The Sun (New York) Newspaper, December 25, 1872, Page 2

a i RE pn eee a a a a nen ine tt tasienan = THE SUN,- W /EDNESDAY, DECEMBER 28, 1872 . aa RUA A RE See TiS TRE cial . thes ts tis 1% rs | not da half per cont.? Ta it not proper Itted to transfer the custod nen means of reviving our shipping fnter- Teating Admntntatration organtin this olty, BOUTWELL AS, A FINANCIER ed the inte | ey a ae Wo should consider the additional expense | bonds to the arama, etre they Feoaived wee est and recovering our foreign trade back | too, ander any management, had im it hivey gave that to you for what? te oe’ Feb cicntbe, Pais than op ioe tive ver | Ain Bentretic bende ce coln, never oth ——— = , to our own bottoms, at a cost of five mil- | something of unfairness as well as of dis- ol Mehra pki oe pla gt i ou had sold the new, My lintruc oma wees operas chia cterw ate o STORY OF HIS NRGOTIATIONS lions a year; and his further advice to | respect for Mr. Gremuxy'’s memory. More- ann wee yan syanreaee, gave that to us inthis | and therefore why no re it to pay interest on 6, per cent, bonds and | the ol Mi collateral for ‘ine coin certt= ¢ thought It ‘@ close way of doin, bua é an) ay otions were invariab!| wore held 8 Br Mevid bonds WAN Mo exmiration of ie . Aan ear Wits Tes sreDt fi Tasted by the banks. ‘The effect of the inety days’ notice. We could not avold it. | ye ture ‘what tle did thee descendi Gov. M. for Naety Daye nf a iat wigs “Jecomber pal in Mr. Korr That was until the alo. 4 4. | aivaie conclude the transfer? bag bese and from the Atlantic to the Mississippi. lescending to Gov. Marcy's mercenary pu Phe - Lid . Boutwell—The lew requires gonclde tet ae fi it. bonds which we were ¥ Y ‘The meddling with the political affairs | doctrine, “To the victors belong the] Gain—The Profits of the Syndicate, fevaina, nna we paid interest omtire Az per cont, | ninety dara’ notice nding "tn herefore ray member if th they were eo ake ai ton ite of the reconstructed States, so long | spoils,” it cannot be disputed that what- | wrysnrarow, Dec. 4.—The latost phase | Ponds phe re ped geiigt, thet ia to ink opinion ia that of const Ing mon: until April 1, with the refusal of the remamder Uy ference to the interest practised, is bad enough, but the lapse | ever of honor or of advantage there may | or ne question of Government Loans Ie expres- | soup of bonds for tventy dare Tor thete ninety deve on the new bonds el ipom the idan taat. tae ‘aon iptions’ would be of years, it is to be hoped, will ex- | bein the position fairly belongs to that | »q in the following statemontof Secretary Bout- . Burchard--Giving th A a4 Congress to create and keep in operation a | over, it was thing more easily said than ‘vast soheme of internal improvements ex- | done. The Times has fought the fight— tending from Maine to the Gulf of Mexico, | whether a good fight or not—and, without Amusements To-Day, Booth's Theatre -Heery Dunbar. jery Theatre Herne the Hunter, Matinee, tre Bet, Beseeher and in amount than they turned out to Fifth Avenue Theatre—New Yous Ede Matis | tingmigh sich interference; but these other | journal, It not only belongs to it, but we | wet, recently gtveh before the Committee of | *%tmppe mom NT ye, onion: templated th Fr carey eld thee Mt tery | be: tm fe fect, when they Kgl eal Mate ek Insidtous and far-reaching schemes of con- | think it could hardly have been usurped | Ways and Means: Pe ay yh gh lg ty ER tie Es upon Od and Dew taener? Sit ivchar ‘agnount to nse Olymple Theatre—Le Cont Vierges, Matines, polidation are even more dangerous. Be- | by Mr. Courax, Mr. BuArN#, or any other | In the Paine. fd ry apbednted in Reo. amount deposited. voit other words, the Govern- BOUTWELL'S CONSTRUCTION OF THE LAW. oat Be farchera— rney Nea” anti i Apeit to com= ere tan France Mini, Mair, tides, they work in the direct Iine of events | man as editor of the Tribune. We any | retary of the | Trossury timber | ment paid eleven par cent, during the period | | Mt. Boutw rates ee ee | Mar, Rowtwel They hed until April to coms —Ding Dong Bei jatiner. et hever ‘i Heess-Heapig Benet. te that are threatening to swamp the country | unreservedly that nothing ever made us flan atthe Pa rents a i Par cent esr, be? whe rattonnl Genie art e subscriptions. They did not, ne tre Laonion Assurance. Matinee. in its own corruptions. Special, sporadic | think half so meanly of President Grant r cent. 1870-5 iM, aa, corruption ia infamous enough, but here | as we should have thought of him had we | pational banks wens jap allincluded apagenta, | extra, boca bonds so of any public tonim, Mohd the law allowing. Fhe ire erreurs to ian rena, f Was that $l red, na 1 % of one | lupo “outatan to call for fve-twenth are intimations of the estavjlstiment of a | witnessed on his part any want of appre- | ¥8° Sormmiason for neewiating the onda, We thee the ogptation of the ninecy asm ry nates re. | nit a Pinotice, and the ond ne on that ¢ | wrere'to call for fve-twenties to dover at the xe portentous, all-embracing system of it. | ciation of the support rendered bim by | advertised this fore the beneat arising <0 the part RAGS gate Oo spcaive Sungei rut | Mr. BoutwellNot not if more were subs We are willing to believe that Mr. Bour- | the Times. po! A Mr. Hurohard--Refore eatering nto” th x these eubacripuions to rematn In the b " ie an Ki) ch—T understand the abject of etvine wri doct not mean it, but hisrecom- | We do not believe Mr, Conrax could | ence with them, Dut because we tie on to Then Dondar what Sid the p pranpaerioins 40 ao? clearly within the aw, wey aye ek about | ws the details of this whole. traneaetion ww Ite mendations are in harmony with, what | have borne the burden of @ daily paper. fhe Tatuence, hat the commission Ina he pay col and taww the B TOF Kerr-t do ngh deoies to go jake any anms- | ote hae raurepion B had roe Stl tee secms a general plan. The attempt might have killed both him | quate.” The amount of bonds taken by Kurope XO COIN PAID FOR THE BONDS. meut upon the, Tue apy to ask find fear pegotiations on the sanse basis for 's fare. But, aside from this view, did official | and the Tribune, Hehad anattack of ver= | UPdat, thie yond the tmount Ce by Ateriond Pe. vas ane i bind banks, subscribing for Ka pair a nat tay of oe Yhether | ther amount, ianisdence ambition or official conceit ever rise higher | tigo a year or two ago, and he could not ankerss Wil At in tee ing ot re certain ter per cont. rts i of Bring bonds. and | |, Mr. Boutwel I Nayair. 