, 1880-01-05
Fernando Wood Confident that
His low~!nterest Scheme
viii Work.
4 Powerful Fuss Abn,lt tito Mat
ter Of tho Goyorl,orslllp
Of utnh.
Curious Basis upon Whioh Masaaobu.
Bets Fiatist 0ontests Dr.. Loring'a
Election
TINANC1TS,
i IN 1K4E u 1lEJe
W0OD'E ttEFUHTliN1 rIANg.
Enfttdl tlisfafth Ia T1e Ehffdan 1'rfhttnf.


sptttal Dispatch to The CheaOo Tribune.
WAsIIlsGToN, u. O.. Jan. 4.-TIlo Hon. Fer.
nnndo Wd0'1 expects to hnvc Ills rcftlndlng bin
rcntty tn intsnducr into tho tInuso aonc tn,o
during tho rrcscnt woek. lin says ho f,uls tho
aubjcct 80 dcteate to hnntlte TINT hn lntonuls tp
tlrNw tho lllll very carefully In order to tDycl
cvnry point which tho nppnncnta of funding at
tho r1ttc If III rcr ccnt ctttt 1nakc. Ito says,
hnwovcr, HUT tho moro ho stnlcs tlle quotation,
md tho moro Information l1c receives frum
hl,rnat1 tho moro convinced ,,o is that flfty-
ycar ~ tcr cont tond viii nfwnyH bring
par. The country has grown 10 ricd
OF late, and cnpltnl hAs accumulated
TO an grcat mi extent, TINT tt1orG will always bca
AGt1N1!it for lHE bond 1ssl1rtl by tho Govern.
mcMt by tho kind Ut Investors WHO doInanl
sh:ety morr thail thoy require Interest. yr.
WosNt Is of tho prllon TINT individual wcnlth
hHs grown 8" rnpldy Of lnte that thoro Ia n lgsnl
icAl tslbro 1nnt,ey in tho c1lntry ttan can ps.l.
lily bo employed In business enterprises. liz ill.,
stanccd, lii this connection, alr. ". Il. Vandcr.
bllt,
WHO HOLDS TwESry-EouR M1LL1oN po1r.AHs
Of registered 1 per cent tnn,ls, besides 1nrEc
as1lnrnt Of cuupnn a., and Mr.. Flno1, who has
Just bought &"O00,0M Of registered 4s in tue
nitmc ut his daughter. Tho o. and IS that will
mature thl9 ycnr n,sl next Hmount to $7sl,Osl,-
s00. Afr. Sllerinur, III his cirpn1nr Of Dec. n,
chilled for bids for s5.oo0,ooo Of these Mt Il r,to
H"AcA HAsif III utiluhtL w ls!1lE lAl1d1S
Mt tho r1sto nf ah per cent, md Mr.. Wood
points tn THU fnct rs cytdoncn thAt soite-
thing hcstIcs Il fcar TINT tho loan Gun.
nO6 bo iloatotl mt 81 low q rnto ns 10
proposes aetuutes A[r. Shorna11 In his desire to
hnve authority to fund ut por cont, md with
tho commission If ons-hnlf Of per cont llnH
permitted by Inv. In tho course Of conyersa-
tion this morning, 31r. Wood pointed out tho
taot thnt Of tho $7B0, GOO or moro Of bonl5
coming htie this yCIr and l1oxt, moro than $780,
W10O0 would 10 needed by tho hanks rs security
for their crculattorl, Ell greatly wcrc these In.
atltut1ons now increasing tholr circulation.
THEN THERE ARE
tho State bnutR, savings institutions, money In
litigation, trllst funtls Of nil sorts, hnd nccumt.
1Htc'l enpfsnl, which Is too ttmtd to 70 Into
speculative enterprises, which wilt 1nase mnny
millions Hlurr. All these, afr. Wood thinks, Will
hc glatl to got II fifty-yenr DX per cent bonl.
Mr.. Wood thinks nhw TINT ho will reduce tho
commission fur selling tho bonds from oue-halt
Of per cunt, III under tho existing law, to OUT
quarter Of | p1r cent Out If tho }t per
ccut tho syndicate nns patd mast OF tho
expenses connected in Its rcfundEng, and
a1r. Wootl lias received q private lettcr
from sfr, sherman. wIoh ho t3ecltnos to lnnke
public, giving tho figures which chow tho
Alti0int 0f. prullt lnnlo by tho synllcntc. Frum
whit Mr.. WuGll gNt9t, fnlnE10 thAt tho II pot
cunt will not Klvo tho syndicate an much profit Us
tho present U0ln!eSlnn notwithstanding 1t ls Il.
lhe rttlluynd frn1n tho burden Of tho expunBe Of
puufng tho loan. Mr.: Wand cxpncts that he can
lnln 70 thnt 1T will ho ioccssary to refund only
$O8Q, Q,1gp,DQU,