Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1919-06-25
Ehrntttg Gl1af


OF pennsylvania might be said to
have issued its last bonds back in
1881, they were refunding bonds and
III any one wants to make q compari-
son with the bond issue sold yester-
day to a New York syndicate with
handsome premium for a four and
a quarter per cent security. he must
go to the days of the Civil War.
The $12,000,000 road bond Is
sue stands unique and as far as any
premiums are concerned nothing
like what was paid for the new Sc
curities has ever been known here.
The States public loans are inter-
esting. And it is also interesting to
note that at one time this State was
$4O,O0O,OO0 in debt and that only q
generation or more of careful financ-
ing enabled it to wipe out the last
OF It's bonds in the last decade. The
bonds which were redeemed a few
years ago, excepting a few for which
the cash has been long on deposit
and which the State fiscal officers
would be glad to charge off if the
owners would only come around.
were part of the issue of 1881. This
was a thirty-year loan amounting to
$9,450,0O0 and was issued to refund
bonds dating from the Civil War. It
was not loan such as was sold yes
terday. The last real bond issue be-
lore this year was on May Is, 1861,
when 100000 of bonds were issued
to arm the State for the Civil War.
Some of these bonds and various
other forms of debt dragged along
Tor years and were consolidated and
refunded by the 1881 issue. The Civil
war bonds bore six per cent. inter-
est, While the 1881 series bore three
| and n half. 1t was also worthy of
| note that there was an interest of AL
most quarter of a century between
the Civil War issue of 100000
and the preceding loan. This was
made on April 16, 1S45 and was for
| 4,4L6,572 to make repairs and ex-
tensions to the Pennsylvania canal
and railroad. At that time it was the
largest loan the State had ever made
and was the beginning of the end
of State ownership because people
began to get tired of the proposition.
This loan bore five per cnet. There
were other loans going back to 1921
winch are of record and still others
which run into the days of the revo-
luton and the war of 1912. The
twenties, thirties and forties were
apparently bond issuing times and
many of the loans were for the canal
and railroad.
Just imagine a whole wagon load
OF theater tickets. A couple of bows
stood in front of the Orpheum yes
terday morning when they were sort
OF clearing out the place and they
saw bask 1t after basket of tickets
thrown into the vehicle to be carted
away. There were tickets in strips
and tickets in punches, single tickets
and double tickets and tickets in
halves and quarters and odd pieces.
But they had all been good for ad-
mission to the show once upon a
time and that was what appealed to
the Kids. They stood and watched
the wagon start away slowly and
pondered on, what they had missed.
From all indications there will moi
be so much excitement at the Cap
itol tonight when the Legislature
closes and the men and women who
have gone to the State House to see
the high jinks will not have so much
to witness. One of the reasons is
that everyone is tired and there have
been sporadic outbreaks or racket
/ from time to time. The chances are
that the Legislature will close quiet
ly and that there will not be any
vaudeville or playing leapfrog.
i According to what men from other
cities say there is considerable in
terest in what Harrisburg is going to
do about band concerts since an act
has been passed providing that
councils may make appropriations
for them. Harrisburg has sort of been
among the leaders in third class city
affairs and has been conspicuously
successful in many lines. The band
concert is something that has been
causing much study to the average
city official and hence the interest
in What Harrisburg is going to do.
! Just why the average boy and
some times young men make street
signs targets is not easy to under
stand and there are some city en-
| ployes who would like to know the
answer. There are half a dozen
signs in the upper end of the city
which have been battered out oil
shape and now the long SUFFERING
sign at Second and Reels Lane has
a new form of punishment. Some
one takes it down. The sign is placed
Ordinarily, ten feet from the ground.
But that makes no matter. It is
taken down.
Construction of the new road
above Dauphin "Narrows" is being
awaited with considerable impa-
tience by people in this county who
like to use the famous highway.
The Nawn contracting firm which
has been awarded the work, is noted
as one of the most pushing concerns
that developed the great Hog Is
land shipyard. It has also been en-
gagged on extensive operations about
Chester.