Omaha daily bee., 1889-10-02
The NATIONAL BANK LOANS.
Their Rapid Reduction'By the Pres
ent Administration.
HARRISON KEEPING FAITH
During tho Campaign the General
Promised They Should BE Dimin-
ished--Ihe Presidents Rcoep-
tion to the Is nights Icmplar.
WASHINGTON BUREAU, THE OMAHA BEE,
5l3 FOURTEENTH STREET, :
WASHINGTON. ID. C.. Oct. l. !

WASHINGTON BUREAU, THE OMAHA BEE,
5l3 FOURTEENTH STREET
WASHINGTON, ID. O., Oct. !.
During the last days of President Cleve-
lands administration the governments
loans to national banks Increased to about
sos 900, 600.
General Harrison, during the campaign,
promised that the amount should be de-
creased, since it is well known most of the
loans were made to favor politicians and
were not in the interest OF the people. That
promise is being fulfilled The aggregate
has been decreased to about $40, ,000, 900 since
March, and before congress conveues it will
come down much further, to probably
S25 600, 600, and perhaps onehalf of what it
is at present. This money, as it piles up in
the treasury, is being applied as rapidly as
possible to the purchase of outstanding
bonds, ana the application of the money
to the purchase of bonds in the open
market is so greatly ia excess Of the reduc-
tion of the loans to the national banks that no
fear can possibly be entertained in any quar-.
ter that the calling in of the loans will dis
tress or affect the money market. IL may
affect the volume of the operating funds of
few national banks, but it can not in the
least degree make an impression upon tho
circulating medium of the country. 1t is sim
ply taking the governments money out of
Juc Ol nGllUudl DGUhS anu putting III
into the pockets of bondholders who will
seek borrowers.
1t is probable that President Harrison's
message to congress in December will show
that under his administration the loans TO
the national banks have been reduced two
thirds and tnat by the end of the present
fiscal year there will be none outstanding.
THE KNIGHTS TEMPLtR.
knights Tempar committeeman spent
some time IN the white house to-day in con-
C,,lt
respecting the reception to be rendered by
the first man and woman OF the country dur
ing the conclaVe next week. The reception
will last from $500 to lO:30. The white house
grounds will be illuminated under the direc-
tion of the pyrotechnIcal committee. No one
but knights Templar and their ladies will
be admitted through the gates. The great
number of Knights Templar visitors as the
guests of the city makes this exclusiveness
necessary at a reception given by the prcsi-
dent, especially in compliment to The visit
ors 1t was thought if general reception
was given the crowds of general visitors
would be so great that tac Knights Templar
would have but small chance to
The grounds both aorth and south of the
mansion will be Illuminated and in case the
evening is pleasant the south grounds will
afford beautiful resort into which the
crowds from the manson can overflow.
A decorator began his work to-day at the
Masonic temple. He has about completed
the interior decorations of the large man
hall in which the grand encampment will
meet in couclaye. The walls are almost
hidden by flags and streamers looped and
wrought into graceful and appropriate FORMS
The heraldic arms of the different states,
form conspicuous features of the decoration,
being arranged on the walls near the ceiling.
Along the walls either side are placed
Templar's devices, lances, helmets, shields,
all of glistening metal and effectively
grouped. From the center of the ceiling radi-
ating in all directions are red, white and blue
streamers> which make graceful downward
curves and terminate at the cOrnices at the
sides and end of the hall. 1t has been de-
cided to postpone the dress parade of the
district national guard from Wednesday af-
ternoCn to Thursday afternoon to avoid con-
flict with the parade of the Mystic Shrine,
which had already been announced for
Wednesday afternoon.
ARMY NEWS.
BY direction of the secretary of war Prl-
vate Edward McElwain, company II, Second
infantry, now with his company at Fort
Omaha, is transferred to the hospital corps
as q private.
Private Jeremiah T.. Parker, company A,
Seventeenth infantry, now with his company
at Fort ID. A. Russell, Wyo., will be sent to
Hot Springs, to enable him to enter the
army and navy general hospital.
MISCELLANEOUS.
The American delegates to the Three
Americas congress called OH Secretary
Blaine at noon to-day. The conference lasted
some time.
Secretary Tracy has relieved Commodore
Walker from duty as the head of the bureau
of navigation aud has ordered MIN to pro-
ceed to New York and hoist the dag on the
Chicago as acting rear admiral and COM
mander Of the squadron of evolution, and
when ready Tor sea to sail for Europe aud
take command of the European station until
further orders. The squadron for the pres
ent will consist of the Chicago. Atlanta,
Boston, Yorktown and Enterprise. With
the exception of the Enterprise these vessels
are the pick OF the navy
The inspection toard has reported to Sec
retaiy Tracy that the gunboat Petrol, just
completed at Baltimore complies with con-
tract requirements, construction, material
and equipment.
The president to-day appointed L. Nj.
Lange, of Minnesota, to be register Of the
| land oifice at Marshall MINI.
The secretary of state is informed that
cholera has appeared at Bagdad and various
places on the Euphrates
An order is to be issued by the district
commissioners prohibiting the blowing of
steam whistles in Washington.