Los Angeles herald., 1890-09-15
WINDOWS REMEDY.
How He Proposes to Relieve the Strin-
gency in Money.

chCy III NAohCys
New YORK, Sept. 14.-Secretary Win
dom left this evening for Wiliamstown,
Mass, to join his family. AS the result
of his conference with the bank presi-
dents and financiers, Saturday, Secre-
tary Window said this afternoon, that
he had decided to receive proposals for
the sale of 4 per cent bonds to the
amount of $16,000000, proposals to be
received at the treasury depart
ment in Washington on Wednes-
day next. These bonds the Sec
retary will purchase if reasonable
price is asked for them. At the same
time Secretary Window will offer to
prepay for three-fourths Of a year the
interest on currency 6's. Secretary
Window said it was not usual for state
ments of this kind to be made before
they emanated officially from Washing
ton, but owing to the anxiety of so many
of the business community to know
what was going to be done by the treas
ury department, he thought it best to
announce before hand, although it was
Sunday, his intentions.
WASHINGTON, Sept. 14.-In accordance
with statement made by Secretary Win
dom, in New York today, the treasury
department has issued notice that pro-
posals for the sale of $16,000,000 four
per cent. bonds to the government, will
be received Wednesday.
The secretary OF the treasury has
directed that arrangement be made for
the prepayment OF interest due January
1st and July 1st, 1891, on bonds COM
monty known as currency skies, on and
after the 18th inst. In answering
an inquiry as to the net effect
upon the circulation of all the
treasury operations during the
past month, the treasury depart
ment has prepared the following state
ment covering the receipts and disburse-
ments by the government during the
period from August Is, 1890, to Septem-
ber 13, inc lusive.
Expenditures for purchases and re-
demption of bonds since August 15, $780,
under the circular of August Is, 1890, un-
der the circulars OF August 10, 2l and 80,
and for the payment of interest under
the circular of September 6, 1890: Cir
culars of August 10, and 81, $21, 800, 900
AZ per cent bonds redeemed, nearly
ali at 1O41s, $22,O43,31O. Circular OF
August 80, $40, ,105, 100 AZ per cent
redeemed, at 1041a, $lO,557 ,839.
Purchase of per cent bonds, $2,411,-
450, at 124 and 125, $2,997 ,625. Pre-
payment of interest to and including
September IS, $2,S97, ,724. September
interest, AZ per cent bonds, $197 ,920.
Redemption of national bank notes, ST.,
100000. Total expenditure account
of public debts, SAL ,494 ,316 so.
Payment for silver bullion, IS 900 900.
Ordinary expenditures from August 18th
to September 18th, inclusive, $33, 3,S02,- :
1907. Aggregate disbursements, $751;
296, ,466.67. Total receipts during the
same period, including the national
bank redemption fund, $37 $40, ,159. .01.
Disbursements in excess of receipts for
the period named, $43, ,956 ,307 .66.
Commenting on the foregoing state
ment General Nettleton, assistant secre-
tary, tonight said: 'The item OF ordin-
ary expenditures includes abouts$19 900,
600 of pension payments, checks for which
began to be drawn September 4th. This
exhibit, supplementing the facts recently
published respecting the operations of
the treasury since September 1st, 1889,
conclusively answers the mistaken asser-
ton sometimes made that the treasury
either is now, or has recently been en-
gagged in absorbing and then boarding in
creasing amounts of the money of the
country, and the other mistaken state
ment about the recent measures adopted
by the department to get tmoney out OF
the treasury and into the channels OF
trade. Disbursements over receipts OF
nearly $44 1000 900, in thirty days, is the
raoor6 -