1 do not way | that thie s 4 y 4 - | ie c than in this claim of the Secretary to con- | have stood the work. The position would | in Wwanta oneoad Bn tie gountry We took thom jun Watdiden an ue. wa a time alt wr bonds and pay in Eons ARR OES I stitute himself alone the sole regulator of | not have been easy to him. Editors are ae Ramen we Taken, hie eee Bhout You gave them five per cent, fell—I have no doubt about that, A My when this Brogosttias a8 iq the currency? The narrowness of the pre- | born, not made, and Mr. Conrax was not PR ooh wy trp amount MBeat od tb bands In exchange for six per cont., and allowed Of the mode of doing busi that ought to lay the matter before the cor $05, . them ot juarter of one per cent, a8 commis- sumption that he or any other man or set | born’ an editor, His experience with a | fons designated an agen in tha country an in wont ea of men can know enough to perform this | local shect at South Bend amounts to little | fesult of the effort was vory unsatiatactory.so tar | wt opoutwell Yor. #0 far as, tho @#5,000.000 | an function wisely surpasses belief. Theconsid- | or nothing. Besides, he has enough to do | a we were concerned. “By the Ist of August the mittee, and see if they had any view ‘differing wont +X 2 ofan from the one | have expressed ta to Oporations under the existing law, or if they thought fur« i Ny sid Bta4 thet openers one ot ht hot tobe Si pokus a under . o commission that the Treasury in tl of fi t. bonds, the interest would be le existing taw, then they would perhaps tak . : subscriptions had Sibstan ma tA — ery few otint! some subject. ‘ ss eration of the demands of honesty in such | in making explanations of his Credit Mo- | Srers'were ma afte “fie Chaitman—Well, in the process they dia upony SH oer iwoult ir, Hock at i uo further power were givens ~ —a ——— | asupreme exercise of power is not to be | bilier operations. JAY COOKE’ pore dat all Ini into the the eeeuryt k, have no power to op p interest, on the six per tose ‘ou meus Vite pe cathoee nbs For the accommodation of up-town residents, adver overlooked. Suppose he did know enou What Mr. Rerp means by his salutatory | | About that period Mr. Cooke made a propos!- a Re ink, ex~ | sent. bonds to be rede with this coin until | other 800,000,000 o 0 ore 4 Z 1 ul y Y | ua sept ing few oases, pert here was some ‘The Government | ized upon the basis on which you nogotiated Mtoe at the uptown advertisenioat ofteee siyf weet | and suppose his successors are to know | we are somewhat at a loss to understand, | ton.tothe dopartment—1_ donot recnifect, the t ate tholeaoieation of minety dana” ‘ho ove thone evact date ua substantially that which Pa id pald hid private partion, but the amount | would, therefore, as you will see, be compelled ee 000 with the Syndicate ? reet, junction of Broadway and Sixth i | A ell—If by the expression of opinion enough to wield such a power, where is | He seems to avow himself a non-partisan res, carr og (gue. T fhink tt was Set im le in derstand, Soe eens ayes the exioting tnt uring ‘gouen of the committee T aod be ae avenue, and 308 Wost Twenty-third street, opposite | the possible guaranty for its judicious or | Republican; a bolt-upright Independent, summer with ee % bonds which hed been tary of ‘Treasury has ho means as by which he falltactoryet my bony gat ey te erie Grand Opers House, and on the eaat side at S11 Grad | honest exercise? What we want, what | with adecided leaning a particular way ; an | scribed for in Burope for the purpose of five Feat | tan Nae aabe ieaen oe v baying dou! i a! Rory, Me OSE prepared toTbay Mreet, neer Kast Broadway, from § A. M. to $199 P.M. ering them. I am not exact hire Whether | bonds, and gave them to. youin change forthe interest—by. ing interest on the five per cent. ed In going, on. pi ¥ catia the country wants, what the universal fit- | unopinionated man with his opinion made the proposition was first made im there. [| ®ew bonds at one and a quarter of one per cent. | and by pay’ paring inter aix ver cent. oy po eet LR gp Pape 3 A Morey Obi ae ‘AD Aree ness of things demands, is that Government | up: and to propose to make @ milk-and- | think It was, and telegraphed to me. Mr. Cooke ES ro Theos ewan the pxach bial p | Bop sistpe se Binet ty dave. 2 Se hae wae tat ‘nou ese Lille and lot the countess Lacegited elo shall cease and not increase its meddling | water Administration paper. Well, even tow ataten that it wan made) he nthe fact, | Which the transaction rested. ‘There w know just how the matter stands. T suppose We wish everybody a merry Christmas this morping. We wish all our readers a merry Christ- mas, as they vory well know, or we should not furnish them such a paper to make ‘THE EPFECT OF ROUTWELL'S CONSTRUCTION. ‘exercise their own discretion as to will Jaw, when it limited the | whether they will say anything to mo or make Hegotlations to one-half | any recommendation to C mond by, their eubserip- | of one ‘cont., really meant oe and one-half SPL ANAIDM that it D aN ° cent.? = would not drop w ae ot thal ues Pnicoased, | Mr. Doutwell—The imitation of one-half of | , Mr. Beck Why waa itt a hen you had sube with the trade and currency of the coun- | this may succeed. We have lived too long | After conference and some modideation of the | !0g of patriotism on Ke part, of 8 ko men connected with the banks. They were dis- Mr. Kerr—Then tl try, The fact that Congress and the] in New York not to know that a great | Pfieinal proposition an agreement was reached, | read to mld the loan, A great many of them, I | entire expense of t Treasury Department do to-day hold the | deal of watered milk is sold here. they were to subscribe ave no doubt, belle’ power to increase or abridge the volume | It is something to know that whatever | Pedellvered within the iphenden ta. acriptions, in the month ust, 0 of currency at will is the most alarming | in other matters its course may be, the | the month of Sertember, and Which. aa g matter of f Beng by ti sdaes eee the detuat expense of te’ work in transferring tid in tires, lav * ‘scat t03 them merry. 