The morning star and Catholic messenger., 1879-02-02
EE EJCR PEE CENT CSITED STATES
BONDS.
- -EEE POPULARITY : GcCo THING Eog TEF
NASCEACTCESG A>u PRODUCING
EN-EN--Sf
Cz..-a- EE--.=.

l--e---z--
Day after dag II= telegraph ano"z7css 'Eom
Icvssiec il Sal-c-al fo1r per ce1E bonds
S2Is 6s!s !. II fo1E u.i-icu-, some EEe, s5G=
: L acc 20 o. p s. EE- a. fit==1 G!L;oz-,
aT=1sgcE fE!.y ETs n..-Lo-- per day. EJa-
Pe- Cert peg ar1uC i very .o< rate OF LITER
esc- sod. even Considering E.s faes E4ss Cae
bonds axe Eos tsL=d, il - c-l! &c 1.vsleus Eh=
eoGuEry oTer % = o. t Per c=o5- TIE Icves:-
meets s5e go.rg OF daily a. zee -a-= ra-ed,
s. Oi9 40 c. 80, scd aoozld i: c0a..r1e a. --aE
zass f5c one h1uc-sd Gsyz from lte beginning
E0C.d absorb ns.E : -e MONEY CT E1e colc .ry.
Nv Este OF interest is soneC-i-E re
n-Arzao.e for c21atry ~1ich has j1s= "a srest
e-ro9gu 80 gcsa' t1aaocisi s:raEgs- and
~z!cn As s1ca Ersas facilities foE sgcgca-E1re
and uar afAcsars AID development CT mineral
AID osaer Essoo:c=s- TcI4 fac b=irg cSCsd-
cred tie qzsssIcl rs:a-slly arises. W5v il
t5isf WEy, vita gress uadeyelopSd West
sad Sooth, with great UndeveIoped crueraI re-
sources, VIE ths greatest oppcrEuLi- y for rnso-
atsctarers. wise every Esiog ID favor invest
nenss in these IiCes, are She people of the
coautry p7.EinE theIr nooey iaEO Ihsss per
nscerE securities which 90 ro5 prod ace, bat
simply pay low rate OF Interest sCd ~ ass
vii be ths res- l. aIo1 Lae nso1fsc:1rirS
AID Procuc * IcrezeeCs ct E1e co1a.ry l.
C1fs'n su answer - tEis important g1a=:iuo
81 kEGEiTe- reporter Was Tezrerdsy dispatched
10 Tat6c ssrees 20 obsaic tee views St cone
bs1kSrs ard rozeyed u.ec cf Ede cJcy.
TIE trsi victim OF TIE interview Ess Presi-
deas Falls, Of TIE Aercsaa5's Nation b Bank.
Ar. FAilis - c.o=e student OF financial aIsiCs.
a1d g=n;lene1 OF !ocg ezp=sis nee acd EIaG-
~ ples-aas way Of p1tE2cS 5is !cecs bsto.e
yoa. Re seste6 kilsef 5efoTe glowing
T0ushiogheny IRE, and, looking ist1 TIE gTss-
If foc answer, replied
II have thought OF thst Dgsef Yes the
answer = simple. Tee money taa5 js EoCs be
i5g Invested Is not being locked up; IL Is sim
ply paid o1s for the SIX per Cents ~1icl are
b7irE called in and TeGee ned With i, aad goss
INN 7disEe!y into cjrcaI.sion aSaIa. Tnen,
too, resumption vas 81 i1dsIiou.' Il pat into
circalAtIou $50 0Cl 90 of silver da5dies, the
material for which VAS rot money before, aud
$3.50 GO CI0 in gold which had not beeo n ci=-
culsEion, and 80 there IL really more money IL
the couutry nov than before. Taeu. too.
whenever the misunderstanding, or azricuita arai,
OF mining interests demand money to pcsh
them forward more rapidly than ncE, then the
demand will be feit IN financial circles. Shoold
the rate of i teress advance on account of this
dem aud, or the opportunity develop for greater
pro6s th an per cent. less taxation, by these
means the result vii, be that the bonds will be
thrown on TO the market or pat sp ss collAter-
sl and the money thus raised. Sho1!d such
thing oScCr, these bonds might sell readily at
par for per cent. Is low interest When m anu
featuring interests demand money, but they
will always bring money. The unsafe coudi-
tion of Gbe Savings Banks Of the country in .
great measure accounts for the readiness vita
which people invest in these low secQrities.
They, they know, are safe, while they have
reason to doobs whether the Savings Banks
are The great secret of the whole matter,
however, of the great amount of money in the
eoantry, OF the readiness with which Tesump-
tiou was accomplished, aud Of the heavy in
vestmerts in low securities is the fact that q
kind Providence has blessed rs for several
years with excellent crops, ard the foreign de-
mSnd has given us good price for it, 50 that,
instead OF sending away $500 coo 600 year TO
pay interest aod bay man utact1rsd articles, the
tide is the other WSy, and money is flowing
into the country to pay for what we have pro-
duced.'
Mr.. II. N. White, President Of the Fourth
National Bank, was the next victim. He said: