The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1880-01-01
WASHINGTON WAITS.
soAErHrxa coxCrRxIso Tnr pEsr.
New II Has Been Rsfunded and Plans
fer The Euturo-1ho Amount Of Denas
Seen Due-The Ps0smasser.0en,
erals Black List, Etc,


Seen Das-The Psssnassef-0en.
% >.r. p,.
1HE fosf1AsrER oKxxRa1,s black 1u1
W.,u,o,o-nC n. on T-p.
r..,., c.....I -
- lMus" N oloe1 oireeuo(
me postmaster 1t New York to refuse tn
pay! lent of postal orders On the delivery al
registered letters addressed to the so.cafled
bankers and brokers firms of Lavrence {
Co., purporting to do business On . stoci
combination system, at 10 Broad street
Adams. Brown & Co, % Broad ssreet
Allen, Jordan & Co, 81 Wall street: snd
Barnee, Garrison & Co., Nos, IS Exch.n.e
Place and IL Broad street and elsevhere n
New York city. The operations of the
persons conducting these coucerns hsvs
been enormously profitable,
1t appears from the e.idene. .. -
forth In the report of thu Dena,tm.nt,.
special agent, that one Benianin Bockvai.
ter il the originator and principal pronr;,.
tor of the business condueted under M.
above mentioned firm Names, under vhich
be obtained control BY recording under the
laws of the State of New York 6ctitious
articles of copartoenhip, etc, but that some
time ago he effected N arrangement Nth
W. d. Duff and II. LAssinR. accordin1 IN
which they have for Q number of mooths
been attending tothe practical man,eeme,t
upon terms which, in Connection vith ths
transcripts of their books, ahov enormous
profits. This sgreemsut Va 10 nav RncI.
walter $l2 500 per month. or $4,000 Der
year for the net profit of the business for
i've years, under the single firm name of
Lawrence q Co., and IN equal amount for
the privilege of doing business under two
OF the other firm names. Buckwalter's in.
terests were guarded BY his having conf
DENTAL agents to be present at the openin,
of the letters containing remittance vhicS
-" H. ISL pSa ,.Nt r. - susH : rae to make
SleWy 70 SzsVVV per month from March
Ist 70 december Isl, 1879, after paying al
yertising and salaries Of 500 per week ito
I'll %n Don Ano AasSing.
..i;.;.;I po 70 tneir ADVERTISEMENT
sSn ...a;.. .ew ~ iof Investment upon
inc order. for .,ocI. i LILY c.p4.n OF pool
81. con.,aiI III. "S.,.a mo one va@ aRsre-
etc y hs,s go. - IN Oh experience,
trv. The, 80 .no,n. ~. Oh sne ooan.
hsr. and ;.s vi" e .H ~ the outset
-s,s 80. ~ -. s~ &c :, oo. .ctoci returns
h,,, :. "...," O-e ~ .ne Patles investing,
rsm;,.. r.. sI s ln's.nce me sender OF
r,,.-r.o.ss a,..s..:I 1.eo tnss OWING TO
co., - ~ 1ou IN tne prices OF
"ona, ." ~ .s ~, a1:suI oIineeney IN the
80 >. - -. - nm ny oeea oDneed to
;ntse....a i' T .ns venture IN which hs was
~" s"sas nollncanons were az
JnSs;or th.t ~" nowever, win an intro
=. ; ;.. ~ may oe made easily
~. 49, ~ L'nR IN new combina-
IT,; ~: su U ~ oe formed and IN an aston
,. . n.% s Oh case: the same persons
""'e 'e"' 'of"slo sooit'osal remittances.
FUNDING orzRAr1oHs
WASHINGTON, Dec. Senator Morrill,
makes public the following letter from the
secretary OF the Treasury concerning funo.
lng.'
TREASURY DEPARTMEsT,)
OFFICE OF THE TREASURY
Washington, d. C.
HoN. JUSTIN 8. MORRILL,. COMMITTEES On
Finance q. 8. Senate-Sir I'm respouse to
your verbal inquiry have the honor to sub
nit the following observations respectinr
he refunding of the national debt:
In addition to SIS, Ais 900 six per can't.
bonds absolutely payable December 3lst,
1851, and $945 600 payable July LIST, 1881,
me following bonds of the United States
vii become redeemable within the next
1oT and bali, viz: May LIST, 1881, i've
PER cent, S4OS, 40, $50; June Both, 1881.
" per cent, 1854 32l. $50; making . total
u S172,761 200, the annual interest charge
u which is $4l, 38l ,29S.50. About one.
aalf OF these are coupon bonds, having
COUPONS running only to the dates of the
and If they are not refunded
Z PAID OIL the holders will have to
70 supplied with additional
oupon sheets at the expense of the govern.
aent and 1t cost probably nsarly ~ great
would pay Tor the original Issue Of the |
pan; 1t IL manifest that xhese bonds can
OF De pad OH in 1881 and l therefore felt |
my DUTY to recommend in my annual
ePor! tnst authority b granted to refund
aem intc Ioof Per can't. bonds, thus eject
q saving 10 the annual interest charge
ABOUT ten and one-half million, The
resent tune, 1 believe, will Be most advs D.
1ge0us Ior such refunding DIV
lucn more favoEably for the opsy alton
IAN any future time; and We have NJ
and In iocr per Cent. consols, = bond al
hoy vel knoIn and extremely popular.
y, al funding of 90 large . portion
inc Po Jiic debt into these bor.ds DURING |
v p. at year was mainly due to the ex.
ptionally favorite state of our FOREIGN |
nd home trade and the resumption of |
pecie payments, and it IL the frn belief /
hat our Wisest course is to fund the 70.
nainder of bonds bearing . hieh rate of
interest.
While this state Of Affairs continues the
ill introduced in the House of Represen-
atives on the Sd instant by Fernsndo
Wood, chairman of the COMMITTEES IN
yays and Means, and which has bean sent
, me, provides as follows:
That % much of the authority conferred
pom the Secretary of the IRE asnrv nv the
cts of July IA, 1870 and January 20. toI
sfund the public debt to the extent
fifteen hundred million dollar, :.
a not yet been exhausted and
kecuted Be and the same il hereby modi.
I'd 30 - to limit the rate of interest
pom the bonds vet to b Issued. a anthor.
ed BY these acts, to q rate of interest not
exceed three and one-half per centum
" snnum.
This bill. If ensct.d into 4. Law voula
.rhaps be construed a. prohibitinr the
lie Of bonds for resumption purpoees NJ
eater rate of interest than dire md on
If per cent, although such IL not proba-
y the intent of the bin. ABIDE. hovsv.r
ON it, possible bearing upon IL .h;i;sy