New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-22
SECRETARY FOSTER NOT CONCERNED.
THE TREASURY ABLE TO REDEEM ALL a. PER
CENTS NOT EXTENDED.

THE TREASURY ABLE TO REDEEM ALL a. PER
CENTS NOT EXTENDED.
washington, Aug. 81 (speciab.-Ever since the an
nouncemcnt by the Treasury Department last June that
the 4 l-2 per cent bonds matnring september 4
would be extended at = per cent or redeemed ont
right as the holder might prefer, persistent efforts
have been made various quarters t. create the i'm.
preston that the Tr tsnry canICt really make god
II, promise for redemption, II the maturing bonds
are presented in large quantities. Every few days
dispatches from Washington intimate that secretary
Foster alarmed at the alleged failure of his scheme
Of exten sion and is pleading with the banks in New.
York to help him cut Of his difficulty. The latest Of
these misleading statements had hn setting out this
morning post-haste to Saratoga 10 confer With the
President on the latest phase OF the situation and
arranging to stop in New-York City for final ap-
peal to the boEdhoderS there.
The fact is that secretary Poster is not concerning
himself about the II per cent bonds further than to
see that the proper arrangements are being made TO
carry ont the terms of the offer Of last June. u
tho S5I, 100000 In bonds outstanding. about S20-
600 900 have already be.r offered for extension. and
In the next two weeks many other offers are Likely
to come in. OF the bonds not extended. probably
only comparatively small number will be preSentd
at once for the redemption. many being held In
trust estates and otherwise tied up, and the Treasury
has ample means to take up all that may be brought
In. Even If S2o,oo0,000 OF S25,0o0,0O0 In bonds
presented for redemption the available Treasury
surplus could be drawn To meet the demand vita
entire safety, and the Treasury would be able 70 70
on as usual without serious embarrassment. SCI
rotary Foster is simply awaiting the course OF eve
and Is fully prepared to meet any situation thai MAJ
arise in the process of extending or eNunguishing
1-2 per cents.
TIE BONDING OF DESTITUTE IMMIGRANT
Washington, Aug Ex-senator Chanler, Of yez
Hampshire, chairman Of the immigration Committee
OF the senate, recently wrote to the Secretary Of tho
Treasury, expressing the opinion that Congress never
intended to authorize general practice OF permuts
immigrants belonging any prohibited class. 10 kn
simply upon furnishing a bond that they shoah ~
become public charge. Actlng-Secretary Nettet0
in reply states that the Treasury Department dos
not intend TO permit this to grow into a system Boz
Attorney. GeneInl Garland and Attorney -Geaera
Miller have furnished written opinions that bons
may be taken in exceptional cases. The Acting
secretary states that the practice is cOnfnei mainly
to instances where refusal would result III sep
aratng the members Of family, and that H. hTHf
thus far taken are relatively few.
Washington, Aug 2i.-The treasury l-i
ance to-day Is stated at Sl55,e4l,53s, of which
sl67OoOoO is on deposit with National banks
and 100000 is In subsidiary coin Exclusive Of
these two items and Of the S00000,0O0 gold reserve,
there is therefore, now in the Treasury nearly S2O
100000, showing a large increase during the Sss
month. Since July l there has been an increase
IS 600 900 In National bank circulation and II Is IN
derstood that a number OF the banks are preparing
take out additional circulation.