4 feature of the financial situation, and has | Tribune is to be zealous in its devotion to | Ming what remained “of thy cian | Men was similar to that which animated our the bonds. “a lias i ele ‘he reason was that in the first r We wish all our contemporaries a merry | heen so for years past. It is the one thing | Horace Gneexey, and careful and indus- | which bad Jeon offered in the Febroaty preced- nkotioers tug iE ch Tee cues, Ste ofthe law tagther ghd yoonete place $1001 of that amount waa, to etry beik tire ee tah Wiimaraw Ret ® | most mischievous and perniciousin the fu- | trious to preserve green the memory of its | {ing whet this shmac Pua. wes ace | 8 aon Mr-Kerr-{would. Tain endeavoring simply “hice: led sane ture, and this proposition of the Secretary | remarkable founde: notes the highest high-water mark of that demoralization of our finances which has Villainy 100,000,000 # ascertain the Secretary's interpretation of the ‘iit wile I had a time for subscriptions in this tus THE BANKS MADE BY THE TRANSACTION, | [O.NCETtAln the Secretary tee tte han any je truth was that while great The rgreement was that the | The Chairmi tor ot * A fidence ln the gentlemen composing the Synd\- ‘should, be allowed on ‘all’ oub- e Chairman “Asn matter of fact, in, addi- | moans of stating to the committee what were Pat th tion to the one-half o cent. interest aus rates ange between this country and hover apr scriptions” made by oF bg ee thorized yaw tg be paid fa the hegotiation of | Guest ‘Stitaun during Un fo tine these bonds were woul so ea een tt Ae it 6331, 00 0, when be wish Manto MARDLE A merry Christmas with his improved health; and my Lord CHAMBERLAIN, of the World, we wish him : tghih of one re. cent; rere doe | Cibo ve vetrgeent bankrupts = grown out of this state of things. The men who were saying only a few | ty deliver, Ph a ie ae paw Doane wer ing negotiated. Treg filled r thought te waa matter ot merry Christmas, too. We wish eyen the | ~ 1¢ js some consolation to believe that the Shee that HOMAth Gueiicee wad ||mi les ceca ola, of europe. ay new Hvered tt hee tee afar, when the | MF Kort'"Y'tn ktutet, Wowever from reeoltec- | Prudence not to call toe sr inare tha an $00, an00. wicked Timesa merry Christmas. We wish | jeading men in financial circles generally bonds were to be held In the subseriptio do} Die ree Nee it were less wicked and more merry. We possession ir. Beck @ corrupt man, and would have, if elected, o Treasury until bone that had been Shree months. ena mde Su invad fitecs Eebemnet ea eases the Government lost nothing by this | tne surplus gold in the Treasury to help you ous wish the wandering editor of the Herald a f the hoot at the Secretary's proposition. But |g corrupt administration, had an oppor- | called in, or such bonds se wef sachin: {9 | the bonds reitened to: you for cancellation for in case of a failure on their part of a furnished Mr. Boutwell—We have never had in tho the fact that we have a man as Secretary | tunity a little later to take it all back and | this agement re ere ee eedn pxchange, In the seme period was the effect of the merry Christ nd advise him, just for time that they mi quite ‘@iounu of Cola belonging to the ¢ perry Christmas, and advise him, jus of the Treasury who can make it, and that | gay they did not believe it. To prevent a | of Sebtomber of any miscellaneous bonds whey | acti time thas tha quite ‘of coin a change, to divert his researc such is the condition of our financial sys- pet fie rf corruption and papeinass the oF ie Oe Mr. Burchard ~ T understand thas they mts the | Ri bear the loss; but it turned out there was no the heat Cnt a mattor of fact, th interior of Africa to the inte tem that Congress could grant the power | party of purity and uprightness, it was Egpiration of the three mouths; in othe: wey dow fes.0m 000 was susacurnED. Reet oe Sisthe Garaanees Herald establishment—another, to him, | he asks, if it should take a freak to do 0, | neces sary to carry Pennsylvania. They TaALie Wonk Tie areiet GE EE Golo Mr. Kerr—You say these subscriptions Lf Diiieroan a aa thd. Hed we A aaae is a most unsavory reflection, stuffed the ballot béxes and cheated in the THE SYNDICATE'S COMMISSION. colt or tie delivery of five-twonty bonde in packet by the, sauna ul NGSTONE, he migh' nd 601 a rs ¥ e ‘it The second item of the Cp ere = things just as interesting. Which State will be the Next Victame | Count and carried it) The sort of rare | wie fame te ogee yeas cet | bauer Bie-tranty, bo rts | y Eecary tet oat allo eal We wish the rich as merry a Christmas : ae: of all the expenses 20 cu Of the subscriber during the ninety dn Bt ane of Ue it It is one of the most instructive and ad- | Legislature is illustrated by the quality of | in the | negotiation be the first ‘000 far as cash was concerned they dl in tact. y- ' ae epee with the qivine Warning | monitory signs of the times thatall thelead- | their discussions of the question of the | {f hee Miurroat ‘meninst the G20 | PAY much chsh unttftite very iat moment, unde Ee ecw vo cate fast © lage rw omress 3 pal tse: tas of aring them in: the face: ‘It is easier for int ved t " fonal Aa | 0; % > perses Reet ety ero | the agreement ey ° through