, 1881-11-27
4
Mr.. Randall Unchanged in
- His Views on Fund
ing.
He Regards the Present Great
Treasury Lookup with
Disfavor. =.
The Resignation Of the New York
Treasurer, Hillhouse, Handed
In and Accepted.
Kasson's So-Called Friends Kill
ing Him Off with Arguments
+ in His Favor.
How Expert Counterfeiters Make Them
+ I'll selves Solid When They Are
in Luck.
The Grand Jury Engaged in Thrash
ing the Star-Route straws Left =
by MacVeagh.
4. II. Gibson Carefully Sat Down On by
the Administration Under.
strappers. =
Hashagen Rahasles His Experience in the
Balloon with King Last
Month.
The Grand Jury Engaged in Thrash
ing the star-Route straws Left
by MacVeagh.
Hashagen Rehasles His Experience in the
Balloon with King Last
Month.
FINANCE.
uA<DA1,J,'S VIEWS.

Specta1 Dispatch to The Chteaao Trtbune-
WAsu1xGroS, o. c., Nov. .G.-Ax-Speaker
Randall has arrived here He thinks that tho
Democratic financial policy in this coming Con-
gross will be what it was in tho last lie has not
changed his views in any particular. He be-
ieyes that the veto Of the Funding bill was q
fatal mistake for tho Republican party. The
l per cent bonds now, he says, have very nearly
reached tho figure when they are the eQuiyA-
lent as an investment Of per cent bonds, and,
il the. higher priced bonds are TO be tried by
purchase, as, in view Of the surplus revenue in
tho Treasury, he thinks they ought to be, there
could be no doubt that capital would largely
seek tho j per cent investment: There are
millions OF money on call today Oh Wall street,
he is sure, which would be readily invested In
Upper cent boud ut par. AS to the surplus
revenue, he says business IS being greatly an
jured By thb vast SUM OF
MONEY LOCKED UP IN THE TREASURY.
1t must come OUT. There ut least SID 000, GOO
Of it that ought to find its way into circulation.
Mr. 4Anda1l would put this money out by the re-
denbton, first, Of this per cents, which can be
called in IN thirty days, and next by the retire
mcnt Of the IS, Which are payable
after throe months notice. The Government
has it In Its power to stop the
interest on the bonds, mud Of course the bonds
then would no longer command any considerable
premium. IthuGaiA-sAA A0 A0AutAoo opGAAo
for large class-beievcs not only that tho
large surplus revenue should be paid out Of the
Treasury. but he thinks law should be enacted
providing that, except us to certain specified
number OF liabilities, the Treasury. should not
require to keep more than Is per cent reserve
against all classes Of liabilities. At present tho
reserye in the Treasury Is not only ~ per cent
of the liability represented by United States
notes, but Is 10U per cent of all the
other liabilities. Mr.. Randall agrees with
the Treasurer OF the United States. that
whatever percentage of reserve will protect the
United States notes will protect the other iia-
bilitics. The percentage OF reserve OF tho out
standing United States notes has averaged Il
per cent since 1871 Atprcsent the total perceat-
nge of surplus cash to the United States notes IS
10 per cent, while the percentage OF the total cash
to tota. liabilities Is 81 per cent. Mr. Randall
thinks that for most classes OF liabilities. IS per
cent reserve is entirely adequate Should law
providing for such percentage be passed. a
very large amount Of money would be realized
from the reserve, aud be transferred to the side
of the surplus revenue.
FOEGER'S COMPUTATIONS.
10 the 1Ecster7l .1ssoclat<d Press
WASHINGTON, D. c., Nov. 26.-The computa-
ton recently ordered By Secretary Fogcr, with
a view OF asccrtaintns the premium which might
be paid by the Government for the ~ and IL per
cent bonds and still protect tho Government
from loss, has been completed and shows thar
tho Government cannot buy the III bonds and
the Is at the present market rate without loss
us compared with the Gull OF 31.s.