The times. (Owosso, Mich.) 1882-1897, 1886-08-27
monopoly of the telephone business.

monopoly of the telephone business.
BANKS AND BONDS.
WASHINGTON, Aug. 21.-The treasury
authorities are considering the effect of the
last bond call and endeavoring to ascertain
how the bonds which have just been called
are distributed. 1t is ascertained at the
Office of the comptroller of the currency
that OF the $4,000 600 In the call Sl1, 52l. GOO
are held by national banks. This amount
is distributed among 166 banks, and Is held
as follows: For circulation, ST., 0S6, 100; ;
| for deposits, S435, 500. The amount held
by each OF the respective banks has not
been computed. An examination of the
accounts OF 166 banks Is necessary to ascer-
tain that fact and when ascertained it is
generally considered matter for the banks
and not for the public. The officials of the
cOmptr0ller's Office decline to state what
banks will be obliged to either buy new
bonds at the high rates OF TO abandon their
circulation. In the first calls of the bonds
the amount held by the banks was less than
Ore-half the amount of the call. Now all
except three and one-half millions of the
hfteen millions are to be relinQuished by
the banks. The proportion is q little
greater than 1t was under the last call OF
zen millions. The reduction in bank circu-
latiOn which may possibly follow from this
and other calls will doubtless be made
good by silver certificates. Acting Secre-
interpreted as change of policy, or that
the call has been made in consequence of
the Morrison resolution. The call has
simply been made lie says, because the
conditions are favorable, and there is no
reason to think that the party between the
three kinds of currency wifi be disturbed
by this call. These last calls can not be
treated, he says, as the manifestation of
new policy. They are, on the contrary,
merely an experiment.
THE NEW SILVER CERTIFICATES.
WASHINGTON, Aug. 2l.-The bureau of
engraving and printing to-day began to
print the new SO silver certificates. Upon
this note Is well-eXecuted portrait of the
late Vice President Hendricks. The notes
are printed on the new distinctive paper,
which was manufactured expressly for
the certificates. Each sheet contains four
notes, and five thousand impressions were
taken to-day. Thirty days will be required
to finish them, as they have to go through
several processes, tits not expected, how
much before the middle of November, when
the new 81 and SO silver certificates will be
ready. The design for the smaller notes Is
now in process Of being transferred to
Steel These notes will be ready for the
printer about the middle of next month.
The design for the $40 plate was commence
ed some time before congress ordered the
new notes, the bureau having been of the
opinion that 1t was eXpedient to replace the
old notes with the certificate note. This is
the reason why the larger denominations
are so much nearer completion than the
new small notes. AS soon as the plates for
the new one and two silver certificates are
ready the full force of printers will be en-
ployed to finish the notes as rapidly as pos
sible. But 1t can not be expected that the
new notes will be put i'm circulation much
before the middle of November, if in fact
they are ready quite as soon as that.
CROW INDIANS AS FARMERS.
During the last two and half years re-
markable movement has been going OH
n.
of the Yellowstone. SO long as the buffalo
lasted their primitive occupations and am
billions were unmodified, but in the spring
of 1880 the location of their agencies was
changed, and they began to move on to
arabic lands in the valleys of the Little and
Big Horn rivers, to cultivate small patches
OF land, and to put up rude houses. A re-
cent report from Agent Williamson to the
Indian Office states that between 800 and
$50 families are now permanently located |
allotted to them, that they may enjoy the |
advantages of possessing genuine home |
steads. This allotment was promised them |
in their agreement Of 1880, and the last ses-
sion of Congress, appropriated $4,000
for carrying, out their PROVISION of the
Washington, and II. S. Saunders, of New |
York city, have just been commissioned to |
visit the Crow reserve and make the allOt-
ments, and they will start West for that
purpose in few days. 1t is expected that
they will be able to place every family of |
the tribe on individual allotments, and that
soon after their lands may be patented
them, as further provided in the agree
ments. Heads of families are to receive
and others one-eighth of q sec
ton of arabic land and an equal amount Of
grazing land in addition. The Importance
Of this step to the Crow tribe cannot be
overestimated 1t will place them among
the front rank of Indian tribes who will
soon be ready for citizenship.
A loss of S5,OOO,OOO was occasioned at
Mandalay by the bursting of an embank-
ment of the Irrawaddy river. Many per-
sons were drowned and fifty thousand are
homeless.
Mr.. Fairchild acting secretary of the
treasury, denies that bond call in Septem-
Der has been decided upon, but says the
matter will settle itself by the condition OF
the treasury.
The release of Cutting by the MeXicans
will have no effect upon the mission of Mr..
Sedgwlck, who has orders to investigate
the affair and return to Washington. He
has not been appointed to succeed Minister
Jackson.
The government at Washington has def
nitely decided TO remove from Arizona the
Apaches belonging the San Carlos reserva-
ton. The details have been intrusted to
Secretary Lamar and General Sheridan.
IL is possible that the troublesome red men
will be transferred to the military reserva-
ton at st. Augustine, Florida.
"nDDTNNy NvTNYIVG