The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-04-19

The subscription for Sl5O,0O0,0O0 OF 4
per cent bonds in one day by the New
York and Boston bankers, and also $40,-
1000 Of lunding certificates, making
aNNlOOOO in all, or within $i,56G, 800 OF
&evhoIe amount Of 1910 bonds outstand-
Ing, is something that has never before
been witnessed in the history Of finance.
Athe beginning Of the present year san
rine persons predicted that before the
int Of January, 1850, the government
Toul succeed in calling in all the 5-90s
ca which its option had matured, and re-
Phdny them with the new per cents.
No one expected to see per cent bonds
NllI the rate Of two, three, four and FIVE
Millions per day, but in this, as in so many
cher matters incident 10 the long struggle
d the government for the preservation OF
ID existence and its honor, the actual re-
salts have far exceeded expectations.
he,hrewd tinancicrs who took this one
Aanlrel and ninety millions in one day
AU that they could afford TO comply with
tie terms Of the new loan, by which a
premium Of one half OF one per cent had
been added to the former rate paid for 4
per cents, and accordingly they held a
consultation at the close Of business hours
IN NeF York on Thursday-the first day
on which the loan was otfered-and agreed
thai they would close it out by grand
""p Il gmcc and market it out In small
IaNsb in this country and Europe.
By this exchange Of 4 per cent bonds for
) per cents the government will add a
avlng OF $l,9OO,OOO in annual interest to
The millions otinterest that it has already
aved within the last year, and the bur-
deas OF the people will be lightened just
aat much. The confidence begotten
anoag capitalists in the good faith OF the
atloR By the upright and straightforward
Pncy Of President Hayes administration
q" been worth more in solid cash to the
e"pIe' saying nothing Of our good name
throughout the world, than all the patent
a'''Funs Of the currency tlnkers at Wash
nst0n would he worth in a hundred
years.
Despite the strenuous endeavors that
ae 'Hdationists have made to tie the
lands OF Secretary Sherman by some pro.
',~ OF other, he has managed to get
4eaa OF them, aud not oply bring the
%'a'Fy " to specie payments, but cut down
lelnleFest on our bonds TO the extent
Galll'ons OF dollars in few months. He
S"II threatened with legislation of a
S'aacter calculated to excite distrust,
=, "a' he cherishes sublime faith that
~ %e popular feeling is so decidedly with
Ss administrations financial policy that
S"' be able to keep our paper at par.
:. %sNS asked on Thursday whether he
u0'sht the pending measures in Con.
- s'eS would Interfere with him. He said
"s '.'a 'noGSh' not, because the common judg.
aea' Of the people is against any interier.
meets. ""A''"' "''"'e'
nm. yur notes are redeemable In coin and
eS,s. eSr U0aas nd. are at par with gold. Our rev,
S,ssai TSs are increasing, and L let alone oul
onS S.al !. ~ condition will be more prosper
M. IN uaq 4l ever before. The statistics show
Is,Si I though we are upon coin values
T"a.as Ooa. staples have advanced in price
tioS o' ol the industries are in full opera
Ill, SI anu new industries are constant,
NJ 'E ssS EsSHFted, amin condition where
,S,s M 4Ju .G sPPreciate these things, and an
SsnSa @ taa Congress itself, whatever a feV
tbiU" biess may propose, will not do any
SoH9i,,!o @ % disturb the present improyinl
N'4u'ton Of business.
so1.,,. Tug wheat crop, in oil parts Of thi
SSuuty, "a Iennrtej az I'll! nj,