Spirit of the age. [volume] (Woodstock, Vt.) 1845-1913, 1881-01-26
Prom our regular correspondent
WASHINGTON LETTER,
w.sulssros. d, c., Jan, %, 1851

traeted than was ever anticipated 10
transferred TO The senate, Bnl lhe'e
Is not much hope that II can pass the
latter body without important amend
inents, sending II back TO the House !
and, In that case, the prevailing oPini'
on IL that . final non concurrence ana
III. ssl,eva et the wass"'a will result
The bill. ~ II passed the House, pro-
yides for q three per cent, bond to the
amount of not exceeding $500, 0OO,'
900, 10 run i've years aud DO made
payable In ten years, with ssOe'ooo''
900 certificates, bearing three per
cent. interest likewiic, aud redeam'
able at tho pleasure OF the United
States In one or ten years. u pro-
yides also that mona OF these securities
nre TO DO issued until after the Treas
ury shall have paid out all It's stand
ard silver dollars and all It's gold, saw
Inc reserve of $50,000,OOO, Ia re-
demption of tho bonds the maturity
of which is now aeruing, aud that
the interest on the bonds to mature
shall cease after forty days notice BY
the Treasury Department, The new
three per cent, bonds authorized BY
this act arc to be the only securities,
after May /, 1881, receivable as Sc
curi,y for national bank circulation
but provision is made tor the subsp.
tuition of other issues of the United
States bonds by the banks when the
bonds of this series have been called
in for redemption. The banking IN
terest is against this measure and as
nearly as can DO ascertained, the Sen
ate will either extend the time on
these bonds to twenty years or in
crease the rate Of interest.
d" A curious example OF our reluctance
to copy after European models in
financial and other matters is the fact
that no proposition has been made
to adopt the torn of the English con.
soils. They are, technically, inter
minable and may be held by theil
owners from generation to generation
but practically they are far more with
in the control of the Government than
any bonded debt, redeemable or pay
able within certain periods can be-
Their price in the market is governed
by the aspect of national and business
affairs, and any surplus revenue thai
the Government may have on hand
from time TO time can be used IN thell
redemption and cancellation, while or
the other hand, the principle OF con
tinuity which they embrace makes
them a desirable inve stmeni for those
who look for permaneucy rather than
for a high rata OF interest. Mr. Haw'
lev, of Connecticut, in the course o.
the discussion, signi6ed his preference
for such a form of the public debt, bu
intimated that the popular feeling was
against the idea OF permanent ma
tlonal debt in any torn, and hence HI
did not offer any amendment in thai
" Strangers from all parts of the coun
try who have visited Washington with
in number OF years past illremembel
the old gentleman who kept a picture
stand in the dome OF the capitol
Samuel Douglass Wyeth was hi
name. But his pleasant face and
quiet greeting will be missed from the
great dome, for the tired old man mas
"gone up higher Mr.. Wyeth was
an educated and polished gentleman
with a taste for old pictures, rare
books, land articles OF bric-a,brae
which amounted almost to a passion
He was native Of Harrisburgh. Pa,
where bis father taught Simon Cam.
eron "the art preventative" Once
the possessor of wealth, which took
wings, he also had a tragic domestic
history which resulted in the almost
hermit career of his later years and
lett the sad impress of grief and lone
illness on heart az tender as a wo'
= mans. So here, as elsewhere, we note
.s the changes Of time aud the disap.
lpearauce of old landmarks and noted
characters. 1t seems but a short time
since the old fresco.painter Brumidl,
who labored for years upon the cap'
tcl decoratlonss, passed away, leaving
9 his work unfinished. ..i. a.o.t
, There has been at different times
during the past ten years more or less
talk of o government telegraph-llne,
or OF placing lines of telegraph under
government control for the benefit OF
, the public, but nothing ever came OF
u it, earnestly as the proposition is ad-
+, vooated. Since the consolidation OF