Daily globe., 1879-05-27
THE So CERTIFICATES.

The Banks Dip in Lively-Men and Women
Boys and Girls Employed by the Hum
Future Arrangements.
There was an astonishing scene at the st.
Paul post Office yesterday morning. It was
announced that $4,000 of the ten dollar re-
funding certificates would be put on sale at
9o'clock. The syndicate in New York having
made corner on all the National banks in the
country by taking the entire issue of four per
cent. bonds, the banks, as . measure of
self protection, are eager to secure the
ten dollar certificates which can be exchanged
for bonds. As the banks must either put up
four per cent. bonds as security for their circu-
lation, in place of the called bonds, or if they
do not supply their place go without interest
after the LIST of July, it becomes considerable
OF an object to obtain the bonds or their
equivalent. In order to bring the government
nearer to the hearts of the people it was de-
cided to issue forty million dollars in ten dol
lar certificates, making popular loan
which could take the place Of savings
banks, etc. The sale of these certificates closes
this week and the banks having been cornered
by the syndicates are now turning in and try
ing to corner each other on the ten dollar GER
tifcates.
Up to Saturday the sale in st. Paul has been
reasonably quiet. Either the intervention of
the Sabbath or some other cause aroused the
horny handed bankers to put forth their big
licks for the Monday onslaught. By the rules
highest amount any one person is allowed to
buy at one time, but the same person may
buy repeatedly during the same day if he can
secure second or third turn. The bankers
accordingly employed men and women and
boys and girls, indiscriminately to buy for
them. They form in line, or attempt to, in
the corridor and about forty ct time were
admitted to the postmaster's room. As they
approach the table where the sale was taking
place bank officer or clerk supplied each one
with 300, and the accrued interest, which on
yesterday was sixty-tw0 cents. Then the pur-
chase is made, the bank clerk or officer watching
to secure the certificate as quick as the purchaser
has been Is cents an hour, but yesterday the
First National bank saw Is cents and went it
better, paying each one 50 cents for each 300
worth they could manage to buy. The sale did
not begin until o'clock, but at 6 o'clock there
was large crowd in attendance to secure
been left on Saturday, resolved not to be out
bank bank had 800 ea purchasers o ON hand. md.
The Second National and Merchants
National each had small armies in the field
while the German American and Farmers q
not resist the temptation to take . hand in the
scrimmage. As the hour for the sale approached
the crowd increased and by Q o'clock there were
probably 1000 persons. participants and spec
ulators, in and about the building. The spa
cious corridor was jammed almost to suffoca-
tion and the crowd became almost an uncon-
trollable mob. The rush wss 30
great that it was impossible to keep single
line, and though admitted by the police and
postofice authorities only in single file, they
surged up to the door in lines ten or twenty
wide. In some instances the police had to
resort to harsh measures. One man was laid
out fiat by q polceman's billy, the policeman
thinking from his manner that he was about
to draw . revolver. Another was dubbed on
| the back, out of the building, and the collar
ing and jerking about of those who would
not behave was too numerous too mention.
Sharp practice was almost endless. One
bank had forty boys in line at twenty-five
hired the entire gang at fifty cents for each
purchase. Another bank secured thirty to
forty girls to march in together, and they
were the only ones who did not have to fight
for position in the line. Those who had been
in once would surge up to the door second
again, while others in the rear had
stood for hours without getting in at all. 1t
was literally every fellow for himself and the
devil take the hindmost. All postofice busi-
ness was suspended. DR.. Day and all his
clerks could not clear passage way to the
boxes and mail could neither be delivered or
received There was imminent danger that
the crowd would break down the large glass
windows in the corridor. The more certificates
that were sold the greater and more clamorous
the crowd seemed to become. At quarter OF
eleven DR.. Day notified the rear of the line to
leave as there were not enough left to supply
those in advance. About hundred retired on
this invitation. Ten minutes later he notified
what had been the middle of the line that they
might as well go and another hundred depart
ed. Five minutes later he told the head of tht
line that the certificates were oil gcne qualify
ing a.. la Pinafore by saying anearly
all" The doctor proved very true prophet
for not oely were there none for the outside
line after he began his notification, but twenty
or thirty who bad secured admittance to tn
postmasters Office filed out empty handed
At ten minutes past eleven the sale wa
closed, and the bankers began to gather VI
their bags of money which they had been nm
able to use, ani the bags of certificates whic
they had bagged, and departed. There wa
probably one hundred thousand dollars in tn
bags of the horny hand bank grangers, read
to buy $40, 600 Of the popular loan. As a mat
t ing 90, COO being reserved for quiet sales
those who really wish to purchase for them
( selves.
t There was report that one fellow bougn
his hundred dollars worth and decamped witt
out surrendering, but, if 80, the party losin
prefers to keep still rather than have the job
r ON him.
, DR.. Day is getting his second wind to-da
but expects to be able to resume the sale t
= morrow. He don't propose to blockade tt
d building again and accordingly ma kes the fo
Q lowing announcement, which will keep Il
f crowd in the street.
FOR THE FUTURE.
= = To the Editor of the Globe.
r Owing to the rueh at the postofice this NOR
J. ing to buy the $40 refunding certificates
Il tirely blocking up the access of the public
: : the boxes and delivery windows-these certi
Gates will hereafter be sold from the window
the rear of the money order office. 1t is trui
ed that this arrangement will accOmmoda
those who wish to buy the certificates and st
leave room for access to the postofice for t
.e public. Respectfully, DAVID DAY, p. M.
ST. PAUL, Msy 26.
;. ELSEWHERE.
The scene in st. Paul, yesterday, is bel
repeated throughout the country. On Sat,
4 day morning the crowd commenced gatheri
e. at "a. n. about the treasury at Washingt
&. and before 9 A. N. two Thousand were preseI
- There were repeated knock-downs and DIR,
e. outs by the police, but keeping order was i
h possible. The crowd took possession of [
hi building. The sale, however, only aggrega,
$15, 600.
ARCHBISHOP PURCELL'S DEBT
Conference of Church DIenitarios-AnA A
% dress to the Faithful Asking for Aid.
~ ~ NEW YORK, May 26. "A private meeting
in bishops, who came to York to attend the cat
raj dral dedication, was held tonight at Cardi
y, McCloskey' 8 residence, for the purpose of