The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-13
LETTING OUT THE CASH.
STEPS OF THE GOVERNMENT TO
EASE THE MONEY MARKET.

Assistant Secretary Nettleton Tells of
the Heavy Disbursements Already
Made and the Intentions as to the
Future-secretary Window to be in
New York To-day.
WASHINGTON, Sept. 12.-The total amount
of 4115s offered to the treasury department
yesterday for the entire country under the
circular of Aug. 50 was S76s. 200, making
total thus far of ss,5O3, $50. The pre-
payment of interest ON 4s at Washington,
New York and Boston yesterday under the
circular of Sept. 6 aggregated 1874, ,2S9,
making total thus far of 81, ,426, ,734
Gen. Nettleton, assistant Secretary of the
Treasury, in response to inquiries on the sub
ject by a reporter of the Associated Press,
tonight made the following statement:
THE treasury department to-day, in addi-
tion to its regular disbursements, which are
unusually heavy, paid out 81, ,34S, ,0S4 on
account OF bond purchases and advanced in
terest, as follows: Interest prepaid 81 O63, ,O34,
redemption of AIS, 1856, ,050; purchase of
4s, $4,000. The 45 purchased to-day were
accepted at 125. This is the first considera-
Dle purchase Of As for some time, and the
price paid is l per cent. above that hereto
fore paid under the circular of July 10. It
is thought that there may be an impression
among the holders of IS that the govern
ment has withdrawn from the market for
as. This is not a fact, as the treasury is
ready to take a considerable amount Of As
If they are to be had.
EFFECT OF THE TARIFF BILL.
An inquiry instituted yesterday by the
Secretary of the Treasury develops the fact
that the total balance of duties due on all
imported merchandise in bond at the port
of New York on Sept. l, was only
$17, 100000 Only a moderate portion of
these goods will be subject to increased duty
under the schedule in the new tariff bill.
These facts would seem to indicate that the
anxiety, based on this feature of the situ-
tion, has been largely without foundation
As to further measures of relief, in so far as
the existing stringency can reasonably be
said to be due to the Inevitable operations
of the existing laws governing the collection
and disbursement of the governments reve-
nues, the treasury department will not hesi-
tate to apply such effective remedies as the
law permits and the situation requires.
WINDOW TO BE IN NEW YORK.
The Secretary of the Treasury, on his re-
| turn to Washington from New England,
will be In New York tomorrow, and will
adopt such course as shall seem to him
| timely and calculated to meet the difficult Y
as it exists.
1t Is said ono OF the minor measures or re-
lief for the market that may be adopted by
the treasury will be the payment in ad-
vance of a years interest on S65, 900, 900 of
| government bonds known as currency
| skies.
HARRIsoE's INTEREST.
| CREssoN SPRINGS, PA, Sept 12.-That
| President Harrison is taking a deep inter.
| est In the financial situation is shown by
| the fact that he devoted nearly two hours
| of the afternoon to telegraphic correspond
ence with Secretary Window at Williams
town, Mass, and Assistant Secretaries
| Batchelder and Netteton at Washington as
60 the best means of relieving the present
stringencY in the money market The tel
! egraph Office is located in q one-story frame
building near the executive cottage. 1t
was formerly used by colored people as a
| place of worship. and it was there that the
| President and Secretary Halford trans
| acted their business this afternoon.
ONE OF THE RESULTS.
One Of the results of the conference was
an order for the prepayment of interest
| aggregating $4,000, 900 on currency 6s, and
for an advance in the purch Sc rate for 4
per cent. bonds to 125. Another question
considered was the propriety of
suggesting on extension Of the bonded
periods 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 that the outlook
was more favorable