The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1880-12-17
AXE THE BONDS PAyARrE
In SILVER.
= Question Raised by a WaIll
street tanker Relative 10 the
r0nr per Cents.


Inc rights of Mr.. John Sherman !,
I nat any portion Of the Entercs, ,,,o., VI,
ivur per cent loan IN silver bas MAJ,
questioned ny 4 prominent Wall stroo,
oanScr. ierublican ia politics. whoha .
rFiseh an Issue with the Treasurv NJ
lariment upon The subject. which ;f,o,
uFcided ln his favor. may lead ~ Tx
poriant litigation 10 test II. To s,;va ~
shver dollars circulation .j,a S.l.
ireasury Officials have paid ten pcr cent
~ ine interest cn the four and fnur and !
nai' PSF cent. bonds III silver dollars M
sn'a'i holders. who 10 not keen a bant
account and have not. therefore. The al
vantage Of having their checks ~.
through the Clearing House. w n
anderbilt's check for his ouariarIy AL
ferr~t upon his many million dollars IN
vested ~ fonr per cents. passing fhroughl
ne tlearing House is paid AZ The Snh.
treasury ~ gold. The widow vbo coes
70 me Sub-Ireasury with her cbcct 4.
compelled to accept ten per cen, ~ ,i'ol
amount IN silver. thus GETTING co;, M.
s"ihe. me popular UNDERSTANDINGS
y w 'unr per cent. loan has been that
'o.n principal and Interest are to be paid Z
= goin. Inc acts ofJnIv IA. 1870, and Q
'an. ~ 1871, under which The fiyes olii,
col- tne inur and 4 halls OF 1891. aud thea
our of 1907 are issued. provided Tiara
iey shall be redccmable IN coIx or the =
mem present standard value and thatcl
ne interest shall hc payable in ..sucbItl
on. These conditions are expressed ga
pon The face of The bonds IesdiuoI
aIkcfs say that John Sherman has care II.
llly avoidcd constituting tile flaw 81 asth
obligc The Government 10 pay n, inri- "
Al and interest only ia gold coin. andw
~ nc has left The question of substitu- ur
ng silver coin open. IN,
lhe controversy which has been raiscdlnc
ow promises 10 bring about n dccisionllia
y VIII be of interest 10 MI holders orbc
e funding bonds. The banker whoes
y undertaken 10 ascertain The lcgalop
ln's 81 Uonuholdcrs to full payment In otl
~ com. addressed the following pr.
lew days ago 10 Mr.. sherman. 20,
"a to-day presented to the Assistant
rfasurcr of the United States N Nav
ork Tor payment checks for interest on ,
2 registered bonds, per cent. pava-
9 1907. The cashier rendered me ou e'
z check, which was for Sl7O Sl53 III ~
~ and $I1 IN standard silver dollar ne'
nn,, ,,,,s1ora.., ~ oo''S Wert tsra
pressiy made the principal and inter- NM M,
payable ~ coin OF the then prescnta"aa. :
ndard value, and that the coin stand ~.
SILVER dollars We're not Of that value :1,h'
ereupon payment Of The checks was ..',''
used. ! now most respectfully refer ,,.H
case 70 you for instructions 10 yonrl,...,
'ordinaics IN The Assistant Treasurer's i, Z.
&c 70 pay me. II am right. Failing W.
ms shall feel called up0n to test tbe~.s.
''er ~ reference 10 Congress or other-,.a q I.
e.- 0e' bare
want 70 know" said the writer of,,d
above. on Saturday. y III This Gov. ~
ment can rcpudiaie any part or Il, ~
( BY paying II IN deprecated coin
can pay ten per cent. OF liz obliya- =, :,
j. IN silver il can with equal Justice i
luO per cent. The bonds are To- day 1"ou ~ I,
ng NJ high premium. because of 49,
pubic faith that they will be raid ..a.
cipal and interest in gold coin. Ifit;aee,"e,
not Tor this faith. the bonds would .'a,.'
,clow par. IL II time 10 find ouils;.'.' \
ther the public il mistaken. pro.l,.r'
" ;a,,;I..,, ,'n'o ,a.,,. v oso"a'u - lill ol
Y ocr,,r,ol " se,,.. - VIZ sontro-lBuch
ed ! VA, ..a..o.'.' .,.o" la"s whoin III,
.teroj ,.aaas Il ,."'';'. "s"' 'Vur VT cent The I
ber M ;n,oras, 1919 na acc"'nn'ntca sIraiiol
sent ~ her quarterly. visited the ~,
er referred 10 and asked 10 be in-,he u
cd how she could collect the monev.Iin N,
gentleman accompanied her 10 the|trics
Treasury, identified her 10 The cash. uupr,
anded Ia Tue checks, which callcatac,u,
itp, snd passed ~ the next wirdowown
- '"S "ohel. ihe paying teller lth