The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-12-06

W 49," 49,
way to the hands Of those who had only TEN.
porarily parted with Il In the purchase VI
bonds.
THE THIRD BOND SALE
In this emergency, and Ia view of It's sur
rvu nding p-rpleAifieA. a became entirely np-
parent To those upon whom the struggle Tor
safety was dcyolycd, not only that our sold re-
serve must for the third time In less than thir,
teen months bee restored By another Issue ana
sale VI bond, bearing a high rate OF interest
and badly suited 70 the purpose but that u
plan must be adopted for their disposition,
promising better results than those fehlzcn on
previous sales. An agreement was therefore
made with number ~ financ.crs and bankers
whereby " was stipulated mat bonds ne-
scrlbed In the resumption act Of los''
pavab.c IN coin thirty years after their date,
bearing interest at the rate Of = per cent, PET
annum and amounting 20 about rEupuD.
should bc exchanged for gold, rerelfeaDlc ps
weight amounting TO u little more than 500
0Uvoo.
TnE SYNDICATE AGREEMENT.
This gold was To be deli. cred in such install
ments as would complete Us delivery wi.nin
slx months from the date OF the contract. aho
at least one-half OF the amount WAS 70 " irf'
nlshei from abroad. IL was also Msreeu y,
those supplying this eoid INA. unrins ~. v.r
means IN their power protect the government
|. against gold Withdrawals.
The contract also provided u consresN 'nai'
: authorize the issue 81 bonds. payable ~ thci
. term, In gold and bearing Interest a. thc ray
! OF ) per cent per annum, mirnt Mltn'h ",
/. DAYS Ne substituted at par TOT tHe t-pri -e,n'
bDrdS Described Ia the agreement oh INC -
thi, contract was made It's terms were com
, munlcatcd 10 congress hy spcclal cNcrutas
: message. In which 1t Wa stated snae , :,
sixteen millions ~ dollars would ne AaN.u y
the government II gold bonds. tearlny . p
/, cent. were authorized - ne ~uDsil'uicu ~
fhnSc mentioned IN the contract
The congress- having declined 70 gram ~
: necessary authority to secure tnls raNlil, "
7 contract. unu.odilel. was earrltu vnt Icsusatn
4 In a gold reserve Amnur'inm ~ :
- 4 49, y. \ .t.r ~ Iptr t--l IUs de rfpTmi .ikt
!. his contract not only restored the reserve y,
checked for n time the withdra"ais q y"
and brought on "a period ~ resi,r'u ~ =
= and such peace aud quiet ~ business c.I'l's.
y were OF The greatest possible value 20 ever
I. interest that anects our people nave h'.'
had the slightest mt-giying .onerrn.n. !,
wisdom or propriety Of this arrinsnent. ~
q am quite willing 70 answer for my full snare
~ re>pDusibilliy FOR It's promotion.
~ l'hour h the contract mentioned s'ayci lot
+ time the tide of gold Withdrawal, It's go"d !
!, suits could not be permanent Recent VIZ
= dr,val> have reduced the reserves rom TX
- ri 23p on She 9Th day OF July 'S'f' 20 1000
y yGG How long II will remain large enough
- reader liz increase unnecessary l. only mat
a. q. conjecture. though quite large withuraw,
- for shipment Ia the immediate future are l.,
dicted In well-informcd quarters. About -
!. onpDl has been withdrawn during the MOI
~ OF November.
ial ARE NEARLY WHERE WE STARTED
I'm The foregoing statements OF events ann g
it. dltions deveiopes tie fact that after incrcas
our interest hearing bonded Indebtedness III
ma, ala, 600 ono TO save our gold reserve,
Of are nearly waers We we. s,arncn, ~. ias a.;
E,chrnarv 1891. when the first bonds were
ind sued. Though the amount 81 soln urawhi :,
ich the treasury appears - pc very tarsr, ~ r -
his n actually was much larger. considerable y
rht having been acquired BY The treasury WI
bic the several periods stated without q 'Ss'
bonds.
re- TIE WITHDRAWALS OF GOLD
On me 18th OF January. 1895. II wa, reio'
the nv The secretary of the treasury mat u
ana than si@OooD of gold had pren "s.nu'
M, Tor hoariing or shipment during the Ncir
In cedinr. He now reports that from Januai
eni, 1872. 10 july IA. 1870. a period 81 mvrc
90. eleven years. only "a little over s-1uo'uv'
the wI,hfrawu. and that between July a. ls"
date ~ the passage of the law for an mere
ital purchase ~ silver. and the i>t day ot ,pc'
'teeo her, iss. or within lsSs ,nan Az Az, co
the mixing the total ~ more tnan siss'N
on drawn from The treasury n rolu sih.e yan
Gre 1. 1872. the date fixed In 1870 Tor inc rcl'c'
WAS az the United States notes.
.an- ruosE corp-RAiprSG NOTES.