the | September because that was the day on which a camel to go through the eye of w needle | mE Nemmarempleyel by jhe mations! Aa: | United States Senatorship, ‘The Pres says | fae advarding prutlee soaranagrand vty: | dramttsrer gt fan eheh ate but te Foca ein aur | tare abel nade fet me than for a rich man to enter into the king- | ment of Louisiana are officeholders under | incations of the candidates, but solely in | cured atlervart, icf ‘the delivery of Cp at has eis oltaply @ median of thoutd have been done, and I presume was dom of God. the Governméht of the United States. | regard to their purses, It is not a ques- | Ponds Ih Burope, a stan iteauthor: | , at. Hurchard—Then whether other nation- | “Sr. Rok The dtoulty with, me bas always We wish the poor a merry Christmas in | tere isthe list : tion of brains, but of dollars, It is not rere the | rag olnety Jars? ‘subscribed for | been, Ka ny Dearibed, the conviction that they have no such ob- |" Hureit, whose orders and injunctions | whether the next Senator is able to speak, (pe Mr fo Tout tll en Ren prs Bye a oF sinaty ny furnish 9 state. gia ng to call for the mes Paneiared stacles in their way. We trust the rich | worg the first and the essential step in the | or to write, or to add to the honor of his fl ‘ihe nauional sa Seah bat aneeey py $0 up m imako up the nda not put We Out of the mill see that the poor children have warm | conspiracy, is United States District Judge. | State, but’ whether he is able to pay | $a Siete oP age were: | scribed for by them as necurity, oF rei Ot your auction i Siem ct | tenes taorereneerterparelns fx. Gres, warm blankets, and warm food this |“ p,cy,an, who executed these ordersand | money for votes, ta get officce for his ‘ad- | titeate of colt ‘epost for te ihe e amount tof the ihe qiindrew secures Wererg to er Ot fee meat or the gubacrptlon wore front te sie avnot ma gut of the pase is cold weather, | In fact we cheerfully | injunctions, is United States Marshal. herents, and to fulfil promises to the local | the bonds were tobe, waured ‘and held oy cer- | Postat the end ‘ot ninety days whoo | Tthtok that t da statement covering tae ea ilo cbub called. if the bunds bad forgive the Times for all its abuse Emory, whose bayonets, cutlasses, and | politicians.” tideate of deposit, subject to the condition that | the money would De ded to gioem X Li that point durt xt day. and injustice | during the past year J cannon, enabled the marshal to give full] That, now, is a very virtuous set of | thet’, bonds should be gizen up whenever the | sre-twenty bonds ange: by the Fires National, rbecipiiag br arate | ads ancl the oxpantion of tue Oe rity, tonnra eemiPs: | effect to these orders and injunctions, is | legislators to have. But there tsgreat con- | changer ‘To, facilitate exchange, re iis taceaiaue ten von van roruns. | sidar thet she, coln should af once, have been aD ick wack ts uhdoanen’ te ; atcn, ae H beris plied payee Brevet Brigadier-General of the United | solation in the thought that though these | Instantes we tay have taken’ ‘The Chairman You have now stated to the ther, in that case, the Government was asa matter of fact, that the Danie wae States army. men were elected by fraud, and are them- hie arrangement having been made, Mr. comunittee what has been done. Will you please | 14 deposit these old wx per centa a at gato war th eloven per cent. during the hese Of s tr sub- | State what 19 to be done in the fut fast as they cova to do It ¢ entire ninet KEL10GG, whom the conspirators had | selves venal and corrupt, their success re- | {ldption, reaching as represented to me. th oe aptwall Than fe Tne St think we were, and I accent scription. reaching. aa represented to me. the Mr. Boutwell—Phe propasition before me is a | “ay, Houtwell- 1 true. determined to make Governor of Louisiana | elected Grant, and that he could not have | ¢auire amount remaining of the §200,000,000, Yerbal one made by Jay or by his broth Here Practcaly then, when did ay alia Weeoutd not tn pod faith have called : Gov. Cooke--perhaps both have 4 in spite of the election returns, js United | peon revlected without them. ttormard, ethos it was ota matter rat the maiter, Ae T understand then, they Cooke a States Senator, and was formerly Collector ——— the other side failed to proper propostann ta Srrangem Ka HOW PAYMENTS W: Christmas without saying anything more about its being wicked. It really does us good to speak out this merited word of praise, which has been in our heart toward it ever since it entered upon its charitable of ninety Qays. The sowallty Of kuch an agreement the fg oxptrat MADE. ‘on preci: 01 i of the Customs in New Orleans, Secretary Fism and other admirers of wea be before. That is tine ret time I gettin baer te payments sa question for Congress, and not for you and Work last summer. ANtore, whem the conspirators re- | Mr. CaTacazy are doubtless delighted at learn- have tntimated ih thelt presence, or to anybody, | {nt aud decent ever pe + | PE maemattcuas fe uy. construction, oa Once more, amerry Christmas allaround. | siveq to make Licutenant-Governor of | ins that that vivacious and trrepressihle diplo- have the contract, modifed. Mr. Kerr—That ts what I supposed. Then the | which T acted. The death of so many friends during the | tn. state, though the returns showed that | Mt, notwithstanding the numerous unpleasant ‘The Ghairman-— EXCHANG! roposition is, as T undor- | same is true, T presume, of the subscriptions Mayne Pate OF, BX Fiette ‘rue aloo per ce: made by the of national banks ? Mr. Maynard I wish to ask you a velba adore if ir. There were some who he That te Pe rate of meen yr Vhen you adopted tThat Is. “the Proposition. It is amount was yory par value of @: b re. @ Pin value of the pound sterling or Bn ed mas e thatthe Motheehiuda adurend wed'te | ide. ai Pat Main ttn mf iiay severeise cola in London or New York 1 negot! to strengt of time aid the iret