St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-31
1t is high time that
the United States treas
ury took some steps to
prevent the existing
pressure on the money
market from deyelon-
The
Treasury
Must Act.

ing into financial disturbance, says a
New York writer. The crops III the
West are enormous. The yield of cot
ton in the South promises to be very
heavy, aud all over the country there
are signs of an active season in business
and manufacturing. Ali of this is ere
ating a demand for money, and de-
mand which will increase for some time
to come.
Within few days, it is true, rumors
have been heard that the secretary of
the treasury was considering the advis-
ability of doing something in the prem
iseS. Whether these reports are mere
"feelers" cannot be determined. Bust
ness and financial circles, perhaps. in
cline to believe their truth, because it
has all along been apparent that events
would force even the sloW-moying Mr..
Window to action.
The special ground for hope on this
score is that some s40,OO0,000 of bonds
have to be purchased to meet the sink
ing fund requirements. The fact that
Mr.. WINDOWS fixed price for bonds
does not draw out any large tenders
shows that the floating supply of gov
ernments is very small. 1t is undeSlr-
able to encourage large holders of gov
eminent bonds to make use OF the ne
cessities of the business community in
order to obtain better prices. But the
payment of some amounts by the treas
ury in extra premiums would, at pres
ent, be money well spent. And in the
case of bonds for the sinking fund the
objections that could be urged to such
course are not particularly forcible.
Mr. Window has thus far modelled
his conduct, in the main, on that of his
Democratic predecessors. If he will,
even at this late hour, initiate the
promptitude and boldneSS of Manning
and Fairchild i'll dealing with similar
situations, he may be- able to prevent,
or, at any rate, to modify, situation
that is very disturbing to the general
business of the country.
Barrymore's Maurice Barrymore
is at Long Branch. and
Latest Joke. correspondent of the
Philadelphia Times
tells this story about him:
One day he was driving down Ocean
avenue, dressed for comfort rather than
style. His trap and horse were of the
most democratic order. Two we'll
dressed ladies standing OH the corner
took him for one Of the many Jehus
looking for customers from the Ocean
house to the West end. They hailed
him.
"Hey, driver! Are you going down
the beach?"
"Certainly. ladies; step right in," said
Mr.. Barrymore, who is always fond of
joke.
They promptly complied, and Mr..
Barrymore drove on. Their converse
ton was as free before him as it would
have been before any of the countrylnen
who make living carrying customers
along the beach. Just before reaching
the Rowland house one of the ladies
tapped him on the shoulder with her
parasol and said:
"Please let us out at this house, SIR"
Mr.. Barrymore drove up to the hotel
entrance as directed. The two ladies
alighted. One Of them took out her
purse and said:
"How much do we owe you, sir?"
''Oh, nothing at ALL" said the actor,
nonchalantly, this is my private car
riage."
The ladies looked rather abashed, and
apologized for calling him. Finally one
of them said.
"You will kindly give US your name,
that we may know to whom we are in
debted for this courtesy?"
with pleasure" said the actor, with
a merry twinkle in his eye; my name
is Maurice Barrymore"
The ladies made break for the par
lor, and MIR. Barrymore drove away, en-
joying the joke.