No. ~o,rrr se-ooon OF the gold thus '
a. drawn has been paid out on these -,
S,nteS notes and vet every ONE OF tl' ~
-rv \" $500, -aid aeniotions. More than
"a ON 90 90 In gold has. sine their creatl". ~
notes been paid ont from the treasury up.n =
given on the purchase ~ sa.Ncl " ~
alled man. AMI yet the whole. amounting "
we'd. nn nNo except n little more than FLOW
rcnli which have been retired ~ eSe-ars'> -
tuat- yer M the request ol inc noiue' -.
ween outstandinu and prepared 70 ION
ratio. e,dor and more experienced ailt
,>ued future raids upon the treasury l"au : :
: law IN orncr words. the sostrnhiens -. l
lira- sr,,,t more than nlne-tcath> oi the ,
States notes. and Sill owes ,num az.
nhcr. paid IN gold about onc-hti y ,tsn
pur- Tor silver purchases wlthvu.
mora .,,rh ,axnicnt one dollar ~ these notes.
ptiOn aluea to All this we are reulindeu VIA. 4.
on this astounding nnanclal ssnen nseh,,,
= -a ...- unrFrst A I00ltN lu2tutf
olga ~ -us $4,000 in establishing q goiu 1919
These ~ sIds. 3is.4UO in efforts 70 main.a
ever ,bat an annual interest charge ~
been i,rnied Indebtedness j. more sL'n
onOo. that a continuance ~ "ul y
course may result IN further pona
that and that We have sunereu ,nnNviny \
unim- with all this Tor the saNc ~ nurp 49,,
de- foreign 81 pmcnt or iacllilatlhe IA ~
ily re- NOM, a situation is exhibited whlen "
~ the n,yh, 4, arrest attention anu pro'one
brink date Legislative reici ! "ni mnsr
great only thorough aud pracucaoic 1eineus
ion OF ,rnvbleS - found In the retirement am
which lation Of our United states nm
: with called grecnbacss. ana lhc ouas,
urv notes issued by the soNerhnn.nt
yold. mcnt OF silver purchases unaer LAG
INTO 1890 srcc rsTI
aglta- REMEDIAL LEclsLAltoN ''o
,inagc, r,a,i,xa this could be quite readily
ur Us plIshed by the change q the ~, a
ne and snn ,nat,nus bearing a low rate OF \
u"nn, .n..nil he long-tcrm bonds, thus !
iire-us IND their Gcsiraoslits as ,hs,N.a aI An
IN 'N- cause their payment couid uc 49, 4
OF our ,oa period far removed from p'vscIs Z. Z
pecu- '~rn~ ami nerplexitieS. wnen, Win III
prosperity and resources u y. rtnr
.~lv met. To further insure thc =
10 gold ofthe~e notes. and also prvNiuc 4 ""s
90 WIS ora max be added W OUT eNllN.fi Ia
than Them. a feature in the pilA sn2s1. n :,
thoritv sive en- 70 inc tnrn,, for rold
: h.iur ~ aispoSc OF the bonds apruAu ~
.,nli~h- s~sar 10 complete the ~oatenplaAsu
TX ,ha -, ann cancellation. pcrmAthns ~.
the re- the proceeu> o. ~ ,nav II. III Id
urv. or that may be recetNet " Z" r an
rranv account. The increase " w
d. Weld many 1891 I'm THIS plan would b
the re- ,.rwpensatcd by re eweu actlsis -.
resultoi nri~e III an business crc e.. w ~,
-uNttcu trncc III home. the re.hstAacn -. IN
c nl.an- .tary strength abroad. anu Wy an,,
ls4. AZ 49,, ~,,nr.xt ana industry tlai Wou
~ nov" The cancellation ~ thc
tions now atiicting rs wo,
al fallen IN y event the bonds proposes. w
more for tho cxtinguishnent o. 49," ~
iropphk ,lehiednes> while IN inc PAN
q sale ~ u,n. i,,YLs The menace OF uIehui'
: rcpien- ain',,tn' c,,r indebtedness still undi-cha
On grew "NAa,.1 ~ every feature Inc "
Der, i.N arss~nry TO lind this lndrp,cuhv>S y
80 .uG'- nnu.i IN amount tho>. from Nusn
,asn relieved. since 1854 Nv an.ieti'
payment beyond the requirement.
,gthcn II. fnr fund out 81 our surplus re.sn r.,t
II bonds The currency witnuia~ " ~.eS,
here was ,ha II ri,ra states notes anu ttc"s'
N was in amourtin. TO probably less ,n"n
( peccnl- MIGHT I've supplied W ~uSn !, ~
aiicd the used in their rctlftWtht r.- m
OF even a circulation Of our natlu,hi -" IN
:, of gold. aggregate capital OF th1s" n crser f,
M more .,,rr 10 more than sJo'Uu-v,',
IN day OF s,.nftinr circulation ha~ca W u.nu
~. l-aS. "a amounts 10 only auouA si'.'.,..r.
rtLs after aufnorizcd 10 issue notes "sar,,r,
AR rold "an, N the bonds deposited ~ S'.n.
49,. ~ ~ . 4. M axslIf nt\Dun tAf