The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-12-09
CASH FROM THE VAULT.
The Treasury Puts Out $e,3o73oO
for the Day.

Inc treasury Puts Out S6,3O7,3OO
for the Day.
WASHINGTON, Dec. S.-The amount of
silver offered for sale to the treasury de-
partment to-day was 10000 ounces, and
the amount purchased 6S5OOO ounces,
at prices ranging from $1.o2S to
Sl.O3l. The amount of per
cent. bonds accepted TODAY under
the circular Of Dec. 6 was "a 59I 900, for
which disbursement of about IS. .550. .0tl0 in
money will be made. The Secretary Of the
Treasury said this afternoon that IN view
OF all the conditions he would accept addi-
tlonal offers of 4s, at a reasonable price, Of
sufficient amount to make 10 total purchases
SS,OJO,000 for which he said the expendi-
lures will be nearly Sl0,000,000
THE FRACTIONAL CURRENCY
The secretary said further that it was
manifestly impossible, under the existing
conditions, for him to use fractional cur
rency now IN the treasury in the purchase
Of bonds. for the reason that it would at
once be returned TO hiln in exchange for
greenbaclts, and leave him with a deficiency,
instead of a surplus. There is now about
$l9,0O0,000 of fractional currency in the
treasury, of which all but S2.0O0,000 is in
silver half dollars. AS it is legal tender TO
the amont of $40 only, it is no. regarded
as part of the available cash balance.
The secretary says he would like very
much to get it Into circulation, but he
certainly should not do so at the expense Of
his limited available surplus.
TIE offerings to-day included nearly
Sl,0O0,0O0 of is at prices slightly in excess
Of the highest price paid to-day, viz:
81 2316.
The amount of 4J6 per cent bonds re-
tn IaU khea Nf,- - nnt
8, was Sal, $50, making total to date
of $685., 400.
THE CABINET ANDsTRE CRISIS.
A rumor that special meeting Of the
cabinet was held to-day TO consider the
financial situation is untrue. and had no
other foundation than that Secretary Win
dom took luncheon with the Presi1ent-a
by no means unusual occurrence. A regu-
lar meeting OF the cabinet will be held to-
morrow. however and it is extremely PROB
able that the financial question will receive
consideration. as it is one in which the
President is taking deep interest just at
present.
The total amount of money put into
circu alto by to-day's treasury operations
is about Sc 307 800, distributed as follows:
By the purchase of 4 per cent. bonds,
IS, $3.50, 900; by the purchase Of A. per
cents, 5000; and by the purchase OF silver
bullion, S107, 900.
STEWART URGES RELIEF MEASURES.
Representative Stewart of Georgia intro.
duced in the House to-day a resolution
(premsed with statement that there ex-
lists in t g country financial crisis affect
ing most injuriously its blsiness interests,
and referring 60 certain OF the methods OF
relief suggested, instructing the committee
on banking and currency to consider this
condition, and report by bill or otherwise
such measures Of relief as shall meet the
present conditions
HELP FROM ENGLAND.
LONDON, Dec 9, A. M-Ths Times, in
its financial article, says: "Londcn, Par
and Berlin ought to afford ell possible as
sistance 20 New York. The present mis-
chief is spreading. The immediate cause
of the trouble may be traced Il
curtailnent of accommodation through
the Barings collapse. which caused other
great firms als1 to stop accommodations
In the case of America the stoppage Of
these facilities is particularly unfortun ate
in view of her large cotton crop. We he
lieve the Bank OF England could spare
81 500 900 in case of necessity