Nations jan utwell— a n fer pie tgaonr ea it by saves y these Wubscriptions by the return ef | that question, 1 cannot. j=] arran Bon inety-one representa the par valu@ We iee Rents than Cues Goins Boutwell—T cannot tell you at what time Fractional difference, Past year might well impress us with some- thing of despondency and much of gloom ; but we choose rather to see in it an ad- monition how short is our time to be merry, _ and, what is more, to make thore around merry. So merry let it be! 2 eal hee Col. | ™Mmors that be had been utterly disgfaced, is Ase Ac aieerepeae United States Col- | cow apparently in the highest favor with the Russian rial Government, and has just LowExt, the Speaker of the bogus Rouse | toon intrusted with very delicate negotiation | #08 -Of ninety daya. ‘These bonds wore trene- of Representatives which pretended to im- | gt Rome. It is atso reported that Mr. Caracaay | {erred to th Oulier (ras te spies, contaiing om " cach, They were kener- peach WaRMoTH and suspended him from | enjoys the intimate friendabip of President | ally, and Ido not know but uniformly In’ steel office, is Postmaster at New Orleans. ‘Trews, and that Madame CaTacagy has lately ei Bipda on the son Mr. Boutwell , with either two or three locks. (ne set it ee of keys was sent by messenger, to be delivered the whole transaction was com ne i that Ine HEArer : Prxcapack, who, on the suspension of | won new social triumphs in Paris. Moreover, | to “dudue iteardon ‘on ‘other ‘side, 7 Tels probably true thal the 00) men in the Boutwell’s Se flvete he tsld Propo- | wanworn, stepped into his place as acting | Russia has nat yet patil the Perkins claim, and | _santher Wap gored Or, See djd not come in the Yat of December, or ' ae taal % Governor of the State, is, or claims to be, a of th rap son until April, tt should ve we c if pt i Mr. Boutwett has not in any wayshown | member of the incoming United States | 4 decision has just been made in Chicago So ouea'ty cthes pete Coen re oda bane Cha paeoe sieaal poweretgn aed ordigerence soma ° himself equal to his position, except in the | House of Representatives, by Judge Davuncun ofthe United Baten ¢ ircult i ve ereekt tome. he | the la 9 | auaacos auras 4 a tn Deoginber. | red EES tees It one quality of geod intentions, But 1¢ ls Is it not a little startling that the seven the Ge ei fase auras poses tn Minos Srally bp estenrep! mh in cipher to Judge Wicherd= carry Out the pro} arrangement! ho ator the @ expiration of the ‘ninety Purity oe Se vets, Me proportion to 1 such @ godsend to have one man in the | principal agents through whom the central | The question involved was the title of a wite to | 80%; 80 as to rey, thou a Et SAVING THR GovEnsenr FROM Loss. aye. Kerr Did they not have the use of the Maynard=What are 20 bonds worth tos Cabinet who won't steal, that the Secre-] Government at Washington have pros- | real estate indirectly acquired trom her buse | eee o ee a hn Yoamer ‘in the cash | Mr. Boutwell coin as well as of the new bonds. aay ‘in New York? tary of the Treasury is almost a pub- lic pet from this circumstance alone. Nevertheless the general speculations, the theories, and some of the recommend tions of his last report are a great trial to his best friends, while the financial world receives them with a blust of derision. Mr. Bourwett having found himself trated the legitimate and lawful Govern- | band, the fatter having become bankrupt. In | room, ina position where’ ey could not well be ment of the State of Louisiana hold office | this case the property was conveyed by the hus- | Tuuched. | These bonds Ee et to Judge Ich under the central power at the Federal | band toa third party, and by the third party to y bin, From time Sy iment to Jay capital, and that five of these agents derive | the wife, the husband being entirely solvent ot Co. uo they desired, upon the delive ieee ee of five-tweuty bonds or miscellaneous bonds their commissions directly from the | the time of the conveyances. An Injunction | Made upto the Hmit they had named. There President? was applied for by the husband's creditors to | was an agreement that the rate of exchange at sueh was my first impress. on residen' restrain the wife from collecting the rents of | should be reckoned at 91, and it was so reck- | in re regard to to the former contract, but that L her real estate, and the matter was carried to | bed. Imnay state, however, we were go- | found it w: mn that point. Although Tarrestions to the e—Just about par in go ie, on ioatry. wos " MaynerdcWhacare sacy worth in London? put, were that the set coat ould Mr Boutwell—-Just the same. They would be made upon the basis of ninety days. and that no | quoted in London at about i. interest should be allowed for a longer period. Mr. Maynard—‘The British’ consol, is worth A GOOD THING FOR THE SYNDICATE. OLS ante Ud teterent thas Lam not now speaking of interest. they did practioally have the use y from ember until April, an interest on the hh us to go into the mark: bonds until our eredit has apprec Does it not occur to the mind of the most 2h | at the same time re what it now ter 4 ; into a further negotiation, T ahould want to | with the con with the Bank of Eng- | no} unc superficial observer of passing events that | the Circuit Court. The grounds taken on bebalf | vary the urraugement alittle tp this respect, Tand {t would densa be aa safe ae any arene WARM nd wallAs T uadembood tha (eanearn | iy pensation aca ie tony yatta an able to pay off a hundred million of the | the Government at Washington may at | of the husband’s creditors were, first, that under THE BONDS SOLD AT PAR. ment well make tts yet~for the security of i aaah i public debt annually, out of a surplus of taxes which he has clung to like grim death, to the detriment of every branch of productive industry in the country, and in utter oblivion of every sound national consideration looking to present solvency and the future