, 1881-03-28

MS tho NUvurnmpnt Is At liberty TO rGgfalu
tic fresh accossions. 'l'lnp remaining partsof
tho treasy nre III nccorslanco with ordinary
humanity and tuatlrr, md there does INT
sce to ba hiiy knod trasoii willy tho So,,nlc
sltuuld not promptly cnntirm ll,e new treaty.
THE TREASURY AND THE MATURING
DEBT.
The President Inns given formal announce
t,ellt Tint NJ, extra SESSION Of CnnRress Will
not bn called, ccta!nly Will not he catlcd to
Mlrrt bufarU November next. Tho cUuftry
will rcJoce tliAt ttu President Inns l,tr.i able
tO rcacli this determination, a,ul that tic
perils md penalties Ut Il six months session
hnyG been avcrted.
Tho only roaBOn why thero should 10 MI
uxtra session wis the supposed emergency
cnuset! by tile future Ut ConAress 10 p1ss tho
bill authorizing the funding Of tic iiearly
$7o0, 900 .000 nf all4 & pcr cent bn,lls which
fall duo in May md July Of tlis yuar, md
before the meeting of tho regulur scssion of
Cungrcss. At tic worst, this culllt. unly sub
jeet tho cpl,i.try tU tho loss Of tic difference
between tic present ratu Of interest alltI tlat
ut which tho ncw bontts might be Issued.
Tl,nGpcr cent bonds will bu mutually dne. .wt,lfu
In tlia casa nj thu t,cf cnllts tfln privilege Ut
the Gorer'tttent tu my tEoitl attattlhs. NO
one Is domalnllng payment Of clt'lor cEass
of bonds. It now suuIlA tl,at thu TreAs-
nry Department Is glo.lloA with power
to 1lAko such arrangements As wtll
enable the Government To pny otf tho q per
cetlts, anti even part Of the D per cents.
Tile total debt falling duo III May md July,
1881, Mt,iDnnts to G1l,0sG,G,o; Ut this sum
only SsoaeeH|,0oo nre III pcf celits' WHO tic
eihHilluef-S4GU;1f2o,th- IN tile per
cents. Thefe Is III tho treasury hiWays
largo sum Of money held rs reserve to
meet current liabilities, nnu tllB sum 70 re-
Seryetl Ia nn,tll IN tl,o Aum pf tho liabilities
,r,,.. tr.,... n,..I ~ ~ r. .,,,, ,,.,.,,,.,.r
tn kpeu 10 n.r emit pf this fund fnatuutl nf
I'M, mr. cpnt ami ur,lar t,;s f,arovnrv ,hnr,.
arr, IA, ly, M, rnr,au uutt anl,,nrt N nan 1,v
Tia s.nrntorv 4, tho sn,,a linn thoro nr.,
stos mn nm ~ nut,ortyeft / ncr ami hnn,ls
,,t ,,,,,.s,,u,I nm, ,vh,c1, tho s,,ru,or,. nav
mi, NJ ~, tIorn,,v r..If,tny nuartv s1iY {axl.
mn ~ ,,l,,nt a., mn mn vii ha o,o,r ,,o,n.
lut thoc, 4 mr. ouutu n isuuul viii ,,ct In m.
Ilonrnn,,, nuti1 1ou-n tnrn ~ tvnntv.u,,
",,u,.. ,,on,o
II frr,hor o,uo,rs f,,,t r,,lor Tim ,ctu of
ronernsx i, ins, nm, ,s,t, ,nsspd Inr,nr Tin
Nv o,,', mi, III ,",,v f.,rrn,,eu t,,o snero. ~
,,rv NJ III, trr,osurv nav horro,v far uucl,
tor, -. IN, ,,ct, ,,r IN, nv, nm mr., isv,o cor.
.tnoat,,, .."ar,r ~ r,,,, ~ ,,,t"rs, ~, ~.
r.s,ti,,,y f. n.r rcn, n ia frrttsr .,,,roaot1
,hnt ~, snrt,,ur roxe,,o of iss, ,viI, en,,ol
@ en-, nnn nv, ,,:o,,,,, nIl t,,o., ,tano tnea,h.-
~, 'rr,sur,, I,o,,,r,,,o,,t ,,,.lu onf
,.a and s,,,,1oi ,,.It,, rxn,,ruas In, ,vI,r !,
no,,,,,.,o, t,n ~ yhn, o,,n, NJ tha ori,n r,
,,nr amt o,,,l, o,u1 o,s, ,,,oot ,nrt,., ,r,ie,,
~ t,,o 4 ,,or cn,,ta tr,n rnsn,,rcoa uro ,e hi.
1r,,a.
tmsn in rraas,,rv nyrtlanle. snoo6oo
1.uhu uorli,'aatcs.. lhO.UcO0K
suF!'as revenue e''''''.'''''''''''''.'. lp.oD..Se
Total. -. 500, ,0b9 COO
Thfs Is Without making my sale Of The
Sl05, ,O0o, ,uo0 per cants Oil hand.
The Secretary )las III this authority to make
n temporary lonn fair opportunity to test
| tho ynluo Of inonuy III tho country liz may
| offer M }ssa Of 3l'er cents, or ~ per cents;
or !n ,l,Ny offer tic certificates Mt par to those
otfnrinH to takD them ut tho lowest rate OF it,
terest; or hu tnNY otter tholn ut rot less thRn
par ut az per cent to tho highest bIutler. thu
bidding IN be open to nil persons. OF COURSE
these certificates are to bo redeemed by Or
convertible into bonds at such rate Ut inter-
est rs Congress may II year llelsco establish
for tho permanent loa',. It ts possible TINT
tl'Is offer Of these certificates will elicit such
Information concerning the value Ut money
rs Will enab'o CunRruss to reach MI inte.li.
gent conclusion III liking the ratio Df Interest
on ttlat permanent loall. Tie late Congress
Insisted on limiting tho rate to . percent. antl
tl!s ,neruty NJ gllossworis, alll without any
INSURANCE tllut tho toan ut such ratu caultl
Lu successfully made.
At alI oyonts, the Treasury will be nble,
with the menus ut Its disposal, tn meet the
fill nh,bJ1,,t If ttn Il rents tAtItu.r dim.
.,,, ,mnv =, r,hor Il. ohlr ,1rr,nv I'm sr,,no'
.s, III ,,.. s.,.., e., nm ,sn ,'s s,rv, nI,o
"lra ~! ~ ''ec' A1o''i "'''o'o'"" u @A'"'"u''
wv Ut the u per cehls.
The snt0 OF tho 9l05. .O0O, ,0o0 OF per cents
ut tl.e present high premium luls bec,
strongly ufratt ns n win nollcy. THIS sun
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