Omaha daily bee., 1891-05-29
TO ACCOMMODATE THE BANKS.
Report That the Treasury Will Extend the
Four Per Cent Bonds.
PREVENTING A DECREASED CIRCULATION.
Matter of Great Importance to Ma.
tional Institutions Funds Due
the New States-M Military
Graduates.
WASHINGTON BUREAU TUE Bee, J
5l3 FOURTEENTH STREET, ,
W,suINarnN n q Nav %

At the treasury department the impression
prevails that Secretary Foster will surely
issue circular by next Monday giving the
national banks that have AZ per cent bonds
deposited to secure circulation the privilege
of having them extended within the discre-
tion of the government TO draw 2 per cent.
The object of this Is to accommodate the
banks which own about s26,0 1000 and have
them deposited here to secure their circula-
tion. The AZ per cent bonds become due
September and interest on most of them
has already been anticipated, being
paid during the recent string
ency to ease the money market.
This makes new lease of life for the
bonds at per cent interest Improbable, but
it will prove quite an accommodation to the
banks and will prevent heavy decrease in
the circulating medium, as all, or nearly all
of the banks, which otherwise would be re-
quired to furnish new bonds for circulating
security have given notice that they would
reduce their circulation to. the minimum,
while some have expressed the intention OF
giving up their charters and beco oming state
banks.
FUNDS FOR NEW STATES.
Only one of the four new states admitted
at one time has availed itself of the privilege
of drawing from the treasury 5 per cent Of
the proceeds OF the sale of public lands All
states now admitted to the union are entitled
to this money. The Dakotas and Montana,
although entitled to draw for for the fiscal
year ending June 30, 1890, have not availed
themselves of this money. Washington drew
out about S25, 600 the other day, this was be-
cause the governor and other state officers
were pressing for this fund. No effort has
been made by the proper accounting officers
to ascertain what the Dakotas and Montana
would be entitled TO and it is intended to
allow the matter to stand until the present
fiscal year can be included with the previous
year. This will delay any payment until
about six or eight months from now, as the
reports from ali the land officers must be re-
ceived ana compiled before a statement can
be forwarded to the treasury department
If the state officers make demand for this
money and properly press their claims they
will get the money that is now due them, al
though the clerks who will be obliged to
make out the account will no doubt complain
about the work that It will cause. They do
not care to be pushed about such matters.
WEST POINT GRADUATES.
The graduating class at West Point this
year will add about sixty-five young men to
the list of lieutenants in the United States
short by thirty five of the requisite number
to fill the vacancies which will exist by the
time that the class is graduated. 1t has been
the custom for some years past to give com
exceptional aptitude for the life of a soldier,
combined with the requisite amount of brain
power, and this custom has been followed by
very satisfactory results. This year
filled from the ranks and the
other appointments will be made from civil
life. Secretary Proctor is at the present
time preparing the necessary instructions for
those who desire to try the examinations,
and sometime early in June about forty appli-
have
exceedingly rigid physical examination, will
be given an opportunity to try their chances
for a commission. Except for the physical
tests there will be no partiality shown to-
wards any class of applicants, but he who Is
admitted to the examination will have TO be
as sound as a dollar and as athletic as a pro-
fessiOnal.
THE sIssEToN RESERVATION.
South Dakota will not be able this year to
select the lands In the Sisseton military res
ervation as a part of the lands which the
state is entitled to under the enabling act.
Senator Pettigrew worked II bill through the
last congress turning these lands over to the
state but it is discovered that there is no
have to wait until after the next congress
meets before it takes the $4,000 acres in this
military reservation. The buildings go TO
the militia of the state.
DISAPPOINTED DEMOCRATS.
Ohio democrats in Washington are growl-
ing deeply and loudly over the failure OF
their scheme to iniure the republican cause in
that state by securing third party split. 1t
was confidently expected that the farmers
convention, which met in Columbus yester-
day, would declare in favor of third party
ftate ticket for Ohio this fall. The decision
of the convention to do nothing of the kind is
very troublesome, and among the Buckeye
democrats it is considered good form to lay
the failure Of the well laid plans to the efforts
of Secretary Foster. 1t is generally admitted
that the absence Of a third ticket will re-
dound to the advantage of the republican
cause and that republican prospects are
brighter in consequence. Secretary Foster
himself, wnile not disposed to be loquacious,
thinks that the republican prospects grow
bertSr every day and in this view he seems
to be for one IN accord with his democratic
neighbors.
MISCELLANEOUS.
Andrew Rosewater and George l.. Barney
of Omaha are al the Ebbltt.
The postmaster general today appointed
G.. A. Gremmels postmaster at Poesta,
Dubuque county, Ia, vice X. l.. Crawford
resigned: also H. II. Weger at Troy, Davis
county, Ia, vice +. M. Ross, resigned.
S. w. Richmond of Lincoln is registered al
Wizards.
II. Nj. Gilbert and j. a. Ostenberg of lows
are at the Shoreham. PERRY s. HEATH.