The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-19

the average bank preslde &c spent a good
deal OF his time in advising his custo nss 5
and friends to sell their Pc cent. bonds o
the government to-day a6 about current
quotations. Altogether the urospec. was
pleasanter tean It was on Saturday, or even
on Monday. aud, to cap il all. a dispaf ch
was published in Wall street to the effect
tnat Secretary Window, who is still on his
vacation. Is satisfied with the outlook.
ASSISTANT Treasurer Roberts redeemed
5000. 100 OF the rs yes terdav, and prepaid
SiIo, 1i9 interest on registered As and Sl2.-
o0f oO on coupon IS. It was the biggest
pension day ia the history of the building.
over $4,000 checks were paid out for an
! aggregate of over 81, 600, 900. Most of the
money went TO Columbus and Indianapolis
The Chase National Bank alone presented
for collection over 5000 of the checks.
lhere are 300, 900 names on the pension list:
and about 20 per cent. of them make their
collections through the New York sub
treasury
An unusually large meeting of members
OF the chamber of commerce was held in
the afternoon 20 talk about the exaction Of
the new duties under the Mckinley bill
President Simmons of the Fourth National
Bank offered these resolutions;
WHEREAS 1t is provided in or by the so call ID
mckinley tariff bill that the time for removing
the goods now in bond shall no. extend beyond
Nov. next: and
WHEREAS. The limited time allowed for such
removal would cause an unusual demand for
money from importers, and thereby increase
stringency of the Inon~y market at time wnen
All the currency Is needed FOR crop moving pur-
poses; therefore
ResotUed, That it is the sense of this chamber
tnat It would be greatly for the benefit of the
entire commercial and business interests of the
country that the time for removing goods now
10 bond be extended to Feb. /, 1891 and this
cnam6er urgently requests that the bill be so
amended.
MIR. Simmons is a democrat, but the reso-
iutlons were seconded by Mr.. Cornelius V.
Bliss. republican, and we're unanimously
adopted, Col Frederick Conkling suggest
ing that copies be sent to the President, to
the president of the Senate, and to Speaker
Reed.
Auditor Perry of the custom house yester-
day prepared for Edward H. Ammidown
the actual amount of goods in warehouse I'D
to Sept. for the last three years. 1t was:
sept !, lSsS .S23 033, 706
CSoPe 1922 -'s.............-... 30 304 375
sept. !, le90. ................ ...... 80 762 III
This conclusively demonstrates the actual
increase from Sept. l, 1883, to Sept 1. 1890
to be 6.729,010. Furthermore, it was
learned that seveu-eighths of the increase
are consigned goods, and will be returned
In the event of their not finding market.
In other words, the goods have not been
actually purchased, and the new duties are
not obligatory upon them. There is no
doubS, In the estimation of merchants, that
good part of them will bs returned to
their foreign owners.
CHICAGO. Sept. Ex-senator C, B. Far
well writes the following letter to the later
Ocean:
u see good deal said in the papers about
me tlghtness In the money market, and that
Secretary Window has been called upon to
rAIl6V6 II The flnQnCa of IA
never be in a healthy condition when it is
required that the Secretary of the Treasury
shall be asked to step in and relieve
str1ngency which periodically occurs. No
one man should have it in his power To
make money either cheap or dear. The
government Is collecting more money than
1t spends, so that according TO the last
treasury statement there is now locked up
In the various sub-treasuries of the coun-
try 100000, 0c0 over and above the liabilities
of the government.
The total amount held in the various
sub-treasuries is something over S7OU,OJ0,-
OOO, and the government holds rs security
for this vase sum of money the bonds of the
respective ssub-treasurers, signed by their
friends, for about one-fortieth of this
amount. Now, If the sub-treasuries could
be wholly abolished and money deposited in
the national banks, with adequate security
taken for the whole amount instead Of one
fortieth, which is given by those who now
hold this money, Mr.. Window would not
be required to go into Wall street to regu-
late the finances. The money would be
safer than it now is, and half million of
money per annum would be saved by the
abolition of this system. There never was
any good reason for the establishment of
the sub-treasury system, and it ought to be
forthwith repealed y