Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1879-05-26
LETTER FROM NEW YORK.
Special Correspondence.

national nnanclal operations, mas lately |
witnessed some extraordinary transac-
lions. The enormous subscriptions to
the new four per cent. loans made by
our bankers, who, contrary to all prece
dent, astonished the Treasury by taking
the bonds by the hundred millions, wee
events as memorable as they were graft
flying; and the present rush for the new
ten dollar certificate is no less notewor
thy. This loan is foated entirely with
out pushing, or the Intervention of the
banks, and even under restrictions in,
tended to retard its absorption but the
rush for them here is tremendous. The
Sub-Treasury on Wall street and the
Post Office are the points of supply, and
every day, long before the opening of
the doors for selling. the waiting crowd
of applicants would give stranger the
idea that each of the great stone build
ings was some popular place of amuse-
ment at which the supply of tickets was
limited. Of the two the Post Office sells
by far the larger proportion. Attwelve
o'clock to-day we're probably about three
hundred women, men, girls and boys in
line at the Post office, waiting thei' turn
to buy. Perhaps one hundred were
women. The line extended from near
the northeast corner of the building
way around past the cashiers window.
The sales do not begin until ten O'Clock,
so eager is the rush for a good Place.
The supply of certificates is frequently
exhausted by one o'clock, and then there
is long line of the disappointed ohes.
Each applicant is allowed only 500
worth. In order to obtain larger guam
Titles repeating" is very frequent.
Nearly hundred people have been
turned out of the Post Office for this Of
Tense in one day. Some sharp boys are
making quite respectable living by
taking places in the line, and when they
get near the window selling out their
positions to impatient and bona fde pur-
chasers. The clerks have to work like
beavers during the hours of sale, and
sell on an average $3.50 worth of certif-
Gates per minute. All sorts of people
are the customers of the government in
this transaction, though the lower and
middle classes of course preponderate
Some of the investors are professional
beggars. For several days the number
of blind men IN the line was noticeable
and afterwards there seemed to be /;
special visitation of cripples, so numer
Gus were the one-legged, one-armed anc
deformed persons in the waiting throng
Thus far, the sales of these certificate il
New York have amounted to nearly
three millions of dollars, of which
amount the Post Office has probably dis
posed of three-fourths, and the Sub
Treasury of the remainder 1t is re
ported that the printing facilities of th,
government are to be increased at one
to meet this unexpected demand. VIII,
says we are poor people
The Mayor of this city has this weel
been the recipient of a petition the lik
of which am firmly convinced, no may
or ever received before-being nothin!
more or less than the prayer of twenty
six milliners to have their trade protect
ed from the competitive vivlen0U of thief
neighbors. For many years Division
street, between Catharine and Market
has been center for the millinery trad
of the cheaper sort. On the west sid
of this street there were, not long ago
no fewer than ffty-one milliners' shop
! all in a row. AS may be imagined
{ ''competition is the life of trade" in thi
neighborhood. Firmly convinced tina
the world owed her living, the proprie
J tress of each of the ffty-one establish
| ments racked her brains and her re
) sources to keep commercially ahead {
: the other fifty. Of course, it was quit
impossible for every ore of them to sue
coed in this laudable ambition. Natura
: selection and the survival Of the fttes
3 did as usual their remorseless worl
7 and eventually formidable minority
the 81 found themselves slowly bu
i. surely approaching the wall. Up t
t this point, we may suppose, history b
: ing silent on the subject, that the cor
!. testants confined themselves within til
e bounds of tolerable business fair pla,
e That is number l for instance woul
s doubtless tell customer that number
: to 81 inclusive were artful hussit
}. who never paid their bills and kel
e nothing but last years stock. but woul
r perhaps hesitate to go further than tina
t But at last forbearance ceased to be
: virtue with the aforesaid minority an