Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1881-01-31
THE FUNDING BILL.

rank, being now third among the com
nercial nations of the globe.
THE FUNDING BILL.
Mr.. Fernando Wood, those ambition
has been greater than his success in car
rying measures through Congress, as
was especially noticeable in his pet tariff
bill. has succeeded, by a slender majori-
tp, in carrying the House of Representa-
tives for three per cent funding bill
for bonds amountingt to $400,O00,OOO.
But this bill has to run the gauntlet of
the Senate, where it will be likely to be
amended into satisfactory shape. This
bill rallied to Its jealous support the
enemies of the national banks. whose
assistance during the trying time of war
was invaluable to the Government. APP
parently these men will never lose their
animosity toward the loyal bankers,
who staked their fortunes. wholly or in
large part, upon the credit of the Ma
ton, at a time when the Treasurer of
the United States could only give
promises to pay. They nurse like
hatred toward the host of persons, of
both sexes, and of varying degrees of
means, who purchased the bonds issued
by the Government. Their feeling is
voiced by the sneer, "bloated bond
holders" But if the national banks
are making such immense profits, why
do they not increase their capital? That
they can find channels as profitable, or
more so, for their money, is shown by
the fact that during the past FIVE years
their capital has been decreased to the
amount of S7O,OOO,0OO. Here comes
the financial thinkers of the House, say
ing in one breath that the bonds will
60 readily at three per cent, and the
next minute they make sure of the thing
by provision which actually compels
the banks to take these bonds whether
they want to or not f! Not only that
but banks which circulate no notes mus
take them also. 1t is conceded thai
three and half per cent bond. run
ming for period of fair length, will be
successful Windsor Journal.
WASHINGTON, Jan. 12.-The nomina
ton of Stanley Matthews as Judg,
Swayne's successor on the supreme bench
was sent in to-day, but it has been S,
long and generally expected that i
creates no surprise. There are senator
who know that it is nomination no
fit to be made, but Matthews is yer,
popular with his old colleagues an,
there is no question about his confrma
!, ton.
The democrats made their long-talk
ed-of attempt to pass the electoral-coun
joint rule this afternoon, and agai
found themselves, as last month, at til
mercy of the republican minority. jim
!. my O'Brien of New York, who cam
over Monday and spent two days in th
House, had gone home again, and Sc,
eral other democratic members were al
sent, SO that even with half of th
greenbackers they could rally only IA
votes, or two less than quorum. RI
afternoon was spent in vain attempts {
secure quorum, but the number
e democrats fell off as the dinner hou
b approached, and adjournment was ca
It ried about 5 o'clock. FELTON,. Spe;
d and Stephens voted with the republ
+ cans against consideration of the joil
= rule. Others of the party are lukewar
y about it, and the indications to-nig
n are very strong that the democrats vi
e have to abandon the attempt to pass
n
The February atlantic opens with ty
- chapters of Miss Phelps admirable SER
L story s'Friends A Duet" which will ma
n her admirers more numerous and enth
v siastic. William M. Rossetti, in his Sc
no ond paper on 'sWives of the Poets" tie
- briefly the story of the wives of La Fc
taine, Moliere, Racine, Leasing, Burg,
Goethe, Schiller, and Heine. Richard
le Ely has an interesting account of t
70 German Cooperative Credit Unions
tie John Fiske asks ssWho are the Aryans
H. and then answers it in way to sect
i the hearty thanks of those who have pl
zled themselves over the query. Ma
:" Ben: Perley Poore continues his auth,
eo tic and entertaining "Reminiscences
&c Washington" with capital paper ON
Taylor Administration. Richard CIR;
White returns to his English tour W
ry an article entitled ''In London Agai
ar These essays are admirably written, 6
ed are both entertaining and full of &C
or observation. Other essays, poems, st
= les, reviews of new books, well-ffl
~ Contributors Club" and running
VI count of the books of the month, concll
at an excellent number of this sterling IN
it azine. $500 year. Houghton, Mif
,e- & Co., Boston.
ed A Observation-Disclosures n M
re- through what Is no" Inc state OF fioi'ua 70 n
fountain he had heard was there, which was abb
ort make an old person young again. He failed.
of can't be boys or girls again. Age and infirmi'y
ON f,,,,, hare = vi, ~,