Telegram-herald., 1890-12-13

His Scheme so Add So, 900, 900
70 the Volume Of Currency.
flo~ fss Proposes 10 Use TIE fr4c-
tionsl Com ano Traae Dollar
Bullion 20 me Tre2S0rY.

AkAet htt ttA MI
wAsntNetoH. pee a. fbo Heuse
e0A ltses ea banking snE oafruhey
met Thsrsdsy morHing 4na thess ~@s =
rensrsl eikcossloa ~ ths tRanclsl sitea-
3ea. Consiasrshle oiHefsnoe 81 opia-
ion Was manifested several aseR i,efs
tAouget tAAs ths great need Uas the
restoration Of puhiie confidence @n@
that ~ith shis secured financial an.irs
weaie righ1 themselves
Ies result 81 the discussion x~s lie
adopglsa el resolution e. req aest tie
House - sci apart d4Y tor eaaslasf@-
tion and dispsss t4on 81 k'aeifaa@n l3og-
seys hIll - uedae 80 O. oae ths alAl.
mum amsunt 81 lnits6 states bonds
whieh National heEks shall be- reqeired
70 keep on deposit and "a pernlt the
issas 81 circulating nVtes ~ National
banks 10 The fell amo4nf ~ the Par
value 81 bonds deposited. ltis "oAli.
"a ~@s said lndae2se tLe &uioant az
monoy In eircuiatluH almost inmea iaio-
ly bY sia 600. 00a and Nosla result in =
frref issue OF National bank noles iy
making ite loss os cifeAlalpn ins gAit-
eanh o. perhsps Rotling talA Nhen
tns bsii comes up LEA ihe House Chall-
man Dorsey. IN behalf of ihe commit
tee viii move an amendment ie pro-
vide FOR the issue Of sr*enh2cts RAen-
ever the National bsak circulation falls
below stsa v0o. 0ee.
IL is probable that Secretary Nluaom
will make proposition % tongross in-
tended "a give material relief to The
financial situation. There are BoN idlc
in the Treasury about g.. 009 uoo oi ihe
old trade dollars. which bave been re-
tanned a. part 0f the bullion surplus,
and about SO 000. 900 worth 81 subsidiary
silver coin. most if not ali Of which
is so much worn or muiiiaisd as - be
unit FOR current use. The Secretary Is
thinking Of recon mend ing ~ Congress
the passage OF a bill authorizing him
10 place these $50 600 600 Ia tue Treas
ury Is bullion and issue certificates
against The amount The latter 10 be
circulated a. surplus IL Is believed
that So 00V. zoe thrown into the surplus
at this time would 20 great wEy to
ward tiding over the financial strin-
gency. II something is not oens
20 increase the surplus it is feared thBt
the National banks having deposits Of
the Government will be asked 10 rive
up 10 per cent or mere oi their Gov
ernnent funds
MORE TAiLUrts
NEW YoEK. Dec. II George w vsn-
able and Moses J. Heynsu. composing
the firm OF yenable s. Heymsn, whole
sale liquor dealers. have made ss as
signueut 10 Robert J. News. Their
liabilities are about SIS. 0o0.
Henry Siebert tobacco con mission
merchant at Nos 7o znd 70 RroSd street
has suspended. hr Sicbert said that
be had decided uot 70 make sny state
neut c. has Affairs. but hoped 10 make
arrsngsmeats 10 20 On. In the trade
his Liabilities Afe estimated at about
$3.50. 000
NASHVILLE, Tenn, Dec Ia.-R L
Walker g. Co. tSbscconistS at Clzrks-
vile, Tom. bsvc assigned. TIE Ia
bilittes are $50 coo. the assets So 900.
J. c. Hambaugh. member Of The firm.
made a personal ass snment with ila-
bilities OF 50. 900 and assets o. So. 00o.
The firm VAS Involved IN the failure q
the Franklin Bank The ron on TIE
Farmers and Mechanics Rank caused
that concern 10 fAlL IL Will pay al as
debts.
CHICAGO. Dec. l2-P. McGuru s. Co,
grain commission dealers and members
OF the Board OF Trade. have made a vol
untary assignment 70 EDWARD Msher.
their attorney. Assets are So. 900 aud
liabilities So. 0oo.
Nav YORK, Dec. l2-Peck, Martin A.
Co. brick manufacturers. OF this city.
have assigned. Liabilities are ssti-
mated at $500. coo. vita assets 500. o00
In excess Of that amount
EAST TAwAS Mich. Dec l2-Tbe
banking house Of J. n. Scbmeck A. Co
has suspended. II is believed that. on
Mr. Schmeck's return 70 TIE city b.si-
ness will be resumed.
BTBNINeHkN Ala. Dec Ia-The
Bessemer rolling-mill has gone into toe
hands OF a receiver as q temporary A.
rangement pensing the collection o.
$50 900. which is owed The Mill bv the
United States Rolling Stock Company.
recently assigned
KEokUK Ia. Der. 5Rs--Tbe failure 81
the wholesale grooerT house of Collier.
Robertson A. Hsmbieion q this place -
announced. The srm hlsd two mort.
gaFes 70 J. T. Smith as trustee in a.
vor q large number - cred itoTs. lofh
mortgages sggrsgsting about SIS 600
IL is sad the liabilities ~ill amount 10
fl0o. 00o
BosroN. Dec. 12-Ths Bay State
Lasting Machine Conpsny bss fsilsd
for sTs. 900
Gardner. Chase & CO. orsr creditors
twelve snd one-kalf cents On dsIlar
shes Bts VIE ssd fh.n " -nsslf
KALAMAZOO Mich. Dec. ~ Louis
/ Scott sbot his wife Thursday afternoon
50 quarrel, sns thsn kfiiss timssif
! They epsrrsie5 scus weeks ago. and
STE Jeff bin. going 70 vefk ss 6ornos-