The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-05-22
place on Monday in the Postoflce Of that

WY
"Agreat crowd Of women had gathered
70 rush in ohthe opening d the doors 70
buy four per centum certificates. When
the doors finally opened there was 0 TIRE.
mendous rush. The four attendant police.
men were swept away like foam on the
crest OF q wave. The eager investors tore
each others clothes, broke parasols, lot;
bonnets and bags, hair and shawls, and no
fewer than twelve OF them were at ono
time PROSTATE, struggling on the floor.
Fortunately no one was seriously hptt,
although there was danger for o few mo-.
ments that many might he. This morning
Postmaster James had q full squad OF Off.
Gers at hand In order 10 control the crowd
and prevent mischief. We trust that the
ladies who have so often curled their pref.
ty lips fromthe gallery Of the Stock FIX:
change at the seething, roaring crowd Of
money.grubbers below will understand
now that their sex have learned chow II
Is themselves" Women who want to
make money are very much like me who
want 10 make money, after all. We only
wish that theiair sex had more ways open
TO them for such reasonable acquisition
than they now have, and that thus one
source Of the unrest, the suffering and
worse that beiall women, and especially In
great cities, might be tempered or obviated.
Meanwhile It Is satisfactory to know that
so many New York women who have q
little money arc intelligent enough TO
know how to invest 1t.
Even at the South where capital Is sup.
posed to beso scarce there Is a great de-
mand for these government certificates.
In Atlanta, in Georgia, the cautious Post
master applied to the Treasury for only
5000 worth Of the refunding certificates,
but he has orders for 100000 worth, This
Is significant Of confidence in the Federal
Government, but is not It significant Of
something more? The Southern States,
We arc told, need capital for enterprises Of
all sorts. Why do their own people, in.
stead Of putting their money into these
enterprise, buy certificates and bonds
which pay only four per centum interest?
While VIC rejoice at tie success Of the
government In thus being able TO borrow
money at such q low rate Of interest, and
while we also rejoice at the fact that these
bonds are being distributed to q consider.
able extent among the people, yet We have
no doubt that the day is not far of when
the most Of people will ind it to their ad.
vantageto dispose OF their bonds and buy
homes for themselves, or pieces OF land on
which to build homes. A man who has
saveda few hundred dollars can now in.
vest it to good advantage in real estate,
and while government bonds possess the
decided meritso safety and convertibility,
being always available in an %emergency)s
yet the rate Of interest is below the
average of profitable investment in
good real estate property at present
prices. The certificates are safe to buy
on the part Of those who hold small
amounts Of money on which they are re-
Ceiving no interest, and for which no ju-
diCious Investment is ut present in sight.
Theyare as available asmoney, and in fact
are only another form Of current money
from theordinary greenback or bank note,
and can always be made use OF in the pur-
chase Of property. There is only one
drawback that we can see to their pur-
chaseat this time, and that is the posi-
bility that they may fall somewhat below
par when the demand for money becomes
active. At present there isa great abund-
ance Of unemployed money, and hence
the ready sale Of all safe securities bearing
a low rate OF interest. The four per cent
bonds into which these certificates are
fundable now bear a premium OF over
two per cent. This premium is the result
OF a bull movement on the part OF the
syndicate OF bankers that recently bought
50 heavily OF these bonds and that expect
to market a large amount OF them
on such OF the National banks as hold
called bonds OF the old issue. The
premium may or may not maintain itself
aiterthe date at which the called bonds
cease 10 bear interest. The banks may
conclude to risk doing business for awhile
OH bonds that bear no interest rather than
pay an excessive premium for the four per
cents, because II the latter should decline
TO par they would lose more than six
months interest on them. The banks arc
also ware Of the probability that ii the
syndicateshou drunt the premium up much
higher than it is now the public would
commence selling QUITO them, or in other
words unloading on them, and this danger
will be apt to restrain them from attempt
ing a very decided advance over present
prices.
This much we have said in connection
with thcannouncement that the four per
cent certificates are now on sale in this
city, in order that all who have money
to invest may be posted as to the pros and
cons Of their value.