Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1886-01-07
TIE lAsT oAlL.


llonds--A. rlrnllaral Statistics,
WAsHSaroS. December al-TFeasurel
jordan said to-day thai the Secretary o. The
Treasury was moved 10 Issue yesterday =
call for $4,000, 900 lhree per cent bonds Ia
order to prevent any uneaslaess h business
circles touching The present movement "
gold TO Europe, and to give assurance thai
the Treasury will use lis gold 10 supply
drafts made npon banks foT export Il 10
not Unprecedented at the Treasury Department
that the foreign exchange viii long remain
" the point Al which profit Invites the ship
ment Of gold but the department deemed
u prudent 10 give notice hy The call oi
bonds that the Treasury will DO whatever ls
demanded by the public Interest 10 prevent
needless alarm and panic Ovrr TIE tempo.
mry advance ia foreign exchange This
may be one Of the causes that
influenced The Secretary OF tho Treas
MY IN issuing the call, but u IS
not the main cause Il was known snyerhl
days ago and before the export movement
had sot In. that call Of bonds was being
considered, and Il was stated IN these dis,
patches last Wednesday night that a. call
wonld be made early In January The fact
is that the large and steadily aceumnlAilng
cash balance IN the Treasury made call Of
bonds imperative, and the action Of the
Secretary was hastcned by the dsconient
with his policy IN this particular, which he
and the President daily heard uttered by
Congressman, and which was finally voiced
BY Mr.. Beck ~ his recent speech In the
Senate II is pretty certain that call for
bonds would have been made hai Mr. Beck
not made his lpeech, but II Is doubtful u
the call would lave been issued Until the
condition OF the Treasury after January
was ascprtaned. Upon that date nearly
SIC, 000, 900 became due and payable for In.
terest, and Il was originally determined not
TO issue call for bonds until there should
be signs OF the return to the Treasury OF
lhis January output but the public agi-
tati0n alluded 10, and the steady nccumula-
ton Of the Treasury balance, and the pres.
ent movement Of gold 10 Europe, combined
to induce the Secretary toiiissue the
call. OF the Sl0i,000.0OO OF per cent
bonds now outstanding. the Treasury holds
for tie National banks sl44,0OO, 600. 50
thit OF the bonds called fully seven.ienths
will be surrendered for redemption by the
banks, thus nccessltating substitution OF
other bonds for these surrendered, or cor
responding reduction In their circulat
ing notes. Secretary Manning holds
that TIE sinking fund requires for ths
current fiscal year ABOUT S3s,000,000. In
conversation to-day the Secretary said that
1t would not be prudent TO call bonds for so
large an amount at one time and Therefore
he concluded 70 mako call now. This
would indicate that The Secretary Intends to
issue four calls OF $40 100000 each In nd
diilon 10 that issued yesterday between now
and June /. The condition OF the Treasury
at the close Of business to-day, the last
day of the month and the year, Will show
an improvement OF several million dollars
over December |. The receipts thus far
have exceeded the expenditures over SS,'
900, 900, and II Is likely that the debt state
ment to be issued on Saturday, viii show
reduction, so called" of Mt least $4,000 600.
AGRICULTURAL STATISTICS.
WASHINGTON, December 81. The esti
mates Of the SHtislician Of the Department
of Agriculture for the principal cereal crops
Of the year are completed, and the aggre.
gate bushels are as follows, IN round nil
lions; Corn, ,936,O0O,O00; wheat, S57. .000,-
900 oats, 6a0,OOO,O00 The area OF corn is
Is, ,00O,0 600 acres; Of wheat $4,000 600; Of
oats. 23,000,0O0. The value OF corn
averages s3 cents per bushcl, and
makes an aggregate OF $685., 600,
s5,OO0,0OO less than the yaluc OF
the last crop The decrease in the product
Of wheat is 80 per cent. and only II pen
cent IN valuation, or s2750O0,000 The
valuation Of oats is SiS0,O00 600. The re
iuction In wheat Is mostly In the valleys OF
the Ohio and IN California. The States Of
Ohio, Indiana Illinois, Missouri and Kan.
sas last year produced 10000, 900; this
year $4,000, 600, a reduction OF 9O,00O 0Oo
bushels. The production OF all cereals Il
5S bushels to each inhabltant, and the ag
gregate volume Is larger than any former
year.
WASHINGTON December 3l.-- Treasury
officials express the opinion, founded on the
fact that tile receipts have been very light
during the month. while pension payments
have been made 70 a considerable amount on
account OF last month, that the public debt
statement will show nm increase OF nearly
So. 900, 000 during the current month.