The sun., 1890-09-14

pe more or lese strtngency In hnancial circles
| the conference before the suggestion as TO the
purchase OF per cent. bonde came up, and
said on this question at the conference. he did
not Wish 70 express his views concerning II.
the conference said that the postponement OF
the day OF the new duties would have more OF
a sentimental than a real effect nnon tho
relief could bo had except, By the purchase Of
h,o ths per cent @ bonds The Secretary could
bonds at a fair price from savings banks and
Individual owners To this bank President the
Secretary admitted the fgtility Of his plan OF
:, President Simmons. Of tho Fourth National
Bank was invited to the. conference. but could
learned the suggestions aud comments made
az the conference. and subsequently said that
st Mr. dd n6t sEnE mSGh 81
Tics until Feb. /, He lie SSiisvsd that wi when these
Simmons does not believe that they, will
amount a6a1 to- oyer yer eight or ten millions.
SSy %G and oSsaSnoss S%S s0GR' the smI prds f0S
the goods, so that tho importers, might
SD est @ in The end Pps Ss
referred entirely to the money situntion-that
the postponement would give immediate relief
porters and merchants to secure money would
be ediately checked. and those Importers
trade. MIR. Simmons did not see how the con.
dsrsnfe c9TmttSe I at WasMhnston could avoid
the postponement OF the exaction OF these
ers" continued Mr.. Simmons, as TO whether
they gould not gather together fifteen or twen-
ty miliion 4s and sell them to the Secretary at
certain that the secretary will take these bonds.
provided always that he gets them at the price
Tuesday next. This would put the money money
would como a healthy reaction from the dis
turoanGes OF the last lew weeks.
PRESIDENT Baker thought that the Feb / idea
said about the evils OF the Mckinley bill. nor
these have been greatly exaggerated; And.
furthermore: he believes that the conference
committee at Washington would have made q
reasonable postponement even without the
Another Of the bank Presidents at the. con-
ference said that 1t was his positive belief that
the only means for relieving the situation was
the purchase of 4 per cent. bonds. while
will undoubtedl relieve merchants" he con-
til tnued. 1T vii not relieve the money market
Secretary would do anything that was reason
able to reiieve the situation. Vice President
the roube is for the % iee PsSs to
orders foE 5oa9yy any part par Of million
enough to warrant 1t. This no doubt would
settle the trouble and meet the drain
the large legitimate demand "O for money i
by the banks throughout the country
be long before the return tide sets in and then
money for the rest OF the year will be comfort
able. This is not an artificial etringency
caused by any locking up OF money by the
bears. hut there has been natural and h healthy
demandlfrom merchants and bankers all over
istration is determined to, give us sufficient
money to prevent any trouble: as Is shown by
&Rs %sn to 1 FEday
snce with tie senate finance and the he House
at noon: There is no doubt whatever that
the time for withdrawing Of goods from bond
erything possible for the relief OF the money
market ma and will continue to afford all the re-
consultation to-day by wire between the Pres
ident at Cresson and Acting Secretary Batch
Treasury Department concerning tho strin-
gency in the money market. The President. 1t
avert a panic IL the money market, and that
none shall be permitted to occur II the Treas-
ury Department can prevent It, The views OF
following message to the President:
ciers. There appears to be considerable strin-
gency, but no reason to apprehend serious
consequences. l am fully advised, and will
take such action as 1 think the situation re-
QuireB."
The President has also been In consultation
by wire wit Major Mckinley. the Chairman OF
the Committee on Ways and Means and others
in regard TO the propriety. of extending the
date fixed by the Senate for the new Tariff bill
to 20 into effect. The matter. 1t is understood.
Is 10 be the subject OF a further conference
The Director Of the Mint announced to-day
his willingness to buy largely Of silver on Mon
day II the offers are favorable in order TO assist
in relieving the stringency in money,
The following is copy OF the reply received
by the Treasury Department in answer to its
call upon the customs authorities at New York
for an exact statement Of the various classes
ofimported goods now in bonded warehouses
Referring TO department telegram of Sept
12 skiing for u statement giving the aggregate
value by schedules of imported merchandise
contained In bonded warehouses;. / find that il
will be impossible to make the statement even
approximately for several days. l am able,
however. to present at once with the assistance
OF the Naval Oficer statement OF the duties
oharReable upon goods in warehouse, as fol-
loWs:
Estimated balance due on goods remaining
in bonded warehouse Sept l. 1890:
DEBTS.