, 1881-02-24

vi ltAt 4uISil0ll.
THE MONEY CRISIS
RtTl'AT1uS.
Special Dispatch 10 Tat thttnao Tribune.
WAsltiSGroS, d. G., Feb :+l-1t Is lDw
| expected TINT tho Scinte Funding bill, which
| Is a, tle Sprnker's table, will tomorrow bs
| referred to the Why's nn.l Means Committee.
| II not, 1t will t,o considered without refer
ctlce. Strong presstlrn IL being brought to
henr upon that Committee to seeurp tho
atlOltlou of HI amendment which wilt pCr
init National banks tint desire to retire from
business to ,o SO, In casc they do mt wish to
continue their circulation upon II ! per
cent bond. AS tue law will stand, st,ou1d
| tho Funding bill be cnneted, thu
National banks wo,,Il find 1t very
1i0lcult-ainust impossible, III fact--
| to retire from business, nnl would De con,-
rcllel tu lnIk upUM n i per cent hnHn
whether they should desire to tlo so or not.
| Several members Of tho Ways tuul MEANS
Committee who hayo had their attention
called to the subject fnvor s,icll Al, nncnsa-
Mcnt IL It should De adopted md be passe,E
by tho l1uuse, there is mt niucl .loitbt tint
| tic Senute would agrcu to It.
| THERE CONTINUES IT, he 4 GREAT DEAL OF
| SPECULATION
rs to the probable action Of the President
with respect to the bill. lIu, from ll,e first,
has Indicated TINT lln would sign
! H. Tho pressure from tho banks
| md others, however, Is now very strong, and
SOME Of the epponents Ut the bill say tut tho
! President fnny not slgl 1t unless tun9rcss
siMll "ss blu # sast tem1y'img M te tux ol'
yesterday j., upnn tho Spenker's tab!r. X
| pretty careful cullvnss to-.lny indicates tho
probability ,lat tho House. will lass such II
hi' L., slthoaEa shsrs !t,, may b. soo opposiIo',
ta !o 7egatS 2essac s eas,rss @ fFs fo oy Il s HFEl.
ence,, however, IN suclI case, would bR
Tue identical words Of the Senate bIli, ,,'d
SEMI It to thu SENATE. wliero II wouitt bu
ngrcetl to without opposition.
| AMONG THE 1}0Sl>s lsECESTt.r C.sLLEn
for reden,plion BY thu Sccretnryof thp Treas
nry. nrn sStxW, ,ooo Of thy funded Is held by
opportunity before tic l.cluuiiIng bli 6e-
coi',es y law, to d;W'slt grccil,ncks and take
possession Of their bo''ls. They cau only
thy, en!,nuS;el ,premiull!. ,n,.l II thoy
eolnpcle:l to accept y or cvLect ln their own
mt'!es and SURRENDER ,rs t!!eA rMre ars ssoo2,
Treasury to secure circulation, ntiu,. rs they
nre nil a,nt'lig the. highest numbers issued, It
Is feAFGu tint tile banks holding these bonds.
icxt uaIi, viii Niso tilko atvnntage OF tic
opportunity, aud, by ilepusittng ttle equivalent
IN grceiibAcks, tnke up their bonds aild sur
render their circulation.
If TliEst: AprlEEtESsloSs
arc well founded. there will ho MI immediate
contraction Ut tho currency nf Sln,U0O 00O In
addition to thu: already rypnrtetl, ntNi to be
ntled to by tho ballks wlltt;ll lllay ctiouse oil
general PRINCIPLES to surrender their clrcll.
iatlon rAther tl:nn aeSspt tic new terms offered
by the ltefuntitng bill.
