Omaha daily bee., 1890-09-14

that such a proceeding was impossible. In
regard to the propos ition OF the government
paying a year, interest on S65, 600, 900 of cur
rency 6s bonds Secretary Window stated
that con gress would have to authorize it. A
opOsitionwhich m ethe unanimous approval
of those present, nclu ding the secretary,
was to suspen d the payment of customs du-
ties from November to February /. Secre-
tary Window said the present difficulty
in the m oney market he believed to be one
that extended all over the country and was
not con fined to Wall street or even New
York He,said it would require great deal
of careful consideration to settle upon the
best method of relieving the Stringency and
for that reason nothing would be done
haStily.'
In regard to the scare which Is based upon
the belief that large amount OF moncy-ac-
cording to many not less than $50, ,0OO,O ,O00-
take goods out of bond in case the Mckinley
bill goes into effect October /, Assistant
Treasurer Roberts says: ut might be Sug-
gested in the first place that this amount is
overstated, for the custom house authorities
have estimated that the amount of duty
payable on goods now in bond does not
amount to more than $40, 900, 600. In the sec
ond place, If these goods are withdrawn in
large amounts and thrown upon the market
it will have tendency to check imports so
di Unfinished. AT any rate it should not in
crease the Strngency. 1t would be wise,
howcver,i in my opin ion for con gress to extend
the time within which goods now in bond
could be withdrawn This would tend to re-
lieye the market but in any aspect of the
case | do not think there is any serious
ground for alarm"
N. Whitewent to Washin gton last n light
and has been In conference with members Of
the senate finance and the house ways
10
is no doubt whatever that the time for the
withdrawal of goods from bond will be ex-
tended. The treasury department is doing
everything possible for the relief of the
money market and will continue to extend all
the relief which may be found necessary"
Shipments OF currency have been heavier
this week than any previous one this season.
Nearly all the currency shipped went west
and south There has been a heavy outward
movement of gold, S5OO, OoOgoing to San Fran
cisco.
Secretary Window made a statement to-
night regarding the amount of money tied up
in the treasury He said: "COmparisons
have recently been made Of the surplus now
reportedin in the treasury with the amount re-
ported ayear ago, from which the erroneous
cOnclusi lion is drawn that the present admin
istation has pursued policy toward con-
TRACTION, In this connection the following
statement will show the fallacy CT this belief.
The amount OF net cash, fractional silver
in the treasury September l. 1889, was
about Sli, 100000. The amount of the same
items September 10, 1880, was S99,509, ,22O,
which demonstrates the fact that over s4l,-
OOO,OO0 more money has been paid out since
September l., 1889, than was received into the
treasury during that time, In other words,
every dollar received 10y the treasury since
September l, lSS9 has been paid out and
over - l,OOo, 600 besides. The apparent sur
plus shown September 10, 1890, of $99, 500 22O
Is made up as follows: Fractional silver
coins, about s22, oOO0Oo l(unayaila ble for the
purchase of bonds) in national repositories,
items, amounting tosi7 1000, deducted from
$4,000, 900, leaves about S52OOO, ,OUO, which
represents the entire available cash In the
treasury, and that sum is part of So, 100000
OF the national bank redemption funds made
avals ble by the recent actof congress. There
- 'N"-'N'N~n rot n dollarin rho treasury sur