, 1881-02-19
All Wall Street Stupefied by
The Passage Of the Fund
ing Bill.
rho Bank Presidents Extreme
" Sorry About the Car"
lislo Clause.
tn,nortant Protocol Signed Yes
ter,1ay With thu United
Stntes Of Colombia.
my United States Agrees to Protect
Colombia Whenever Proteo-
ton Shall Bo Desired
A slander Suit for $1oo, 900 by
Havemoyer Against Law
son N. Fuller.
Mr. Palmer Owned q Large
Church, but Did Not Own
the Congregation.
Be Discharged His Pastor, and His
People, Like Sheep, Have Gone
Astray.
INV Of Urent Excitement md Wide
Fluctuations on tic Stock
Exchange.
eteam-Vessel Man Observation-Disclosures
Oards-A Shell -Tiend.-The Tele-
gzapha-ItemH.
ge Discharged His Pastor, and His
People, Like Sheep, Have Gone
Astray.
A Day Of Urent Excitement md Wide
Fluctuations on tic Stock
Exchange.
6team-V Vessel Msu Observation-Disclosures
Oards-A She -Tiend-The Tele-
grapha-1temB.

WHAT TIE "rIMEs" SAYS.
sp,etet Nspdtrh to Ins Chicago Tribune.

"Ihe dill tnat ii hpout ~ oce"'!lo j" Nv"
Hlll. IN NIL probability. l!aVo nnt u
tety partial SUCCESS, MD VIII pe
Exposed 10 many Interruptions a1'd dangers
during the coming six months. an opporlll,
hily fur placing tic American uoFcri'thchs
at The very head OF tic great Governments oi
the world iii point :. OF credit Inns
bcen trtcd with, md ns' lar NJ can
now bo told has bcen lost. a. pecullar
combination OF circumstances, tllat no
one ecxpects to lust very long, ''la'le 1t posi-
bic to tlpat lnrgo loan ht per cent NJ 1ar:
atl achievement without parallel
In financial history. Congress las
chosen, to reject the proflerMSd M
eoopeI'oh mat wouHl naso ;aee"tea M aI' tntS
snlenaia result, asla nts5 eMclsu ~, uS fpely
eloa 'ns1eaa: ltis hataly' w'tni1t tllo , in''se
olpsooabllltY that u 1heails so l!l-.avlss'l'
hAa sugkcsleu NY 81 u'1"iso h''o ulJa't "
tpllls' Will s@eceeu'
= II: TIE "WortD,n ;;
tasoring the rcfunding scheme, says: "Tho
chances aro decidedly against the success Of
per cent bonds, md If They full si'At
upon tho market tho Government, Will
rontinne to pay aud per cent on the exist
log bonds fora poriod long enough tqcati-
Gel tho difference between 3 and ~ per cent
on the new bonds, with the attendant hazard
oflaallllty to soil Ri per cent. bonds'a year
Or 1two hence. Ii 1t should turn. out
mat ao new por'c 'ccAls cannot bu sold tho
government will pay heavy forfeit fortho
Democratic :bunet1nbo Of a prollered per
cent nsioan' It's -
IDLE AND rRErosrERors
10 legislate against tho free action Of the
money market. The most noted nttcMpt Of
ths. kind was 'mado during the War,
WAcn Thaddeus Stevens had Influence
enough to get n law passetI by Congress for
bidding any difference between. the market
Faaa OF gold aud grconbacks. Il 'bull
aealast tlc comet could not have been
ihofe inlile. Congress cnn compel nobody
ehase y per cent bonds ut par, nnl II they
Nte not wgrth par In tho mprkat tho new
loan will proyp n flljlure. f.nnrross lE1fly
propose, but the money market Will dis
bose"
.THE "TR11uSE
$ass on tho Rofnndlng bill: "Tho Frcst-
9eh1 Will propnbly take timo to consider, his
u1ly carefully. Meanwhile, ho will havo op.
potlantty to hear, from sound businessmen,
a'd from commercial organizations through
oas tle country, what they think Of tho
probable consequences OF this moasuro
saoala 1t 60 Into effect. No
uouot sonlo difference OF opinion
may appear, but We think m overwhelming
majority Of Those who are best informed as
70 Tho Industrial, tlnanclai, and commercial
resident to arrest this BIZ! bcforo 1t ca1.
~ hafm. Tho country fs doing vol,
a. matters stand, without taking any
powerful financial drug Of unknown,
properties. Thery is no occasion for dps.
teia1e experiment whlcl, moy help or may
nn! ,na, l!etnndlng il certainly possible BY
methods which arc absolutely aafo, D,si.
ness a'on Will 10 slow to advise. at such n
nae, doubtful at,d hazardous experI.
.aeat"
ef1SloH OF LrAnryo nAxvrps nro.nn7vo
rlIE n11I"
Mr., n n tas 1Ft.tns <a'.oetat*a 1'r,..
~, nE% " lolK. Fob. 1s.-Tio Funding bill
pesaa!o a!o tllesHo OIL Wnil atreet. Edward d.
,s,Ihao'pl'. President OF tho Continental Nm.
'lonal Bank, said, n,rho r,n,,,,,ar. ~ cn,.
s.sss afe tuere tyros in tinonce. md tboy
tappear to thing # hmm,,,atior ~ ~ ,oon,., ,ut
!he advice Of oxner,e H. nn.',.a " ,,,1s Ieen ea
hniy nlucn ,i,o1n ~ uuaAs VIZ vc4'
largely, m ~ sacIF pseseht clfoalatloll
tt;eIs tt would not teel At llbvrtv to 'u lock % IN
sts,t st GoYern.nent bonds fnrn innr t1u,c ;rh"v
WI seek to scrura tha - .s.''Is;a
espeeal}y Of tl,ose 'a'' o. 1nelt ponas