The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-07-12

WASHINGTON. July THE Evening
Star has this: --
while members of congress and lead
ers in financial matters are discussing
the various plans by which the present
situation can be relieved. the officials of
the treasury department are quietly pre-
pairing statistics and histories of flnan-
cial transactions for the benefit of the
administration to guide il in its own
WEBS on this vital subject. In many OF
the bureaus the chiefs are devoting their
spare time TO the collection of this In
formation so that it may be in the hands
Of the president and Secretary Carlisle
at the earliest possible moment
Several plans have been suggested to
Secretary Carlisle, and he has them I'M
der consideration. Among them is one
which will create considerable Of a stir
in financial circles, as it contemplates an
entire change in the money system Of
the United States. In short the plan is
to pass a specie resumption act redeem
ing all Of the various forms OF money
now used in this country and issuing in
stead a L. s. treasury note, whose value
| shall always be fixed.
There are at present nine different
are gold coin, standard silver dollars,
subsidiary silver, gold certificates, silver
| certificates, treasury notes Of the act Of
| July IA, 1890, u. 5. notes. currency GER
| tificates and national bank notes. The
| fact of the wide difference bet veen the
/ value Of the gold and silver coins while
they are theoretically OF a parity. is one
/ OF the causes which suggested the plan
proposed. The plan under consideration
is to redeem all the present paper cur
was redeemed by the Sherman act OF
| 1870 and instead issue what shall be
| known as the L. $. treasury note It
shall be redeemable in coin but in the
| act the definition Of this word is 70 be
/ plainly stated. The Bank Of France has
law by which notes are redeemed par
| tally in gold and partially in silver
/ and such a method has been suggested
for this country. In connection with
| this the advisability OF passing a bill
| authorizing an issue Of notes redeema-
bic in silver alone has been talked Of"
Bank Dividends Declared.
! The comptroller Of the currency has
| declared dividends in favor Of the credit
ors Of insolvent national banks as fol-
| lows, viz:
A second dividend Of Is per cent. in
favor of the creditors of the First ma
tional bank Of Kansas City. Kas., max
4 q
amounting TO sl01, 704.
A first dividend Of 80 per cent. in favor
| or the creditors Of the Newton national
| bank, Newton, Kas., on claims proved.
| amounting 10 Ss6, 500. A second dividend
Of % per cent. in favor Of the creditors
Of the First national bank of Cold Wa
! ter, Kas., making in al 50 per cent. on
| claims proved, amounting to S34013
A first dividend of 80 per cent. in IA
| vor Of the creditors Of the Commercial
| national bank of Nashville, Tenn, on
claims proved. amounting 10 S1.254, 40e.
| Comptroller Eckels is informed that
| the First national bank of Hot Springs.
S. D.. and the Livingston national bank
of Livingston, Mont, have closed their
| doors to business. Bank Examiner Dia-
| mond has been ordered to take charge
of the Hot Springs bank and Bank Ex-
| aminer Flynn Of the Livingston bank
National banks during the past two
months have increased their circulation
nearly S70000OO, orders for new circula-
ton to the amount Of 2277 600 having
| been received so far this month by
| Comptroller Eckels
silver Bought at O.72.
The treasury department resumed the
purchase of silver bullion today, buying
100000 ounces at or. The offers aggre-
| gated 1,27S,000 ounces at the same price
| as that paid. but all offers beyond the
| 100000 ounces purchased We're declined.
The price of silver bullion in London to-
! day was 81 and a fraction pence, which
| at the exchange rates made the New
York price about 0.72. but the tendency
was downward, and it is believed at the
treasury that the price Of silver next
| Monday I'm London viii be lower than il
was today This is the explanation why
| so little of the amount offered will be
| purchased.