The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-06
STORY Of PUBLIC
DEBT IS TOLD BY
new YORK BANKER
War Bonds Always Rise to Par
in Times Of PeaCe-Sinking
Fund Takes Care Of Loan by
Date of Its Maturity.

T-- ~ -WT-- ~ T--TT-T-WTWT T"UWT IT-
~ 49, Tbis WIestiou
a. ~ -stnr,native i'm a
.h - 80 49, ,gsued nv The
SSSS - Is. pa,tcrs Tr,tst conpanv OF
80 NJ This hna4. which IL en-
,t,ISa ..C,,r p,,biic neht u rfves a his
,nrtesl arcounf N Inc nuhdc debt and
Sescrintion ~ tho Iinited States bond
S.E, 81 I, c1ists today N is poiuted
~, ,bet sfter syerv critical period IN
~ hIs,ory ~ the country government
$500 Nave advanced in market value
~ narLsd decree For instance. after
ne fmndinF on The Revolutionary debt
In t7so Inc first transactions in the
si,, nsr cent bonds we're made at
~ In i7gt these bonds sold up to
iii and in February Of 1892 they sold
III ~ I9S This advance. however. was
~ y A a and caused by such AN active
-oernIation ,hat there was a reaction
~ a Iou,er figure hut all through the
49, 100 the prices ranged from 1D5
~ iie mr. from az 10 40 POINTS above the
pylres AZ which they sold when first
issned
Some Early b0nQS.
IT. 80 II. war
$500" 100 ~ Tho limited
81 IeLS, tne IsIaIry,S ~ and Erance
Staues VIZ 80 ia nsd ,hts unan,ihtcd-
wete nnueh stta.'Vu ~ ,ha nsrlct nrira
y han al ean.N, auapt tes bnIding Them
in the nsishborhood Of ioih to 1903;
when me war CloIu pIUNT nnnnen-
prices aeclnsu very he" n5sS whSch tbc
uoh WI, 'ne no"nsSorv 10 isaue
g~oVerhnleht 'ounu =, aa was tb"n
inc SIX w Ns"e ST. a GO L. tSii
Saieo' sou a ss i Is,i and touched
vent uoNn 70 % :" &c ~anInUing
,.hhe I" atJIon ~ nearr in lSi5 he
We uecIaIa.loa ~, " Oh IN Ma 10 esis
p.lses y@e ~ iiSoeIit ~, az nrirts adj
anu AZ IoIo y We t,an ~ Ian
Naloo hUr" NV ~"
us.yi Lolv, 49, Maxi,ar r,r tho
~ tne t,ne VI az hottcr
kuNc'im'et Nyut 49, tha vor
,na. y ~, 'uSt p,nU hn,rds Werr
uhhteu 3'a'sa . IT,. ~ und a. no,
hei.hs Az nno W. !" a.. yar in
SseHe - uo op"ms soyIaa a nor cant
honds NJ from loo 10 ioI In iSt7 ii
oVH"s ~ I'm NtnIii "a no for
va "Dtg ~ oo."tn I, Gonteuhe,,
nsAes, lne we" o a., ~" nnr,ndI.
v, that yeaI, 1870 ~ H. mCS 49, cent
10y "NNa,NI, :. ~ ~ ga uat
stoek whIoI III ule ca,'S piiaooTT' ssHai
Year nau pce" H,nn'e -
gown 70 az 10y" as IVY nut W nusnd' Va
tne iolIuw'ns seal ~ va" " ,nn5y1D,N" ~
.vsaN ahu W boNe'"uo. =" ~ ~
isss the . per oght pumu3 sp"u ~ "
~ ny ,h 'uns tney Ie"'"'" i'
Civil War HISTORY.
ma A. ,hn War
SLY ~ Wy vouiso ,,u" Nv ~" =,
~. uu,,uk NY MI a,ler NY w 70, ,c =
soay snt mnsr ~ VA a ntS 81 ibn
n ans M tInanni,o ,ras
ioiIIeL WIS =, snu on's t tha n ion
tstI,eu vi ~ Wv t".e w 1t no "bttg"
o,,,,ttns ,u,.hhTnohh ~ tha tro ~
nult.rs "ni'n "1nvt w "Vaeu,S' w.
paana'y u. a's ousni'tats y, an' M =
49, mnnhpos saa'o en 70 t astT,, annma1
$50 = maa &c III nno. .n,a ~ 80,
Hsannn ny, 90 "tn ~ ~ ~ oI me ~
,ha wv or r,o,s .nId I've ""sur1v !
,,,i,h tha sv,iIat ,hbooto oitesoaat ~ hnrb,
49, y ssI ~. IL a,'n''su ny oVm m
wepu nunhnans ptaevu ~ pa, Set NV
run@.g W. " W u,piVn ~
nr,aa uhItnh ~ ~ msn, ont s und
raSN ."' 80 a.
na,a w. No .ma' !" Ia, ,um1 "
ss". 'ssn'. ~ tu.as ouSennhss
ao,,sr y NJ, NJ, unnnd 1sat tn rni~
,ssn w." W. ~ Sanaa tn"n w nutyi
NJ ios were ]aetuaItv worth oE J .yo,J
ha,is al. oSSnt ~ anL,n 80
,ntarsst nost az ,so w, nn" ~ t,n as.
nv over n ner can In Iap,,ary isgs
Wy oV..II ~ pt' CenL ~ January, iooo
ssmmS e'iTrh pimo '" Sv S,NeS III ~ ,M",,
y.asr and In M ~ na, va -,
on a gaid h asis =, On or 100 Hn S "a ,'a,
80 - eeT ~ ~ n'"''s Nv w
I anu ans ,aa W. W. ,mU ~" pul"t ~
1Sa ion, AIN, ~ ,he ro"n "aNnn,vo NJ
,h,ns % ,imo ~ nm p,vE,'"n 'u,S r'o y,
,aI,o Ky, ~ Wv nu,'S i~aa,aua'ou ~
vanced untii in $50 they were selling
~ I'VE So'u Nalne, -
ra"im "aAlihuni hoNual Hteres!
"a ~. aoS pet 1v"' uu''ns tnt nelsh.
- "%1o-nh heea' any y" per ceh'
oass ,oav; .ne eIeuLt OF ne soSo
s'esuHy ,nploNee unt' III ,ets
,esn 10 ohaa per eent nasis Shu III
.sev VI ~ VI Nemt paels, anu ron
sush w e~ohunuauS lhproNeu uhti
,anaa.s pvnos wv y W. 10" an III
A. oasus "s wv pei esul.
,eaaA .ne smne ~ Wy currency crlsis W
ss,'' Will fieslueu' tieVetanu os
smst peisoutt eouiAsr prevention gen
p"uni uptVy Wy ms ap's hunallhs
~ = stanlioli orousnl on ny Nhe e.
- w aiaoaa's uosster up me pflc,
VI slser, was lounu necessary TO sci
nuns,uerante amounts OF pohls tor thC
tutPVss setuiing Roia. one iark'
~ ~, tW"is was solu III fepruary' ihso
=, n9i,'' ,nmu "hotnel w iNso
~ ,sau AheSe peAus advanced III NV
"aasw
we OF lhanelng th'
"n n wal y popular loah at j. pc
honas 800 WaS plaesu at lVo' ihes'