ability of the nation to pay ita debts, thinks himself competent to take charge of our entire banking and trading ld ol tion it was this: They took the now bonds the | the credit of any other Government in the mare any time hereafter, under such plausible | the Married Woman's act of Illinois the wife | Mr. Maynard—How did that correspond with | 14% jon T snowld destre dhe contract to th ceuber tu the amount of the called better than that of Engh includ vision that in case of loss in any | {8% of Deceusber to tl ETB pretexts as were made to serve the pur- | could not hold this property as her separate | thy market values | way aie bank taking the subscription should | bonds which had ¢ sl wong aie iy: be that ble Prag oe poses of the conspirators in the Louisiana | Property, becauso property acquired from the ‘ be responsible for it.” Tdo not know that itis case, overthrow the Goverument of any | husband ts specially exempted from the provis~ patter of fact it was found to be | very material, but this occurred to me as aeate: | {He lnterest of all these called bonds stopped nent at all, “A trust funds in Rngland ure by State in the Union? If the same pretexts | 129% 0f the act; and second, that at common law that Is, there was no loss on the | gi December, so that they got nothing placed in consols, and the ‘ ' the busband ts entitled to the rents and profits did not exist in any new emergency which fo delay; wacoph in the inattes of conver | Medetetreat Ueieath tr ene A ce In exchanging the bonds, passing through the Lnsolvency Courts and arose, could not a ring of unscrupulous | yniess the property has been specially Nmited to | 94. plotters like Loca, Packarp, and | her sepa -1 understand that the interest was | bate Couris Is put into consols. Prxcupack manufacture pretexts to or- | both of the e a. Roberts—-You stated that the subscriptions how 1 for ex- | made in September were adjusted to the first of change was in fact par val onth, Was the same ce a of the wife's real estate during connection, | \ Mr. Houtwell—Bxuhange is reckoned at al Pilboieiiiins wens Le Gamucantaea ce eee cat . : ped on the so-called bonds the Ist of Sep- ‘Mr. Maynard—Do you mean us to understand, hat was the theory upom which we subscsip tone made ln October and subsequent Bon bie th therm were not fact, | in the brow eat significance of the expression, ceeded, i e t vy t M returned until t hat E want to | that the credit of our Government Is better to- e use, Judge DRUMMOND sustained } fnstances but Tatould wah to take some furs | jit, Boutwell—Yes, we edjusted the Interest | Enow is whether the banks did not have the use | qislian tear of any Gaverument in Europe? points, but also sustained a polot | ther precaution in any other transaction. ol ry 7 - ‘0 say that ‘ i i 1 . ¥ " Wr! Maynard 4 ‘a be the | ibe Chairman: "You mean to say that the en- | SCe'nuainess far & loner portod of (Ie ene |e een en ee uper cents Amart- interests, to regulate the supply of mon der? Yea, could they not, if need be, cre- | made by opposing counsel that the Courtshould | 4. Maynard that ts understood to be the | tire ‘Mlowance of iuterest was unly for throo Mr. Boutwell No. air. {do not so construe It. | gaubonds would be worth tore than the four by holding the flood gates of the paper | ate betterones than sufficed for Louisiana? | order a reference to ascertain whether any pro- | (igo. Doe Of Sterling vale In exe je om that | montas? ot see how they had any advantage fr pa cents. tof any European country / circulation, and to let on and shut off the | If it wore nevessury to quote the Louisiana | Vision has been made for the maintenance of |” Mr. Routwell ANOTHER CRUMB FOR THE BANKS. y, They reallzed onl alt You; English console do uot supply according to his individual sense of | usurpation as a precedent, and the cases | the Wife and family, and if not, that the Court prierie hen tut Taany pariisulge "M4 | the expiration of the nincty 4 se oytof dre What was tho rate of interest of the necessities and requirements of the | seemed not to be parallel, could not a sup- | “ould Make such provision out of the income, some of the banks made a few subscriptions | fesard to the six per cent. no | the recent French ly ers 1 iti t " : on the principle that where a party Is seeking outside, not to a ve! large amount, we had the | Capital in thelr possession which oon ‘ould Mr. Boutwell- Five p ent; yet our five ps Whole forty millions of pretty busy and | ple Judge, of the character of Dureus, equity he shall frst do equity. ‘The effect of the | f right to call for bo: ‘end of ninety days’ take, oF on whieh t y could do business, Tala cent. bonds sold at par, white the French loan » bly elliget ericans 0 00 rallel ? ~ * R90? @ es r rT tt ahda we | 806 c tl the five per cent. bonds unt old at about eighty-four Ls gry ule we py aes ricans Who 0c) make them parallel? In a word, when | decision Is to {uvalldate the wife's title to the ped iw ie aisha Trasianad ty ndthce Oat faa whe m0 OF the bonds We | The six per cont bonds were Tecurcied er the | ur Rehetie. by you know at what rate the cupy the United States, rae arbitrary power starts for its goal and | property; buts reference after adjudication in | which they were to receive these deposits. At ] for the money, we allowed it to remainon de- | ovln paid in thelr stead. German loans sold during the war? sine tar That we may be sure we do no injustice | meets with obstacles, does it stick at any | bankruptey was ordered to ascertain the value | 4! {they objected to the arrangement, but | posit inthe banks in some Instances, and thls No MONBY PALD INTO THR TREASURY, pe gtioutwell Bvory, loam sold below par, p Secretary, we W sport 01 5 =p hes. 4 A@nrer yer e aft nally concluded to accep occurred only while woe were waiting for the | Mr, Kerr—As a matter of fact they did not put | Russia negotiated sis @ the EAT, we will ny pe 43 ur well means, foul or fair, to remove them out af | of the income derived from the real estate in THE RESPONSIBILITY FOR 4 DBFICIT. bonds which i been called to come th, that money into the Treasury at ally wes than ninety. : nigh incredible statement by the following | its path? 0 that the Court might make e sult | 7 ccnsidered at the time the contrect to ine | wit’ gc As far as this arrangement | Mr. Houtwell—No. T may as weil say that | aNoTHKR JOB WANTED FOR THE SYNDICATE. extract from his report: — - n for the wife and family, clio Virttally.