THE KICK OF TIE NEW YORK HANKS
against tho anticipated pasSage Of tha Fund
ins net y, for wonder, being mt With co,ll-
nlcnttabte grit BY Secretary Sherman; and It
Is cfetIitablu tn l1nI tls.t lie has ttken steps
aEainstt them I3 wlsll my call I,att ." ts
f!ccrs to think twlse before u,ey surrender
thelr circulation. OF co,Irse, tliis cln,.ior ef
tho banks y made, ut this time fur double
from, passing the. BIZ, or, II t|le event q Is
When business closc'l ut. tho Treasury
yestertlay tlls banks had iade tupos!t
latloi. Secretary sScraan" tool; toI; s.d,. Sctiyv
lSsxs Ssx'ks. liz !ssae ca, foT osG9s!Se Goo Il ~
per pe es'its. The GILL; instead ct be!nK III. ths
cndes tho numbers lust issued; THIS VIII
llave gone right down tle list, eUnltnc,lcing
with tlle first bonds lasugd. Tie banks co,ttd,
the bonds they hold Would he called Iii. Just
bof0ro TINT ttlAu they would nssfsn their
slDllas TO s0ine ll!cnlt'er 9t tho 1lsse. In do
nE ts ~, th9 @ Ssls %1% eyp e x,S rsrsK
ing this tttIe Ingenuity tE,o cull fnr tho secl-
rifles was put oil, and timy continued to
lraw, their I.igl, rato Of Interest. The call
Just Issued
KNOCKS All. SUCH CALCULATIONS
rs these In thu i...ad. Treasurer t;i.hlnn has
received II dispatch from tho Assistant-
Treasurer nj ChieAgt, stating TINT the Mer-
chants' NatlHIai Bunk ot that plaee desired
demtstt. The Treasurer has tlllswtrtal ttlut
nil deposits to withdraw circulation must ho
l.ia!!u eltter Ut, TIC Treasury l,ers nr IT tho
wsts ~ s sM i. soa rtf M ths IT, G5sis taSs
WIN ufe dcpoS!t.llg to Withdraw clrculatlon 10
n.goUd lea! of trouble a.uf il,eo.yuNiellct..
Under tlip law sl!eY r4Ilt! 10 required t,
te,!der nutes. Must Of iha tleposta ,I,atio ol,
this account have bcen III gold. If tho
,lrGhs.Iry would REFUSE IL tnse guild, as 1t Is
fully empowered tn tlu. tbs banks wnuit!
iko thu ptrnle king, tllo Treasury valves
tlsas punt atn| acccpts the guild.
lsI:vESrE,
10 lhs fFtsftrn hsIosLafft PrttA
WAstItSuroN, u. e., Feb. 1a.--tr!a receipts
| frNm Internal IovellltG tt,-ttAy weru SEsi i1B
from customs, S7J7,&D. Ills Natl0till hunk
M9tes received for redemption to-.uy ututtlnt-
cd to $3i,,QOo
! r1.E LEuA1-rESnEn DEPOSITS
Of NRt!onal banks TOR reduction, 1T cIreua-
Lion ailce tho l,asshEu IF the Funding bill by
Tue Senate aRgIeAatrs II, ,'tE. 1tD. 'fhn rnll Vi
iiln Secretary Df the Treasury Of FeIt. FL fnt
sld,t''f!. 5W ieKlstrrtal . per cent bt,n,ls IN.
rllhtta bonds bto'a&lHg to eEg'ity-l,tnu M
tIo'Ial bAHks. ain0ullIlns to ss.44A, ,HU.
b RkT1AlStt CIRCULATION.
Tie AnIullt Ut leKal-tt,ulcrs received by
tho Treasury to.tlay Lft,,n the National bank
fur retiring circulation WIS u, NY, ,uGU.
blSCE NOV. |, lss0
there i,us been Il net lIicrlse of SiG, ,,O0, ,OOl
8 per cent b0llAs depDAttEli tD securu ciruulu-
llUli MD Il decrease Of &l4GtU wv pcr cents,
aud ~. wv ~ per cen t..
CABINET GOSSIP.
| BLAINE.
| Special Dtspa&eh to 1hs Chtsa9o 1ttb4ns.