Daily globe., 1881-11-25
WASHINGTON.

Secretary FoIger's Plans Regarding the
Redemption Of Bonds-Indian Trust
Funds-A Warning Disregardsd, Etc.
WASHINGTON, Nov. M.-The treasury de
partment yesterday purchased $1,000 ounces
Of fine silver for the mints.
REDEMPTION OF BONDS.
It is understood Secretary Folger has di-
rected computation to be made for the pur-
pose Of ascrtaining ct what premium the
government can afford to purchase 4X and 4
per cent. bonds, instead Of calling In 8Ks, and
ct the same time protect the government from
loss. This has been done in view of the fact
that * and 4 per cents. are not redeemable
until 1891 and 1897 respectively. II surplus
revenues should enable the government to call
in all outstanding 3X per cent. bonds, which
will certainly occur previous to the
time the next loan natures, it Is main
tained that there will then be no use
for surplus revenues between the periods at
which the continued and 8 per cent. bonds
aree redeemed, and 4Ks and As fall due. As
70 Secretary Folger's programme relative to
outstanding 5 and 9 per cent. continued bonds,
here appears to be good ground for the state
nent that unless some emergency arises Win
dom's policy Of calling In continued 6s in
preference to continued So will be followed,
Inasmuch as the 6 per cent. loan is the Oldest
debt.
WARMING DIsREaARDBD.
Comptroller Knox, to-day, said that in Feb
ruary last he wrote the directors of the Pacific
bank, OF Boston, informing them certificates
were being issued, by which the whole credit
Of the bank was loaned to dealers, and that the
transactions alluded to were irregular, Illegal,
and should be stopped.
INDIAN TRUST FUND.
Treasurer Gjllfllan, custodian of the Indian
trust fund, recently wrote Gov. Haygood Of
South Carolina, that he held $125, 900 OF bonds
OF that state dated January, 1855, interest at
9 per cent, payable semiannually, and asked
what provision the state had made for pay
ment of the bonds and interest, in all $248,-
$50. The treasurer was answered that the
bonds are exchangeable for 6 per cent. con-
soliaated bonds or stock bearing interest from
the LIST of January, 1880, at the rate of so Per
cent. OF bonds and coupons surrendered. No
other provision has been made by law either
for payment of the principal or interest Of the
bonds referred to. Secretary Kirwood is trus-
tee of the Indian trust fund.
BERRY's CRUISE.
Lieut.. Berry, searching for the Arctic steam
er Jeanette, writes, Oct. 16. that owing to
heavy sea he Yves unable to effect landing on
the coast of Siberia, and put party of six,
under command Of Master Putnam on an
island near Cape Serge, there to remain until
the ice permits their being taken of.
Putnam has provisions for year, and dogs
and sled and boat for exploring the coast to
the westward in search for the Jeanette's
crew and surveying whalers. Putnam is in
structed to erect cairns at intervals, giving d.
rections for reaching the depot, and try and
interest the natives by offering rewards, etc.,
in case they assist any parties in reaching the
coast.
PERUVIAN ADVICES.
The Peruvian minister has received cable
advices informing him that President Calderon
and Senior Galvaez, minister of foreign affairs
were arrested on or about the 9th inst, by the
Chilians, and taken to Santiago. He was also
informed that General Hualbut wonld proba-
bly, recognize Vice President Nonlero as con-
stitutional successor to Calderon.
CAPITAL NOTES.
Judge Cox stated to-day that he would hold
under advisement the question of fixing bail
for Capt. Howgate and suggested that mean
time attachment proceedings would be pressed.
The retirement Of Rear Admiral Howell on
account OF age, promotes Commodore Beau
mont.
Owing to many inquiries the comptroller Of
the currency deems it necessary to explain
that the Freedman's Savings and Trust Com
pany was not under the supervision of his
Office previous to and at the time Of the fail