& remain oo eae eas . Cow ed have never | never contemplated that any amount should bo | “My “Maynard—The point of my inquiry was “As the circulation of a bank Is asource of The Tribune, a the banks taking the subscription for these de- delbeiadl o yt in the shape of money in We are gad iat Mant Wiaveat eae . Hancock bas taken the command fortis wotwttlstanding the ‘money had ‘gang Nerstand. ‘The | gave bean o’ trasses ae Teens cient got hold of the Tribune, and we hope he of the Military Disislon of the. Atlant, having ifthe bonds dopielted did wat fendi eu te petit in have always Beeu ‘made ja hat | Government coshave recelved colar nt Gout will do well with it. He has hardly had g | his headquarters in this city, ‘This gallant and } nieet the coin deposited, I wished Mr. Rurchard—And in the cases where you | try’: auch onetuet the commerce of tle cou lay that, bas already ocourred. ttyl ee oe ther we had better perhaps wait a year or two, until we are in a condition to command Letter terms than we now can Mr. Boutwell- [think we have lost by the de- profit, and as the managers are usually disposed to oblige their patrons by loans and accommo- dations, it ean never be wise to allow banks and parties Who have pecuniary luterests at stake to crease or dina . 4 vale 7 banks should be responsible for the differen bik QO of Congress to pass the first bill proved nigh the volume of currs in | chance . Sf here. | @stinguished officer will be welcomed here with a \ have allowed the money to remain on deposit 0,000,000 of coin, It would h cs wis 9 Tj the country at thelr pleasure: ‘Nor dot hud the | (UsBce to show what he is capable of here | a. secistection by all classes of ous cltisema, hi pon 8 Greful examination of the contract. | jouger than three months, tho six per cents {ae operat bankruptey, ea BATE Pioeuney Great Wo lucy to the country. neo of Condition :of things a law of rule on which tofore. Mr, GREELEY remarked, in regard es RoNer ar point did not seem to be clearly | terest ceased, Mr. Maynard—Was not that in Gongediuere ci ¢ views I form the r) " ene t Jesnt S nos eneen Wo be elaae Kerr—The money was then really in their to the management of the Tribune during | Members of Congress will begin shortly det its ihe Danks nia the subsc niptlon were ate, Bee ee pag though Angier roca hy his candidacy, that Mr, Rem, being a| to inquire," What's got into Hantan?" ‘That | bound to make the Government good in any Fee iret Kom sir: the Government was | th, ; , id A . , Wh 0 Lh ‘ ant gacd Mr. Bout theory of law, should actually have beou paid Wore! LOOuty lemeneeiti waa rare fan Ain | amimanh Gammon esice io Lavatelans action at As remarked, however. ‘upon that no loser, ‘The interest ov the bonds ased at © agrecinent was not entirely clear and | the expiration of the ulnety days’ notice Tf they | Ute the Trea ten’. bonds previous to 1 ean War Gneevey to use a Latin purase~could not | being useful sluce he adopted journalism. Here we lation f should wish tohave | were presented the lat of Tesam hon es alarae sant Bontwell THC had bean pald. ‘That is to ‘a i H do as he might if he were differently | b¢ !s saying in Lis Washington Chronicle that he Astinelly capressed: do | portion of thein were, dve per cant, bonds were we had bonds In our hands of an equal auld have disposed of the p00,00008 Gre ‘Ae situated, Now, however, he has fui | 8 Feminded that the Philadelphia platform de- safely rely, Opon th clusion that the clroulation of the banks Id be fixed and linited, and that the power no the volume of paper in circulation, Pithin finite estabiinted by law, should remain in Uy Treasury Department, idental circumstance of the Geriian well-We could have negotiated the t. bonds previous to t nan War Mee problem Is to find a way of inpesasing the curreney for mo 01 per cent. bonds, and probably have followed not think there was any ral about it, thit unt, There was nothing loaned to then ia Wit large aout ori and d pet ont wiven in exchange. matter of fact, I bo | 3 Neve, a large amout ank: po! Se Re Maynard—Then your judgment ts that we 0 ol hat * ivilege ht to b land but still that was a point I felt a little dis- | ed out for some eee i ir. Korr—They gave security, but did bot pay! Mr. “ 5 Cons ing at once {| swing, and we sball seo what stust he ia | {iutinea’ and ‘ue way prepared tor eanceay | Lugosi abut atone tne. Atte tie bonds of | eauled ware et bats HE Hiouiwell-mfiey bald: by a hankedaoctt | bad bette dlanoas of te remaining 9 per ent Be odaner to the Danke wines nat inthe Tenet | made of. We hope it ls goad. miscellaneous chai I delivered the | computation will wel tbat the ynderthe law. The six per cont: bonds wk reduction in the rates of postay arrangement was then (hate call for the romaine | tarest to the lat o last duly is eulecigns in iteeit | fey exchanged were coln seourity without says—It's very sudden, but read It alowly aud | {ag amount should be wade for fve-twenty | to cover the entire cost, of this nego fation, ine | terest to us; that ts to say, after the Ist of Dex ond ury Department can the power be repoued 7” If we are not mistaken this undertaking utwell—! cannot see why we s} oul: t. Interest when we can get 0) ‘The project of bringing Mr, Couyax h might have resulted, possibly, in secu ‘That waa the arrangement, and !t was | cluding the payment of C cember they bore no interest. It was only « . 