rwESTIEs.
WAsHiSeroS, December 3l.-The cal
for ten millions Of Five.twenty Bonds, Sc
riesof 1867, toRlay2is regarded rs JqGitt
significant. This is the first call for that Sc
7Fies, and viii take good share Of the pre-
MUM off ,otthem. This caIl Is regarded
as an official declaration from the Treas
ury that the rate OF interest on the public
debt will be rapidly reduced, which the
Government has the right to do and the
power also as long as its credit is sufficient.
ly strong to float four-per.cents. d FL
Secretary Sherman remarked to-day
that he hoped to call in all of the series
Of 'G7, over three hundred millions, the
coming year. He now anticipates that
the demand for four per cents would ena.
bic him to do This. It's no secret that il
is the policy Of the Administration to re,
fund all the gold six per cents at four per
cent If the demand for the latter class oi
bonds justi6es it. This reduces the inter.
est burden one-third, and Secretary sher.
man received, to-day, many warm con.
gratulations on his success. 17 . I' .t.|
"a sSIEs OF -FOUR PERCEEm.lE
Upon closing the books OF the Treasury
to-day it was shown that the sales of four
per cents for the year amounted to Si2sI-
67S, 900. Atthe rate ;ofdemand for these
bonds the past few weeks Secretary sher.
man counts upon more than doubling
these figures next year, That the first
cali for the series Of 1857 should be S1O,.
900, ,0OO-when previous calls have been
$780, ,OOO-is regarded as evidence that q
vigorous refunding policy is intended.
OF the bonds heretofore called about
$l5, 600 OOOzhave hoIBeen presented for
payment, the erspreierringto lose the
interest for time than to make sudden
investments in other securities. Large
holders Of thesi per cents often complain
to Secretary Sherman of the refunding
policy Of the Government, and urge that
they De allowed 70 1raw SIX per cent IN.
definitely, but the public good Is thought
to be best .servedsby a lower rate, when
money is freely offered at four per cent. /;
A sELF'ExPLASAToRY NOTE FROM SENATOR
.............. THURMAN. $1,000. 5
The following letter is seli-explanatory
r.r WASHINGTON. January / 1870
~, .1y N TIL. rL,,;..,r,,, O., y -.
iO,:' " L,:sD;,at;a H.. ~ """ Se'ss' IO"''et s'
= 4"fsS'y"..C"' ~
DEAR SIR nave tho honor to acknowl
edge the receipt o. yours Of the 2lst ult.,
enclosing copy oil the resolution adopted
by your committee requesting me 70 fur
nlsh lnW1nng the1acts and such evidence
rs may DeS IN my possession touching the
matter ihVolyed IN tne amendment made
on my Mopon 70 the resolution under
wnich tne committee ls acting,
vi course the Commlttee does not sup
poseSthat the matters embraced in that
amendment are within my personal
EnoWledge, or tnat Of any man. They re.
late to the elections in every part Of the
keepll pille (ana Ethc ahegaatlons are for the
most partto be ioundin the p!ub[icpress. In
the opening OF hlsispeech nm, support OF
ms resolHtion OF peeemper llth, the Sena-
tor from Name, aislnclly stated that the
resolution was based on the accounts
gwen IN the press. We'll, the press has
teened with statements which, II true,
require INC. me .lnSssll atioia-p -proposed,6y
my amendment, ,andas have no doubt the
members o. the committee read the news
papers quite us frequently as do, It is
probable they KNOW where to look nor
sources source q. mlotnauoh as iulIy as 90,
anu as tney are charged with making In
vestlsattiEMns' stM' ana am not, beg leave,
ifespectluliy, 70 say tnat l take no part OF
II on ny, sn9nqeFs GIG S&pAM
;AeSeruiIe!es me amendment was offer:
ca m eood laith ana with the firm belief
mat the matters II embraces requires in
Nestigatioh guite as mueh aS me matters
contained IN the original resolution. IT
VIII pe proper lor me, especially since the
commlttee mas requested II, tn furnish
such mountaineering the subject as
may from nme 70 time come under my
observance .,f.
! therefore send herewith statement No,
!, consisting Of, g
First, an editorial article cut from this
mornings washington Poa.
second, a copy o. a petition OF sixty
ODD citizens s, ol New YORK 70 the House Of
representatives,. complainlngot the illegal
and oppressive co conduct oi D, John !. payen'
port ana othsr feIerGl officials at the late
election IN New YORK city; and l am
authorized by hon: Fernando Wood, who
presented tne petltion, 70 say that It's state
menus are proven. by snndry affidaSits u
ms handS, ana ttlat ne VIII, II requested
iurn!sh tne names OF the atlantis and 9th
or TS!IS Witnesses st,,. 70 !he same iacts 8 :,