, 1881-02-22

}frSitltElt IL fIG vEfncS IT,
tax on link depuslts. Would tl,at make tho
:" Perhaps. Hut tic bill is Ind in prinrl::
pie. n1rl nig1,t not to become n law at nlt,"
was the rrply.
REPRESENTATIVE cAn1.ssrA:,
WHO wns afterwnu[ seen by the corrc-
sEH,rtlent, tnkrs un enftrety different View of
tho NATTER. lie admitted Tint ttle only i'm
1nctflate relief which the Treasury would be
Hb!n to aiFortt tho country III thu event Of n
extent Of s:0,0Do, ,0o woui,i be 10 purchase s
and u per cent bontls With the $laO00,0 ,0o0
surplus now ~ lsastt. a. 'Bnt," exe.a!n,e'l
Mr. Carlisle with energy, t. l.et thu Satlon-
nj hanka undertake. 10 tf0 the thing f0u llnyc
suggested, and they Will arouse
4 sT0IsM or 1SDE1SATIoT
which will drive them h,lt Of existrncc."
"',f"n admit, fnwcser, That IL will be
within their power to tlo t?' ~
"lcs: but they will mt dare 10 do It. The
lr,ttlt ts. Ntl 1his eOlnW0ttOH raised BY tho
ting in the world. WHY, cat, demonstrate.
BY figures that IL J per cent bond al par Is
!nofe profitable f1r them to bnnk upon that,
:" Dit tho bill restricts them 10 per cents
after tho Isl Of .]1ly?'
"Wcll II they dol't like TINT
THEY CAN GO ocr or nCs1SEss."
"Docs not tic BIZ practically prevent them
frnn q. L, winding En their own nlaiEs?" .,u
,,,,h "Whhy' no. They Gun retire their e'reua"
"Wil they be able to collect ttleir own
notes aud present them within tho thirty
dMys allowed hy the bill ~
"Illey will l,nvu sixty days"
",Well. can they !tn It III sfxty days? and
wtl nc, not their inability 70 '!o 1t throw them
,,"Of course, ii they keep on deposit after
bonts npon whie1! Interest llas ceasstl. tiey
viii be linlle under the lnw," replied Mr.
Carlisle. ."but J. tlo not believe tile law will
practically york II hardship"
tue Secretary ,of the 'rreas,iTy 10 pay out
$1,000, 900 uf the coin In the Treasury affect
lhospecfe rcscrve?" asked tic correspondent.
TIT WILL. NOT MAIZE ASY DIFFERENCE
Thcre IL no necA OF keeping 50 much gold in
sn,sn;y Tue S1sny :ner nat hrs an!.E to do with
~, but SUPPOSE tlle Secretary should Take
cllne to pay 50 much go,l :"
"Thel lie could taynr the standard silver
dollars IN purchase # Scr per cent honds."
Would the bontl'o1ders oblgct to taking
tloso co1ns for such pay'ncnts?' asked tic
vt would make no difference whether
cOtM Of standard value in payment for their
bonds They hold lis to the letter Of tho
agrss,ns,it n:n nnd VIC must hold them to tho
!" do yoli think the bill repeating the tax
OH bond deposits will pnss Congress at this
session ~ asked the correspondent
"WeIl, sir, perhaps so,':' replied Mr. Car
Isle ~ n doubling tone md manner.
House in favor of tho It'll to repeal tie tux
OH bnnk deposits, there is a strung minority
composed Of Democrats who are opposed TO
such measure.
ANy PROPOSITION FAVORABLE TO NATIONAL.
-
Inspires these gentlemen with the same feel
lngs which novaa ,nad bull when scarlet
tlaE Is waved before him. There Is the best
reason tor saving TINT thirty Or 1ortY Of
s sts oS tter snefa fa,the1 oi tho M Sa'Gn ;n
yeat Vote 1t tils session upon
the measure abnyo mentioned. IA, tIs bill
stan1s at tile yery foot Of llo calendar. thirty
| lne,nhers SO d1sposed can easily prevent it3.
consideration f0r soma time, ard cal. prolSs
| ably dGfeat 1t altogether.
