Savannah morning news. [volume] (Savannah) 1868-1887, 1881-05-25
FINANCE AND POLITICS.
GLEANINGS FROM THE CAPITAL.
Window and the Bonds-The WIs-
dom of the Vetoed Funding Bill
VtndIcated-The Sore Boss-''Serve
Him Rights,-What Might Have
Been = Garfield's Clever Game
Blaine a second FIddIe-The Sum-
mer Exodus.

WASHINGTON, May s2.-The Treasury De-
partment will in few days commence the
work of redeeming and cancelling $16,0O0OOO
outstanding per cent. bonds That sum
represents the whole amount of the S19600O.-
900 of per cents. that it will be called upon to
redeem. The balance will be continued at the
rate of 31S per cent, the holders having signi-
fed their intention OF accepting the offer
made by Secretary Window. The small
amount which will have to be redeemed will
be paid without any trouble out of surplus
revenues. If anything was necessary to make
certain the success of Windom's finan
cial policy, the result of the offer
to continue the skies at 311 per cent.
supplies that deficiency. The offer to con-
tinue the fives at the same rate are coming in
rapidly. They will all be continued with
but small exception This success must Of
course be very gratifying to the country as
showing how well the public credit is. 1t also
shows that il people are willing to take readily
315 per cent. interest without any guarantee as
to how long they are to enjoy that rate there
would be no difficulty in placing three per
cent, refunding bond as agreed upon by the
Democrats of the last Congress. How far
foreign holders have that confidence in our
credit the management of the continuance Of
the six per cents. dos not show But very
few Of them were held abroad The success
in dealing with the So will, however, show
If foreigners are willing to accept the lower
rate of interest instead of demanding the
demption of their bonds large amount of
the 5s are held abroad, and the United States
has established an agency at London to facili-
tate the work necessary for the continuance of
5S at 316 per cent among foreign holders. The
result can hardly prove but very favorable.
Thus it will be seen that all the success pre-
dicted for WINDOWS policy will be realized.
THE CoNKLING BUSINESS.
The interest in Conkling and his little the.
atrical trick has about disappeared. The only
interest felt concerning him Is sort of langui1
one as TO whether he can come back to the
Senate. The politicians have about settled it
that he cAnnot, and that he will have full
scope to satisfy his desire to resume the prac-
tice of law. Nobody sympathiZes with him
The verdict is a universal one of serve him
right. Reports which reach US from New Y ork
city and Albany are all very bad for the boss.
They say t at he is done for this time certain.
But as yet Conklng has made no open move.
Some people seem TO think that when he does
there Will be decided change in his prospects.
his can hardly be. While he has done Doth
ing openly, it is known III It he has been at
work quietly. and not with success which con-
duces TO the pleasure of his siumbers at night.
THE SUCCESSFUL MAN.
Nothing succeeds like success of a verify II
Coskling had whipped the administration la
his war upon it instead Of getting most sound
ly walloped himself Garfield would now be, in
the eys of the politicians, as small a man as
even Hayes. Being the victor. he is much
bigger man than old Grant, with all of the third
term crowd attached. He has many more sup
porters now than he really cares for. His pit
terest opponents of yesterday now shout for
him with a loud voice, and never were any
thing but Garfield men. The President is re-
marKably good politician Such of these con-
vertS as amount TO anything, he hears listens
TO, and acts upon their advice. He gives them
some lOaveS and thus gets them for his own
use. He is playing it very finely, even with an
Italian hand. Being AN avowed candi-
date for a second term, he is using
hi: success to further that candidacy; and
using it in a manner which commands the
highest admiration of all who watch the un-
dercurTent of eveLts. Jim Blaine is disposed
to take upon himself very much of the credit
of the victory over COnkling. Very many
were at first willing to accord him great de al
as instigator and manager of ths fight. But it
has become known that while he seconded the
President the latter planned aud executed the
campaign That such was the case the PreSi-
dent himself takes the pains to let his visitors
know. On account of these developments
Jim Blaine, of Maine, - is not of the i'm
portance, politically, that he might wish TO be.
This is q personal administratiOn-or rather an
administration Of the first person, with Gar
field using the personal pronOun.
BEGINNING TO LEAVE.
People are beginning to get out Of the city.
The weather has been rattle cool with the ex-
ception OF few days about fortnight ago.
But it is beginning to warm up a little, and the
moderately we'll OF people have commenced
the summer exodus. The wealthy began to
leave some time ago. They go out by dates
not by the weather. The people of Washing
ton have a habit of rushing to the Sunday pa
pers with announcements of all their move
ments In that way We are kept pretty well
posted as to personal movements. From these
sources-if The people announce themselves
correctly-there are going to be a large num-
ber of Washingtonians this summer canalng
it at Venice and looking at the dances in the
Jardin Mobile. There will not be much Wash
ington news i'll the journals Of the country this
summer. All Of the correspondents are going
abroad to try and spend some of their largely
1Ioto