Savannah morning news. [volume] (Savannah) 1868-1887, 1882-10-04


Move by FOlger-More About Pleas
ants Bonds-Activity in the Treasury
Departmental Building Boom Ar
thurs Administration Becoming I'm
pOpuIar-NO Corruption Fund for GeOr-
gia-The Po itical Outlook in Ohio.
WASHINGTON. October 2.-The Treasury De-
partment will next Monday commence the
issue Of one of the most important forms OF
currency that has ever been put forth by this
government. On that day gold certificates
| viii be issued at par for gold deposited in the
| Treasury vaults. The lowest denomination of
these certificates will be twenty dollars. ANY
one depositing that amount of gold can secure
a certificate of the denomination of twenty
dollars. 1t will be a paper currency
upon as solid foundation as
there could possibly be. 1t is a we'll known
/ fact that since the issue of paper money and
/ its popularization gold has never circulated to
/ any great extent in this country. Take the
| history Of the currency since the resumption
| of specie payment and the sending forth of
| gold freely from the Treasury vaults. After
the novelty wore of gold became drag in
| ordinary monetary transactions. All who had
/ it were more than willing TO exchange it for
greenbacks or silver certificates.
The city of Washington furnishes the best
1
| paid portion Of their salaries in gold. / have
| time and time again, and especially in the past
| few days, asked merchants if there is much
| gold in ordinary business. The invariable re-
| ply has been that there is not. At the first OF
| the month, when the clerks settle their bills
considerable gold is put into the hands of deal
ers. but the deposit it in banks and it goes to
their credit When they draw out on account
they demand paper currency and almost refuse
TO take gold. The large demands already made
for gold certificates goes further to show that
handle
One bank in New York wants to put into the
Treasury vaults next Monday the sum of S44-
100000 in gold and receive therefor its equiva-
lent repres antative in the paper certificate.
That bank is the Bapk of North America Other
demands from all over the country have been
proportionately great.
talked about the matter say that
there never was enacted a better law han the
one which authorized the issue of these GER
hhcates. One Of the many important values
or it which they point out lies in the fact that
it will give to the United States currency that
will pass current, as soon as its nature is fully
understood, in anv country in the world They
predict that the United States gold certificate
will, in the course of time, become more read
lily accepted in the general marts of the world
than even the notes Of the Bank
the gold which the certificate
represents is in actual presence in the govern
ment vaults to be handed out on presentation
of the certificates, is sufficient to- make the
latter pass current whenever offered The i'm
portance of the gold certificate to the currency
of the United States is thus apparent to every
one Its issuance marks an important epoch
in the history of finance.
Treasury officials also predict that the next
session of Congress will be asked by the busi-
ness of the country to authorize the issue of
gold certificates in smaller denominations than
$50. They say that the business interests will
demand certificates even of as small a denomi
nation as one dollar.
In the issue of these certificates Secretary
Folger has done another queer thing. He has
done many queer things in regard to financial
matters recently. All of these queer things
have, however, been of a character to make
him more soli1 with the moneyed men of New
York. He has directed that the gold certih-
Gates be issued by the Assistant Treasurer at
New YORK. The law expressly states that
they shall De issued by the Assistant Treas urers
in he several parts of the country. Folger's
action thus makes all other parts Of the coun-
try dependf mt upon the city of New York for
their supplies of the new certificates.
PLEAsANTs' BONDS.
At last Peasants bonds have been definitely
and finally fixed His disbursing bond has
been approved, and his deputies will no longer
be paid from the Treasury Department here
but directly through the Collector himself The
first draft to Pie 4sants for this purpose was
sent the other day. The officer of the Internal
Revenue Bureau who has control of such mat
ters as Collectors bonds said to me, in impart-
ing the above information: These Georgia Re
publican otfceholders are, as a rule, a ID
queer lot"
0CIlNITN IN APPOINTMENTS.
There is marked activity in appointments in
the Treasury Department. Folger who has
always held out against any great changes in
minor appointments, is now shuffiing the
places about quite lively. The appointment
clerk has all he can do and is kept busy at his
desk until long after Office hours. He is the
busiest Official in the Treasury employ. 1t is
noticed that most Of the new appointees, in
great State of New York Can it be possible
that Folger Is working to strengthen his boom
in this way, or is he simply paying off the peo-
pie who worked" the New York convention |
in his interest? It is certainly one leg or the |
other. At any rate, Folger has a great head |
on him in holding on to the Treasury Depart /
ment as long as he can. 1t is a good thing for |
a politician with a desire for preterment to |
have the Treasury Department at his back,
POSTAL CHANGES.
The following postal changes have been |
made: In Georgia. service on the route from |
Morgan to Leary's will on October 18th next |
he changed as to embrace and end at Will
liam burg, emitting Leary's; and in Florida
the following change is made on the route
from Apopka to Lake Eustis: Leave Apopka
Wednesdays and Saturdays at $3.50 a. m and
arrive at Lake Eusts by II 80 a. m. /; leave Lake
Eustis by 1890 p. m Wednesdays and Satur.
days. and arrive at Apopka by $50 p. m.
A BUILDING BOOM.
Washington is growing rapidly When the
real estate and building boom set in five wears
ago, the general prediction was that it could !
not last. Like booms of a similar character |
elsewhere, it was said that the end would be
the samoa dropping out of the bottom of the
bucket. But there has been nothing of the
sort The building goes on at even a greater
rate and the price OF real estate continues to
elevate itself. This is true of every section
OF the city, but more especially Of the
northwestern. A psrson who saw that portion
of the city four years ago and should now see
it for the first time since then, could but think
that magic had played its part ALI the build
ing there has been of fine residences No stores
or places of business have crept in to lower
the ''high-tOned" in the character Of Northwest
Washington. The Queen Anne style still pre-
dominates and quaint and pretty effect is
reached in the aggregate. Comparatively
few OF these magnificent residences
are rented They are occupied by the owners
thereof. To live in Northwest Washington is
almost passport that you own fine house
there The march of improvement is so steady
that all suspicion OF its being a bubble is now
as absurd as the mountebank Of a variety
show. Very few people, even in Washington,
fully realize the Improvements made.
/ was amazed to-day at the great work &C.
complishet even in the short space Of six
months. walk around the city brought
me to many Ocaties which | did not
readily recognize, so great are the changes
to put real estate agents and contractors and
builders at the head of the men who have
made the most money. Many Of them who
coud scarcely make their bread four years
ago are now in competent circumstance while
q good majority OF them have become wealthy
some of them enormously wealthy. I'm
provements in the streets are being carried on
on a large sea e. This is more noticeable
In the northw stern section. where the ma
jOrity of Senators and members of Congress
able to do so have established homes and the |
average able legislative solon is fully capable
Of looking out for himself. Property holders
in othel portions Of the city are growing be-
cause the amounts guaranteed their streets
are In very small proportion to the money
given to the swell Northwest. AS the soIon
does the apprOpriating, nothing else could be
expected He will get ali he can for the street
wherein his money s invested
Is IT THE PRELUDE TO A DowEFALLf
You do not hear people who deal in politics
talk much now about what a strong sensible
and far-seeing administration is the present
one. Three months ago you could scarcely
hear anything else THE best and stroneest |
President for years, was the talk most heard |
among politicians. You do not hear much Of !
the kind now. On the contrary, the politicians
begin to tamper their talk with such statemants 1