New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-14

rrcstly exaggerated. don't myself think that
flerc is any necessity to make an offer for As.
IL is only in tcit renee to the opinions OF other
,roplc and not MY own, as there is no such prcss-
inc necessity for it when you remember tine facts
that have given you namely, that there arc
SI3, 900, 900 more in circulation now than there
vas ono year ago, which shows that there Is no
boarding Of the public money By the treasury
There d NO doubt, / admit, that there 10 SONIC
pressure for money, hut it is, in my opinion as
have already said, greatly exaggerated "heh inc
democrats came into power, in 1855. there was
s,rplus of S2l GOT, 900 IN the Treasury. AL tha'
time there were Sl94 000.o per cent Donds
subject to cali an any moment wiz"
could be paid at par. lns'eao VI ps
inc of, they permitted that surplus -
accumulate until on September l, eighteen "'on'ne
after they had come into power. there were ~
ono ooo IN tho Treasury and &c., 900, 900 bonds
paid off. ...,o,
when General HarrlsonS ADMINISTRATOR"
came into Office, OF. more correctly speaking: on
the Treasury, and on September s9o; gn non
on honda at an expense OF $500. 900 900 in round
numbers. as against $62 ,O00.0 which they haa
paid out during the same time when PONDS ~ %c re
cently in criticism of this Administration that
the strinsency was due partly to 1,,,t tG ;s
withdrawal Of deposits f, %r1e t shont s4s
on depoSit in banks when Harrison was i1a" nnJ
rated. drew in seventeen millions OF ~; a.; anu
II YVES terribly hard work et nn ei months AGO.
Now, permit ne to tel you what tne en re- Somds
This money deposited on the security o, o"n T.;
per cent bonds recev bands rcceivins
Sioo. 900 in money l called that In: Instead ad
Il contraction, every fellow who had 100000
a. per Ge% who s1 Ssa s 70
rot $3.50 sent to bin. That Work actually In
Creased all tho money In circulation by S.'ooo''
000.'
SOME OF THE BANKERS he MET.
Secretary Window at IL o'clock heio cohiereuee
with prominent bankers at the Suo-lreas"rS.
There were present George S. Coe' president "
the American Exchange; J. D. Ncrmilye, prcsl-
dent of the Merchants George F. Baker. presi-
dent and j. A. Garland, vice.president, OF the firs.
National H. W. Cannon. president OF thr Emus~
Edward H. Perkins, r., president OF tne ,he
81 the banking house Of j. & W. Sclisman 4 Co.,
was also there. The conference was secret an"
delay in e the 0'p PAYMENT Of duties: The sub
sSa 9K ad r1;sd sa his
session that further delay was necessary was sup
nortcd warmly by others, and especially oS fresl-
dent Coe, Of the American Exchange NJ zoe suS
cested that purchase Of per cent bonds wouIu ~
ford Immediate relief to the money market ann ! IN
this oninion there was equal unanmity fresi-
dents Baker, Of the First National; and cannon:
OF the Chase National. urged the adoption OF ms
policy as it is understood, they have before oone
privately. -, ,,L 80 hords
~;wen bnt t. was suggested that the Secretary
summing the policy Of deposits in National hanks hs
W. va. 10 ,e,ief womld not he immediate. The
Secretary hos no legal right to withdraw money al
ready in the Treasury ....
leaving the Snb.Treasury, and was closeted there
with Collector Erhardt and Special Depntv o% o,.
hector Couch for some TIM ne Ge1 ,ntn 10 say