4 | got the sense: successfully carried ‘outs fhe sqcouuts. have | por cedt. on the ten chasse of occ ku ng the | Westlon of settlement, is quite beyond anything that ALexanpen | the renewal of a large number of subscrip- ia ae romaine for the Repebite malaria Jm Congress | been car hrough the Audices and Comp- | same 1d of ninety days. In other words, THE DATK OF INTEREST. Hamizvan the Finst,to whom Mr. Bour- | tions; though even that is problematical, | ‘°2rove Mat ise wg tees {rollar’s offices, ‘There has boon uo diacrepancy ‘$200, ~Already Two pondence of The Sun, ELEY, Colorado, Doc, 19.—T notice 1 Either something's the matter with Harvan | to the amount of acent in the transaction, for such an arrangement might have of- | or he ts going to reform. On the whole, though, TAR DATE OF THE NEW BONDS. fended more than it would have pleased, | we incline to think that he is insane, It would | Mr, BurokardWhat was the date of the new | {rout Mr. Kerr—I understood you to say a while ago thas the new de bore date to the Ist vor | Co ing the commencement of one ‘quarters, but that when you sold WELL has been likened, ever attempted. We do not understand precisely from r the journals of the day that i Ls L unplation Uy Th th rest cor . y fi what source has been derived the extraor- | It could hardly have been gratifying to | be the easiest thing In the world to break a will aie GE ROUT hands aa he | reduction of interest ‘pte ‘ 4 Pask you to atate whether arth | leading citizens of the the Union, ‘inary purposes of consolidating all } any friend of Mr. Gnexiey to see aleading | made by aman who believed the Philadelphia | stat Aatet isle The eer tll, dated the | ere both the matter of Interest and exp tocommence cartier? 6? 7OU sllowed interns Sishaee Creeley apnament of statue is i mary sorts of power and authority in the hands | political opponent seated in his editorial | platform meant any thin, tho Ist of September, They wore WHAT MAS THE GOVERNMENT GAINED? | at's Sah on 4 i Yds th ati wil ‘lou he eggentie Arty response (liroughont the, land of August because that was pay da uarterly, and the ' ef the Federal Executive, which mark Mr. Houtwell—I ain not aware of any such the present Administration, This extraor- Mr. Kerr—Let me ask you one question as case when you speak of the Syndicate. chair almost before the sod had fallen upon of ‘Lunes matter of explanation, You have exchangs est was payabl — An Administration paper denounces as " In reference to national bank ates Are re ti . ri ‘ Was one of the pay days. ‘The interest from a r cont, bonds foi = 4; anks other tonto the fact, that diuary recommendation of the Secreta: ise Ine murder Wa} in Brooklyn the | « mean and contemptible” the story that Mr.'| August to Seprombor was alfuwod tothe Gore | Noweif dieeoat tats a milatita tan ote Samnectod with the Syndicate, did ‘no mvc Beloved and to due eed ion e etary | other day a witness testified that a wife, | Corrax's Credit Mobilier relations had anything | ¢Thiuent, so that the bonds began or un for the fea would it not take the new bonds: just one Mr. Houten NSeneralt th i ie" been Puidhtully “engaged it of the ‘Trewury is of « piece with numer. | sitting beside a corpse, remarked that if it | to do with the breaking off of the Truune neger | LeHeHt oC the subscribers the lat of September Your to sare the cot of that one por pressnted thelr old bonds in exchange. for the ‘ » ? « ) a) 6 COUpOn Ir, Boutwel ol \ hed ous others of @ similar kind emanating } were her husband’sshe would dance on his | tiatious. ‘That sounds like a paragraph left over | to taat date. Chat woe & matter of oe etbon but you will ree rtesrait ee gas aout Cine larerens wee Ais gs n the day ia life, broad, expanaly yom other quarters. Take, for example, | grave, Now, an act very nearly akin to | from before the election, It sounds quite | *nply. of earlier, and most of It at @ coat,notzexcecding ay We tio wont ce the persistent recommendation of the acre fuuniatloned ob this proposed performance of the derelict | matural, And yet how rare they have been since vate Chala: FaeAnagelved from them these | one-quarter of one par cent. ™ icoeanae ‘Ny wife would, as it seems to us, have been | the committee was appoiuted and the personal monthe’ tutorest was yet to ruby since that one per cont. was spent in the subse: | not matured on the m the placing of Mr, Convax in Mr, Gamxney's | ©)!4nations begun, bonds es security fer the, atgponut nul ectenties | “ght poaatia shoes. It{s much more decent to retain! ‘Pimper forthe Navw Depart Right of the subscribers to d or for 2 United Mr, Rurp, and we trust it may prove more r for the Navy Department has to | States bonds tn exch: Ore, tthe end of three Postuaster-General that the gigantic pri- vate telegraphic system of the country *hall be absorbed and controlled by his de- partinent, Then, again, we have the crude Rare irace Saueiee | a ng folds of eran, of Sdere rere coupons | aud extensive cals tor rt their full vatue up to that date. Eomponed of et ir. KerrWhon you sent your agents abroad Incustody of the now bonds did yuu at thane i y ry ere not paid until | time send any old bunds ? iris le our monument ty HL ley, should we Tecommendation of the President, that we | ada be “thoroughly pickled,” as we see by one of aa ok took the bonds dat had veon called, | fory ceased upon them, Mr. Boutwell—Oh, not be proud of him and it Poe Oy Suy kya, 7 ‘antageous to the conceru. 4 1 value of them, including the Inter: Kerr You epoke'a Pre de gent nothing but Lis oo ARO WF 100s GANAS Mull establish an enormous eubsidy system | ine eeous te the oo Pine ike te Country papers, “That secounte for the b hile ago of the ad: | the new bonds, ‘They brought home the old ditional rr . Fer cama ““The Chalrman—Now take @ boud, the Interest | fuseruay Gah panna on account of ie ninety day The Christinas number of the FYth Avenue Mr Kerr—As a matter of fact, were they ever | Journul is elaborately iluminatod