, 1891-06-12
TIE FINANCIAL SITUATION

L-sHH--a -
N'1 ~ 'ssI'v
=, s'l'e q" i'y = 80
tul' S1i, 'le'1 was AZ us
V0''OO' 49,
jan =" -
ehSep' Ia io''' Lno ue'Iu'' "l9 o',p :,
An uHe' s'n'1 5"V W o7-'
amply "o''u'i J" every
.u,r5,o. - tho o6.;,I st.,emcDt for
NJ 90 ne, b,I,roo Il, h treasury nm
,bo,d.r w,s ,b,n, sIo 00o Ooo and The
balance II, Tho national bank dcpositaries
,b,nt s52 oOo OOO more making s22-
uno oO0 in all To tins ,dde5 in the
statement 900 600 600 ot fractional coip
md ,rr-on,y which swslls tho ann,ren,
,o,,l ,v.iI.bls balance To s52 79I 22o
A,,- from Tho facts that rr,ct;on,I co;n
and currency ar. uselsss for novmsrt If
,rnso f mara than 200 and tb.t ncarJv
tbe wbole ,t fbs ALLIANCES in the national
b,pk dspos,taries are needed for current
bpsipess the statement om,ts IN mention
that the tra,sprv has assumed the resron-
sibilitv of redeeming S42 600 O outstand-
ing r.ti,n,i b,nk circulation F,r which "A
has resolved the greenbaeks and which ia
coming in c,r ,edem n,;on At tho rate If
.. 500 600 ner month Practically there.
+or, tho ,re.sury has M balance nj all he
,ond the sIOo.n 600. 900 in gold set ,part
for the redomntiop Of the ~greenbacks
in yieS of the condition of things and
of the enormous. requirements for mansion
n,vments in Aucust and IN Sentember
the announcement bv Secret,rv Foster NJ
his readiness to nav off on sent / the
$4,000 o of a. per cent bonds matur-
inc that dav e~yc;tes bn,b nv surnr;se and
nv curiosity. I am surprised that he
should have been 40 p-reoipitate in making
tho pnoppcemept instead of vsitins a.
Ia had The riebt N 40 until h. know
.r, chat bis rssour,ss ,ro g,i,g T., bo nm
Sent and cpriops IN 400 how he will
4pIsn tho undertaking be has ,sarmod
uis c~ircnlar contains a suegcs,ion that bs
woptd Iko N o,,end . nortion of Tho ma.
turirv bonds At l.! nor cont nor an
nrm nd .o,n. n, ,bo national barL om
60 or ,bo oitv h,yo ,s.urod h;n, 10
,b,, "A he v;u m.to ,be ra,o . nov oon,
-, o,l, iii .h.,ax,ood - b., H.,
a. aha-.,..l -. - ~ ...u
u;n ;o;n ,;,h her ~ hr,;na "a
- a., 900 coz Re L.
- rL, ~ sa,.,t.z, -, ~,
+oIo, ~ ia =. ,bo L,,r - No.
80, r..rn I'D; :, no umr ,r 90
-. .aIn,;on 80 H. 5;E,,I,n ~
ur,b.bJu +, III No, h,, I AL, no,,,
- H.. .,r,o,,nasa ,r - a.
-,
mN,,uho- ,,o soo ho, ,,
r,,a,y e he rnI6ls The rlodpc wb;cb bo
- IA, :. bi,' na,;,. o,n - 80,
..ra - ~ sroo on1 oon III
81 - ,Lo ..,as.on ar pa,
CIaraI.nd !. rsSt bos hoor 90, an,,, ond
.,.I 81 r,,J ta.ha.oI-a
uon Oh Tue E~te'noa'As NJ provision VI
Jaw protects t,'S iunu' 'or' no'"iths'anu
ing tue popuAf Oelle' 70 Tue contrary,
tne main'enAu'o y. ""l iuuu VI a"S ANU
oueu' Ne
"A' D"S Ako Se"71 u" DC inpefa,
I' Ne'V''uT'e 'ne Impairment u
'uH eH'a 'eE" iun u S~i'o'OCo'oVO
"ou'' Oo 'us'S 's " Ton,n
. nnau'l'' "'.A"eS' ""''' "i'K"' nave a
81,
y. ko'u
Nnne SueS nave p'P,e'Seu tn' p'''es u
VI s''GN7 1"u oo"u'' nave no' rAiSeu 'ne
" u' y moy p'o' ''S
- '"" ~
Out tue oEeiuo" OF d superAounlan cur,
ieueS' NeaiH 'ue "noe Vi Tue Soiu
exported TINS year. amounting 10 ABOUT
S~oo'UOy'OCo mas come not out OF the
people ana therefore Uu' ., the s'OoA III
sS'uA' use out out oil the Onl'ed states
treasury "nere't was Out'eu as eneotuanS
as II was Deicre II was jug out OIL the
,O, the o,bs. hand Sent the d.y
when Secretary Foster offers IN redeem
the maturing ISL 600. O of a per cents
fall, ritb, y, the midst ot Tho animal IA,
maDd At the West and the Soptbwest IA,
currency with which to hiring The crons "a
market and this demand for several wear.
mast has beeD met bv tho noprinv ont
from the limited States treasury Of chr.
rencv against the pnrchsse of bopd 6 Tn,