SPEAKER RANDALL
was asked to-day wfat ho tllonelt Of the
prospects OF passing suc1, n BILL before ad-
sasst G5stt epy III ;sslsfit? %ss 1s a1s
gisIne an opiiiiol! On TINT subject"
OptnIon rcenr,lns tne probability Of veto
Of ts Ff1E ID hii as st,c usrs2c ds3 sa}
bers of tic ilo,lse Of Representatives wilo
two days ago tll not believe veto could t,e
Justified are now nntSpnken III their tiesire
sne s Of tie %srt,cst frisn1s I II tic n,eas!irs M sire
| show signs If genuine alarm this evening,
aud aru extremely yiu!ent IN t!!efr denuncta-
tio,ls Of what tteystyle "ti!e National Bank
ths banks aeslrc, 10 control md manage thelr
i distirg"ished ;"ea' KcpSDilca,s iisprssentailve
who Illus lat long cxperienca aud possesses
igcts, tl.Al ~ the success or iatl4re vi
tho Funding law will entirely depend i!poil
whether or not tile tax Is removed from
bank deposits,
/ II WOULD NE WISE Fnlt THE PRESIDENT
to withl,uld his approval of the Funding bin
! passed by Congress aMl sent to hlM for his
approval. Ii Is probable tint the attention Ut
tile President uny bunttracted to TITS rs n
salistactory sol,tlot ct thu present tlt!tlcnlty
already brrli .p0tnted out. Another should t,o
mentioned. The bill requires NIL deN'sits
9t hon!ls t9 secnrs clrSs,.lnl,on atter @
July e !'a Of ner cents: I'd; pie snnlg , section
Stntutcst aItl lilat section directs that all lie
1n'sts by National banks to secure circula.
ttun shall By "any uml!ed Siatcs registered
! bolltls bearing Interest,"" Hero ts q Hat coll
sectlon Of tllis remarkable Funding bill. 1t
IL understood tllat nne OF tho Republican
SunntHrs who voted for tho bill IL the rresi.
dent If Sntinnnl bank tho entire circuIN-
tio.l OF Which IS based upnr 1 per cent bonds.
These bnl.4ls, Ut course, will not he Affected
by tho new law, except ~ 1t Will tend to
appreciate their value III the market.
\ MlsArrNEItENs10y APPEARS T0 PREVAIL.
touching the construction Of that SECTION nf
tho Funding bill which enacts that nfter July
| only tho nav ) per ccits shall le receivable,
| at tic Treasury tn secMrn Tho circulation 1f
National bRnks. Mr. Gkttlllnn, Treasurer Ut
tu United St,.tcs, declares that this proqls.
ion does mt apply to circulation Mt present
secured by ~ and per cent hoI,'ls, unless
tho latter bu Withdrawn before July |.
I ufter Which data new ) per cent b0nds
ulone wifi DO rryetv,ahlr, Accnr|in* 10 this
Interpretation tllD Funding bill only effects
tho SjG1,000,O00 ut Natluual.bank circulation
scc,,rrtl by tho maturing allti u Eer gent
II tlo doubt that the lIll VII! bo promptly
signe,i BY tho President. 'freasWry Ng!ciHts
d. mt contemplate my trHuhlo with them:
This Secretary Of tho Treasury Is authorized
| IL use tho surplus REVENUES 1T the Gover,l.
M,eht for Sinking fnhA lMrtoses. THIS sME-
|us i now oyer sls OK, 100, a'ld Is rapislly n-
crcaslnR.
If TIFF HANKS ltlsUlN TO CONTRACT,
this s,1rtbIita rtu III, tllrnWn into tI1n flnrknt