The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-09-13
POURING OUT MONEY.
National Treasury Relieving
the Stringency.
THE PRESIDENT TAKES ACTION.
High Bond Premiums and Payment
Of Interest in Advance.
Jerry Rusk Says Crop Outlook IL Not So
Bad ~ OBSERVATION-DISCLOSURES Debates
Land Forfsiture-Heuss Refers Tarin
Bill 20 Committse.
rHE PRESIDENT TAKES ACTION.

CREssoN, PENN. Sept l2.-That the presi.
dent is taking deep interest Ia the inan-
cial situation is shown by the fact that he
devoted nearly two hours this afternoon to
telegraphic correspondence with Secretary
Window at Williamstown, Mass, and As
sistant Secretaries Batchellor and Nettle-
ton, at Washington City. a. to the best
means Of relieving the present stringency
in the money market. One Of the results
of the conference was an order for prepay
mens of interest aggregating IS ,00O. 900 in
currency, and for an advance on the rate
for per cent. bonds to LIS.
Another question considered was the
propriety of extension Of the bonding priv
ileges under the proposed new tariff law,
but no conclusion was reached on this
point. The latest advices received by the
president were to the effect that money was
easier at the close Of business, and the out
look more favorable.
The president and Mrs. Harrison took .
long drive this afternoon.
WAsHINeroN Crry. Sept. l2.-General
Nettleton, assistant secretary Of the treas
ury, in response to an inquiry by . re-
porter of the Associated Press tonight,
made the following statement:
The treasury department today in addition
to the regular disbursements. which were un-
usually heavy. paid out .3lS, ,osA on account OF
bond purchases and advance interest -Four
per cents purchased today were accepted at 126
This il the first considerable purchase Of per
cents for some Time Tho price paid II
cent above that heretofore paid
under the circular Of July 10. Il IL thought
there may be an. impression among holders Of (
per cent bonds that the governments has with.
Aeo frou I'M ap1ro t. d
not fact % the treasury ID ready 70 take con-
siderable amount Of u II they are 70 be had.
Inquiry instituted yesterday BY the secretary
OF the treasury developed the fact that the total
balance Of duties on all imported merchandise
in bond 1t New York on September was only
III, 10000. Only moderate portion Of these
goods will be subject to an increase Of duty
facts would seem to indicate that anxiety based
upon this feature Of the situation Il largely
without foundation.
As to further measures Of relief, In 90 fer O.
the existing stringen0y can reasonably be said
to be due to the inevitable operation Of the *
isting laws governing the collection and dis
bursement Of government revenues, the treas
ury department. win not hesitate to apply mch
effective remedies % the law permiss ana the
situation requires
The secretary Of the treasury, on his return
to Washington City from New Eueland, viii be
IN New York tomorrow. and viii afopt such
course ~ shall seem TO him timsly and calcu-
lated to meet the difficulty - II exists
tits said that one OF the minor measures
OF relief for the market that ,may be
adopted by the treasufy viii Be the pay
ment in advance of years interest on
$65, coo. 600 OF the government bonds,
known as currency 6s.
WASHINGTON CRY. Sept. 1.-THE amount
OF silver offered to the treasury department
today aggregated 43l, 600 ounces. The
amount purchased was 32l 600 ounces, at
81, ,156 to 1875.