The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-15
SHELLING OUT THE CASH.
THE GOVERNMENT READY TO BUY
S1e,ooo,ooO as

Interest for Three-Quarters OF Year
70 be Paid on Currency 6s-A State
rnent as to the Effect of the New
Order on the Circulation.
NEW YORK, Sept. 14s 4s-Secretary Win
dom left the Fifth Avenue hotel this even
ing for Williamstown, Mass, to join his
family. He received but few callers at the
hotel during the day. and in the afternoon
he announced to the representatives OF the
nress the plan he had devised for the relief of
thesstringency in the money market. Asa re-
suitof his conference.-the the bank presidents
and financiers at the sub-treesury on Satur-
dav Secretary Windon said that he had de-
cided to receive proposals for the sale of As
20 the amount of SIG, ,0OO, 900. the proposals
to he received at the treasury department.
IN washington at 12 o'clock Wednesday,
next. These bonds the secretary will pur-
chase if q reasonable price is asked Tor
them.
PREPAYMENT OF INTEREST.
At the same time Secretary Window will
offer to prepay for three-fourths OF the
wear the interest on the currency 6's. The
announcement of these offers will come
from Washington over the secretary's
will be officially formulated. Secretary
Window said that it was not usual for state
rnents Of the above kind to be made
before they emanated officially from Wash
ington. but owing to the anxiety OF SO
many of the business community to know
what was going to be done by the treasury
department. IN the premises, ne thought 1t
best to announce beforehand, although 1t
was Sunday, his intentions.
WASHINGTON, Sept. 14.-The following
circular has been issued by the treasury de-
partnent:
TREASURY DEPARTMENT,
WASHINGTON, Sept. 13, 1890.
In pursuance of the authority contained IN
section of the act of March 3, 1884, public no
tce is hereby given that, with
of bonds of the per cent. loan
of 1907, proposals for the sale of such bonds
to the government will be received at the treas
ury department, in the city OF Washington, d.
c. at noon Wednesday, Sept. II, 1880. The
right TO reject any or all bids Is hereby ex-
pressly reserved.
WILLIAM WINDOW, Secretary.
PREPAYMENT OF INTEREST.
The Secretary of the Treasury has di-
rected that arrangements be made for the
prepavment of the interest due Jan. and
July l, 1891. on the bonds commonly known
as currency 6s. The treasurer and assistant
treasurer of the United States will there
fore be instructed to begin prepayment as
soon as tine necessary blanks and stamps
are received by them, which will not be
later than Wednesday, Sept. II, for all Of
fees east of Chicago. Persons desiring
prepayment of interest on currency Is may
present them ON and after that date, to be
stamped in tine same manner as in the case
of As, and will be requiredto sign the receipt
prescribed by the department. Those re-
siding at distance from point of payment
who intend to forward their bonds to be
stamped, viii save time by awaiting the
blank receipt which the department intends
to mail TO each holder who is recorded on
the books.
EFFECT ON THE CURRENCY.
In answering an inquiry from a Phila-
delphia banker as to the net effect upon
the circulation of all the treasury opera
tons during the past month, the treasury
department has prepared the following
statement, covering all the receipts and dis
bursements Of the government during the
period from Aug. Is, 1890, to Sept. Is in
elusive: Expenditures for the purchase
and redemption Of bonds since Aug. IS,
1890, under the circulars of Aug 10, Il and
So and for the prepayment of interest
under the circular of Sept 6, 1890, the cir
culars of Aug. 10 and 81, S2l, 100, 600; AS
redeemed nearly all at 1O41S, S22. .O43. 80.
circular of Aug so, $40, 1031OO: AIS re-,
deemed at 10416, SIC, ,557, ,739. SO; purchase of
As, SAIL, $50, at 1876, and 125, 81, ,997. .623:
prepayment OF interest to and Including
Sept Is, S2,S97, ia; September interest
on AIS, 81, l97 ,920; redemption of national
bank notes, 81, 800, 900; total expenditures on
account of the public debt, S41, ,494. .316 20
payments for silver bullion, So, ,OO0. 600:
ordinary expenditures from Aug. is to
sept ., inclusive, $33, ,S02, $50 II: aggrepate
disbursements, $S1, ,296, 466 67; total reoeipts
during the same period, including national
pank redemption fund, $37, +, $40, 159 OIL; dis
Dursements in excess of receipts for the
period named, S43,936. .3O7 66.
GEN. NETTLEToN's COMMENTS.
r. commenting on the foregoing statement.
Gtn Nettleton, Assistant Secretary of the
treasury, tonight said: The item of
ordinary expenditures includes about s1o :
VVOOOO of pension payments, checks for
Wnlon began to be drawn Sept. A. This
exhibit supplementing the facts
recently published Respecting the
operations of the treasury since
sept l, 1889, conclusively answers the
mistaken assertion sometimes made that the
meaSury either is now. or has recently been.
;nsageu In absorbing and then boarding
trv. -v' easing an1 amounts of money Of the coun-
Wy; and the other mistaken statement that
81 u rno recent measures adopted by the depart
81 hiehs 10 get money out Of the treasury and
b. Ayo !he channels of business have borne
8 out httle fruit. An excess Of Disbursements
a VSsI sbtI the receipts Of nearly S44OOO, 900 in
81 "uy days is record.
READY TO PAY OUT MORE.
;, ~ addition to this ACCOMPLISHED result.
So ~1 9epartment is ready to disburse, if the
Uol1uhoiders Ur1ders will accept, about $40. 900 900
sisa a.aer The secretary's second call for AIS:
u.s.; s,so ABOUT $4,000, 900, under the offer to
sboCl boicpate interest on As and currency 81, and
So wv wv sSO, ,OOO, 900 for the purchase of 4s on
sTvooutnesday next, if rendered at prices not
nSStoltant nsSrnt This is in addition 10 the ordi-
chaSesn S>AN 'AA 'ei puI-
NNNNANY LEGALI3ES SLAVERY.
"o Dealers Authorised to Resume